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Top Insights Driving Financial Planning Strategies in 2025

WiserAdvisor

They want a financial strategy that takes every aspect of their life into account, such as their income situation, investment goals, debt, risk appetite, and more. Comprehensive financial planning involves budgeting, investment planning, tax optimization, debt management , insurance coverage, retirement strategy, and even estate planning.

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6 Reasons Why a Financial Advisor May be Right for You

WiserAdvisor

Planning for retirement is one of the biggest financial challenges you will ever face, and a financial advisor can help you adopt a strategy that can take you to your goals, mitigate risk, and adapt to the changes that will inevitably come your way. Retirement planning can be a long-term journey, and a lot can change along the way.

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6 Financial Planning Mistakes Physicians Make

WiserAdvisor

Managing and optimizing this income can be complex. It can require a deep understanding of personal finance, investment strategies, tax implications, and more. A financial advisor can help you understand the intricacies of financial planning for physicians. In most cases, healthcare professionals have a lot of unpaid debt.

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Retirement Planning Tips: How Much an Average Person 65 and Older Spends Every Month

WiserAdvisor

This percentage accounts for the likelihood that some pre-retirement expenses, such as commuting to the office and socializing, may decrease while others, such as travel and additional healthcare costs, may increase. Applying the 80% rule, you should plan on having at least $72,000 annually during your retirement years.

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4 Pitfalls of Not Having a Financial Plan

Carson Wealth

Once you have your goals set, you can build your plan with any combination of the following elements: Budgeting and expense management: Create a detailed budget outlining income, expenses, and savings targets. Debt management: Develop a strategy to pay off existing debts efficiently, minimizing interest costs.