Articles Archives | PrimeTRUST Advisors

  • 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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  • 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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  • 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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  • 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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  • 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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  • 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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