Articles

Bruce Smith

Bruce Smith is the Director of Retirement Plans and works directly with our 401(k) trustees and participants. Bruce is also the CFO and Chief Compliance Officer at Premier.
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Recent Posts

Robo-Advisors vs Real-Life Wealth Advisors: How to Choose?

By Bruce Smith | May 01, 2019

At Premier Financial Group, we understand that investors have many choices when it comes to selecting the right financial advisor for their needs. In recent years, the choices available to investors have increased with the advent of the so-called robo-advisors. 

Just as the travel industry has changed -- thanks to the proliferation of do-it-yourself online booking sites -- and traditional bank teller duties have been taken over by automated tellers, the financial services industry is changing, as well. Robo-advisors, or investment firms that offer

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Should Speculating be Part of Your Strategic Financial Plan?

By Bruce Smith | April 18, 2019

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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How Often Should I Meet With My Financial Advisor?

By Bruce Smith | March 21, 2019

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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IRAs for Kids? Retirement Plan Advisors Explain

By Bruce Smith | February 20, 2019

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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401(k) Advisors Share the Retirement Basics

By Bruce Smith | January 10, 2019

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 | January 04, 2019

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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Retirement Plan Advisors Reveal 7 Retirement Trends

By Bruce Smith | October 06, 2018

While playing nine holes of golf with a friend the other day, the conversation turned to retirement and, specifically, what retirement looks like now as opposed to when our parents retired. Much has changed in the last generation or two; pensions have largely disappeared, the future of Social Security is a matter of debate and the costs of healthcare seem to just keep rising.

However, the news isn't all bad! Along with an increased life expectancy for most Americans, physical activity is on the rise

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Retirement Plan Advisors' Key to Retirement: Patience

By Bruce Smith | September 30, 2018

The other day, I was enjoying a game of golf with a friend who happens to be a long-time retirement plan advisor. As it often does, the conversation turned to retirement; specifically, where the key to a happy, comfortable retirement really lies.

My golf buddy's answer? It's probably not what you think.

My friend believes that the secret ingredient to a successful retirement lies in patience -- and the secret to patience lies in the ability to delay gratification, which, needless to say, isn't exactly a hard-wired human trait. 

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Why Diversify? Improve your Wealth Management Strategies

By Bruce Smith | September 12, 2018

Long before the days of investment management solutions, financial derivatives and modern portfolio theory, Sancho Panza -- Don Quixote's sidekick – wisely noted, “It is the part of a wise man to keep himself today for tomorrow and not to venture all his eggs in one basket.” Of course, Don didn’t take this sage advice – but you should.

Our clients often ask us how to diversify; while they understand the basic importance of not putting all of those eggs in the same basket, they’re just not sure how to go about it in the most effective manner. Here’s how to avoid diversification pitfalls and create a blueprint to evaluate your own portfolio.

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Ask a 401(k) Advisor: 7 Keys to 401(k) Success - Part 1

By Bruce Smith | July 20, 2018

Often people ask our retirement plan advisors: "What is the best way to invest in my 401(k)?"

While many companies provide 401(k)s as a benefit to their employees, the frequency that we hear this question is alarming. This question underscores that many 401(k) participants haven't had enough education from their 401(k) plan providers to know how to fully participate - but the stakes couldn't be higher. Once you have worked through your higher income years and reached retirement you will not get a 2nd chance. Either you will have prepared properly - or not. In our opinion, however,

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