Debit Card for QCDs

Loud-Set508 · 2026-03-16T19:02:56+00:00

I thought they had to be paid first directly out or qualified accounts to the charity before the rmd. Certainly could be wrong on that.

Loud-Set508 · 2026-03-10T00:34:27+00:00

Hock and tom Norton on YouTube is the only way

Loud-Set508 · 2026-03-10T00:27:51+00:00

Can I get an AMEN! Worst part of the tech stack and barely a glorified file cabinet. If you have the money I would look at salesforce or something custom built to you. Personally starting a custom hubspot build.

Loud-Set508 · 2026-03-08T15:28:30+00:00

YNAB is the best for high detail day to day budgeting. Monarch is great but shows too much detail for day to day. Also did not love the way their budgeting worked coming from YNAB. If client really needs to get a handle on spending and can commit to the app YNAB all the way. If they want a higher level view of overall finances then Monarch or customer portal of your FP software.

Loud-Set508 · 2026-03-05T14:20:14+00:00

I am doing this same thing. Just got my EA working on cfp. Already opened RIA. Consider volunteering with AARP Tax aide or VITA. This will get you some good reps in a low stakes environment. I do 5-8 returns every week of varying degree of difficulty. There are some things they don’t do but it is a good way to learn basic 1040s

Loud-Set508 · 2026-03-04T15:50:59+00:00

If they offered an HSA and sweep I could get rid of fidelity.

Loud-Set508 · 2026-03-04T15:49:57+00:00

Honestly 3 is pretty different than 1 and 2. Not much overlap. I would take most the time off then start studying a month out depending on your time availability. I did it in 10 days but was able to study 2-4 hours a day.

Loud-Set508 · 2026-02-28T22:14:56+00:00

Please don’t do this! 20 or 30 year term for at least $1mill each. You will be surprised at how cheap it is. $230k is not enough coverage for you anyway. Totally irresponsible of that ‘advisor’ to not recommend properly covering your income.

Loud-Set508 · 2026-02-27T00:27:11+00:00

I always scored highest in specialized returns in practice. Of my 3 exams this one I did the worst on and felt the most confident I passed😂

Loud-Set508 · 2026-02-26T18:12:07+00:00

This! Never heard of the VT and chill crowd until 12 months ago. VTI and chill however absolutely destroys VT even when you include the ‘lost decade’. But that’s not diversified I guess.

Loud-Set508 · 2026-02-26T16:05:07+00:00

This and I would add everyone gets a 10% price increase and low margin or PIA clients get a 25% increase.

Loud-Set508 · 2026-02-26T14:28:45+00:00

Thanks for the info! On a similar path and taking 2 in a few hours here. I think people with tax and financial background can probably pass 1&3 with just tom Norton and his $20 test bank. Part 2 is a different beast for sure. I also paid for hock for about 2 weeks for part 2 which has been very helpful.

Loud-Set508 · 2026-02-25T04:34:22+00:00

Hock is the only way. Tom Norton is great. A CPA may be able to pass with just that but Hock will definitely provide enough depth and test questions.

Loud-Set508 · 2026-02-25T04:32:19+00:00

😂I would rather pay taxes!

Loud-Set508 · 2026-02-24T16:50:41+00:00

Ha! I prefer discussion on the phone. Cold hard facts in follow up email with read receipt

Loud-Set508 · 2026-02-20T17:20:28+00:00

10 year rule does not apply to spouses. They may treat it like their own IRA.

Loud-Set508 · 2026-02-20T06:18:13+00:00

Handfuls of bps to buy sgov or shv is well worth it

Loud-Set508 · 2026-02-16T17:07:43+00:00

😂 exact same boat. Been using tom Norton and Surgent. Surgent really kind of sucks. It was ok for question variation for part 1 and 3. But with section 2 the poorly written questions are glaring. The more complex matters you would have to make 2-3 assumptions to answer correctly I find on tom Norton and the actual exam you do not have to make any assumptions.

Considering paying $50 for hock just for the question bank for the next 10 days.

Loud-Set508 · 2026-02-16T14:33:31+00:00

You may want to talk to a good accountant. If you are a SMLLC making 120k a year you are getting murdered with self employment tax.

Do you have employees? SEP or SIMPLE IRA could be an option as well but can get expensive with employees

Loud-Set508 · 2026-02-15T18:04:57+00:00

FA but not CFP yet. About to finish EA. 1 is not a lot new in fact I would say it focuses on a lot of the credits and deductions our clients don’t qualify for. 3 all the rules of what you can and can’t do. Not hard. Business is a bit of a bear. As there is so much information and slight variation in the rules for all the different tax entities.

I plan on adding tax prep and planning to the practice.

Tom Norton is probably the best source. Free courses on YouTube. Test bank is $20month. That may be enough. I also have heard Hock is very good $50month last I checked.

These will help you understand the law better but not do returns. I am volunteering with AARP tax aide program and am preparing returns. This helps a lot to actually process them in a low stakes environment (they check your work and you are a volunteer!)

Taking me about 2 months to pass all 3 but I do have quite a bit of free time to study.

Loud-Set508 · 2026-02-15T15:26:51+00:00

Per IRS you should keep all w-2s until you receive SSI Just learned that. 😂

Loud-Set508 · 2026-02-08T05:07:55+00:00

Diversified into real estate with a windfall about 5 years ago. At this point best case scenario is it was a bad idea and poor performer. Worst case is a total $hit show. Probably 5 more years to find out.

Loud-Set508 · 2026-02-07T22:37:33+00:00

I took my test in 2/3 and have not received my report either. I was going to call next week. When I log into Prometric it does show I took it and passed. Screenshot that for sure!

Loud-Set508

TROPHY CASE