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But it’s also a time to pay attention to the financial challenges women are still facing, and how to overcome them. Taking Time Off: FinancialPlanning for Women Women are still the primary caretakers, both for children and other family members. You have to ask for what you want.
Even if you don’t qualify for this The Biden Administration’s Student Loan Debt Relief Plan, you still might be eligible for updated income-driven repayment plans, loan consolidation, or refinancing. If you’re paying off medical school loans, there are several loan forgiveness programs that might apply to you.
When I started this business a decade ago, I wanted to give busy professionals access to financialplanning services that would support their goals, and fit into their demanding schedules. In my blog posts, I talk a lot about the importance of reflecting on the past in financialplanning. Your Richest Life is ten!
Doctors Without Borders is also helping in Ukraine by training hospitals and sending medical staff and supplies to affected areas. . At Your Richest Life, Katie Brewer, CFP®, believes you too should have access to financial resources and fee-onlyfinancialplanning. What to Watch Out for.
The coverage you need if you’re single is going to be very different from what you might need if you have a family, a baby on the way, or specific medical needs. Take a look at the upcoming year and note any important changes, health plans, etc. That will help you make a decision when it’s time to compare plans.
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 only have to live to your mid-70s or so to make waiting the better choice and every year you live longer you get that higher benefit. Otherwise, wait.
Only 1% of the population in America serves in the military, and we like their tagline, “100% Focused on the Other 1%.” Rx Wealth Advisors Right away, you see that Rx Wealth Advisors is an advisory firm that specializes in working with physicians and those that work in the medical field.
Health Savings Accounts (HSA) – An HSA is a savings account that lets you add pre-tax money and withdraw it tax-free for medical expenses. About Your Richest Life At Your Richest Life, Katie Brewer, CFP®, believes you too should have access to financial resources and fee-onlyfinancialplanning.
Common expenses, that a taxpayer can deduct when itemizing, include mortgage interest (mortgage capped at $750k), state and local taxes (capped at $10k), non-reimbursed medical expenses exceeding 7.5% However, financialplanning should be personalized, and we suggest reviewing any new strategies with a trusted advisor and tax preparer.
An hourly financial advisor is someone who provides financial advisor for a set hourly rate. These services often include recommendations on investments, financialplanning, retirement, Social Security, Medicare, tax planning, and other wealth-related topics. Hourly financial advisors are not common.
We’ll discuss these questions: The CFP Board has specifically stated that it wants the CFP® mark to be a requirement for anyone who practices financialplanning. The debaters are: Robert Wright, CFP®, a financial consultant with Advocacy Wealth Management. What is your opinion? Robert will be on the “for” team.
Feeling financially empowered is important for everyone, but women have some unique hurdles that can hamper their confidence with money. Note for medical professionals: Think about hiring someone to help you negotiate your contract when you’re considering a new position. You have to ask for what you want.
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