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      • Blog

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      • Financial Planning
      • Investments
      • Retirement
      • Social Security
      • Taxes

      How a 529 Plan Can Benefit You: Estate Planning and Wealth Transfer

      A 529 plan may offer multiple benefits as part of an estate planning and wealth transfer strategy.

      Estate Tax Changes in 2025: What Wealthy Individuals Need to Know

      Changing policies and regulations periodically reshape the landscape of estate tax laws.

      How to Optimize Your Social Security Retirement Benefits

      Social Security (SS) retirement benefits are a vital component of retirement income for many people.

      Should You Be Concerned About the State of Social Security?

      Social Security, established in 1935, provides financial benefits to the elderly, disabled, and disadvantaged groups.

      Financial Planning in Today’s Fast-Paced World

      In today’s fast-paced environment, careful financial planning is crucial when it comes to growing and preserving your wealth.

      Old 401(k), New Tricks: 6 Tips for Rolling Over Your 401(k)

      Ttips to help the rollover process go quickly and smoothly for you.

      Stay Calm and File On Time! 7 Need-to-Know Tips for Last-Minute Tax Filing

      If you know you usually wait until the last minute to file your taxes, a to-do list could help you stay motivated and on top of your responsibilities.

      The Unexpected Limitations of Personal Tax Deductions

      Read about some of the more common tax deductions, their unexpected limitations, and their potential implications.

      An In-Depth Guide to Social Security Retirement Benefits and Taxes

      Social Security is a vital component of retirement income for many.

      Retiring Early As a Couple: A Financial Love Story

      Retiring early as a couple is a goal shared by many, and if planned comprehensively, it may provide opportunities for travel, passion projects, and more quality time together.

      Death and Taxes: What to Know About Estate and Inheritance Taxes

      There are only two things in life you can count on happening at some point--death and taxes.

      What You Need To Know for the 2024 Tax Season About Credits, Deductions, and Policies

      The 2024 tax season is approaching, so be prepared for any changes that could affect your return.

      How To Factor Taxes Into Your Retirement Planning

      Retirement planning is not just about saving money — it’s about surviving on the money you saved and may receive in retirement, such as Social Security benefits.

      What’s New for RMD Requirements

      A critical aspect of retirement planning is understanding the rules and requirements surrounding Required Minimum Distributions (RMDs) from retirement savings accounts.

      Post-Holiday Financial Recovery: Bouncing Back from Seasonal Spending

      The holidays are a season of giving, rejoicing, and celebrating. And sometimes, being joyous means having to spend some money

      First Time Donor? Here’s How to Start Your Philanthropic Journey

      High-net-worth (HNW) individuals play a crucial role in fostering positive change and impact on a global scale. However, for many first-time donors, the world of philanthropy can seem overwhelming or challenging to navigate.

      Investing with Purpose: A Step-by-Step Guide to Creating an Investment Savings Plan

      Creating an investment savings plan (ISP) is essential for keeping you on track toward your goals and building wealth.

      Make the Most of Your Tax Write-Offs for Giving Tuesday

      Here are some tips and tricks for managing your deductions and charitable purposes on Giving Tuesday.

      How Much Should I Have in My 401(k)?

      A crucial aspect of planning involves understanding how much money you should aim to have in your 401(k) now, based on your age, as you save for retirement.

      The Power of Purposeful Giving: Tax Planning Insights for Charitable Deductions

      Charitable contributions are personally rewarding and also have the potential to be tax-saving opportunities.

      Aging with Financial Security: Practical Steps for Planning Your Parents' Finances

      There are often red flags you may notice that indicate your parents have reached a point where they need help with their finances

      The Early Bird Advantage: Why Timely Year-End Planning is Essential

      Every year, the holiday season sneaks up on us and, before we get to turn around, it’s over.

      How Charitable Giving Can Bolster Your Estate Plan Before the Tax Cuts and Jobs Act Sunsets

      In 2017, the passing of the Tax Cuts and Jobs Act (TCJA) offered many different taxpayers a variety of benefits including changing deductions, depreciation, expensing, tax credits, and other tax-related items.

      Turning Fortune into Financial Freedom: A Beneficiary’s Guide to Handling an Inheritance

      Inheriting comes with many emotions, from sadness to confusion to perhaps even joy or relief.

