Elaine Bedel appointed as President of the Indiana Economic Development Corporation | Wealth Management and Retirement Planning | Bedel Financial Consulting, Inc. Indianapolis

Elaine Bedel appointed as President of the IEDC

Bedel Financial

Elaine Bedel appointed as President of the IEDC

Monday, January 9, 2017

Elaine Bedel, Eric Holcomb, Suzanne CrouchWe are pleased to announce that Elaine Bedel, owner of Bedel Financial Consulting, Inc., has been named president of the Indiana Economic Development Corporation (IEDC) by Governor Eric Holcomb.(Read the Press Release) 

"Elaine's bold leadership and extensive experience as the owner of her own financial consulting company will be great assets to promote Indiana's positive business climate and jobs magnet reputation," said Governor Holcomb.

Elaine will replace Jim Schellinger, who will serve as Indiana’s Secretary of Commerce. "I look forward to working with Elaine to ensure that Indiana remains a state that works, supporting the growth of Hoosier businesses and attracting new companies to Indiana," said Schellinger. "Elaine's firsthand experience as a business owner and her considerable leadership in the private sector will make her a tremendous asset to the IEDC and to businesses across Indiana, strengthening the state's economic momentum and propelling Indiana to the next level."

Elaine released a statement to BFC’s clients to announce her new position with the IEDC and to clarify her continuing role with Bedel Financial.  

Identifying “Outside the Box” Strategies

Identifying “Outside the Box” Strategies

While establishing an appropriate investment strategy with new clients, we take the time to consider every option, while ensuring the chosen plan does not have any negative unforeseen surprises. For example, if a client has several long-held stocks in their portfolio with very low cost basis, our first concern is the possible high tax consequence should they want to sell these holdings.  By taking the time to think “outside the box”, we may be able to accomplish another goal of the clients, such as gifting to family and charitable causes close the client.  By choosing to gift the zero-basis appreciated stock instead of cash to children or charities, the client is able to avoid having to pay long-term capital gains tax and the children and/or charity can benefit from this generosity, a win-win all around!

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