In this video, Michael provides a mid-year update on the economy.
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Using Client Access
In this video, Michael provides an overview of using Raymond James Client Access & reading your statements. For further assistance, please do not hesitate to contact our team for help.
Top DC Advisor Teams 2022
Michael Clark, Certified Financial Planner at Raymond James, made the National Association of Plan Advisors’ top advisor’s list for 2022.
“The NAPA Top DC Advisor Team list highlights the nation’s leading retirement plan advisor firms. Sure, we know it’s not just about the numbers – but the reality is that NAPA members are having a huge impact every single day, not just on the quality of retirement plan advice, but also in building a more financially secure retirement for millions of Americans.”
Source: https://www.napa-net.org/top-dc-advisor-teams-2022
The list is created and conducted by the National Association of Plan Advisors (NAPA), an affiliate organization of the American Retirement Association, a non-profit association. Established in 2017, nominees had to be individual advisor team/offices with a defined contribution book of business. Winners are ranked based upon self-reported defined contribution Assets Under Advisement (AUA) as of 12/31/22. To be considered, nominees had to submit responses to an application form, including information about their practices, notably their defined contribution (DC) assets under advisement (minimum of 100 million AUA). In 2022, there were approximately 422 submissions, and 418 were named to the list released on 3/16/2023. This ranking is not indicative of an advisor’s future performance, is not an endorsement, and may not be representative of an individual client’s experience. This ranking is not based in any way on the individual’s abilities in regards to providing investment advice or management. Neither Raymond James nor any of its financial advisors pay a fee in exchange for this ranking. Raymond James is not affiliated with NAPA or the American Retirement Association. Please see https://www.napa-net.org/top-dc-advisor-teams-2022 for more info.
3 Tips for 2023
Here are three quick tips from Michael Clark for starting the year off strong:
- Limits increased– If your goal is to max out what you can save in an IRA or 401k, the IRS has increased the amount that can be put into most retirement accounts for 2023. If you have automatic contributions going into them it may be worth reviewing to see if you need to increase those systematic investments to max out.
- College savings– 2023 may be a good year to beef up your college savings accounts. Whether it is for your kids or your grandkids, now may be a good time to add to those accounts with the market down. No one has a crystal ball but with the US stock market, international stock markets, and the bond market all being negative last year now seems like a good time to be adding to those accounts.
- Taxes– Taxes for individuals without an extension is April 18th this year. Although I don’t do taxes, my CPA and tax professionals would urge you to not wait until the last minute. Getting started on those when you can is usually better than waiting until the last minute.
History & Future of the Stock Market
In this workshop, Michael Clark looks back at the history of the Stock Market & discusses what 2023 has in store.