Bear Mountain Capital Inc.

College Expenses Covered by 529 College Savings Plans?

| December 15, 2016

  College is expensive. Being prepared and putting money aside in a qualified 529 college savings plan can help you get ready for the onslaught of expenses you and your child will face when your child is ready to leave home for the college experience. Our friends at American Funds have put together a summary list of qualified and non-qualified distributions from a college savings plan for college expenses, updated for…

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Owning Your Company’s Stock

| October 19, 2016

  Currently, one of the nation’s biggest banks, Wells Fargo, is in the middle of a serious scandal. The company fraudulently opened extra customer accounts without their consent or knowledge in order to boost revenue. (Click here to read story) Prior to the latest news, Wells Fargo was considered to be one of the darlings of Wall Street. Warren Buffett, a major stakeholder, loved to talk about the bank. However, since the…

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Life Insurance: Term or Permanent?

| September 29, 2016

  We get questions from clients all the time asking about life insurance. What type should I get? How much coverage should I purchase? Where should I get a good policy? There are two types of life insurance: term and permanent life insurance. Permanent life insurance can be broken down into several other categories: whole, universal, variable or variable-universal. Permanent life insurance is just that, permanent, as long as you continue to…

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What is Dollar Cost Averaging (DCA)?

| July 26, 2016

The global investment community has been focused on the recent vote by the UK to leave the European Union, broadly referred to as the “Brexit.”  This historic event will have economic impacts on the UK and the European Union, as well as their trading partners.  Unsurprisingly, equity markets experienced sharp declines in the days following Brexit and have since seen a significant rebound.  If you haven’t already, please read our…

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What is Dollar Cost Averaging (DCA)?

| July 26, 2016

  The global investment community has been focused on the recent vote by the UK to leave the European Union, broadly referred to as the “Brexit.”  This historic event will have economic impacts on the UK and the European Union, as well as their trading partners.  Unsurprisingly, equity markets experienced sharp declines in the days following Brexit and have since seen a significant rebound.  If you haven’t already, please read…

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The Brexit and What It Means

| June 24, 2016

    Yesterday, the United Kingdom voted to leave the European Union. While a close vote was highly anticipated, the markets had discounted the possibility of a “Brexit” the last several days by pushing the markets upward. After the final results came out last night, the markets had to reverse course. The “Leave” group had voted 51.9% in favor of leaving the union. Unsurprisingly, the result was a big sell-off today across…

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Top 10 Tax Tips

| March 8, 2016

  As we navigate tax season, it is important to remind ourselves that tax strategies should not be employed once a year but rather year-round.   Here are some tips to consider from our friends at Accountability Services: Top 10 Tax Tips 1.  MAXIMIZE YOUR RETIREMENT ACCOUNTS  There are many flavors of retirement accounts and there is one that best fits you and your family’s needs. You can fund an account for…

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