Many of our clients have asked how what will happen to the stock market if Candidate(X) wins the election. Get a historical perspective of the impact an election may have on the stock market.
The Economic Snapshot is a sampling of a number of widely followed economic and financial market statistics. Beacon Financial Strategies utilizes these and other economic indicators as a gauge of the general financial health of the economy when making investment decisions. The purpose of the information contained in this post is to provide you with a general gauge of domestic economic …
If you’re 10 years or so away from retirement, you’ve probably spent at least some time thinking about what your life will look like after retirement. How will you manage the transition? Will you travel, take up a new sport or hobby, or spend more time with friends and family? Should you consider relocating? Will you continue to work in some …
The United Kingdom’s unexpected decision to exit the European Union on June 23rd has created an air of uncertainty in both foreign and domestic markets.
Have you ever heard of an “investment glide path?” It is an important concept for retirees and pre-retirees to consider. Choosing the correct glide path could make an enormous impact on your financial well-being in retirement.
Revocable Living Trusts can serve an important role in your estate plan, but they aren’t for everyone. Find out more..
For those of you who are charitably inclined and over the age of 70 ½, we have great news that could impact your charitable gifting strategy! In December 2015, Congress made permanent the ability for taxpayers to divert their required minimum distribution directly to a qualified charity. The ability to make this charitable election, technically called a Qualified Charitable Distribution …
Have you confirmed the beneficiary designations of your 401k, IRA, or life insurance policies recently? If not, you should! Find out why.
A number of studies have shown that investor behavioral biases have an enormous impact on investment returns for the average investor. Given the emotional component of investing, it is important to recognize that, while we cannot avoid these feelings, gaining an understanding of common behavioral biases may help us avoid acting on these emotions.
Chip Hymiller, CFP® was recently quoted in US News & World Report article titled Who Invests Better: Men or Women?
Parents with special needs children can face a unique set of financial challenges. However, like all financial challenges, it is important to take measures early to financially prepare for the future. Here are a number of financial planning ideas and considerations for those parents who have special needs children.
Here are answers to a number of common questions regarding your Social Security benefits.
As with most financial matters, there is no “one size fits all” solution and this is particularly true when it comes to life insurance planning. This article addresses things to consider when evaluating the need to retain a cash value life insurance policy.
U.S. blue chip stocks managed to squeak out a small gain in 2015, but required nearly a 7% advance in the fourth quarter to do so. Stock prices of smaller companies, on average, fell by about 4.5% for the year.
Congress has given the gift of a new tax bill at the very end of the year. This article highlights several provisions included in the 2015 tax bill that could impact you.
As a 401(k) plan sponsor or decision maker, do you know that you can be held personally responsible for mistakes in your company’s 401(k) plan? Hiring the right professionals, those that can serve as fiduciaries to your 401(k) plan can help defray some of your liability. Find out how.
The Employee Retirement Income Security Act of 1974 (ERISA) imposes strict standards of conduct on fiduciaries who have discretion over the administration and investment of 401(k) retirement plans and plan assets. ERISA and its fiduciary rules apply to defined contribution plans like 401(k) plans, ERISA 403(b) plans and also defined benefit plans. Who are plan fiduciaries to 401(k) plans? Basically, …
Find out the maximum contribution limits that can be made to most retirement savings accounts including 401(k) plans, 403(b) plans, traditional and Roth IRAs for 2016.
Chip Hymiller, CFP® was recently featured in Money’s Ask the Expert column. Chip provided some key insights into the reader’s question regarding his ability to retire, as well as, retirement planning considerations in general.
On November 2, 2015, President Obama signed into law the Bipartisan Budget Act of 2015, legislation that raises the federal debt limit and establishes the framework for a two-year budget deal. The legislation, necessary to avoid an impending default on U.S. debt, also contains multiple unrelated provisions, including an elimination of two Social Security retirement benefit claiming strategies and a …