WiserAdvisor

NOVEMBER 14, 2023

Retirement planning is an essential aspect of financial security, especially as one transitions from a phase of regular income to relying on savings and investments. The concept of retirement has undergone a significant transformation in recent times. Traditional retirement plans often rely heavily on pension schemes.

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Carson Wealth

APRIL 25, 2024

Retirement planning: Calculate retirement needs and contribute regularly to retirement accounts. Tax Planning: Optimize tax efficiency through strategies such as retirement contributions, tax-deferred accounts, and deductions and credits. What Could Happen if You Don’t Have a Financial Plan?

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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.

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Budgeting Retirement Healthcare Food 102

Carson Wealth

APRIL 4, 2024

Information you’ll want to document includes: Bank accounts Investments Retirement accounts Estate planning documents (wills, trusts, etc.) 1 Wells Fargo & Company, “Survey: Financial Planning & Preparedness of Americans with Parents Entering Retirement,” 2022.

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Management Healthcare Medical Estate Planning 137

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for other parties involved in the owner’s estate plan to be aware of their roles, and to ensure that any funds withdrawn from the HSA are still distributed according to the HSA owner’s wishes.

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MainStreet Financial Planning

MAY 10, 2024

Legal Concerns and Estate Plans – Do you have a current Estate Plan? Are your Advance Care Plans in place and written down and current? Healthcare Needs and Management – Who helps you navigate day-to-day healthcare? What is your plan as your needs change?

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Planning Estate Planning Healthcare Medical 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.

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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. Open a 529 plan and begin contributing as soon as you can. Get your estate plan in order.

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WiserAdvisor

JULY 27, 2023

This advanced language processing technology has also greatly impacted the financial advisory sector, prompting a critical question: Can ChatGPT replace human financial advisors in retirement planning? Personalized guidance, empathy, and a deep contextual understanding are integral to effective retirement planning.

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Retirement Planning Financial Advisor Retirement Planning 52

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.

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MainStreet Financial Planning

OCTOBER 3, 2023

Many single mothers prioritize short term expenses, maybe putting some aside for vacations or summer activities for the kids, but struggle to save for retirement and their own future. They are often behind on retirement savings and are looking at a modest retirement income, and possibly moving someplace cheaper once they stop working.

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Estate Planning Financial Planner Insurance Retirement 95

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. That’s a good deal. But again, there are some catches.

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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 Retirement. That’s a good deal.

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Tax Planning Taxes Planning Healthcare 40

eMoney Advisor

FEBRUARY 9, 2023

Starting Out clients are likely to be digitally-fluent, so putting this type of responsibility on them isn’t overly burdensome and can create major efficiencies in your planning processes. Holistic planning will be a valuable way for you to address this broad range of needs.

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Financial Planning Clients Planning Education 95

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.

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Harness Wealth

DECEMBER 8, 2022

Max out your retirement contributions. Ensure that you are utilizing the tax-advantaged retirement accounts such as IRA and your company’s 401(k) to stack funds away for retirement and either pay tax now and let the fund grow tax-free or reduce your current year taxable income and pay tax later. Estate planning.

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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.

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Estate Planning Planning Assets Retirement Planning 40

Harness Wealth

JUNE 9, 2023

Crafting Your Personalized Financial Plan: A Step-by-Step Guide The Role of a Wealth Manager or Financial Planner Harness Wealth Can Help What is a Financial Plan? An effective financial plan can save you money It may seem daunting knowing the impact that taxes and inflation can have on returns over time, but there are solutions.

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Financial Planning Planning Financial Planner Wealth Management 52

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.

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Estate Planning Planning Accounting Distribution 96

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). This is a great reminder to take a breath and focus on communication.

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Communication Financial Planning Retirement Healthcare 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.

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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.

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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.

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Taxes Investing Investments Tax Planning 52

WiserAdvisor

FEBRUARY 19, 2024

Blind spots in retirement planning are those aspects that are often overlooked, either intentionally or subconsciously. From seemingly harmless low-interest debt to underestimating the emotional impact of transitioning out of the workforce, various factors can disrupt your peace of mind during your retirement years.

