Studies show that baby-boomers can expect to spend more time caring for aging parents than raising children. Order your free copy today!
Stacey Wall, President & CEO, was recently recognized by the Mississippi Business Journal as one of the 2013 Leaders in Finance in the state of Mississippi. Stacey, along with Beth McGaugh, CFO, and Jana Parrish, EVP, Compliance, founded Pinnacle Trust in 1997.
Greg Vaughn, a CPA at Barlow Walker in Brandon, MS, said something very important about saving money no matter your age. He told me, “If you can measure it, you can manage it.” We must help our children learn to “compartmentalize” and manage money. The immediate consequence of not teaching our children to manage their money is a habit that forms where our children regard their allowance as money they can spend on things like video games, toys, junk food, etc. It is not a realistic view on money. The delayed consequence of not teaching our children to manage their money is rather severe. As adults, if they treat their paychecks the way they treated their allowances they will be in real trouble.
If you need a speaker for your next event, check out these current topics from Pinnacle Trust:
Congratulations to Jim Petersen! Jim was recently voted "Best of Madison County: Rising Star". We're proud to have Jim as part of our team. Jim is pictured here with his wife, Paige, and Chuck Gautier, Madison County Chamber of Commerce's President of the Board.
Between 1982 and 2000, the Dow Jones Industrial Average increased from roughly 777 to 11,722, or a 1,500% gain. Investing was easy; buy stocks and watch them go up. Investors weren’t worried about risk and asset allocation - just which stock or fund was hot at the moment. Fast forward through 2000-2003 when the tech bubble busted and 2007-2009 when the U.S. credit bubble imploded. Today’s investors have now seen two of the worst bear markets in the history of our country. While no one knows what the future holds, it is certain that the past decade has changed the way that investors think about risk, return and asset allocation.
Stacey Wall was recently a featured speaker at ZIP39's CEO Forum sponsored by the Madison County Chamber of Commerce.
Dacia Malone has joined Pinnacle Trust as an Advisor Assistant. Dacia graduated from the University of Southern Mississippi with a Bachelor of Science in Elementary Education. She received her Master of Education in Elementary Education from Delta State University. While attending USM, Dacia mentored students at the DuBard School for Language Disorders. Additionally, she participated in an organization that helped tutor underprivileged children in an after school program.
After 16 days of a government shutdown, Congress finally reached a compromise at the last hour to avert going through the debt ceiling. The Dow rallied over 200 points at its highest levels on Wednesday on news that a compromise was imminent. Had Congress not reached a compromise to raise the debt ceiling, it likely would have caused panic in the stock markets and an adverse affect on bond markets. Because of this, we were confident that a deal would get done.
Are you saving enough? Most Americans are not saving near enough for a comfortable retirement. A number of large investment managers suggested that investors simply use rules of thumb (i.e. - 8x income) to determine what they will need to save for a comfortable retirement. It is important to note that simple rules of thumb do not work for many people. When planning for retirement, income uncertainty can be substantial, so a one-size-fits-all solution is unlikely to work.