      Nuances of Medicare – 5 Things to Keep in Mind

      Medicare is complex with many different moving parts involved.

      You Might Not Want to Max Out Your 401(k) Right Away

      Contributing to a 401(k) plan is an excellent method for saving for retirement.

      Retiring on Your Own Terms: 7 Ways You Can Work Toward an Early Retirement

      Many dream of working toward early retirement, but getting there generally doesn’t happen by accident.

      How to Navigate Buying a Home During High Inflation

      With rising housing prices and interest rates, you may feel pressured to jump on the carousel to avoid being left behind.

      Overcoming the Dual-Caregiving Dilemma

      The "Sandwich Generation" is composed of adults who are ‘sandwiched’ between competing financial responsibilities.

      Unlocking Your Social Security Potential: A Comprehensive Guide

      Nearly every American worker includes Social Security benefits as part of their comprehensive retirement plan.

      Retirement Planning: The Ultimate Endless Summer Adventure

      Here are some tips and tricks to help manage your retirement to have the goal of being carefree and relaxing as a child's summer vacation.

      6 Telltale Signs You're Not Saving Enough for Retirement

      Consider these six telltale signs to help you decide if today is the day you need to change your saving strategy.

      5 Homeowner Estate Planning Tips to Consider

      Estate planning helps disperse your assets according to your wishes.

      A Quick Guide to 529 Plans and College Savings: Dispelling Common Myths and Misconceptions

      529 plans are a tool for those looking to save for college for their children, grandchildren, or any family member.

      Smart Strategies for Staying Ahead in Uncertain Markets

      Over the past few years, the market has appeared to be on a rollercoaster, providing investors with moments of excitement followed by heart-palpitating anxiety.

      Assessing Your Retirement Preparedness in the Modern Age

      Did you know, accor-ding to CNBC, more Americans are expected to turn 65 through 2027 than at any other time in history?

      The Importance of Choosing the Right Life Insurance Policy for Your Retirement Years

      Life insurance has its benefits, and choosing a manageable life insurance policy is a critical step in your retirement planning.

      The Hidden Gems of IRAs: 5 Little-Known Facts You May Not Know

      Look past the surface, examine it closer, and you may be surprised that numerous accounts, including your IRAs, contain hidden gems and little-known facts you didn’t know existed.

      Social Security Isn’t Enough: How Social Security Fits into a Well-Rounded Retirement Plan

      If you're nearing retirement age, you know the Social Security process and how much you will likely receive.

      It’s Not Too Late to Become Financially Literate

      No matter your age, when you understand how to manage your money and finances, you can make sound financial decisions and take the needed steps toward your financial goals.

      Social Security Simplified: Common Questions and Answers

      Whether you are getting close to retirement or even if retirement is still a little way off, here are some common questions and answers regarding Social Security.

      Is a 529 to Roth IRA Rollover Right for You? Here's What You Need to Know

      If you have a 529 education savings plan, it can now be converted to a Roth IRA.

      How High Earners Can Build a Strong Retirement with Their 401(k)

      Approximately 60 million workers contribute to a 401(k)-retirement plan.

      Understanding Tax Filing Options: Which One is Right for You?

      Nowadays, when it comes to filing your taxes, there are numerous options.

      Why Women are More Savvy Investors than Men

      Learn a few of the reasons women are considered more savvy investors.

      A Taxpayer’s Guide to Exemptions, Deductions, and Credits

      When filing your income taxes, each taxpayer is different.

      Caring For Your Family Members While Preparing For Retirement

      Caring for family members may make planning and preparing for retirement a little challenging, so it is essential to consider a few things.

      Retirement Planning: A Map to Changes in 2024

      Navigating these demands an adaptable approach to planning your finances.

      Investing Made Easy: How to Start Small

      Investing is an essential tool for building wealth and independence.

      6 Tips for Reducing Social Security Taxes

      Determining how your income impacts Social Security (SS) taxes is important for tax planning.

      8 Financial Wellness Tips to Help Manage Generational Wealth

      Here are some financial wellness tips to help manage generational wealth transfer more confidently:

      5 Financial Bad Habits to Cut This Year

      Here are five overlooked financial bad habits that could be draining your bank account.

