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Estate Planning Medical Retirement 
Cornerstone Financial Advisory
MARCH 14, 2025
As a Christian, your estate plan should represent your dedication to financial stewardship according to Scripture. W hat important factors should Christians consider when estate planning? W hat important factors should Christians consider when estate planning?
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.
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Integrity Financial Planning
MAY 23, 2023
An estate plan is a legal document that outlines a person’s wishes for the distribution of their assets and property after their death. It is essential to create an estate plan to ensure that your family and loved ones are taken care of in the event of your passing. Contact us today to get started!
MainStreet Financial Planning
NOVEMBER 8, 2024
Maximize Your Retirement Contributions: Enhancing your retirement savings not only secures your future but also offers immediate tax benefits. For 2024, the IRS has increased contribution limits: – 401(k), 403(b), and most 457 plans: You can contribute up to $23,000.
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WiserAdvisor
MARCH 13, 2024
Achieving financial freedom in retirement requires meticulous planning, dedicated effort, and strategic management. Without a solid plan, you risk drifting without direction. Within this framework, the concept of the five pillars of retirement planning emerges as a valuable strategy.
Nerd's Eye View
AUGUST 3, 2022
On the other hand, Childfree clients often have an increased need for disability coverage, as they might not have a support system to carry them through their retirement. Childfree clients can also face unique estate planning challenges.
Integrity Financial Planning
JUNE 27, 2023
However, it is a common goal for retirees to create and maintain generational wealth in retirement. Prior to your retirement years, diversifying your investment portfolio can be a good way to grow your wealth. This can include investing in stocks, bonds, real estate, and other assets. [3]
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MainStreet Financial Planning
MAY 17, 2023
We speak daily with clients who are contemplating where they might live in retirement. Now is the time to explore various retirement housing options and strategies for aging individuals. From aging in place to retirement communities, consider your individual preferences and needs when choosing the most suitable housing option.
98 
Integrity Financial Planning
NOVEMBER 20, 2023
One way of thinking about retirement is that it happens in phases. Phase 1: Pre-retirement (Approximately Ages 50-62) This is around the age when you will start to have a sense of what you have saved and what your expenses might look like. When you are 20 years old, it can be hard to picture what retirement might look like for you.
88 
WiserAdvisor
OCTOBER 4, 2022
Retirement planning can be a bit complex. There are multiple factors to weigh in, right from healthcare and inflation to estate planning, business succession planning, tax planning, and more. However, the main drawback to this can be the lack of foresight regarding what and how to plan.
102 
MainStreet Financial Planning
MARCH 27, 2024
In an earlier post, I summarized many of the housing options people can consider in retirement. This post takes a deeper dive into CCRCs (Continuing Care Retirement Communities also known as Life Plan Communities) CCRCs are an all-in-one solution to aging in place for people over 60. You can check out the article here.
98 
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.)
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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.
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 .
WiserAdvisor
FEBRUARY 19, 2024
Blind spots in retirement planning are those aspects that are often overlooked, either intentionally or subconsciously. From seemingly harmless low-interest debt to underestimating the emotional impact of transitioning out of the workforce, various factors can disrupt your peace of mind during your retirement years.
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Fortune Financial
SEPTEMBER 29, 2022
In our planning with clients, we like to employ a “pay yourself first” approach, especially as it relates to retirement planning. This cycle can repeat itself over multiple years, resulting in minimal or no retirement savings. Planning for retirement is a multi-step process with continuous updates and monitoring.
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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.
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. So I made a plan to get out of there. I realized I had enough to retire if I wanted to.
147 
Integrity Financial Planning
NOVEMBER 20, 2023
One way of thinking about retirement is that it happens in phases. Phase 1: Pre-retirement (Approximately Ages 50-62) This is around the age when you will start to have a sense of what you have saved and what your expenses might look like. When you are 20 years old, it can be hard to picture what retirement might look like for you.
52 
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.
MainStreet Financial Planning
MAY 10, 2024
Legal Concerns and Estate Plans – Do you have a current Estate Plan? Are you interested in exploring Independent and Assisted Living communities, CCRCs (Continuing Care Retirement Communities) or are you open to exploring shared housing? Do you have a financial power of attorney in place? Register here !
98 
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. The concept of retirement has undergone a significant transformation in recent times. Traditional retirement plans often rely heavily on pension schemes.
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).
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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.
Clever Girl Finance
AUGUST 22, 2022
Having wealth allows you to build up your retirement and have the opportunity to purchase more assets. However, it's a huge part of most retirement plans, rather than relying on social security, and a great way to grow your household wealth. Have a will and estate plan. Have the right insurance.
