Carson Wealth

MARCH 2, 2023

Tom Fridrich, JD, CLU, ChFC ® , Senior Wealth Planner We’ve all asked ourselves whether it’s too early to retire (usually after a particularly challenging commute or dealing with a difficult client). But even if you feel confident today, would it be reasonable to retire early? How Early Is Early?

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WiserAdvisor

JANUARY 3, 2024

Starting your journey of saving for retirement is a pivotal financial goal. But the one thing that remains constant in this advice is that investing is essential to secure a comfortable retirement. Yet, the path to building a robust investment portfolio for retirement can be an intimidating task.

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Clever Girl Finance

DECEMBER 13, 2023

Saving money is an important task at any age, but as you hit your 40s, the need to save for retirement grows. While savers in their 40s and 50s typically have a decade or two left to save for retirement given the traditional age of 65, emphasizing saving now can set you up for a dream-worthy retirement.

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Carson Wealth

JANUARY 25, 2023

Mike Valenti, CPA, CFP ® , Director of Tax Planning Tom Fridrich, JD, CLU, ChFC ® , Senior Wealth Planner It’s January, so it’s officially tax season! One of the most common client questions heard by tax preparers is, “So, what do you need from me?” This can result in additional tax owed, plus penalties and interest.

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Investing Caffeine

MAY 3, 2023

These are all interesting and important questions, but preparation for retirement is much more important than panicking over issues you have no control over. For many investors, however, the more important questions to ask and answer relate to your retirement strategy. Diversification: How diversified are your investments? .

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Park Place Financial

JANUARY 9, 2023

Retirement Planning 5 Reasons Why Houston Is a Great Place to Retire Schedule a Complimentary Financial Review CLICK HERE TO SCHEDULE. For many people, retirement offers the time and opportunity to travel and explore new endeavors they never had the time for during their working years. Cost of Living . Dining Options .

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Random Roger's Retirement Planning

NOVEMBER 19, 2023

Yahoo Finance had kind of a long read recapping an update from Morningstar about safe retirement withdrawal rates. I would much rather withdraw 10% or more per year from my retirement accounts and do it without taking any principal. When I retired in 2010, I had about $360K in a deferred IRA and $60K in a Roth IRA.

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Random Roger's Retirement Planning

DECEMBER 17, 2023

Yahoo warned of potential problems retirees may face if their plan is to rely solely on Social Security. change at retirement. Hopefully a mortgage is paid off, hopefully there are no car payments to make and health insurance at 65, if retired, should go down quite a bit on Medicare, especially if income goes way down.

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eMoney Advisor

DECEMBER 27, 2022

As client expectations continue to evolve, there is an opportunity for financial planners to broaden and deepen their service offerings by providing holistic financial planning. Cash flow and basic needs encompasses food, housing, and daily expenses and ensures the fundamentals, including physiological needs, are covered financially.

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Zoe Financial

MARCH 22, 2023

What comes to mind when thinking about retirement? By understanding the inner workings of retirement income, you can enjoy retirement without worrying about finances. The starting point is understanding your retirement needs and how you’ll pay for them. The last thing you should do is worry about your finances.

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Carson Wealth

JULY 26, 2023

By Odaro Aisueni, CFP ® , Wealth Planning Administrator As a small business owner, you’re likely so immersed in the routine functions of your business that you haven’t yet put much thought into the day you leave it behind. Yet while succession planning is often overlooked, it holds immense significance for your future well-being.

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Harness Wealth

JUNE 9, 2023

Recognizing the need for a financial plan is a significant first step toward the goal of achieving personal financial security. Table of Contents What is a Financial Plan? Table of Contents What is a Financial Plan? Why is Financial Planning so Important? Why is Financial Planning so Important?

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Integrity Financial Planning

AUGUST 31, 2022

What are the decisions you need to make now for your retirement, even if we’re in a recession? Brian talks about how to stress-test your plan and what to keep in mind. What should people planning to retire in the next year keep in mind? Make sure to work with a financial advisor who will look at your plan comprehensively.

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eMoney Advisor

DECEMBER 21, 2022

Goal-based financial planning entails setting and achieving individual financial goals based on a client’s aspirations, assets, and savings. Whereas cash flow-based financial planning involves a precise approach to meeting goals based on the money flowing into and out of a household every month. Rising food prices?

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WiserAdvisor

MAY 3, 2023

Health and financial planning must go hand in hand to ensure you always have enough savings to tackle the unexpected. Therefore, it is essential to consider your health when making financial plans. A financial advisor can help you understand how to factor your health into your financial planning.

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Clever Girl Finance

JANUARY 26, 2023

It's about stability with money Importantly, you don't need to become a millionaire or have the funds to retire immediately to consider yourself financially sound. How to create a financially sound plan for yourself Regardless of where you are starting from, it can take a significant amount of diligence to hit this milestone.

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Clever Girl Finance

JANUARY 16, 2024

That’s why this is not a plan for better budgeting in the long-term. You can use a budget planning notebook or an app if you prefer. Food Particularly, this is a hard one to whittle down. throws away almost 60 million tons of food a year. With a bare bones budget, you do not leave any room for extra spending.

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Clever Girl Finance

NOVEMBER 4, 2023

Everything else Using percentages for your budget categories Expert tip: It’s ok if your budget categories change How do you plan your budget categories if you are focused on paying off debt? This group of categories includes: Retirement account contributions e.g. 401k/403b/IRA Non-retirement investing (e.g. Essentials 3.

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Nationwide Financial

JUNE 8, 2023

The Rule of 25 for retirement strategy suggests saving 25x the annual amount needed for spending in the first year of retirement, but it doesn’t account for the age when someone might retire. The 80% Rule states that you’ll need to replace 80% of your pre-retirement income. Saving requires a certain level of commitment.

