eMoney Advisor

FEBRUARY 22, 2023

And if they’re unprepared—or worse, if the family estate planning strategies are less than buttoned up—how will that affect your practice down the line? As the quarterback of your clients’ financial team, you can foster harmony among the generations through an age-old tool: The family meeting. Estate Plan Basics.

Estate Planning 75

Estate Planning Planning Education Clients 75

WiserAdvisor

MARCH 13, 2024

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.

Retirement Planning 105

Retirement Planning Retirement Planning Estate Planning 105

eMoney Advisor

FEBRUARY 9, 2023

Of an estimated 104 million households seeking some level of financial advice, 88 million of those households want that advice from a financial professional. In this overview, we will explore the demographics of each stage, the financial planning needs of people in each stage, and strategies for serving them.

Financial Planning 95

Financial Planning Clients Planning Education 95

Harness Wealth

JUNE 9, 2023

Recognizing the need for a financial plan is a significant first step toward the goal of achieving personal financial security. Table of Contents What is a Financial Plan? Table of Contents What is a Financial Plan? Why is Financial Planning so Important?

Financial Planning 52

Financial Planning Planning Financial Planner Wealth Management 52

Integrity Financial Planning

JUNE 27, 2023

The Foundations of Financial Planning Proper financial planning is widely considered the first step to building generational wealth. [1] 1] Retirees should work to evaluate their current financial situation and develop a comprehensive plan in order to achieve their wealth-building goals.

Retirement 98

Retirement Healthcare Financial Planning Estate Planning 98

Park Place Financial

SEPTEMBER 8, 2022

ESTATES Family Estate Planning: The 6 Essentials Schedule a Complimentary Financial Review CLICK HERE TO SCHEDULE. According to one survey, 67% of Americans have no estate plan, which may reflect an aversion to thinking about dying or getting gravely ill. 1) Drafting a Will . 4) Durable Power of Attorney .

Estate Planning 52

Estate Planning Planning Certified Financial Planner Medical 52

WiserAdvisor

MAY 3, 2023

Health and financial planning must go hand in hand to ensure you always have enough savings to tackle the unexpected. From medical expenses to the impact of illness or disability on your ability to earn a living, your health can have a significant effect on your financial well-being. What is health or medical financial planning?

Financial Planning 52

Financial Planning Planning Healthcare Medical 52

WiserAdvisor

AUGUST 31, 2023

A financial advisor can help with maximizing your retirement income through tax planning After retirement, your income sources may become limited to pensions, Social Security benefits, and investment income. A financial advisor can craft tax-efficient withdrawal strategies to minimize the tax burden on your retirement income.

Financial Advisor 90

Financial Advisor Retirement Risk Tolerance Estate Planning 90

MainStreet Financial Planning

JUNE 13, 2023

Plan for out-of-pocket costs for fertility treatments and costs to deliver your baby. Once your new dependent arrives your monthly premiums for healthcare will increase. Plan for family leave from work. Take advantage of tax breaks. Be sure to take advantage of child and dependent care tax credits when filing your taxes.

Insurance Coverage 98

Insurance Coverage Healthcare Budgeting Estate Planning 98

WiserAdvisor

JULY 3, 2023

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. This can lead to poor financial wealth in the long term, inadequate savings, and insufficient investments.

Financial Planning 52

Financial Planning Planning Financial Advisor Medical 52

Pacifica Wealth

FEBRUARY 9, 2022

4) Healthcare POA. The Healthcare POA is different from the other POAs in that the other POAs tend to focus on the management of property and the Healthcare POA grants the attorney-in-fact the ability to make health care decisions on behalf of the principal if he is legally incompetent. How much should it cost?

Estate Planning 52

Estate Planning Planning Healthcare Medical 52

Harness Wealth

DECEMBER 8, 2022

Not only was the stock market fairly volatile, but there were also atypical tax regulation changes. Tax-loss harvesting. Paying taxes on investment gains can be a financial burden, but tax loss harvesting can reduce your bill. A financial advisor can help you identify and set that up.

Tax Planning 52

Tax Planning Taxes Planning Estate Planning 52

Yardley Wealth Management

FEBRUARY 15, 2022

The post Part 2: Tax-Wise Investment Techniques appeared first on Yardley Wealth Management, LLC. Part 2: Tax-Wise Investment Techniques In our last piece, we introduced some of the tools of the tax-planning trade. In other words, your tax-planning techniques matter at least as much as the tools.

Taxes 52

Taxes Investing Investments Tax Planning 52

Yardley Wealth Management

FEBRUARY 15, 2022

The post Part 2: Tax-Wise Investment Techniques appeared first on Yardley Wealth Management, LLC. Part 2: Tax-Wise Investment Techniques. In our last piece, we introduced some of the tools of the tax-planning trade. In other words, your tax-planning techniques matter at least as much as the tools.

