ClaroConnect is Helping Investors Find a Financial Advisor or Financial Planner to Deal with Several Investment and Tax Changes during 2010

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With important changes coming up for IRA conversions, income taxes, capital gains and estate taxes, 2010 is an important year for individual investors to review their financial planning. provides a free, unbiased tool for individuals to find a financial advisor who can help them navigate these changes in 2010.

What is special for investors about 2010?

There are several events in 2010 regarding tax and legal changes that are important for investors. These changes present investors with some big and complex decisions to make during the year, which means many investors should seek the help of a financial advisor or financial planner to provide guidance. is matching investors to advisors for guidance in 2010 on the following investment decisions.

The 2010 Roth IRA conversion opportunity

Previously, there was an income limit which prevented many people from converting a regular IRA to a Roth IRA. In 2010, the income limit is removed, allowing more people to explore a conversion to a Roth IRA. A conversion means that an individual would pay regular income taxes on the amount converted, but then the Roth IRA would grow tax free and withdrawals in retirement would be tax-free. A financial advisor can help individuals calculate whether a 2010 Roth IRA conversion is the best choice for them. The scenarios are complex, and many state tax laws vary on the conversion, so it is important for investors to find a financial advisor or planner who can help them decide.

Higher taxes coming in 2011

Another important issue is that 2010 is the last year for our current income, capital gains and dividend tax rates. Government rules raise taxes dramatically in 2011 on all these types of income. Investors should talk to their financial advisor and accountant to make sure they take advantage of the rates in 2010 before they increase. This may mean it is advantageous to move income from 2011 into 2010's lower tax rate, as well as push deductions into 2011 when they will be worth more against the higher tax rates that year. Investors should also consider taking capital gains on investments during 2010, before the rate increases.

Estate tax changes in 2010 and beyond

By law, the federal estate tax disappears in 2010, meaning that individuals who pass away in 2010 should be able to leave their own assets to their heirs without the government taking away half or more. However, leaders in Congress don't want any tax to ever disappear and have promised to pass legislation during 2010 to bring back the tax and make it retroactive to the beginning of the year. This means the government will be changing the rules of the game after the fact, making estate planning extremely complicated and uncertain. Either way, the estate tax returns under current law in 2011 at a higher rate and lower limit than 2009. A financial advisor can help insure that your estate plan accomplishes your goals, as close as possible, no matter what year it is.

Why should investors find a financial advisor or financial planner to help?

Given the above changes, the year 2010 poses more of a challenge to investors than normal. 2010 Roth IRA conversions, taxes and estate planning are complicated subjects which require looking at your entire financial planning picture in order to make the best choices. A financial advisor can incorporate your current financial plan, or help you put one together, to help you decide what actions to take.

How do you find the right financial advisor? was created specifically to help individuals find a better match to the right financial advisor for their needs. Investors can search financial advisors, Certified Financial Plannerâ„¢ (CFP) professionals and investment advisors, to screen for criteria like location, qualifications and fees. Investors can then read profiles of matching financial advisors to learn more about the advisor's background, business and specialties and then contact the advisor or advisors they want to talk to.

About ClaroConnect

ClaroConnect is a leading online site for individuals to find a financial advisor or financial planner. For financial advisors and planners, ClaroConnect provides Internet marketing and actual client leads. ClaroConnect has seen over $50 million in client accounts use its website to contact or request a new financial advisor during 2009.

Mel Marten, CFA is the President and Founder of ClaroConnect. With over 15 years of experience in both the investment industry and Internet start-ups, Marten has been featured on CNBC, CNN, the Wall Street Journal and many other publications and is an expert on marketing and business practices for financial and investment firms.


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