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Barfield Wealth Management

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Barfield Wealth Management

We combine a personalized "small town" approach with fully comprehensive financial planning to realize your goals. For illustrative purposes only.

Our Mission at Barfield Wealth Management is to help you create a clearly defined vision of your financial goals and guide you along a path that leads you to success. Eight Wealth Management Issues

Whether your wealth is valued at $100,000 or $10,000,000 it is important that you actively address the issues that managing wealth presents. In order to prepare a secure financial future for you and yo

ur loved ones, 8 key wealth management issues must be properly addressed. Each issue is interrelated and works as a balancing scale; an adjustment to one, directly affects all of the others. Without properly addressing these issues, you may find your finances out of balance. Are these 8 Wealth Management Issues being handled within your current financial plan? Investment Management
Cash Flow & Debt Management
Family Risk Management
Retirement Planning
Education Planning
Legacy Planning
Business Planning
Special Situations Planning

Investment advisory services offered through Barfield Wealth Management, a DBA of Accelerate Investment Advisors LLC (“Accelerate”) and Advisor Resource Council (“ARC”), federally registered investment advisors. Barfield Wealth Management is a separate entity from Accelerate and ARC. Advisory services are only offered to clients or prospective clients where Accelerate, ARC and its representatives are properly licensed or exempt from licensure. Financial advisory services offered by Advisor Resource Council (ARC), dba Barfield Wealth Management. ARC only conducts business in which it is properly registered or exempt from registration. Content on this page is educational in nature only and is not intended to provide specific advice or recommendations for any individual. Investing involves risks including possible loss of principal. Past performance does not indicate future results. All information is believed to be from reliable sources; however, ARC makes no representation as to its completeness or accuracy. Always consult with a tax professional or estate planning attorney before implementing any tax or estate planning strategies referenced. Additional information, about ARC can be found in ARC’s Form ADV Part 2, which is available upon request or on the SEC’s public website at https://adviserinfo.sec.gov. Not a guarantee of future results.

05/27/2026

If you've inherited an IRA recently, the rules may not be what you remember hearing.

The SECURE Act in 2019 eliminated what used to be called the stretch IRA for most people who aren't a surviving spouse. SECURE 2.0 added more updates on top of that. The result is a set of rules that could catch beneficiaries off guard, especially around timing.

For most non-spouse beneficiaries today, the account generally needs to be fully distributed within 10 years of the original owner's death. What trips people up may not always be as simple as waiting until year 10 and taking everything at once. If the original owner had already started taking required minimum distributions, annual distributions during that 10-year window may also be required.

Getting this wrong could mean penalties. And the income tax timing of those distributions could impact the rest of your financial picture in meaningful ways.

If you've inherited an IRA or expect to, consider talking through the current rules with both your advisor and your tax professional.

*Always consult with your tax professional before implementing any new tax strategy.

05/20/2026

The Center for Retirement Research at Boston College recently reported something interesting that is happening with workers in their 50s and 60s.

According to the report, older workers are changing jobs at higher rates than in previous decades.

✅Some are chasing better pay.
✅Some are moving toward more flexible arrangements as they approach retirement.
✅Others are making intentional pivots into encore careers.

On the surface, that may sound straightforward. But a late-career job change could affect your retirement picture in ways you may not have considered.

Pension benefits at some employers are tied to years of service, and leaving before a vesting milestone can affect what you receive. A new employer's 401(k) plan may have a waiting period before you can contribute or receive a match.

And if you are 55 or older when you leave a job, the Rule of 55 may allow you to access funds held in that employer's plan before age 59 and a half without the usual 10% early withdrawal penalty.

None of this means a job change is the wrong move, but do you know how it will impact your retirement plan savings plans or what your options are?

If you are considering a career transition in the next few years, we can discuss how the timing could impact your plans.

Source:https://loom.ly/vDs_3B4

05/13/2026

A finance professor at Arizona State University spent years studying every U.S. stock traded since 1926.

What he found was interesting.

Over long periods of time, most of the market’s gains have come from a relatively small number of companies.

That doesn’t mean the market hasn’t created significant wealth; it absolutely has.

But it does highlight something important about concentration risk.

That's not a reason to avoid the market. The market as a whole has demonstrated tremendous growth.

It's a reason to think carefully about concentration.

