Through hard work and sound financial planning, some find themselves in situations in which they are contemplating intra-family financial planning. That is, identifying financial planning techniques that can be used to financially strengthen the next generation—children and grandchildren.
Read MoreLet’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 aging parents with their finances, this can be incredibly frustrating, stressful and burdensome.
Read MoreThere is no doubt that pensions are an extremely important asset and making decisions regarding these plans can be daunting and stressful. This is especially true since pension decisions are irrevocable! This article addresses common questions that should be considered when making decisions about your pension.
Read MoreBeacon recently hosted a live webinar to update clients and friends about the financial markets and current economic conditions. We also provided some financial planning strategies to consider that could have a meaningful impact over the long term.
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. Find out the things you should know when it comes to long term care and long term care insurance.
Read MoreWhen 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.
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