Posts by Omnitrust Financial Group
Potential Reasons to Put the Retirement Countdown on Hold
Retirement is still something most people look forward to, but over the years, some of the reasons for anticipation have dwindled. During the industrial age, more people worked jobs requiring manual labor that were hard on the body.
Read MoreStrategic vs. Tactical Asset Allocation
In recent years, the markets, the economy and the global political scene have evolved considerably. We’ve witnessed both remarkable volatility and remarkable resilience in these areas. The reality is that less predictability in today’s economic landscape requires more vigilant risk diversification, coupled with the ability to adapt to a fast-changing environment.1
Read MoreRetirement Plan Fees: Know What You Are Paying
Many large companies offer employees a 401(k) plan with some degree of matching contribution. Although this is a good employee benefit to have, you always should pay attention to the fees involved in your plan. Your plan provider charges various fees to invest, manage and administer the plan, and those fees are passed on to…
Read More3 Common Questions About Social Security
While Social Security shouldn’t be relied upon to be the sole source of income during retirement, it can play an important role in your overall financial strategy for retirement. But making sense of the basic ins and outs of Social Security can be overwhelming. Here are three questions people commonly ask as they approach retirement…
Read MoreIs Feeling Younger the Secret to a Longer Life?
While some people accept getting older as a natural part of life, many others are on a mission to fight the aging process and maintain a youthful attitude and appearance. Although we are often reminded to “age gracefully” – to accept our older selves just as they are – research shows those who stay young…
Read MoreTax-Deferred or Tax-Exempt? Potential Benefits to Having Both
Over the years, you may have heard it’s good to have different “kinds” of money as you head into retirement. A financial advisor may recommend a combination of tax-deferred and tax-exempt financial products, diversifying your money to help take advantage of the tax benefits both types of products provide. What many people don’t understand, however,…
Read MorePreventing Elderly Financial Abuse
A recent study by the Center for Retirement Research at Boston College concluded that many retirees who do not suffer from any cognitive impairment can still manage their money through their 70s and 80s.1 The study reports that financial capacity relies on accumulated knowledge and that knowledge stays mostly intact as we age. However, the…
Read MoreWhat is Evidence-Based Investing?
The evidence-based approach originated in the medical field to promote the use of clinical experience and the best available research to make decisions about individual patient care.1 In the investing world, this translates to a goal of using current evidence to help maximize an individual’s investment returns while minimizing risk from market downturns.2 In more…
Read MoreKeeping Connected With the Ever-Changing Internet
If you’ve watched the national news in the past year or two, you’ve likely heard debates about net neutrality, which is the principle that Internet providers should allow access to content regardless of the source and without blocking certain sites.
Read MoreSavings and Investment Updates
The American College of Financial Services recently posted some surprising results from its Retirement Income Literacy Quiz. Nearly three-quarters of respondents ages 60 to 75 failed the test with a score of 60 percent or less.1 The quiz included topics such as which expenses are covered by Medicare and long-term care insurance and what age…
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