A portfolio built heavily around one stock, one sector, or one employer's shares carries a different kind of risk than a diversified one.

Not because any single company is necessarily a bad investment, but because picking the long-term winners consistently is impossible.

If a meaningful portion of your portfolio is tied to one name, that could be worth reviewing.

We would be happy to review this with you.

Source: https://loom.ly/TZ6pcyI

05/06/2026

AI is creating a lot of discussion right now, including those planning for retirement.

In 1830, historian Thomas Macaulay asked a simple but powerful question. If everything behind us shows improvement, why do we assume everything ahead will get worse?

People have asked some version of that question through every major technological shift since.

✅Railroads
✅The Industrial Revolution
✅Computers
✅The internet

Each one brought disruption and genuine uncertainty. Jobs changed. Some disappeared.

But opportunity expanded over time, not contracted.

AI is the current version of that same pattern. The fear is real, and the uncertainty is legitimate.

Nobody knows exactly how this plays out, including the people building it.

What history does suggest is that disruption and decline aren't the same thing.

And for investors, one risk to consider may be letting short-term headlines reshape long-term decisions.

If AI has you thinking differently about your financial future, that conversation is worth having.

Source: https://loom.ly/Kp8yLMo

04/29/2026

Tax season wraps up in April for most people, which makes this a natural time to take a step back and look at the bigger picture.

Once you've filed, you have a clear snapshot of last year's income, contributions, and tax situation. That information can be useful for retirement planning.

A few things worth revisiting this time of year:

Did your income change in 2025 in a way that affects your savings rate or tax strategy going forward?

Are your contribution elections still set where you want them, or did you mean to increase them at the start of the year and forget?

Did anything change in your personal situation, a job change, a move, a family change, that might affect your retirement timeline or beneficiary designations?

Retirement planning isn't a one-time event. Regular reviews can be helpful for staying current with your changing circumstances, and the period right after tax season can give you real numbers to work with rather than estimates.

If it's been a while since you looked at the full picture, spring might be a good time to schedule that conversation.

04/22/2026

If you have more than one traditional IRA, the IRS doesn't always look at them separately.

The IRA aggregation rule requires the IRS to treat all of your traditional IRAs as a single account for certain calculations, even if they're held at different financial institutions.

This can be a factor in these two specific situations.

The first is Roth conversions. When calculating how much of a conversion is taxable under the pro-rata rule, the IRS combines the balances of all your traditional IRAs, not just the one you're converting from. Where the money is held doesn't change the calculation.

The second is Required Minimum Distributions. While you calculate RMDs separately for each IRA, you can take the total from any one account or a combination. The aggregation rule gives you flexibility here, but you still need to calculate each account individually first.

Where this may catch some people off guard is when they have old IRAs from previous employers sitting at different institutions. Those balances count too, even if you've forgotten about them.

If you're planning conversions or approaching RMD age, it may be worth taking stock of every traditional IRA you have before running the numbers.

*Always consult with your tax professional regarding your specific situation.

04/15/2026

A common thing we hear from people coming in for a first conversation is some version of: "I wish I had done this sooner."

Waiting to start financial planning could limit your options.

Roth conversions can be more effective when done over several years at lower tax rates. Long-term care insurance premiums may be lower when you're younger and in better health. Compound growth can be more effective with time.

There could be a meaningful difference between starting a plan at 55 versus 65, even if the account balances look similar on paper. Starting earlier could open up more planning options before some of them become harder to access.

Starting now, wherever "now" is, could still be beneficial compared to waiting longer.

If you've been putting off a conversation about your financial plan, this might be a good time to have it.

04/08/2026

What if you didn't have to worry about picking the perfect time to invest?

Dollar-cost averaging is a straightforward concept. Instead of investing a lump sum all at once, you invest a fixed amount on a regular schedule, regardless of what the market is doing.

When prices are higher, your fixed amount buys fewer shares. When prices are lower, it buys more. Over time, this approach could result in a lower average cost per share than if you tried to time the market.*

For most people contributing to a 401(k) with each paycheck, this is already happening automatically.

The behavioral benefit may matter just as much as the financial one. A consistent schedule may help reduce emotional decision-making. You're not waiting for the "right" moment, because you're always investing.
It's not a strategy that eliminates risk or guarantees a specific outcome, but it's one that some investors may find easier to stick with over the long term. Have questions about how your current contributions are working? Let's talk.

