Baron Financial Team Answers Questions About “Your Personal Economy” - the aspects of your financial life that are unique to you. Presented by Victor Cannillo, NAPFA-Registered Financial Advisor. Today’s video answers the question, how do I create an income stream in retirement? We are going to cover three common income resources that may be available to you in retirement. View or listen to our video to learn more.
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. Am I OK financially? Can I live the lifestyle that I want in retirement?
James Suazo, a Wealth Manager at Baron Financial Group, is quoted on this topic, answering a reader’s question on NJMoneyHelp.com by Karin Price Mueller, “I’m 64 and considering retirement. Can I afford it?”. Your options for retirement need to be given very serious thought and examination to determine your needs and sources of income. Having a financial plan in place prior to retirement ...
A 60-second read by the Baron Team: Congratulations 2025 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. Invest in yourself first…
Our financial planning chart provides information that includes key financial planning numbers for 2025. New to 2025: Retirement Plan Contribution Numbers – For Baron Clients, reach out to your Baron Team to make sure you are maximizing your retirement savings. You can click on the image to view the 2-page chart.
As a Registered Investment Adviser, we are held to a fiduciary standard and must put the interests of our clients first. Our recommendations will be tailored according to your unique needs and goals. Our goal is to deliver proactive advice designed to bring you value and opportunity. View our “Who We Are” video to learn more about how we are compensated and our fiduciary obligation.
As you start to compile the documents you need for filing your tax return, it might be helpful to reference our flowchart below in determining what documents are needed. It is important to wait for all of your tax documents to arrive before filing, especially if you are thinking of filing your taxes early this year. Keep in mind the following:
The start of a New Year is a good time to share our financial checklist. Here are some priorities for you to review, plan for, and update in 2025. As Financial Advisors, we are dedicated to educating our clients and our community about the importance of their financial health. We hope you find this checklist helpful! You can download the checklist here:
What 5 things should you be thinking about at the end of the year when it comes to your finances? 1. Review your personal budget and commit to a savings plan for 2025. 2. Review your long-term investment strategy...
Can I do a Qualified Charitable Distribution (QCD) from my Individual Retirement Account (IRA)? This post provides guidelines for taking QCDs from IRAs. You need to be at least age 70 ½ before you can make a QCD. A Qualified Charitable Distribution is a way to support charities while also reducing taxable income created by your IRA distribution. This flowchart addresses common issues pertaining to QCD rules, including:
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) or Amyotrophic Sclerosis (ALS). The Medicare annual open enrollment period for the 2025 Medicare Advantage and Part D prescription plans begins Oct. 15, 2024, and runs through December 7, 2024. You can change your Medicare Advantage and Part D plans without special enrollment requirements.
A 30-second read by the Baron Team: If you are currently a Medicare card holder, below are some fraud-prevention tips provided by Medicare.gov that you may want to be aware of. Just like your credit card or social security card, you want to make sure your Medicare card and/or number is always protected.