Estate Planning, Financial Planning, Insurance Coverage and Taxes

4 Pitfalls of Not Having a Financial Plan

Carson Wealth

APRIL 25, 2024

There are some things in life you just can’t plan for: an unexpected illness, job loss, death of spouse, disability. And while experiencing one of these major events can drastically impact your life, having an effective financial plan can help ensure that it doesn’t ruin your financial well-being.

Financial Planning

Financial Planning Planning Retirement Insurance Coverage

What High-Net-Worth Prospects (Really) Want From A Financial Advisor

Nerd's Eye View

JANUARY 22, 2024

For example, an advisor may think of "risk management" in terms of life and property insurance coverage, whereas HNW clients may instead think of tax and estate-planning strategies as asset protection measures – particularly for the future wealth of their heirs.

Financial Advisor

Financial Advisor Insurance Coverage Charitable Planning Estate Planning

Financial Planning That Helps Clients Weather Disasters

eMoney Advisor

DECEMBER 6, 2022

Billion-dollar disasters, inflation, and increased building costs mean a perfect storm is brewing for financial planners’ risk management strategies. Insurance in Financial Planning. The CFP® Board includes risk management and insurance in its financial planning principal knowledge topics for a good reason.

Financial Planning

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Elevating Accounting Practices: The Power of Outsourcing and Automation in the Digital Age

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Serving Clients at All Stages of the Financial Planning Lifecycle Effectively and Efficiently

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

Financial Planning Clients Planning Education

11 Financial Tips for Starting a Family

MainStreet Financial Planning

JUNE 13, 2023

Update your life and disability insurance. Now more than ever you want to have appropriate life and disability insurance coverage, so if something unexpected happens your family will be OK. Take advantage of tax breaks. Be sure to take advantage of child and dependent care tax credits when filing your taxes.

Insurance Coverage

Insurance Coverage Healthcare Budgeting Estate Planning

The 5 Pillars of Retirement Planning You Should Be Aware of

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

Retirement Planning Retirement Planning Estate Planning

6 Financial Planning Mistakes Physicians Make

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

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How Your Health Should Factor Into Your Financial Planning

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

Financial Planning Planning Healthcare Medical

Year-End Financial Checklist

Walkner Condon Financial Advisors

NOVEMBER 11, 2022

Bear in mind that IRA accounts do have income restrictions so it is important to work with your financial advisor or tax preparer to determine if you are eligible to contribute in 2022. Assuming you are eligible, these accounts can be quite tax advantageous for your overall financial situation. 529 College Savings Plans.

Insurance Coverage

Insurance Coverage Retirement Planning Financial Advisor Taxes

The Money Tasks You’re Avoiding And How To Make Progress (Part 1)

Workable Wealth

NOVEMBER 11, 2020

But building a balanced meal plan takes more time and effort to accomplish. The same is true for a healthy financial plan. Not every financial planning task is exciting and groundbreaking, but each step secures your goals and vision for the future. Your coverage level is unique to you and your situation.

Estate Planning

Estate Planning Insurance Financial Planning Planning

The Battle of Advice: ChatGPT vs. a Financial Advisor on Retirement Planning

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

Retirement Planning Financial Advisor Retirement Planning

6 Financial New Year’s Resolutions for 2023

WiserAdvisor

JANUARY 10, 2023

New Year’s financial resolutions vary based on one’s financial situation and future goals, and can be anything from getting your finances in order, saving more for retirement, improving your credit score, to building an emergency fund, paying off your debts, creating an estate plan, and more.

Estate Planning

Estate Planning Retirement Financial Advisor Budgeting

Why do Physicians Need Financial Advisors and How to Find Them

WiserAdvisor

DECEMBER 1, 2023

This article will shed light on why physicians particularly need financial advisors to navigate the financial intricacies of their lives. This can lead to financial instability in the long run. It also puts physicians in the upper slabs of federal tax brackets. A higher income does not only lead to more spending.

Financial Advisor

Financial Advisor Medical Insurance Education

Protecting What’s Yours (After You Pass)

Yardley Wealth Management

JANUARY 18, 2022

Protecting What’s Yours (After You Pass) In our last piece, we emphasized the importance of estate planning as the greatest gift you can bequeath to your loved ones, to reduce their painful stress load during an already stressful time. What if you die intestate (without a will)? How Can We Help?

