Zajac Group

MARCH 20, 2023

For some, concentration risk might mean holding any amount of a single stock position in a company they work for. For others, concentration might feel suitable if they have significant other assets and/or if they have a high risk tolerance or high risk capacity.

Risk Tolerance 98

Risk Tolerance Taxes Portfolio Planning 98

Talon Wealth

AUGUST 26, 2023

Of course, one of the most important aspects of retirement planning is managing retirement taxes. Taxes can significantly impact the amount of money you’ll have for retirement. As such, you must be aware of any tax implications arising from your investments during your working years.

Retirement 52

Retirement Taxes Retirement Planning Risk Tolerance 52

Talon Wealth

OCTOBER 26, 2023

Of course, one of the most important aspects of retirement planning is managing retirement taxes. Taxes can significantly impact the amount of money you’ll have for retirement. As such, you must be aware of any tax implications arising from your investments during your working years.

Retirement 52

Retirement Taxes Retirement Planning Risk Tolerance 52

Good Financial Cents

JANUARY 26, 2023

Ally starts out by helping you establish your risk tolerance, where you can opt for “Aggressive growth” and put the majority of your investments into stocks. The software maximizes your returns with tax loss harvesting and helps you to reach your specific retirement goals with RetireGuide.

Retirement 122

Retirement Taxes Retirement Planning Accounting 122

WiserAdvisor

FEBRUARY 19, 2024

According to the Fidelity Retiree Health Care Cost Estimate, the financial burden of healthcare in retirement is substantial. As a couple aged 65 in 2023, you may need approximately $315,000 saved (after tax) to cover your healthcare expenses. The absence of a dedicated healthcare fund can lead to unexpected financial hardships.

Retirement 66

Retirement Retirement Planning Healthcare Estate Planning 66

WiserAdvisor

FEBRUARY 29, 2024

This process is not only intricate but also pivotal in ensuring that your investments align with your financial objectives and risk tolerance. This entails a comprehensive assessment of factors such as your financial goals, age, existing savings, monthly contributions, and, most importantly, your risk tolerance.

Financial Advisor 45

Financial Advisor Retirement Asset Allocation Risk Tolerance 45

WiserAdvisor

DECEMBER 15, 2023

Financial advisors can offer insights into a diverse range of investment instruments, including stocks, bonds, real estate, and precious metals like gold, and align the recommendations with your risk tolerance and long-term goals. Engaging with a skilled financial advisor can empower you to manage your taxes proactively.

Financial Advisor 59

Financial Advisor Retirement Risk Tolerance Retirement Planning 59

WiserAdvisor

DECEMBER 13, 2023

Envision your ideal lifestyle in retirement, considering factors such as desired location, travel plans, leisure activities, and potential healthcare needs. These plans often provide tax-deferred or tax-advantaged contributions, allowing you to save for retirement while reducing your taxable income.

Retirement 45

Retirement Risk Tolerance Retirement Planning Taxes 45

Harness Wealth

JUNE 9, 2023

Without effective personal financial management, you risk losing money to poor budgeting, poor tax planning, or even just to inflation. Taxes and Inflation: The Silent Killers of Returns Annual returns on investments are affected by both inflation and taxes, and they can drastically reduce the actual returns of your investments.

Financial Planning 52

Financial Planning Planning Financial Planner Wealth Management 52

WiserAdvisor

MARCH 28, 2024

It offers tax-deferred growth and, in many cases, matching employer contributions. IRAs offer similar tax benefits as 401(k)s, high contribution limits for those aged 50 and older, and help accelerate your savings growth. Contributions to tax-deferred retirement accounts like 401(k)s and IRAs offer the advantage of tax-deferred growth.

Retirement 45

Retirement Financial Advisor Medical Healthcare 45

The Big Picture

MAY 9, 2023

So how do you then go from tax and audit practice to finance and investing? If I’d moved to Hong Kong, I think it would have looked like a fairly self-serving tax trade. They have a different liability structure, different investment goals, different investment risk tolerances, and we have different teams.

Assets 299

Assets Clients Investing Investments 299

Good Financial Cents

JANUARY 6, 2023

This retirement account lets you invest with after-tax dollars, meaning you don’t get a tax benefit upfront. However, your money grows tax-free, and you won’t have to pay income taxes when you withdraw the money after retirement.

Investing 91

Investing Investments Accounting Certification 91

WiserAdvisor

JANUARY 23, 2024

Step 2: See if the financial advisor conducts an annual tax review Ensuring that your financial advisor reviews your tax return annually is a crucial step in maximizing your financial benefits. An effective financial advisor should be proactive in reviewing your tax plan before the year-end.

