Posts in Retirement Planning
Finance in a Flash: Insurance Planning Series: Life Insurance
Finance in a Flash: Insurance Planning Series: Life Insurance

In 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?

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Investments, Mid Career Professional, Personal Finance, Podcast, Pre-Retiree, Retiree, Retirement PlanningChip Hymiller, AIF®, CFP®podcast, financial planning, investing, Personal Finance
Finance in a Flash: Should I Buy Dividend Paying Stocks To Supplement My Income?
Finance in a Flash: Should I Buy Dividend Paying Stocks To Supplement My Income?

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!

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Investments, Mid Career Professional, Personal Finance, Podcast, Pre-Retiree, Retiree, Retirement PlanningChip Hymiller, AIF®, CFP®podcast, financial planning, investing, Personal Finance
Finance in a Flash: Financial Jargon
Finance in a Flash: Financial Jargon

On 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!

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Investments, Mid Career Professional, Personal Finance, Podcast, Pre-Retiree, Retiree, Retirement PlanningChip Hymiller, AIF®, CFP®podcast, financial planning, investing, Personal Finance
Retirement Plans for Small Business Owners
Retirement Plans for Small Business Owners

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.

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Retirement Planning, Financial Planning, Mid Career Professional, Pre-Retiree, TaxChip Hymiller, AIF®, CFP®financial planning, Retirement Planning, Retirement Plans, tax planning, 401k, income tax, Small Business
Estate Planning with Roth IRAs
Estate Planning with Roth IRAs

Roth 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.

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Estate Planning, Retirement Planning, Tax, Retiree, Pre-RetireeChip Hymiller, AIF®, CFP®Estate Planning, IRA, Roth IRA, tax planning, distribution planning, required minimum distributions, Roth Conversion, income tax
Finance in a Flash: What Are Target Date Funds?
Finance in a Flash: What Are Target Date Funds?

Welcome 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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Financial Planning, Investments, Mid Career Professional, Podcast, Pre-Retiree, Retiree, Retirement PlanningChip Hymiller, AIF®, CFP®podcast, Personal Finance, Retirement Planning, Retirement Plans
Will You Retire in 2021?
Will You Retire in 2021?

Have 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.

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Financial Planning, Investments, Pre-Retiree, Retiree, Retirement PlanningErin Campbell, CPA/PFS, CFP®Retirement Planning, Retirement Plans
2020 Year In Review—One that will not soon be forgotten!
2020 Year In Review—One that will not soon be forgotten!

I 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.

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Financial Planning, Investments, Mid Career Professional, Pre-Retiree, Retiree, Retirement PlanningChip Hymiller, AIF®, CFP®Retirement Planning, investing, investment management
Finance in a Flash: So You Want To Retire?
Finance in a Flash: So You Want To Retire?

What do we think about when doing a Retirement projection? Someone walks into our office and says to us"I want to retire" or "I want to prepare for retirement", what do we do from there? In this episode of Finance In A Flash, Erin Campbell joins Nick Faulkner to walks us through this process and discuss the details of how we prepare a retirement plan.

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Mid Career Professional, Podcast, Pre-Retiree, Retiree, Retirement PlanningChip Hymiller, AIF®, CFP®Retirement Planning, Retirement Plans
Finance in a Flash: How Should You Think About Debt When Gearing Up For Retirement?
Finance in a Flash: How Should You Think About Debt When Gearing Up For Retirement?

On this episode of Finance In A Flash, Nick & Erin discuss a very important topic in the Financial Planning world: Debt. They discuss a variety of questions such as; What is considered good debt or bad debt? Which type of debt should you pay off first? When you should look at refinancing your home, and much more!

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Mid Career Professional, Podcast, Pre-Retiree, Retiree, Retirement Planning, TaxChip Hymiller, AIF®, CFP®podcast, debt, personal financial planning, financial planning, Retirement Planning
Headline Risk
Headline Risk

In today’s connected world, headline risk is everywhere! As harmless as headline risk may seem, it can represent a huge deterrent in making progress towards long term financial goals. 

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Investments, Retirement Planning, Mid Career Professional, Pre-Retiree, RetireeChip Hymiller, AIF®, CFP®investing, investment management, investment planning, Personal Finance, Retirement Planning, Stock Market, market turbulence, investments, Economy, Asset Allocation
Finance in a Flash: How Does Your Cash Flow Impact Your Retirement Plan?
Finance in a Flash: How Does Your Cash Flow Impact Your Retirement Plan?

On this episode of Finance In A Flash, we talk through cash flow and the enormous impact it can have on your retirement plan. To help walk us through this important topic we bring back our tax and planning expert Erin Campbell. Throughout this episode we discuss the three phases of retirement, common cash-flow myths, and much more!

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Podcast, Pre-Retiree, Retiree, Retirement Planning, Mid Career Professional, InvestmentsErin Campbell, CPA/PFS, CFP®Retirement Planning, podcast
Why are Personal Expenses so Important to your Financial Plan?
Why are Personal Expenses so Important to your Financial Plan?

What 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.

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Financial Planning, Mid Career Professional, Pre-Retiree, Retiree, Retirement PlanningStephanie Murrayfinancial planning, Retirement Planning, Personal Finance
Finance in a Flash: When Should I Take Social Security?
Finance in a Flash: When Should I Take Social Security?

On 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!

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Financial Planning, Mid Career Professional, Podcast, Pre-Retiree, Retiree, Retirement Planning, TaxChip Hymiller, AIF®, CFP®podcast, Social Security, tax planning
Common, Life-Altering Financial Mistakes
Common, Life-Altering Financial Mistakes

Unfortunately, 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.

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Financial Planning, Investments, Mid Career Professional, Pre-Retiree, Retiree, Retirement PlanningChip Hymiller, AIF®, CFP®Personal Finance, financial planning
Finance In a Flash: 401ks and FAQs
Finance In a Flash: 401ks and FAQs

On this episode of Finance In A Flash, Nick and Chip discuss the importance of contributing to 401k's and their benefits. They go through 401k frequently asked questions, tax benefits of 401k's, and have a quick discussion on how you should view investment options within your 401k plan. Chip and Nick then discuss what you should do if you have an old or inactive 401k plan and whether or not you should consider rolling it over to your new 401k plan or roll it over into an IRA. Lastly, always remember to check your beneficiary designations on your 401k plans!

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Mid Career Professional, Investments, Podcast, Pre-Retiree, Retiree, Retirement Planning, TaxChip Hymiller, AIF®, CFP®401k, Personal Finance, financial planning
Beacon Financial Strategies' Market and Planning Update Webinar 4th Quarter 2020
Beacon Financial Strategies' Market and Planning Update Webinar 4th Quarter 2020

Here 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!

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Education, Estate Planning, Financial Planning, Investments, Mid Career Professional, Pre-Retiree, Retiree, Retirement Planning, Tax, Web PresentationChip Hymiller, AIF®, CFP®financial planning, Retirement Planning