MainStreet Financial Planning

JUNE 2, 2022

Without sufficient insurance coverage, a homeowner is at risk of having to pay out of pocket to rebuild their home after a disaster. Here are the 8 types of insurance coverage that you will want to review to see if you have sufficient coverage for your home. Replacement cost coverage (aka “Dwelling”).

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Clever Girl Finance

DECEMBER 1, 2022

The right type of insurance coverage (Life, health, disability, home, etc.). Insurance is essentially your backup plan that will protect your assets in the event a life circumstance happens that requires a large amount of money to resolve. Then grow your assets, and over time, your net worth will start to grow.

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Clever Girl Finance

MARCH 19, 2024

your short, mid-term, and long-term goals) The right types of insurance coverage (Life, health, disability, home, etc.) Get the right insurance After working so hard to earn your money, the last thing you want is an unplanned occurrence to wipe you out. Then, grow your assets, and your net worth will grow over time.

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Harness Wealth

DECEMBER 19, 2022

Understand the tax implications associated with crypto assets. Gone are the days of only keeping your money in traditional banking, savings, and brokerage accounts — with compensation in the form of equity and digital assets such as crypto, it can be hard to keep track of all of your disparate accounts, assets, and investments.

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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. each of these events can profoundly impact an individual’s financial situation. In addition to malpractice coverage, physicians should consider umbrella liability insurance.

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Nationwide Financial

OCTOBER 1, 2022

Advisors and financial professionals have an opportunity to add value by helping business clients assess their existing protection strategies and identify gaps or blind spots that could trip them up in the future, such as: People risk – What happens if a business loses its most valuable asset or fails to attract the talent it needs to grow?

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WiserAdvisor

OCTOBER 31, 2023

It is important to avoid investing all your money in a single asset class, market cap, or market. But diversification is not just about having different types of assets. These events can bring new responsibilities. Your assets might need to be split, and you could find yourself obligated to pay alimony.

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Carson Wealth

JUNE 28, 2023

Some of the methods which tend to maximize tax savings from charitable gifts include donating non-cash assets, such as appreciated securities, and grouping several years’ worth of charitable giving into a single tax year, possibly through a Donor Advised Fund (DAF). The daily commute might be traded for an increase in leisure travel.

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Gen Y Planning

OCTOBER 13, 2023

Each “bucket” might have different types of asset allocation, and associated risk, because you’re using them at different times for different purposes. You won’t need as many business-casual clothes for conferences or work events, and you can shed many belongings that have ongoing expenses or require upkeep.

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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. Income Taxes. Here are some suggestions for limiting your 2015 income tax exposure.

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WiserAdvisor

JANUARY 3, 2024

In the event of your demise, the funds held in a 401(k) can be passed on to your heirs. Tip 2: Include inflation-beating assets like stocks Stocks offer the potential for long-term appreciation and the ability to provide income through dividends. As prices rise, so does the value of real assets.

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WiserAdvisor

JANUARY 10, 2023

You can estimate your current net worth by taking into account your assets like cash, real estate, cash, investments, gold, etc., In addition, ensure you have adequate insurance coverage. Choose the right insurance products based on your age and financial needs.

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WiserAdvisor

JANUARY 16, 2024

In the unfortunate event of your passing, the funds held in a 401(k) can be passed on to your heirs, offering them a tax-advantaged account. Diversifying your investments across different asset classes is imperative to mitigate risk and enhance overall returns. This ensures a robust financial cushion to weather unexpected storms.

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Mr. Money Mustache

JANUARY 29, 2021

I can now safely remain fully invested, and in the unlikely event of one of those “emergencies” above, I can just pull out any amount of money I might desire. Finally, with cash you eliminate any loan origination fees and you can choose your own insurance coverage and deductible, since you are the only one at risk.

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Carson Wealth

APRIL 25, 2024

And while experiencing one of these major events can drastically impact your life, having an effective financial plan can help ensure that it doesn’t ruin your financial well-being. Investment strategy: Determine asset allocation and investment vehicles aligned with risk tolerance and financial goals. Let’s break each one down.

