Bedel Blog

Your decision is permanent, so please consult a financial advisor. Every person’s situation and circumstances are different, so understanding your options is important.

For some, this is an easy answer. Maybe it’s a spouse, kids, or parents. For others, it may be extended family members, close friends, or charitable organizations. You’re not limited to just one beneficiary. You can choose multiple people and non-profit organizations to receive portions of your estate.

With additional income comes additional taxation. While some people accept this at face value, in reality, some simple considerations can lead to additional tax deductions associated with renting your second home.

Rather than chasing hot trends or speculative investments, Buffett sticks with companies whose products, economics, and competitive landscapes are clear to him.

Each company’s plan will differ from others. It’s important to talk with a financial advisor to help advise what the best option is, how much to contribute, and what investments you should use.

As with most economic issues, there are many moving parts that will determine the ultimate outcome—what will final tariffs look like? What happens with interest rates? Does the economy go into a recession (as more and more forecasts imply)?

Are your files bulging with important tax documents, monthly statements, and paid bills? Before you become overwhelmed by the urge to pull and dump, review the guidelines regarding how long to maintain your important records.

One of the most notable changes stated that sellers are no longer required to pay the buyer’s agent commission. While this change was meant to benefit sellers and buyers alike by lowering commissions, it doesn’t exactly benefit first-time home buyers.

Setting a goal is the first step in beginning your college funding journey. Figure out how much you want to provide for your child. Some parents aim to provide a set amount for each child, for example, $100,000 in future dollars, while other parents choose to link their goal to an institution, such as four years of in-state tuition at Indiana University-Bloomington.

According to Bloomberg, the average spring break trip now costs more than $8,000. This is about double what you would have paid in 2019. With these increased upfront costs, what if something happens and you can’t go? As you now turn your attention to summer travel plans, it may be worth exploring travel insurance.

Investing in international securities offers an appealing opportunity for investors seeking to diversify their portfolios, reduce risk, and access growth potential that may not be available within the US market.

Unfortunately, when there are modifications to Social Security, the tax code, or Medicare, scammers will find a way to try to take advantage of any confusion surrounding the updates. Be wary of emails with links asking you to click to receive "retirement benefits you are entitled to" or phone calls from people offering, for a fee, to "collect your retroactive payments."