Written by: Benjamin Bimson CIMA®, CMT® / CIO, BCJ Financial Group Markets are not only celebrating a great 2019, an amazing start to 2020, but also a record breaking economic expansion, currently reaching into its 127th month. Additionally, the…
One study asserts that these relationships can make a difference for investors. What is a relationship with a financial advisor worth to an investor? A 2019 study by Vanguard, one of the world’s largest money managers, attempts to answer…
Don’t fall for these misconceptions. Financial generalizations are as old as time. Some have been around for decades, while others have only recently joined their ranks. Let’s examine a few. Retirement means I can stop investing. In the past,…
Here is what you need to know. Financially, many of us associate April with taxes – but we should also associate April with important IRA deadlines. April 1, 2020 is the deadline to take your Required Minimum Distribution (RMD)…
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SECURE Act Passes with Big Changes to the American Retirement System
After sitting in the Senate for months, the SECURE Act has finally been signed into law, bringing with it some of the biggest legislative reform to retirement savings in decades. Focused on creating positive changes in the American retirement…
Written by: Benjamin Bimson CIMA®, CMT® / CIO, BCJ Financial Group 2019 is closing with astounding speed. As we move into the final weeks of this year, many are turning towards spending time appreciating what 2019 has given to…
The month in brief. The S&P 500 rose 3.4% in November and attained a series of record closes in the process. Earnings results helped stocks, as did intermittent signals that the first stage of a U.S.-China trade agreement might…
Some specifics about the “second act.” Does your vision of retirement align with the facts? Here are some noteworthy financial and lifestyle facts about life after 50 that might surprise you. Up to 85% of a retiree’s Social Security…
Changes for 2020. The I.R.S. just increased the annual contribution limits on IRAs, 401(k)s, and other widely used retirement plan accounts for 2020. Here’s a quick look at the changes. *Next year, you can put up to $6,000 in…
What you should know about naming an IRA beneficiary. Can your IRA be put directly into a trust? In short, no. Individual retirement accounts (IRAs) cannot be put directly into a trust. What you can do, however, is name…