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.

Retirement 66

Retirement Retirement Planning Healthcare Estate Planning 66

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

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.

Retirement 52

Retirement Budgeting Medical Distribution 52

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.

Retirement Planning 52

Retirement Planning Retirement Planning Healthcare 52

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.

Financial Planning 95

Financial Planning CFP Medical Retirement 95

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.

Financial Advisor 98

Financial Advisor Budgeting Financial Planning Retirement 98

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.

Taxes 75

Taxes Estate Planning Planning Budgeting 75

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.

Retirement 52

Retirement Portfolio Investing Investments 52

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.

Wealth Management 52

Wealth Management Estate Planning Financial Planning Retirement Planning 52

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.

Estate Planning 52

Estate Planning Insurance Financial Planning Planning 52

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.

Financial Advisor 59

Financial Advisor Medical Insurance Education 59

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.

Retirement Planning 40

Retirement Planning Retirement Planning Financial Advisor 40

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.

Taxes 59

Taxes Estate Planning Planning Budgeting 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.

Financial Planning 93

Financial Planning Planning Taxes Financial Advisor 93

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).

Startup 59

Startup Taxes Medical Retirement 59

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.

Budgeting 98

Budgeting Transportation Medical Insurance 98

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.

Medical 52

Medical Financial Planning Retirement Planning 52

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.

Financial Planning 52

Financial Planning Planning Education Budgeting 52

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. Eliminate your debt.

Estate Planning 40

Estate Planning Retirement Budgeting Financial Advisor 40

Clever Girl Finance

JANUARY 22, 2024

Update or create your estate plan If you don’t already have an estate plan , now would be a great time to create one. You should update or create an estate plan to reflect the change. Consult with an estate attorney to make decisions about how your loved ones will be taken care of.

Management 98

Management Certified Financial Planner Financial Planner Taxes 98

WiserAdvisor

JULY 3, 2023

Below are 6 common financial planning mistakes physicians make: Even though financially well-off, physicians tend to make several financial mistakes. Not creating a comprehensive financial plan Financial planning for physicians and healthcare professionals is essential. Medical schools can be costly.

Financial Planning 40

Financial Planning Planning Financial Advisor Medical 40

Diamond Consultants

JULY 16, 2024

Common examples of such ancillary services include trust and estate planning, tax advisory, concierge/UHNW services, bill-pay, specialty financing, bespoke alternative and private investments, and many more. Conversely, if your niche is medical professionals, a yacht financing department is probably not critical.

Clients 52

Clients Taxes Retirement Planning Estate Planning 52

MainStreet Financial Planning

OCTOBER 11, 2024

If you have an upcoming surgery or a baby on the way, a lower-deductible health plan might be beneficial. Conversely, if you are generally healthy and don’t anticipate significant medical needs, a high-deductible health plan could be more cost-effective.

Healthcare 52

Healthcare Insurance Taxes Accounting 52

Bell Investment Advisors

JUNE 16, 2022

Start by getting clear on gift and estate tax laws. Exception: gifts to pay tuition or medical expenses are exempt if paid directly to the institution. For example, an estate planning goal of reducing your net worth may call for a lump-sum gift. million per recipient over a lifetime.

Taxes 52

Taxes Assets Financial Planner Planning 52

Brown Advisory

NOVEMBER 12, 2015

AGI includes all taxable income, including wages, bonuses, taxable interest, dividends, capital gains, retirement distributions, annuities, rents and royalties. Consider making direct gifts for education and medical expenses. If they remain below the $250,000 threshold for AGI, they will not have to pay the NII tax.

Planning 52

Planning Taxes Distribution Medical 52

Sara Grillo

JULY 8, 2022

Yesterday it was early retirement projections for a corporate executive, tomorrow it’s a call with a planner to review a client’s estate plan. We spend about 12 hours reviewing and updating an established client’s plan each year, but I’m only responsible for about 4.5 hours of it.

Financial Advisor 59

Financial Advisor Financial Planner Clients Financial Planning 59

Brown Advisory

MAY 4, 2020

. // CASE STUDY #2 client: NATIONAL HEALTH ADVOCACY ORGANIZATION challenge: DONOR DEVELOPMENT/PLANNED GIVING PROGRAM SUPPORT BACKGROUND Our client is a national organization that advocates for and supports those who suffer from a specific medical condition.

Nonprofit 52

Nonprofit Investing Investments Clients 52

Brown Advisory

SEPTEMBER 4, 2019

challenge: DONOR DEVELOPMENT/PLANNED GIVING PROGRAM SUPPORT. . Our client is a national organization that advocates for and supports those who suffer from a specific medical condition. . // CASE STUDY #2. client: NATIONAL HEALTH ADVOCACY ORGANIZATION. BACKGROUND. client: COUNTY-FOCUSED COMMUNITY FOUNDATION. BACKGROUND.

Nonprofit 52

Nonprofit Investing Investments Clients 52

Brown Advisory

DECEMBER 4, 2017

The outcome of the tax reform debate is likely to impact how we advise clients on tax planning, estate planning and a host of other topics. Parents and grandparents of teenagers can help to fund retirement accounts for long-term growth and education. Since last year’s U.S.

Planning 52

Planning Taxes Clients Tax Planning 52

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.

Retirement Planning 105

Retirement Planning Retirement Planning Estate Planning 105

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?

Estate Planning 52

Estate Planning Planning Healthcare Ethics 52

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.

Distribution 246

Distribution Taxes Medical Accounting 246

Nerd's Eye View

AUGUST 23, 2024

Read More.

Financial Planner 245

Financial Planner Retirement Estate Planning Clients 245

Sara Grillo

APRIL 11, 2022

These services often include recommendations on investments, financial planning, retirement, Social Security, Medicare, tax planning, and other wealth-related topics. RICK FERRI, CFA: I ended up retiring in 2000. An hourly financial advisor is someone who provides financial advisor for a set hourly rate.

Financial Advisor 52

Financial Advisor Portfolio Clients Management 52

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!

Estate Planning 95

Estate Planning Planning Healthcare Medical 95

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.

Financial Planning 246

Financial Planning Planning Insurance Clients 246

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.

Investing 148

Investing Investments Management Retirement 148