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What You learn in Risk Analysis Under CFP Certification

International College of Financial Planning

Here are some of the key things you learn in risk analysis under CFP certification. Identification of life, medical, householders, auto and other property and liability risk exposures. Medical insurance. Communication is also an important part of the certification process in financial planning. Insurance of business risk.

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How Long to Keep Important Financial Records

MazumaBusinessAccounting

Remember, the IRS recommends keeping tax-related documents for at least six years. Some documentation has no expiration date, such as birth certificates and social security cards. Keep vital personal documents, like birth certificates, passports, marriage certificates, etc., Why should you keep some items permanently?

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The 5 Pillars of Retirement Planning You Should Be Aware of

WiserAdvisor

Investment planning also plays a crucial role in tax optimization, enabling you to minimize tax liabilities and maximize after-tax returns. Additionally, tax-loss harvesting, and other tax-optimization strategies can further improve the tax efficiency of your investment portfolio, thereby enhancing overall returns.

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Financial Planning Tips For Advisors with Special Needs Clients

BlueMind

Disability Tax Credit (DTC) The Disability Tax Credit was introduced by the federal government in 1988 due to the fact that a broader definition of disability became necessary and relief was required for the handicapped and those suffering from mental illnesses as well.

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Why do Physicians Need Financial Advisors and How to Find Them

WiserAdvisor

Financial advisors for medical professionals can offer a tailored approach to managing unique financial landscapes. However, physicians are often consumed by the demands of a rigorous medical career, and as a result, they can easily overlook this essential step. It also puts physicians in the upper slabs of federal tax brackets.

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Financial Record Keeping: How Long To Keep Financial Records?

Clever Girl Finance

Birth certificates / Adoption paperwork. Death Certificates. Marriage Certificates. Marriage certificates are usually needed for the Social Security Administration status and/or name change, driver license name change, mortgage loans, life insurance, health insurance, etc. Property tax records. Divorce decrees.

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What To Do When A Loved One Dies: Financial Questions Answered

Clever Girl Finance

Do beneficiaries pay taxes on 401k inheritance? How to handle estate and legal matters after a death If your loved one had a medical condition or was on hospice, you may already have their estate planning documents—such as a will—in your possession. Most experts recommend getting 10 to 20 copies of the death certificate.