MainStreet Financial Planning
AUGUST 8, 2022
Over the past five years, Mike and Kim Barnes found themselves navigating problems they never saw coming from their parents: Alzheimer’s, pacemakers, COVID pneumonia, and the tough decision to move parents into retirement communities.
WiserAdvisor
SEPTEMBER 1, 2022
If you wish to have a firm grip on your finances and want to learn about different strategies related to investing, tax-saving, or retirement planning, consult with a professional financial advisor who can advise you on the same. Also, you cannot enter the retirement phase without a well-planned budget.
Clever Girl Finance
FEBRUARY 7, 2023
Instead of playing catch-up to pay down your student loan debt , you could be saving for your first home or your future retirement. You simply have to acquire assets or save cash that you don’t intend to spend in retirement. Create an estate plan An estate plan is absolutely essential to securing an easy transition of your assets.
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Gen Y Planning
NOVEMBER 5, 2021
By weaving in extra savings into your spending plan, you can have enough money to cover gifts, cook your fancy holiday dinner, and keep the lights on (literally). . Max Out Your Retirement Plans. Saving for retirement should be as commonplace as meal prepping for the week. Check-In On Your Estate Plan.
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WiserAdvisor
JANUARY 3, 2024
Starting your journey of saving for retirement is a pivotal financial goal. But the one thing that remains constant in this advice is that investing is essential to secure a comfortable retirement. Yet, the path to building a robust investment portfolio for retirement can be an intimidating task.
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.
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Yardley Wealth Management
OCTOBER 26, 2020
Social Security Retirement Planning . 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. You really do get the extra 8% per year after you’ve reached your full retirement age. Otherwise, wait.
Workable Wealth
NOVEMBER 11, 2020
Current portfolio and retirement assets. 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.
International College of Financial Planning
MARCH 11, 2023
This blog post explains why financial planning is important and how it can benefit you in the future Understanding the Importance of Financial Planning: Financial planning involves setting financial goals, creating a budget, saving and investing managing debt, and planning for retirement and estate.
WiserAdvisor
DECEMBER 1, 2023
Financial advisors for medical professionals can offer a tailored approach to managing unique financial landscapes. However, physicians are often consumed by the demands of a rigorous medical career, and as a result, they can easily overlook this essential step. Most physicians carry debt in the form of student loans.
WiserAdvisor
JANUARY 16, 2024
Preparing for retirement is a significant life transition that demands a clear understanding of your financial situation. This data can serve as a baseline for tailoring your retirement plan, taking into account factors such as inflation, your current age, and your desired retirement age.
Gen Y Planning
DECEMBER 5, 2022
By weaving in extra savings into your spending plan, you can have enough money to cover gifts, cook your fancy holiday dinner, and keep the lights on (literally). . Max Out Your Retirement Plans. Saving for retirement should be as commonplace as meal prepping for the week. Check-In On Your Estate Plan.
59 
WiserAdvisor
NOVEMBER 4, 2022
Retirement planning is a must, so start with maximizing your 401k and Individual Retirement Accounts (IRAs). Plan your finances for when you have kids: If you plan to have children, your expenses will drastically increase. The medical costs alone can be high. To conclude.
WiserAdvisor
MAY 3, 2023
Health and financial planning must go hand in hand to ensure you always have enough savings to tackle the unexpected. From medical expenses to the impact of illness or disability on your ability to earn a living, your health can have a significant effect on your financial well-being. What is health or medical financial planning?
Harness Wealth
MARCH 11, 2024
Retirement contributions Individuals can take advantage of various tax-related retirement planning strategies to reduce their taxable income today and post-retirement. Health Savings Accounts (HSAs) HSAs are available to individuals enrolled in high-deductible health plans (HDHPs).
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Clever Girl Finance
SEPTEMBER 7, 2023
These are the bigger dreams that might take a few years to accomplish—think of buying a forever house, funding your child’s education without taking out student loans, or having a long and comfortable retirement. Healthcare Medical expenses are a critical consideration for every family budget.
97 
MainStreet Financial Planning
MAY 19, 2022
From Alzheimer’s, pacemakers, and COVID to tough decisions to move parents into their retirement communities, they were dealing with a lot.
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WiserAdvisor
JUNE 19, 2022
Instead, they start piling up right when you plan to conceive. Regular medical tests, doctor consultations, quality care, a good diet, and more, start to affect your budget even before you deliver the baby. Infant care, baby food, diapers, medical care, schooling, and more, can be financially straining.
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