Ideas for Suggest a Flowchart or ChecklistIdeas for Suggest a Flowchart or Checklist as submitted to our Feature Upvote board. Ideas are ordered by 'new' and the 50 top matches are included.pr_twoyump9c3eokse2025-09-19T16:52:49ZDistribution Planning for Deferred Compensation Planssug_tttsahrdun8hxlt2025-06-03T09:17:40Z2025-09-15T14:41:15ZThis tool would help advisors understand the considerations for both electing and changing the distribution timing from a Q and NQ deferred comp plan, and then also the federal and state tax ramifications of when the funds will be received.Purchasing vs. Renting a Housesug_sjymuna28rxccfx2025-05-23T20:55:15Z2025-09-15T14:41:15ZDependent Care FSA vs Child Care Tax Creditsug_3pavhi98dh5z3tk2025-05-09T15:40:56Z2025-05-15T21:51:54ZConsiderations of using a Dependent Care FSA vs taking the Child Care Tax CreditGeneral State Informationsug_b1jzft33kfd52ho2025-05-08T18:16:32Z2025-05-15T21:51:54ZProvide a general sheet w/ State numbers such as tax brackets, tax advantages (like deductions for 529 contributions), etc...CFP Board checklistsug_4ocqdxzfttebsmk2025-05-01T14:29:11Z2025-05-15T21:51:58ZInteractive versions of the FINANCIAL PLANNING ENGAGEMENTS COMPLIANCE CHECKLIST and FINANCIAL ADVICE ENGAGEMENTS COMPLIANCE CHECKLIST.
https://www.cfp.net/-/media/files/cfp-board/standards-and-ethics/Compliance-Resources/CFP-Board-Guidance-FA-Checklist.pdf
https://www.cfp.net/-/media/files/cfp-board/standards-and-ethics/Compliance-Resources/CFP-Board-Guidance-FP-Checklist.pdfWhat to consider when there are increased tariffs (or market volatility)sug_hrjvq0q7q1rpw5k2025-04-04T02:15:39Z2025-05-01T04:23:13ZWhat to do after a divorce is settled?sug_zp0eccvwjoqpkpa2025-03-24T15:07:45Z2025-05-01T04:23:13ZI see the guide for during a divorce, but I meet many people after their divorce, and a concise resource that can help guide them would be invaluable to those we meet and a great value add/marketing piece clients could share with others. Maybe break it down to immediate/first 30 days/end-of-year/1 year mark, etc.Primary Home Cost Basis Adjustment Checklistsug_qowxkznys9tastg2025-03-20T17:09:46Z2025-05-01T04:23:13ZFor households approaching retirement, I often have clients that are selling a home that has appreciated above the primary home capital gain exemption. It would nice to have a checklist of items to consider that can change their cost basis and reduce taxes.Workflow templates for RedTail CRM (similar to those for Wealthbox)sug_wvi8tyauhfjwkcm2025-03-17T19:04:35Z2025-05-01T04:23:39ZCreate or augment basic workflows for RedTail CRM similar to those presented for Wealthbox.Things to Update or Consider After Becoming a U.S. Citizensug_hdgpj3rclu210tu2025-03-13T14:15:28Z2025-05-01T04:23:13ZWe have a client who is about to become a U.S. citizen, and I wanted to prepare a detailed list of both financial and non-financial tasks they may need to address. The list I provided covered updates for those who are employed or self-employed, updating health insurance, notifying Social Security, banks, credit card companies, brokerage accounts, obtaining a U.S. passport, registering to vote, tax considerations, and safeguarding their naturalization paperwork. I was hoping to expand this into something even more comprehensive.
I haven't included guidance on situations like retaining dual citizenship or the process of renouncing citizenship. For instance, my husband had to renounce his citizenship but was able to secure a lifetime visa for his country of origin. Given the complexity of these tasks, this could potentially be organized into a series of checklists or workflows for better clarity.moving overseassug_ux6nnpooxza11mk2025-02-26T19:27:09Z2025-05-01T04:23:13ZWhat should I think about when considering moving overseas?
