Random Roger's Retirement Planning

FEBRUARY 5, 2025

There are obviously plenty of people who retire while still having a mortgage but it's not totally unreasonable that someone could be mortgage free by the time they retire or maybe have their payoff date and retirement date coincide. Occasionally, things at home break and fixing them can sometimes be very expensive.

Retirement 52

Retirement Retirement Planning Medical Planning 52

WiserAdvisor

JULY 7, 2025

There are several types of IRAs, such as Traditional, Roth, Simplified Employee Pension (SEP), and Savings Incentive Match Plan for Employees (SIMPLE). But if you are planning to take money out from a Roth IRA before you turn 59½, there would still be some cuts. First off, let’s clear up some confusion. There are also no RMDs.

Planning 40

Planning Retirement Taxes Distribution 40

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. If you're 81 and can no longer meet your income need from your portfolio, that is what matters.

Portfolio 59

Portfolio Medical Marketing Marketing 59

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.

Advertising 52

Advertising Medical Clients Distribution 52

Harness Wealth

MARCH 20, 2025

License fee deductions License fees required for professional or business operations, including professional licenses such as medical, legal, or accounting licenses, business operation licenses, and software subscriptions, are deductible. Contribution limits vary depending on the type of plan. How do I claim home office tax deductions?

License 52

License Taxes Insurance Consulting 52

Random Roger's Retirement Planning

JULY 6, 2025

Their plan is to wait until 70 to take Social Security which will be enough to remove a little of the burden off the portfolio as well as the $110,000 income. He was quoted as saying “Had I known there were ways to transition into retirement and still work and be engaged, I would have thought about doing it earlier.”

Retirement 45

Retirement Banking Numbers Financial Advising 45

WiserAdvisor

JUNE 11, 2025

A personalized retirement plan can help account for inflation, market volatility, and your shorter time horizon. You must make room in your budget for these rising costs to keep your retirement planning on track. Age: 60 and beyond If you are 60 or older, you may already be retired or are planning to retire very soon.

Budgeting 59

Budgeting Retirement Asset Allocation Accounting 59

Financial Symmetry

APRIL 28, 2025

When it comes to estate planning, there are many pieces to ensure that your heirs and loved ones are taken care of and have a clear understanding of your wishes. Any estate planning professional would tell you that the more you do while you are still living, the better.

Estate Planning 62

Estate Planning Accounting Insurance Distribution 62

Workable Wealth

MARCH 4, 2020

Retirement planning for the self-employed can seem complicated and, often out of reach. Without a traditional workplace 401(k), many business owners and freelancers aren’t sure how to start putting money toward retiring someday. A payment plan of “substantially equal payments” over your lifetime. These include: 1.

Retirement 52

Retirement Taxes Retirement Planning Accounting 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.

Healthcare 59

Healthcare Retirement Planning Retirement Planning 59

Random Roger's Retirement Planning

JUNE 12, 2025

We all know people who retired at 50 versus a video my wife was telling me about, a furniture upholsterer who is 94 and still works in the same shop that he and his wife have owned for 47 years. We all know people very well prepared for retirement and people who would appear to be in a lot of trouble. It's our own race.

Retirement 45

Retirement Numbers Portfolio Medical 45

Carson Wealth

JUNE 26, 2025

Retirement-related behavioral and financial changes raise many tax planning questions and opportunities. A trusted tax professional can help you implement these and other strategies to help you minimize taxes in retirement, helping your money last longer and you realize your goals.

Tax Planning 98

Tax Planning Retirement Taxes Planning 98

Carson Wealth

FEBRUARY 27, 2025

Like gardening or working out, tax planning is one of those activities where you get out what you put in. Tax planning is similar in the sense that you can put work in on the front end that youll reap benefits from later. This initial question may help you put together the rest of your tax planning strategies.

Taxes 105

Taxes Tax Planning Distribution Planning 105

Carson Wealth

JULY 10, 2025

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. These plans not only protect you from surprise bills, but also help ensure that your income will be protected in the event of illness or injury.

Insurance 52

Insurance Retirement Planning Retirement Accounting 52

Random Roger's Retirement Planning

NOVEMBER 8, 2024

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.

Asset Allocation 52

Asset Allocation Portfolio Medical Government 52

Random Roger's Retirement Planning

JANUARY 4, 2025

million to retire at 66 and at 65 and a half you have $900,000, you gotta figure out how to make that work (save more, work longer, spend less, all three). I plan to wait and have been clear that's for my wife in case I die young. Taking Social Security early is fine if it has been well thought out and planned.

Retirement 40

Retirement Planning Medical Numbers 40

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.

Retirement 52

Retirement Medical Clients Planning 52

Random Roger's Retirement Planning

JUNE 22, 2025

Walker Fire had quite the week.

Medical 59

Medical Portfolio Taxes Marketing 59

The Chicago Financial Planner

OCTOBER 21, 2021

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. According to Fidelity an average couple both aged 65 will spend $300,000 on medical costs in retirement.

Retirement Planning 193

Retirement Planning Accounting Retirement Planning 193

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.

Retirement Planning 98

Retirement Planning Retirement Planning Medical 98

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.

