Money can allow you to do fun things but managing money is not always fun or funny!
Protecting Retirement Income
Ideally, no one wants to enter retirement during a prolonged and significant market decline. After all, a market shock reduces a client portfolio's value, diminishing the amount that can safely be withdrawn. There are levers that can be pulled to help increase your chances of meeting your retirement goals even during dips in your account values.
Roth Conversions: Benefits and Timing
ESG Investing Decisions
Environmental, social and governance (ESG) investing is growing in popularity among investors and financial advisors. With this increased popularity comes a growing list of funds and specialized strategies to use in an asset allocation plan. One reason more people are shifting money towards ESG investments is greater research by academic and investment institutions showing potential risk and performance benefits by businesses who implement ESG policies.
Retirement Income Replacement Plan
Covid-19 has created multiple challenges for how we live, work and invest. For those close to or in retirement the pandemic has impacted their emotions around money, lifestyle expectations, and how much to withdraw from their accounts. Through the ups and downs of different types of investments it is best to focus on what you can control and follow these general withdrawal strategies during retirement.
Financial Advisor Crossville Tennessee
I moved my family and financial planning practice, Peterson Wealth Advisory, to Crossville, TN in 2013. This was going to be a great opportunity to share the difference a comprehensive financial planning advisor can make towards meeting client financial and retirement goals. Individuals, families and businesses in Crossville, Fairfield Glade and the Upper Cumberland region would now be able to work with a fee-only, fiduciary, Registered Investment Advisor firm with an advisor who holds the Certified Financial Planner™ certification.
Roth 401(k) vs. Traditional 401(k)
It can be tough to pass up a tax break by choosing Roth 401(k) contributions over traditional deferrals, but you need to think ahead when saving for retirement. Paying taxes now might help you save thousands – or even tens of thousands – in net taxes. That is additional money that can come in handy in retirement.
NAPFA Member
In July 2020, Peterson Wealth Advisory and its owner, Christopher Peterson, CFP®, were accepted into the National Association of Personal Financial Advisors (NAPFA). NAPFA is the country’s leading professional association of Fee-Only financial advisors—highly trained professionals who are committed to working in the best interests of those they serve.