Taxes 52

Taxes Investing Investments Tax Planning 52

WiserAdvisor

FEBRUARY 19, 2024

According to the Fidelity Retiree Health Care Cost Estimate, the financial burden of healthcare in retirement is substantial. As a couple aged 65 in 2023, you may need approximately $315,000 saved (after tax) to cover your healthcare expenses. It is easy to focus on accumulating a nest egg for a comfortable future.

Retirement 66

Retirement Retirement Planning Healthcare Estate Planning 66

Darrow Wealth Management

APRIL 25, 2023

Unfortunately, during the grieving process surviving spouses also need to navigate the complex financial issues that arise after the death of their partner. Here’s a financial planning checklist for surviving spouses. Kristin McKenna, CFP® first published an abbreviated version of this article on Forbes.

Estate Planning 73

Estate Planning Taxes Accounting Retirement 73

WiserAdvisor

NOVEMBER 14, 2023

This approach may include a mix of equities, bonds, mutual funds, and real estate, tailored to provide long-term returns that outpace inflation and contribute to a stable financial foundation in retirement. Tax efficiency A savvy retirement strategy also involves optimizing tax implications.

Retirement Planning 52

Retirement Planning Retirement Planning Healthcare 52

Gen Y Planning

DECEMBER 5, 2022

Maxing out your retirement accounts isn’t only a huge bonus for “future you,” but it also provides a significant boost to your current financial situation. Contributions to your 401(k) are pre-tax, meaning that for every dollar you contribute, you actively lower your taxable income. Keep An Eye On Your Taxes. Assess Your Debt.

Taxes 59

Taxes Estate Planning Planning Budgeting 59

WiserAdvisor

OCTOBER 4, 2022

Retirement planning can be a bit complex. There are multiple factors to weigh in, right from healthcare and inflation to estate planning, business succession planning, tax planning, and more. However, the main drawback to this can be the lack of foresight regarding what and how to plan.

Budgeting 102

Budgeting Retirement Healthcare Food 102

MainStreet Financial Planning

MAY 17, 2023

Where You Live Matters My Life Site Senior Living.org Community for Positive Aging The post Exploring Retirement Housing Options appeared first on MainStreet Financial Planning. Check out these websites for resources when starting your own research on your retirement housing options.

Retirement 98

Retirement Medical Financial Planner Planning 98

Gen Y Planning

NOVEMBER 5, 2021

Maxing out your retirement accounts isn’t only a huge bonus for “future you,” but it also provides a significant boost to your current financial situation. Contributions to your 401(k) are pre-tax, meaning that for every dollar you contribute, you actively lower your taxable income. Keep An Eye On Your Taxes. Assess Your Debt.

Taxes 75

Taxes Estate Planning Planning Budgeting 75

WiserAdvisor

JULY 27, 2023

Human financial advisors possess the expertise to consider individual circumstances, emotions, and unique financial situations, thus offering tailored recommendations. Furthermore, ChatGPT may have limitations in reflecting recent policy changes or potential mathematical fallacies that can impact retirement and tax planning strategies.

Retirement Planning 52

Retirement Planning Financial Advisor Retirement Planning 52

The Big Picture

OCTOBER 19, 2022

So there’s the, “Hey, I’ll work with you and we’ll develop goals and a plan how to get there.” They’ll do tax planning, right? We’ll do estate planning and other complex financial planning. I didn’t know you guys have a healthcare calculator. RAMPULLA: Yeah.

Financial Advisor 277

Financial Advisor Clients Taxes Investing 277

Clever Girl Finance

SEPTEMBER 7, 2023

List your essential needs—housing, groceries, utilities, and healthcare. So be proactive by including these special occasions in your financial plan. ” Allocate a specific amount of money each month to this fund so that you’re prepared financially when these events come knocking. Then, consider your wants.

Budgeting 77

Budgeting Transportation Medical Insurance 77

Clever Girl Finance

OCTOBER 13, 2022

In addition to savings accounts, most people can save for medical expenses using one of two healthcare savings accounts : Flexible Spending Account (FSA). Both types of accounts let you save up pre-tax dollars for use on medical expenses. Make an estate plan. Estate plans are also used if you become incapacitated.

Medical 73

Medical Insurance Estate Planning Accounting 73

WiserAdvisor

APRIL 12, 2024

The role of a financial advisor is indispensable in today’s world. These professionals serve as trusted guides, helping individuals understand the intricacies of investment, wealth management, and financial planning to achieve their long-term goals. Firstly, a client’s financial situation can evolve over time.

Financial Advisor 52

Financial Advisor Clients Numbers Management 52

Sara Grillo

APRIL 11, 2022

An hourly financial advisor is someone who provides financial advisor for a set hourly rate. These services often include recommendations on investments, financial planning, retirement, Social Security, Medicare, tax planning, and other wealth-related topics. Hourly financial advisors are not common.

Financial Advisor 52

Financial Advisor Portfolio Clients Management 52