Blog
Is It Time to Refinance?
Submitted by BCR Wealth Strategies on July 20th, 2020You may have heard that mortgages are once again attractive to refinance. Over the last three months, these rates have managed to achieve five all-time lows. Just the other day, Freddie Mac, which buys mortgages from banks, reported an average 3.03% rate on 30-year fixed-rate mortgages, and there is a chance that we could see rates below 3% without points between now and the end of August.
Pursuing the Modern American Dream
Submitted by BCR Wealth Strategies on July 13th, 2020Successful People Traits
Submitted by BCR Wealth Strategies on July 6th, 2020
The topic of achieving success comes up a lot in discussion with our clients but even more so with the millennials. As we talk about their desires for the future, they share career aspirations and discuss what kind of jobs they would like to have and whether they are on a path that will get them there.
What Happens When You Can't Stretch Anymore
Submitted by BCR Wealth Strategies on June 30th, 2020
The SECURE Act has taken away the ability to stretch an inherited IRA out over someone’s lifetime. What happens when you lose your flexibility?
In the case of inheriting a Traditional IRA, you are required to concentrate your tax liability. The new law requires you to distribute all assets from the inherited account within 10 years.