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Taking Control of Your Finances: Why Financial Planning Matters

International College of Financial Planning

Financial planning helps you prepare for unexpected events like job loss, illness, or emergencies. It ensures you have enough savings and insurance coverage to protect your assets and financial stability, providing financial security.

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The 5 Pillars of Retirement Planning You Should Be Aware of

WiserAdvisor

Pillar 2: Healthcare planning Healthcare considerations are one of the most significant financial burdens you will likely face during your golden years. As the cost of medical care continues to rise, prioritizing healthcare planning becomes imperative to safeguarding your financial well-being in retirement.

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Rising inflation could mean your home is underinsured

MainStreet Financial Planning

Without sufficient insurance coverage, a homeowner is at risk of having to pay out of pocket to rebuild their home after a disaster. Here are the 8 types of insurance coverage that you will want to review to see if you have sufficient coverage for your home. Replacement cost coverage (aka “Dwelling”).

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Why do Physicians Need Financial Advisors and How to Find Them

WiserAdvisor

It is precisely these challenges that make the role of a financial advisor indispensable for physicians. Financial advisors for medical professionals can offer a tailored approach to managing unique financial landscapes. Reason 2: To eliminate debt Medical education often comes with a substantial financial investment.

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How Much Should I Have Saved in My 30s?

Carson Wealth

If you’re under significant debt pressure, consider talking with a Certified Financial Planner Professional or an Accredited Financial Counselor who specializes in consumer credit and debt management.   . Establishing Appropriate Insurance Coverage  . Reinforcing Positive Financial Behaviors  .

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Unlock Your Retirement Goals: Navigating Financial Planning for Self-Employed Individuals

International College of Financial Planning

Sudden Outflows/Medical Emergencies: Medical treatments can be expensive and deplete your savings in unforeseen circumstances. Proper planning should account for medical emergencies and unexpected financial needs. Investing in instruments that offer returns higher than the inflation rate is crucial.

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Why Should You Care About Financial Planning?

Workable Wealth

Financial planning can help bypass mistakes and unnecessary errors in your money life. Improper risk management and insurance coverage. Making emotional financial decisions. Your emergency fund protects against unforeseen circumstances like job loss, medical bills, unexpected travel, home malfunctions, and more.