What US based organizations can continue to service me if I live in various countries, and how to find out?business owner hsa fsa and riskssug_vmnfeziwdycc0e82025-02-25T17:50:40Z2025-05-01T04:23:13ZThe FSA requires an up-front investment by the business owner, in january. if the employee quits in February, the business is out that money. This is a risk, that is not with other types of plans ICHRA or EBHRA, etc.
I'm watching a webinar by Fin Expert Network on employer health insurance plans.
I think a flow-chart or a list of questions could be really helpful, for the RIA to work with clients who need advisement on this, even if we don't sell the insurance ourselves--we can help steer our clients away from costsly or poor choices, and also show additional value.
I have one forner client now, who has a business, but didn't move with me to my new firm in December. He's not been responsive from a personal approach--but he night respond if I offer insights to help him offer wise offerings to his employees.HELOC vs Home Equity vs. Cash Out Refinancesug_lotbocall7ddful2025-02-18T19:49:55Z2025-05-01T04:21:21ZCan you create a flow chart that helps guide people towards using a HELOC vs. Home Equity Loan vs. Cash Out Refinance vs. Personal Loan for home improvement needs?Client Suitability Questionnairesug_8jut16yjmkjmym22025-02-07T17:19:33Z2025-05-01T04:23:39ZIt would be helpful to have an efficient client suitability questionnaire to send to clients for compliance.What type of trust do I need?sug_r0utl5botkuc3hw2025-02-06T19:47:15Z2025-05-01T04:21:32Ztitle says itDo I need a trust?sug_vzhyuhp8efjxnec2025-02-06T19:46:33Z2025-05-01T04:21:26Ztitle days it allUpdate guide: As Someone Who Is Working, What Issues Should I Consider When Reviewing My Tax Return?sug_incpxcaufyslmum2025-02-03T20:38:36Z2025-03-03T15:09:22ZThe current checklist is outdated, needs to be updated for 2024 tax returns.when to downsize or a checklist on getting ready to downsizesug_g1if0erwofyy7hp2025-01-22T20:07:38Z2025-05-01T04:22:34ZShould I sell or rent my second/investment home/property?sug_qpkkeehovzfaxxm2025-01-10T17:56:33Z2025-05-01T04:22:25ZClients with a second or vacation home, recently inherited home, recently relocated and purchased another home, or even a home they have been renting and are considering their options.Should I consider a SEP or an Individual 401(k) Plan?sug_nyr76i2px62zelv2025-01-10T16:34:12Z2025-03-03T15:14:13ZThings to Consider When Working from Homesug_hsmla3q7c3gojmg2025-01-06T13:37:58Z2025-05-01T04:22:12ZChecklist of things to consider. Do they qualify for Home Office Tax Deduction? Other things to consider...Document TRACKING Checklistsug_2rtlxiihacir7yq2024-12-27T16:48:54Z2025-05-01T04:23:39ZDocument checklist that allows advisor to track when document received and a notification system for when documents are required to be updated - eg annual taxes, investment statements, etc. It would be much easier if there were one central way to do this instead of using excel templates we are creating ourselves.403b $3,000 annual catch-up with 15-years of service eligibilitysug_s76vfyamqsdorkm2024-12-09T19:33:51Z2025-05-01T04:22:03ZWe'd like a flowchart to determine eligibility for this catch-up. It seems really difficult to determine a client's actual eligibility.When to Send a CRSsug_ajrdxilna4ock012024-12-04T18:13:57Z2025-05-01T04:23:39ZCRS is such a complex topic. Knowing the (6) most common situations that require it to be sent to clients would be EXTREMELY helpful!Beneficial Ownership Information Report - Do I have to file?sug_mbetybxczrbgman2024-12-02T15:03:45Z2025-05-01T04:23:39ZWith the severity related to BOI's new reporting, it would be nice to have an ongoing checklist for new business owner clients.Discount Valuation Giftingsug_648dmmq1h7xlo4m2024-11-20T16:53:45Z2024-12-09T15:09:17ZPlease generate a visual showing the benefits and strategy of using discounted vaulation for gifting ownership of a closely held family business to family members, using a Family Limited Partnership or LLC structure to reduce estate taxesIncome tax credits for business retirement planssug_94pmebg5qdqby0o2024-11-18T15:44:49Z2024-12-09T15:09:17ZA checklist of available income tax credits for employers who start a retirement plan for their employees.Important Numbers (State Tax Specific)sug_pjz4xtcmdturdho2024-11-14T19:32:02Z2024-12-09T15:09:17ZI'd like to have a chart that compares how each states taxes earned income, social security, pensions, 401(k) and IRA distributions, as well as potential estate tax numbers.
