WiserAdvisor

JANUARY 3, 2024

Moreover, not only can 401(k)s be used in retirement, but they can also play a crucial role in estate planning. For instance, consider pharmaceuticals, technology, energy, information technology, artificial intelligence, food, and more. It also removes human errors and the chance of missing out on contributions.

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WiserAdvisor

JANUARY 16, 2024

Further, retirees, on average, allocate 25% of their monthly spending toward food expenses. To manage this portion of your budget effectively, plan your meals, explore cost-effective grocery options, and consider cooking at home. Beyond retirement, 401(k) plans can play a crucial role in estate planning, too.

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Retirement Planning Retirement Planning Risk Tolerance 40

WiserAdvisor

MAY 3, 2023

While some employers provide disability insurance coverage, it may not be enough to cover all expenses. A personal disability insurance policy can supplement the coverage provided by an employer. Invest in long-term care insurance It is projected that by 2040, about one in five Americans will be 65 or older.

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Financial Planning Planning Medical Healthcare 40