Financial Planner 240

Financial Planner Retirement Planning Financial Advisor Medical 240

Nerd's Eye View

DECEMBER 13, 2023

Specifically, HSAs offer a "Triple Tax Benefit" that includes tax-deductible contributions, tax-deferred growth, and tax-free withdrawals for qualified medical expenses. This can allow individuals to save a significant amount that can be withdrawn tax-free for medical expenses later in retirement.

Retirement 246

Retirement Medical Taxes Insurance 246

WiserAdvisor

MAY 22, 2025

With medical inflation outpacing general inflation, ignoring healthcare in your retirement plan is a risk no one can afford. Factoring in retirement healthcare costs is a smart move. And if you are unsure where to begin, talking to a financial advisor can help you build a more personalized and realistic retirement plan.

Healthcare 59

Healthcare Retirement Planning Retirement Planning 59

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. With increased life expectancy, the modern retirement plan may need to account for not only a longer life but also for the increased expectations during this phase.

Retirement Planning 52

Retirement Planning Retirement Planning Healthcare 52

Carson Wealth

SEPTEMBER 5, 2024

Navigating Medicare can be a daunting task, especially with the numerous plans and options available. However, choosing the right Medicare plan is crucial to ensure that you have the coverage you need as you move into retirement. Different plans cater to different needs. It runs annually from October 15th to December 7th.

Healthcare 141

Healthcare Medical Planning Retirement 141

Carson Wealth

JUNE 28, 2023

Your retirement income plan may be sending up bubbles, too, whether around Social Security, retirement account distributions, taxes or somewhere else – and these holes need to be patched up right away. So, to help your retirement plan be more airtight, let’s look at a few of the common leaks. Is Your Plan Airtight?

Retirement Planning 52

Retirement Planning Retirement Planning Distribution 52

Integrity Financial Planning

OCTOBER 19, 2023

1] This is the time when you can change your health plan and prescription drug coverage to adapt to your needs. [1] 1] Every year, there are changes to Medicare health plans and networks, so make sure that you know if your coverage is changing. [1] You can use this online tool to help you find plans. [2]

Medical 96

Medical Retirement Planning Retirement Planning 96

MainStreet Financial Planning

OCTOBER 24, 2024

A Health Savings Account (HSA) is a special type of savings account that allows individuals with a high-deductible health plan (HDHP) to save money pre-tax for future medical expenses. The funds can be used for qualifying medical costs like doctor visits, prescription medications, dental care, and vision services.

Accounting 98

Accounting Medical Healthcare Taxes 98

WiserAdvisor

SEPTEMBER 13, 2023

While grappling with various aspects of retirement planning, it is imperative to acknowledge a critical factor that often does not receive its due attention – longevity risk. While this is undoubtedly positive, it introduces the challenge of ensuring that your financial resources last an extended retirement period.

Retirement Planning 52

Retirement Planning Retirement Planning Risk Tolerance 52

Darrow Wealth Management

APRIL 15, 2024

But typically, it means the same thing: working in some capacity after retiring early. According to the 2024 State of Retirement Planning Study by Fidelity Investments, the rise of remote and hybrid work has shifted retirement preferences for working Americans under age 42. But that’s short-sighted.

Retirement 105

Retirement Retirement Planning Insurance Medical 105

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. However, if you plan on regularly accessing your U.S.

Retirement 143

Retirement Healthcare Taxes Medical 143

WiserAdvisor

NOVEMBER 4, 2022

In addition to this, you can save more and plan for more significant purchases with greater ease. For these reasons and several others, it is essential to follow specific financial planning tips for dual-income families. Is financial planning for dual-income families different from others? 7 Tips for dual-income families.

Financial Planning 93

Financial Planning Planning Taxes Financial Advisor 93

Ballast Advisors

SEPTEMBER 15, 2023

For those nearing age 65, it’s essential to understand the paths in and around Medicare regarding your financial plan. As a full-service financial planning firm, Ballast Advisors works closely with seasoned professionals in many areas of personal financial planning , like health insurance. You have choices.

Healthcare 97

Healthcare Medical Insurance Financial Planning 97

Nationwide Financial

AUGUST 15, 2022

2 Often, this is the first time that many Baby Boomers realize that decisions around Medicare aren’t just medical decisions; Medicare decisions also have significant financial implications. In the alternative, they may choose to enroll in a Medicare Advantage Plan, which is known as Medicare Part C. That also depends.

Clients 105

Clients Medical Planning Retirement 105

WiserAdvisor

JANUARY 16, 2024

This data can serve as a baseline for tailoring your retirement plan, taking into account factors such as inflation, your current age, and your desired retirement age. These figures can serve as a valuable reference point for individuals planning their retirement.

Retirement Planning 40

Retirement Planning Retirement Planning Financial Advisor 40

International College of Financial Planning

JULY 31, 2023

Retirement is a time to embrace your dreams and live a contended retirement life, but it requires meticulous financial planning and preparation. Retirement planning is even more critical for self-employed individuals as they lack the safety net of traditional benefits like PPF or LTA.

Financial Planning 52

Financial Planning Retirement Planning Retirement Planning 52

Your Richest Life

MARCH 8, 2024

Here are some of the top financial hurdles that women face, and what steps you can take to confidently achieve your money goals: Getting Involved with Finances: Financial Planning for Women Women are much more in control of their money than ever before. That being said, some companies are putting plans in place to ease that struggle.

Financial Planning 59

Financial Planning Planning Medical Retirement Planning 59