Estate Planning

Estate Planning Planning Retirement Planning Assets

Protecting What’s Yours (After You Pass)

Yardley Wealth Management

JANUARY 18, 2022

In our last piece, we emphasized the importance of estate planning as the greatest gift you can bequeath to your loved ones, to reduce their painful stress load during an already stressful time. If you’ve been putting off your estate planning, taking the initial steps can be daunting—but liberating. How Can We Help? .

Estate Planning

Estate Planning Planning Retirement Planning Assets

Sound Strategies for Crafting Your Retirement Investment Portfolio

Fortune Financial

SEPTEMBER 29, 2022

At Fortune Financial, we stress the importance of incorporating Health Savings Accounts (HSAs) into our financial planning. Here’s a quick example of why an HSA is more valuable than a pre-tax IRA for medical expenses. Calculating After-Tax Rate of Investment Returns. Stay on Top of Estate Planning.

Retirement

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12 Steps To Creating A Solid Financial Plan For Yourself

Clever Girl Finance

MARCH 19, 2024

No one cares more about your financial well-being than you, so having a personal financial plan is important. Knowing how to make a financial plan will allow you to save money, afford the things you want, and achieve long-term goals like saving for college and retirement. Table of contents What is a financial plan?

Financial Planning

Financial Planning Planning Budgeting Insurance

Ten Steps To Creating A Solid Financial Plan For Yourself

Clever Girl Finance

DECEMBER 1, 2022

No one cares about your financial well-being more than you, so it's important to have a financial plan for yourself. Knowing how to make a financial plan will allow you to save money, afford the things you really want, and achieve long-term goals like saving for college and retirement. What is a financial plan?

Financial Planning

Financial Planning Planning Budgeting Insurance

How Will My Financial Plan Change Over the Course of My Life?

Carson Wealth

JANUARY 4, 2024

If you have student, personal or car loans, credit card debt or a mortgage, you need to have a plan on how to pay them off – and which ones to tackle first. While from a behavioral standpoint some suggest you should tackle low balance accounts first, a financial planning approach suggests you tackle high interest rate debt first.

Financial Planning

Financial Planning Planning Retirement Estate Planning

REWORK: The Importance Of Life Insurance For Your Finances

Clever Girl Finance

JANUARY 4, 2024

Builds generational wealth Yup, life insurance is one way in which people transfer their legacies and create generational wealth. Having life insurance is a foundational element when learning how to make a financial plan. So, a life insurance policy can be a major asset to pass on to your children or other dependents.

Insurance

Insurance Retirement Taxes Medical

The Importance Of Life Insurance For Your Finances

Clever Girl Finance

JANUARY 4, 2024

Builds generational wealth Yup, life insurance is one way in which people transfer their legacies and create generational wealth. Having life insurance is a foundational element when learning how to make a financial plan. So, a life insurance policy can be a major asset to pass on to your children or other dependents.

Insurance

Insurance Retirement Taxes Medical

7 Types Of Financial Emergencies And How To Be Prepared

Clever Girl Finance

OCTOBER 13, 2022

There are tons of different types of insurance to help protect your financial situation, including: Health insurance. Property insurance. Life insurance. Disability income insurance. Pet insurance. Business insurance. You pay the first $50, and your insurance covers the remaining $100.

Medical

Medical Insurance Estate Planning Accounting

Financial Advisor Source

4 Pitfalls of Not Having a Financial Plan

What High-Net-Worth Prospects (Really) Want From A Financial Advisor

Webinars

Trending Sources

Financial Planning That Helps Clients Weather Disasters

Webinars

Serving Clients at All Stages of the Financial Planning Lifecycle Effectively and Efficiently

11 Financial Tips for Starting a Family

The 5 Pillars of Retirement Planning You Should Be Aware of

6 Financial Planning Mistakes Physicians Make

How Your Health Should Factor Into Your Financial Planning

Year-End Financial Checklist

The Money Tasks You’re Avoiding And How To Make Progress (Part 1)

The Battle of Advice: ChatGPT vs. a Financial Advisor on Retirement Planning

6 Financial New Year’s Resolutions for 2023

Why do Physicians Need Financial Advisors and How to Find Them

Protecting What’s Yours (After You Pass)

Protecting What’s Yours (After You Pass)

Sound Strategies for Crafting Your Retirement Investment Portfolio

12 Steps To Creating A Solid Financial Plan For Yourself

Ten Steps To Creating A Solid Financial Plan For Yourself

How Will My Financial Plan Change Over the Course of My Life?

REWORK: The Importance Of Life Insurance For Your Finances

The Importance Of Life Insurance For Your Finances

7 Types Of Financial Emergencies And How To Be Prepared

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