#CFP News

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Retirement Weekly: New year, new adviser? How to know when it’s time to switch

marketwatch.com With a tumultuous 2022 behind us, the start of a new year can be an ideal time to review your long-term financial goals and take steps to set yourself up for long term…

These are the key tax forms you need to file your return

cnbc.com If you're expecting a refund this season, it's critical to file a complete and accurate tax return to avoid "extensive processing" and delays, according to the IRS. One of…

Millennial Money: Rekindle fizzling financial resolutions

apnews.com Save more, spend less and pay off debt are popular New Year’s resolutions — and perhaps the ones most likely to fall by the wayside a few weeks into the year when reality…

Adviser links: the overarching idea

abnormalreturns.com Podcasts Christine Benz and Jeff Ptak talk taxes with Jeffrey Levine, chief planning officer for Buckingham Strategic Wealth. (morningstar.com) Daniel Crosby talks with…

Jill On Money: Is diversification dead?

siliconvalley.com As we settle into 2023, economists and analysts are still trying to answer last year’s two-part question: Is the economy still too strong – and is inflation too high, which…

Roth IRA conversion taxes may be trickier than you expect. Here's what to know before filing

cnbc.com JoAnn May, a CFP and CPA with Forest Asset Management in Berwyn, Illinois, said the pro-rata rule is the equivalent of adding cream to your coffee then finding you can't…

How to prepare financially in case of a debt ceiling crash

washingtonpost.com On Thursday, the Biden administration began using “extraordinary measures” to keep the government from breaching its $31.4 trillion debt limit, a scenario that could lead to…

How Social Security Works After Retirement

investopedia.com For millions of Americans, the most anticipated upcoming birthdays aren't whole numbers but fractions, like 66 and two months, or 66 and four months. That's because, for…

A single mom who works two jobs

morningbrew.com Contextualizing the finance news you need to know. Last week, we brainstormed how stay-at-home caregivers can prepare for tough economic times. This week, we’re going one…

Soon you'll be able to rollover leftover 529 funds into a Roth IRA

fortune.com Thanks to the Secure Act 2.0, families will be able to move any leftover funds in a 529 investment account to a Roth IRA for the first time. The legislation was part of the…

7 Money Moves To Increase Your Net Worth In 2023

forbes.com Here are seven smart money moves everyone should make in 2023 to help take the stress out of building their wealth. Some of these will save you money, which will allow you…

Over half of millennials expect to inherit money: Take 3 steps to be ready

cnbc.com The so-called great wealth transfer has been brewing for years as the historically affluent baby boomer generation begins passing on their estimated $68 trillion worth of…

ChatGPT, CFP

morningbrew.com Contextualizing the finance news you need to know. The question is no longer what ChatGPT is, but whether it could take over your day job. (And if it can’t yet, how long…

Tax season starts next week. Here are 5 ways you can prepare to file

fortune.com If you’re still nursing a financial hangover from the 2022 holiday season, it’s time to get back in the driver’s seat because tax season starts next week. According to the…

‘It feels like way too much to lose.’ We had $550K invested and told our adviser we wanted a ‘conservative approach.’ Since then we’ve lost $88K. I know the…

marketwatch.com Question: Two years ago my husband took an early retirement when offered by his company. At that time we had a 401(k) with about $550,000 that we gave to a big financial…

Jill On Money: Kickstart your great money reset

siliconvalley.com Amid the scary, early days of the pandemic, I decided to increase the frequency of my Jill on Money podcast from a bi-weekly to a daily show. Related Articles Business |…

6 planned IRS changes that could impact your finances

aol.com President Biden signed the Inflation Reduction Act into law last August. At $750 billion, it is one of the largest spending packages in American history. Much of the funds…

How to save for retirement when you’re in your 30s

yahoo.com This article was originally published on Bankrate.com. In your 30s, responsibilities pick up. You’re likely to buy your first home and grow your family. Marriage, a mortgage…

What Happens to Deferred Compensation If I Quit?

yahoo.com Deferred compensation is a way for employees to reduce their tax burden while ensuring their economic security in their golden years. Deferred compensation plans with a long…

Taking Required Minimum Distributions? These Mistakes Could Cost You

investopedia.com It seems simple enough: When you turn 73, you must starting withdrawing a specific amount—a required minimum distribution (RMD)—from your tax-deferred retirement accounts,…

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