Nerd's Eye View

FEBRUARY 15, 2023

One such strategy is to advise clients to keep track of any qualified medical expenses they incur after establishing the HSA – even those that are paid for from funds outside the HSA. Health Savings Accounts (HSAs) feature useful tax advantages that make them a popular savings vehicle.

Distribution 246

Distribution Taxes Medical Accounting 246

Abnormal Returns

JULY 13, 2022

peterlazaroff.com) Estate planning Why you need an estate plan. morningstar.com) Much of medical debt is being removed from credit reports. (standarddeviationspod.com) Peter Lazaroff talks with Brian Feroldi author of "Why Does The Stock Market Go Up?: wsj.com) How a HECM mortgage works. visualcapitalist.com).

Estate Planning 187

Estate Planning Medical Financial Advisor Planning 187

Nerd's Eye View

JANUARY 8, 2024

is the projected future direction of medical care, where, instead of taking a reactive approach to disease and illness, healthcare practitioners instead invest more energy focusing on preventing illness and maintaining good health in the first place through more personalized plans for patients.

Financial Advice 245

Financial Advice Medicine Financial Planning Estate Planning 245

Nerd's Eye View

AUGUST 23, 2024

Read More.

Financial Planner 245

Financial Planner Retirement Estate Planning Clients 245

Nerd's Eye View

AUGUST 3, 2022

Childfree clients can also face unique estate planning challenges. Also, because they might not have any immediate relatives, Childfree clients might explore the option of using a professional trustee and fiduciary as their executor, POA, and medical proxy.

Financial Planning 246

Financial Planning Planning Insurance Clients 246

eMoney Advisor

FEBRUARY 22, 2023

And if they’re unprepared—or worse, if the family estate planning strategies are less than buttoned up—how will that affect your practice down the line? To start the conversation with clients preparing to transfer wealth, you can simply say: “Tell me about who in the family was involved in the development of your estate plan.”

Estate Planning 75

Estate Planning Planning Education Clients 75

MainStreet Financial Planning

NOVEMBER 8, 2024

Consider: – Mortgage Interest: Making an extra mortgage payment to increase deductible interest. – Medical Expenses: Scheduling and paying for medical procedures or expenses before year-end, especially if they exceed 7.5%

Taxes 98

Taxes Medical Consulting Education 98

Carson Wealth

FEBRUARY 8, 2023

On a basic level, if you have an estate plan, you control who will receive your property upon your death. An estate plan can also protect you in the event of an unforeseen life-altering medical emergency. Most Americans need an estate plan of some kind, and most Americans don’t have one.

Estate Planning 52

Estate Planning Planning Financial Advisor Wealth Advisor 52

Park Place Financial

SEPTEMBER 8, 2022

ESTATES Family Estate Planning: The 6 Essentials Schedule a Complimentary Financial Review CLICK HERE TO SCHEDULE. According to one survey, 67% of Americans have no estate plan, which may reflect an aversion to thinking about dying or getting gravely ill. Navigate Family Estate Planning with Park Place Financial .

Estate Planning 52

Estate Planning Planning Certified Financial Planner Medical 52

Harness Wealth

JUNE 23, 2023

Estate planning is a critical component of a comprehensive financial plan. Furthermore, estate planning includes aspects such as tax minimization strategies, asset protection, and charitable giving. There are many different types of trusts, each designed to address specific estate planning needs.

Estate Planning 52

Estate Planning Financial Planning Planning Taxes 52

WiserAdvisor

MARCH 13, 2024

Pillar 2: Healthcare planning Healthcare considerations are one of the most significant financial burdens you will likely face during your golden years. As the cost of medical care continues to rise, prioritizing healthcare planning becomes imperative to safeguarding your financial well-being in retirement.

Retirement Planning 105

Retirement Planning Retirement Planning Estate Planning 105

Carson Wealth

APRIL 4, 2024

1 It’s important to have these conversations – and it’s vital to have them before cognitive decline or a medical emergency occurs. Information you’ll want to document includes: Bank accounts Investments Retirement accounts Estate planning documents (wills, trusts, etc.)

Management 137

Management Healthcare Medical Estate Planning 137

Pacifica Wealth

FEBRUARY 9, 2022

Like the other POAs, the Healthcare POA specifically addresses the decisions the attorney-in-fact can make for the principal—usually the decisions are related to medical treatment, medication, discharge, blood transfusions, etc. Use an estate-planning attorney to draft a POA. Who needs it? How much should it cost?

