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. Get your estate plan in order. Review your health coverage. Arrange for childcare.

Insurance Coverage 98

Insurance Coverage Budgeting Healthcare Estate Planning 98

Harness Wealth

NOVEMBER 12, 2024

Contribute to a FSA or Health Savings Account If you have a qualifying high-deductible health plan (HDHP), you might consider contributing to a Flexible Spending Account (FSA) or Health Savings Account (HSA). Review Your Estate Planning The end of the year can also be a practical time to take stock of your long-term estate planning.

Tax Planning 52

Tax Planning Taxes Planning Estate Planning 52

NAIFA Advisor Today

FEBRUARY 15, 2023

Ike is highly skilled in analyzing long-term care insurance, Medicare supplement coverage, disability insurance, life insurance, and retirement planning. As a Financial Services Professional for Ike Trotter Agency , he provides healthcare, risk management, and "basic" estate planning solutions to families and small businesses.

Estate Planning 52

Estate Planning Financial Consultant Retirement Planning Financial Services 52

Darrow Wealth Management

MARCH 31, 2023

You’ll also want to consider engaging a financial advisor, tax advisor, and estate planning attorney too. Estate planning is an important part of this, especially if you have young children, so consider setting up a trust. Get a new estate plan. This is a really important step.

Financial Planning 105

Financial Planning Planning Estate Planning Assets 105

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

OCTOBER 11, 2024

Healthcare Open enrollment is an excellent time to reassess your healthcare needs for the upcoming year. Here are a few items to review for your healthcare benefits: Consider if you need to change the type of healthcare plan you will have for the upcoming year.

Healthcare 52

Healthcare Insurance Accounting Planning 52

eMoney Advisor

FEBRUARY 9, 2023

Now that they’re living from their retirement accounts, the financial challenges they face will include sustaining their current lifestyle, not outlasting their savings, and healthcare costs. Fortunately, these are all things you can do efficiently with the support of your technology solution.

Financial Planning 95

Financial Planning Clients Planning Education 95

Clever Girl Finance

AUGUST 19, 2024

Create or revise your estate plan 9. Plan for emergency expenses 11. Create or revise your estate plan While it’s not the most cheerful topic, having an estate plan is crucial when you’re preparing for a baby. If you already have an estate plan, make sure to update it to include your new baby.

Insurance Coverage 100

Insurance Coverage Budgeting Medical Insurance 100

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. The absence of a dedicated healthcare fund can lead to unexpected financial hardships.

Retirement 66

Retirement Retirement Planning Healthcare Estate Planning 66

Yardley Wealth Management

FEBRUARY 1, 2022

How do we plan when we cannot know? The particulars may evolve, but it seems there are always an array of tax breaks to encourage us to save toward our major life goals—such as retirement, healthcare, education, emergency spending, charitable giving, and wealth transfer. You fund your 529 plan(s) with after-tax dollars.

Tax Planning 40

Tax Planning Taxes Planning Healthcare 40

Yardley Wealth Management

FEBRUARY 1, 2022

How do we plan when we cannot know? The particulars may evolve, but it seems there are always an array of tax breaks to encourage us to save toward our major life goals—such as retirement, healthcare, education, emergency spending, charitable giving, and wealth transfer. . Saving for Healthcare Costs (HSAs) .

Tax Planning 40

Tax Planning Taxes Planning Healthcare 40

Yardley Wealth Management

JANUARY 4, 2022

Today, we’ll cover a trio of tools for protecting your interests while you are alive : A financial power of attorney Trusted contact person(s) A healthcare advance directive I. A Healthcare Advance Directive The Basics. Distribute copies to your primary physician and any of your other healthcare providers to keep on file.

Healthcare 52

Healthcare Medical Accounting Wealth Management 52

Yardley Wealth Management

JANUARY 4, 2022

A healthcare advance directive. A Healthcare Advance Directive . Your healthcare advance directive can offer two types of protection: . Your living will provides your life-sustaining and end-of-life medical care instructions, and related healthcare preferences, in case a time comes when you cannot state them for yourself. .

