Is retirement on your horizon? Have you thought about what it will take to be prepared financially to retire? This article provides a number of common financial decision points and action items that you may need to evaluate during your “pre-retirement” period.
Read MoreIt’s almost Election Day in the US once again. While the outcomes of the elections are uncertain, one thing we can count on is that plenty of opinions and prognostications will be floated in the days to come. In financial circles, this will almost assuredly include any potential for perceived impact on markets. But should long-term investors focus on midterm elections?
Read MoreYou will note in the table below that over the last year the S&P 500 (U.S. stocks) has outperformed its international counterpart by more than 22%! This disparity in performance becomes even more magnified when considering 10 year and 15 year performance numbers. In fact, U.S stocks have outpaced foreign stocks by about 2.5% annually for the last 15 years! So why is it important to take a global perspective when investing for the long term?
Read MoreFor many, the largest unknown during retirement and a source of much concern and worry is the potential for “extraordinary” health-related expenses
Read MoreWhat was going on in 1987 to cause such market uncertainty? Well, there were a number of things. Uncertainty in the Middle East. Oil price volatility related to an OPEC collapse. An economy that had expanded rapidly, but was now beginning to slow.
Read MoreIn this article, we provide some insight into managing those retirement expenses that pre-retires are most concerned about: taxes and health-related expenses.
Read MoreIn this article, we wanted to spend some time addressing pension decisions, ideas for strengthening your personal balance sheet and helping you think through how much money you will likely need during retirement.
Read MoreMany of our clients have asked how what will happen to the stock market if Candidate(X) wins the election. Get a historical perspective of the impact an election may have on the stock market.
Read MoreBeacon Financial Strategies own Chip Hymiller, CFP® was recently quoted in US News & World Report article!
Read MoreAs a 401(k) plan sponsor or decision maker, do you know that you can be held personally responsible for mistakes in your company's 401(k) plan? Hiring the right professionals, those that can serve as fiduciaries to your 401(k) plan can help defray some of your liability. Find out how.
Read MoreThe Employee Retirement Income Security Act of 1974 (ERISA) imposes strict standards of conduct on fiduciaries who have discretion over the administration and investment of 401(k) retirement plans and plan assets.
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