Hello, and welcome to the DFG Blog! We hope you enjoy the weekly posts and find them informative, thought-provoking, and interactive.
Do you have questions about retirement, investing, life insurance, social security, tax planning, estate planning, 401(k)s, college funding (529), and do you understand investment planning and what the role of a wealth advisor is? We hope the blogs we post will answer your questions and create more thought-provoking questions you would like the wealth advisors at Dixon Financial Group to answer.
If you like what you read, share our posts with family, friends, and co-workers. Please use the website as another tool to work towards building your financial wealth and knowledge.
Do you have a Financial Professional? | Choosing the right one!
Why do you need a financial advisor? Today’s financial landscape is as complicated as ever. A good financial advisor can help you navigate this complexity so that you can make educated, informed decisions on what is best for you...Read More
SECURE Act 2.0 | An Overview
SECURE Act 2.0 may be less exciting of topics, but keeping you informed is part of our job. Some changes may apply to you now or later, so schedule a 2023 review of your accounts to ensure everything is in order. We are in this...Read More
TAX SEASON | ROTH-O-MANIA
Yes, Roths are the theme lately. The SECURE ACT 2.0 has brought even more attention to Roths; funding a Roth(s) has many advantages, and we want you to know them all. Again, Ed Slott and Company, LLC has provided more valuable...Read More
Tracking # 1-05363676
Financial markets were shaken last week as Silicon Valley Bank (SVB), the California bank subsidiary of SVB Financial Group (SIVB), fell into FDIC receivership. SVB is the first FDIC-insured institution to fail since 2020 and the...Read More
TAX SEASON | What is a Recharacterization?
What is a recharacterization? In the simplest of terms, a recharacterization is an “undo.” It treats an IRA contribution as if it were made as a Roth contribution and vice versa.Read More
Girls Just Want To Have "Fund$"
Women need a financial advisor as much as the next person, so don't let doubts stop you. DFG will work alongside you to develop and execute a plan. SS, divorce, investing, and retirement are all topics we can address; are you ready?Read More
TAX SEASON | Roth IRA Contribution
Tax season is upon us. At tax time, you might be considering contributing to a retirement account. If you follow the rules, you may be interested in the Roth IRA, which can promise tax-free withdrawals in retirement.Read More
TAX SEASON | What Do Your Taxes Pay For?
What Do Your Taxes Pay For?Taxes are one of the biggest budget items for most taxpayers, yet many have no idea what they’re getting for their money.The average household spends more on taxes than groceries, clothing, or...Read More
TAX SEASON | How Well Do You Know Your Tax Professional?
The three-legged stool analogy also applies to the trio of financial professionals that can help you plan for retirement. They are a financial planner, an estate planning attorney, and a tax professional. How much do you know about...Read More
TAX SEASON | How Income Taxes Work
What do gears have in common with taxes; I will explain. A pile of gears will not do you any good; when you connect them, they start working together.Read More
What is the Fifth Season of the Year? | TAX SEASON!
Here are a few Tax Season tips you can take advantage of if you are a current DFG client with an LPL account/s.Read More
Do You Have The Key? | What is a Financial Planner?
Comprehensive Financial Planning is simply a better approach to getting trusted financial advice. Once you retire, you need an income flow; proper planning is the 🔑 to unlocking the 🚪to your retirement goals.Read More
Congress Has Spoken | Secures Act 2.0
Congress has spoken; read about what you need to know about the recent Secure Act 2.0 Required Minimum Distributions (RMD) and Qualified Charitable Distributions (QCD) updates.Read More
2023 To-Dos | To Keep You On The Right Path!
2022 was a year of ups and downs, especially for the markets. As we have entered 2023, you should consider several financial to-dos. With inflation running high in 2022, you likely spent more than expected on restaurants, groceries...Read More
Big News! | Big Increase!
The IRS has announced the retirement contribution limits for 2023. Because many of these limits are tied to inflation, it shouldn’t come as a surprise that some of the limits had a big jump.Read More
2023 | HAPPY NEW YEAR!
