In 2020, the SECURE Act changed the distribution requirements for non-spousal beneficiaries of IRAs. The new rules are fairly complicated. We will review the rules and discuss the options and opportunities to optimize the tax impact of these inherited IRA distributions.
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Portfolio rebalancing is an integral part of the investment management process. On this episode of Finance In A Flash, Chip and John sit down to talk about the concept of rebalancing and discuss the benefits of implementing a portfolio rebalancing strategy.
Read MoreAre you faced with the task of helping aging parents with their finances? Here are some helpful ideas to make the process more manageable.
Read MoreAre you in the process of evaluating, or considering a move into a retirement community? We have found that when it comes to choosing a retirement community, those who are happiest and most confident with their choice are those who carefully consider both the financial and non-financial aspects when making their decision.
Read MoreOn this episode of Finance in a Flash we welcome a special guest to the podcast. Stephanie Murray, Stephanie is Beacon’s Planning and Operations Manager. Stephanie is an Enrolled Agent—a federally licensed tax practitioner as well as a Certified Financial Planner™. John and Stephanie sit down and discuss important tax forms, the tax preparation process, and much more!
Read MoreBeacon recently hosted a live webinar for clients and friends where we discussed financial markets and year-end planning opportunities! Check out this webinar to get our take.
Read MoreWhen it comes to investing, the relationship between risk and reward has held steady over time. It is important for investors to understand this relationship when constructing an enduring portfolio.
Read MoreOn this episode of Finance in a Flash, Chip and John explore why we prefer mutual funds and ETFs versus individual stocks!
Read MoreOn this episode of Finance In A Flash, John interviews Beacon's Client Services Representative, Patrick Lamprey. We really hope you enjoy this episode and get to know more about Patrick as he talks about his personal life, how he got into financial planning, and his time here at Beacon so far!
Read MoreGetting married is one of the biggest decisions of any persons life. On this episode of Finance in a Flash, Chip interviews John to discuss making financial decision as newly weds.
Read MoreFor better or worse, the financial decisions that young adults make have an ongoing impact on their lives. On this episode of Finance in a Flash, Chip and John give some advice to recent graduates on how to build a solid financial foundation.
Read MoreMaking the decision to retire is a difficult one. On this episode of Chip and John discuss the moving parts, many unknowns and variables that are at play that can impact the outcome and ultimately the probability of a successful retirement.
Read MoreAs people age, they may find that living in a retirement community or continuing care community can offer them the support, care, and amenities they need to live a fulfilling life. However, choosing the right community and planning for life in such a community can be a complex process.
Read MoreOn this episode of Finance in a Flash, Chip and John discuss a few situations that might warrant selling an investment and some rules of thumb to consider when deciding on whether to sell an investment!
Read MoreIs it best to contribute to your company sponsored 401k plan, a Roth IRA, or a personal brokerage account? The answer depends on many factors. Chip and John hash out some of those factors on this episode of Finance in a Flash!
Read MoreWhen it comes to taking account distributions, which account is best - IRAs, Roth IRAs, Brokerage accounts or 401k plans? Chip and John discuss tax strategies and other considerations to take into account when deciding which account to take a distribution from!
Read MoreOn this episode of Finance in a Flash Chip and John sit down to discuss, tax-efficient investing and the importance of “Asset Location.” Chip and John talk about which types of investments should be held in which accounts and why that may vary based on your stage in life.
Read MoreWhen it comes to financial planning, one of the easiest and most important things to accomplish is an overall review of your estate plan. We suggest that you review your estate plan every couple of years or when there are changes in your family that may impact your estate planning. Here is a checklist of estate planning items to review that may be helpful.
Read MoreYou can definitely make a difference is with your grandchildren’s personal financial education. Teaching kids early will build a lifetime of good financial habits. How can we help them develop good financial habits? By taking advantage of the fact that they really are already watching and learning from what we do and say.
Read MoreThe SECURE Act 2.0 altered the onset of Required Minimum Distributions (RMDs) from age 72 to age 73. However, the law made no change to the Qualified Charitable Distribution (QCD) rules. So, while a RMD is not required until age 73, a taxpayer over age 70 ½ is allowed to distribute directly from their IRA to their favorite charity and avoid taxation.
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