We are thankful for…
In this season of gratitude, we pause to say Thank You to our clients, family and friends. As is the firm’s practice at Thanksgiving, we donate to our local food pantry to help those less fortunate in our community.
In this season of gratitude, we pause to say Thank You to our clients, family and friends. As is the firm’s practice at Thanksgiving, we donate to our local food pantry to help those less fortunate in our community.
Start by choosing one who listens to you… Baron Financial Group is a member of NAPFA (National Association of Personal Financial Advisors). We are a Fee-Only firm that is compensated solely by the client, not by the purchase or sale of a financial product. Our fiduciary responsibility is to put the best interests of our clients first.
If you are considering an additional car purchase (for your child or for yourself), there are several financing options that you may want to consider to determine the best way to pay for the car. Here are some pros and cons of the possible options:
What is the best age to file for your Social Security? There are many factors to consider when planning to maximize your benefit, including your specific situation. Watch our 2 1/2 -minute video to learn more about what factors to consider.
Continuing our tradition of support for Spectrum for Living, Baron Financial Group proudly sponsored their Annual Walkathon – 5K & Doggie Dash. The event was held Saturday, September 28, 2019 at Overpeck Park in Ridgefield, NJ. We were happy to also support Spectrum for Living’s annual Gala.
Medicare is health insurance for individuals who are 65 and older, under 65 with certain disabilities, or those who have End-Stage Renal Disease (ESRD). The 2020 Medicare annual enrollment period begins Oct. 15, 2019, and runs through December 7, 2019. You can change your Medicare Advantage and Part D plans without special enrollment requirements.
Medicare Consultant and guest presenter Mary Jean Cullen (MedicareAssist, LLC) answers the most frequently asked questions about Medicare. Baron Financial Group’s Investment Committee answers questions about Social Security and discusses how the media can influence your ideas about investing.
There are important questions at certain ages that you should keep in mind on your journey. Your options for Retirement and Financial Planning need to be given very serious thought and examination. You need to identify your goals, explore your options, and test for the unexpected.
The penalty for not taking one’s Required Minimum Distribution (RMD) from an IRA, according to the IRS, can be 50% of the amount that was not distributed. For example, if one is required to take $1,000 of RMD this year, failing to do so may cause a $500 tax bill.
You want to put your emergency funds in an account where the funds are easily accessible and not exposed to risk. Examples include traditional bank accounts that carry FDIC insurance (savings, checking, etc.).
If you began taking Social Security before full-retirement age and are looking to postpone payments until a later time, there is a solution: the 1-year payback rule.
Baron Financial Group is an institutional investor. As an independent RIA (Registered Investment Advisor) with no allegiance to any investment company, we use a process to identify investments for both our clients, as well as our own investment portfolios. One of the filters in the process is cost. This comes in to play mostly with mutual funds and exchange-traded funds. When institutionally-priced mutual funds make sense, we take advantage of the opportunity. In the world of mutual funds (which are pools of assets such as stocks and/or bonds), there can be different pricing for the same underlying investments.