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

Park Place Financial

SEPTEMBER 8, 2022

ESTATES Family Estate Planning: The 6 Essentials Schedule a Complimentary Financial Review CLICK HERE TO SCHEDULE. According to one survey, 67% of Americans have no estate plan, which may reflect an aversion to thinking about dying or getting gravely ill. Navigate Family Estate Planning with Park Place Financial .

Estate Planning 52

Estate Planning Planning Certified Financial Planner Medical 52

WiserAdvisor

AUGUST 31, 2023

A financial advisor can help with maximizing your retirement income through tax planning After retirement, your income sources may become limited to pensions, Social Security benefits, and investment income. A financial advisor can craft tax-efficient withdrawal strategies to minimize the tax burden on your retirement income.

Financial Advisor 90

Financial Advisor Retirement Risk Tolerance Estate Planning 90

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. Outliving their money.

Financial Planning 97

Financial Planning Planning Retirement Insurance Coverage 97

Harness Wealth

DECEMBER 8, 2022

Not only was the stock market fairly volatile, but there were also atypical tax regulation changes. Tax-loss harvesting. Paying taxes on investment gains can be a financial burden, but tax loss harvesting can reduce your bill. You can claim as much capital loss as your realized capital gain plus $3,000.

Tax Planning 52

Tax Planning Taxes Planning Estate Planning 52

Yardley Wealth Management

FEBRUARY 1, 2022

The post Part 1: The Tools of the Tax-Planning Trade appeared first on Yardley Wealth Management, LLC. Part 1: The Tools of the Tax-Planning Trade Whether you’re saving, investing, spending, bequeathing, or receiving wealth, there’s scarcely a move you can make without considering how taxes might influence the outcome.

Tax Planning 40

Tax Planning Taxes Planning Healthcare 40

Yardley Wealth Management

FEBRUARY 1, 2022

The post Part 1: The Tools of the Tax-Planning Trade appeared first on Yardley Wealth Management, LLC. Part 1: The Tools of the Tax-Planning Trade. Whether you’re saving, investing, spending, bequeathing, or receiving wealth, there’s scarcely a move you can make without considering how taxes might influence the outcome.

Tax Planning 40

Tax Planning Taxes Planning Healthcare 40

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. 5] If you’re interested in creating and preserving generational wealth, you’ve found the right place.

Retirement 98

Retirement Healthcare Financial Planning Estate Planning 98

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. Take advantage of tax breaks. Be sure to take advantage of child and dependent care tax credits when filing your taxes.

Insurance Coverage 92

Insurance Coverage Healthcare Budgeting Estate Planning 92

Yardley Wealth Management

FEBRUARY 15, 2022

The post Part 2: Tax-Wise Investment Techniques appeared first on Yardley Wealth Management, LLC. Part 2: Tax-Wise Investment Techniques In our last piece, we introduced some of the tools of the tax-planning trade. In other words, your tax-planning techniques matter at least as much as the tools.

Taxes 52

Taxes Investing Investments Tax Planning 52

Yardley Wealth Management

FEBRUARY 15, 2022

The post Part 2: Tax-Wise Investment Techniques appeared first on Yardley Wealth Management, LLC. Part 2: Tax-Wise Investment Techniques. In our last piece, we introduced some of the tools of the tax-planning trade. In other words, your tax-planning techniques matter at least as much as the tools.

Taxes 52

Taxes Investing Investments Tax 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.

Estate Planning 73

Estate Planning Taxes Accounting Retirement 73

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. Tax efficiency A savvy retirement strategy also involves optimizing tax implications.

Retirement Planning 52

Retirement Planning Retirement Planning Healthcare 52

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

While it may seem like a luxury that is only available to the wealthy, anyone is capable of building an effective financial plan and putting it into action. Without effective personal financial management, you risk losing money to poor budgeting, poor tax planning, or even just to inflation.

Financial Planning 52

Financial Planning Planning Financial Planner Wealth Management 52

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

eMoney Advisor

FEBRUARY 9, 2023

Financial Planning Needs: Retirement planning Education and family planning Obtaining appropriate insurance coverage Business and tax planning Significant asset purchases Strategies for Serving Clients in This Stage: Clients at this stage are experiencing life events — both large and small — that will impact their financial planning needs.

