Remove Budgeting Remove Healthcare Remove Investing
article thumbnail

The Role of Financial Advisors in Managing Healthcare Expenses

WiserAdvisor

Healthcare costs are rising at a pace that demands attention, particularly for individuals nearing retirement. Without proper planning, healthcare expenses can quickly consume a significant portion of retirement savings. Healthcare financial advisors are invaluable in helping individuals tackle this complexity.

article thumbnail

7 Steps to Define and Align Your Money Values for Success

Clever Girl Finance

They represent your “why” when it comes to financial decisions why you save, spend, invest, or give the way you do. Your money values influence the decisions you make about budgeting, saving, investing, and even giving. If you value integrity, shift your portfolio toward ethical investments.

Ethics 98
Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

Healthcare Costs Can Shock Retirees

MainStreet Financial Planning

A 2024 study of potential retirees funded by Fidelity Investments found that they were retiring four years before they planned. Spend a huge amount of their savings on healthcare premiums and deductibles/co-payments? Latest estimates for retiree healthcare expenses exceed $243,000 over a retiree couple’s lifetime.

article thumbnail

Securing Your Legacy: Financial Planning Tips for Your Children’s Future

Yardley Wealth Management

Invest in Education Savings Education is one of the most powerful investments you can make in your child’s future. Work with an estate planning attorney to develop a comprehensive plan that includes a will, powers of attorney, trusts, and healthcare directives.

article thumbnail

At The Money: How to Spend Your Money in Retirement

The Big Picture

After decades of working, saving, and investing, pivoting to spending down your accumulated wealth can be surprisingly difficult. She’s published numerous books on money investing and retirement. Um, hobbies, legacy, philanthropy or charitable goals to say nothing of future healthcare needs.

article thumbnail

Avoid Making These Mistakes to Safeguard Your Wealth

WiserAdvisor

In this article, we’ll walk through some of the most common investment mistakes retirees make. By spreading your investments across different asset classes like stocks, bonds, real estate, and alternatives, you reduce the impact of any one market struggling. Those who stayed invested came out ahead. The good news?

article thumbnail

15 Recession-Proof Businesses That Thrive in Any Economy

Clever Girl Finance

These are businesses that meet everyday needs, provide essential services, or deliver comfort and value when people are tightening their budgets. These include sectors like healthcare, food, repair services, and childcare. These businesses typically operate in industries like healthcare, food, repair services, and personal care.

Economy 68