We often speak with clients who are nervous about retirement; given the uncertain future of Social Security, increasing life expectancies, and unstable pensions, it's easy to see why many people are concerned.
A recent study by the Transamerica Center for Retirement Studies revealed some troubling statistics about the state of retirement readiness in the U.S. Only 39 percent of people surveyed felt that their nest egg was strong enough, and more than half of workers say they won't be able to retire at age 65.Read More
Our clients often ask us if active management is an effective financial strategy. We understand why many might be tempted to give it a shot (after all, Wall Street and the financial media promote active management relentlessly) but our answer is always the same – a resounding “No!”
Here are 4 reasons why active management wealth strategies fail.
1. Does Your Investment Manager Lack Commitment?Read More
Got questions about Social Security? You're not alone. At Premier, our retirement planning advisors answer queries about this government benefit every day. We understand why investors have so many questions about SS; after all, it's a complex system.
Plus, the decisions you make about Social Security -- especially when to start claiming your benefits -- have the potential to affect your retirement for the long term. Here are five facts about Social Security that retirement investment advisors wish everyone knew.Read More
Did you know that 86 percent of Americans that receive financial advice take actions they describe as positive, and two-thirds of those feel more confident about their finances?
Of course, we're not surprised by this -- after all, we're quite familiar with the many benefits offered by the services wealth advisors provide -- but unfortunately, a 2014 TIAA-CREF study of financial trends in the U.S. also found that 65 percent of the 1,000 adults surveyed aren't interested in financial advice. Whether these individuals don't know which investment professionalsRead More
Market volatility got you down or have you feeling stressed? You're definitely not alone! Clients often bring us their worries about an unstable market -- and we always encourage them to share their concerns.
After all, that's one of the many ways that wealth advisors add alpha, or value, to the wealth management process: By explaining the ins and outs of the market, your private wealth advisor also helps you maintain the discipline you need to stay the course, especially when a volatile market has got you spooked.Read More
Worried about retirement? You're not the only one; in fact, some of the most common questions our retirement plan advisors field are related to concerns and fears about retirement.
Some of the most common retirement worries include:
- Fear of outspending retirement savings
- Worries about not having enough money to retire
- Concern about losing one or two employment paychecks
- Anxiety about the cost of healthcare and long-term care
The other day, I was having coffee with a friend when the conversation turned to female investors. Should women seek out female wealth advisors? Does it make a difference?
While on initial contemplation, the question may seem silly or even archaic; after all, if someone suggested that male investors should work with male financial advisors, they'd likely encounter a derisive response or even be accused of sexism. Historically speaking, however, the fact remains that women have faced a distinct disadvantage -- and, in more recent years, a distinctly gendered experience -- when it comes to accessing and managing financial assets.Read More
Clients often come to our retirement investment advisors with questions about Roth IRAs; how do they work? What are the differences between a Roth and a 401(k)? Which plan is best for my specific needs?
The good news is that you can take advantage of the Roth's "pre-paid" taxes feature now, so that you don't have to worry about paying taxes on that money -- or its investment gains -- in the future. This increases both your flexibility and your tax diversification in retirement.Read More
We understand -- few people enjoy estate planning. While it may not be top on anyone's list of fun activities, setting out your estate planning strategies before the inevitable takes place can increase your peace of mind, and help your spouse and family through the difficult transition when the time comes.
Think of estate planning just as you do retirement planning: Necessary, if not extremely enjoyable. These three essential estate planning strategies will help you -- as well as your spouse and family -- prepare.Read More