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      • Blog

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      Financial Planning

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      • Financial Planning
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      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.

      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.

      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.

      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

      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.

      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.

      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.

      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.

      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.

      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.

      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.

      Retirement Planning: A Map to Changes in 2024

      Navigating these demands an adaptable approach to planning your finances.

      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.

      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.

      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.

      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.

      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.

      An Introduction to Estate Planning for the Sandwich Generation

      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.

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

      Insights from experienced financial professionals.

      Strategies Using Life Insurance

      Insights from experienced financial professionals.

      5 Handy Tools and Resources for Building Financial Literacy

      Insights from experienced financial professionals.

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

      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.

      What to Know About Multigenerational Estate Planning

      Insights from experienced financial professionals.

      4 Reasons to Consider a Life Insurance Policy

      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.

      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