Articles Archives | PrimeTRUST Advisors

  • 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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  • Top Tips for Choosing a Financial Advisor

    By: Chip Hunt Introduction Choosing the right financial advisor is a critical decision that can greatly impact your financial well-being and future security. Whether you’re planning for retirement, investing, or managing your assets, the right financial advisor can provide expert guidance. To ensure you make the best choice for your financial needs, here are some …More

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    By Chip Hunt The IRS Offers Relief – A Two-Year Delay to Implement Roth Catch-Up Contributions The SECURE 2.0 Act of 2022 included the requirement that, effective January 1, 2024, catch-up contributions made by higher paid retirement plan participants to a 401(k), 403(b), or 457(b) plan must be made as after-tax Roth catch-up contributions. For …More

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  • 75% of Americans are Just “Winging it” When it Comes to Their Financial Future.*

    By Chip and Jamie Hunt Imagine a life of financial peace of mind. Your financial goals are crystal clear, your savings are flourishing, and you have a solid plan to secure your financial future. Sounds too good to be true, doesn’t it? Well, that’s precisely what a financial plan can do for you. A financial …More

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  • What’s Your Approach to Investing?

    By Chip Hunt You’re making really great time, but are you heading in the right direction? Your money can be a powerful enabler, allowing you to do certain things with the potential to add a “certain quality” to life for you and your family…or not. That “certain quality” is usually expressed with expectations of fulfillment …More

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  • 401(k)s – How to Invest (Video)

    By Chip Hunt Are you confident in how you’re investing in your 401(k)? In this video we’ll discuss a three-step process for how to invest in 401(k)s based upon a simplified version of an investment process that investment professionals use. No special skills are required; just the discipline to follow a set of rules in …More

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  • SVB & Signature Bank Collapsed: Why Banks Fail & How to Protect Your Savings

    Bank Collapse

    By Chip Hunt Banks play a vital role in the economy, providing individuals and businesses with access to cash, credit, and other financial services. Despite their importance, however, banks can fail. And when they do, the effects often cause panic in the wider economic environment.  This past week, two major players in the banking industry, …More

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  • 401(k)s – How Much to Contribute? (Video)

    By Chip Hunt When it comes to saving for retirement, there’s no better savings vehicle than a trusty 401(k). But it must be used properly for maximum benefit. One of the single biggest 401(k) mistakes I see is many workers only contribute enough to get the full company matching amount. And that’s it; they stop …More

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  • Don’t Make These 5 Common Retirement Mistakes

    2023-1_Don’t Make These 5 Common Retirement Mistakes

    By Chip Hunt Everybody makes mistakes (we’re human after all), but some mistakes are more dire than others. When it comes to budgeting and financial planning, mistakes that seem simple can have lasting consequences on your life in retirement. Properly planning for retirement requires diligent planning, budgeting, and investing.  Let’s discuss 5 common mistakes retirees …More

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  • High Interest Rates Present New Opportunities for Taking Your Pension

    2022-11_High Interest Rates Present New Opportunities for Taking Pension Lump Sums

    By Chip Hunt “High interest rates are changing the math on pension lump sums.” – The Wall Street Journal, October 31, 2022 The Punch Line So…here’s the punchline!  Because of the way pension rules work, changing interest rates often create pricing “irregularities” that you can exploit…potentially resulting in a higher pension payout to you! And …More

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