Who is eligible for benefits? Social Security is a significant payroll tax as well as an important source of retirement income for many US and non-US citizens, alike. Workers pay into Social Security while they are working and receive the benefits when they retire. The size of Social Security benefits depends on your earnings history as well as when you begin to take benefits. But what if you are…
Economics is a numerical discipline. Economists count things, measure their value, calculate ratios between those values, and project how the counts and values will change over time. But to communicate economic ideas, we rely largely on language. And for the most part, language is very useful for this purpose, because language is a powerful tool. Sometimes, however, language’s very power can overwhelm the concepts it is supposed to communicate,…
(Credit for this post goes to Rehberg Law Group. More information about Rehberg Law Group can be found at the bottom of this page.) “How can I clear up the confusion surrounding Medicare for myself or my parent(s)?” If that is your concern and with open enrollment right around the corner, retirees will be inundated with advertisements regarding their insurance options. This information can be conflicting and confusing. For many…
If you are concerned about the Equifax credit breach, this site is extremely useful: https://www.consumer.ftc.gov/articles/0497-credit-freeze-faqs
The United States of America always pays its debts. Since the Revolutionary War, the U.S. government has been borrowing money to fund its operations, and it has never failed to make good on its obligations. According to the award-winning financial history, This Time Is Different, no other major power can make that claim. The founding father of this legacy is Alexander Hamilton, who as Secretary of the Treasury argued…
The 2016 U.S. election was among the most colorful and dramatic in our history. While it remains to be seen how consequential it will be, one potential impact of particular interest to us at Bear Mountain Capital is the fate of the 2010 Dodd-Frank Act. Dodd-Frank was a complex legislative package enacted with the broad goal of preventing a repeat of the 2007-2008 financial crisis. Shortly after taking office,…
Our friends at Helsell Fetterman have prepared a 2017 Estate Planning Update which we are providing below. Helsell Fetterman is a local law firm located in Seattle, WA, whose Estate Planning and Probate group is headed by Laura Hoexter. Her group maintains expertise in many areas, including estate planning, trust administration, generation skipping transfers, and family business succession planning. Estate Tax Update Federal Estate Tax, Gift Tax and Generation-Skipping…
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…
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…
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…
