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Tax Benefits of Homeownership After Tax Reform

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. There may also be tax benefits under state law. Mortgage interest deduction One of the most important tax benefits of owning a home is that you may be …

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Have You Made Any of These Financial Mistakes?

As people move through different stages of life, there are new financial opportunities — and potential pitfalls — around every corner. Have you made any of these mistakes? Your 50s and 60s 1. Raiding your home equity or retirement funds. It goes without saying that doing so will prolong your debt and/or reduce your nest …

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Do You Have an Exit Plan in Place for Your Business?

Exit planning is something that all business owners will have to face at some point.  Like being the executor of an estate, it is usually thrust upon someone once in their lifetime.  They initially have no knowledge of how to sell, will only learn while doing it, and will likely never use that experience again. …

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Our Favorite Vacation Spots!

Where does Beacon Hill like to vacation? See our staff answers below! Clint: Jenny and I love Maui.  There is a great combination of water sports for me, and chilling on the beach for Jenny.  If traveling with the family then the “Left Coast” of Michigan is our spot. The water is cold but clean, …

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5th Circuit delivers mandate officially killing DOL fiduciary rule

The U.S. Court of Appeals for the Fifth Circuit has formally put an end to the fiduciary rule. The court issued a mandate on June 21 that certifies its decision to vacate the Labor Department’s fiduciary rule. The mandate had been expected on May 7. In issuing the mandate, the court formally puts an end to …

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