Estate Planning, Insurance Coverage and Taxes

What High-Net-Worth Prospects (Really) Want From A Financial Advisor

Nerd's Eye View

JANUARY 22, 2024

For example, an advisor may think of "risk management" in terms of life and property insurance coverage, whereas HNW clients may instead think of tax and estate-planning strategies as asset protection measures – particularly for the future wealth of their heirs.

Financial Advisor

Financial Advisor Insurance Coverage Estate Planning Charitable Planning

One-time and Ongoing Services to Offer Under the Fee-for-Service Model

AdvicePay

JUNE 13, 2024

Here are some examples of one-time and ongoing services you can offer clients under the fee-for-service model: One-Time Services Ongoing Services Comprehensive Financial Plan Ongoing Financial Planning Second Opinion Engagement Advising on Held-Away Accounts Student Loan Analysis Tax Planning Portfolio Tax Efficiency Review Estate Planning Housing (..)

Insurance Coverage

Insurance Coverage Financial Planning Estate Planning Tax Planning

11 Financial Tips for Starting a Family

MainStreet Financial Planning

JUNE 13, 2023

Update your life and disability insurance. Now more than ever you want to have appropriate life and disability insurance coverage, so if something unexpected happens your family will be OK. Take advantage of tax breaks. Be sure to take advantage of child and dependent care tax credits when filing your taxes.

Insurance Coverage

Insurance Coverage Budgeting Healthcare Estate Planning

Webinars

Book of Secrets on the Month-End Close

Are Robots Replacing You? Keeping Humans in the Loop in Automated Environments

MORE WEBINARS

Year-End Financial Checklist

Walkner Condon Financial Advisors

NOVEMBER 11, 2022

Bear in mind that IRA accounts do have income restrictions so it is important to work with your financial advisor or tax preparer to determine if you are eligible to contribute in 2022. Assuming you are eligible, these accounts can be quite tax advantageous for your overall financial situation. 529 College Savings Plans.

Insurance Coverage

Insurance Coverage Retirement Planning Financial Advisor Taxes

The 5 Pillars of Retirement Planning You Should Be Aware of

WiserAdvisor

MARCH 13, 2024

Investment planning also plays a crucial role in tax optimization, enabling you to minimize tax liabilities and maximize after-tax returns. Additionally, tax-loss harvesting, and other tax-optimization strategies can further improve the tax efficiency of your investment portfolio, thereby enhancing overall returns.

Retirement Planning

Retirement Planning Retirement Planning Estate Planning

4 Pitfalls of Not Having a Financial Plan

Carson Wealth

APRIL 25, 2024

Retirement planning: Calculate retirement needs and contribute regularly to retirement accounts. Insurance coverage: Evaluate insurance needs for health, life, disability, long-term care and property, ensuring adequate coverage. This blog is not intended to provide specific legal, tax, or other professional advice.

Financial Planning

Financial Planning Planning Retirement Insurance Coverage

Financial Planning That Helps Clients Weather Disasters

eMoney Advisor

DECEMBER 6, 2022

After all, if your services include coordination with their estate planning, insurance, and more, you need to have a secure way they can share that data with you. They can check their homeowner’s insurance coverage before making a claim once the storm has passed. Sources: 1.

Financial Planning

Financial Planning Clients Planning Estate Planning

How Much To Save For A Baby + Key Savings Tips New Parents

Clever Girl Finance

AUGUST 19, 2024

Plan for long-term baby expenses 5. Review your maternity leave and insurance coverage 6. Update your life insurance policy 8. Create or revise your estate plan 9. Plan for emergency expenses 11. If you already have an estate plan, make sure to update it to include your new baby.

Insurance Coverage

Insurance Coverage Budgeting Medical Insurance

Ten Steps To Creating A Solid Financial Plan For Yourself

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.

Financial Planning

Financial Planning Planning Budgeting Insurance

Serving Clients at All Stages of the Financial Planning Lifecycle Effectively and Efficiently

eMoney Advisor

FEBRUARY 9, 2023

Financial Planning Needs: Retirement planning Education and family planning Obtaining appropriate insurance coverage Business and tax planning Significant asset purchases Strategies for Serving Clients in This Stage: Clients at this stage are experiencing life events — both large and small — that will impact their financial planning needs.

Financial Planning

Financial Planning Clients Planning Education

How Will My Financial Plan Change Over the Course of My Life?

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.

Financial Planning

Financial Planning Planning Retirement Estate Planning

7 Types Of Financial Emergencies And How To Be Prepared

Clever Girl Finance

OCTOBER 13, 2022

There are tons of different types of insurance to help protect your financial situation, including: Health insurance. Property insurance. Life insurance. Disability income insurance. Pet insurance. Business insurance. You pay the first $50, and your insurance covers the remaining $100.

Medical

Medical Insurance Estate Planning Accounting

12 Steps To Creating A Solid Financial Plan For Yourself

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.) Plan for taxes Yup, taxes! Plan for taxes Yup, taxes!

Financial Planning

Financial Planning Planning Budgeting Retirement

The Money Tasks You’re Avoiding And How To Make Progress (Part 1)

Workable Wealth

NOVEMBER 11, 2020

One of the most common questions about life insurance is how much coverage you’ll need. Your coverage level is unique to you and your situation. Existing insurance coverage. All of these should spark review to potentially increase coverage that meets your changing needs. Family size and additional income.

Estate Planning

Estate Planning Insurance Financial Planning Planning

Protecting What’s Yours (After You Pass)

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. What if you die intestate (without a will)? How Can We Help?

Estate Planning

Estate Planning Planning Assets Retirement Planning

Protecting What’s Yours (After You Pass)

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. How Can We Help? .

