You may be tempted to change your investments around due to the perceived riskiness of the stock market during an election year. However, that would not be in your best interest. Volatility of Stock Market During Election Years For whatever reason, it feels like the stock market is more risky in election years […]
How to Handle Your Investments in an Election Year Read More »
Many pension plans are under a lot of stress due to the coronavirus. In today’s article, I discuss what you need to do to protect yourself against your pension not fully being there in the future. State Pension Plans Colorado, South Carolina, and New Jersey previously decided to temporarily stop making additional payments to
Is Your Pension Safe? Read More »
There always seems to be a tremendous amount of buzz surrounding companies that are getting ready to go public. However, the excitement that comes along with the chance to profit significantly is almost always overplayed. What is an IPO? An IPO (Initial Public Offering) is when the stock of a private company is sold
Why You Should NEVER Invest in IPOs! Read More »
Last Updated: 5/28/2021 It’s no surprise that our country’s debt continues to rise at unparalleled levels. Currently our nation’s debt is $28.3 trillion and rapidly rising. And further talks of economic stimulus will only push the debt higher. This could create serious implications for us as citizens and you need to be prepared. I recently
Implications of Our Country’s Debt – and What You Can Do Read More »
The CARES Act provided retirees with the ability to waive Required Minimum Distributions (RMD) for 2020. Those who did this may have a very attractive tax strategy available to them. Read on to learn more. RMD is the process where the IRS requires you to begin taking withdrawals from your IRA, 401k, or 403b if
Powerful Tax-Saving Strategy if You Stopped RMD in 2020 Read More »
My article on Roth Conversions in a Down Market was recently published on Advisor Perspectives, the #1 most-read electronic newsletter by financial advisors. Much was written about a strategic “opportunity” to do a Roth conversion when the coronavirus caused the stock market to decline over 30% between February and March 2020. The tactic was based
Roth Conversions in a Down Market? Think Again Read More »
If you’ve been laid off due to the coronavirus and had a 401k loan, then you need to watch this video. There are a couple different ways to repay a 401k loan and one of them is usually not in your best interest.
(VIDEO) How to Repay 401k Loan When Laid Off Read More »
Last Updated: 7/2/2021 Robinhood is an online trading platform where you can purchase stocks, ETFs, options, and even cryptocurrencies. Many investors use this service due to the trades being completely free. But is this actually the case? In today’s article, I’ll answer that question. Order Flow Robinhood promotes itself as a free trading platform.
Is Robinhood Actually Free? Read More »
In my experience many people’s investment accounts (especially their 401k’s) are heavily invested in large company (aka large cap) U.S. stocks. This has led to phenomenal returns over the last 10 years, especially if you’ve invested in large cap U.S. growth stocks. However, continuing with this approach could lead to less than ideal investment performance.
Beware Large Cap Growth Stocks Read More »
The coronavirus epidemic brought with it a lot of pain. Many people lost their jobs. Investment accounts declined very rapidly. Life was essentially turned upside down. In today’s video I discuss 3 financial lessons that we can learn from this epidemic and how it can prepare you for the next crisis that comes your way.
(VIDEO) 3 Financial Lessons to Learn from COVID-19 Read More »
Many people understand that the decision to refinance involves more than just how much money they will save on a monthly basis. They also understand that there is value to the length of time they’ve being paying down their mortgage, but they don’t how to quantify that and determine if refinancing makes sense for them.
How to Truly Know if You Should Refinance Mortgage Read More »
In last week’s blog post I discussed the importance of converting some of your taxable IRA to a tax-free Roth IRA to protect against higher taxes in the future. With that in mind, should you convert your entire IRA to a Roth IRA? I answer this question in today’s article. There is a strong appeal
Should Your Entire IRA Be Converted to a Tax-Free Roth IRA? Read More »
B.E.S.T. Wealth Management, LLC was founded on the principle that everybody deserves financial planning advice and help with investing money.
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