Beacon Hill Investment Advisory

2023 Market Review; Schwab Alliance Reminder -

2023 Market Review; Schwab Alliance Reminder The echoes of central banks’ historic monetary stimulus to counter the Covid-19 virus, the resulting inflation, and the  unwinding of that monetary stimulus to contain that inflation continued to play out in 2023.   

July Market Update; TD Transition to Schwab -

July Market Update; TD Transition to Schwab Stocks closed higher in July, with each sector posting notable gains. The stock market, and economy in general, have proven to be resilient in 2023, despite rising interest rates. The S&P 500 and the Nasdaq have enjoyed five straight months of gains, closing out their best seven-month stretch to sta...

Q1 2023 Market Review; Increase Roth Savings -

Q1 2023 Market Review; Increase Roth Savings March saw the financial markets extend this quarter’s rebound from the brutal 2022, both from a headline perspective and within most sectors. Still, stocks ended the quarter stuck near bear market territory, down 13.5% from their last high set last January.

January Market Review; SECURE 2.0 -

January Market Review; SECURE 2.0 January was a good month for investors, with markets ending higher despite concerns that the economy may be headed toward a significant slowdown or even a recession. Each of the benchmarks posted solid gains, except for commodities which were down. Crude oil prices declined in January for the third....

2022 Market Review; SECURE 2.0 Act -

2022 Market Review; SECURE 2.0 Act In our 2021 market review, we discussed the sources of our current inflationary economy and assumed it would continue.  And continue it did, negatively impacting almost all asset classes.  Supply chain issues, rising oil prices, and an increase in the money supply from Covid stimulus continued the...

October Market Review -

October Market Review After a rough September, markets rebounded in October with the first monthly gain since July. After two quarters of contracting, GPD growth came in higher than expected at 2.6% for the third quarter.  Investors were encouraged by the data, and most sectors posted notable gains. Value continued its ...

Q3 2022 Market Review -

Q3 2022 Market Review The Fed’s rate increases are not slowing inflation as quickly as hoped. After remaining flat for a few months, inflation data released in mid-Sept was higher than expected. Core CPI, which excludes energy and food, was up 6.3% from a year ago and 0.6% from the month before.  The Market reacted to...

Q2 2022 Market Review - https://mailchi.mp/bhadvisory/nest-opportunity-fund-update-our-foundation-5815153

Q2 2022 Market Review With inflation, interest rate, and geopolitical fears taking the stage and reversing market advances in the beginning of 2022, the second quarter extended these trends. Fear of a recession began setting in as confidence in the Federal Reserve’s ability to coordinate a soft landing came into questi...

Q1 2022 Market Review; Secure Act 2.0 - https://mailchi.mp/bhadvisory/nest-opportunity-fund-update-our-foundation-5774321

Q1 2022 Market Review; Secure Act 2.0 World equity markets’ great 2021 is not continuing in 2022, while fixed income markets’ underwhelming performance last year is.

June saw a continuation of the global economic rebound scattered with supply chain constraints and inflationary pressures that has characterized 2021, with an increase in volatility in both the bond and equity markets. Check out our June Market Recap for more info!

June 2021 Market Recap - Beacon Hill June saw a continuation of the global economic rebound scattered with supply chain constraints and inflationary pressures that has characterized 2021, with an increase in volatility in both the bond and equity markets.

If you expect to be in a higher tax bracket during retirement rather than now, you may want to consider a Roth 401(k). Check out our educational blog on Roth 401(k)'s for more info!

Should you take advantage of a Roth 401(k)? - Beacon Hill By Anne Zavaglia, CFP® If you have a 401(k) or other workplace retirement plan that offers a Roth option, you should consider taking advantage of […]

Our May 2021 Market Recap is here! See how the market has looked over the year in our latest article!

May 2021 Market Recap - Beacon Hill Investment Advisory, LLC General market trends continued to hold in May as data pointed to a strong economy, with the US Purchasing Managers’ Indices for both manufacturing and services rising to their highest levels on record.  That, coupled with potential of large infrastructure spending and the Fed’s release of note...

Several bills have been introduced in the Senate that would have a serious impact on the estate tax and assets that are passed to heirs. We've got all the info here, so take a look to see how your future planning may be affected.

