The Big Picture

MAY 24, 2023

It’s chock full of great charts and analyses, covering everything from Income, Employment, Expenses, Banking and Credit, Housing, Student Loans, Retirement and Investments, and Overall Financial Well-Being. Curious that medical expenses are the biggest driver of bankruptcy in the United States but not in other wealthy Democracies.

Medical 289

Medical Media Economics Retirement 289

Talon Wealth

OCTOBER 26, 2023

Retirement planning is a critical part of financial security that many women still overlook. However, remember that as a woman, you have a longer life expectancy than a man, which means retirement planning is even more important. That means you should plan for your retirement savings to last at least 18 years, if not more.

Retirement Planning 98

Retirement Planning Retirement Planning Medical 98

MainStreet Financial Planning

MAY 17, 2023

We speak daily with clients who are contemplating where they might live in retirement. Now is the time to explore various retirement housing options and strategies for aging individuals. From aging in place to retirement communities, consider your individual preferences and needs when choosing the most suitable housing option.

Retirement 94

Retirement Medical Financial Planner Planning 94

James Hendries

SEPTEMBER 25, 2022

Many workers have been dreaming of retirement since they first entered the workforce. However, once this retirement date draws near, the prospect of giving up your primary source of income may be nerve-wracking, even if you’ve diligently saved and planned. Draft a Retirement Budget. Rolling Your Savings Over.

Retirement 98

Retirement Medical Healthcare Budgeting 98

Darrow Wealth Management

APRIL 15, 2024

It goes by many different names: semi-retirement, partial or phased retirement, second career, and so on. But typically, it means the same thing: working in some capacity after retiring early. As more workers consider the growing appeal of semi-retirement, some ask — is working part-time in retirement a good idea?

Retirement 91

Retirement Retirement Planning Insurance Medical 91

Nerd's Eye View

OCTOBER 29, 2024

In this episode, we talk in-depth about how Travis originally developed his specialization of student loan planning through first correcting the misinformation given to his (now-)wife and her friends in the medical field (and realized that he could give high value to a chronically underserved population), how Travis first started his student loan consulting (..)

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Consulting Clients Financial Planning Compensation Planning 243

A Wealth of Common Sense

MAY 9, 2024

Your favorite tax expert Bill Sweet joined me on the show again this week to discuss questions about downshifting your risk as you approach retirement, the most tax-efficient way to pay for a medical procedure, when DIY investors should consider an advisor, the Rule of 55 and how to prepare for taxes in retirement.

Medical 141

Medical Retirement Taxes 141

Random Roger's Retirement Planning

APRIL 2, 2024

Northwestern Mutual published a report about the state of retirement and of course all the numbers are grim. million to retire, up about 50% from 2020, while the average retirement account balance is $88,000. I've been pushing back on the idea of have a number, a retirement number, for a very long time.

Retirement 94

Retirement Taxes Numbers Accounting 94

Abnormal Returns

NOVEMBER 4, 2023

theatlantic.com) Retirement communities are going solar. statnews.com) How GLP-1 drugs could affect medical technology companies. (semafor.com) Costs are rising for offshore wind power projects. ft.com) Solar China is building a lot of solar, but also a lot of new coal plants. nytimes.com) How to stop wasting cheap (solar) energy.

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Medicine Financial Advising Transportation Medical 300

Carson Wealth

AUGUST 4, 2022

When putting away for retirement, we often dream about all the things we’ll be able to do with that money – traveling, going out to eat, maybe trying new hobbies. . Of course, there are always the everyday household expenses to account for in your post-retirement budget. Ways to Start Planning Early for Retirement Health Care Costs.

Retirement 98

Retirement Insurance Insurance Coverage Taxes 98

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 88

Retirement Budgeting Medical Distribution 88

Integrity Financial Planning

APRIL 18, 2023

If you are headed toward retirement soon, or you have just retired, you may find yourself wondering, “Is my nest egg enough?” As you know, medical expenses, long-term care, housing repairs, and other unpredictable costs are just a part of life, so how can you prepare for those kinds of things during your retirement?

Retirement 98

Retirement Medical Budgeting Financial Planning 98

Integrity Financial Planning

MAY 30, 2023

Coverage: Health insurance plans typically cover a range of medical services, including doctor visits, hospitalizations, prescription medications, and preventive care. [2] 1-2, 4-6] [link] [3] [link] The post Healthcare in Retirement: The Basics appeared first on Integrity Financial Planning, Inc.

