Cornerstone Financial Advisory

MARCH 11, 2024

For example, life insurance proceeds are usually not taxable to the beneficiary unless you redeem a life insurance policy for cash. Markets Wobble Stocks had a rough start to the week, with the Dow, S&P 500, and Nasdaq each off more than one percent on Tuesday alone. 4,5 Source: YCharts.com, March 9, 2024.

Marketing 77

Marketing Marketing Insurance Taxes 77

Clever Girl Finance

APRIL 29, 2024

And everyone can likely make a long list of bad financial decisions they have made. Though we all have some money regrets, the important thing is that we acknowledge it and take steps to improve our finances! Not only do we earn less than men , but we spend more time out of the workforce having and raising children.

Budgeting 64

Budgeting Planning Accounting Investing 64

Nerd's Eye View

SEPTEMBER 19, 2022

Early on, the ‘financial plan’ was primarily used as a way to demonstrate a prospective client’s ‘gaps’ and needs for products such as mutual funds or life insurance (which the advisor would then be ready to sell to the client). What’s notable, however, is that the most ‘productive’ (i.e.,

Financial Planner 180

Financial Planner Certified Financial Planner Financial Planning CFP 180

Walkner Condon Financial Advisors

JUNE 27, 2023

As it turned out, financial planning is where I felt I could have the most impact. That doesn’t mean that I don’t have them! Health insurance. Your former employer may have been the source of procuring your health insurance (and dental, vision, etc.). In many cases job loss happens unexpectedly. Emotional support.

Insurance 52

Insurance Insurance Coverage Compensation Planning Financial Advisor 52

Walkner Condon Financial Advisors

JUNE 27, 2023

As it turned out, financial planning is where I felt I could have the most impact. That doesn’t mean that I don’t have them! Health insurance. Your former employer may have been the source of procuring your health insurance (and dental, vision, etc.). In many cases job loss happens unexpectedly. Emotional support.

Insurance 52

Insurance Insurance Coverage Compensation Planning Financial Advisor 52

Carson Wealth

NOVEMBER 5, 2022

But estate planning is so much more than terminal actions – it helps set a stage for a rich life while protecting against unnecessary taxes and family feuds. . Anyone with dependents, retirement accounts, life insurance or real property. In your 20s, estate planning is about mapping the “what-ifs” of life.

Estate Planning 52

Estate Planning Planning Retirement Planning Financial Planner 52

WiserAdvisor

DECEMBER 1, 2023

Physicians have demanding careers, complex income streams, a bustling lifestyle, and often substantial debts acquired during their years of rigorous education. This oversight can have far-reaching consequences and lead to overspending, misguided perceptions of financial security, and minimal preparation for future goals.

Financial Advisor 59

Financial Advisor Medical Insurance Education 59

James Hendries

DECEMBER 11, 2022

Tax Planning – Have necessary steps been taken toward filing required business and individual tax returns, so they get filed on time? The type of business will determine the tax consequence. Understanding the value of Life Insurance –. Cybersecurity is a way of life now. Income Tax. Excise Tax. Tax Changes.

Planning 52

Planning Taxes Insurance Accounting 52

Cornerstone Financial Advisory

JUNE 12, 2023

Better Breadth One investor concern has been that a handful of mega-cap stocks have driven recent market returns. Presented by Cornerstone Financial Advisory, LLC A late-week rally sent stocks into positive territory, with the S&P 500 index closing just shy of the 4,300 mark. The Nasdaq Composite index improved 0.14% for the week.

Marketing 59

Marketing Marketing Insurance Taxes 59

BlueMind

NOVEMBER 24, 2022

Consequently, HNW clients usually have more than one wealth management advisor handling all of their financial concerns, be it handling their investment goals, personal liability insurance, estate taxes, or managing overseas assets. Category: Client Relations. The advantages of or preferring an RIA are many.

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Clients Insurance Financial Advisor Assets 98

Park Place Financial

SEPTEMBER 8, 2022

According to one survey, 67% of Americans have no estate plan, which may reflect an aversion to thinking about dying or getting gravely ill. However, neglecting estate planning may lead to significant consequences in the long run, especially for those with families. 1) Drafting a Will . 1) Drafting a Will . 3) Establishing a Trust .

Estate Planning 52

Estate Planning Planning Certified Financial Planner Medical 52

WiserAdvisor

AUGUST 2, 2022

Life insurance. When investing in an IRA, you cannot place life insurance inside the account. This includes all types of life insurance, such as universal, term, and whole life policies. Assume you purchase a whole life policy inside your IRA. without incurring a penalty. Derivative positions.