Estate Planning

Estate Planning Planning Assets Retirement Planning

Sound Strategies for Crafting Your Retirement Investment Portfolio

Fortune Financial

SEPTEMBER 29, 2022

HSAs are the only current vehicles that have a triple benefit: 1) contributions reduce current year taxable income; 2) accounts grow tax-deferred; and 3) if funds are used for medical-related expenses, they are tax-free. Here’s a quick example of why an HSA is more valuable than a pre-tax IRA for medical expenses.

Retirement

Retirement Portfolio Retirement Planning Investing

The Battle of Advice: ChatGPT vs. a Financial Advisor on Retirement Planning

WiserAdvisor

JULY 27, 2023

Furthermore, ChatGPT may have limitations in reflecting recent policy changes or potential mathematical fallacies that can impact retirement and tax planning strategies. This blog explores the strengths and limitations of employing ChatGPT vs. a financial advisor when planning for retirement.

Retirement Planning

Retirement Planning Financial Advisor Retirement Planning

6 Financial New Year’s Resolutions for 2023

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.

Estate Planning

Estate Planning Retirement Budgeting Financial Advisor

5 Tips to Build an Investment Portfolio for Retirement

WiserAdvisor

JANUARY 3, 2024

Five retirement investing tips to build the ideal portfolio for your golden years Tip 1: Ensure your investment portfolio includes tax-advantaged accounts Building an ideal retirement portfolio begins with optimal use of tax-advantaged accounts like Roth and Traditional options.

Retirement

Retirement Portfolio Investing Investments

Strategic Advisory Letter | 2015 Year-End Planning Checklist

Brown Advisory

NOVEMBER 12, 2015

Strategic Advisory Letter | 2015 Year-End Planning Checklist. 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. Thu, 11/12/2015 - 11:10.

Planning

Planning Taxes Distribution Medical

Why do Physicians Need Financial Advisors and How to Find Them

WiserAdvisor

DECEMBER 1, 2023

It also puts physicians in the upper slabs of federal tax brackets. Tax is one of the most significant cash outflows for physicians, which they cannot ignore. They bring a wealth of expertise in developing tax-efficient strategies to ensure physicians are able to retain more of their hard-earned income.

Financial Advisor

Financial Advisor Medical Insurance Education

REWORK: The Importance Of Life Insurance For Your Finances

Clever Girl Finance

JANUARY 4, 2024

Additionally, life insurance benefits could help cover big life expenses for your beneficiaries, such as college tuition. Tax-free inheritance for your heirs Did you know life insurance has tax benefits? For example, in general, most life insurance payouts are tax-free for beneficiaries.

Insurance

Insurance Retirement Medical Taxes

The Benefits Of Life Insurance: Evaluating Your Needs

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.

Insurance

Insurance Budgeting Taxes Insurance Coverage

The Importance Of Life Insurance For Your Finances

Clever Girl Finance

JANUARY 4, 2024

Additionally, life insurance benefits could help cover big life expenses for your beneficiaries, such as college tuition. Tax-free inheritance for your heirs Did you know life insurance has tax benefits? For example, in general, most life insurance payouts are tax-free for beneficiaries.

Insurance

Insurance Retirement Medical Taxes

How Your Health Should Factor Into Your Financial Planning

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.

Financial Planning

Financial Planning Planning Medical Healthcare

6 Financial Planning Mistakes Physicians Make

WiserAdvisor

JULY 3, 2023

It can require a deep understanding of personal finance, investment strategies, tax implications, and more. A financial advisor can help you understand the intricacies of financial planning for physicians. Physicians may also get a 403b or 457b plan. Managing and optimizing this income can be complex.

Financial Planning

Financial Planning Planning Financial Advisor Medical

Retirement Planning Tips: How Much an Average Person 65 and Older Spends Every Month

WiserAdvisor

JANUARY 16, 2024

Beyond retirement, 401(k) plans can play a crucial role in estate planning, too. 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. The tax-deferred structure of a 401(k) is a compelling feature.

Retirement Planning

Retirement Planning Retirement Planning Financial Advisor

Financial Advisor Source

What High-Net-Worth Prospects (Really) Want From A Financial Advisor

One-time and Ongoing Services to Offer Under the Fee-for-Service Model

Webinars

Trending Sources

11 Financial Tips for Starting a Family

Webinars

Year-End Financial Checklist

The 5 Pillars of Retirement Planning You Should Be Aware of

4 Pitfalls of Not Having a Financial Plan

Financial Planning That Helps Clients Weather Disasters

How Much To Save For A Baby + Key Savings Tips New Parents

Ten Steps To Creating A Solid Financial Plan For Yourself

Serving Clients at All Stages of the Financial Planning Lifecycle Effectively and Efficiently

How Will My Financial Plan Change Over the Course of My Life?

7 Types Of Financial Emergencies And How To Be Prepared

12 Steps To Creating A Solid Financial Plan For Yourself

The Money Tasks You’re Avoiding And How To Make Progress (Part 1)

Protecting What’s Yours (After You Pass)

Protecting What’s Yours (After You Pass)

Sound Strategies for Crafting Your Retirement Investment Portfolio

The Battle of Advice: ChatGPT vs. a Financial Advisor on Retirement Planning

6 Financial New Year’s Resolutions for 2023

5 Tips to Build an Investment Portfolio for Retirement

Strategic Advisory Letter | 2015 Year-End Planning Checklist

Why do Physicians Need Financial Advisors and How to Find Them

REWORK: The Importance Of Life Insurance For Your Finances

The Benefits Of Life Insurance: Evaluating Your Needs

The Importance Of Life Insurance For Your Finances

How Your Health Should Factor Into Your Financial Planning

6 Financial Planning Mistakes Physicians Make

Retirement Planning Tips: How Much an Average Person 65 and Older Spends Every Month

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