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

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. However, the licenses must be directly related to business activities.

License

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

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. At this stage, it becomes essential for you to consider working with a financial advisor, too.

Budgeting

WiserAdvisor

JULY 7, 2025

This has a lifetime limit of up to $10,000 You are paying for unreimbursed medical bills or health insurance premiums while being unemployed You are covering the costs of birth or adoption.

Planning

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

Financial Symmetry

APRIL 28, 2025

One of those items on the estate planning to-do list is making sure your investment accounts and life insurance policies have their beneficiary designations filled out. However, it’s one of the most important aspects of estate planning.

Estate Planning

WiserAdvisor

JUNE 27, 2025

To show you what’s possible and what’s necessary, if early retirement is something you want to pursue seriously. Even if you don’t plan to retire unusually early, starting your retirement planning now can dramatically improve your options later. What’s the earliest you can retire? That takes planning.

Retirement

Random Roger's Retirement Planning

JULY 31, 2025

All I can think of being that expensive is something medical not covered by insurance or a family member in some sort of serious trouble. There are certain basic building blocks to life and personal finance/retirement planning. We have all had these sorts of things happen.

Retirement Planning

WiserAdvisor

JUNE 26, 2025

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. It’s about protecting yourself from unpredictable, rising medical expenses that could quietly dismantle even the most disciplined savings strategy.

Healthcare

Random Roger's Retirement Planning

JULY 6, 2025

The medical field is certainly evolving from advances in technology regardless of which of these advances are AI or not. AI doing the same thing seems like an evolutionary step. Maybe several steps down the line there will be fewer people involved, that seems plausible but it might take a while to get there.

Retirement

Darrow Wealth Management

AUGUST 4, 2025

Other considerations: up-front access to the funds to cover medical expenses, an assisted living facility, or how either choice may impact Medicare eligibility. Consider working with a fee-only fiduciary wealth manager to stress test your retirement plan and help ensure your portfolio is invested properly throughout retirement.

Retirement

Random Roger's Retirement Planning

JUNE 12, 2025

Maybe my friend, or switch it around to her husband not liking his job, can retire at 62 and with the safety net of knowing he, or she, could take Social Security, can figure out how to monetize something else to maybe push back Social Security. Another friend is going through something very serious with a medical thing.

Retirement

Random Roger's Retirement Planning

JULY 29, 2025

We were not going to be providing medical care in this scenario but if the accident scene was a little more complicated than had been called in, we'd be able to address the situation more directly. I was second to arrive at the station house and our ambulance was already out, ready to go.

Medical

Carson Wealth

FEBRUARY 27, 2025

Qualified Charitable Distributions (QCDs) Your distributions from your retirement plans are reported on your 1099-R form , but the form doesnt specify how much went to a QCD. But if you are, there are some items you dont want to forget in your tax planning strategy. Medical Expenses If youre itemizing, anything above 7.5%

Taxes

Carson Wealth

JUNE 26, 2025

Of course, adjusting income will also depend on expenses such as mortgages, property taxes, medical bills, food, utilities, etc. Benefits of Roth Conversions On average, taxpayers with some retirement savings have more money saved in traditional tax-deferred accounts than in Roth accounts.

Tax Planning

Carson Wealth

JULY 10, 2025

One thing to consider when choosing health insurance: Many employers offer high-deductible health plans in addition to more comprehensive coverage. High-deductible plans often include Health Savings Accounts (HSAs), which can be a surprising retirement planning tool if utilized properly.

Insurance

Random Roger's Retirement Planning

JANUARY 4, 2025

I've said 100 times that waking up on day one of retirement and saying to yourself, "ok, now what am I going to do" is a very bad spot to be in. Have a garden, not so much to eat from although great if you do but have a garden because it requires planning and gives a reason to look to the future.

Retirement

Random Roger's Retirement Planning

JULY 19, 2025

In the diet and exercise part of the briefing today I relayed an anecdote about a recent medical call that maybe half the training attendees participated. A few weeks ago I mentioned one firefighter who is my age and retired, he has gone out on our engine a couple of times for out of area assignments.

Medical

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. Barron's says Bonds Are In Turmoil. No kidding.

Asset Allocation

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. Unlike other businesses, farms are often deeply intertwined with legacy and identity.

Retirement

Random Roger's Retirement Planning

JUNE 22, 2025

Walker Fire had quite the week.

Medical

Random Roger's Retirement Planning

AUGUST 11, 2025

An older member of my wife's family has been going through something medically serious for about a month. There is a lack of coordination between the medical team and random doctors who've popped in along the way, it's been a shitshow. They've been released and readmitted twice and is now getting released again.

Healthcare

Random Roger's Retirement Planning

JULY 21, 2025

Someone who gets hurt is certainly a different story and there are of course medical issues/events that have nothing to do with behavior modification. Disability: chronic maladies often lead to some sort of disability and that sort of disability is what can possibly be addressed with behavior modification.

Recruitment

The Chicago Financial Planner

OCTOBER 21, 2021

An HSA can serve as an additional retirement savings vehicle on top of your IRA or 401(k) to help cover healthcare and other retirement expenses. The rising cost of healthcare in retirement . According to Fidelity an average couple both aged 65 will spend $300,000 on medical costs in retirement. Vision care.

Retirement Planning

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. Retirement planning is an important part of financial security for women.

Retirement Planning

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. A survey showing how millionaires allocate their assets and the importance they place on the recommendations of their financial advisors.

Financial Planner

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

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

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

Integrity Financial Planning

OCTOBER 19, 2023

You can use this online tool to help you find plans. [2] 2] You can also call 1-800-MEDICARE to find out which plans are in your area. [2] 2] But before choosing a plan, make sure that it aligns with your financial situation and is the best fit for you personally. Unfortunately, exact medical costs are hard to estimate.

Medical

Carson Wealth

SEPTEMBER 5, 2024

Part B (Medical Insurance): Covers certain doctors’ services, outpatient care, medical supplies, and preventive services. These “bundled” plans include Part A, Part B, and usually Part D. Consider your medical history and any ongoing conditions. Do I require regular prescriptions, and are they covered under my plan?

Healthcare

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.

Retirement Planning

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

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

Darrow Wealth Management

APRIL 15, 2024

It goes by many different names: semi-retirement, partial or phased retirement, second career, and so on. But typically, it means the same thing: working in some capacity after retiring early. A partial retirement helps with the emotional transition There are two phases of retirement planning: time and money.

Retirement

Carson Wealth

OCTOBER 24, 2024

As a retiree, medical care will likely become more important, so you’ll want to ensure that you have reliable coverage and access to hospitals and specialists. One of the most common misconceptions is that Medicare will cover your medical expenses if you retire abroad.

Retirement