Investing 52

Investing Investments Retirement Insurance 52

WiserAdvisor

MARCH 13, 2024

A financial advisor can help you understand the five pillars of retirement planning to ensure you stay a step ahead when planning for the later years of your life. Without a solid plan, you risk drifting without direction. When aiming for financial independence, the importance of a structured approach should be emphasized.

Retirement Planning 105

Retirement Planning Retirement Planning Estate Planning 105

Nationwide Financial

AUGUST 16, 2022

A 2021 Gallup poll showed that 64% of American adults working with a financial advisor have never discussed their estate plans with that advisor. Educating your clients on why they need an estate plan is a crucial step in helping them realize the importance of having a legacy planning discussion. The importance of an estate plan.

Planning 52

Planning Estate Planning Clients Insurance 52

Sara Grillo

AUGUST 14, 2023

I have a newsletter in which I talk about financial advisor lead generation topics which is best described as “fun and irreverent.” It impacts our reputation (and right now, we have a bad one) as industry and in a broader sense it influences the civility of society. Is it, “meh, who cares”, or does it make a true difference?

Financial Advisor 52

Financial Advisor Fiduciary Duty Insurance Financial Advice 52

Nationwide Financial

AUGUST 24, 2022

In addition, it will help prevent the unfortunate circumstance of a surprise bill for a service that a Medicare beneficiary may have mistakenly thought was covered. Unlike Parts A and B of Original Medicare, Part D is provided by private insurers and not the federal government. Discovering What’s Covered. Medicare Part B.

Healthcare 52

Healthcare Medical Insurance Planning 52

Nationwide Financial

AUGUST 15, 2022

2 Often, this is the first time that many Baby Boomers realize that decisions around Medicare aren’t just medical decisions; Medicare decisions also have significant financial implications. If this is the case, they will have a second chance to enroll during a “special enrollment period,” or SEP. When do I enroll in Medicare?

Clients 105

Clients Medical Planning Healthcare 105

James Hendries

FEBRUARY 23, 2023

If you’re a business owner, you are likely the Chief Everything Officer at work and have many responsibilities. The transfer may result in tax consequences depending on the estate’s value. A business owner’s situation is unique since they are asset-rich and cash-poor since their wealth is in their business-literally.

Financial Planning 40

Financial Planning Planning Estate Planning Insurance 40

Clever Girl Finance

MAY 10, 2023

Table of contents How does inflation impact daily life and how is it measured? How does inflation impact daily life and how is it measured? Gas, airline fares, coffee, haircuts, insurance, and prescription medication are all part of the CPI too. But there is more than just the negative effect of inflation. How does it all work?

Accounting 59

Accounting Medical Banking Budgeting 59

WiserAdvisor

JANUARY 3, 2024

Starting your journey of saving for retirement is a pivotal financial goal. There is a vast pool of financial advice about how you can reach this goal. But the one thing that remains constant in this advice is that investing is essential to secure a comfortable retirement. Employers may match a percentage of your contributions.

Retirement 52

Retirement Portfolio Investing Investments 52

Clever Girl Finance

DECEMBER 16, 2023

It’s one of those terms that a lot of people have heard, but not as many can explain. Whether you’re the writer or depositor of a bounced check, it can have impacts on your finances. Whether you’re the writer or depositor of a bounced check, it can have impacts on your finances. What is a bounced check?

Accounting 87

Accounting Banking Budgeting Planning 87

Nationwide Financial

SEPTEMBER 8, 2022

Please note that all guarantees and protections are subject to the claims paying ability of the issuing insurance company and that living benefits are optional riders that are available at an additional cost. Certain types of living benefit riders, commonly called withdrawal benefits, do not require annuitization. NONQUALIFIED ANNUITIES.

Clients 59

Clients Distribution Taxes Retirement 59

WiserAdvisor

JUNE 6, 2023

A financial advisor can help these individuals employ tailored strategies to maintain control over their assets, mitigate tax consequences, provide for their loved ones, and more. Business successions have been the cause of major family feuds and business failures. This makes asset protection a significant concern.

Estate Planning 52

Estate Planning Planning Taxes Financial Advisor 52

Cornerstone Financial Advisory

NOVEMBER 6, 2023

These paycheck checkups are a great practice when something happens in your life that may change your tax status, such as getting married or getting divorced, having a baby, getting a new job, or getting a raise or promotion at work. The MSCI EAFE index, which tracks developed overseas stock markets, gained 3.12%.