Healthcare 89

Healthcare Retirement Medical Insurance 89

Carson Wealth

OCTOBER 3, 2024

Retirement is an exciting milestone—a time to leave behind the hustle and bustle of work and embrace a new chapter filled with more freedom and opportunities to enjoy life. Planning well in advance ensures that your retirement years will be financially secure, fulfilling, and less stressful than your working years.

Retirement 96

Retirement Healthcare Retirement Planning Taxes 96

Nerd's Eye View

NOVEMBER 4, 2022

A recent study shows that while many consumers have expressed an interest in ESG investing, such funds within retirement plans have received limited allocations from investors. A survey showing how millionaires allocate their assets and the importance they place on the recommendations of their financial advisors.

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Financial Planner Financial Advisor Retirement Planning Medical 240

Integrity Financial Planning

JUNE 27, 2023

However, it is a common goal for retirees to create and maintain generational wealth in retirement. Prior to your retirement years, diversifying your investment portfolio can be a good way to grow your wealth. In today’s fast-paced world, ensuring financial stability for future generations can be a daunting task.

Retirement 98

Retirement Healthcare Financial Planning Estate Planning 98

Carson Wealth

SEPTEMBER 5, 2024

However, choosing the right Medicare plan is crucial to ensure that you have the coverage you need as you move into retirement. Part B (Medical Insurance): Covers certain doctors’ services, outpatient care, medical supplies, and preventive services. Consider your medical history and any ongoing conditions.

Healthcare 141

Healthcare Medical Planning Retirement 141

WiserAdvisor

OCTOBER 4, 2022

Retirement planning can be a bit complex. Given the complexity and magnitude of things necessary for a comfortable retirement, starting planning from a young age is also essential. At the age of 30, your daily expenses can significantly differ from what you would need in retirement. Ten retirement expenses to keep in mind: 1.

Budgeting 102

Budgeting Retirement Healthcare Food 102

Carson Wealth

JUNE 27, 2024

1 With ever-increasing life expectancies, it’s no wonder 63% of American adults say they’re more afraid of running out of money in retirement than they are of death. 2 That’s why it’s vitally important to consider longevity risk when you’re planning for your financial needs in retirement. What Is Longevity Risk?

Retirement 97

Retirement Budgeting Healthcare Risk Tolerance 97

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. For instance, Childfree clients, especially those who are single, may have less need for life insurance than couples with dependent children.

Financial Planning 246

Financial Planning Planning Insurance Clients 246

MainStreet Financial Planning

MARCH 27, 2024

In an earlier post, I summarized many of the housing options people can consider in retirement. This post takes a deeper dive into CCRCs (Continuing Care Retirement Communities also known as Life Plan Communities) CCRCs are an all-in-one solution to aging in place for people over 60. You can check out the article here.

Retirement 79

Retirement Transportation Planning Healthcare 79

Clever Girl Finance

FEBRUARY 2, 2024

Starting early with investing for retirement is so important to secure your future self. This means that saving for retirement should be a component of your overall financial portfolio and wealth-building strategy. So, let’s discuss how to save for retirement in your 20s! How do I start putting money away for retirement?

Retirement 89

Retirement Taxes Accounting Risk Tolerance 89

Random Roger's Retirement Planning

FEBRUARY 11, 2023

Barron's has a bunch of articles on retirement in this week's issues. The article contends that people have talked themselves into "wanting" to work longer because of how low retirement balances are. The article contends that people have talked themselves into "wanting" to work longer because of how low retirement balances are.

Retirement 75

Retirement Medicine Medical Planning 75

Random Roger's Retirement Planning

APRIL 28, 2024

Writing for Bloomberg, Allison Schrager suggests that in order to enjoy retirement, we should work a little longer. Ann Tergesen at the Wall Street Journal reports that while most people expect to retire at 65, 62 ends up being more like it. I haven't even mentioned coming up short in retirement savings. Summing up Schrager.

Retirement 87

Retirement Insurance Food Taxes 87

Random Roger's Retirement Planning

NOVEMBER 13, 2023

A couple of interesting retirement planning items from my reading today. First are two articles about people's reluctance to start to spend down their retirement savings from Kitces and Morningstar , it is a difficult psychological pivot to go from accumulating to decumulating. Something like that probably won't be plan altering.