Estate Planning 52

Estate Planning Planning Healthcare Medical 52

WiserAdvisor

APRIL 19, 2024

While a financial plan focuses on managing your finances during your lifetime, an estate plan is essential for determining the fate of your assets after you pass away. Estate planning involves the transfer of your assets to your heirs in the event of your passing.

Estate Planning 45

Estate Planning Planning Distribution Accounting 45

Zajac Group

NOVEMBER 7, 2024

Creating wealth that can provide financial security for generations to come is an incredible feat, and it requires careful planning, consideration, and communication among family members. Are You in the Process of Building Your Estate Plan? And for those with equity compensation in the mix, some extra consideration is required.

Planning 52

Planning Estate Planning Taxes Assets 52

Carson Wealth

JUNE 29, 2022

There were hard feelings — a lot of wondering why her parents had skipped her in their estate planning. . Not talking to your family about your estate plan has the potential to create chaos and make your family feel unprepared. . Your Estate Plan and Picking Powers of Attorney. At the minimum, share: .

Estate Planning 52

Estate Planning Planning Communication Healthcare 52

Clever Girl Finance

OCTOBER 13, 2022

Medical emergency. Data from the Kaiser Family Foundation (KFF) highlights that around 41% of American adults have debt from medical or dental bills. When a medical emergency strikes, however, the cost is probably the last thing on your mind. I recently experienced a medical emergency (and the resulting financial emergency).

Medical 93

Medical Insurance Estate Planning Accounting 93

WiserAdvisor

JUNE 6, 2023

However, given the high value of wealth, it becomes all the more critical for high-net-worth individuals to plan their finances optimally. Estate planning is one of the key components of financial planning these individuals need to focus on. and estate planning can help you discover these.

Estate Planning 40

Estate Planning Planning Taxes Insurance 40

Integrity Financial Planning

JUNE 27, 2023

By staying healthy, retirees can reduce medical expenses, enjoy a higher quality of life, and preserve their wealth for future generations in doing so. 4] Leaving a Legacy for Future Generations To ensure the preservation of generational wealth, retirees must plan for the distribution of their assets after their passing.

Retirement 98

Retirement Healthcare Financial Planning Estate Planning 98

Integrity Financial Planning

NOVEMBER 20, 2023

You can start to gauge what you need and what needs to change about your financial plan in order to make the most out of your retirement. This is also the time when considering medical insurance and Medicare options are both important. [1]

Retirement 88

Retirement Budgeting Medical Distribution 88

Clever Girl Finance

AUGUST 19, 2024

But with the right planning, you can confidently figure out how much to save for a baby and still stay on track with your financial goals! 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 93

Insurance Coverage Budgeting Medical Insurance 93

MainStreet Financial Planning

MAY 10, 2024

Legal Concerns and Estate Plans – Do you have a current Estate Plan? Useful Resources: Navigating Solo Network Resources Library Essential Planning for Solo Agers Solo Aging and the Importance of Building a Local Support Network How to Build Your MicroBoard (And Be The Chair of Your Board!)

Planning 98

Planning Estate Planning Healthcare Medical 98

Darrow Wealth Management

APRIL 25, 2023

In addition to making funeral arrangements and notifying family and friends, another priority is alerting your estate planning attorney and financial advisor. Asset Titling, Beneficiary Elections, and Probate The estate planning attorney is going to be critical here. But not everything needs to get done today.

Estate Planning 85

Estate Planning Accounting Taxes Retirement 85

Clever Girl Finance

AUGUST 22, 2022

You should also get a good health insurance policy for you and your family to protect you against the financial hardship of medical bills. Have a will and estate plan. While it’s not a fun topic, having a will and estate plan can help your family navigate during a difficult time once you’re gone.

Wealth Accumulation 105

Wealth Accumulation Budgeting Estate Planning Insurance 105

The Big Picture

JANUARY 21, 2025

And I think you will also, if you are at all curious about estate planning or investing or personal finance, this is not the usual discussion and I think it’s very worthwhile for you to hear this and share it with friends and family. And I, I found it to be an absolutely fascinating conversation.