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Retirement Retirement Planning Healthcare Estate Planning 66

MainStreet Financial Planning

MARCH 27, 2024

In an earlier post, I summarized many of the housing options people can consider in retirement. This post takes a deeper dive into CCRCs (Continuing Care Retirement Communities also known as Life Plan Communities) CCRCs are an all-in-one solution to aging in place for people over 60. You can check out the article here.

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Retirement Transportation Healthcare Planning 92

WiserAdvisor

APRIL 12, 2024

In that case, you can develop a deep understanding of the financial concerns and objectives that are prevalent among retired individuals. 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.

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Clever Girl Finance

SEPTEMBER 7, 2023

These are the bigger dreams that might take a few years to accomplish—think of buying a forever house, funding your child’s education without taking out student loans, or having a long and comfortable retirement. List your essential needs—housing, groceries, utilities, and healthcare. Then, consider your wants.

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WiserAdvisor

JANUARY 16, 2024

Preparing for retirement is a significant life transition that demands a clear understanding of your financial situation. This data can serve as a baseline for tailoring your retirement plan, taking into account factors such as inflation, your current age, and your desired retirement age.

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Darrow Wealth Management

MARCH 31, 2023

You’ll also want to consider engaging a financial advisor, tax advisor, and estate planning attorney too. How different assets are taxed matters a lot during asset division Money in retirement accounts will be fully taxable as regular income (unless in a Roth account when funds can be tax-free when holding periods are met).

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Financial Planning Planning Estate Planning Taxes 83

Harness Wealth

MARCH 11, 2024

Retirement contributions Individuals can take advantage of various tax-related retirement planning strategies to reduce their taxable income today and post-retirement. The funds, which can be invested similarly to a retirement account, grow tax-free, and withdrawals for qualified medical expenses are also tax-free.

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Startup Taxes Medical Retirement 59

Ballast Advisors

MAY 8, 2023

The “Boomer” mom focused on retirement and caretaking. She worked for 3M for 38 years, retiring in the healthcare division. They were determined to retire before age 60 without needing a second job after retirement. I know we waited too long before thinking seriously about retirement.

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Financial Planning Planning Financial Planner Retirement 98

Gen Y Planning

DECEMBER 5, 2022

By weaving in extra savings into your spending plan, you can have enough money to cover gifts, cook your fancy holiday dinner, and keep the lights on (literally). . Max Out Your Retirement Plans. Saving for retirement should be as commonplace as meal prepping for the week. Check-In On Your Estate Plan.

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Taxes Estate Planning Planning Budgeting 59

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. Let’s talk a little bit about portfolio analytics, financial planning tools.

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Financial Advisor Clients Taxes Investing 274

Gen Y Planning

NOVEMBER 5, 2021

By weaving in extra savings into your spending plan, you can have enough money to cover gifts, cook your fancy holiday dinner, and keep the lights on (literally). . Max Out Your Retirement Plans. Saving for retirement should be as commonplace as meal prepping for the week. Check-In On Your Estate Plan.

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Taxes Estate Planning Planning Budgeting 75

Clever Girl Finance

OCTOBER 13, 2022

Some policies even cover disability payments to retirement if your injury or illness is severe. Sinking funds are ideal for planning for the unexpected. 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.

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Medical Insurance Estate Planning Accounting 73

Sara Grillo

APRIL 11, 2022

These services often include recommendations on investments, financial planning, retirement, Social Security, Medicare, tax planning, and other wealth-related topics. RICK FERRI, CFA: I ended up retiring in 2000. An hourly financial advisor is someone who provides financial advisor for a set hourly rate.

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Yardley Wealth Management

MARCH 1, 2022

Allocate a significant portion of any new wealth to tax-sheltered retirement accounts. Ideally, your succession plan has been in place for years prior, to position your business for a tax-efficient transfer. You retire. You decide to work part-time in retirement. You incur significant healthcare costs.

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