Marketing 100

Marketing Marketing Taxes Economics 100

Nationwide Financial

JANUARY 31, 2023

Legacy planning, as we’ve previously discussed , is a broader topic and includes things like retirement accounts, life insurance, and jointly owned property. The first question some clients will have is, what if I die without a will? The risk is that the court will appoint someone other than the person you would have chosen.

Clients 52

Clients Planning Estate Planning Distribution 52

Carson Wealth

JULY 6, 2023

There are two key goals: You want to ensure a seamless transition that will preserve the legacy you have worked so tirelessly to build, and you also need the sale to achieve sufficient income for you to have the independence you crave in retirement. That’s not to say you won’t be inspired and engaged as an owner.

Planning 52

Planning Valuation Financial Advisor Taxes 52

Brown Advisory

FEBRUARY 23, 2021

One of the things I have become increasingly sure of over the past few years is that I have no ability to predict the future. This even applies to things we think we have a fair degree of control over—like the direction of our own life. And just like that life changed forever. The Timeline of a U.S. As a non-U.K.

Taxes 52

Taxes Assets Investment Planning Planning 52

Brown Advisory

FEBRUARY 23, 2021

One of the things I have become increasingly sure of over the past few years is that I have no ability to predict the future. This even applies to things we think we have a fair degree of control over—like the direction of our own life. And just like that life changed forever. The Timeline of a U.S. As a non-U.K.

Taxes 52

Taxes Assets Investment Planning Planning 52

James Hendries

OCTOBER 28, 2022

However, it’s essential to plan for generational wealth transfer by ensuring all these crucial actions have been completed: Established a Trust document- If you don’t have a trust document, your family may need to go through probate, a tedious court process to transfer your assets retroactively, which can be expensive and public.

Planning 52

Planning Taxes Estate Planning Consulting 52

James Hendries

SEPTEMBER 20, 2022

Although there are a number of ways to accomplish a shifting of income, the following methods are most popular: employing family members, family partnerships, interest-free and below-market loans, gifting, sale- or gift-leaseback, trusts, and life insurance/annuities. Income shifting can be a valuable tool for self-employed persons.

Tax Planning 52

Tax Planning Taxes Planning Accounting 52

Good Financial Cents

AUGUST 25, 2022

If you need to borrow money but your credit score is lower than it should be, you will probably have to apply for a bad credit loan. This type of loan is geared toward individuals who may have made mistakes with their credit in the past, and they typically come with higher interest rates and loan fees as a result. 9.95% to 35.99%.

Insurance 89

Insurance Budgeting Planning Education 89

Clever Girl Finance

OCTOBER 16, 2023

We have put together a great list of personal finance books to help you get the knowledge you need. In addition to providing helpful information, many books offer real-life insights and guidance from finance professionals. Bola is a self-made money expert and finance influencer who shares real-world examples from her own life.

Budgeting 80

Budgeting Management Retirement Investing 80

Nationwide Financial

JULY 15, 2022

The COVID-19 pandemic didn’t have an impact only on people’s physical health; it also created a mental health crisis. While the virus itself might have had a greater impact on the physical health of older people, no age group was immune from the consequences that living through a pandemic had on their mental health.

Planning 52

Planning Numbers Clients Management 52

Cornerstone Financial Advisory

AUGUST 21, 2023

The strong spending data, supported by a robust labor market, also may have placed the Fed in a more difficult position in trying to bring inflation down to its target rate without more rate hikes. Sales of autos and electronics fell, a possible consequence of higher borrowing costs. banks by Fitch, a credit-rating agency.

Marketing 52

Marketing Marketing Economics Taxes 52

Clever Girl Finance

SEPTEMBER 19, 2023

But it gets easier when you know the benefits of spending less and have a game plan for the future! Meanwhile, as shopping sites such as Amazon continue to dominate, the opportunities to spend have gotten increasingly attractive, even as we wonder how to stop spending money. Table of contents Why do people over spend?

Budgeting 79

Budgeting Food Accounting Planning 79

WiserAdvisor

JULY 3, 2023

Physicians often have complex income structures that may include a combination of salary, bonuses, and income from private practice, as well as the hospitals they work for. Many physicians do not have a budget to help them plan their finances for every month. Managing and optimizing this income can be complex.

Financial Planning 52

Financial Planning Planning Financial Advisor Medical 52

Brown Advisory

SEPTEMBER 19, 2023

Importance of Business Resilience in Portfolio Construction bgregorio Tue, 09/19/2023 - 05:12 Only Time Will Tell While the old adage “only time will tell” generally refers to a future outcome, it reflects our belief that a truly enduring investment must have proven to be resilient under a variety of macroeconomic circumstances.

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Portfolio Financial Services Investing Investments 52