With the recent tax law changes, many individuals are looking at a window of time where they will pay lower taxes (the Tax Cuts and Jobs Act is scheduled to expire December 31, 2025). The Roth conversion becomes more attractive while you’re paying taxes at a lower rate and, historically, we are still near lows in the top marginal tax rates. Current tax rates are unlikely to stay at these levels...
As parents, we want what is best for our kids and we do all that we can to help them be well-positioned for success in life. From our experience, two of the most critical skills to teach kids are proper social skills (another topic for another day) and instilling good financial habits. Let’s be honest, schools are not teaching this to our kids and society is full of traps to instill bad...
Fiscal legislation stalled last week and with the current stimulus expiring President Trump this weekend signed new executive orders to provide temporary relief and hopefully help break the current gridlock in Washington. There are four key areas that we will take a closer look at: 1. Extend Unemployment Insurance – The $600 in additional weekly unemployment benefits under the CARES Act expired...
To say this year has not been normal is an understatement. We are only in August, but it feels like it has been over a year since all this craziness started. Right now, it is normal to not feel normal. No one expected a crisis that would force us into isolation. There is craziness all around us and it would not surprise me if Godzilla or King Kong attack next month the way things have gone. This...
Benefit Financial Services Group (BFSG), a multi-faceted registered investment advisory firm serving both institutional and individual clients, is pleased to announce it has been ranked #7 in Financial Advisor’s (FA) magazine “Top 50 Fastest-Growing Firms” and ranked #345 out of 551 firms that made the list in FA’s 2020 “Annual RIA Ranking”. The rankings were released in the August 2020 issue of...
It seems almost every month we are hearing about some major corporation being hacked. We just witnessed Twitter getting hacked a couple of weeks ago. Below are some tips to help you protect your information online: 1. Read and understand privacy policies. Before conducting any financial transactions or using a new app always review the privacy policy. It is scary the amount of data you allow...
BFSG is pleased to announce it has been named to the 2020 edition of the Financial Times 300 Top Registered Investment Advisers. The list recognizes top independent RIA firms from across the U.S. The final FT 300 represents an impressive cohort of elite RIA firms, as the median AUM of this year’s group is $1.9 billion. The FT 300 Top RIAs represent 39 different states and Washington, D.C....
Financial Wellness – Summer Webinar Series In case you missed the live sessions of our Summer Webinar Series, you can watch the replays now (while complimentary, registration is required for On-Demand viewing). The Social Security webinar is now available On Demand by clicking here to watch the replay. The Medicare webinar is now available On Demand by clicking here to watch the replay. The...
The old view that retirement was just sitting on your porch or watching t.v. has passed. The reality is retirement allows you to do what you want to do. For many, this comes in the form of a second career pursuing a passion like one of our clients that started to sell quilts and knitted goods and makes a tidy profit. For others, it means still working, but in a field or job that brings them...
Big businesses may dominate the stock market, but it is small businesses and startups that keep our economy moving. Find out how small businesses are the lifeblood of the U.S. economy and how BFSG can help business owners by watching this short video by clicking here.
Financial Wellness - Summer Webinar Series In case you missed the live sessions of our Summer Webinar Series, you can catch the Social Security and Medicare webinars now. Learn what to consider to help determine when to take Social Security.Clarify what Medicare does and does not cover.Strategies to try and help reduce costs for Medicare. Click here to register and watch on-demand our Social...
As a Landlord, it is important to take proper precautions to protect yourself in case you were ever to be sued. The most common forms of asset protection come from either umbrella coverage or using a business structure (most commonly an LLC). This is an important part of planning when you have rental property but unfortunately is often overlooked. Let’s take a closer look at both to understand...
With everything that happened earlier this year the IRS delayed normal deadlines for filing and paying taxes from April 15th to July 15th. This delay was part of Notice 2020-18 and below are items that need be done by next Wednesday, July 15th. 1. File taxes for 2019 - You can file an extension if needed. 2. Pay taxes for 2019 – If you file an extension be aware your payment is still due if...
Do you have an business exit plan strategy? 1. Transfer the company to a family member(s) – This seems like the easiest choice for many owners but there are several considerations like potential family issues, children(s) ability to run the company and this exit strategy may not provide sufficient cash payouts in retirement. 2. Transfer to a key employee(s) – This exit strategy provides...
Tailor portfolios to your needs and goals.
Investing and saving wisely is vital to success in retirement.
Navigating the complexities of your financial affairs can be simplified.
Help to increase the amount you “take home”.
Protect your loved ones and make sure your legacy endures.
Simplify the many options and decision points of executive compensation plans.
Confidently plan for your children’s future.
Give in a tax-smart, simple way.
*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
