2020 Financial Checklist
Start the new decade with a fresh look at your financials. Here is a checklist to get you started:
Start the new decade with a fresh look at your financials. Here is a checklist to get you started:
As part of Congress’ year-end budget deal, the SECURE Act (Setting Every Community Up for Retirement Enhancement) has been signed into law. The SECURE Act includes many changes that will affect retirement accounts starting in 2020. Below is a summary of some of the major changes:
What 5 things should you be thinking about at the end of the year when it comes to your finances?
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.
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.
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.).
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.
Whether you are making a plan to travel or planning for retirement, determining an appropriate strategy ahead of time will provide guidance for a path to success and for actions to take when things might not go as smoothly as expected.
1. Turning wealth into income – creating a total return strategy that produces a continuous paycheck just like you had when you were employed 2. Revising your investment strategy – which was successful for the accumulation phase but may not work as well now during the distribution phase 3. Protecting against new risks and concerns...
A 60-second read by the Baron Team: Congratulations 2019 College graduates! Throw that mortarboard as high in the air as you can and before it circles back down to earth, start thinking about saving for your retirement. You are most likely going to be responsible for setting yourself up for a successful retirement, so your best bet is to invest early and often.
Warren Buffett said, “Investing is simple, but not easy.” You would think that if something were simple that it would be easy. Not so. Take losing weight. Burn more calories than you take in. The surefire way to invest is to buy low and sell high. Both are very simple, but extremely difficult.
A 60-second read by Anthony Benante, CFA: What value does a Comprehensive Financial Advisor offer? There is the obvious – offering expertise in investment management and financial planning, and then there is the not-so-obvious.