Global financial markets continued to sell off in the second quarter, with virtually all asset categories in the red. Global markets suffered their worst quarter since the pandemic lows in the first quarter of 2020. Market volatility continued to be a major talking point throughout the second quarter. Driving factors behind the volatility were the Federal Reserve’s hawkish stance on inflation...
By: Henry VanBuskirk, CFP®, Wealth Manager The current rule states that you must take your first Required Minimum Distribution (RMD) by April 1st of the year after you reach 72 and annually thereafter by December 31st of each year. When the SECURE Act became law on December 20, 2019, the RMD age was pushed back from age 70.5 to age 72. Plans affected by RMD rules are: 401(k) plans, 403(b)...
Investors bought the dip in July on hopes the Federal Reserve is about to change course and relax policy before inflation has even peaked. Here are 3 things you need to know: July was the best month for the S&P 500 since November 2020, when the first vaccine trial results were reported.High yield corporate bonds returned +5.9% in July (total return), the strongest monthly performance since...
With approximately 94% of American workers covered by Social Security and 65 million people currently receiving benefits, keeping Social Security healthy is a major concern.1 Social Security isn't in danger of going broke — it's financed primarily through payroll taxes — but its financial health is declining, and benefits may eventually be reduced unless Congress acts. Each year, the Trustees of...
We are grateful to our clients who joined us at BFSG Investors’ Forum & Luncheon in Newport Beach at Balboa Bay Resort for in-depth discussions on geopolitics & globalization with Matt Gertken of BCA Research, innovations in medicine with Dr. Jeffrey Golden of Cedars-Sinai, and how blockchain works and the basics of cryptocurrencies with BFSG’s own Steven Yamshon, PhD, and team. Check...
Learn how to prepare for retirement by learning the basics of your retirement plan. Why save in your retirement plan? How to invest in your retirement plan? What to do with your retirement plan after you retire? Get these questions answered and more. Come join the conversation with Tina Schackman, CFA®, CFP® and Keith Johnson, CFP® of BFSG. Register today for this important discussion! Click...
Benefit Financial Services Group (BFSG), a multi-faceted registered investment advisory (RIA) firm serving both institutional and individual clients, is pleased to announce it has been ranked for the third consecutive year in Financial Advisor’s (FA) magazine. “We are thrilled to be counted among the nationally ranked Registered Investment Adviser’s by FAMagazine for a 3rd year in a row,” said...
By: Henry VanBuskirk, CFP®, Wealth Manager A goal that many Americans have when approaching retirement is finding that “forever home” to enjoy their golden years in. When a loved one does pass away, they typically want to pass away in their own home. One of the main expenses that occurs during retirement is healthcare and this is typically an expense that increases with age. A big culprit of...
Caring for your aging loved ones can be challenging—especially if you are unfamiliar with all the unique challenges and obstacles that come with elder care. Fortunately, BFSG is here to help. On July 19th at 10 AM PDT, we will discuss the ins and outs of elder care and outline your options with special guest John Clark of Pathfinder Senior Care Consulting. Register today for this important...
Please join us in welcoming Henry VanBuskirk, CFP® to Benefit Financial Services Group. Henry joins BFSG as a Wealth Manager. He will be working with our clients to help them realize their short and long-term goals by delivering personalized financial plans and retirement analysis. Previously, he worked as an Investment Analyst for an advisor in Woodland Hills, CA. Henry graduated from the...
The first half of the year was difficult for investors as the Federal Reserve (the “Fed”) began an aggressive tightening cycle to fight inflation sitting at 40-year highs and risk-off sentiment pervaded. Here are 3 things you need to know: The S&P 500 index dropped 20.6%, marking its worst first half of a year since 1970.Bonds, as measured by the U.S. Aggregate Index, had their worst first...
Remember, you can make only one tax-free, 60-day rollover from any IRA you own (traditional or Roth) to any other IRA you own in any 12-month period, regardless of the number of IRAs you own. This limit does not apply to direct rollovers or trustee-to-trustee transfers or to Roth IRA conversions. While it may be tempting to give yourself a free 60-day loan, there's no need to taunt the rollover...
For parents and students trying to manage college bills and student loan payments, the federal government offers education-related tax benefits. The requirements for each are different, so here's what you need to know. American Opportunity Credit The American Opportunity Credit (formerly the Hope credit) is a tax credit available for the first four years of a student's undergraduate education,...
Please join us in welcoming Thomas Kyle to Benefit Financial Services Group. Thomas joins BFSG as an Investment Performance Analyst. He graduated with a bachelor’s degree in Finance from Concordia University. Thomas was previously at LPL Financial and we’re happy to have him on board. We are looking forward to the positive impact he is going to make at BFSG and for our clients. Join us as we...
By: Michael Allbee, CFP®, Senior Portfolio Manager Volatility or down markets only become a problem if you’re forced to liquidate at the wrong time. If you have enough cash to get you through, you’re going to come out fine on the other side most of the time. We generally recommend setting aside funds to cover 3-6 months’ (6-12 months’ if retired) worth of non-discretionary living expenses...
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*Please Note: Limitations. The scope of services to be provided depends upon the terms of the engagement, and the specific requests and needs of the client. BFSG does not serve as an attorney, accountant, or insurance agent. BFSG does not prepare legal documents or tax returns, nor does it sell insurance products. Please Also Note: Different types of investments involve varying degrees of risk. Therefore, it should not be assumed that future performance of any specific investment or investment strategy (including the investments and/or investment strategies recommended and/or undertaken by BFSG) or any financial planning or consulting services, will be profitable, equal any historical performance level(s), or prove successful.
California Office (Headquarters)
Wealth Management & Institutional Services
2040 Main Street, Suite 720, Irvine, CA 92614
Arizona Office
Wealth Management
1643 E. Bethany Home Road, Phoenix, AZ 85016
