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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.

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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!

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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.

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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.

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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!

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Beat Inflation With I Bonds

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

In a prior article, we discussed the importance of maintaining an emergency fund.  We offered our insight into how much is appropriate to keep in cash or savings, as well as emergency fund targets.  As a result of that article, we were asked the question:  “Where can I invest my emergency fund, such that it earns an interest rate that …