Changes In Store for Estate & Gift Tax Planning - Beacon Hill Investment Advisory, LLC By Anne Zavaglia, CFP® & Clint Edgington, CFA There are several bills that have been introduced in the Senate that would have a serious impact on the estate tax and assets that are passed to heirs.  These potential changes may become a reality if the American Jobs Plan and American Families Plan, ...

With increased consumer spending and a large infrastructure stimulus package in the pipeline, some market participants are foreseeing significant inflation ahead, but April continued the streak of strong market performance. Check out our April 2021 Market Recap!

April 2021 Market Recap - Beacon Hill Investment Advisory, LLC April continued the streak of strong performance across most asset classes, with the S&P 500 clocking in at an 11.3% gain for the year.  While the market was troubled with the thought of increased interest rates last month, the Federal Reserve continued their position of being highly accommodative....

With the introduction of the American Jobs Plan and the American Families Plan, several changes to taxes are in the works. Read on to see how you or your business may be affected.

Tax Increases on the Horizon - Beacon Hill Investment Advisory, LLC President Biden has been a proponent of raising taxes on those earning more than $400k per year. This is in addition to reverting the Estate and Gift Tax rates to pre – 2009 levels, when tax rates were 45% and the exemption amount was $3.5mill per individual.  The President also supports eliminat...

The Paycheck Protection Program has been extended to June 30, 2021, but the application deadline is May 31, 2021! Check out the details here!

Paycheck Protection Program Extended - Beacon Hill Investment Advisory, LLC The Paycheck Protection Program has been extended to June 30, 2021.  The American Rescue Plan provided an additional $7.25 billion in funding to the program.  The PPP Extension Act of 2021 takes it a step farther, extending the application deadline to May 31, 2021. The Small Business Administratio...

The gradual economic growth we've been seeing showed signs of accelerating in March. Unemployment is down, job seekers are plenty, could we be seeing one of the sharpest recoveries from one of the most severe contractions? Read on for more!

March 2021 Market Recap - Beacon Hill Investment Advisory, LLC The gradual economic growth discussed last month showed signs of accelerating in March.  Employers hired more, with January and February’s employment gains of +545k being revised up by 156k more jobs.  March’s non-farm payroll employment shot up by another 916k jobs to move the unemployment ra...

Federal income tax filing date extended to May 17!

Tax Filing Due Date Extended - Beacon Hill Investment Advisory, LLC The IRS has extended the Federal Tax Filing deadline for individuals to May 17, 2021! State taxes are still due April 15, unless your state changes it, or you live in a disaster relief area. Taxpayers can also postpone their federal income tax payments for the 2020 tax year to May 17, 2021, without....

Is you business claiming the Employee Retention Credit for 2020? Read our article detailing the guidance provided by the IRS to make sure you claim the ERC!

The IRS Provides Guidance on the Employee Retention Credit - Beacon Hill Investment Advisory, LLC The Internal Revenue Service (IRS) released new guidance this week for employers that are claiming the Employee Retention Credit for 2020. The guidance applies to qualified wages paid between March 12, 2020 and December 31, 2020. At the end of last year Congress passed a relief bill allowing busines...

February was a quiet month for the markets, and with the incoming stimulus, we'll be keeping a close eye on how things shift. Check out our February market recap for more details!

February 2021 Market Recap: Continuing Trends - Beacon Hill Investment Advisory, LLC February was a quiet month in the markets, continuing trends that have been in place since December.  Economic expansion seems to be continuing, with positive news on the coronavirus front, unemployment being lower with 50k new jobs created last month, and a Q4 GDP advance estimate of 4.1%. Further...

The tax filing deadline is approaching! Read our tips to make sure you file correctly!

Tax Filing Due Date Approaching - Beacon Hill Investment Advisory, LLC Tax filing season officially started on February 12 this year.  If you haven’t done so already, you’ll want to start gathering documents — including a copy of your 2019 tax return, W-2s, 1099s, and deduction records. You’ll need these records whether you’re preparing your own return or hi...

With the exception of the fiasco, January was a quiet and predictable month for the market. It's been a while since we've had predictability... read on for more info!