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WiserAdvisor

MARCH 13, 2024

At its core, investment planning ensures that your financial resources are strategically allocated to various asset classes in accordance with your risk tolerance and investment objectives. Health insurance can be instrumental in tackling the escalating costs of healthcare. It serves as a fundamental risk management strategy.

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International College of Financial Planning

MARCH 11, 2023

By doing so, you can achieve financial stability, protect your assets, and secure your financial future. Financial planning helps you prepare for unexpected events like job loss, illness, or emergencies. Plan for Estate: Create a plan to distribute your assets after death and ensure that your loved ones are taken care of.

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James Hendries

FEBRUARY 23, 2023

Insurance is essential to preserve small businesses, cover their assets, and safeguard their employees. Here are some types of insurance coverage a small business should have and why this is critical to your financial plan. General Liability An important part of small business insurance coverage is general liability.

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Financial Planning Insurance Insurance Coverage Planning 40

Carson Wealth

SEPTEMBER 7, 2023

By Matt Lewis, CLTC ® Life insurance is one of the most versatile financial assets available to us. With so many different types of life insurance, finding the most suitable policy takes careful consideration. Some key points that consumers should know are: Premiums are generally lower compared to other types of life insurance.

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Clever Girl Finance

OCTOBER 13, 2022

A financial emergency is any event that causes you to have an unexpected bill or expense. Generally, you’ll know well in advance how much money you want to spend on these events. In a financial emergency, you don’t usually have time to save up for the event. What types of unexpected events can put you into a financial emergency?

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Medical Insurance Estate Planning Accounting 108

Carson Wealth

JULY 19, 2022

Executive benefits can include company-provided vehicles, housing stipends, extensive moving expenses, access to a corporate jet, country club memberships, sporting-event seating, executive dining, and supplemental disability, life, healthcare and wellness plans. Exercising the ISO may trigger an Alternative Minimum Tax event. .

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Gen Y Planning

JULY 1, 2023

But just because they’re hard to think about doesn’t mean you shouldn’t consider the possibility of an unexpected event. Review Insurance Coverage One of the most effective ways to financially prepare for the unexpected is to incorporate the right insurance coverage into your financial plan.

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Clever Girl Finance

DECEMBER 16, 2022

This decision is often marked by a significant date or event– like starting new goals on January 1st. List out all of your financial assets and their current value. Insurance coverage , will, estate plan , etc.). What does it mean to start a new chapter in life and why is it important? A savings plan.

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Budgeting Insurance Coverage Planning Accounting 59

WiserAdvisor

MAY 3, 2023

Disability insurance can help cover living expenses, medical bills, and other necessary costs for your loved ones. An accident can occur anytime and without warning, which is why it is crucial to plan for such adverse events. In the event of a severe illness or injury, you may become unable to work, resulting in a loss of income.

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Carson Wealth

DECEMBER 7, 2022

Establishing Appropriate Insurance Coverage  . But as more people, organizations and family finances are dependent on you, your need for insurance has never been greater. Insurance that protects your property, as well as liability coverage – In our 30s we tend to accumulate wealth in the form of property.

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Clever Girl Finance

MAY 15, 2024

The right life insurance plan can provide the windfall needed to start the process of building generational wealth. Generational wealth refers to assets that pass from one generation to the next. These assets continue to grow over time, providing each future generation with a larger financial safety net. In many cases, yes!

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Insurance Budgeting Taxes Insurance Coverage 52

Good Financial Cents

OCTOBER 24, 2022

Life insurance is about making final provisions for your loved ones in the event of your death. But there’s more involved in those provisions than just life insurance. Unlike Bestow , Haven Life , and Ladder Life , Fabric offers accidental death insurance coverage. Do you have life insurance through work?

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Good Financial Cents

AUGUST 19, 2023

Typical obligations to add when calculating the amount you need Here’s a list of all the different obligations you may want to have life insurance cover in the unfortunate event you pass away early. This alone can require a $1 million life insurance policy. 1 Million Term Life Insurance vs. Whole Life?

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