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…

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Buy For the Long Term: When is that?

| July 21, 2022

During most years, the stock market tends to go up in value, 73% of the time since 1928, to be precise.1 Using historical returns as an indicator, in any given year, you’re usually better off investing in ‘the market’ than not investing at all. Unfortunately, the S&P 500 (often referred to as the ‘the market’), is having one of its worst starts to the year ever and at the time…

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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…

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How to Think About Your Restricted Stock Units (RSUs)

| April 27, 2022

Given the growing popularity of equity compensation plans amongst the country’s largest corporations, offering stock to employees has become a crucial employee benefit. One of the most common forms of equity compensation are known as Restricted Stock Units, or RSUs for short. According to a 2020 survey from Charles Schwab, 5 in 10 millennials said that equity compensation was one of the main reasons why they took their job. Clearly,…

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Will You Receive Social Security?

| December 14, 2021

Each year the Social Security Administration releases their Annual Trustees Report, which provides information about the projected funding levels of the Social Security trust fund. Unless you’re looking for great bedside reading material, you probably haven’t read this year’s report. Here’s the TLDR version – the Social Security trust fund will run out of money by 2033. Society has accepted many things as common knowledge, like swallowed bubble gum taking…

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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…

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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…

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Buying Real Estate in Seattle? In San Francisco?

| June 8, 2018

  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…

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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…

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Is a Backdoor Roth IRA a Good Strategy for Me?

| December 8, 2017

  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…

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