Blog

The Cost and Benefit of a Financial Planner

A fee-based financial planner provides services outside of what might be offered by a regular stock broker or perhaps an insurance representative selling a financial vehicle.  Often times, with retirement …

McBeath Financial Focus Video Series Overhauled

For months, Krista McBeath has hosted the videocast, McBeath Financial Focus featuring McLean County’s foremost experts on retirement and financial matters. And while it’s been successful,  it’s been said that all great …

Annuities and Retirement Planning

You may have heard that IRAs and employer-sponsored plans (e.g., 401(k)s) are the best ways to invest for retirement. That’s true for many people, but what if you’ve maxed out …

Margins Within a Financial Plan

A commonly known quote says that the best-laid plans of mice and men often go awry.  In the course of financial planning, I do my best to help people financially …

Is It Wise to Trade Your Pension for a Lump Sum?

Most private employers have already replaced traditional pensions, which promise lifetime income payments in retirement, with defined contribution plans such as 401(k)s. But 15% of private-sector workers and 75% of …

More Than a Financial Advisor

If you’ve read my past articles, you know that I’ve focused on financial education.  Not surprising, since I’m a financial planner, right here in Bloomington-Normal.  I believe smart money decisions …

Nearing Retirement? Time to Get Focused

If you’re within 10 years of retirement, you’ve probably spent some time thinking about this major life change. The transition to retirement can seem a bit daunting, even overwhelming. If …

Six Potential 401(k) Rollover Pitfalls

You’re about to receive a distribution from your 401(k) plan, and you’re considering a rollover to a traditional IRA. While these transactions are normally straightforward and trouble free, there are …

Where’s My Refund?

Once you have filed your Tax Return, you may be wondering the status of your Refund! The IRS has an easy tool you can access from their website or download …

Is a Gift Taxable?

I just made a gift. Do I have to file a gift tax return? I am asked this question a lot.  For most people, the answer will be no due …