Financial Services


<span style="color: #000080;"><strong>IRAs</strong></span>

If you’re looking to supplement your retirement savings, an IRA can be a powerful tool to help you reach those goals.
What Is an IRA?
An IRA is an individual retirement account that allows you to save money for retirement with certain tax advantages. Think of an IRA not as an investment product itself but more like a box holding your chosen investments. Those investments may include mutual funds, stocks, bonds, annuities, Certificates of Deposits (CDs) or other financial products. Keep in mind that some restrictions and limitations on eligibility, contribution limits and access to fund apply.*
How We Can Help
Whether you’re interested in opening a new or rollover IRA, traditional or Roth, I can help you get started with the right IRA for you.

read more

Mutual Funds

<span style="color: #000080;"><strong>Mutual Funds</strong></span>

What are Mutual Funds?
A lot of people invest in mutual funds, and it's pretty easy to see why they're so popular. A mutual fund is a simple way to diversify. In other words, they help minimize your risk by not putting all your eggs in one basket.
So what do you need to know about mutual funds? A mutual fund is a pool of investments usually a combination of stocks, bonds, and cash instruments. They are bought and sold by an investment company based on the goals of the fund. The risk, size of the company and industry are all things the fund manager thinks about when making investment decisions.
When you put money in a mutual fund, you're basically buying a small amount of each investment in the fund's portfolio. You're counting on the company that creates the fund to investigate industries to invest in based on the fund's investment strategy and decide which ones to invest in.
Four of the most common types of mutual funds are stock mutual funds, bond mutual funds, money-market mutual funds, and target-date retirement funds.
Investors should consider a fund's investment objectives, charges, expenses, and risks carefully before investing. More information about the fund is available in the prospectus, which should be read carefully before investing.
What are my options?
Trying to pick out a mutual fund can be pretty daunting, but it's not hard to narrow down the field with help from a financial professional.
One well-known investment strategy is to have a diversified portfolio. Diversification does not ensure a profit or protect against loss in a declining market, but if you own several investments and one of them is performing poorly, the other investments may help cushion the impact. Mutual funds can help take out a lot of the legwork needed to diversify by selecting numerous investments.
Purchasing several mutual funds in different asset classes adds another level of investment diversification. You could have one mutual fund that contains lower—risk investments that can help preserve current value, and another with higher-risk investments that can help maximize potential growth. You could invest in general mutual funds or funds with a specific purpose—like target-date retirement funds.
And if you're looking for tax advantages, you can also invest in an IRA invested in mutual funds or an annuity.
What are the advantages?
There are a lot of good things to say about mutual funds.
Most important, they simplify investing for the average person, who doesn't have time to research every stock and bond out there. They're managed by professionals/investment managers who often charge just a small fee for their work.
Each mutual fund typically invests in a number of different companies, which can help make your investment less risky than had you only invested in a single company's stock.
Even better, mutual funds are created with certain goals in mind. That means you can pick funds that fit your investment comfort level and time horizon. So if retirement is right around the corner, you may want to select a fund that takes less risk, such as bond funds or money-market funds.
There are also funds based on what year you'll retire, called target-date retirement funds. They are invested so that your investment can potentially grow a lot at the beginning but then be less risky when you're older.
Mutual funds are low-maintenance—always a plus. Every year, the fund company sends you a report on how it's doing and what it's investing in. You can also track its progress easily on the web.
Who are they good for?
Mutual funds can be a great choice for:

  • People who want a simple way to make sure their investments are diversified
  • Those who invest their money in smaller chunks
  • Those who don't have the time to research individual stocks and bonds
  • People who want to be able to access their money easily without paying extra fees
How a Personal Financial Representative Can Help
Interested in learning more about investing in mutual funds? Call today! I’ll guide you through it.

read more