Retirement 75

Retirement Retirement Planning Commission Medical 75

WiserAdvisor

DECEMBER 18, 2023

Navigating the journey to retirement can often feel like a complex puzzle, especially when it comes to figuring out how much you need to save. The answer to “how much you need to retire” is shaped by various factors, including the kind of retirement life you dream of, your age, and the expenses you anticipate during your retirement years.

Retirement 81

Retirement Retirement Planning Risk Tolerance Healthcare 81

Abnormal Returns

AUGUST 18, 2022

axios.com) A look at Scottish fund manager Baillie Gifford after the retirement of key manager James Anderson. newsletter.abnormalreturns.com) Mixed media RIP Medical Debt is wiping out billions of dollars of unpaid medical debt. (hollywoodreporter.com) Which is maybe why, streaming customer churn is on the rise.

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Medical Financial Advising Advertising Media 130

MainStreet Financial Planning

OCTOBER 24, 2024

A Health Savings Account (HSA) is a special type of savings account that allows individuals with a high-deductible health plan (HDHP) to save money pre-tax for future medical expenses. The funds can be used for qualifying medical costs like doctor visits, prescription medications, dental care, and vision services.

Accounting 88

Accounting Medical Healthcare Taxes 88

Integrity Financial Planning

OCTOBER 19, 2023

Keeping up with Medicare changes and making sure that you are prepared for medical expenses is a key part of retirement planning. So, it’s important to keep that in mind as you set up your retirement budget and plan. Unfortunately, exact medical costs are hard to estimate.

Medical 96

Medical Retirement Planning Retirement Planning 96

MainStreet Financial Planning

APRIL 5, 2024

Medical Expense Deduction According to IRS Publication 502 , Qualifying medical expenses exceeding 7.5% This is true for anyone, whether you live in a retirement community like a CCRC or not. Some CCRC contracts say that a portion of your entry fee and monthly fee may be applied toward future medical expenses.

Retirement 52

Retirement Medical Insurance Taxes 52

Carson Wealth

APRIL 4, 2024

1 It’s important to have these conversations – and it’s vital to have them before cognitive decline or a medical emergency occurs. Information you’ll want to document includes: Bank accounts Investments Retirement accounts Estate planning documents (wills, trusts, etc.)

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Management Healthcare Medical Estate Planning 137

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

Million Dollar Round Table (MDRT)

JUNE 4, 2023

If you meet someone and tell them you’re a financial advisor who works with medical professionals to help them avoid taxes in retirement, you’re engaging in direct marketing. You’re talking about your brand to someone who doesn’t know it.

Medical 90

Medical Financial Services Retirement Financial Advisor 90

Darrow Wealth Management

APRIL 15, 2024

It goes by many different names: semi-retirement, partial or phased retirement, second career, and so on. But typically, it means the same thing: working in some capacity after retiring early. As more workers consider the growing appeal of semi-retirement, some ask — is working part-time in retirement a good idea?

Retirement 52

Retirement Retirement Planning Insurance Medical 52

Nationwide Financial

AUGUST 15, 2022

2 Often, this is the first time that many Baby Boomers realize that decisions around Medicare aren’t just medical decisions; Medicare decisions also have significant financial implications. Medicare will not cover all medical care. That being said, Medicare does cover most medical treatments and procedures.

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Clients Medical Planning Retirement 105

Fortune Financial

AUGUST 8, 2023

Healthcare Costs After Retirement — Securing Your Parents’ Future Retirement is a long-awaited phase of life where individuals can enjoy the fruits of their labor and enjoy well-deserved rest. With medical expenses on the rise, planning for healthcare during retirement becomes crucial to ensure a secure future.

Healthcare 52

Healthcare Retirement Medical Insurance 52

Fortune Financial

AUGUST 8, 2023

Healthcare Costs After Retirement — Securing Your Parents’ Future Retirement is a long-awaited phase of life where individuals can enjoy the fruits of their labor and enjoy well-deserved rest. With medical expenses on the rise, planning for healthcare during retirement becomes crucial to ensure a secure future.

Healthcare 52

Healthcare Retirement Medical Insurance 52