When a loved one passes away, there are many financial decisions that need to be addressed. Anyone who has gone through this process will tell you that it can be overwhelming and stressful. For those who have, or will be receiving an inheritance, it is important to understand the tax implications, so you can make decisions that are consistent with your personal circumstances.
Read MoreFind out the maximum contribution limits that can be made to most retirement savings accounts including 401(k) plans, 403(b) plans, traditional and Roth IRAs for 2022.
Read MoreShould you invest in stocks at a market peak? This article explores historical results when investing at a market peak and steps you should take to increase your probability of long term success.
Read MoreIn this webinar, Beacon Financial Strategies’ Certified Financial Planner Professionals discuss a number of charitable gifting techniques.
Read MoreThis is a replay of our live webinar held on September 29, 2021. We will discuss several “last minute” considerations associated with those who will be retiring soon.
Read MoreDoes the world feel out of control? There is so much uncertainty in the world and most investors feel powerless when it comes to investing and accumulating assets for long-term financial goals. And it is no wonder: some of the financial, economic and political challenges we are currently experiencing are on a global scale and unprecedented.
Read MoreAsset "location" - which types of investments should be held in which accounts -is different based on your stage in life. An accumulator and a retiree should have a different investment strategy.
Read MoreWithout the security of a stable paycheck, many new retirees may feel less than confident about relying on their investment portfolio to cover living expenses for the next 20 (or more) years. Research has shown that the timing of one’s retirement can be important – especially as it relates to investment returns in the early years of retirement.
Read MoreSmall business owners have a number of alternatives to choose from when it comes to establishing retirement plans for their business. Each plan type can vary in their contribution level and matching requirements, as well as their ongoing regulatory and administrative burden.
Read MoreIn this episode of Finance In A Flash, Nick & Chip continue the Insurance Planning Series and discuss "Annuities". They go through a general overview of annuities and discuss the three major types of annuities: Immediate Annuities, Fixed Annuities, and Variable Annuities.
Read MoreOn this episode of Finance In A Flash, we continue our Insurance Planning series by discussing Long-Term Care Insurance (LTC). If you are nearing retirement or already retired you should seriously look into this just because of the rising costs of nursing homes and skilled nursing care.
Read MoreAn adequately planned and properly executed estate plan can ensure that your assets will pass directly to your intended heirs with the least amount of cost and hassle. Here are seven essential elements when establishing a sound estate plan:
Read MoreIn this episode of Finance In A Flash, we begin our Insurance Planning Series by discussing Life Insurance. We believe that life insurance serves an integral role in a family's overall financial health and answer important questions about life insurance including:
What are some reasons someone would need life insurance?
How much life insurance does someone need and what are factors when determining this?
Why is it a good idea to get life insurance sooner rather than later?
What is the difference between term and permanent life insurance?
In this episode of Finance In A Flash we discuss a simple, yet popular question; “Should I buy dividend-paying stocks to supplement my income?” The answer to this question varies on a person-by-person basis, but for most, the answer is a resounding no. Let us explain on this podcast!
Read MoreRevocable living trusts can be an effective estate planning tool. However, many don’t fully understand the benefits and limitations of this type of trust. This article explains practical uses and helps you decide if a revocable living trust is a good option for you.
Read MoreOn this episode of Finance In A Flash Nick & Chip discuss Financial Jargon. They break down common words used in the finance industry, that people may have heard before, but don’t actually know what they mean! They go over terms such as asset allocation, stocks, risk tolerance, personal brokerage accounts, and market capitalization just to name a few!
Read MoreSmall business owners have a number of alternatives to choose from when it comes to establishing retirement plans for their business. Each plan type can vary in their contribution level and matching requirements, as well as their ongoing regulatory and administrative burden.
Read MoreRoth IRAs are great savings mechanisms and can be used effectively for retirement and education planning. One of the less publicized advantages to Roth IRAs is that they can be a great estate planning technique when someone wants to pass along as much as possible to their heirs.
Read MoreWhen it comes to taking account distributions in retirement, which account is best - IRAs, Roth IRAs, Brokerage accounts or 401k plans? Also, are there tax strategies that could be employed now to minimize taxes in the future?
Read MoreWelcome back to Finance In A Flash, this week we bring back our investment expert, Chip Hymiller to discuss Target Date Funds. We have a detailed discussion about Target Date Funds, the pros and cons of having them in your portfolio, and what to consider when choosing this type of investment.
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