Planning Archives - Zxcoachoutlet

Kiplinger’s Personal Finance: Now’s the time for estate tax planning | Business News

October 11, 2020

kiplinger-retirement-2020930 — There are several estate planning strategies to consider before the rules change.

tribune news service

This year is an opportune time to consider succession and wealth planning.

One reason is the federal estate and gift tax exemption is at a historic high of $11,580,000 in 2020 — $23,160,000 for couples if portability is elected on a federal estate tax return. Portability allows a married decedent’s unused estate and gift tax exemption to pass to the surviving spouse. The tax rate is 40%.

This exemption amount expires at the end of 2025, but if the Democrats win big in November, odds are good the exemption will fall sooner because Joe Biden has called for lowering it. He hasn’t given an exact figure, but it could revert to pre-2018 levels of about $5 million ($10 million for couples), with inflation adjustments.

Here are two estate planning strategies to consider now before the

Planning Strategies for Single Savers

October 7, 2020

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Single folks investing and saving for retirement have some special planning issues for which financial advisers can offer valuable expertise.

Unlike married investors, single people are on their own without the additional retirement savings of their spouse to help build their retirement nest egg. Here are some issues that financial advisers can consider when helping single clients plan for their retirement.

Saving as much as possible for retirement is important for all, but especially so for single folks. They have only their retirement savings to count on. Be sure they are maxing out their 401(k) or other employer-sponsored retirement plan if they have one available.

You should also encourage them to contribute to an IRA as well. If they are self-employed, be sure they open and contribute to a Solo 401(k), a SEP-IRA or a SIMPLE IRA.

For those who have the option to do so, funding an HSA account

The Role of Financial Planning During Times of Uncertainty | The Smarter Investor

September 29, 2020

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As we prepare to celebrate World Financial Planning Day on Oct. 7, maximize this opportunity to get your financial house in order with a financial plan so you can stay above uncertainties.

From the Great Recession to today’s health crisis, we are reminded that there are things that are out of our control. Uncertain times come without an invitation; times that try men’s souls usually appear without advance notice.

How can you be better prepared so these uncertain times don’t destroy your finances? What can you do to build your house on a rock so that when the storm comes, it will still be standing?

Financial Planning and Uncertainties

People without a stable financial plan jump on every movement in the stock market. They buy stocks because everyone is buying and selling them because everyone is selling. Warren Buffett calls it the ”fear-greed” cycle.

People without a financial plan don’t

Personal Capital Honors National Financial Planning Month Through New Strategic Partnerships and “Financial Heroes” Campaign

September 29, 2020

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Former pro basketball player Baron Davis and Peek.com CEO Ruzwana Bashir will serve as Personal Capital’s first “Financial Heroes” to raise awareness around the importance of financial tools and financial literacy for everyone.

REDWOOD SHORES, Calif., Sept. 29, 2020 /PRNewswire/ — Personal Capital, an Empower Company, a remote-first, industry-leading digital wealth manager, unveiled today it’s “Financial Heroes” campaign in an effort to promote financial literacy and financial empowerment. The campaign will coincide with National Financial Planning Month in October to bring awareness to the importance of having a solid financial plan and access to resources, especially in times of crisis.

Baron Davis is partnering with Personal Capital's "Financial Heroes" campaign to drive awareness around financial literacy. — Baron Davis is partnering with Personal Capital’s “Financial Heroes” campaign to drive awareness around financial literacy.

The company announced strategic partnerships with 2x Pro Basketball All-Star Baron Davis and CEO of travel experiences company Peek.com, Ruzwana Bashir. The pair will be the new faces of the integrated campaign

Personal SWOT Analysis – Career Planning from MindTools.com

May 7, 2020

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Chance favors the prepared mind. – Louis Pasteur

You are most likely to succeed in life if you use your talents to their fullest extent. Similarly, you’ll suffer fewer problems if you know what your weaknesses are, and if you manage these weaknesses so that they don’t matter in the work you do.

So how you go about identifying these strengths and weaknesses, and analyzing the opportunities and threats that flow from them? SWOT Analysis is a useful technique that helps you do this.

Click here to view a transcript of this video.

What makes SWOT especially powerful is that, with a little thought, it can help you uncover opportunities that you would not otherwise have spotted. And by understanding your weaknesses, you can manage and eliminate threats that might otherwise hurt your ability to move forward.

If you look at yourself using the SWOT framework, you can start to

Personal Financial Planning | Human Sciences

May 6, 2020

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Request Info Visit Apply Give to PFP

Invest in your career by earning one of the nation’s best Personal Financial Planning
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The New York Times says Texas Tech University has “arguably the best undergraduate
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Our PFP Degrees are tailored for your success.

Texas Tech’s nationally renowned Personal Financial Planning Department offers one
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PFP In the News

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Divorce Financial Planning: Take Control of Your Finances

May 4, 2020

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Do you know your credit score or the details of your Social Security report? Can you find the deed to your house, mortgage, life insurance policies, car title, car insurance policies, tax returns for the past 5 years, brokerage and bank statements for the past year? Do you know what your spouse earns or how much is going into a 401k plan annually?

Getting divorced is often a wake up call when it comes to finding out what you know and don’t know about your family finances.

Managing your finances is not about knowing which stock, bond or mutual fund to buy. It’s about knowing what you own (assets); what you owe (liabilities); what’s coming in (income) and what’s going out (expenses). It is about paying attention to where your money is going and being organized.

You’re going to be asked to produce a lot of financial paperwork and documentation … Read More

The Smart Woman’s Guide to Planning for Retirement by Mary Hunt – Personal Finance Book Review

May 1, 2020

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Money maven, Mary Hunt, returns with a new book, “The Smart Woman’s Guide to Planning for Retirement,” to help women prosper financially in the New Year and beyond. While geared toward females, men can also benefit from Hunt’s money knowledge, honed after she amassed over $100,000 in debt earlier in life; and took 13 years to erase.

“Have you had a retirement wake-up call?” Hunt asks early in the book. “I can promise you they intensify with age.”

Hunt sites a 2012 survey that found that 92 percent of women of all ages do not feel educated enough to reach their retirement savings goals.

Saving for retirement requires determination and hard work; and Hunt believes women can succeed. “If we lack confidence, it’s because we lack knowledge and desire, certainly not because we lack intelligence and ability,” Hunt says.

Time trumps all factors when saving for retirement. The sooner you … Read More

Financial Planning and Uncertainties

Invest in your career by earning one of the nation’s best Personal Financial Planning degrees.

Our PFP Degrees are tailored for your success.

PFP In the News

Invest in your career by earning one of the nation’s best Personal Financial Planning
degrees.