WiserAdvisor

APRIL 19, 2024

While a financial plan focuses on managing your finances during your lifetime, an estate plan is essential for determining the fate of your assets after you pass away. Estate planning involves the transfer of your assets to your heirs in the event of your passing.

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Carson Wealth

SEPTEMBER 27, 2023

But life insurance can benefit your financial planning in many other ways. For individuals, a permanent life insurance plan can play a key role in estate planning by helping reduce estate taxes. 1,2 Some states have an estate tax as well, and they may have a lower threshold for when the tax applies.

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Carson Wealth

NOVEMBER 5, 2022

Estate Planning isn’t fun to think about. But estate planning is so much more than terminal actions – it helps set a stage for a rich life while protecting against unnecessary taxes and family feuds. . Who needs estate planning? Anyone with dependents, retirement accounts, life insurance or real property.

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Carson Wealth

NOVEMBER 28, 2022

Estate planning touches two critical aspects of our lives: It can direct the distribution of property while providing a structure of guardianship and care for ourselves as well as those we love and care for. But many people feel like estate planning happens when you’re older, and that’s a misconception.

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Nerd's Eye View

NOVEMBER 8, 2023

Retirement is often framed as one's "golden years", a time to enjoy the fruits of several decades of hard work. And for many retirees who have planned accordingly, this transition is not a problem as they might spend generously on travel, hobbies, or other pursuits. On the behavioral side, clients could 'practice' retirement (e.g.,

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International College of Financial Planning

OCTOBER 26, 2023

The Imperative of Estate Planning: Not Just for the Affluent Often, there’s a prevailing misconception that estate planning is a luxury reserved for the wealthy elite. Real estate planning is a crucial undertaking that every adult and family should prioritize.

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Abnormal Returns

MARCH 4, 2024

Retirement JP Morgan Asset Management's 'Guide to Retirement.' am.jpmorgan.com) How longevity literacy affect financial wellness in retirement. papers.ssrn.com) Why getting charitable giving in retirement right is challenging. (fa-mag.com) riabiz.com) Estate planning is growing in importance for advisers.

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Recruitment Estate Planning Financial Planning Retirement 259

Carson Wealth

FEBRUARY 8, 2023

On a basic level, if you have an estate plan, you control who will receive your property upon your death. An estate plan can also protect you in the event of an unforeseen life-altering medical emergency. Most Americans need an estate plan of some kind, and most Americans don’t have one.

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Nerd's Eye View

AUGUST 23, 2023

Charitable Gift Annuities (CGAs) have long been a popular way for individuals with charitable intentions to plan their legacies. in an IRA or 401(k) plan) to contribute to the Charitable Gift Annuity, they would need to withdraw – and be taxed on – those funds first. But the SECURE 2.0 legislation at the end of 2022.

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Abnormal Returns

AUGUST 16, 2023

thomaskopelman.com) Estate planning Four lessons learned about estate planning from Whitney Houston's will. wealthfoundme.com) Seven steps to building an estate plan. morningstar.com) When to revise your estate plan. theconversation.com) How much should you save in your child's 529 plan?

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Carson Wealth

JANUARY 3, 2023

Many people believe, incorrectly, that estate planning is for older, ultra-wealthy people. But the simple truth is: If you have property, you need an estate plan. Your estate plan is the key to ensuring your wishes are carried out after you die or you’ve become incapacitated and can’t make decisions on your own. .

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Park Place Financial

NOVEMBER 29, 2022

Estates Estate Planning in this Economic Climate Schedule a Complimentary Financial Review CLICK HERE TO SCHEDULE. If you are in the middle of estate planning , consider the following strategies to develop a sound plan amidst widespread economic challenges. . Create a Trust . Charitable Remainder Unitrust .

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Carson Wealth

FEBRUARY 13, 2023

While there are certainly ways to do estate planning without a lawyer, for most people hiring an estate planning attorney makes the most sense. Estate plans can get complex fast, and even fairly straightforward estates can feel overwhelming if you’re not trained in the area. Do your research.

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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 .

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Park Place Financial

SEPTEMBER 8, 2022

ESTATES The 5 Most Common Estate Planning Myths Schedule a Complimentary Financial Review CLICK HERE TO SCHEDULE. Estate planning is a crucial component of financial preparation for many individuals, as it enables their wealth to have a lasting and meaningful impact on their loved ones.

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Nerd's Eye View

NOVEMBER 21, 2022

A common service model for many financial advisory firms is to schedule annual client meetings throughout the year where the advisor meets with each client in the month they started working with the firm, and conducts a comprehensive review of all planning topics for the client. Read More.

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Abnormal Returns

AUGUST 23, 2023

(papers.ssrn.com) How 529 plan accounts are treated in a divorce. marketwatch.com) Estate planning Estate planning is about showing our love for our families. wealthfoundme.com) More families are at risk from estate taxes looking out into 2025 and beyond.

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Abnormal Returns

JULY 5, 2023

financiallywelloff.com) Peter Mallouk and Jonathan Clements on the key ingredients of a good retirement. open.spotify.com) Estate planning How to create a digital estate plan in three steps. 403bwise.org) Retirement 9 steps to a productive retirement including 'Stay flexible on the withdrawal rate front.'

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Financial Symmetry

OCTOBER 31, 2022

After endless procrastination, you and your spouse finally decide to hire an attorney to help prepare an “estate plan.” The post Estate Planning Tales from the Crypt, Ep #176 appeared first on Financial Symmetry, Inc. You discover Frankenstein and Elvira, PLLC through a popular search engine.

