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

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

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.

Budgeting 102

Budgeting Retirement Healthcare Food 102

Harness Wealth

MARCH 11, 2024

Additionally, if the donation consists of appreciated securities or assets, the donor can avoid capital gains taxes that would otherwise arise from selling those assets. Health Savings Accounts (HSAs) HSAs are available to individuals enrolled in high-deductible health plans (HDHPs). of your adjusted gross income (AGI).

Startup 59

Startup Taxes Medical Retirement 59

Gen Y Planning

DECEMBER 5, 2022

You also 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 59

Taxes Estate Planning Planning Budgeting 59

WiserAdvisor

NOVEMBER 4, 2022

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. It is essential to discuss these factors with your spouse and plan accordingly. They can also help with debt management, retirement planning, estate planning, and more.

Financial Planning 93

Financial Planning Planning Taxes Financial Advisor 93

Brown Advisory

JUNE 2, 2016

Terms like “estate planning” and “wealth transfer” provide little shelter from a painful reality—a large portion of what we do as advisors focuses on the issues associated with our clients’ mortality. You might think that after all that time, it gets easier to receive a call from a client with news of a grave medical condition.

Taxes 52

Taxes Assets Clients Tax Planning 52

Bell Investment Advisors

JUNE 16, 2022

Start by getting clear on gift and estate tax laws. In 2022, anyone can give any recipient up to $16,000 in assets per year without owing federal gift taxes. Exception: gifts to pay tuition or medical expenses are exempt if paid directly to the institution. million per recipient over a lifetime.

Taxes 52

Taxes Assets Financial Planner Planning 52

Harness Wealth

APRIL 19, 2022

a high demand medical device business) trades at a high multiple. Gifting and tax efficient trusts: If you plan to give any portion of your equity value to family members or to exclude it from your own taxable estate, it’s advantageous to make these transfers when the stock price is low.

Management 52

Management Marketing Marketing Taxes 52

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

Brown Advisory

DECEMBER 4, 2017

presidential election, we have grappled with the lack of clarity regarding the details of new tax legislation. 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. Since last year’s U.S.

Planning 52

Planning Taxes Clients Tax Planning 52

WiserAdvisor

MAY 11, 2023

They can also help with tax planning, ensuring that the transfer of assets is done in a way that minimizes tax liability for both the estate and the beneficiaries. Professional advisors and estate planners can also help navigate complex legal and financial issues related to inheritance.

Distribution 52

Distribution Insurance Taxes Financial Advisor 52

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. An hourly financial advisor is someone who provides financial advisor for a set hourly rate. Hourly financial advisors are not common. Jon Luskin. Rick Ferri.

Financial Advisor 52

Financial Advisor Portfolio Clients Management 52