      Key Financial Wellness Metrics for Near-Retirement Individuals

      This article explores eight key financial wellness metrics individuals must monitor as they approach retirement.

      Ringing in the New Year in Your Golden Years

      Whether you are just entering your golden years or are already several years in, setting goals to stay on track and maintain your health, happiness, and finances is essential.

      Financial Resolutions for Individuals Nearing Retirement

      Getting close to retirement is exciting, but it often brings a little worry about your financial future.

      Dos and Don'ts for Investing During the Holidays

      In the world of investing, the "holiday effect," as it is often referred to, is a phenomenon where stock prices see an increase right before a major holiday.

      Spreading Holiday Cheer with Year-End Giving

      The holidays are nearly upon us – a time of giving, goodwill to others, and embracing traditions.

      Year-End Tax Planning Considerations for Capital Gains

      As the end of the year approaches, investors need to focus on tax-related considerations, particularly regarding capital gains.

      Year-End Financial Planning for Families

      Year-end financial planning can help you assess your family’s financial situation, identify areas for improvement, and set achievable goals for the future.

      Qualified Charitable Distributions for RMDs

      Qualified Charitable Distributions (QCDs) are vital for those who must take an annual required minimum distribution (RMD) but seek a tax-advantaged strategy that may help lower their adjusted gross income (AGI).

      How to Give Well and Wisely

      Having a desire to give and a philanthropic mindset are both important qualities to possess in modern society.

      Navigating the 4 Phases of Retirement

      Retirement seems like a long way off, but it arrives faster than you think. The big question is, are you ready?

      Estate Planning and Asset Protection: Are They The Same?

      You may sometimes hear the terms "estate planning" and "asset protection" used interchangeably. They actually have different meanings, and it's important to incorporate both strategies into future financial plans.

      Investing vs. Saving: Key Differences and Why Your Money Mindset Matters

      You often hear people discuss "saving for retirement,” but in many cases, they're actually referring to their investing.

      A Financial Checklist for Life-Changing Events

      When it comes to financial planning, people often think of financial professionals as people who assist with strategies for retirement planning.

      Why Financial Preparedness Is a Smart Investment

      Insights from experienced financial professionals.

      An Essential Guide to Estate Planning Preparedness

      Insights from experienced financial professionals.

      5 Milestones That Mean It's Time for a Life Insurance Review

      Insights from experienced financial professionals.

      A 529 Plan is a Powerful Tool to Save for College

      Insights from experienced financial professionals.

      Retirement Re-education: Back to School Time for Retirement Planning

      Insights from experienced financial professionals.

      What to Know Before You Open Your Next Investment Account

      Insights from experienced financial professionals.

      An Introduction to Estate Planning for the Sandwich Generation

      Insights from experienced financial professionals.

      Insurance Needs in Retirement

      Insights from experienced financial professionals.

      Financial Freedom, Market Volatility, and You

      Insights from experienced financial professionals.

      Financial Independence for the Sandwich Generation

      Insights from experienced financial professionals.

      3 Ways Planning For Retirement is Like Planning For Summer Break

      Insights from experienced financial professionals.

      Retirement Annuities Explained: What They Are and How They Work

      Insights from experienced financial professionals.

      529 Plans and Alternatives: Making an Educated Decision about Education Savings Options

      Insights from experienced financial professionals.

      Are You Retirement Ready?

      Insights from experienced financial professionals.

      529 Plans: The Ins and Outs of Contributions and Withdrawals

      Insights from experienced financial professionals.

      Investing in Your 60s and Beyond

      Insights from experienced financial professionals.

      As Volatility Increases, So Does Retirement Worry

      Tips to combat banking failures, inflation, rate hikes and market corrections.

      Strategies Using Life Insurance

      Insights from experienced financial professionals.

      3 Questions to Ask Yourself Before You Claim Social Security

      Insights from experienced financial professionals.

      5 Handy Tools and Resources for Building Financial Literacy

      Insights from experienced financial professionals.

      Thinking About Working in Retirement? Here's What to Consider

      Insights from experienced financial professionals.

      Spring Has Sprung: Time to Refresh Your Retirement Plan

      Insights from experienced financial professionals.

