What should financial advisors do to attract and retain high-net-worth and affluent investors? I have a one-word answer.
Clients want help with tax and estate planning, healthcare planning, and much more. Technology-based solutions make it possible to offer this.
I'll share the impact healthcare costs have on financial plans, the critical healthcare information to include (such as medical tax deductions and IRMAA), how to budget for costs in a world of variables, and tangible strategies to implement during open enrollment and beyond to ensure clients are on the optimal coverage.
It’s an important time for Medicare beneficiaries to optimize their healthcare coverage and costs, and financial advisors are in the perfect position to guide clients through this crucial planning opportunity.
What is the number-one reported factor for a happy and fulfilling retirement?
There’s one strategy that is not only a great wealth-building solution but is also triple tax-advantaged…
The IRA impacts everyone, but the healthcare portions of it mean substantial changes to the way advisors incorporate healthcare costs into their financial plans for clients who are retired, on Medicare, or are still working.
When it comes to choosing Medicare Supplement plan options, new-to-Medicare beneficiaries are opting for lower cost plans. During the first six months of 2022, some 38% opted for Medigap Plan N. Just over half (51%) selected Plan G coverage. Nearly 6% enrolled in a High Deductible Plan G (HDG) plan.
My guests today will discuss those and other trends in Medicare planning and how advisors can best help their clients with their healthcare needs.
Are high-deductible or low-deductible Medicare supplemental plans better?
Since healthcare costs are the number one fear in retirement for Americans, this article will focus on which states are the least expensive to retire in based on healthcare costs.
Healthcare represents one of the biggest risks to clients' wealth. Supporting healthcare decision-making benefits the accuracy of the financial plan while delivering value through deepened client-advisor relationships, leading to retention and increased revenues.
An important part of tax planning is medical expenses, which add up quickly. Your clients (including spouses and dependents) will have medical expenses throughout the year, and hanging onto those receipts could save them money this year.
Medicare isn’t a “one-and-done” deal. You need to revisit the conversation regularly depending on the time of year or certain events to ensure it is still in line with your clients’ needs and budgets.
Whether your planning approach involves three, five or seven pillars, it is likely you are missing the top financial concern for Americans: health care.
