There is 1 huge advantage to the rising interest rates
And it has to do with what your earning on your savings…
Address
3963 11th St Riverside 92501
Call For Free Consultation
(951) 328 – 1190
Email address
Randall.Hord@RaymondJames.com
And it has to do with what your earning on your savings…
3963 11th St Riverside 92501
(951) 328 – 1190
Randall.Hord@RaymondJames.com
If not, then maybe you should.
The Federal Reserve has been raising interest rates all year and one advantage for us as consumers is bank CD rates have gone through the roof.
Over the past couple months I have been buying bank CD's for our clients, most have been for 1 year, and we have been getting rates in the 4.5% to 4.8% range.
We have access to an inventory of banks from all over the country to choose from so we can pick the best rates available.
Of course all our banks are FDIC insured and we make sure that we don’t go over the FDIC insurance limits of $250,000 for each institution.
If your account is in the name of your Trust, the FDIC insurance is based on the amount of beneficiaries (2 beneficiaries = $500,000 limit).
When your investing millions of dollars with us in CDs, we simply buy CD’s from multiple banks, each carrying it’s own individual FDIC insurance.
Requires minimum purchased of $10,000. Rates expressed as annual percentage yield (APY) as of 12/16/2022. In most cases, early withdrawal may not be permitted; however, CDs can be liquidated in the secondary market subject to market conditions. APY may reflect a current market discount. Subject to availability. Yield and market value will fluctuate with changes in market conditions.
Please contact your Financial Advisor for complete information about brokered CDs, including charges and expenses.
Part of our job at Raincross Financial Partners is to act as a coordinator between your other professional services, and provide an overall analysis between all your existing plans that are held with other service professionals. These types of plans might include things such as family trusts, estate plans, insurances, annuities, corporate retirement plans, etc. Our job is to provide you a holistic picture and help ensure that all your products, whomever they are with, are working cohesively toward achieving your goals.
Everyone always wonders if they can afford a financial professional. You’d be surprised to learn that the answer to that question is typically, “yes”. The person that matters most in your retirement planning is you. And no matter what stage you’re in – early in your career, actively contemplating retirement or already retired – we’re here to help. Contact us for a free consultation.
Executives at publicly traded companies face many unique challenges when managing their personal financial plans. The individuals are often so consumed by the demands of their occupations that they are unable to dedicate the necessary focus to their personal financial situations.
Our team specializes in providing consulting services to successful corporate executives on a variety of issues that are unique to their situations.
Careful planning throughout the year can assist you in reducing the taxes you pay – as well as help you achieve your financial goals. We’ll brief you on things like current tax rates, credits, deductions and related considerations that may apply to you.
Income tax planning should not be done in isolation, but instead should be driven by your overall financial goals and integrated with your total financial plan. By developing and implementing appropriate strategies to lessen or shift current and/or future tax liabilities, you can improve your prospects of meeting both long- and short-term objectives. For example, accurately projecting your income taxes can help you determine the cash flow available to you in the coming year.
Keep in mind that tax laws are often complex and frequently change. As a consequence, you should be sure to consult the appropriate professional before making investment and/or tax decisions.
As an essential part of financial planning, life insurance can help replace income that would be lost upon your death. It can also help ensure that dependents are not burdened with significant debt, affording them financial security in a difficult time. Choosing the right type of insurance requires careful consideration of the investment objectives, risks, charges and expenses. We will help you evaluate these things and set you up with a plan that’s right for you. We offer term, whole, universal or variable life plans.
Variable annuities offer a remarkable combination of tax-advantaged growth opportunities and protection including:
My role of as an asset manger has a dual mandate – to work towards the appreciation of your assets over time while mitigating risk. This is done through determining what investments to make, or avoid, that will grow your portfolio. Rigorous research is conducted on my end, utilizing both macro and micro analytical tools including: statistical analysis of the prevailing market trends, interviews with company officials, and anything else that would aid in achieving the stated goal of client asset appreciation.
We believe bonds can play an important role in a well-diversified portfolio. Bonds can provide predictable income and, most important, principal protection. Also bonds may help minimize overall volatility.
By purchasing stock, you are actually paying for a small percentage of everything the company owns. Generally, investors purchase stock to realize capital gains.
Mutual funds are a way of multiplying your purchasing power and diversify your holdings. In order to find one that’s right for you, you’ll need to understand the following terms: open-end and closed-end funds, ETF funds, load and no-load funds.
Like investment planning, estate planning should start with identifying and prioritizing your goals. For many attorneys who establish estate plans, reducing taxes takes precedence over any other objective. However, a financial advisor’s job is to not let tax considerations run the estate planning show. After all, you have plenty of other reasons to address estate planning, including:
Therefore, we’re here to help you assess whether an estate plan crafted by your attorney lines up with your financial goals.
With many college savings plans available, it is critical to choose the one that’s appropriate for you. Selecting the wrong plan – or not investing properly within the right one – can prohibit you from maximizing your savings. That’s why we’re here to guide you through some of the issues that need to be considered before selecting a plan, such as:
In life, we pass through several phases, each with different financial requirements. The financial needs of a young married couple are not the same as those of a retired couple. That’s why continuous, long-term planning is essential. Typically, there are three basic financial steps most people take in life. They include:
In addition to the complexities and changing priorities that occur over a lifetime, a financial plan also is affected by fluctuating economic conditions, taxes and inheritance laws. We have the expertise to thoughtfully design a plan with your circumstances in mind, helping you develop a long-term financial strategy for your individual needs.
Many do-it-yourself investment platforms may seem like a great idea initially. They’re simple and relatively easy to start. But, when markets fluctuate and inevitable investment questions arise, having a real person to talk to, someone with whom you’ve developed a relationship and knows the ins and outs of your life, is PRICELESS. This is the type of person you want to contact, not a stranger at the other end of a 1-800 number. It’s important to work with someone you trust and who can address your fears, speak into your uncertainties, provide feedback and advice, or answer your pertinent questions.