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Midterm Elections: What Do They Mean For Markets?

In Asset Allocation, General Financial Planning, Investments by Chip Hymiller

It’s almost Election Day in the US once again. While the outcomes of the elections are uncertain, one thing we can count on is that plenty of opinions and prognostications will be floated in the days to come. In financial circles, this will almost assuredly include any potential for perceived impact on markets. But should long-term investors focus on midterm elections?

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Why Invest Globally?

In Asset Allocation, Company News by Chip Hymiller

The U.S. stock market has really been on a tear!  This is especially true when comparing the performance of U.S. stocks to international stocks.  You will note in the table below that over the last year the S&P 500 (U.S. stocks) has outperformed its international counterpart by more than 22%!  This disparity in performance becomes even more magnified when considering …

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Projecting Health-Related Expenses in Retirement

In Asset Allocation, Retirement Planning by Chip Hymiller

For many, the largest unknown during retirement and a source of much concern and worry is the potential for “extraordinary”  health-related expenses.  These costs including Medicare, Medicare Supplement, prescription drug coverage, dental, vision and out-of-pocket costs (deductibles and co-pays) can vary greatly at an individual level. When working on a Retirement Feasibility or Portfolio Sustainability Analysis for clients, we are …

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Beacon Welcomes Nick Faulkner!

In Asset Allocation, Company News by Chip Hymiller

Meet the newest member of the Beacon team, Nick Faulkner.  Nick attended the University of North Carolina at Wilmington where he earned a Bachelor of Science in Business Administration with a concentration in Finance.  Having worked at an independent financial planning and wealth management firm, as well as in the insurance industry, Nick has experience in key areas of the …

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Understanding Required Minimum Distribution (RMD) Rules

In Asset Allocation, Company News, General Financial Planning, Personal Financial Planning, Retirement Planning by Chip Hymiller

Required Minimum Distribution (RMD) Fast Facts: Required Minimum Distributions (RMDs) are based on: December 31st account values and… A person’s life expectancy There is currently no annual RMD requirement on Roth IRAs Neglecting to take a RMD can result in a penalty of 50% on the amount of the required to be withdrawn Required Minimum Distributions: A Deeper Look Those …

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Special Needs Planning: An Introduction to ABLE Accounts

In Asset Allocation, Cash Flow and Budgeting, Estate Planning, General Financial Planning, Personal Finance, Personal Financial Planning by Chip Hymiller

Families of those with special needs have historically had limited options when accumulating funds for their loved one’s future.  Especially, without jeopardizing their continued eligibility to Medicaid and other support programs. As surprising as it may seem, accumulating as little as $2,000 in a disabled person’s name could potentially render them ineligible to receive much needed assistance and access to …

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Planning for Life in a Retirement Community—Things To Consider

In Asset Allocation, Company News, General Financial Planning, Retirement Planning by Chip Hymiller

There is no doubt that people are living longer and enjoying a higher quality of life in their retirement years.  Given the high demand of retirement communities, which can include independent living and assisted living alternatives, many are taking a proactive approach in evaluating and moving into these communities—prior to health changes that could warrant the necessity to move in. …

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A Look Back on Black Monday: October 19, 1987

In Asset Allocation, General Financial Planning, Investments, Market Review, Personal Finance, Personal Financial Planning, Retirement Planning, The Economy by Chip Hymiller

It’s hard to believe that it’s been 30 years since “Black Monday,” the day the stock market declined a whopping 22.6%! Although I was merely a sophomore in high school, I remember the day quite well.  Having my first real job and being a “saver” by nature, I had just become interested in investing.  I had recently invested in a …

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Protect Your Credit – Implement a Security Freeze Now!

In Asset Allocation, Personal Finance, Personal Financial Planning by Chip Hymiller

Equifax, one of the three major credit agencies, recently revealed that they had a major security breach whereby 143 million American’s personal information (including Social Security numbers) was stolen.  Click here and choose the “Potential Impact” button to find out if your personal information may have been compromised in this breach. **We do not recommend that you enroll in the Equifax “TrustedID …

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You are Never Too Old (or too Young) for a Roth IRA!

In Asset Allocation, General Financial Planning, Personal Financial Planning, Retirement Planning by Chip Hymiller

The ability to contribute to Roth IRAs can represent one of the most beneficial financial planning decisions that people can make for their future.  Roth IRAs were established by the Taxpayer Relief Act of 1997 and while most people are aware of the name, they may not be fully aware of all of the benefits. A Roth IRA is an …

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Estate Tax Planning: Be Proactive and Know Your Options

In Asset Allocation, Estate Planning, General Financial Planning, Retirement Planning by Chip Hymiller

The federal estate tax generally only applies to those who die with assets that exceed $5,490,000 (in 2017).  While only about 0.2% of the population is subject to the estate tax, those who are impacted can be faced with a significant estate tax liability as the estate tax rate quickly exceeds the 40% mark! Here is a simple example of …