People who don’t like risk like a sure thing.  When presented with two options on returns,  the first being a chance to make $8 by giving up $2, or the chance to make $5 by giving up nothing, most people would choose the second option.  This choice involves less risk.  Some people enjoy risk and would take the first option, but we’re not talking about risk-tolerance, we’re talking about people who avoid risk altogether.  Indexed annuities were built to cater to people who are risk-averse rather than those who are risk-tolerant.

In the first part of this series on indexed annuities, we discussed key terms to know when researching these products and what they mean for you.  For this second part, we’ll discuss examples of performance returns and calculations and the risks involved in these products. (more…)

If you are woefully behind on saving for retirement, then try to delay gratification on purchases, save your raises and pay off credit cards, financial experts say.

A national survey out Tuesday shows that about 36% of workers have less than $1,000 in savings and investments that could be used for retirement, not counting their primary residence or defined benefits plans such as traditional pensions, and 60% of workers have less than $25,000. (more…)

CPS Investment Advisors Moves!

Posted on February 16, 2015 in

CPS Investment Advisors moves to downtown Lakeland!

CPS Investment Advisors has moved to its new downtown location at The CPS Financial Center. The new address is: 

205 East Orange Street
Lakeland, FL, 33801

Our fax number has also changed to: (888) 972-5548

Please come see the new building!

Nolen Bailey of CPS Investment Advisors has now received the top two designations in 401(k) planning. Nolen now possess the following designations:

CRPS – Chartered Retirement Plan Specialist (through the College for Financial Planning)

ARPC – Accredited Retirement Plan Consultant (through the Society for Professional Asset-Managers and Record Keepers)

Chas P. Smith honored T. Boone Pickens with a degree from Florida Southern College for entrepreneurship and philanthropy in September of 2014. T. Boone Pickens spoke and answered questions from a panel of students.

Quarter One, 2015 Newsletter

Posted on January 20, 2015 in

Retirement Distribution Pitfalls: Not Reinvesting RMDs You Don’t Need

Accumulation is a key facet of reaching your retirement goals. However, we tend to see far less about portfolio drawdown, or decumulation—the logistics of managing a portfolio from which you’re simultaneously extracting living expenses during retirement. This can be even more complicated than accumulating assets.

Pitfall: One of the big mistakes of retirement distribution can be not reinvesting RMDs you don’t need. Retirees may experience a situation where the amount they must withdraw from 401(k)s and IRAs for required minimum distributions can take them over their desired distribution threshold. The RMD rules require that people initially withdraw less than 4% of assets at age 70 1/2, but distributions can quickly step up into the 5%, 6%, and 7% range. (more…)

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