Small 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 discuss the most popular types of investment vehicles in the world, Mutual Funds & ETFs. What are the differences between the two and are there advantages or disadvantages to using them? In addition, they spend a lot of time talking about the tax efficiency of ETFs and how Mutual Funds can be incredibly tax-inefficient at times.
Read MoreIn this episode of Finance In A Flash, we discuss our education planning philosophy, as well as details of a 529 Education Plan.
Insurance issues are one of the most confusing areas that people address. What would be the financial impact on your family if there were a loss of income due to a physical or mental disability? This article addresses important considerations to help you decide if you need disability insurance.
Read MoreIs the IRS ready to begin processing 2020 tax returns? Should you consider delaying your filing or file an extension? Find out from Beacon Financial Strategies’ tax and financial planning expert what you need to know when it comes to your 2020 tax return.
Read MoreIn this episode of Finance In A Flash, Nick & Chip discuss the story of Gamestop and how it has captivated the world over the past week. Thanks to a Reddit thread pointing out that a large hedge fund had a massive short position on Gamestop, the stock price rose almost 2,000% within a week! We break down how this happened and the important lessons everyone should take away from these recent events.
Read MoreThe Consolidated Appropriations Act (CAA) offers many tax provisions to assist in the ongoing economic crisis. Many of the provisions affect not only the 2020 tax return but into future years as well.
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.
Read MoreHave you decided to retire in 2021? If so, congratulations—it’s a big step and for most, it’s a once in a lifetime decision. Even if you’ve planned ahead, you may still be a little apprehensive about this monumental life transition. Here are a few last minute things to consider or confirm as you embark on this new and wonderful journey.
Read MoreI don’t think any of us realized how many things in our life that we take for granted—that is not until 2020. Boy oh boy, there have been some seismic changes in our world! For the most part, every aspect of daily life has been altered for many households.
Read MoreWouldn’t it be awesome if you could invest your money and earn a consistent 0.85% every month (10.25% each year)? Unfortunately, the fact of the matter is that stocks often move in abrupt bursts. These bursts of volatility can lead to high stress, doubts, or even unrealistic return expectations.
Read MoreWhat are your monthly expenses? It’s a simple question we ask every new client, and one that’s often difficult for them to answer. But, consider the importance of this basic question: In order to plan a secure financial future, a key element has to be the amount we spend on a regular basis.
Read MoreOn this episode of Finance In A Flash, we discuss one of the most frequently asked questions people have when considering retirement or when they are currently retired; "When Should I Take Social Security?". To help us tackle this important question we bring in Erin Campbell our tax and planning expert!
Read MoreUnfortunately, we have been around long enough to have seen people make some serious financial mistakes. Mistakes that can have life-altering consequences. Helping people knock the dust off and pick up the pieces is not fun. If there is a bright spot in going through these difficult times with clients, it is that our current and future clients get to benefit from the knowledge we gain from having helped clients during these setbacks.
Read MoreHere is a replay of our October 20, 2020 webinar. During this webinar we discuss: observations on 2020 market performance, thoughts heading into the election cycle, tax planning opportunities as we head into the end of the year, and what have we learned from 2020. All followed up with a Q&A!
Read MoreA, B, C, D, F, Institutional? There are many different share classes to choose from when investing in mutual funds. Understand the differences and discover which share class will work best for you.
Read MoreDoes who wins the election, Republican or Democrat, really have a bearing on stock market returns? Let's take a look at the data and find out.
Read MoreOn this episode of Finance In A Flash, Nick and Chip discuss a question that a lot of people have been asking during this turbulent time in the market; "Should I adjust my asset allocation?". They start with the basics of describing how they think about asset allocation throughout a person's lifetime and then transition into instances when it may or may not be an appropriate time to adjust your portfolio's asset allocation.
Read MoreWith the passage of the CARES Act on March 27th, Congress eliminated IRA required minimum distributions (RMDs) for the year. This means that many taxpayers above the age of 72, or anyone who is taking inherited IRA distributions, will likely have quite a change in their taxable income in 2020. So, is it a good year to do a Roth Conversion instead?
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