Entrust Blog

The month of April is perceived by many in the northern hemisphere as a time of renewal. With that theme in mind, we would like to share three considerations that might help to renew your spirits and support your future focus, despite the crises that continue to swirl around us. Three considerations: Last week, April 6th through April 9th (the 10th was a capital markets holiday), was the best performing week of the S&P 500 index¹ since 1974. While pointing ...

We are continuously monitoring updates from the Centers for Disease Control and the World Health Organization and have taken steps to promote virus prevention with our team, including working from home. We encourage you to ensure your personal health and safety, and if you have any symptoms of COVID-19 or the seasonal flu, please contact your healthcare provider as soon as possible. Entrust’s service and support to clients is unaffected, because our software and technology solutions allow us to operate ...

Your 401(k) Plan: Business that’s Personal Over the past couple of decades, “401(k)” has become the catchall term for retirement savings. As financial advisors, we at Entrust could not be more pleased that 401(k) plans are widely familiar. After all, clients want a comfortable income during retirement, just as they do while working, and that requires assets. Many aspire to leave a legacy as well. Speaking of comfort and legacy, assuming you have good longevity, retirement will be the ...

The surge in cases of the COVID-19 resulted in a sweeping reaction last week in the capital markets. Three market indicies that are familiar to many individual investors—The Dow Jones Industrial Average (The Dow), S&P 500, and Nasdaq—fell 10 % or more, the largest weekly loss since the 2008 financial crisis. Fears of a pandemic and/or prolonged global economic slowdown, heralded by the coronavirus worries, triggered the widespread sell-off. Our Entrust perspective is that while the current downturns signal ...

We often hear news reports about decisions of the FOMC (Federal Open Market Committee) but are rarely in the presence of a committee member to learn about the goals and work of the group. Kudos to the Forum of Executive Women for hosting Lara Rhame, Chief U.S. Economist for FS Investments, interviewing Loretta J Mester, President and Chief Executive Officer of the Federal Reserve Bank of Cleveland. Mester’s perspective on current economic conditions was refreshing and confidence-inspiring in ...

Good News, Bad News for Your Retirement Accounts: The SECURE Act If you own a retirement account, you could experience good or bad news in the year ahead due to the recent passage of the “SECURE Act.” Good News If you have not yet been required to begin distributions from your retirement account(s) (the minimum amount you must withdraw from your account each year), you are now permitted to wait until you reach the age of 72, providing you ...

At Entrust Financial, we are often asked what our services are. We understand this question because financial lives today can have many moving parts, parts that often overlap and are complicated and confusing. Clients and friends who know us at Entrust are aware that we love every little detail of financial complexity and are thrilled to orchestrate financial success for our clients, so they can spend time on what they love instead! To help describe what differentiates Entrust Financial, ...

It is easy to be daunted by the need to save for retirement. For starters, your retirement savings plan requires setting goals, determining timelines for achieving them and the acceptance of investment risk, so that your invested retirement accounts may appreciate. However, aiming to secure your retirement does not stop there. The next step of the process is to identify how much income your portfolio of assets can reasonably generate, year after year, when you stop working. How do ...

Owning your own home was a fundamental American value for many of us when we grew up. It was considered a symbol of success, of having “made it.” Those who did not felt they had missed out on something, that not owning helped prove their marginal financial success. For instance, Joslyn remembers her father freely expressing his frustration about not owning their family home. Because he was a minister, the tradition was for the congregation to pay a very ...

Perhaps the biggest financial wild card for those approaching retirement is the funding of health insurance and unexpected health care costs. Because most of us would like to retire someday, and do so with peace of mind regarding our healthcare needs, the following three tips may help you stay on track: Remember that health insurance plans have open enrollment periods, during which you may change your existing coverage, if needed. Most plans also permit a 30-day window for changing ...