View Post

Pension Decisions – Consider Your Options

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

There is no doubt that pensions are an extremely important asset and making decisions regarding these plans can be daunting and stressful. This is especially true since pension decisions are irrevocable! This article addresses common questions that should be considered when making decisions about your pension.

View Post

Beacon Financial Strategies Celebrates 10 Years!

In Asset Allocation, Company News by Chip Hymiller

It is very hard to believe, but Beacon Financial Strategies recently celebrated our 10th year in business.  While so very much has changed over the last 10 years, one thing remains the same—we absolutely love our “jobs!” We would like to extend our sincerest gratitude to those of you who have entrusted Beacon to provide financial guidance to you and …

View Post

Investor Beware of Year-End Capital Gain Distributions!

In Asset Allocation, General Financial Planning, Investments, Personal Finance, Personal Financial Planning, Tax by Chip Hymiller

It looks like 2014 is going to be a huge year for mutual funds making capital gain distributions. While on the surface capital gains sounds like a good deal, but in reality they can pose a tax nightmare for some investors – especially people who invest in mutual funds in non-retirement (taxable) accounts. This article explains the problem with mutual fund distributions and provides a resource for those performing year-end tax planning.

View Post

Surviving the Financial Stress Test

In Asset Allocation, General Financial Planning, Investments, Market Review, Retirement Planning by Chip Hymiller

When making financial planning and investment decisions, we believe that it is important to consider the probability of negative outcomes. We call this “stress-testing” a financial plan. By stress-testing financial planning assumptions, we are able to help our clients identify and protect against financial risks that could derail their financial plans.

View Post

Beacon Participates in CPA Day of Service

In Asset Allocation, Company News by Chip Hymiller

On Friday, September 19, 2014, Beacon professionals joined hundreds of CPAs across the state who participated in the NC Association of Certified Public Accountants’ day of service. Erin Campbell and Chip Hymiller volunteered with about 50 other CPAs at the Food Bank of NC sorting and packaging donated foods. It was great to get out of the office and spend time helping others!

View Post

Long Term Care Insurance—Is it time to consider a hybrid?

In Asset Allocation, Cash Flow and Budgeting, General Financial Planning, Insurance, Personal Financial Planning, Retirement Planning, Tax by Chip Hymiller

Normally, when someone mentions hybrids they are referring to fuel-efficient, money-saving cars. Like hybrid cars, the intention of hybrid long term care insurance policies is to provide cost-saving insurance coverage by combining both life insurance (or an annuity) with long term care coverage.

View Post

Has Investor Complacency Arrived?

In Asset Allocation, Cash Flow and Budgeting, General Financial Planning, Investments, Market Review, Personal Financial Planning, Retirement Planning by Chip Hymiller

With over 20 years in the investment industry, we have helped clients navigate through a number of economic and market cycles. Through the years, we have developed our own set of descriptive names that are used as an indication of where we are in the market cycle. These names are generally based on client emotions and range from “malaise” to “exuberance”. Currently, we are in what we call the “investor complacency” phase.

View Post

A Lesson In Investing History: How Will You Respond Next Time?

In Asset Allocation, Investments, The Economy by Chip Hymiller

In our office, we celebrated privately the passing of the four year anniversary of what would be a 13 year stock market low point.
That’s right, it has already been four years since March 9, 2009 when the S&P 500 Index closed at 676—a level last seen in the summer of 1996. As of the date of this article, the S&P 500 Index has surpassed its all-time high of 1565, which was achieved in October 2007!