Have you ever thought about the actual day you will retire? How will you make that decision and what factors will you consider when circling your retirement date on the calendar?
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This article examines relevant investment and economic data for the first quarter of 2019.
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This article examines relevant investment and economic data for the fourth quarter of 2018.
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Learn how an investment approach that employs an effective "tax-loss harvesting" strategy can help you make lemonade out of investment lemons.
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People who have a tax-deferred retirement account like an IRA, Simple IRA, SEP IRA, or 401(k) plan are required to begin taking an annual distribution from these accounts at the age of 70 1/2.
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Given the high demand of retirement communities, which can include independent living and assisted living alternatives, many are taking a proactive approach in evaluating and moving into these communities—prior to health changes that could warrant the necessity to move in
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This article discusses differences between 529 College Savings Plans and Coverdell Education Savings Plans
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There are many planning strategies that can be utilized in situations that are tailored to an individual’s personal circumstances and preferences.
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In this article, we wanted to spend some time addressing pension decisions, ideas for strengthening your personal balance sheet and helping you think through how much money you will likely need during retirement.
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Revocable Living Trusts can serve an important role in your estate plan, but they aren't for everyone. Find out more..
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A number of studies have shown that investor behavioral biases have an enormous impact on investment returns for the average investor. Given the emotional component of investing, it is important to recognize that, while we cannot avoid these feelings, gaining an understanding of common behavioral biases may help us avoid acting on these emotions.
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Increasingly, families have to figure out how to best deal with dementia and other memory-related impairments that naturally happen as people age. This is especially true when navigating the complex and often times confusing area of personal finances. So, what can you do to prepare yourself should you, or a member of your immediate family develop dementia? Here are a few ideas that you may find helpful.
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This article provides insight into a number of strategies and methods for making charitable gifts.
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Is it best to contribute to your company sponsored 401k plan, a Roth IRA, or a personal brokerage account? The answer depends on many factors.
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Let’s face it, seniors today are healthier, more active and are likely to have longer lives. So what are the financial implications for retirees who will likely live well into their 80s and possibly their 90s?
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Emotions can play a major role when it comes to investing. Understanding common investor biases can help prevent costly investment mistakes.
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This video discusses several important reasons why tax planning is such an integral component of the financial planning process.
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Let’s face it, in today’s world, managing your personal financial affairs can be complex. There are many decisions that need to be made on a weekly or even daily basis. For a large and growing segment of the population, who are trying to help (often unwilling) aging parents with their finances, this can be incredibly frustrating, stressful and burdensome.
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This video provides some insight into Beacon Financial Strategies' Retirement Feasibility Analysis service. This service is normally a planned portion of our Net Worth Management and Ongoing Financial Planning Retainer arrangements.
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When it comes to structuring a tax-efficient investment portfolio, we believe it is important to consider “asset location.” That is—which types of investments should be held in which accounts?
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