August 2018 Monthly Recap

ESOPs: Sell Your Business and Give Employees the Upside of Ownership

by Anne Zavaglia
An Employee Stock Owndership Plan (“ESOP”) offers a tax advantaged way for a business owner to get liquidity from the business while sharing the benefits of ownership with the employees. Learn about the benefits and drawbacks of ESOPs from Anne Zavaglia. Read More

Columbus Food Truck Festival

8/17/18 – 8/18/18
The Midwest’s largest food truck festival will take over Bicentennial Park, Scioto Mile and the Rich Street Bridge. This is a two-day event featuring over 50-60 of the best food trucks from Ohio and surrounding areas. The festival will also feature live music from some of the best sounds of central Ohio including national recording artists. Read More

What Are We Reading?

What is Beacon Hill staff reading this summer? Find out below!
Mark: I am currently reading “12 Rules for Life: An antidote to Chaos” by Jordan Peterson and “Thinking, Fast and Slow” by Daniel Kahneman.
Anne: I am actually reading “1493 Uncovering the New World Columbus Created” by Charles C. Mann for the second time! Read More

Building your Retirement Strategy

Each year, the Employee Benefit Research Institute conducts its Retirement Confidence Survey to assess both worker and retiree confidence in financial aspects of retirement. The research provides some tips that can help you build your own retirement planning confidence. Read More

Tax Benefits of Homeownership

Buying a home can be a major expenditure. Fortunately, federal tax benefits are still available, even after recent tax reform legislation, to help make homeownership more affordable. Read More

What is the Federal Funds Rate?

The federal funds rate is the interest rate at which banks lend funds to each other from their deposits at the Federal Reserve, usually overnight, in order to meet federally mandated reserve requirements. Read More