Bedel Blog

Get financial clarity, insight, and analysis delivered straight to your inbox.
Subscribe to our weekly blog.

Image for Widow Sells Her House: Tax Consequences?

Nov 22, 2021

Widow Sells Her House: Tax Consequences?

When Harry met Sally, they bought a wonderful home for $50,000. They loved their home, neighborhood, and the fond memories created there. However, when Harry passed away, Sally decided it was time to move. Now, Sally is left wondering what the tax consequences might be.

Image for Retirement: Your Three Numbers

Oct 25, 2021

Retirement: Your Three Numbers

Retirement is a numbers game. Know your numbers and turn in your retirement notice with confidence. If you don’t feel comfortable running the numbers yourself, hire a financial planner to do the work for you.

Image for The FAQs of a Financial Planner

Aug 30, 2021

The FAQs of a Financial Planner

When it comes to your financial future, trial and error can be expensive. Your best bet is to seek out a financial planner who can answer your questions and help you think about the questions you don’t know to ask.

Image for Who’s In Charge Of Your Household Finances?

Jul 8, 2021

Who’s In Charge Of Your Household Finances?

Creating a thorough inventory of financial items and documents will take some time, but just as businesses have succession plans in the event leaders cannot serve, families must also take a similar approach.

Image for Are You FIRE-d Up?!

Jun 1, 2021

Are You FIRE-d Up?!

Dreaming of retiring in your 30’s or 40’s but not sure that could be your reality? The FIRE movement (Financially Independent Retire Early) is increasing in popularity, but there are definite pros and cons to the movement. Be sure you’ve critically assessed your financial situation, and that your financial plan is structured to provide you the means for early retirement. We have the details…

Image for Help! My Long-term Care Insurance Premiums Could Increase by 503%

May 24, 2021

Help! My Long-term Care Insurance Premiums Could Increase by 503%

Long-term care reduction options can prove costly. Why are premiums increasing? What does each benefit option mean?

Image for Yours, Mine, and Ours: Marriage and Personal Finances

Apr 19, 2021

Yours, Mine, and Ours: Marriage and Personal Finances

There is no right or wrong way to manage personal finances as a couple. There are several budgeting approaches to consider. Be open and honest about your status and hash out a plan together.

Image for Hiring a Financial Advisor: When is it Time?

Mar 22, 2021

Hiring a Financial Advisor: When is it Time?

Only you will know if and when it's the right time to hire a financial professional. There's an advisor out there for everyone, whether you're looking for a one-time financial plan or a long-term, comprehensive relationship.

Image for 2021 Tax Outlook: Proposals & Planning

Nov 30, 2020

2021 Tax Outlook: Proposals & Planning

There is always fluidity with tax proposals. However, it is best to have a plan in place for whatever uncertainty may lie ahead. Review your options with your financial and tax advisors.

Image for Set it and Forget it?  Not With Your Financial Plan

Sep 13, 2020

Set it and Forget it? Not With Your Financial Plan

Do not put your financial plan on the shelf and carry-on as usual. It's essential that you engage a qualified wealth advisor to help develop your financial plan.

Image for What’s Your Biggest Waste of Money?

Oct 21, 2019

What’s Your Biggest Waste of Money?

It’s easy for wasteful spending to go undetected, especially if you’ve developed any of these bad habits. You work hard for your paycheck, so make sure you’re spending it in the right places. We cover some of the easiest places to spend more money than you need to. Read on and then celebrate Financial Planning Month by reviewing your budget for wasted money.

Image for Parents: 4 Tips to Help Your Student Ace Finances

Aug 6, 2019

Parents: 4 Tips to Help Your Student Ace Finances

High school graduations are just around the corner and in the past year you’ve likely spent a lot of time helping your child determine their field of study as well as the right college.

Image for Maximizing Your Pension Payout Options

Jun 3, 2019

Maximizing Your Pension Payout Options

Pensions are quickly becoming a thing of the past, but if you still have one it’s important to understand your payout options once you retire. We explore the pros and cons of both options so you can make an informed decision.

Image for Steer Your Finances into the Winner’s Circle

May 27, 2019

Steer Your Finances into the Winner’s Circle

Simon Pagenaud might have taken this year’s checkered flag at the Indy 500, but you can still take the flag for your finances. With the support of a team and flexibility for those unplanned things that can throw a monkey wrench in your plans, you could find yourself steering your finances into the winner’s circle!

Image for Financial Impact of Chronic Illness

May 20, 2019

Financial Impact of Chronic Illness

Heart disease, cancer, arthritis, and diabetes are all examples of chronic illnesses. One out of every two Americans has some type of a chronic condition. While this can be a physical and mental challenge, it can also have a financial impact.