January 2021 Market Recap: Predictability! - Beacon Hill Investment Advisory, LLC Frankly, not much happened in the markets last month.  With a new President and Congress shifting power, it’s an odd time for nothing major to happen to impact the markets.  Our new President perhaps ushered something into our lives that you either love or hate…predictability. Both U.S. and Fo...

The Qualified Opportunity Zone Investment deadline has been further extended to March 31, 2021! Read on for more details about how you can defer your capital gains.

Opportunity Zone Investment Deadline Extended - Beacon Hill Investment Advisory, LLC Typically, taxpayers that want to defer paying taxes on capital gains must reinvest their realized gain into a Qualified Opportunity Zone Fund within a 180 period after the date of sale.  Due to the pandemic, the 180 period was extended last year until 12-31-2020.  The IRS has released a notice th...

2020 had its fair share of ups and downs. The market was no exception to this. Check out our annual market recap for 2020!

2020 Annual Market Recap - Beacon Hill Investment Advisory, LLC 2020 will always be remembered as a tumultuous year.  When we write out the events that occurred, it’s hard to flesh that against the blistering 18.4% the U.S. stock market [1] returned this year. The pandemic gave us our fastest bear market and the fastest respondent bull market, all in the matt...

Congress approved a new round of Paycheck Protection Program loans. Read on to find out if your business qualifies!

Congress Approves New Round of PPP Loans - Beacon Hill Investment Advisory, LLC The latest stimulus bill will provide $284 billion in forgivable Paycheck Protection Program (PPP) loans for small businesses. Hard hit businesses can apply for a new PPP loan even if they received one previously. Businesses cannot receive more than two. The deadline to apply for new loans is March....

The IRS recently released a revenue ruling confirming that there would be no tax deduction allowed for expenses paid with proceeds from a Paycheck Protection Program loan that is forgiven. Read on to learn how your business could be affected.

Expenses Paid with PPP Loan Proceeds Not Deductible - Beacon Hill Investment Advisory, LLC Small businesses that received a Paycheck Protection Program (PPP) Loan are able to have their loan forgiven if the loan proceeds were used for certain qualifying expenses during the covered period. The CARES Act specified that the forgiven loan amount would not be considered taxable income to the b...

Sometimes it's easy to discern the "why" behind market movement, and sometimes it leaves us scratching our heads! Check out our October Market Review as we dive into October's interesting movements.

http://www.beaconhilladvisory.com/2020/11/02/october-market-review/

October Market Review - Beacon Hill Investment Advisory, LLC Writing these market reviews is a humbling experience and solidifies our hesitance to predict what markets will do in the short term.  Most months, it’s easy to discern why the various markets performed the way they did.  But for some months, such as last month, once you get behind the headlines...

The outcome of the presidential election is still unknown, but it isn’t too early to start thinking about changes ahead. Check out our article that details how you should plan with taxes in mind depending on the outcome of the election.

If Biden Wins, How Should You Plan With Taxes In Mind? - Beacon Hill Investment Advisory, LLC The outcome of the presidential race is still unknown, and may well not be for some time after the election. However, it isn’t too early to start thinking about changes ahead. Joe Biden’s Tax Plan includes a number of proposed changes affecting primarily those earning more than $400k per year. S...

This previous quarter enjoyed broad economic optimism, but the markets tempered through September as COVID-19 cases rose and stimulus talks came to a halt. Read our market update to learn more!

Q3 2020 Market Recap - Beacon Hill Investment Advisory, LLC This quarter enjoyed broad economic optimism, as jobless claims decreased (though obviously still elevated), manufacturing continued its rebound, and COVID-19 case counts decreased off the summer highs with continued positive news on the vaccine front.  U.S. stocks outperformed European stocks as t...

Donating to charity this year? The CARES Act further incentivizes charitable giving. Read our article about how you can take qualify for greater charitable deductions!

Are You Donating to Charity this Year? - Beacon Hill Investment Advisory, LLC Tax payers that itemize deductions on their federal income tax return can generally deduct gifts to qualified charities. The 2017 tax reform significantly increased the standard deduction resulting in far fewer taxpayers reducing their taxes by itemizing deductions.  To encourage charitable giving ...