Investing 147

Investing Investments Management Retirement 147

MainStreet Financial Planning

MAY 17, 2023

Skilled Nursing: Medical facilities that offer a higher level of care, particularly for individuals with complex health needs, providing specialized medical services and round-the-clock support. It’s Never too Late to Start Planning There is a saying, “If you don’t make a plan, a plan will be made for you”.

Retirement 98

Retirement Medical Financial Planner Planning 98

Clever Girl Finance

FEBRUARY 7, 2023

Be sure to make a plan to pay off credit cards, loans , and medical bills as quickly as you can so you can start creating more wealth for future generations. How to pass on generational wealth Now you know how to build wealth and the generational wealth meaning, but you’ll also need to create a plan to pass it along.

Education 105

Education Estate Planning Accounting Planning 105

MainStreet Financial Planning

AUGUST 8, 2022

They’ve learned to balance the many facets of parenting aging parents, including medical, financial, and everyday-life decisions, emotional rollercoasters, protecting their parents from scams, and more, all while parenting their college-age kids, and building their careers.

Financial Planning 98

Financial Planning CFP Medical Retirement 98

James Hendries

JUNE 29, 2022

However, as your children grow older, it can work to your advantage—and that of your entire family— to share with them key financial, medical, and estate planning information. This document specifies an individual’s preferences regarding the administering or withholding of life-sustaining medical treatment. Living Will.

Medical 52

Medical Insurance Estate Planning Planning 52

Nationwide Financial

MARCH 6, 2023

For example, they could make most of their charitable contributions and medical expenditures in a year they plan to itemize. For example, they could make most of their charitable contributions and medical expenditures in a year they plan to itemize.

Tax Planning 78

Tax Planning Taxes Planning Distribution 78

Workable Wealth

NOVEMBER 11, 2020

Prepare Your Estate Planning Documents. People have a laundry list of reasons to avoid estate planning. Let’s look at some key estate planning documents: Will. A will outlines your wishes for your estate. Medical Directive. Keep in mind, not everyone needs life insurance.

Estate Planning 52

Estate Planning Insurance Financial Planning Planning 52

WiserAdvisor

OCTOBER 30, 2023

Understand your condition, prepare for all the questions that the doctor would ask, ensure all your test reports and medical history documents are in order and so on. Consider the needs of your family A sound financial plan always has room for the needs of the family members. What do you do before you visit a doctor?

Financial Advisor 74

Financial Advisor Medical Planning Assets 74

Fortune Financial

SEPTEMBER 29, 2022

However, this thought can be unrealistic if you are still paying on a mortgage, or if any unexpected medical expenses arise. One major financial factor to consider is that longer lifespans tend to increase medical-related expenses during retirement years. Stay on Top of Estate Planning.

Retirement 52

Retirement Portfolio Retirement Planning Investing 52

Integrity Financial Planning

NOVEMBER 20, 2023

You can start to gauge what you need and what needs to change about your financial plan in order to make the most out of your retirement. This is also the time when considering medical insurance and Medicare options are both important. [1]

Retirement 52

Retirement Budgeting Medical Distribution 52

Gen Y Planning

NOVEMBER 5, 2021

You may be able to itemize if you have mortgage interest, student loan interest, high medical costs, and more. Check-In On Your Estate Plan. It’s really easy to put off estate planning. With so many other responsibilities and commitments, your estate plan may not even be on your mind.

Taxes 75

Taxes Estate Planning Planning Budgeting 75

Yardley Wealth Management

OCTOBER 26, 2020

Sure, if you have a diagnosis or medical condition where your doctor doesn’t think you are going to live very long, go ahead and take your benefits early. We are a fiduciary, fee-only financial planning, and wealth management firm in Yardley, Pennsylvania (that’s in Bucks County). Otherwise, wait. YEP E-Newsletter: [link].

Wealth Management 52

Wealth Management Estate Planning Financial Planning Retirement Planning 52

WiserAdvisor

FEBRUARY 19, 2024

Together, both types of insurance plans provide a safety net for unexpected medical expenses and serve as an alternative strategy to shield your retirement nest egg from potential financial shocks. The HSA is a unique and powerful financial tool designed explicitly to help you proactively save for qualified medical expenses.

Retirement 66

Retirement Retirement Planning Healthcare Estate Planning 66