Alternative fee structures have their own potential conflicts of interest, and investors favor the asset-based fee model even in the face of price competition from lower-cost robo-advisors, writes Robinson, a financial advisor and owner of Financial.
If you’re incorporated, tax planning can be a little easier because you ... Ask a Planner: Leave your question for Jason Heath » Jason Heath is a fee-only, advice-only Certified Financial Planner (CFP) at Objective Financial Partners Inc. in Toronto.
But certified financial planner Sophia Bera, founder of financial advisory firm Gen Y Planning, points out that workers can sock away savings for their later years in an unexpected way — with, of all things, a health savings account. HSAs are not.
tips on potential tax deductions that advisory ... and a fascinating look at the future of financial advisors and the shift to the RIA model from industry leader Mark Tibergien. There are also several more technical planning articles this week, from.
In addition, investment-income related deductions such as financial adviser, tax planning and preparation fees which are currently deductible subject to the 2% adjusted gross income limit for those who itemize, would be axed under the current proposals.
Allow for the deduction of tax and financial planning fees from all income. With the storm of complexity and uncertainty that appears to be coming at us, it’s the least the government can do. Evelyn Jacks is Founder and President of Knowledge Bureau.
As such, they can involve heavy financial ... a valuable tax break can offset part of the one-time fee to enter a CCRC and part of the monthly fees to stay there. Specifically, your parent (or maybe you depending on who is paying) can deduct a percentage.
missing as well. In the week leading up to the crash, US legislators decided to reverse the generous tax deductibility for interest costs incurred in takeovers. ... Are leveraged ETFs the new weapon of 'mass financial disaster'?. Mr Murphy's.
These include tuition, room and board, mandatory fees , books, supplies, computers and other equipment required for college enrollment or attendance. • Take advantage of Future Scholar's tax advantages: Future Scholar has one of the best state tax.
Two of the largest managers of target-date-fund assets, Fidelity Investments and American Century Investments, are changing how they assess fees in the multi-asset funds, at a time of heightened cost scrutiny and as TDFs capture an increasing portion.
Research shows 17% of Americans age 65 and older have been taken advantage of in terms of irresponsible investments, high fees ... to do your tax returns as you age. Irresponsible or careless money management could lead to significant financial losses.
Tax deductions : Another rarely discussed downside to annuities is that the investment management fees and other charges are not tax deductible as they would be on other investment accounts. The IRS views them as insurance contracts and fees for things .
But with proper knowledge and the right approach, investing can be the ticket to financial freedom down the road. ... Living with roommates, moving in with your parents and using public transit are all good, temporary measures you can take to keep.
And women should actively engage in the financial and retirement planning meetings — even when it's not what they really want to be doing. Unfortunately, meetings with both spouses in attendance don't always happen, which can mean that when the loss.