New Investor Blog Series from BFG – The Importance of Rebalancing Your Portfolio
Rebalancing is one of the most important tasks we perform as we manage our clients’ investments.
Rebalancing is one of the most important tasks we perform as we manage our clients’ investments.
A 60-Second Read by Anthony Benante, CFA: Though everyone’s financial situation, or what we call your personal economy, is different, developing the right investment strategy starts with identifying your risk profile. To do this you need to determine your willingness to take risk and your ability to take risk.
A 30-second read by Nicholas Scheibner: One of the easiest ways to gift money to a charity in your estate plan is to name the charity as a beneficiary on your IRA or 401(k). Upon your death, the beneficiary designated on an IRA or 401(k) will receive their percentage of the assets very quickly. In addition, the designated beneficiary is independent of the will.
A 60-second read by Nicholas Scheibner: You will receive a form 1099-R if any money has been moved out of a retirement account. How much you will pay in taxes will depend on how the money is moved. You want to make sure any movement out of a retirement account is done properly, and the correct code is applied when you file your taxes. The code will appear in box 7 of the 1099-R.
If you are the owner of an IRA (Individual Retirement Account) you may be aware that at age 70 ½ you are required to withdraw a small portion of your account and pay taxes on the amount withdrawn.
Baron Financial Group’s New Investor Blog Series will consist of monthly blog posts that provide general information on a range of investment topics. The series aims to provide new investors with basic investment information.
A 30-second read by Nicholas Scheibner: When you are planning to fund your child’s college education, the 529 plan can provide several tax-benefits for your savings. A 529 plan is a plan operated by a state or educational institution, with tax advantages and potentially other incentives to make it easier to save for college and other post-secondary training, or for tuition in connection with enrollment or attendance at an elementary or secondary public, private, or religious school for a designated beneficiary, such as a child or grandchild.