Remove Estate Planning Remove Healthcare Remove Risk Tolerance
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Avoid Making These Mistakes to Safeguard Your Wealth

WiserAdvisor

Mistake #2: Not having an estate plan in place Estate planning is essential for protecting what you’ve worked hard to build. A good estate plan ensures your assets go where you want them to. A 2023 survey by Law Depot found that 73% of Americans didn’t have an estate plan.

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Is Talking to a Financial Planner Worth It? Exploring the Benefits of Financial Planning

Yardley Wealth Management

They help you build and manage diversified portfolios aligned with your risk tolerance and time horizon, potentially preventing costly mistakes that self-directed investors might make. Retirement Planning Retirement planning is one area where talking to a financial planner proves particularly worthwhile.

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Do You Still Need A Financial Advisor After You Retire?

WiserAdvisor

They can assess your financial situation, long-term goals, risk tolerance, and investment preferences to create personalized strategies. They can also help you optimize your savings and investment plans, ensuring that you maximize your earning potential while minimizing risks.

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Top Insights Driving Financial Planning Strategies in 2025

WiserAdvisor

At any given moment, people are working towards multiple goals like saving for retirement, managing taxes, buying a home, protecting their family through insurance, or planning for healthcare needs. People want all these goals to work together. For example, a clients investment choices should align closely with their tax strategy, too.

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10 Common Retirement Blind Spots You’ll Want to Avoid for a Secure Future

WiserAdvisor

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.

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

WiserAdvisor

However, it’s essential to consult with a qualified financial advisor who can tailor a plan to your specific financial situation and goals. They will have access to more detailed information about your assets, income, expenses, and risk tolerance, which is crucial for crafting a comprehensive retirement strategy.

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What is a Financial Plan, and How Do I Make One?

Harness Wealth

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.