When it comes to structuring a tax-efficient investment portfolio, we believe it is important to consider “asset location.” That is—which types of investments should be held in which accounts?
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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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Revocable 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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This article highlights some of the notable elements of recent tax law changes.
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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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It’s March Madness and we are very excited to host a live webinar on March 30th at 12PM EST! We will have a special guest speaker, Moulaye “Mou” Niang and you are going to love his story!
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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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In this episode of Finance In A Flash, Nick & Chip discuss the most popular types of investment vehicles in the world, Mutual Funds & ETFs. What are the differences between the two and are there advantages or disadvantages to using them? In addition, they spend a lot of time talking about the tax efficiency of ETFs and how Mutual Funds can be incredibly tax-inefficient at times.
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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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In this episode of Finance In A Flash, we discuss our education planning philosophy, as well as details of a 529 Education Plan.
Insurance issues are one of the most confusing areas that people address. What would be the financial impact on your family if there were a loss of income due to a physical or mental disability? This article addresses important considerations to help you decide if you need disability insurance.
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Is the IRS ready to begin processing 2020 tax returns? Should you consider delaying your filing or file an extension? Find out from Beacon Financial Strategies’ tax and financial planning expert what you need to know when it comes to your 2020 tax return.
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This week we tackle a very important and popular question people are asking: "Is there a bubble in stocks or the stock market?" We also discuss various strategies you should take and questions you should ask yourself when feeling uncertain about the future of the stock market.
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Many financial planning objectives can be accomplished through the utilization of trusts. Here are several of the most common types of trusts and a brief overview of their purpose…
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In this episode of Finance In A Flash, Nick & Chip discuss the story of Gamestop and how it has captivated the world over the past week. Thanks to a Reddit thread pointing out that a large hedge fund had a massive short position on Gamestop, the stock price rose almost 2,000% within a week! We break down how this happened and the important lessons everyone should take away from these recent events.
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Have you ever wondered what the differences are between mutual funds and exchange traded funds (ETFs)? This article explores those differences giving you a better understanding of the pros and cons of each.
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When it comes to taking account distributions in retirement, which account is best - IRAs, Roth IRAs, Brokerage accounts or 401k plans? Also, are there tax strategies that could be employed now to minimize taxes in the future?
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The Consolidated Appropriations Act (CAA) offers many tax provisions to assist in the ongoing economic crisis. Many of the provisions affect not only the 2020 tax return but into future years as well.
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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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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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