Due to the coronavirus pandemic, the due date for filing federal income tax returns and making tax payments has been postponed by the IRS from April 15, 2020, to July 15, 2020. No interest, penalties, or additions to tax will be incurred by taxpayers during this 90-day relief period.
Read MoreOn Friday, March 27, 2020, the Coronavirus Aid, Relief, and Economic Security (CARES) Act was signed into law. This $2 trillion emergency relief package is intended to assist individuals and businesses during the ongoing coronavirus pandemic and accompanying economic crisis. Here is a brief summary of some of the major provisions.
Read MoreAs the days get warmer, many people are spring cleaning their homes, including all their old filing cabinets. Our clients often ask how long they need to hold on to all their old paperwork. Let’s examine the best practices for shredding your documents.
Read MoreStocks are declining just about everyday. It seems like investors would be much better off just selling their stock positions and waiting until things stabilize and there is more certainty. This web presentation addresses the logistics behind this decision and identifies a common scenario that can play out when making this type of portfolio adjustment.
Read MoreThis webinar provides a historical perspective to recent stock market declines related to COVID-19. It also provides some financial planning opportunities and ideas to explore in the future.
Read MoreLong term care costs are expensive and rising every year. For many, a two or three year stay in a skilled nursing facility could cost several hundred thousand dollars and potentially wipe out a retirement nest egg.
Read MoreWith the Coronavirus causing disruption and uncertainty around the world. Chip Hymiller explains why keeping your perspective and staying calm during this time is so important to achieving your financial goals.
Read MoreMost parents take certain steps to protect their children in the event of their premature death. Drafting a will, designating a guardian, obtaining life insurance and naming appropriate beneficiary designations on IRAs and 401k plans are all important components of an effective estate plan. However, most parents should take additional measures to provide guidance on how their financial assets are managed for their children’s benefit.
Read MoreHow you want to retire is almost as important as when you want to retire. When you are younger it may be hard to imagine what you would do if you didn’t get up and go to work every morning. But as you get closer to to your retirement date, you should really stop and think about how you will fill your time.
Read MoreIn order to make your meeting with the estate planning attorney more efficient and productive, here are few items that you need to think about or decide on before your meeting.
Read MoreA question we often get is “How much can I withdraw from my accounts during retirement and not deplete them?” That question coupled with the ideal stock/bond mix makes for an interesting discussion on how probable your retirement goals are.
Read MoreTax season is upon us. Find out what you need to know to make this tax season painless and worry free!
Read MoreDuring retirement, is it best to take distributions from IRAs, Roth IRAs or personal brokerage or savings accounts? The decision of "Which account?" is an important one with many factors to consider.
Read MoreSocial Security was originally intended to provide older Americans with continuing income after retirement. As people approach retirement, they generally have questions about Social Security and the benefit it provides.
Read MoreDisorganization can generate months of hassle as well as unnecessary attorney or advisor fees. In addition to making sure that the distribution of your assets is in line with your objectives, taking a proactive approach when planning your estate can save your grieving family a significant amount of time and hassle.
Read MoreHave you confirmed the beneficiary designations of your 401k, IRA, or life insurance policies recently? If not, you should! Find out why.
Read MoreWhile both mutual funds and exchange traded funds (ETFs) can be effective tools when creating a diversified portfolio, it is important to understand attributes of each of these investment options.
Read MoreHow good is your 401(k) plan at work? We looked at Brightscope which measures 401(k) plans and gives them a rating.
Read MoreBrokerage firms Charles Schwab & Co. and TD Ameritrade recently announced that they would stop charging brokerage commissions on trades for exchange traded funds and even stocks. Some of you may have wondered what impact this will have on you and also will we (Beacon) make any changes to your portfolio as a result.
Read MoreThe Millionaire Next Door is a classic book that surveyed over a thousand millionaires to try and identify common attributes that made them so successful at accumulating wealth. And the results may surprise you.
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