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Gen Y Planning

NOVEMBER 2, 2023

Charitable giving is a big part of many family financial plans, and when done effectively, it can also allow you to make strategic tax moves at the end of the year. Financial Benefits: Deciding How to Donate It’s important to do a bit of financial planning before making decisions about charitable giving.

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Yardley Wealth Management

JULY 10, 2020

The post Is Financial Planning a Pandemic Necessity? Is Financial Planning a Pandemic Necessity? Financial Planning magazine just released their annual tech survey and a corresponding article: Tech Survey 2020: Advisors losing faith in planning software. appeared first on Yardley Wealth Management, LLC.

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Random Roger's Retirement Planning

APRIL 16, 2024

For many years, I've said I did not want to retire from what I do for a living realizing that is the sort of thing that I could change my mind at some point. Twenty years later and I am still in the same place, not wanting or planning to retire. We have some intermediate term planning/spending needs and we've started in on them.

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Carson Wealth

JULY 5, 2022

He had no financial planning knowledge. If you don’t have a plan for how you’re going to leave the game, it becomes stressful because those bills keep coming, things keep coming out of your account, but the money you were putting in is no longer there.” . At that time, he was bringing in – after taxes – about $40,000 a month.

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Random Roger's Retirement Planning

SEPTEMBER 22, 2022

A couple of different posts related to retirement from Humble Dollar to look at today. We talk about padding retirement budgets for unbudgetable expenses by $1000/mo or some other number relevant to your circumstance and history with unexpected one-offs. The last thing I would hope anyone would cut back on is healthy food.

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Random Roger's Retirement Planning

JULY 9, 2023

About 40 years ago employers started to pivot away from pensions to 401k, they started to pivot away from defined benefit plans to defined contribution plans. The only pension I am remotely close to is the Arizona Public Safety Personnel Retirement System. And then somehow push companies to do this? If correct, that argues no.

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Random Roger's Retirement Planning

OCTOBER 3, 2023

He said that people should be prepared for two weeks in a hotel, plus food after a disaster without functional ATM machines. Forbes had an interesting article on something that I know will be an issue for me if/when I retire. Then, suggestions are given about how transition into retirement. Do you agree?

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Nationwide Financial

APRIL 28, 2023

One of the biggest lessons all states learned from WA is how many people are willing to buy LTC insurance if it will get them exempted from a tax! WA employees will pay a mandatory 0.58% payroll tax – which will purchase $36,500 in total LTC benefits (with potential inflation). What may be coming next with other states?

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Clever Girl Finance

OCTOBER 17, 2023

Whether you’re looking for a new job or just accepted an offer, knowing how much money you’re making—or could make—is essential for planning your finances. 60,000 a year is how much an hour after taxes? Hourly Daily Weekly Biweekly Monthly $28.85 $231 $1,154 $2,308 $5,000 $60,000 a year is how much an hour after taxes?

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Nationwide Financial

AUGUST 24, 2022

Key Takeaways: Preparing for retirement is important. But sometimes clients can use simplified tips to help them think through their plans. Knowing their monthly expenses, social security plans, long term tax implications, and more can be important steps in helping clients prepare for retirement. We all know that.

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Clever Girl Finance

SEPTEMBER 28, 2022

Property taxes. Believe it or not, according to the American Journal of Agricultural Economics , the average American household wastes $1,866 worth of food every year. Fortunately, learning how to meal prep can go a long way in helping you stick to a tight food budget so you can avoid waste. Retirement contributions.

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Nationwide Financial

MARCH 18, 2023

Key Takeaways: Saving money for travel—just like saving for other big events—requires discipline and planning, especially if your clients are interested in finding cost-saving deals. Whether your clients plan to travel for relaxation or adventure, taking vacations can be a welcome escape from a busy life.

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Random Roger's Retirement Planning

DECEMBER 31, 2023

Barron's posted a couple of retirement related pieces; one article and one kind of slide show that looks like something posted on Instagram. Second one first, the slide show which was titled How To Retire Early. Templin is semi-retired and writes occasionally for Barron's. Without Regrets. Do with that what you will.

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Zajac Group

JUNE 15, 2022

Who doesn’t love a great tax break? Why not make best use of your tax-planning powers when you do? At a glance, it would seem qualified dispositions are the way to go: Qualified dispositions: Proceeds are taxed at (usually lower) long-term capital gains rates. Fewer taxes are better, right? True enough.

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The Irrelevant Investor

MAY 28, 2019

After doing a financial plan with Bill, and after reading Ramit's book, I thought it would be appropriate to figure out where our dollars are going every month. The first step was looking at our after-tax income. This is what actually hits our bank account, so net of retirement contributions. Pay yourself first.

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Clever Girl Finance

SEPTEMBER 7, 2023

It’s not just a set of numbers, rather, it’s a strategic plan that empowers you to navigate the complexities of financial decisions. Plan ahead for special occasions Life is brimming with moments that deserve a celebration , whether birthdays, holidays, or other milestones. Table of contents What is a family budget?

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Random Roger's Retirement Planning

DECEMBER 24, 2023

What others, food probably? Regardless of whether $12000 in this context seems like a lot of money or not, don't ignore these items in your planning. How do your planned expenses, the ones you know about now, stack up to what you'll get from Social Security? What are your highest monthly expenses?

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Yardley Wealth Management

SEPTEMBER 28, 2022

Nudges are not taxes, fines, subsidies, bans, or mandates. Banning junk food does not.” For example, when your company auto-enrolls you in its 401(k) retirement plan, for heaven’s sake, let them. Having to donate to your worst anti-charity might be a strong nudge to stick to your savings plan!

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