International College of Financial Planning

MARCH 12, 2025

Heres how to avoid them (without giving up your weekend plans or your love for good coffee). Why This Is a Problem: Future youwho needs a house, financial security, and maybe even early retirementmight resent past you for not planning ahead. Why This Is a Problem: Many BNPL plans dont feel like debt but they are.

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Random Roger's Retirement Planning

JANUARY 6, 2025

An even tougher one, if you have medical issues, how expensive are they likely to be? I understand the difficulty of that one but if you're 50, overweight and taking a half dozen medications, you should plan on health stuff being very expensive. Do you plan to work one way or another, consulting, part time or monetized hobby?

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Harness Wealth

JANUARY 29, 2025

These contributions not only provide immediate tax relief but help secure longer-term financial stability during retirement. 401(k) Plans: Contribute the maximum allowable amount for 2024 : $23,000 if youre under 50, or $30,500 if youre 50 or older. For the majority of people, however, April 15th will remain the deadline.

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Workable Wealth

OCTOBER 14, 2020

Financial planning can take your money game up a notch by bringing clarity, strategy, and intention to your financial life. A healthy financial plan gives you the tools to take control of your finances and start living your life with passion, purpose, and freedom. So what’s the value of a financial plan? Want to retire early?

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Yardley Wealth Management

FEBRUARY 4, 2025

From maximizing deductions to managing capital gains, we’ll cover everything you need to know about smart tax planning. In this comprehensive guide, we’ll explore proven strategies to help you minimize tax liability while staying compliant with current regulations.

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WiserAdvisor

JUNE 13, 2025

Keeping it safe, growing it wisely, and using it to support your future takes careful planning. It plays a crucial role in helping people achieve financial stability, prepare for retirement, and leave a lasting legacy for their families. Yet even the best financial plans can stumble. Yet, many people put it off. The good news?

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Workable Wealth

NOVEMBER 11, 2020

But building a balanced meal plan takes more time and effort to accomplish. The same is true for a healthy financial plan. Not every financial planning task is exciting and groundbreaking, but each step secures your goals and vision for the future. Once you start looking, you’ll find you have several assets to plan for.

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WiserAdvisor

JUNE 24, 2025

After all, that is what a solid financial plan is all about. Whether it is a job loss or a medical emergency, the fund acts like a safety net, so you do not have to rely on high-interest debt. But what if you are in your 60s or 70s and getting ready to retire? Taking on debt during a recession can be a slippery slope.

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Harness Wealth

APRIL 17, 2025

Common deductions cover a wide range of expensesfrom mortgage interest, charitable contributions, to medical expenses exceeding 7.5% These include student loan interest, educator expenses, and certain contributions to retirement accounts. Medical and dental expenses exceeding 7.5% of your AGI. Why do tax credits exist?

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Random Roger's Retirement Planning

FEBRUARY 5, 2025

The Retirement Manifesto Blog had a post about the "5 Top Regrets of Retirees." Retiring with too much debt? If you have a lot of consumer debt, and assuming no sort of horrible medical event you're paying for, then sorry, you're living beyond your means. The first regret was not saving enough money.

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WiserAdvisor

JULY 7, 2025

Are you thinking about cashing in on your Roth Individual Retirement Account (IRA) early? There are several types of IRAs, such as Traditional, Roth, Simplified Employee Pension (SEP), and Savings Incentive Match Plan for Employees (SIMPLE). And over time, this affects how much you have for retirement. There are also no RMDs.

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Workable Wealth

MARCH 18, 2020

A 401(k) is a retirement savings vehicle sponsored by your employer. Through your 401(k), you’re able to contribute funds and invest them according to your risk tolerance and retirement timeline. To contribute to a traditional 401(k), you’ll need to find out if your employer offers a plan, and set one up through them.

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Random Roger's Retirement Planning

MARCH 15, 2025

The example assumes no sort of serious medical or family calamity that altered your financial plan, life happens that way sometimes. Holding on to 100% of something like VBAIX all the way through market cycle after market cycle is absolutely valid other than addressing sequence of return risk when you get within a few of retirement.

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Harness Wealth

APRIL 30, 2025

Taking early withdrawals from retirement accounts Withdrawals before age 59 are scrutinized due to the potential complexity of penalty exceptions. You need to keep detailed records of all digital asset transactions, and youre strongly advised to consult with a tax professional to maintain compliance.

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Harness Wealth

JANUARY 10, 2025

Retirement contributions : Children earning wages may contribute to IRAs or Roth IRAs, further reducing taxable income while building long-term savings. For instance, a medical professional who brings their personal dog to the workplace to help calm patients may have a valid business reason for doing so.

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Random Roger's Retirement Planning

JULY 6, 2025

The Wall Street Journal looked at an issue near and dear to us by profiling four people who in middle age, had their hand forced into early or retirement or otherwise unexpectedly forced to find a new job. The first profile was a guy who was head of retirement research at Bank of America. I remembered to use the gift link.

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Retirement Banking Numbers Financial Advising 45

Financial Symmetry

APRIL 22, 2025

Market volatility is never comfortable, but with the right mindset and a thoughtful plan, you can face downturns not as a victim, but as an opportunist. Start With Your Financial Plan: What Can You Control? Before making any decisions, the single most important step is to revisit your financial plan or create one if you havent yet.

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Marketing Marketing Financial Planning Planning 62

The Big Picture

JANUARY 21, 2025

And I think you will also, if you are at all curious about estate planning or investing or personal finance, this is not the usual discussion and I think it’s very worthwhile for you to hear this and share it with friends and family. What was your original career plan? So I made a plan to get out of there.

