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The Importance of Understanding Inflation

You might have heard the saying, “A dollar today is worth more than a dollar in the future.” This is a popular quote regarding the time value of money. It illustrates the idea that a dollar in the future will not be able to buy the same value of goods and services as it does …

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B&C Financial Advisors Annuity Series – Part 2: Pros & Cons

In the first part of our series on annuities, we defined some common terms associated with these often-complicated insurance products. Now that we are a bit more familiar with the terminology, in this post we will highlight some of the pros and cons of annuities. (It is important to note, as we continue through this …

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A Word from the Investment Department: Coronavirus Considerations

Back in March, when COVID-19 was causing a quick and severe correction in the stock market, we wrote a post outlining some of the advice we were giving our clients at that time. This advice included ideas such as not panicking, remembering long-term goals, and being proactive rather than reactive. These ideas coincide with how …

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B&C Financial Advisors Annuity Series – Part 1: What is an Annuity?

Those who watch daytime television may be all too familiar with scenes of people leaning their heads outside their windows, shaking their fists at the sky, and shouting the phrase, “It’s my money, and I need it now!” Others may be familiar with the more recently portrayed scene of everyday citizens breaking out into an …

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IRS Issues Further Guidance on 2020 Required Minimum Distributions (RMDs)

As we discussed a few months ago, the federal government passed the Coronavirus Aid, Relief, and Economic Security (CARES) Act on March 27, 2020, in response to the global pandemic that continues to afflict our economy. One way the CARES Act provided relief for individuals was by waiving the annual obligation to distribute a portion …

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