      Tax Prep Checklist: Everything You Need to Be Ready for Tax Season

      Insights from experienced financial professionals.

      A Beginner’s Guide to Investing

      Insights from experienced financial professionals.

      How to Prepare for Retirement

      Insights from experienced financial professionals.

      Close to Retirement? What to Know About the SECURE Act 2.0

      Insights from experienced financial professionals.

      Show Loved Ones You Care This Valentine's Day With An Updated Estate Plan

      Insights from experienced financial professionals.

      Know What You Are Worth Today to Map Out Your Financial Future

      Insights from experienced financial professionals.

      The Importance of Financial Wellness

      Insights from experienced financial professionals.

      Worried About Your Financial Health? It May Be Time For A Checkup

      Insights from experienced financial professionals.

      A Retirement Countdown Checklist: 5 Steps to Consider Before Retirement

      Insights from experienced financial professionals.

      Long-Term Care: Exploring Your Options

      Insights from experienced financial professionals.

      What to Know About Multigenerational Estate Planning

      Insights from experienced financial professionals.

      401(k) Rollover Options to Consider

      Insights from experienced financial professionals.

      4 Reasons to Consider a Life Insurance Policy

      Insights from experienced financial professionals.

      What Should Millennials Consider Doing With Their Money?

      Insights from experienced financial professionals.

      Five Keys to Investing for Retirement

      Insights from experienced financial professionals.

      6 Retirement Tips for Surviving the Sandwich Generation Squeeze

      Insights from experienced financial professionals.

      3 Moments in Life Where You Should Consider Consulting a Financial Professional

      Insights from experienced financial professionals.

      Estate Planning for Everyone

      Insights from experienced financial professionals.

      Market Volatility and the Importance of Staying the Course at Different Ages

      Insights from experienced financial professionals.

      Four Ways to Improve Your Financial Literacy

      Insights from experienced financial professionals.

      Spring Cleaning Your Investments

      Insights from experienced financial professionals.

      Building a Strong Financial Foundation

      Insights from experienced financial professionals.

      How to Recognize and Protect Yourself Against Tax Identity Theft

      Insights from experienced financial professionals.

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      Broadview Wealth Management, LLC. - 4 Winners Circle - Albany, NY 12205
      Phone: 518-782-0209 | 800-688-1045
      Fax: 518-782-5433

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      Key Financial Terms

      Alpha
      Alpha is a coefficient that measures risk-adjusted performance, factoring in the risk due to the specific security rather than the overall market. A high value for alpha implies that the stock or mutual fund has performed better than would have been expected given its beta (volatility).

      Bond
      A bond is evidence of a debt in which the issuer of the bond promises to pay the bondholders a specified amount of interest and to repay the principal at maturity. Bonds are usually issued in multiples of $1,000.

      Commodity
      A commodity is a physical substance or raw material, which is interchangeable with another product of the same type and which investors buy or sell, usually through future contracts. The price of the commodity is subject to supply and demand.

      Derivatives
      Derivatives are financial products, such as futures contracts, options or mortgage-backed securities. Most of derivatives’ value is based on the value of an underlying security, commodity or other financial instrument.

      Exchange-Traded Fund (ETF)
      An exchange-traded fund (ETF) is a marketable security that tracks a stock index, a commodity, bonds or a basket of assets. ETFs differ from mutual funds because shares trade like common stock on an exchange. The price of an ETF’s- shares will change throughout the day as they are bought and sold.

      Futures Contract
      A futures contract is a standardized, transferable, exchange-traded contract that requires delivery of a commodity, bond, currency, or stock index at a specified price, on a specified future date. Unlike options, futures convey an obligation to buy. The risk to the holder is unlimited and because the payoff pattern is symmetrical, the risk to the seller is unlimited as well.

      Generation-Skipping Trust
      A generation-skipping trust is a type of legally binding trust agreement in which assets are passed down to the grantor’s grandchildren, not the grantor’s children. The grantor’s children skip the opportunity to receive the assets to avoid the estate taxes that would apply if the assets were transferred to them.

      Hedge Fund
      A hedge fund is an alternative investment that uses pooled funds that employ numerous different strategies to earn alpha for their investors. Hedge funds may be aggressively managed or make use of derivatives and leverage in both domestic and international markets with the goal of generating high returns. Hedge funds are generally only accessible to accredited investors as they require less SEC regulations other than funds.