2023 is here. For many, the new year is a time of self-reflection and goal-setting. A new year is all about possibilities.Read More
When the Celebration Ends | The Resolutions Begin
A new year is around the corner. It is hard to believe that 2020 has come and gone, as well as 2021 and now 2022. Where did the time go? Many are happy to have these past couple of years behind them. What is your New Year's Resolutions?Read More
Tis The Season | May it be Merry and Bright
The staff and I would like to wish you and your loved ones a very Merry Christmas! May the tangible and intangible gifts of the season warm your heart, and may your family and friends make the celebration exceptionally warm and bright.Read More
Volatile Market | Keep Your Cool
The Markets have tested our patience, tolerance, values, AND blood pressure this year. What can we do to "stay cool" during these unsettling times? Reading this article may make more sense, let's say, than jumping into an icy river or...Read More
It's December! | How Did You Do This Year?
One of the best ways to evaluate progress toward pursuing your financial goals is with an annual review. Late December and the beginning of the new year are ideal times to conduct this appraisal. It shouldn’t be a time for regrets and...Read More
Do Not Enter - Wrong Way! | No Regrets!
No one wants to look back and realize they regret doing something or not doing something. Have you ever made a wrong turn and encountered a large sign proclaiming "WRONG WAY - DO NOT ENTER?" I bet you instantly regretted making that turn.Read More
Inflation | What You Need To Know
Inflation affects our daily lives negatively, high fuel prices being one of them. This article will answer questions and help put the current situation, inflation, in perspective.Read More
Thanksgiving | What Does it Mean To You?
What Does Thanksgiving Mean To Me? Thanksgiving! What a word! I like that word. It means giving thanks for one's blessings, and I also like the word blessing; you can't conclude that there is anything negative about the word blessing....Read More
The Power of Compounding | $1,000,000 or a Magic Penny?
As a young investor, you have a powerful ally on your side: TIME. When you start investing in your twenties or thirties for retirement, you can put it to work for you. The power of compounding. Many people underestimate it, so it is worthRead More
Roth 401(k) vs. Traditional 401(k) | Which one will get you to the Finish Line?
Nowadays, it could seem like you are racing to an imaginary finish line called "Retirement." During this race, you gather momentum by setting up retirement funds, like a 401(k), savings, investing in stocks, bonds, CDs, annuities, etc.Read More
Midterm Elections | A + or - for Investors?
What does history teach us about the effect Midterm Elections have on the stock market?Regardless of our political affiliation, we, as investors, are looking ahead to the coming midterm election and what impact the results might have...Read More
Make a List and Check it Twice | Holiday Conversations
The holidays are here; Halloween just passed, Thanksgiving is around the corner, and Christmas is hot on our heels. We are all busy, and this time of year tends to take busy to a whole new level. For Halloween, there was candy to buy...Read More
Did You Reap a Refund? | Fund an IRA!
It's Tax season, and you hope for a good harvest...refund. Once you have that refund in the barn, what will you do with it? Here is an idea, fund an IRA.Read More
Determining Tax on Roth IRA Distributions in 5 Easy Steps...
Fall is here, and this is a great time to take stock of your investment strategy(s) and to gather information to prepare you for the year's end. It is time to harvest as much information as you can before the upcoming tax season.Read More
Find Your Perfect Pumpkin | Tax-Loss Harvesting
It is hard to believe that Fall and the pumpkin harvest have begun. The next thing you know, it will be tax season, and a different harvest will begin. As we approach the end of 2022, you will want to review your investment account(s...Read More
Secure Act: Regulations are Here...
What are the rules for beneficiaries of IRA accounts? They can be complicated and confusing. The SECURE Act, officially enacted on Jan. 1, 2020, is the most significant retirement reform to impact the economy.Read More
Navigating Qualified Charitable Distributions in 5 Easy Steps...
It is better to give than receive, but in this case, you get both. With a QCD, you are able to give and receive a tax break.Read More
Fixing a Missed RMD in 5 Easy Steps...
Are you or a family member 72 or older and subject to required minimum distributions from a retirement account? What will happen if you fail to withdraw the required minimum?Read More
Calculating Your RMD in 5 Easy Steps...
At 72, the IRS requires you to begin withdrawing money from your retirement accounts. These withdrawals are called required minimum distributions or RMDs.Read More
The 'How(s)', 'What(s)' & 'Why(s)' of RMDs & QCDs!