Financial Planning 95

Financial Planning Clients Planning Education 95

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

MAY 17, 2023

Accessibility – Nearby restaurants, shopping, entertainment, library, classes; Walkability Access to care – Proximity to caregivers, availability to high-quality healthcare Cost of Living – Food, transportation, housing, entertainment, taxes Proximity – Close to family or support systems Examples of Housing in Retirement There are (..)

Retirement 95

Retirement Medical Financial Planner Planning 95

WiserAdvisor

JULY 3, 2023

It can require a deep understanding of personal finance, investment strategies, tax implications, and more. A financial advisor can help you understand the intricacies of financial planning for physicians. 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

WiserAdvisor

JULY 27, 2023

Furthermore, ChatGPT may have limitations in reflecting recent policy changes or potential mathematical fallacies that can impact retirement and tax planning strategies. This blog explores the strengths and limitations of employing ChatGPT vs. a financial advisor when planning for retirement.

Retirement Planning 52

Retirement Planning Financial Advisor Retirement Planning 52

Harness Wealth

MARCH 11, 2024

As a company founder, early startup employee, or small business owner, you may find yourself in a higher tax bracket as your business grows or you realize gains from equity compensation. But that doesn’t mean you simply have to accept a higher tax bill. Here are 20 tax-efficient actions to consider when filing your taxes in 2024.

Startup 59

Startup Taxes Medical Retirement 59

Clever Girl Finance

SEPTEMBER 7, 2023

List your essential needs—housing, groceries, utilities, and healthcare. Look for: car repairs and maintenance, medical expenses, home maintenance, membership renewal, seasonal utility increases, vehicle registration renewal, back to school supplies and field trips, tax preparation fees. These goals are all about securing your future.

Budgeting 77

Budgeting Transportation Medical Insurance 77

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

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

But that doesn’t mean the actual assets are just split down the middle, and some assets are much more favorable from a tax perspective than others. Once the divorce is finalized, a crucial (but often overlooked) part of the process is updating estate documents and beneficiary designations. Cash assets have no tax implications.

Financial Planning 83

Financial Planning Planning Estate Planning Taxes 83

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

Yardley Wealth Management

MARCH 1, 2022

The post Part 3: Tax-Wise Financial Planning appeared first on Yardley Wealth Management, LLC. Part 3: Tax-Wise Financial Planning In our last two pieces, we covered some tools of the tax-planning trade, as well as how to deploy them for tax-efficient investing. Life happens. You buy a business.

Financial Planning 52

Financial Planning Taxes Planning Tax Planning 52

Yardley Wealth Management

MARCH 1, 2022

The post Part 3: Tax-Wise Financial Planning appeared first on Yardley Wealth Management, LLC. Part 3: Tax-Wise Financial Planning. In our last two pieces, we covered some tools of the tax-planning trade, as well as how to deploy them for tax-efficient investing. . Tax-Planning Possibilities.

Financial Planning 52

Financial Planning Taxes Planning Tax Planning 52

Gen Y Planning

DECEMBER 5, 2022

Contributions to your 401(k) are pre-tax, meaning that for every dollar you contribute, you actively lower your taxable income. If you’re covered by a workplace retirement plan, you likely won’t be eligible to make deductible (pre-tax) contributions to your traditional IRA, but investing in it still provides valuable benefits in retirement.

Taxes 59

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.

Financial Advisor 274

Financial Advisor Clients Taxes Investing 274

Gen Y Planning

NOVEMBER 5, 2021

Contributions to your 401(k) are pre-tax, meaning that for every dollar you contribute, you actively lower your taxable income. If you’re covered by a workplace retirement plan, you likely won’t be eligible to make deductible (pre-tax) contributions to your traditional IRA, but investing in it still provides valuable benefits in retirement.

Taxes 75

Taxes Estate Planning Planning Budgeting 75

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 52

Retirement Planning Retirement Planning Financial Advisor 52

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). Both types of accounts let you save up pre-tax dollars for use on medical expenses. Make an estate plan. Estate plans are also used if you become incapacitated.

Medical 73

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: What’s more tax efficient? An hourly financial advisor is someone who provides financial advisor for a set hourly rate. Jon Luskin.

Financial Advisor 52

Financial Advisor Portfolio Clients Management 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. It’s different wealth regimes, it’s different tax regimes.

Clients 286

Clients Wealth Management Investing Investments 286