Articles

401(k) Advisors Share the Retirement Basics

By Bruce Smith | November 14, 2017

What is a 401(k) and, more importantly, why should you care? Since this type of investment account first arrived on the retirement planning scene almost four decades ago, it's grown into the most used employer-sponsored retirement plan in the country. More than 52 million Americans have 401(k) accounts, together holding $4.8 trillion in assets as of 2016, according to research from the Investment Company Institute.  

These flexible plans can make saving for retirement easier. Read on to learn what our 401(k) advisors think everyone should know about 401(k) plans. 

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Social Security & High Net Worth Investors: Wealth Management Solutions

By Bruce Smith | November 07, 2017

Our wealth advisors often answer questions about Social Security and how it fits into a comprehensive wealth management strategy, especially for those in higher tax brackets. Even if the bulk of your income comes from other sources in retirement, Social Security can help make your retirement more comfortable and help you grow assets to leave to your beneficiaries.  

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Financial Literacy: Key to Successful Wealth Management

By Jeremy Sorci | October 31, 2017

We all get them... stacks of envelopes in the junk mail pile, all offering low-interest credit cards. Emails offering "amazing deals" and "once in a lifetime" chances to use a new credit card to pay off existing debt. This steady stream of offers of easy credit is having an impact.

According to the Center for Retirement Research at Boston College, Americans put an additional $52.4 billion dollars on their credit cards in 2015 alone, leading to an overall increase of $72 billion dollars of credit card debt. The numbers continue to rise. By the end of 2016, outstanding credit card debt reached a new high: over $1 trillion. It appears that our society's current trend away from cash and toward credit card purchases has taken hold. Today, online shopping reigns, making it ever easier to slide into overextended credit and debt. 

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401k Advisors Suggest 5 Questions to Ask

By Teresa Conley | October 24, 2017
How's your 401(k) doing? If you're like the majority of Americans, you've got access to an employer-sponsored 401(k) retirement plan, but you're not taking advantage of it. 

 

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Wealth Management Solutions for Widows: Part 1

By Francoise Crandell | October 17, 2017

Losing a spouse is hard enough... but when financial confidence is lost as well, feelings of worry and instability can seem overwhelming. 2016 research in the Journal of Financial Service Professionals indicates that working with a wealth advisor after the passing of a loved one significantly improves widows' sense of financial confidence and well-being. 

In this, part one of a two-part series, we'll explore the financial issues that affect the more-than 12 million widowed women in the U.S. We'll also share wealth management solutions that can help boost widows' financial confidence and discuss the benefits of strategic financial planning, both before and after losing a loved one. 

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IRAs for Kids? Retirement Plan Advisors Explain

By Bruce Smith | October 10, 2017

IRAS: They're not just for adults anymore! While it's no secret that IRAs — individual retirement accounts — are a popular way to save money for retirement, many don't realize that these savings accounts can also be an effective investment tool for children and teens. As long as a child is earning income from a job, they can contribute to an IRA. 

There are two types of IRAs that investors can take advantage of for children. Read on to learn more about how to use IRAs to help young people start saving and investing. 

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Why Mom Was Right About Retirement Planning

By Jeremy Sorci | October 03, 2017

When you think of the people you rely upon most to provide retirement planning advice, who comes to mind? Your trusted wealth advisor, of course. Perhaps your best friend or your work colleague.  Perhaps even your - mom?

While mom might not be first on your list, perhaps she should move up a few spaces. Imagine, for a second, that you're sitting around the table after dinner, enjoying a cup of late-night decaf, and discussing retirement planning with your mom... only your mom just happens to be Warren Buffet. 

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How Often Should I Meet With My Financial Advisor?

By Bruce Smith | September 26, 2017

Ever wonder exactly how often you should be meeting with your financial advisor? If so, you're not alone; we're often asked if there's a standard time frame that investors should adhere to. 

Though we always recommend -- at minimum -- an annual performance review, a few other circumstances necessitate a sit down with your wealth advisor.

Estate Planning Strategies: Schedule a Meeting

Estate planning is an essential component

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The Quiet Killer of Active Wealth Management: Style Shift

By Teresa Conley | September 21, 2017

We are often asked about active versus passive wealth management approaches. One question that can be confusing is that of style drift.  What is it? How can it affect my financial planning?

It’s no secret that we’re not big fans of the active management approach, in which a financial advisor or fund manager buys and sells positions in an effort to generate extra returns.  We not only believe this is ineffective; there is also scant evidence to support the notion that trying to beat the market works any better than blind luck.

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Should Speculating be Part of Your Strategic Financial Plan?

By Bruce Smith | September 13, 2017

To invest or speculate - that is the question.

Though the two terms may sound alike on the surface, they're actually two quite different things -- and, in our opinion, one should not be part of your strategic financial plan. 

Investing vs. Speculating: Viable Wealth Strategies?

The difference between speculation and strategic investing can be night and day.  The way Premier approaches portfolio management, investing is a long-term

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