Financial Advisor 40

Financial Advisor Risk Tolerance Communication Taxes 40

WiserAdvisor

MAY 30, 2022

Preparing a healthcare budget. Fidelity Retiree Health Care Cost Estimate , in 2021, stated that an average retired couple aged 65 would require around $300,000 in after-tax savings to pay health care bills. Making a plan for taxes. But as you grow older, your risk tolerance may dilute.

Retirement 40

Retirement Assets Retirement Planning Risk Tolerance 40

WiserAdvisor

JULY 27, 2023

Furthermore, ChatGPT may have limitations in reflecting recent policy changes or potential mathematical fallacies that can impact retirement and tax planning strategies. They will have access to more detailed information about your assets, income, expenses, and risk tolerance, which is crucial for crafting a comprehensive retirement strategy.

Retirement Planning 40

Retirement Planning Financial Advisor Retirement Planning 40

Zoe Financial

DECEMBER 20, 2022

From healthcare to finance, are you aware of how your life might change due to artificial intelligence? From healthcare to finance, are you aware of how your life might change due to artificial intelligence? One example is healthcare, where technological improvements are helping physicians’ accuracy and productivity.

Healthcare 40

Healthcare Financial Advisor Risk Tolerance Accounting 40

WiserAdvisor

JANUARY 16, 2024

This percentage accounts for the likelihood that some pre-retirement expenses, such as commuting to the office and socializing, may decrease while others, such as travel and additional healthcare costs, may increase. Healthcare costs are another substantial component of retirement expenses, averaging $7,030 per year or 13.5%

Retirement Planning 40

Retirement Planning Retirement Planning Financial Advisor 40

Clever Girl Finance

OCTOBER 14, 2022

So take a minute to determine your net income after taxes , not just your gross income. However, this will depend on your risk tolerance. In addition to the basics like healthcare and car insurance, consider renters insurance, homeowners insurance, life insurance, and disability insurance. Take a look at your income.

Management 111

Management Budgeting Insurance Accounting 111

Good Financial Cents

DECEMBER 13, 2022

Betterment makes it easy to invest automatically, and they ask you questions to assess your risk tolerance and get a better handle on your goals. This type of retirement account is only available to individuals whose incomes fall under certain thresholds, yet it lets you save money for retirement on an after-tax basis.

Investing 87

Investing Investments Accounting Certification 87

WiserAdvisor

MARCH 22, 2024

Furthermore, these personal goals must be balanced with realistic financial planning, considering factors such as inflation, healthcare costs, and the potential for unforeseen expenses. Optimize your investments Ensure your investment portfolio is aligned with your risk tolerance and retirement timeline.

Retirement 52

Retirement Retirement Planning Financial Advisor Planning 52

WiserAdvisor

FEBRUARY 2, 2023

Some studies show that the stress caused due to unemployment can cause diseases and subsequently increase healthcare expenses. Plan your future finances Significant life events such as a wedding, a house purchase, planning to have a baby, adopting pets, and other similar things can be financially taxing.

Financial Advisor 74

Financial Advisor Economics Planning Risk Tolerance 74

WiserAdvisor

JUNE 22, 2023

The questions you ask your financial advisor should cover various aspects of your portfolio, such as fees, taxes, risk, and others. It is essential for your investment portfolio to align with your unique financial goals, risk tolerance, and time horizon. Are there any tax implications associated with my investments?

Financial Advisor 40

Financial Advisor Portfolio Investing Investments 40

WiserAdvisor

SEPTEMBER 8, 2023

It is important to have a clear understanding of your budget post-retirement, factoring in housing costs, property taxes, and maintenance expenses. It is also essential to consider factors like climate, proximity to family, friends, and healthcare facilities. Different states have different rules when it comes to income taxes.

Retirement 45

Retirement Retirement Planning Financial Advisor Budgeting 45

The Big Picture

SEPTEMBER 12, 2022

BITTERLY MICHELL: … this isn’t a generalization, but they have a higher risk tolerance. And so, when you think of the area that I was very passionate about in derivatives, there’s a natural understanding just by growing up in an economy like that, that interest rate risk matters. RITHOLTZ: Right. RITHOLTZ: Sure. RITHOLTZ: Right.

Clients 299

Clients Wealth Management Banking Investing 299

WiserAdvisor

FEBRUARY 2, 2023

Some studies show that the stress caused due to unemployment can cause diseases and subsequently increase healthcare expenses. Plan your future finances Significant life events such as a wedding, a house purchase, planning to have a baby, adopting pets, and other similar things can be financially taxing.

Financial Advisor 40

Financial Advisor Economics Planning Risk Tolerance 40

The Big Picture

AUGUST 22, 2023

SUNSTEIN: Yeah, we probably need a progressive income tax or something and jobs programs and educational opportunity. So the granddaddy of this in my field is when you are setting up a portfolio for an investor, “Hey, tell us about your risk tolerance. I mean, what sort of a country has that sort of thing?

Economics 245

Economics Media Government Numbers 245