Doves and Hawks Mulling Their Options at the Fed

Posted by Mark Germain, CFP®, MBA, ADPA®

09/27/2016

Doves and Hawks Mulling Their Options at The Fed

On September 21 the Federal Reserve released the minutes from the Open Market Committee’s (FOMC) August meeting. This periodic ritual is watched by the entire financial sector extremely closely; every word and every line is meticulously examined, run through various text-based software apps for signs of an interest rate harbinger--either in the form of a white feathery dove or a red-tailed hawk.

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Topics: Interest Rates, Banks, The Fed

Monthly Market Recap: August 2016

Posted by Chris Cacchiola, CRPC®

09/26/2016

Beacon's August 2016 Market Recap is now available. To view the PDF file, please click the image below. 

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Topics: Financial Markets, market update

What Are The Benefits of A Roth IRA for a High Income Worker?

Posted by Mark Germain, CFP®, MBA, ADPA®

09/14/2016

What are The Benefits of A Roth IRA for A High Income Worker?

As some high income workers may not see the potential benefits of a Roth IRA or think they are ineligible to contribute, many are right. As a high income worker you cannot make a direct Roth contribution. You can however rollover from a regular IRA to a Roth. The dilemma is when you roll it, you must pay tax at your current income tax rate.

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Topics: Retirement Savings, Retirement Planning, Retirement, Roth IRA

What Are The Penalties for Withdrawing Money from My Traditional IRA?

Posted by Mark Germain, CFP®, MBA, ADPA®

09/06/2016

What are the penalties for withdrawing money from my traditional IRA? 

Penalties for withdrawal of IRA's is based on your age and the regularity of the payouts. First, if you are less than 59 1/2 then yes you would incur a penalty. Tax penalty is 10% and you must also pay the tax at your current income tax rate.

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Topics: Tax strategies, Traditional IRA, Taxes

Benchmarks Gauge Investment Markets

Posted by Mark Germain, CFP®, MBA, ADPA®

08/30/2016

 


INTRODUCTION:

Just as a car salesperson uses the "blue book" to gauge the approximate price for a newly acquired vehicle, you can use market benchmarks to gauge the approximate performance of your mutual fund investments. Each market index tracks a representative sampling of stocks, bonds, or other securities that may be similar to the holdings in your investment portfolio.

Often tracked in financial websites and newspapers, benchmarks can be especially helpful to individual investors by offering a framework whereby they can evaluate the risk and return history of their own investments. The important consideration to keep in mind is that, when using benchmarks to compare to your investments, you should always compare apples to apples. In order to accurately do this, it helps to be familiar with a variety of benchmarks and the sectors and asset classes they track.

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Topics: Financial Planning, investment strategy, Investing, Benchmarks

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