Similar to the information found here, but in a table format for each state:
https://www.kiplinger.com/retirement/602202/taxes-in-retirement-how-all-50-states-tax-retireesHow much umbrella insurance should on have to be fully protected?sug_errtvjdubscecox2024-11-03T12:34:07Z2024-11-25T15:04:42ZHow much personal liability insurance should one have to be fully protected? Should it be net worth less:
-existing home and auto liability insurance (the lower of the two)
-ERISA retirement accounts
-IRAs/Roth IRAs (depending on what state you live in)
-homestead exclusion (depending on your state)
Should you also add 20% of future earned income (I've heard this from some, but it's unclear if this is overkill)?
A list of all considerations (including state considerations) would be helpful.Advisor Focused Employer Benefits Analysis Checklistsug_80a3y0sym1qxwdh2024-10-26T14:20:34Z2024-11-25T15:04:52ZTo streamline the process of analyzing employer benefits for clients, it would be great to have a chronological checklist or process specifically for the advisor to use.Health Savings Account (HSA) Eligibility Reviewsug_rgpyu5aq2bholzz2024-10-24T20:35:40Z2024-11-25T15:05:06Z1. Do you have a high-deductible health plan (HDHP)?
• Confirm if their health plan meets the IRS criteria for an HDHP (minimum deductible of $1,600 for individuals or $3,200 for families in 2024, with out-of-pocket maximums not exceeding $8,050 for individuals or $16,100 for families).
2. Is your current health insurance plan the only medical coverage you have?
• To be eligible for an HSA, the client must not have other non-HDHP coverage (excluding certain exceptions like dental, vision, and specific disease insurance).
3. Are you covered by any other health plans, such as a spouse’s plan?
• Check if they are covered under a spouse’s plan that is not an HDHP, as this would disqualify them from HSA eligibility.
Other Coverage Considerations
4. Do you have access to a flexible spending account (FSA) or health reimbursement arrangement (HRA) through your employer?
• Confirm if they are enrolled in a general-purpose FSA or HRA, which can disqualify them from having an HSA unlessWhat to consider when investing in real estatesug_mftdmmebfvcyyzy2024-10-22T21:21:03Z2024-11-11T15:20:05ZChecklist that outline the key considerations of investing in either commercial or residential real estate as an investment. Could include sections as valuation considerations, financing, property selection, risk management, operational management, etc."Bug Out" Bagsug_ieesslv5ruuz9yh2024-10-06T11:56:25Z2024-11-11T15:19:57ZWith the latest tragedy of Helene......if you are forced to evacuate during an emergency, what documents do you need to have with you? (passports, estate plan?)Setting up an llc vs an s corpsug_g4fpxihkbp2wbpu2024-10-01T19:38:39Z2024-11-11T15:20:05ZWhat to know when a Federal Disaster strikes you or a loved onesug_ksxmkmq0qp1nzbb2024-09-30T12:15:26Z2024-11-11T15:19:57ZWhat to know when a Federal Disaster strikes you or a loved one. How it might change IRS tax filing deadlines, pointing to resources for claiming deductions on Schedule A or applying for SBA Disaster loans. And there's probably much more that I don't know to suggest.72(t) & SEPP Distributionssug_mhwgi3bv93whfmq2024-09-25T12:45:59Z2024-11-11T15:19:57ZOverview of rule 72(t) and substantially equal payments for early retirees.Include new EPED in the "Will A Distribution From My Traditional IRA Be Penalty-Free" guidesug_ff16rzwimutwrat2024-09-24T16:26:55Z2024-11-11T15:19:57ZUp to $1,000 per calendar year is allowed to be distributed from an IRA without penalty as an Emergency Personal Expense Distribution (EPED). Please include a question of "have you used your $1,000 EPED for the calendar year?" and then after that, "the first $1,000 would be penalty free".Should I convert traditional IRA to a Roth IRA?sug_wz5it9zozxknftm2024-09-18T18:15:57Z2024-11-11T15:19:30ZWhat things should be considered when deciding whether it makes sense to convert to a Roth IRASolok changes & contributionssug_bs2xga9xwblnagk2024-09-04T15:53:15Z2024-09-16T14:09:06ZWhen should you consider setting up a solo k