The topic of RMDs, Required Minimum Distributions, and QCDs, Qualified Charitable Distribution, are not ones that will get most people to stop what they are doing to tune in. Investors may think they have plenty of time, years maybe beforeRead More
What Can History Tell Us?
Stocks have compounded a desirable 9.5% annual growth rate since 1900. Though you cannot directly invest in the Dow or the S&P 500, the annual rate of return of 9.5% helps to focus your attention on the long-term.Read More
We got a 'Facelift'!
Dixon Financial Group, LLC is so excited to announce the relaunch of our website https://www.dixonfinancialgrp.com/. The DFG team has worked tirelessly to make this happen over the last several months.Read More
Don't Get Caught Standing on the Sidelines!
In today's market, everywhere we turn, being bombarded with negative news, either through social media, new outlets, coworkers, or friends, is inevitable. Your first reaction may be to sell off your investments to weather this storm.Read More
The Impact of Dividends on Your Investments
"A dividend is the distribution of a company's earnings to its shareholders and is determined by the company's board of directors. Dividends are often distributed quarterly and may be paid out as cash or in the form of reinvestment in...Read More
Don't Let Your Emotions Guide Your Investment Strategy
If we could all have it our way, every time we bought an investment, it would be at the lowest price, and when we finally sell, it would be at the highest price.Read More
Avoiding Non-Spouse Beneficiary Mistakes in 5 Easy Steps
How can I avoid making costly mistakes when I inherit an IRA from a person who was not my spouse? Inheriting an IRA can be a financial windfall, but it’s important to understand the complex, specific rules that apply to non-spouse...Read More
Avoiding Charitable IRA Beneficiary Mistakes in 5 Easy Steps
Can IRAs be used to benefit a charity? IRAs can be a great source of funds to provide a benefit for a favorite charity but using these funds can create several traps that must be avoided...Read More
Planning For Multiple Beneficiaries in 5 Easy Steps
When do multiple beneficiaries exist? Multiple beneficiaries exist when an individual names more than one beneficiary for their IRA.Read More
Avoiding Spousal Beneficiary Mistakes...
Who is a spouse beneficiary? A spouse beneficiary must be married to the account owner at the time of the account owner’s death, and he or she must be named on the beneficiary form (or inherit directly through the document default provisionRead More
The Pension Pickle
I read this story years ago and wanted to share it. It is called The Pension Pickle*.Read More
Americans Lose Trillions in Social Security
No one likes losing income, but Americans lose Trillions by not claiming their Social Security at the optimal time.Read More
When to Apply for Social Security Benefits
When is the ideal time to claim Social Security benefits? Do you have the whole picture?Read More
3 Ways to Raise Your Social Security Benefits
Is it possible to raise your future Social Security benefits?Read More
And the Tie Goes to...
Who will you be celebrating this Father's Day: a dad, stepdad, mentor, older brother, grandfather, a single mom? The list goes on. Who will you be giving that special tie to this year?Read More
Will Working Longer Help - Or Hinder - Your Social Security Benefits?
Will working longer increase your eventual Social Security payout? The answer is, It Depends!Read More
Why Open a my Social Security Account?
Keeping your social security number off of the internet is a smart thing to do in a world full of cyber security fraud. But there is a case in which you will need to use your social security number to create an on-line account.Read More
Test Your Knowledge!
Most people do not realize that their current/future Social Security benefits are part of financial planning. Having knowledge in this area is critical for formulating a strategy that will guarantee success after retirement. We can help!Read More
EXTRA! EXTRA! Read All About It!
The invite-only workshop was attended by members of Ed Slott’s Master Elite IRA Advisor GroupSM; it provided in-depth technical training on advanced retirement account planning strategies, tax law changes and estate planning techniques.Read More
“Rule of 55”
The “Rule of 55” can be great when utilized correctly. To avoid some of these common mistakes working with a financial professional before you retire is important. Most, if not all, of these mistakes can be avoided with a little education.Read More
April Showers Bring May Flowers
With so many things going on in the world, I think it is safe to assume that you all have questions. Today's Newsletter may address some of these questions, so I wanted to give you a sample below and encourage you to go to our...Read More
Happy Mother's Day!!
It's a New Year...New Day...New Blog!