The tax year runs from 6 April to 5 April the next year. This means that the most crucial UK tax deadline occurs every April. That’s because there exist various annual allowances and tax reliefs that you need to make use of to legally mitigate your income tax bill and stop taxes devouring your investment … Read more
On February 6, 2025, the White House announced a series of tax cuts primarily benefitting the middle class and retirees. Here’s what’s on the table: No tax on tips No tax on Social Security benefits for seniors No tax on overtime pay Renewing the Trump Tax Cuts from the 2017 Tax Cuts and Jobs Act Adjusting the … Read more
Health Savings Accounts (HSAs) have become an increasingly popular tool for financial advisors and their clients due in part to the ‘triple tax savings’ they offer: tax-deductible contributions, tax-free growth, and non-taxable distributions for qualifying expenses. However, HSAs require individuals to be covered by a High Deductible Health Plan (HDHP), which has tradeoffs compared to … Read more
Welcome everyone! Welcome to the 421st episode of the Financial Advisor Success Podcast! My guest on today’s podcast is Daniel Friedman. Daniel is the CEO of WMGNA, a hybrid advisory firm based in Farmington, Connecticut, that oversees approximately $270 million in assets under management for 200 client households. What’s unique about Daniel, though, is how … Read more
We’ve been challenged by pension planning on Monevator before. In particular you may recall my previous post on a fictional middle-class duo, Sarah and Stephen, and their pensions-and-IHT-planning saga. Near the end of that piece, I read the vibes coming from the presumed shoe-in of an incoming Labour government and confidently declared: Nor do I … Read more