Image for Training for the Mini & Financial Planning

May 3, 2019

Training for the Mini & Financial Planning

It might not seem like training for the Mini-Marathon and planning for your financial future have anything in common. But they have more similarities than you might think. Both require a detailed plan and input from experts that can help you get a leg up on the competition.

Image for 8 (Financial) Tips for Sleeping Through a Storm

Apr 29, 2019

8 (Financial) Tips for Sleeping Through a Storm

For some, the 4th quarter of 2018 might have seemed like a tough storm to weather when it came to the stock market. It can be difficult to batten down the hatches and ride out a financial storm, but with proper planning you can help to ensure your financial home withstands any bad weather that might come its way. We have eight tips to help you survive a financial storm.

Image for Valentine’s Day: Give the Gift of Financial Security

Feb 11, 2019

Valentine’s Day: Give the Gift of Financial Security

This Valentine’s Day, switch it up and give the gift of financial security. Read our tips for the best Valentine’s Day gift.

Image for Put Your Finances on Autopilot

Dec 31, 2018

Put Your Finances on Autopilot

There are a plethora of tools that can help you streamline your finances – from automatic transfers to bill paying services to auto escalation for retirement accounts. Taking advantage of this technology can go a long way in helping you meet the financial goals you’ve defined, setting you up for continued success in the future.

Image for Lifelong Gifts from My Financial Role Model

Dec 19, 2018

Lifelong Gifts from My Financial Role Model

Who’s your financial role model? It makes sense to turn to experts for advice and guidance when it comes to things like investments, retirement planning, and tax strategies. But what many might not realize is that each of us has someone who shaped our financial literacy and perception of money at an earlier stage in life – be it good or bad. Kate shares three money lessons she learned from her financial role model – her Dad – and demonstrates the importance of playing that role in a child’s life, shaping their future perception of how to handle financial decisions.

Image for Reflections from 18,885 Feet

Nov 14, 2018

Reflections from 18,885 Feet

Investment lessons learned during a trek up Mount Kilimanjaro?? It might sound crazy, but…Follow along as Bill discusses the lessons he learned during his climb up Mount Kilimanjaro and discover how they likely apply to your investment portfolio.

Image for What’s Your Retirement Vision?

Nov 3, 2018

What’s Your Retirement Vision?

Do you have a vision for how you will spend your retirement? If you have a spouse or significant other, does it match theirs?

Image for Can you Afford to Play the Odds?

Sep 11, 2018

Can you Afford to Play the Odds?

If you are 65 years old, you have a 70% chance of needing long-term care. Can you afford $90,000 per year? If not, you may want to include LTC insurance in your financial plan. Or, you can take the chance of being in the lucky 30%!

Image for Need a Car:  Should You Lease or Buy?

May 17, 2018

Need a Car: Should You Lease or Buy?

Buying a car and keeping it for seven to ten years or longer will generally provide a better financial result than leasing. However, if your personal preference is to lease, then be a smart consumer.

Image for Emergency Funds: For When the Unexpected Happens

Feb 6, 2018

Emergency Funds: For When the Unexpected Happens

It’s winter in Indiana! Hit a pothole hard enough and you might end up with a pricey bill for the repair. Or, what if your furnace dies when ...

Image for Annual Checkup Equals a Healthy Portfolio

Jul 24, 2017

Annual Checkup Equals a Healthy Portfolio

Everyone knows an annual physical is recommended for most adults. Seeing your doctor on a regular basis helps identify potential health problems before they become serious. Your investment portfolio needs an annual checkup too!

Image for Financial Planning For the Generations

Nov 15, 2016

Financial Planning For the Generations

There are multiple reasons to do your financial planning with your children and grandchildren in mind. Maximizing the transfer amount by minimizing taxes is the first reason that generally comes to ...

Image for Are You Confident in Your Future?

Oct 10, 2016

Are You Confident in Your Future?

Everyone wants a great future! Then why don’t people plan? Many do nothing and leave their future well-being purely to chance.

Image for Who Should You Trust?

Jul 18, 2016

Who Should You Trust?

According to the Bureau of Labor Statistics, over 250,000 professionals call themselves financial planners or advisors. When looking for advice, how do you determine who is qualified to provide you the personalized plan that can achieve financial independence?

Image for Wedding Costs!  Really?

Jun 12, 2016

Wedding Costs! Really?

If you are over age 60, you probably spent a few thousand dollars or less for your wedding, including all the trimmings.

Image for Design Your Portfolio to Fit You

May 23, 2016

Design Your Portfolio to Fit You

Your investment portfolio must reflect what your money needs to do for you. If it doesn’t, you may be taking too much risk with your investments or, on the other hand, you may be missing out on important growth.

AUTHORS