BCSWM’s The Benchmark

How Long Should You Keep Your Tax Records? Avoiding Costly Mistakes

Wondering if it’s finally safe to toss that old tax return or stack of receipts? In this episode, we’re breaking down exactly how long you should keep different types of tax records, from basic returns and W-2s to documents related to property, investments, and unreported income.
 
We’ll walk you through the official IRS guidelines and explain why it sometimes pays to hold on to records even longer. Whether you’re a freelancer, homeowner, or small business owner, this episode will help you stay organized and avoid costly surprises down the road.

Redefining Wealth | A Personal Journey Through the 5 Types of Wealth

What if wealth isn't just about money? In this powerful episode of The Benchmark, Nick Clay sits down with a special guest you should recognize, Philip Bachman, and they explore book, “The 5 Types of Wealth”, holistic framework by author Sahil Bloom that challenges how we define wealth.
Through a personal conversation, we discuss:
The surprising truths about financial freedom
How caregiving, grief, and resilience reshape your view of what really matters
Why relationships, time, health, and peace of mind may be more valuable than your net worth
Systems for success you can apply to every area of your life
Whether you’re a business owner, a working parent, or nearing retirement, this episode will inspire you to think more holistically about your financial journey and your personal legacy.

How Do You Turn Retirement Savings Into Income?

Making the shift from saving to spending in retirement can feel overwhelming—but it doesn't have to be. In this episode of The Benchmark, Scott Linn and Nick Clay break down how to convert your nest egg into steady, tax-efficient income.
 
Tune in to learn about:
Smart Social Security claiming strategies
How to structure withdrawals across taxable, pre-tax, and Roth accounts
Managing market volatility and portfolio allocation in retirement
RMDs, inherited IRAs, and qualified charitable distributions
When Roth conversions make sense
 
Whether you're nearing retirement or already there, this episode will help you build a strategy for lasting financial confidence.

Is a Trust Right For You? Let's Talk About It

You might be wondering, “Do I need a trust?” When it comes to estate planning this is one of the most asked questions we get. In our latest episode of The Benchmark, Nick Clay and Scott Linn unpack this important question and walk through who really benefits from having a trust—and why it’s not just for the wealthy.
Whether you’re trying to avoid probate, protect your children, or simplify things for your loved ones, this brief conversation will help you decide what’s right for your family.

How to Go on Offense During Market Volatility

Equity markets inherently experience periods of growth and decline. During downturns, investors often feel a strong urge to take action. In this segment, John Brandon and Scott Linn examine proactive strategies that can be employed in challenging market environments. At times, however, the most prudent course may simply be to hold steady and refrain from making changes.

10 Ideas about Investing in Turbulent Markets

The market can be intimidating, but a little knowledge and perspective go a long way! In our latest podcast episode, we share 10 key ideas to help you navigate today’s market with confidence. Here’s a sneak peek:
1️⃣ Volatility is Normal – Market corrections happen, but recoveries are quick.2️⃣ Diversification Works – Bonds are back to balancing portfolios in 2025.3️⃣ Policy Uncertainty? Don’t Panic – Markets adapt regardless of political changes.4️⃣ Inflation: Manageable – Know the difference between headline and core inflation.5️⃣ Economic Growth is Strong – Consumer spending keeps the economy moving forward.6️⃣ Cash Isn’t Safe – Staying invested beats losing purchasing power in cash.7️⃣ Don’t Worry About the Deficit – High deficits don’t always mean poor market performance.8️⃣ Leadership Rotates – Stay broadly invested across sectors.9️⃣ Market Timing Doesn’t Work – Missing the best days can hurt long-term returns.🔟 Perspective is Key – Focus on your goals and stay disciplined.
🎧 Tune in for more insights to keep your investments on track!
🔗 Listen Now!

Financial Planning for High Earners

In this episode of The Benchmark by BCS Wealth Management, Myra O’Dell is joined by advisors Andrew Farmer and Nathan Goodwin to explore why high earners often feel financially stuck. Learn how to avoid lifestyle creep, implement smart tax strategies, and build long-term wealth through intentional investing and protection planning.

10 Things You Can Do to Help Simplify Your Estate for Your Heirs

In this episode of The Benchmark, Nick sits down with Nathan and Myra to provide 10 practical steps you can take today to simplify your estate for your heirs.
Estate planning isn’t just about having a will—it’s about creating a clear, thoughtful plan that makes things easier for your loved ones when it matters most. From organizing key documents and updating beneficiaries to considering trusts and managing taxes, we cover the essential strategies that can save time, money, and stress for your family.
Whether you’re starting your estate plan from scratch or reviewing an existing one, this conversation will give you actionable insights and ideas to help ensure your wishes are carried out smoothly.
✅ Topics We Cover:
The importance of organizing key documents
Why updating beneficiary designations matters
How consolidating accounts simplifies the process
The role of trusts in protecting your legacy
Managing family dynamics and potential conflicts
Estate tax strategies to keep in mind for 2025 and beyond
📌 If you’re ready to align your estate and financial plans, the team at BCS Wealth Management is here to help.