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Weekend Reading For Financial Planners (April 19–20)

Nerd's Eye View

Which, according to Kitces Research on Advisor Productivity, can lead to higher productivity for advisor teams (but can require an investment in staffing and higher-end planning services to meet their complex planning needs).

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Why Should I Hire a Financial Advisor? 5 Benefits of Financial Advice

Carson Wealth

Knowledge and Personalized Planning Financial advisors can bring a wealth of knowledge from extensive education and experience, helping enable them to craft tailored strategies that align with your unique financial goals. This personalized approach can help you make financial decisions that are well-informed and strategically sound.

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Waterfall Wealth Management: A Strategic Approach

Yardley Wealth Management

Key benefits include: Ensuring essential financial obligations are met first – Taxes, estate planning, and retirement savings take precedence. Strategic long-term planning – Provides a roadmap for surplus wealth allocation. Waterfall wealth management simplifies the process by categorizing financial goals into priority levels.

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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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6 Ways to Manage Concentrated Stock Positions

Darrow Wealth Management

Work with a wealth advisor to discuss your financial goals and individual risk tolerances. In this case, you can speak with your estate planning attorney about gifting stock to family outright during your life (perhaps someone in a lower tax bracket!) Finally, options are complex instruments.

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Estate Planning Strategy: Leveraging CFP® Certification Expertise

International College of Financial Planning

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.