Avoid Costly Financial Mistakes: Plan Ahead
Update: 2025-11-24
Description
Discover common financial pitfalls that can drain your wealth: scattered investments, old accounts, and neglected documents. Learn how tax inefficiencies and outdated beneficiary information can cost you significantly. Carolyn McClanahan, founder of Life Planning Partners, reveals how new clients often lack a clear financial plan, leading to excessive fees and poor tax efficiency. She emphasizes the importance of regularly reviewing and updating your estate plan, consolidating old retirement accounts, and ensuring beneficiary designations are up-to-date. A little organization today can prevent major financial headaches tomorrow.
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