How much can you contribute to a solo K
When would you need to update your solo k
If you change your tax filing status from an LLC to an sCorp - what should you consider in regards to your solo k.what issues to consider when reviewing summary plan descriptionsug_fcexglk7jbfhntl2024-08-28T20:46:17Z2024-09-16T14:09:06ZWhat to Consider For ESG and Sustainability Investingsug_erredpiejyoiyyg2024-08-19T20:40:16Z2024-09-03T14:10:45ZWith more and more clients learning about and wanting to align their investing with their values, it would be helpful to have a tool where we can help clients identify their values and line them up with ESG/sustainability investing.Common Financial Valuessug_miejaicc75fd6zf2024-08-19T20:38:58Z2024-09-03T14:10:53ZIt would be great to have a checklist of the different common financial values that people have. We could then share that as an exercise they can use to review and reflect on their on values.Document Checklistsug_iuz5mi83rrlwzrt2024-07-29T19:59:04Z2024-09-03T14:10:53ZChecklist to log and monitor documents and statements clients bring in. For example income taxes, insurance statements, 401K statements and other employer documents. Create so multiple years can be listed so you can monitor and let client know what is needed and show client the last time you received the document.Compare Account Types for Minorssug_hqpvmmvnn9g1xtg2024-07-26T18:16:36Z2024-09-03T14:10:45ZConsidering the broad account options available for minors, a recap sheet to review pros/cons of account types for minors would be nice to share. Education accounts, custodial Roth IRA, custodial accounts, and even comparing the ramifications if a parent just opens a separate individual account intended for the minor (but in parents name).IMPT NUMBERS PAGE DOES NOT INCLUDE .......sug_odqaelt49wvjpsr2024-07-26T14:40:05Z2024-09-03T14:11:01ZIMPT NUMBERS PAGE - IRA CONTRIBUTION LIMITS ...SEP, SIMPLE, 401K LIMITS ETC ETC ETC ?529 Plan Selectionsug_revtez5cwtxqzah2024-07-24T23:16:33Z2024-09-03T14:10:45ZLooking for a flowchart to help clients decide between using a plan in their state (tax credit, tax deduction, or parity) then which plan to choose in general (not plan specific but things to consider like investments selection, fees, minimums, platform etc. given their priorityHow to prepare for supporting an aging parentsug_wnsx54lqigllflw2024-07-17T16:49:40Z2024-09-03T14:10:45ZChecklist of how to plan for financially supporting aging parents. A model for this would be something like this article: https://blog.massmutual.com/retiring-investing/helping-parents-in-retirement.QLAC'ssug_ftirdtm1avgmhlq2024-07-16T20:31:28Z2024-09-03T14:10:45ZFunds transferred from an IRA and placed into a QLAC are not subject to RMD and can reduce the client tax bill and continue deferral into later life.Should I save in my traditional 401(k) or Roth 401(k)?sug_rxhoijuzdptt7b92024-06-28T13:55:51Z2024-09-03T14:10:45ZFlowchart that walks through all the decision points regarding saving in a traditional vehicle (traditional IRA/401k) or a Roth vehicle.Should I consider doing a Qualified Disclaimer?sug_dabt31cbiqn7erx2024-06-26T16:37:37Z2024-08-05T14:19:04ZThis is for the rare instance when someone inherits money that they don't necessarily need or want. For example, a client inherits a retirement account but wants to share it with family members according to the will. For 9 months after the date of death, the client has the option to do a "qualified disclaimer", whereas it would send the qualified funds back to the estate to be distributed according to the will or state law. This strategy is important to be aware of because it could potentially save the beneficiaries a tremendous amount of money in taxes if sharing the funds is the primary goal and some of the beneficiaries live in states with state income tax and some don't. If the 9-month deadline passes, then the account beneficiary would be responsible for 100% of the taxes (exposing more of it to higher rates) and would instead have to "gift" portions of the account every year if they still wanted to go about it this way.