In order to make your meeting with the estate planning attorney more efficient and productive, here are few items that you need to think about or decide on.
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.
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!
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.
Many people have questions regarding their Social Security retirement benefits. This article addresses several of the more common questions that people often ask us.
When it comes to taking account distributions in retirement, which account is best – IRAs, Roth IRAs, Brokerage accounts or 401k plans? Also, are there tax strategies that could be employed now to minimize taxes in the future?
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.
Let’s face it, seniors today are healthier, more active and are likely to have longer lives. So what are the financial implications for retirees who will likely live well into their 80s and possibly their 90s?
Emotions can play a major role when it comes to investing. Understanding common investor biases can help prevent costly investment mistakes.
With interest rates seemingly on the rise, is it now time to make adjustments to the bond allocation in your portfolio?
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!
This video discusses the purpose and key components of an investment policy statement.
When it comes to structuring a tax-efficient investment portfolio, we believe it is important to consider “asset location.” That is—which types of investments should be held in which accounts?
The News & Observer recently interviewed Chip Hymiller, CFP® to ask his opinion about the Fiscal Cliff and what it could mean for investors. Click here to read his response.
The equity markets seemed to breathe a collective sigh of relief after European Central Bank president, Mario Draghi, declared that he was willing to do “whatever it takes” to keep the Eurozone together.
One of the most pronounced fears for retirees is outliving their assets. Taking portfolio withdrawals that are sustainable over an extended retirement period is an important decision and one that should not be taken lightly.
Given current interest rates are bonds good long term investments?
There are a number of indexes that attempt to measure the performance of the financial markets and serve as a gauge of economic activity. The following are descriptions of several of the most common indexes:
Many investors are confused by the myriad of choices when it comes to mutual fund “share classes.” This article explains key differences in the various mutual fund shares classes.
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 …