Monthly Recap – May 2014

“Sell in May, Go Away”

Those that positioned for this old investment adage, didn’t fare so well last month… (Read More)

Economic Perspective

• GDP contracted in Q1 at 1% annualized rate
• Unemployment drops from 6.7% to 6.3%; lowest since Sept 2008
• Manufacturing data mixed.
• Not surprisingly, home sales increased with spring push
• Eurozone grew .2% in Q1 (Read More)

Top 10 Tax Breaks You’ll Miss in 2014

When the clock struck midnight on December 31, 2013, a number of popular tax benefits expired.  Don’t be surprised… (Read More)

Are Con Artists Updating Old Scams?

Pump-and-dump stocks | IRS threats | High-yield CD’s (Read More)

Attn: ERISA plans DOL Delays Fiduciary Rule

The Department of Labor will delay releasing its controversial fiduciary redraft until at least January 2015 from the originally slated August release date. DOL made the announcement that its proposed rulemaking under its Conflict of Interest Rule would be delayed under a change to its regulatory agenda. Beacon Hill note: As you can see, the brokerage industry is pushing firmly against any effort by the SEC or DOL to incorporate a fiduciary standard as part of investment advice.  The advisors at Beacon Hill fully accept and embrace the concept of fiduciary responsibility.  In fact, we accept fiduciary responsibility on every 401(k), 403(b) and Defined Benefit plan in which we serve as the investment advisor.  We do this, regardless of industry lobbying, because it’s best for our clients’. (Read Press Release)