If you contribute to a retirement account, then you should be interested to know that the IRS has increased the contribution limits for 2019. You may also be interested in knowing any restrictions on your ability to contribute. Lastly, did you know that once you reach the age of 50 you are usually allowed to make an additional contribution? This is known as a catch-up contribution. Contribution Limits Account Type…
Our clients often ask us about real estate, and what we think about buying or selling a primary residence, a vacation home, or an investment property. This is hardly surprising—for many of our clients, their family home is by far their largest asset. What’s more, most of our clients live in either the Seattle or San Francisco areas, both of which have experienced extraordinary real estate appreciation in recent…
Many people are aware of the benefits of a Roth IRA: you put your after-tax money into it, after 20 or 30 years when you retire, you pull all of the money out tax-free. This can be a big benefit when you consider the effect of compounding returns over time. There are other benefits such as that you may be in a lower tax bracket when you pay taxes…
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…
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…
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…
Fall is upon us and we are quickly approaching the holiday season. During this time of year we always reflect on how quickly time passes as the New Year comes rushing toward us. Bear Mountain Capital Inc. invites you to reflect on the year as it pertains to your long-term goals. The first article in this newsletter can provide you with perspective when it comes to retirement planning. The second…
As we enter Fall, we are planning ahead for the upcoming year and beyond. With the Holiday season right around the corner, it may be time to revisit your financial plan. Bear Mountain Capital encourages you to keep the future in mind as we approach the latter half of the year. There is still time to reach your New Years resolutions (made oh so long ago). We invite you to…
Have you ever thought about making a charitable donation but want to give to several different charities? Navigating the paper work for each individual charity and its restrictions on what can be donated can prove to be no small task. What if you could donate to a single fund and then have it gifted out to all of the charities you choose in a streamlined fashion at the time and…
Ever met anyone over the age of 100? Do you plan to live past 100? Most of my life I would have answered no to both of these questions, but more and more as I meet or hear of people living to a ripe old age, I figure what the heck- I guess I will shoot for 101. So, what next? I better plan for my money to last. This…
