Our Writings

June 2020 Monthly Recap

Monthly Market Recap
from Clint Edgington, CFA

2020 continues to be a tumultuous year.  While we are still figuring out the impacts of Covid-19 we now are dealing with flaring tensions from policing tactics and racial tensions.  While we at Beacon Hill stand with both peaceful protests and safe policing, we maintain focus on our task to analyze markets and our clients’ well-being. Read More

What is the Employee Retention Credit and How to Get It?
By Anne Zavaglia, CFP® 

Businesses that had their operation partially or fully suspended due to government shutdown orders, or have had a 50% decline in gross receipts compared to the same quarter in 2019, may be able to claim the Employee Retention Credit under the CARES Act.
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Mid-Year Is a Good Time to Fine-Tune Your Finances

The first part of 2020 was rocky, but there should be better days ahead. Taking a close look at your finances may give you the foundation you need to begin moving forward. Mid-year is an ideal time to do so, because the planning opportunities are potentially greater than if you waited until the end of the year. Read More

4 Questions on the Roth Five-Year Rule

The Roth “five-year rule” typically refers to when you can take tax-free distributions of earnings from your Roth IRA, Roth 401(k), or other work-based Roth account. The rule states that you must wait five years after making your first contribution, and the distribution must take place after age 59½, when you become disabled, or when your beneficiaries inherit the assets after your death. Roth IRAs (but not workplace plans) also permit up to a $10,000 tax-free withdrawal of earnings after five years for a first-time home purchase.

While this seems straightforward, several nuances may affect your distribution’s tax status. Here are four questions that examine some of them. Read More

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