In this presentation, Erin Campbell, CPA/PFS, CFP® discusses executing converting funds from an IRA to a Roth IRA (i.e. Roth conversion). She discusses everything from the reasons people should consider this strategy to the possible drawbacks.
Read MoreAs the Covid-19 pandemic enters its 8 month, so many questions remain unanswered. How far are we from having a vaccine? Will there be an emergence of new Covid cases as the weather gets colder? Will states be able to effectively reopen local economies? Most importantly, when will things get back to normal? These unresolved questions all seem pretty important at the moment. However, will these temporary issues have a meaningful impact on a well-diversified, long term investment strategy?
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 MoreIn this episode of Finance In A Flash, Nick & Chip discuss one of the most used phrases in all of finance, "The Market". What are people actually referring to when they say things like; "The market is crashing today!", "The market is down 1000 points", or "Stocks are soaring!"? Nick and Chip unpack the different indexes people may be referring to when they mention "The Market" and why you shouldn't always correlate the performance of "The Market" with your overall portfolio.
Read MoreThere are a number of indexes that attempt to measure the performance of the financial markets and serve as a gauge of economic activity. The following are descriptions of several of the most common indexes.
Read MoreOn the surface, it would seem that the decision to begin collecting Social Security retirement benefits is a straight-forward one – take the money as soon as possible. However, for many people, taking their Social Security retirement benefit as soon as they become eligible may not be the best alternative.
Read MoreLet’s face it, seniors today are healthier, more active and are likely to have longer lives. So what are the financial implications for retirees who will likely live well into their 90s and possibly their 100s?
Read MoreOn this episode of Finance In A Flash, Nick & Erin take a deep dive into Roth conversions. They start with the basics by defining what a Roth conversion is and then transition into deeper topics by describing different scenarios on when it makes sense to use this strategy!
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?
Read MoreOn this episode of Finance In A Flash, we conclude our series titled: Financial Planning Opportunities Amid Market downturns. Throughout the episode, we cover several planning techniques such as Roth Conversions, Refinancing your mortgage, and reevaluating your budget, especially if you are in the distribution phase.
Read MoreIt is very important to periodically take the time to review your estate plan and make sure your existing documents are still appropriate and continue to meet your needs. This is a task that Beacon reminds clients to address about every other year. So what are those things that need to be reviewed?
Read MoreWho would have ever expected a rebound of historic proportions in stocks? However, since March 23rd—the height of pandemic uncertainty—major stock indexes have advanced nearly 40%!
Read MoreOn this episode of Finance In A Flash we continue our series on Financial Planning Opportunities Amid Market Downturns by covering Tax-Loss Harvesting. We go through the details of Tax-Loss Harvesting and the benefits of using this strategy during times when your investments have losses.
Read MoreOne of the largest financial concerns for many is the unknown, but potentially devastating cost of long term care. The financial impact of an extended need for long term care can be enormous. But what age is the right age to consider purchasing long term care insurance?
Read MoreOn this episode of Finance In A Flash, Chip & Nick discuss the benefits of rebalancing your portfolio amid a market downturn. When the stock market declines, so does the stock percentage in your portfolio, meaning you have to buy more stocks to get to your target asset allocation. This can be advantageous in various ways, to which we discuss in this episode!
Read MoreAs we help clients make long-term financial decisions, we also like to consider the probability of various negative outcomes. While we consider ourselves generally optimistic people, we believe that it is both important and helpful to also think about “worst case scenarios” - those financial uncertainties that have the potential to derail financial goals.
Read MoreEliminating debt is a key factor in accumulating wealth, but is paying off your mortgage as soon as possible the best financial decision?
Read MoreDo you know the factors to consider when establishing an emergency savings account? How much cash is it appropriate to keep on hand in short term savings and money markets? Before we address the question, it is important to understand the important role cash plays in an overall financial plan.
Read MoreThis web presentation discusses the importance of an Investment Policy Statement (IPS) when managing client portfolios.
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