If you are paying any attention to the news or even just the conversations wafting through the office, you have heard the concerns regarding the world and domestic economy. Inflation is the highest it has been in decades – meaning EVERYTHING costs more – and retirement accounts are being hammered by it all, begging the question… FRUSTRATED YET? If you’re like most investors, the answer is an emphatic YES! But then the real question, especially after the recent market uncertainty and volatility, is “What can you do about it?” While we at the Segrust Group don’t pretend to have all the answers, our clients—people just like you—would tell you that we have enough to take away the frustrations. The good news is, «Salutation», my team and I are here to help our clients navigate the current market environment. (Following is an example of how this letter should be customized for...
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Giving Tuesday: How to Factor Charitable Giving Into Your Financial Plan
Financial security is a top concern for many Americans. When it comes to planning for retirement, the necessity of saving enough money is front-of-mind for virtually every investor. But there’s one area where most people are missing out on an opportunity to build their legacy—charitable giving in their retirement plans. Though 2020 was a difficult year for many around the world, the numbers pointed to a heartwarming trend in charitable giving among the American public. Data collected by the Fundraising Effectiveness Project found that giving was 7.6% higher throughout the first three quarters of 2020 than the prior year, and 25% more giving was done on Giving Tuesday. This month, in the spirit of Giving Tuesday, we’ll be outlining several strategies you can use to make charitable giving a fruitful part of your life and retirement plan. 1. Work giving into your budget Most people who are familiar with budgeting...
Continue readingThe Three Primary Factors that Should Influence your Retirement Investment Strategy
In this version of The Segrust Group’s Cliff Notes video series, we explain that when it comes to long-term investment decisions for your retirement, three primary factors should influence your investment strategy. 1. Your financial goals 2. Your risk tolerance 3. Your time horizon Cliff Cadle, Founder of The Segrust Group, explains the impact of these three critical factors and how they can drive your financial strategy to help achieve your long-term retirement goals. For questions or more information, contact us at 866-966-9724....
Continue readingShould You Pay Off Debt or Save for Retirement? [Video]
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Continue readingPay Down Debt or Save for Retirement?
The most important decision you can make is to take action and get started now. The sooner you decide on a plan, the sooner you can begin to make progress. If you decide to prioritize paying down debt, make sure you put in place a mechanism that automatically directs money toward the debt so you won’t be tempted to skip or reduce payments. Pay Down Debt or Save for Retirement? You can use a variety of strategies to pay off debt, many of which can cut not only the amount of time it will take to pay off the debt but also the total interest paid. But like many people, you may be torn between paying off debt and the need to save for retirement. Both are important; both can help give you a more secure future. If you’re not sure you can afford to tackle both at the same...
Continue readingRetirement Income Investing: Beyond Annuities
Retirement Income Investing: Beyond Annuities One of the challenges of investing during retirement is providing for annual income while balancing that need with other considerations, such as liquidity, how long you need your funds to last, your risk tolerance, and anticipated rates of return for various types of investments. Annuities may be seen as a full or partial solution, since they can offer stable income or guaranteed lifetime payments (subject to the claims-paying ability of the issuer). However, they’re not right for everyone. A well-thought-out asset allocation in retirement is essential. While income investments alone are unlikely to meet all your needs, it’s important to understand some of the most common non-annuity investments that can provide income as part of your overall investment strategy. Bonds: retirement’s traditional backbone A bond portfolio can help you address investment goals in multiple ways. Buying individual bonds (which are essentially IOUs) at their...
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