Bear Mountain Capital Inc.

What You Should Know About The $2 Trillion Fiscal Stimulus Bill

| April 3, 2020

COVID-19 has emerged as a pandemic according to the World Health Organization. In an effort to minimize the spread and the risk of an overwhelmed health care system, governments have followed the advice of epidemiologists and have engaged “shutdowns” with various work-from-home or shelter-in-place mandates. As a result, many businesses have temporarily closed their doors and the U.S. recently saw the largest spike in single-week unemployment claims ever, up 6.6…

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

Uncommon Employee Benefits: Flexible Spending Account

| April 9, 2019

When someone starts a new job, there is generally an onboarding process. Part of this process usually includes enrolling in employee benefits such as medical plans, insurance plans, and retirement benefits. Most of us are familiar with the benefits of 401(k)s, and some of us are familiar with the ins-and-outs of health savings accounts or HSAs (if you’re not, see a refresher here). Increasingly, companies are beginning to offer another…

Read more

New 2019 Contribution Limits!

| January 4, 2019

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…

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 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…

Read more