by Bryan Wisda, CFP® | Dec 6, 2024 | Advanced Planning, Retirement Planning, Tax Planning, Wealth Transfer
One of the most common questions I receive, as a CERTIFIED FINANCIAL PLANNER™️, from clients is about Roth conversions. With proper planning, converting traditional retirement accounts to Roth accounts can be a powerful tax planning strategy. Let me break down...
by Bryan Wisda, CFP® | Dec 2, 2024 | Advanced Planning, Financial Planning, Retirement Planning, Tax Planning
As the retirement planning landscape continues to evolve, 2025 will introduce a groundbreaking opportunity for individuals aged 60, 61, 62, and 63: the new $11,250 super catch-up contribution for your 401(k). This provision, a game-changer for retirement savers,...
by Bryan Wisda, CFP® | Nov 29, 2024 | Advanced Planning, Tax Planning
In the world of investments, few tools are as powerful—and often misunderstood—as the tax code. One such provision, the “wash sale rule,” governs how losses on investments are treated for tax purposes. However, when it comes to cryptocurrency, there is a...
by Bryan Wisda, CFP® | Sep 28, 2024 | Advanced Planning, Tax Planning, Wealth Transfer
With the expiration of the Tax Cuts and Jobs Act (TCJA) set for the end of 2025, significant changes to the tax landscape and 2026 tax brackets could be on the horizon. To effectively prepare, it’s crucial to understand how various tax provisions might shift and what...
by Bryan Wisda, CFP® | Sep 9, 2024 | Advanced Planning, Investment Management, Tax Planning
When it comes to retirement accounts like IRAs, the promise of tax-deferred growth is a central appeal. However, as many investors discover too late, not all investments are well-suited for these tax-advantaged accounts. Master Limited Partnerships (MLPs), while often...
by Bryan Wisda, CFP® | Sep 2, 2024 | Advanced Planning, Tax Planning, Wealth Management, Wealth Transfer
This is a game-changer for married couples residing in Kentucky with assets with significant capital gains. As a certified financial planner, I’m always looking for strategies to help my clients optimize their financial futures. Today, I’m excited to share...
by Bryan Wisda, CFP® | Aug 24, 2024 | Tax Planning
When it comes to tax expertise, an Enrolled Agent (EA) stands at the pinnacle of the tax profession. These highly qualified professionals have earned the distinction of being the only federally licensed tax practitioners who specialize in taxation and have unlimited...
by Bryan Wisda, CFP® | Aug 8, 2024 | Advanced Planning, Tax Planning, Wealth Transfer
I’ve been a financial advisor since 2001 and a CFP® since 2006. In all those years, I’ve never had a client die who was the owner of an inherited IRA (sometimes referred to as a beneficiary IRA). Unfortunately, this scenario just played out and I had to do...
by Bryan Wisda, CFP® | Aug 1, 2024 | Advanced Planning, Retirement Planning, Tax Planning
Are you approaching retirement or already enjoying your golden years? If so, you’ve likely heard of Medicare, but you might not be familiar with IRMAA. This lesser-known aspect of Medicare can have a significant impact on your retirement finances and tax...
by Bryan Wisda, CFP® | Aug 1, 2024 | Advanced Planning, Wealth Protection
In the intricate world of digital marketing, where visibility can make or break a business, search engine optimization (SEO) stands as a beacon for attracting potential customers. However, just as there are legitimate paths to online success, there are also dark...
