WiserAdvisor

MARCH 13, 2024

You can effectively fund your healthcare expenses, support dependents and family members, or pursue leisure activities like traveling with a well-structured investment portfolio. A sound investment plan provides the necessary framework to sustain your desired lifestyle and achieve your retirement aspirations.

Retirement Planning 105

Retirement Planning Retirement Planning Estate Planning 105

Advisor Perspectives

FEBRUARY 5, 2024

Clients want help with tax and estate planning, healthcare planning, and much more. Technology-based solutions make it possible to offer this.

Clients 69

Clients Estate Planning Healthcare Taxes 69

Carson Wealth

APRIL 4, 2024

Information you’ll want to document includes: Bank accounts Investments Retirement accounts Estate planning documents (wills, trusts, etc.) I suggest putting together a folio file that you can store somewhere that is both safe and easy to access.

Management 137

Management Healthcare Medical Estate Planning 137

WiserAdvisor

AUGUST 31, 2023

A financial advisor can help you with estate planning and preparing for your legacy goals Life is ever-changing, and estate planning becomes even more crucial during retirement. To ensure your assets are distributed per your wishes, estate planning is essential.

Financial Advisor 90

Financial Advisor Retirement Risk Tolerance Estate Planning 90

Integrity Financial Planning

JUNE 27, 2023

Maintaining Physical and Mental Health This might not be an apparent point at first, but maintaining physical and mental health in retirement can help you reduce one of the largest expenses many people incur as they age: healthcare.

Retirement 98

Retirement Healthcare Financial Planning Estate Planning 98

Nerd's Eye View

FEBRUARY 15, 2023

It’s also important for other parties involved in the owner’s estate plan to be aware of their roles, and to ensure that any funds withdrawn from the HSA are still distributed according to the HSA owner’s wishes.

Distribution 227

Distribution Taxes Medical Accounting 227

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

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 92

Insurance Coverage Healthcare Budgeting Estate Planning 92

Carson Wealth

APRIL 25, 2024

Tax Planning: Optimize tax efficiency through strategies such as retirement contributions, tax-deferred accounts, and deductions and credits. Estate Planning: Draft essential documents such as wills, trusts, and powers of attorney to ensure the orderly transfer of assets. What Could Happen if You Don’t Have a Financial Plan?

Financial Planning 52

Financial Planning Planning Retirement Insurance Coverage 52

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

Darrow Wealth Management

APRIL 25, 2023

In addition to making funeral arrangements and notifying family and friends, another priority is alerting your estate planning attorney and financial advisor. Asset Titling, Beneficiary Elections, and Probate The estate planning attorney is going to be critical here. But not everything needs to get done today.

Estate Planning 73

Estate Planning Taxes Accounting Retirement 73

Your Richest Life

AUGUST 11, 2023

Your estate plan is the comprehensive guide to your wealth and property when you pass away or become incapacitated physically or mentally. it’s important that you update your estate plan to reflect those changes. As a physician, there are a few other areas to pay attention to when you’re working on your estate plan.

Estate Planning 96

Estate Planning Planning Accounting Distribution 96

MainStreet Financial Planning

OCTOBER 3, 2023

What kind of estate planning should single mothers do? Every parent should have a current estate plan which includes: A Will – This describes who is the beneficiary of their assets, an executor who would wrap up their affairs, and most importantly, a guardian who would care for their child if they weren’t around.

Estate Planning 86

Estate Planning Financial Planner Insurance Retirement 86

WiserAdvisor

MAY 3, 2023

What is health or medical financial planning? Health or medical financial planning refers to preparing financially for potential healthcare expenses, both in the short and long term. Health planning is essential irrespective of your current health status. Here are some health factors to consider in your financial plan: 1.

Financial Planning 52

Financial Planning Planning Healthcare Medical 52

Harness Wealth

DECEMBER 8, 2022

If you’ve already maxed out a 401(k) and IRA, you may also wish to explore investing in a health savings account (HSA) provided you have a qualifying high-deductible health plan. Estate planning. The end of the year is a common time to take stock of your long term estate planning. at the federal level.

Tax Planning 52

Tax Planning Taxes Planning Estate Planning 52

Park Place Financial

APRIL 11, 2022

ESTATES 7 Life Events That Require Trust and Will Reviews Schedule a Complimentary Financial Review CLICK HERE TO SCHEDULE. A living trust or a will ensures that your estate is passed to your children, grandchildren, or other beneficiaries. However, you may need to occasionally update this plan during your lifetime.

Estate Planning 40

Estate Planning Planning Assets Retirement Planning 40

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

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

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

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

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

Carson Wealth

JUNE 29, 2022

There were hard feelings — a lot of wondering why her parents had skipped her in their estate planning. . Not talking to your family about your estate plan has the potential to create chaos and make your family feel unprepared. . Your Estate Plan and Picking Powers of Attorney. At the minimum, share: .

Estate Planning 52

Estate Planning Planning Communication Healthcare 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 95

Retirement Medical Financial Planner Planning 95

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

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 52

Retirement Planning Financial Advisor Retirement Planning 52

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

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

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 52

Financial Planning Planning Financial Advisor Medical 52

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 77

Budgeting Transportation Medical Insurance 77

WiserAdvisor

APRIL 12, 2024

This may include topics such as retirement income planning, asset allocation strategies, healthcare costs, long-term care costs, withdrawal strategies, tax minimization, and estate planning considerations.

Financial Advisor 52

Financial Advisor Clients Numbers Management 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. The absence of a dedicated healthcare fund can lead to unexpected financial hardships.

Retirement 66

Retirement Retirement Planning Healthcare Estate Planning 66

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 83

Financial Planning Planning Estate Planning Taxes 83

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). Make an estate plan. An estate plan is a roadmap used by your loved ones to manage your assets after your death. Medical expense savings.

Medical 73

Medical Insurance Estate Planning Accounting 73

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