Carson Wealth

JANUARY 4, 2024

While from a behavioral standpoint some suggest you should tackle low balance accounts first, a financial planning approach suggests you tackle high interest rate debt first. Proper insurance coverage: One of the biggest risks for many people in their 30s is they’re still acting as if they’re invincible.

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Walkner Condon Financial Advisors

NOVEMBER 11, 2022

These plans will not be offered to everyone and have restrictions for use. TAX AND ESTATE PLANNING. Insurance Amounts . Another overlooked area of a sound financial plan is insurance coverage and their respective coverage amounts. Tax Loss Harvesting.

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Insurance Coverage Retirement Planning Taxes Financial Advisor 98

Yardley Wealth Management

JANUARY 18, 2022

Protecting What’s Yours (After You Pass) In our last piece, we emphasized the importance of estate planning as the greatest gift you can bequeath to your loved ones, to reduce their painful stress load during an already stressful time. A Handy Checklist Estimate your net worth, including assets and debts. Who Gets What?

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Yardley Wealth Management

JANUARY 18, 2022

In our last piece, we emphasized the importance of estate planning as the greatest gift you can bequeath to your loved ones, to reduce their painful stress load during an already stressful time. If you’ve been putting off your estate planning, taking the initial steps can be daunting—but liberating. Who Gets What?

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Estate Planning Planning Retirement Planning Assets 52

eMoney Advisor

FEBRUARY 9, 2023

According to a Fidelity study, 45 percent of younger investors are more inclined to consolidate their assets with one advisor as opposed to spreading assets across multiple advisors. Due to that, your service should focus on holistic planning and interactive scenario planning during this stage.

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WiserAdvisor

JULY 27, 2023

They will have access to more detailed information about your assets, income, expenses, and risk tolerance, which is crucial for crafting a comprehensive retirement strategy. Assess Your Current Financial Situation: Gather information about your current income, expenses, assets, and debts.

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Retirement Planning Financial Advisor Retirement Planning 52

Workable Wealth

NOVEMBER 11, 2020

Your coverage level is unique to you and your situation. Existing insurance coverage. Current portfolio and retirement assets. All of these should spark review to potentially increase coverage that meets your changing needs. Keep in mind, not everyone needs life insurance. Family size and additional income.

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Fortune Financial

SEPTEMBER 29, 2022

In the beginning of your retirement planning, it is a good idea to hold more assets with the potential of generating excess returns to compensate for inflation, rather than holding lower-risk assets. . Each year we update these projections based on current information such as changes in income, assets, inflation, etc. .

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Clever Girl Finance

DECEMBER 1, 2022

It details your current money situation, as well as your financial system, including things like investing, saving, retirement, and estate plans. So what is a financial plan in simple terms? The right type of insurance coverage (Life, health, disability, home, etc.). Determine the type of financial plan you need.

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Clever Girl Finance

OCTOBER 13, 2022

However, much of the cost of a divorce depends on the relationship between spouses, the number of assets, children, and the state of filing. There are tons of different types of insurance to help protect your financial situation, including: Health insurance. Property insurance. Life insurance. Pet insurance.

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WiserAdvisor

JANUARY 10, 2023

New Year’s financial resolutions vary based on one’s financial situation and future goals, and can be anything from getting your finances in order, saving more for retirement, improving your credit score, to building an emergency fund, paying off your debts, creating an estate plan, and more. Draft a foolproof estate plan.

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Clever Girl Finance

MARCH 19, 2024

It details your current money situation and financial system, including investing, saving, retirement, and estate planning. your short, mid-term, and long-term goals) The right types of insurance coverage (Life, health, disability, home, etc.) Then, grow your assets, and your net worth will grow over time.

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WiserAdvisor

DECEMBER 1, 2023

A financial advisor for doctors can be an indispensable asset, offering insights to these specialized professionals on how to manage their money. From dividing assets to managing ongoing financial responsibilities, expert financial advice for physicians can help mitigate the impact of this challenging life transition.

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Clever Girl Finance

DECEMBER 16, 2022

List out all of your financial assets and their current value. This includes bank accounts , investments, and real estate property. For instance, you can create a financial plan that includes: Your new budget. A savings plan. A debt repayment plan. A risk mitigation plan (ex. An investment strategy.

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WiserAdvisor

JANUARY 3, 2024

Moreover, not only can 401(k)s be used in retirement, but they can also play a crucial role in estate planning. In such situations, it is advisable to roll over your 401(k) from your previous employer to your new employer’s plan, if available. Moreover, real estate has long been recognized as a hedge against inflation.

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Clever Girl Finance

MAY 15, 2024

In most cases, the advantages of life insurance outweigh the disadvantages—by a lot. Let’s take a closer look at the distinct benefits of life insurance. Help protect your loved ones Life insurance is an important part of your estate planning checklist.

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Clever Girl Finance

JANUARY 4, 2024

In fact, having life insurance is protection for you and your loved ones that can minimize or potentially eliminate financial distress. And it’s something you want to seriously consider, especially if you have kids or dependents or hold assets like a home. When you pass, your assets go to your heirs.

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WiserAdvisor

MAY 3, 2023

While some employers provide disability insurance coverage, it may not be enough to cover all expenses. A personal disability insurance policy can supplement the coverage provided by an employer. Invest in long-term care insurance It is projected that by 2040, about one in five Americans will be 65 or older.

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Clever Girl Finance

JANUARY 4, 2024

In fact, having life insurance is protection for you and your loved ones that can minimize or potentially eliminate financial distress. And it’s something you want to seriously consider, especially if you have kids or dependents or hold assets like a home. When you pass, your assets go to your heirs.

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WiserAdvisor

JULY 3, 2023

You can plan for various goals like buying a house, retirement, and saving for a child’s higher education. This way, you can invest in different assets, build wealth over time, and work towards ensuring your financial independence for life. With a budget, you can also identify opportunities to save and invest.

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WiserAdvisor

JANUARY 16, 2024

Beyond retirement, 401(k) plans can play a crucial role in estate planning, too. Diversifying your investments across different asset classes is imperative to mitigate risk and enhance overall returns. Additionally, if you have insurance coverage or external financial support, it may impact the necessary fund size.

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Brown Advisory

NOVEMBER 12, 2015

As 2015 comes to a close, we remind our clients and friends of how important it is take time to review new tax rules, consider tax-saving opportunities and review investment and asset-protection plans before year’s end. Re-examine asset location.

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