Bear Mountain Capital Inc.

Washington’s Long-Term Care Tax Status Updates

| July 22, 2022

Thank you to Haley Sanford of New York Life for the status update regarding WA LTC Tax: Earlier this year Governor Inslee signed a bill that postponed the tax by 18 months. WA State did this to try and address a few bipartisan issues such as options for those who are close to retirement and will not pay in for ten years, live in neighboring state but work in WA…

Read more

Economic Hot Buttons

| June 14, 2022

Inflation is an economic indicator we discuss heavily with clients during our planning sessions to project future income needs. For years, inflation has been benign, to say the least. Over the last decade, policy makers have been attempting to increase inflation, to ensure it stays close to their preferred target of 2%. Anything lower than their 2% target, risks stagnation in an economy, or worse deflation, which is difficult to…

Read more

MARKET TIMING: WHY NOT TRY?

| April 5, 2022

During times of high market valuations and following long-periods of strong market returns, we are often asked where we think the market is “going from here”. The real question behind this inquiry is “is it time to sell?” When markets go up, it’s natural to be excited about the gains, while feeling nervous about giving back those same gains in the next market downturn. The crux of the question is…

Read more

Slavery and It’s Everlasting Effects on Economic and Racial Inequality

| August 18, 2020

In February of 1968, Harry Belafonte, host of the Tonight Show on NBC, had Martin Luther King Jr. on as a guest. Below is a clip of Martin Luther King Jr. responding to a question from his host and the following quote: “The economic problem is probably the most serious problem confronting the Negro community, and, I might say, the most serious problem confronting poor people generally”. It’s no secret…

Read more

The Federal Reserve and It’s Impact on the Market Recovery

| August 18, 2020

Many people have been caught off guard by the recent market volatility. Most have been surprised to see asset prices increase so quickly after hitting bottom in March. We’ve seen unexpected price movements before, but this was quite extreme given the fact that we are still very much in the middle of a pandemic, with no immediate end in site. What has been driving the recent recovery? Government intervention has…

Read more

Economic Health vs. Public Health

| August 18, 2020

A debate has been raging in this country, regarding the economic toll and public health toll that this pandemic has caused. The arguments range from concerns about an economic depression caused by mandatory government shutdowns, to concerns about our health care system being overwhelmed by sick patients and an untold number of unnecessary deaths occurring due to an unchecked COVID-19 virus. We believe it is a false narrative to say…

Read more

Are You Close to Turning 65? Have You Applied for Medicare?

| April 10, 2019

Are you close to turning 65? Did you just turn 65? If the answer is yes to either of those questions, and you haven’t considered your requirement to sign-up for Medicare, you could be in for some pain later. Unless you are covered by an employer plan at the time you turn 65, it’s important to realize you are required to enroll in Medicare. Or else… There is a 7…

Read more

Hey Alexa – What is a Market Correction?

| December 19, 2018

  It’s official. As of earlier this week, all three major indexes (Dow Jones, S&P 500 and Nasdaq) all ended in correction territory. What is a correction? A correction is when the stock market experiences a 10% drop from it’s highs. Is it notable? Yes. Should it be worrisome? No. Let me explain. Over the last 50 years, the S&P 500 has entered into a correction 29 times. That is…

Read more

Update: The Trump Administration Relaxes Several Dodd-Frank Provisions

| June 29, 2018

As we discussed on this blog over a year ago, repeal of the Dodd-Frank Act was a significant plank in President Trump’s election platform. Dodd-Frank was Congress’s legislative response to the 2007-2008 financial crisis; it substantially restructured federal oversight of the banking industry with the intent to reduce the chances of another liquidity and credit crisis. While a complete repeal of Dodd Frank was never really in the cards (some…

Read more

What Does Tax Reform Mean To You and Your Portfolio?

| March 13, 2018

Congress and the President recently passed the biggest tax reform in over 30 years. The Tax Cuts and Jobs Act of 2017 aims to make the United States corporate tax rate more competitive and therefore increase corporate investment domestically. The bill also provides for individual tax breaks beginning in 2018, that will expire at the end of 2025. What Does This Mean For My Portfolio? Corporations will now be taxed…

Read more