Articles Archives | PrimeTRUST Advisors

  • Posted by | October 4, 2024

    Is Social Security Broken?

    Social Security: A Crisis? Sure. A Catastrophe? Not So Fast.
    Social Security has long been the subject of countless headlines, op-eds, and heated debates – and with the release of the this year’s edition of the annual social security trustees report – the debate is rekindled; all of which seem to suggest that it’s on the brink of total collapse. But before we all start planning our retirement around backyard vegetable gardens and barter systems, let’s take a closer look at what’s really going on—and why it might not be as dire as it sounds.

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  • Posted by | August 12, 2024

    How the Election Could Affect Your Finances: What You Need to Do

    Presidential Election 2024

    Presidential Election 2024 image

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  • Posted by | July 22, 2024

    What to do with an Old 401(k)?

    401k rollover wordle

    Exploring Your Options By: Chip and Jamie Hunt If you have money sitting in an old retirement account or are just starting a new job, it may be time to take a fresh look at your options for what to do with your retirement funds. One big advantage of a 401(k) plan is the portability …More

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  • Posted by | June 10, 2024

    Your 401(k) Checkup

    Since your 401(k) plan is not a “set it” and “forget it” program, it’s a good idea to conduct a regular checkup to assess the health of your retirement accounts.

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  • Posted by | May 1, 2024

    Rating 401(k) Service Providers

    Service Provider Evaluation

    By: Chip Hunt 401(k) Plan Committee members: As we approach mid-year and you consider the state of your 401(k) plan, you may find yourself at a crossroad – contemplating whether to just tolerate continued poor service, or to take the necessary steps to change your “bundled” – all-in-one – service provider. But who wants to …More

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  • Posted by | March 25, 2024

    It’s Tax Season: Looking at the Tax Advantages of Roth Accounts

    IRS-Roth IRA

    As tax season rolls around again, it’s convenient reminder to consider the most tax-advantageous investment vehicles available. One often-overlooked option is the Roth account, which offers unique tax benefits that can significantly impact your financial future.

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  • Posted by | February 9, 2024

    The Power of Intelligent Decision-Making In Financial Planning

    Two peope, two different outcomes

    How can two individuals, identical in age and income, with matching financial resources—IRAs, 401(k), pension, Social Security, investments, and more experience vastly different outcomes in their retirement? The answer lies in their decision-making and the methods used to arrive at those decision

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  • Posted by | January 26, 2024

    Seeking Fiduciary Protections

    Two Strategies for Protecting Yourself as an ERISA Fiduciary Background If you are a fiduciary of a 401(k) plan, here’s a thought to seriously ponder. By rule, your default position as an ERISA fiduciary is that YOU are personally liable for claims of investment losses incurred by participants for their investment decisions… That is, UNLESS …More

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  • Posted by | January 11, 2024

    Six Financial Must-Dos for 2024

    writing financial tasks on calendar

    By: Chip & Jamie Hunt This year make your financial health a top priority. Use this checklist to serve as your guide to an organized approach for assessing and monitoring your financial security. It’s a resolution that not only promotes fiscal responsibility for you and your family, but also empowers you to make informed decisions …More

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  • Posted by | October 13, 2023

    A Trick for Required Minimum Distributions

    Required Minimum Distributions (RMD) image

    WOW!!… I Didn’t Know You Could Do THAT! Heads-up!! The year-end is rapidly approaching, which brings up the topic of Required Minimum Distributions (“RMDs”). And… you were thinking this was about a New Year’s Eve Party. Nope! As retirement plan geeks, we are thinking about RMDs! Many people are surprised to learn that you do …More

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