Blog

12 Sep 2014

Posted at 15:08h in The Friday Brief by
The financial decisions we make on a daily basis, even some relatively small ones, can have a huge impact on our future. That's because of the power of compounding. We understand that a relatively small sum saved over time can grow into a very large amount in the future. But we rarely recognize how compounding can work for or against us in our purchasing decisions, which are more frequent and significant than savings decisions. This is an area where the concept of opportunity cost can be especially helpful.

11 Sep 2014

Posted at 11:59h in Blogs, General by

It gives us great pleasure to announce that Jared Korver has joined our growing Beacon family. Jared comes to us from Ernst & Young LLP, where he worked as a CPA in its Raleigh, NC tax practice. He gets considerable joy from serving people and solving...

29 Aug 2014

Posted at 10:22h in The Friday Brief by
I'll be the first to admit that the idea of "financial planning" can sound about as exciting as an invitation to a friend's daughter's third grade violin concert. Throw in the fact that we are in-the-moment creatures, not naturally focused on the future and we begin to understand why planning is such a challenge for us. We are so busy managing the chaos of our daily lives, we simply can't afford to take the time to consider a future that seems to be coming at us faster than we can adjust.

22 Aug 2014

Posted at 10:29h in The Friday Brief by

If you visited the Yahoo Finance web page on Wednesday, you may have seen this headline: "Dow 6,000: Wild prediction or worthwhile caution?" The article behind the headline is about a guy named Harry Dent. Dent has made a number of market predictions over the past few decades--his...

15 Aug 2014

Posted at 14:30h in The Friday Brief by
It's that time of year again--kids are going back to school, last trips to the beach are being taken, and mornings here and there are beginning to feel a tinge of crisp coolness (at least in Raleigh). Fall is coming. And with it comes an increase in planning. With the kids going back to school, conversations may begin (or restart) about taking them out of the public school system, or putting them back in. Perhaps college is around the corner and there are worries about paying for it. We start thinking about holidays and whether or not we'll travel, and if so, for how long and with whom? We brace for the increased busyness at work, some of us with an excitement and eagerness, and others of us with dread. The former start to question if they'll ever want to retire, and the latter wonder how soon they can.

01 Aug 2014

Posted at 12:44h in The Friday Brief by
For the past several months the subject of an impending market correction has moved to the fore of media attention and investor concern. With yesterday's stock market pull-back, more have joined the discussion.

25 Jul 2014

Posted at 11:05h in The Friday Brief by
Few terms evoke greater discomfort than the word budget. Our defenses go up immediately at its mere suggestion. We confess we should budget, or we admit our fear of what budgets reveal of our spending choices and amounts, or we just don't want to face the guilt they invariably cause. Sound familiar?