      IRA
      A traditional IRA is a retirement account in which contributions are deductible from earned income in the calculation of federal and state income taxes if the taxpayer meets certain requirements. The earnings accumulate tax deferred until withdrawn, and then the entire withdrawal is taxed as ordinary income. Individuals not eligible to make deductible contributions may make nondeductible contributions, the earnings on which would be tax deferred.

      Joint Tenancy
      Joint tenancy refers to co-ownership of property by two or more people in which the survivor(s) automatically assumes ownership of a decedent’s interest.

      Key Rate
      The key rate is the specific interest rate that determines bank lending rates and the cost of credit for borrowers. The two key interest rates in the United States are the discount rate and the Federal Funds rate.

      Lump-Sum Distribution
      A lump-sum distribution is the disbursement of the entire value of an employer-sponsored retirement plan, pension plan, annuity or similar account to the account owner or beneficiary. Lump-sum distributions may be rolled over into another tax-deferred account.

      Mutual Fund
      A mutual fund is a collection of stocks, bonds, or other securities purchased and managed by an investment company with funds from a group of investors. The return and principal value fluctuate with changes in market conditions. It’s important to consider investment objectives, risks, charges and expenses carefully before investing.

      Net Asset Value
      Net asset value is the per-share value of a mutual fund’s current holdings. It is calculated by dividing the net market value of the fund’s assets by the number of outstanding shares.

      Options
      Options are financial derivatives sold by an option writer to an option buyer. The contract offers the buyer the right, but not the obligation, to buy (call option) or sell (put option) the underlying asset at an agreed-upon price during a certain period of time or on a specific date. The agreed upon price is called the strike price.

      Price/Earnings Ratio
      P/E ratio is the market price of a stock divided by the company’s annual earnings per share. Because the P/E ratio is a widely regarded yardstick for investors, it often appears with stock price quotations.

      Qualified Retirement Plan
      A qualified retirement plan is a pension, profit-sharing plan or qualified savings plan established by an employer for the benefit of its employees. These plans must be established in conformance with IRS rules. Contributions accumulate tax deferred until withdrawn and are deductible to the employer as a current business expense.

      Risk Averse
      Risk averse refers to the assumption that rational investors will choose the security with the least risk if they can maintain the same return. As the level of risk goes up, so does the expected return on the investment.

      Security
      A security is evidence of an investment, either in direct ownership (as with stocks), creditorship (as with bonds), or indirect ownership (as with options).

      Trust
      A trust is a legal entity created by an individual in which one person or institution holds the right to manage property or assets for the benefit of someone else. Types of trusts include: testamentary trust, which is established by a will that takes effect upon death; a living trust, which is created by a person during his or her lifetime; a revocable trust; and an irrevocable trust, which is a trust that may not be modified or terminated by the trustor after its creation.

      Unconventional Cash Flow
      Unconventional cash flow is a series of inward and outward cash flows over time in which there is more than one change in the cash flow direction. This contrasts with a conventional cash flow, where there is only one change in cash flow direction.

      Volatility
      Volatility refers to the range of price swings of a security market over time.

      Withdrawal Penalty
      A withdrawal penalty is a penalty incurred by an individual for early withdrawal from an account locked in for a stated period, as in a time deposit at a financial institution, or for withdrawals subject to penalties by law, such as from an IRA.

      X
      X is the fifth letter of a Nasdaq stock symbol and indicates the listing is a mutual fund.

      Yield
      Yield is the amount of current income provided by an investment. For stocks, the yield is calculated by dividing the total of the annual dividends by the current price. For bonds, the yield is calculated by dividing the annual interest by the current price. The yield is distinguished from the return, which includes price appreciation or depreciation.

      Zero-Cost Strategy
      Zero-cost strategy refers to a trading or business decision that does not entail any expense to execute. A zero-cost strategy costs a business or individual nothing while at the same time improves operations, makes processes more efficient or serves to reduce future expenses. As a practice, a zero-cost strategy may be applied in a number of contexts to improve the performance of an asset.

       

       

      Source: The ABCs of Financial Terminology by LPL Financial