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Integrity Financial Planning

MARCH 15, 2023

From financial plans to home remodeling, it’s common to be tempted to DIY your way there. Financial planning can be complicated. Have you thought about taxes or estate planning or when to withdraw and from where? From retirement income to tax strategies on an investment property, Brian shares what options you might have.

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WiserAdvisor

AUGUST 31, 2023

Financial advisors play a crucial role in assisting you before your retire. They can also help you optimize your savings and investment plans, ensuring that you maximize your earning potential while minimizing risks. Here are 5 benefits of hiring a financial advisor after you retire: 1.

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Nerd's Eye View

JANUARY 31, 2024

In late 2019, Congress passed the Setting Every Community Up for Retirement Enhancement (SECURE) Act, introducing several significant changes to retirement planning. This shift has led financial advisors to explore new strategies for mitigating the resulting tax-planning challenges.

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Integrity Financial Planning

JUNE 27, 2023

However, it is a common goal for retirees to create and maintain generational wealth in retirement. The Foundations of Financial Planning Proper financial planning is widely considered the first step to building generational wealth. [1] This can include investing in stocks, bonds, real estate, and other assets. [3]

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Abnormal Returns

JULY 12, 2023

peterlazaroff.com) Retirement How to build in a victory lap before retirement. savantwealth.com) A real-life example of balancing differing wants in retirement. physicianonfire.com) Estate planning A look at some advanced estate planning techniques. (etftrends.com) Peter Lazaroff on whether U.S.

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Risk Tolerance Estate Planning Retirement Planning 213

WiserAdvisor

JUNE 6, 2023

However, given the high value of wealth, it becomes all the more critical for high-net-worth individuals to plan their finances optimally. Estate planning is one of the key components of financial planning these individuals need to focus on. This makes asset protection a significant concern.

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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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Integrity Financial Planning

NOVEMBER 20, 2023

One way of thinking about retirement is that it happens in phases. Phase 1: Pre-retirement (Approximately Ages 50-62) This is around the age when you will start to have a sense of what you have saved and what your expenses might look like. When you are 20 years old, it can be hard to picture what retirement might look like for you.

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Retirement Budgeting Medical Distribution 88

Abnormal Returns

JULY 3, 2023

beehiiv.com) A round-up of the past month's advisor-tech news including Vanilla's new "estate advisory" platform. kitces.com) Estate planning Four things to consider in anticipation of 2026. financial-planning.com) Wealth.com's Ester will help you read estate planning documents. (matts-newsletter-7a3f46.beehiiv.com)

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Carson Wealth

DECEMBER 8, 2023

Petersen, CPA, CFP ® , CP, Affluent Wealth Planning The holidays are upon us! That must mean it’s time to roll up my sleeves and get to work on year-end financial planning – with an emphasis on 2023 income tax. Many states also exempt retirement income, which may include Social Security.

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Abnormal Returns

SEPTEMBER 4, 2023

(theadvisorjourney.com) Brendan Frazier talks about the challenge of retirement spending with Morningstar's Christine Benz. standarddeviationspod.com) Creative Planning Creative Planning is buying Goldman Sachs' former Personal Financial Management unit. riabiz.com) Creative Planning could reintroduce the United Capital brand.

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Estate Planning Retirement Financial Planning Planning 221

Carson Wealth

APRIL 25, 2024

There are some things in life you just can’t plan for: an unexpected illness, job loss, death of spouse, disability. And while experiencing one of these major events can drastically impact your life, having an effective financial plan can help ensure that it doesn’t ruin your financial well-being. Let’s break each one down.

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Abnormal Returns

JANUARY 22, 2024

standarddeviationspod.com) Retirement How to put retirement income guardrails in place. thinkadvisor.com) Retirement withdrawal strategies all have their tradeoffs. investmentnews.com) Americans want to retire gradually. riabiz.com) Vanguard is partnering with estate planning software provider Vanilla.

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Wealth Management Estate Planning Startup Retirement 162

Abnormal Returns

OCTOBER 11, 2023

Podcasts Peter Lazaroff talks with Susan Jones of Plancorp about year-end planning opportunities. abnormalreturns.com) Retirement Elder care is challenging even under the best circumstances. abnormalreturns.com) Retirement Elder care is challenging even under the best circumstances.

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MainStreet Financial Planning

APRIL 15, 2024

The estate planning documents may be done, but is there anything else to really feel comfortable that you’ve prepared all you could when you pass away? After my mom passed, I had been helping my dad get his estate planning documents and other financial activities in order.

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Planning Estate Planning Numbers Insurance 52

Abnormal Returns

JUNE 28, 2023

Podcasts Christine Benz and Jeff Ptak talk with Fritz Gilbert and Eric Weigel about retirement planning mistakes. financial-planning.com) Retirement How a Flexible Spending Strategy works in retirement, with some caveats. ofdollarsanddata.com) A first hand tale of un-retirement. Meir Statman. humbledollar.com)

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Abnormal Returns

MAY 10, 2023

financialducksinarow.com) Retirement The math behind savings rates and retiring early. ofdollarsanddata.com) Make sure you know what you are retiring to. obliviousinvestor.com) How to effectively withdraw money from a 529 plan. wsj.com) When building an estate plan, hire an attorney who specializes in it.

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Math Estate Planning Retirement Banking 222

MainStreet Financial Planning

MAY 17, 2023

We speak daily with clients who are contemplating where they might live in retirement. Now is the time to explore various retirement housing options and strategies for aging individuals. From aging in place to retirement communities, consider your individual preferences and needs when choosing the most suitable housing option.

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