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There’s no shortage of information today—about investing, financial planning, stocks and bonds, tax ideas, on and on. But there is a shortage of real communication. People understand that knowledge is not the same as wisdom. If you are concerned about your investments and financial security, look to our professionals for help.
Market Outlook Reports
On a quarterly basis, our SNB investment team of experts produce quarterly market outlook reports sharing their forecasts and assumptions to help you make wiser decisions on your investments. To be added to our quarterly email distribution, please email firstname.lastname@example.org.
Articles to Better Your Money Management
Do You Have a Decumulation Plan? Many Don’t.
According to a recent research study developed and conducted by PIMCO Investments, many savvy investors may be unprepared for their decumulation stage (when one’s portfolio must support ongoing spending) as they transition into and through retirement. Owners of a large retirement nest egg are often lulled into a false sense of security, incorrectly believing successful accumulation automatically assures successful decumulation.
There is a high degree of complexity and unpredictability in retirement spending. Despite this, many affluent and high net worth retirees feel relatively secure, perhaps overly so. More than four out of five survey respondents are confident or highly confident about their ability to meet their retirement spending needs. And like the view that most drivers view themselves as “above average” (even though it only takes a few minutes of driving behind these people around town to know that can’t be true!), respondents are also highly confident in their investing knowledge and skill, with 89% rating themselves as above-average investors.
Yet, more than half the respondents (55%) seem to have unrealistic and likely overconfident retirement spending plans. Nearly 20% have no specific plan for withdrawing from their savings and investments in retirement; but these investors are just as confident about meeting their retirement spending needs as those who do have a plan.
Investors face a far greater threat of failure in decumulation versus accumulation. This is because the sequence of returns matters more when retirees are spending down their asset base in retirement, creating a gravitational pull downward in account balances over time.
With retirement spending expected to last about three decades for most retirees, a thoughtfully designed, behaviorally compatible plan is critically important to avoid common retirement pitfalls and ensure the longevity of one’s assets. If you would like to schedule time to discuss your plan for retirement, give our advisors a call at 402-221-0183 or meet the team.
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What To Do With Your Old 401(k)
Have you recently changed jobs and are unsure of what this means for your 401(k) benefits from your old employer? Check out this article written by Security National Bank Wealth Advisor, Johnathon Gibb, CFA, for some helpful options.
2022 Mid-Year Economic Outlook
Thank you to all who joined us on June 15th for our investment services team's market analysis for 2022 and beyond. Watch the recorded presentation below.
2022 Economic Outlook
Thank you to all who joined us on January 13th for our investment services team's market analysis for 2022 and beyond. Watch the recorded presentation below.
Is 2022 a Year of Stagflation or Just Slow Growth?
Thank you to all who joined us in Dallas at our Security National Bank of Texas location for our investment services team's market analysis by Damian Howard, Vice President, Senior Investment Officer and Gary Ward, Texas Senior Vice President and Director of Trust Services. Have additional questions? Give an advisor a call or email.
2021 Mid-Year Economic Outlook
Thank you to all who joined us on July 14th for our expert investment services team's market analysis for 2021 and beyond. Watch the recorded presentation below.
Estate Planning for Retirement Assets
Learn about ways to develop your estate plan and watch-outs to be prepared for while achieving your financial goals and protecting your loved ones.
Keep yourself and your personal information safe. Instances of cyber attacks continue to be on the rise. As an organization, we are committed to protecting the integrity of your information at all times. Below is a useful reference guide to help you safeguard yourself and your personal information from potential attacks.
Investment and Insurance Products:
- Not FDIC Insured
- Not a Bank Deposit
- Not Bank Guaranteed
- May Lose Value
- Not insured by any Federal Government Agency