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Balancing Multiple Residences: Navigating Tax Considerations, Legal Documentation, and Insurance Coverage for Snowbirds

Ballast Advisors

Join us as we delve into the tax strategy, legal documentation, and insurance coverage considerations needed to successfully balance the ownership of multiple residences for snowbirds. Liability Insurance: Liability coverage is essential to protect yourself in the event someone is injured on your property.

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8 Financial Planning Tips for Small Business Owners

Carson Wealth

In the event of an audit, it can add layers of complexity not in your favor. While the event itself can be a surprise and unknown, you should always have cash ready to meet these costs head on and keep your business operating. Set up separate plans and goals for your business and your personal finances. Always allow for emergencies.

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

AdvicePay

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 (..)

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How to Fix a Common Client Problem: Too Little Insurance Protection

Tobias Financial

Is your life insurance coverage sufficient? Often it is not until a life-changing event that clients ensure their coverage is adequate. In fact, due to Covid concerns, life insurance policy sales grew 5% last year resulting in the largest annual increase in decades. To learn more, click here: [link]

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How to Fix a Common Client Problem: Too Little Insurance Protection

Tobias Financial

Is your life insurance coverage sufficient? Often it is not until a life-changing event that clients ensure their coverage is adequate. In fact, due to Covid concerns, life insurance policy sales grew 5% last year resulting in the largest annual increase in decades. To learn more, click here: [link].

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The SVB Situation and Your Financial Picture

Integrity Financial Planning

So, let’s get into the facts that can help put this event into context. The Series of Events Before interest rates started to rise, SVB, a large and respected bank primarily for tech companies and startups, had lots of cash on hand. You’ve likely heard the news that Silicon Valley Bank (SVB) has experienced a financial shock.

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4 Pitfalls of Not Having a Financial Plan

Carson Wealth

And while experiencing one of these major events can drastically impact your life, having an effective financial plan can help ensure that it doesn’t ruin your financial well-being. Insurance coverage: Evaluate insurance needs for health, life, disability, long-term care and property, ensuring adequate coverage.