The 4th of July is fast approaching and is a celebration of our country’s independence. It should also serve as a reminder to all of us the freedom we have and strive for. This would include trying to achieve financial independence. Financial independence can be hard to define since these words conjure different meanings for each of us. No matter your personal definition, there are some basic...
We are very excited to announce an upcoming webinar series on some of the most common topics about which our clients ask us. This series will cover Social Security, Medicare, Estate Planning, and Financial Planning. Each webinar will be hosted by one of our Financial Planners along with a guest speaker who is an expert in the subject matter. The guest experts will also be available to discuss...
Retirement is one of the greatest achievements in life. It is the culmination of decades of planning and hard work. There are some important age milestones along the way that you should be aware of to help you reach your retirement sooner. The chart below is a summary of these ages and why they are important. We are here to help provide guidance and answer questions along the way. Please do not...
The Internal Revenue Service recently announced that anyone who already took a required minimum distribution (RMD) in 2020 from certain retirement accounts now has the opportunity to roll those funds back into a retirement account following the CARES Act RMD waiver for 2020. Some individuals had already taken out their RMD for the year prior to the CARES Act and had little recourse after the...
We want to congratulate our very own, Laura Pistoresi, for receiving the Continuing Service Award from the El Rancho Charter School PTSA. This award is given for outstanding service to children and youth and the recipient has made significant contributions over a continued period of time. We are so proud of the contributions she makes at BFSG and outside of BFSG.
1. Retirement Income Needs – The number one question people ask is “How much do I need to retire?” This is a difficult question to answer and there is no magic number - like you can retire when you have $1 million. It is important to understand your assets and how much income they can produce for you in retirement 2. Expense and Debt Management – To understand income needs it is important to...
There are emotions and stigma often attached to money-making conversations. Finances are the most often cited reason for divorce. It is important to have healthy, productive conversations with your significant other, and below are some tips to help have a healthy conversation. Important Consideration: Everyone has red flags and it is important to learn how to identify and tread carefully when...
Today we witnessed the largest pullback in the markets since March with the Dow Jones Industrial Average (DJIA) plunging 1,861 points (-6.9%) with growing concerns about recent spikes in new coronavirus cases. The recent resolve that the markets would reopen smoothly was tested and we saw airlines, cruise operators, and retailers suffer the most. Year to Date Performance of the Dow While the Dow...
Are you prepared for future healthcare costs? Watch this video to find out why it’s important to plan now for the high cost of healthcare in retirement.
If you work for a publicly-traded company, you may have access to an Employee Stock Purchase Plan (ESPP). This allows you to buy company stock typically at a discount of 10% - 15% providing employees a great incentive. These plans are popular for good reason and a great way to build wealth. Below are five things you should know when using a stock purchase plan. 1. Details on How ESPP Work To...
It is natural to be going a little crazy at this point in the process of dealing with Covid-19. Many of us have little ones at home and they (like their moms and dads) are no longer happy staring at the same four walls and they want to get out and explore. Luckily, things are beginning to reopen and below is a list of some activities you can do during Covid-19: • Kayaking or Canoeing• Paddle...
Small business owners face unique challenges and surveys show that small businesses want to see the economy reopen immediately but are worried about customers not coming back (see below). Learn about how we can help small business owners plan for the future by clicking here.
The U.S. stock market is bifurcated with tech stocks being the primary catalyst for the upward drive in equity prices. This chart (courtesy of Zacks) shows that there is a growing spread between the Nasdaq 100 and the S&P 500 (both market-cap weighted indices). When there is a lack of market breadth, that usually spells trouble. The Nasdaq 100, as measured by the exchange-traded fund QQQ, is...
Unfortunately, when you retire taxes typically do not just go away. It is important to plan properly to reduce the taxes you must pay so your money will last longer. You can think of taxes in retirement as coming from three different buckets, with each bucket representing a different tax rate. Below is a summary of different sources for income and how they are taxed. Ordinary Income Tax Bucket...
Federal Reserve (Fed) Chairman Jerome Powell remarked during a 60 Minutes interview on Sunday, "There're plenty of people who think negative interest rates are a good policy. But we don't really think so at the Federal Reserve.” The markets (Federal Fund Futures) started to finally believe the Fed today as the futures had been predicting negative rates from May 7th until Powell’s comments on...
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
