This web presentation discusses the importance of an Investment Policy Statement (IPS) when managing client portfolios.
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We at Beacon Financial Strategies, believe that rebalancing is an integral component of the investment management process. In this presentation, Chip Hymiller, AIF®,CFP® explains the concept of rebalancing and discusses the advantages of implementing a portfolio rebalancing strategy.
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Doesn’t it seem like the stock market should be down more in 2020? This article takes a deeper dive into the numbers and it turns out that when using more diversified definition of “the market,” stocks have taken quite a hit this year.
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2020 is turning out to be quite different from what many of us had planned on back in January. Not only are there changes in our day to day life, there are changes that could impact your financial life and what you had originally planned on doing this year. One of those changes relates to charitable gifting.
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Where is your stimulus payment? Will it be taxed later? Will I have to pay it back if the IRS sends me too much? Beacon answers all your questions concerning the Economic Stimulus payments.
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When a loved one passes away, the grief coupled with the burden of settling their estate can be overwhelming. Here are a few things you can do to make the estate settlement process easier for your heirs.
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Due to the coronavirus pandemic, the due date for filing federal income tax returns and making tax payments has been postponed by the IRS from April 15, 2020, to July 15, 2020. No interest, penalties, or additions to tax will be incurred by taxpayers during this 90-day relief period.
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On Friday, March 27, 2020, the Coronavirus Aid, Relief, and Economic Security (CARES) Act was signed into law. This $2 trillion emergency relief package is intended to assist individuals and businesses during the ongoing coronavirus pandemic and accompanying economic crisis. Here is a brief summary of some of the major provisions.
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As the days get warmer, many people are spring cleaning their homes, including all their old filing cabinets. Our clients often ask how long they need to hold on to all their old paperwork. Let’s examine the best practices for shredding your documents.
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Stocks are declining just about everyday. It seems like investors would be much better off just selling their stock positions and waiting until things stabilize and there is more certainty. This web presentation addresses the logistics behind this decision and identifies a common scenario that can play out when making this type of portfolio adjustment.
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This webinar provides a historical perspective to recent stock market declines related to COVID-19. It also provides some financial planning opportunities and ideas to explore in the future.
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Long 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.
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With the Coronavirus causing disruption and uncertainty around the world. Chip Hymiller explains why keeping your perspective and staying calm during this time is so important to achieving your financial goals.
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Most parents take certain steps to protect their children in the event of their premature death. Drafting a will, designating a guardian, obtaining life insurance and naming appropriate beneficiary designations on IRAs and 401k plans are all important components of an effective estate plan. However, most parents should take additional measures to provide guidance on how their financial assets are managed for their children’s benefit.
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How you want to retire is almost as important as when you want to retire. When you are younger it may be hard to imagine what you would do if you didn’t get up and go to work every morning. But as you get closer to to your retirement date, you should really stop and think about how you will fill your time.
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In order to make your meeting with the estate planning attorney more efficient and productive, here are few items that you need to think about or decide on before your meeting.
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A question we often get is “How much can I withdraw from my accounts during retirement and not deplete them?” That question coupled with the ideal stock/bond mix makes for an interesting discussion on how probable your retirement goals are.
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Tax season is upon us. Find out what you need to know to make this tax season painless and worry free!
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During retirement, is it best to take distributions from IRAs, Roth IRAs or personal brokerage or savings accounts? The decision of "Which account?" is an important one with many factors to consider.
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Social Security was originally intended to provide older Americans with continuing income after retirement. As people approach retirement, they generally have questions about Social Security and the benefit it provides.
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