Healthcare 52

Healthcare Medical Accounting Wealth Management 52

MainStreet Financial Planning

MAY 17, 2023

Here are some other considerations: Environment – Rural vs. city, weather, culture, nature, politics, crime, laws Lifestyle – Activities that you enjoy doing or want to do in retirement.

Retirement 98

Retirement Medical Financial Planner Planning 98

MainStreet Financial Planning

MARCH 27, 2024

Research the organization, management and quality of healthcare provided. Do Your Research As you explore CCRCs, you will want to explore your lifestyle preferences and compare available services & amenities. The financial stability of the community as well as the continuity of management are very important.

Retirement 96

Retirement Transportation Planning Healthcare 96

Gen Y Planning

NOVEMBER 5, 2021

Check-In On Your Estate Plan. It’s really easy to put off estate planning. With so many other responsibilities and commitments, your estate plan may not even be on your mind. But proper planning for your children, dependents and loved ones is an important task.

Taxes 75

Taxes Estate Planning Planning Budgeting 75

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. Moreover, strategic retirement planning includes aspects of estate planning, which can have complex tax implications.

Retirement Planning 52

Retirement Planning Retirement Planning Healthcare 52

Yardley Wealth Management

MARCH 1, 2022

You incur significant healthcare costs. The taxable implications of estate planning are extensive, and best addressed with a financial planner and estate planning attorney. Or, if you’re not seeking a higher deduction, this may be a good time to tap tax-free assets in your HSA.

Financial Planning 52

Financial Planning Taxes Planning Tax Planning 52

Yardley Wealth Management

MARCH 1, 2022

You incur significant healthcare costs. . The taxable implications of estate planning are extensive, and best addressed with a financial planner and estate planning attorney. Or, if you’re not seeking a higher deduction, this may be a good time to tap tax-free assets in your HSA.

Financial Planning 52

Financial Planning Taxes Planning Tax Planning 52

Ballast Advisors

SEPTEMBER 5, 2024

Whether it’s supporting education, healthcare, environmental conservation, or cultural initiatives, contributing to meaningful causes can enhance one’s sense of fulfillment and happiness. These trusts offer substantial tax advantages and can play a crucial role in estate planning.

Wealth Management 52

Wealth Management Taxes Charitable Planning Estate Planning 52

Harness Wealth

APRIL 17, 2025

These variables can significantly impact the final deduction amount, necessitating strategic planning to optimize this benefit. For specified service businesses in fields such as healthcare, law, accounting, and financial services, income thresholds introduce phase-outs that may reduce or eliminate the deduction altogether.

Taxes 52

Taxes Tax Planning Professional Services Planning 52

Midstream Marketing

NOVEMBER 6, 2024

Or are you focusing on older people who are concerned about estate planning for retirement or retirement income planning? Retirement Planning: Give tips on how to save for retirement. Explain how to manage your retirement funds and pay for healthcare. Tax Planning: Help clients learn smart tax strategies.

Financial Advisor 52

Financial Advisor Marketing Marketing Media 52

Yardley Wealth Management

FEBRUARY 15, 2022

Part 2: Tax-Wise Investment Techniques In our last piece, we introduced some of the tools of the tax-planning trade. These include tax-sheltered accounts for saving toward retirement, healthcare, and education, as well as tax-efficient tools for charitable giving, emergency spending, and estate planning. It’s one thing to have the tools.

Taxes 52

Taxes Investing Investments Tax Planning 52

Yardley Wealth Management

FEBRUARY 15, 2022

In our last piece, we introduced some of the tools of the tax-planning trade. These include tax-sheltered accounts for saving toward retirement, healthcare, and education, as well as tax-efficient tools for charitable giving, emergency spending, and estate planning. . It’s one thing to have the tools.

Taxes 52

Taxes Investing Investments Tax Planning 52

Gen Y Planning

DECEMBER 5, 2022

Check-In On Your Estate Plan. It’s really easy to put off estate planning. With so many other responsibilities and commitments, your estate plan may not even be on your mind. But proper planning for your children, dependents and loved ones is an important task.