*While dollar-cost averaging can generally be beneficial when it comes to cost per share, it could potentially lead to lower overall returns compared to lump sum investing during the right market conditions and incur higher transaction costs for the additional trades in commission-based accounts.

03/25/2026

Some people may be surprised to learn that Social Security is not just a retirement benefit. It also includes survivor benefits that may be meaningful for a spouse or family.

When a Social Security recipient passes away, certain family members may be eligible for benefits based on the deceased worker's earnings record.

𝐈𝐧 𝐬𝐨𝐦𝐞 𝐜𝐚𝐬𝐞𝐬, 𝐚 𝐬𝐮𝐫𝐯𝐢𝐯𝐢𝐧𝐠 𝐬𝐩𝐨𝐮𝐬𝐞 𝐦𝐚𝐲 𝐛𝐞𝐠𝐢𝐧 𝐛𝐞𝐧𝐞𝐟𝐢𝐭𝐬 𝐚𝐬 𝐞𝐚𝐫𝐥𝐲 𝐚𝐬 𝐚𝐠𝐞 𝟔𝟎 (𝐨𝐫 𝐚𝐠𝐞 𝟓𝟎 𝐢𝐟 𝐝𝐢𝐬𝐚𝐛𝐥𝐞𝐝). If the surviving spouse waits until their survivor's full retirement age, they may receive up to 100% of the deceased worker's benefit (depending on the situation).

👉Timing matters here as well.

Claiming survivor benefits early may reduce the amount. And if the deceased worker claimed benefits early, the survivor benefit may be based on that reduced amount. If the worker delays their benefits, the survivor's benefit may be higher.

👉One of the important planning opportunities is that a survivor may be able to choose between benefits.

In some situations, you may want to consider claiming one benefit first and switching later, depending on age, income needs, and long-term strategy.

There is also a one-time death benefit of $255 in certain cases.

𝐒𝐮𝐫𝐯𝐢𝐯𝐨𝐫 𝐛𝐞𝐧𝐞𝐟𝐢𝐭𝐬 𝐜𝐚𝐧 𝐛𝐞 𝐚𝐧 𝐨𝐯𝐞𝐫𝐥𝐨𝐨𝐤𝐞𝐝 𝐜𝐨𝐦𝐩𝐨𝐧𝐞𝐧𝐭 𝐨𝐟 𝐫𝐞𝐭𝐢𝐫𝐞𝐦𝐞𝐧𝐭 𝐩𝐥𝐚𝐧𝐧𝐢𝐧𝐠, 𝐚𝐧𝐝 𝐭𝐡𝐞 𝐫𝐮𝐥𝐞𝐬 𝐦𝐚𝐲 𝐧𝐨𝐭 𝐚𝐥𝐰𝐚𝐲𝐬 𝐛𝐞 𝐢𝐧𝐭𝐮𝐢𝐭𝐢𝐯𝐞.

If you want help understanding what your family may be eligible for, reach out.

Source: Social Security Administration

03/18/2026

If you have more than one traditional IRA, Required Minimum Distributions (RMD’s) can be confusing.

Let’s simplify it.

You must calculate the RMD separately for each traditional IRA, based on each account's year-end balance.

But once you know the total amount required, you can take that total from one IRA or spread it across multiple IRAs.

📢In other words, the IRS cares that the total RMD is withdrawn, not which IRA it comes from.

This flexibility could be useful for tax planning and investment strategy, especially if one IRA holds more conservative assets and another is invested for growth.

👉Here is the difference.

This aggregation rule generally applies to IRAs, but not to employer plans. With 401(k)s, you typically must take the RMD separately from each plan.

Inherited IRAs are also different. Their RMD rules are separate and cannot be mixed with your own IRA distributions.

If you want help coordinating RMDs across multiple accounts, this is worth reviewing before year-end.

Source: IRS Publication 590-B

Address

1300 Access Road
Oxford, MS
38655

Opening Hours

Monday	9am - 4pm
Tuesday	9am - 4pm
Wednesday	9am - 4pm
Thursday	9am - 4pm
Friday	9am - 4pm

Website

http://www.barfieldwealthmanagement.com/

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