Savvy Wealth

Attending Future Proof Citywide 2025? Team Savvy Wealth will be on the ground in Miami Beach, and we're excited to meet with advisors, wealth managers, and industry professionals this coming March 16th, 17th, 18th and 19th 🎉😎 If you're a wealth manager attending and looking to connect, you can learn more about how to find us and set up a meeting time in advance with our executive team: Ritik Malhotra, David Weiner, Steven Cherucheril, Jacqueline Tully, Eleni Stefanopoulos, Jed Entin. Book a meeting: https://lnkd.in/e9J2aGJH PS:🗣️ Catch our Founder & CEO Ritik speaking on Monday, 3/17 3:20pm ET at "The Future of Advice: Blending Human Expertise with Digital Innovation" live panel on the South Beach Stage 🌴 See you on the sand.

Ritik Malhotra, CEO of Savvy Wealth, and Eden Ovadia, CEO of FINNY told advisors at the Future Proof Citywide conference in Miami that marketing, administrative tasks, and tailored client communications are prime areas for #AI disruption. Click here to read more >> http://spr.ly/60470cq9B

At Future Proof Citywide, CEO and founder of Savvy Ritik Malhotra, shared: "Advisors want to know that technology can do two things: improve accuracy and boost efficiency." Savvy’s is building tech solutions that don’t replace advisors, but rather empower them to deliver smarter, faster, and more personalized advice to their clients.

Real estate investors looking to defer taxes through a 1031 Like-Kind Exchange face a shifting market. David Gottlieb shares key considerations: • 45-day rule: Identify replacement property quickly to stay compliant • Liquidity trade-offs: Real estate is illiquid—how long can you lock up capital? • Investment structure: Income vs. growth—what’s your priority? • Geographic factors: Local tax laws, landlord policies, and market conditions matter Read more 👇 https://hubs.la/Q03c8_yX0

New BOI reporting rules impact LLC owners in 2024. Are you prepared? The Corporate Transparency Act (CTA) requires many LLCs to report Beneficial Ownership Information (BOI) to FinCEN. This aims to prevent financial crimes but adds a new compliance burden for businesses. What you need to know: ✔️ Who must report? Most U.S. LLCs, except for exempt entities ✔️ What’s required? Ownership details, control structure & personal information ✔️ Deadlines: Existing LLCs file by Jan 1, 2025; new LLCs have 30-90 days ✔️ Penalties: Up to $500/day in fines & possible criminal charges Non-compliance is costly. Sam Saleh, MBA, ChFC, CFP Candidate explains how LLCs can meet the requirements. 📖 Read more :👇 https://bit.ly/3XoOyl7

Tax changes are coming in 2025—are you prepared? President Trump's proposed tax policies could impact corporate rates, business deductions, and personal income taxes. Key highlights: 1️⃣ Corporate tax rate adjustments and potential incentives for U.S. manufacturing 2️⃣ Extended depreciation benefits for the construction sector 3️⃣ Adjusted personal income tax brackets and standard deductions Ryan Bond, CFP® breaks down what these changes mean for businesses and individuals—and how you can plan ahead. 📖 Read more:👇 https://bit.ly/4hZA1ok

Medical school sets young doctors up for years of earning potential, but often comes with significant student loans. Some recent graduates may be considering refinancing, but should they? Brent T. Boden, CFP®, ChFC®, MBA, Savvy wealth manager, says loan forgiveness is something to consider when you evaluate your refinancing options. Ideally, borrowers would keep their PSLF-eligible and non-eligible loans separate throughout refinancing to avoid missing out on any potential loan-forgiveness benefits, he told Credible Read the full article for more 👇 https://hubs.la/Q03bwtFB0

What happens when you put 50+ financial advisors in a room with a bunch of engineers, product designers, investment & client servicing managers, and marketing coworkers for three nights? Magic. ✨ If you're a wealth manager or private wealth advisor thinking about taking the plunge to join an independent RIA that has your back, come join us: https://lnkd.in/egb_dGi4 Going independent isn't a hard choice to make when you're chasing the dream with a team that wants you to succeed.

Direct indexing is changing how high-net-worth investors manage taxes and portfolios. Unlike traditional index funds or ETFs, this strategy allows you to own individual stocks within an index, creating more opportunities for tax efficiency, customization, and control. Key benefits: 1️⃣ Tax-loss harvesting at the individual stock level 2️⃣ Portfolio customization—align with ESG values or sector preferences 3️⃣ Greater control over mitigating risk and tracking error Eric Kirste, CFP®, CIMA®, AIF® explains who benefits most, potential drawbacks, and how to determine if direct indexing fits your strategy. 📖 Read more 👇 https://hubs.la/Q0381pGk0

Running a small business is no small feat, and setting up retirement plans can feel like a big undertaking. Thanks to the SECURE Act 2.0, the tax benefits of setting up these plans are better than ever before. Want to estimate your potential tax credits before you dive into setting up 401(k) plans for employees? Try our FREE 401(k) Tax Credit Estimator: https://hubs.la/Q03bcCNv0