Taxes 59

Taxes Estate Planning Planning Budgeting 59

Harness Wealth

JUNE 9, 2023

To make things even easier, we recommend splitting your goals and needs into three distinct categories: Needs: These are your necessities: housing, food, emergency fund, healthcare, etc. For many, the plan offered by their employer may be sufficient. Estate planning is a crucial part of any comprehensive financial plan.

Financial Planning 52

Financial Planning Planning Financial Planner Wealth Management 52

Ballast Advisors

MAY 8, 2023

She worked for 3M for 38 years, retiring in the healthcare division. Along with Amanda’s husband Abe’s knowledge as an estate planning attorney, they recognized the benefit of early planning. She and her husband, Joe, are married for over 42 years and had one child, Amanda. “We talk to the kids about investments.

Financial Planning 98

Financial Planning Planning Financial Planner Retirement 98

Clever Girl Finance

SEPTEMBER 7, 2023

List your essential needs—housing, groceries, utilities, and healthcare. Healthcare Medical expenses are a critical consideration for every family budget. These goals are all about securing your future. Identify needs vs. wants based on your family values and goals With your goals in sight, it’s time to sort out priorities.

Budgeting 98

Budgeting Transportation Medical Insurance 98

MainStreet Financial Planning

SEPTEMBER 29, 2022

Recently, I’ve been helping two relatives since I’m the family member closest to them with both financial skills and healthcare experience (retired hospital administrator married to a retired nurse). So now I must brush up on my communication skills in addition to my background and experience in helping others in financial planning.

Communication 52

Communication Financial Planning Retirement Healthcare 52

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. Financial advice is not just limited to retirement planning or investing alone. and help you pay it back in a streamlined manner.

Financial Advisor 40

Financial Advisor Asset Allocation Financial Planning Retirement Planning 40

WiserAdvisor

JULY 27, 2023

Consider factors such as healthcare expenses, inflation, and potential changes in lifestyle. Explore Estate Planning: Create or update your will and establish trusts if necessary. Calculate your net worth and determine your monthly surplus or deficit. Assess any pension benefits you may be eligible for.

Retirement Planning 40

Retirement Planning Financial Advisor Retirement Planning 40

WiserAdvisor

JULY 3, 2023

Hence, it becomes essential to follow a rational financial plan that focuses on your short and long-term financial goals and ensures financial security not just in the present but also in the future. Not creating a comprehensive financial plan Financial planning for physicians and healthcare professionals is essential.

Financial Planning 40

Financial Planning Planning Financial Advisor Medical 40

Cornerstone Financial Advisory

MARCH 14, 2025

As a Christian, your estate plan should represent your dedication to financial stewardship according to Scripture. W hat important factors should Christians consider when estate planning? W hat important factors should Christians consider when estate planning?

Estate Planning 52

Estate Planning Planning Healthcare Ethics 52

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. Applying the 80% rule, you should plan on having at least $72,000 annually during your retirement years.

Retirement Planning 40

Retirement Planning Retirement Planning Financial Advisor 40

Harness Wealth

MARCH 11, 2024

Qualified medical expenses and healthcare costs If you itemize deductions on your tax return, you can deduct unreimbursed medical and dental expenses that exceed 7.5% of your adjusted gross income (AGI). This includes a wide range of out-of-pocket expenses, such as doctor visits, prescription medications, and medical equipment.

Startup 59

Startup Taxes Medical Retirement 59

Cornerstone Financial Advisory

FEBRUARY 26, 2025

This includes how we plan and manage our estate. Effective estate planning is an act of financial stewardship. With our estate, we have the immense power to bless others, including our families, children, and charitable organizations we care about. In fact, your estate plan can reflect your deepest held values.

Estate Planning 52

Estate Planning Planning Ethics Distribution 52

The Big Picture

SEPTEMBER 12, 2022

BITTERLY MICHELL: Meaning custodians, of course, like in terms of — of counterparty, but also thinking of like your wealth planning and the structure of your assets, the trusts that are available to you, how you want to think about trust and estate planning. And so, within the U.S., RITHOLTZ: Right.

Clients 299

Clients Wealth Management Banking Investing 299