FARE helps Black financial professionals thrive
The Financial Alliance for Racial Equity is driving change by supporting career paths for Black students and financial professionals.
2023 could be a really good year to fund a Roth account. Why? Because of low current tax rates and changes to how the standard deduction, tax brackets, and retirement account contribution limits are adjusted for inflation. The high inflation of 2022 means that in 2023 the standard deduction will be higher, and federal income tax brackets will be expanded. As a result, some people could be looking at a lower federal income tax bill this year, making contributing to a Roth account more efficient.
Succession planning is much more than just the act of selling your practice; there are many items to consider when planning the successful transition of your firm, like finding the right successor, client/relationship communications, receiving the proper value, and reducing taxes on the sale of your firm.
The holidays are on the horizon, and for some families, it is a rare opportunity to be gathered together in one location. With the right strategy and some thoughtful planning, a holiday can be the perfect time to discuss LTC and elder care planning.
Utilizing social selling is an excellent way to engage with old clients and build relationships with new clients. With many businesses moving online during the COVID-19 pandemic, the progression towards building and cultivating relationships online has quickened. You can take advantage of this shift by building your own online brand and utilizing social selling.