Nationwide Financial

MARCH 13, 2023

By taking a holistic approach to financial planning, you can help your clients manage their debt effectively and work toward building financial security. Here are three things financial professionals can do to help their clients deal with debt management: 1.

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WiserAdvisor

JUNE 4, 2025

At any given moment, people are working towards multiple goals like saving for retirement, managing taxes, buying a home, protecting their family through insurance, or planning for healthcare needs. People want all these goals to work together. What they now want is guidance that is specific to their life, not generic advice.

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WiserAdvisor

DECEMBER 18, 2023

You’ll also need to make a realistic projection of your retirement expenses, considering essential costs like housing, healthcare, and daily living expenses. It is worthwhile to discuss your desired lifestyle, travel plans, healthcare needs, and potential sources of income.

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WiserAdvisor

JULY 3, 2023

Not creating a comprehensive financial plan Financial planning for physicians and healthcare professionals is essential. Not prioritizing debt management Debt management is another reason why financial planning for physicians is necessary. In most cases, healthcare professionals have a lot of unpaid debt.

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WiserAdvisor

MARCH 28, 2024

You can also consolidate high-interest debt into a lower-interest loan or use balance transfers to streamline your repayment efforts and reduce overall interest costs. Additionally, you can consider consulting with a financial advisor or credit counselor to explore debt management strategies tailored to your unique situation.

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WiserAdvisor

APRIL 16, 2025

Many people overlook details like healthcare costs, long-term care, and tax-efficient withdrawal strategies, all of which can significantly impact how much money you have in retirement. A financial advisor will help you consider how this new debt can affect other financial goals, such as saving for retirement, covering utilities, etc.,

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WiserAdvisor

JANUARY 16, 2024

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. Healthcare costs are another substantial component of retirement expenses, averaging $7,030 per year or 13.5%

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