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Random Roger's Retirement Planning

JANUARY 18, 2025

Oddly, Barron's included some industry funds in their discussion of thematic funds and mentioned some that have done very well including iShares Medical Devices (IHI) which I've owned for clients for 12 or 13 years. I guess it could be a theme but is also allowed for avoiding heavy exposure to domestic pharma.

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Random Roger's Retirement Planning

JUNE 12, 2025

Weaving in an article from Yahoo about Americans flunking a six question retirement quiz, "most respondents bombed big time" the article said. Beliefs about retirement are our own race, our own thing to figure out for ourselves. We all know people very well prepared for retirement and people who would appear to be in a lot of trouble.

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Retirement Numbers Portfolio Medical 45

Harness Wealth

MAY 2, 2025

Given the widespread tax consequences of the TCJAs sunset, were going to explore the specific provisions that are set to expire, outline essential tax planning strategies to help reduce the impact of the upcoming tax increases, and look at how platforms like Harness can help tax advisors manage the TCJAs sunset more effectively.

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Taxes Clients Insurance Distribution 52

WiserAdvisor

JUNE 26, 2025

Most professionals approaching retirement know they need a plan. What many underestimate (often drastically) is the size of the piece of that plan that should be devoted to healthcare. Retirement is no longer just about 401(k)s and Social Security. This article is a deep dive into healthcare costs in retirement.

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Healthcare Retirement Planning Retirement Planning 59

Carson Wealth

JUNE 26, 2025

The transition from employment to retirement can be complex. Retirement-related behavioral and financial changes raise many tax planning questions and opportunities. Social Security was designed to supplement personal savings and income from various retirement savings vehicles. Suddenly, that will slow or stop.

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Tax Planning Retirement Taxes Planning 98

Nationwide Financial

AUGUST 16, 2024

1 Your farming clients will want to utilize a will, durable power of attorney, advanced medical directive and possibly a trust. When it comes to succession planning, farmers face unique challenges. Understanding the financial landscape is essential for making informed decisions about succession planning.

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Retirement Medical Clients Planning 52

Carson Wealth

JULY 10, 2025

Your full compensation package also includes your employee benefits—retirement accounts, insurance, personal time off, and much more. Yet employee benefits are about more than just securing your family’s health or having the freedom to take time off from work—they also play a critical role in your long-term financial planning.

Insurance 52

Insurance Retirement Planning Retirement Accounting 52

Random Roger's Retirement Planning

NOVEMBER 8, 2024

Yahoo Finance had a cleverly titled article; Generation X is gloomy, but their retirement reality may not bite. Maybe they'll get it exactly right but I think it is prudent to plan now for something to go wrong between now and whenever benefits will supposedly be cut, that date is a bit of a moving target ranging 9-11 years from now.

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Trade Brains

JULY 9, 2025

At first glance, ₹ 2 Lakh seems like a more than sufficient monthly salary, but sometimes, as you start practically planning or living the life of a ₹ 2 Lakh salaried employee, you start to realise that the total expenses go much beyond your budget.

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The Big Picture

MAY 7, 2025

He began his career as a medical doctor, a neurologist who discovered he had a knack for investing and investment research, eventually opening Efficient Frontier Advisors. You went to medical school. And so I realized I was going to have to invest and save for my own retirement. I need to plan for my own finances.

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Random Roger's Retirement Planning

JUNE 22, 2025

Walker Fire had quite the week.

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Medical Portfolio Taxes Marketing 59

WiserAdvisor

JULY 1, 2025

Estate planning is not just for the wealthy; it is essential for anyone who wants to ensure their assets are managed and distributed according to their wishes. Whether you own an elaborate portfolio or a single family home, having a comprehensive plan in place can protect your legacy and provide peace of mind for your loved ones.

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Estate Planning Planning Distribution Taxes 59

MainStreet Financial Planning

JUNE 2, 2025

Retiring or furloughed before age 65 is a long-term goal or a dire situation for many older workers who find themselves in the middle class these days. There are several options for health care coverage prior to Medicare, and most are costly in comparison to employer-provided plans, where premiums are shared with an employer.

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Insurance Medical Retirement Planning 52

The Chicago Financial Planner

OCTOBER 21, 2021

Saving for retirement is a major undertaking for most of us. Health savings accounts (HSA) provide another vehicle to save for retirement. Many of you have the option to enroll in high-deductible insurance plans that allow the use of a health savings account via your employer. The rising cost of healthcare in retirement .

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Nerd's Eye View

DECEMBER 13, 2023

Although numerous tax-advantaged vehicles are available for retirement savings, Health Savings Accounts (HSAs) have particular benefits for individuals saving for retirement. This can allow individuals to save a significant amount that can be withdrawn tax-free for medical expenses later in retirement. Read More.

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Retirement Medical Taxes Insurance 246

Carson Wealth

OCTOBER 24, 2024

Retiring abroad can be a dream come true for many Americans, offering the opportunity to explore new cultures, enjoy different climates, and potentially stretch retirement savings. But moving to a new country involves significant financial planning. tax return every year. Knowing the tax landscape in both the U.S.

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Retirement Healthcare Taxes Medical 143

Talon Wealth

OCTOBER 26, 2023

Retirement planning is a critical part of financial security that many women still overlook. However, remember that as a woman, you have a longer life expectancy than a man, which means retirement planning is even more important. Plan your investments. Consider early retirement tax planning.

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Nerd's Eye View

MAY 3, 2024

Also in industry news this week: Large asset managers offering hybrid digital-human advice services are eating into the market share of purely human advisors, signaling that a smaller firm's ability to offer a differentiated value proposition could be a key to success in the coming years A recent study indicates that tech-forward advisory firms not (..)

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Nerd's Eye View

NOVEMBER 4, 2022

From there, we have several articles on investment planning: While I Bonds have received significant attention during the past year, TIPS could be an attractive alternative for many client situations.

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