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Advisors May Make More Money for their Clients

LOS ANGELES, CA, UNITED STATES, August 26, 2022 /EINPresswire_ / -- Harris & Associates, A Registered Investment Advisor, declares better investment gains are often earned when people hire a pro.

Research results show working with a financial advisor may bring people more confidence about their finances and may result in more money to spend in retirement. So, wondering whether to hire a professional wealth manager or financial advisor, look closely at the research.1

Behavioral Finance clearly reveals that hunter-gatherer brains have a natural tendency that is ill-suited to successful investing.2 People continually do the wrong thing when left to their own devices. Problematic behavior includes Anchoring [think—hanging on to a bad investment, hoping it will get back to the original investment], Herd Behavior [think—lemmings who follow each other over a cliff], Emotional Gap [think—letting your feelings rule over rational investment decisions], and more.

A trustworthy financial advisor may help people make more rational decisions and avoid self-destructive financial mistakes. Moreover, advisors generally encourage their clients to save more, budget their spending and focus on better investments with safety and long-term appreciation.

What about cost? Good advice may come at a price. Free strategies off the internet or from some canned program may help. But such ideas may not apply as expected and often may do more harm than good. Choose a fiduciary advisor who is committed to always acting in client’s best interests. Interview 2 or 3, picking the one who best fits the desired situation, client personality, and needs.

A good advisor may be worth every penny.

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1 In the Voya Retirement Revealed1 study of 4,050 working Americans, just 28% of study respondents work with a financial advisor. And yet working regularly with a financial advisor can have a profoundly positive end result on retirement and investment behaviors, actions, confidence and results. All data in this report were revealed in that study.1 Partnering with ORC International, The Voya Retirement Research Institute examined attitudes and activities of 4,050 adults age with a household income of $40,000 or higher, who were employed full time. Data gathering via an online panel took place in the Fall of 2011.

2 Investopedia - “What is Behavioral Finance?” May 24, 2022. Adam Hayes https://www.investopedia.com/terms/b/behavioralfinance.asp#:~:text=Behavioral%20finance%20is%20an%20area,the%20influence%20of%20psychological%20biases

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Disclosure:

D.L. Harris & Associates Insurance Services, Inc. dba Harris & Associates is a Registered Investment Adviser (“Harris & Associates”). This article is solely for informational purposes. Advisory services are only offered to clients or prospective clients where Harris & Associates and its representatives are properly licensed or exempt from licensure. Past performance is no guarantee of future returns. Investing involves risk and possible loss of principal capital. No advice may be rendered by Harris & Associates unless a client service agreement is in place.

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Harris & Associates

Harris & Associates is an independent Registered Investment Advisor and Financial Planning firm focused on delivering ethical advice and personalized advice and plans to all our clients. They are located in the heart of Manhattan Beach where they have been providing solutions to residents of Los Angeles and the South Bay community for over 25 years.

Harris & Associates focuses on their strengths and those who can benefit most from them. Although they specialize in Investment Management, Insurance Consulting, Executive Benefits, and Asset Protection, their true value lies in their experience in providing truly objective advice and fostering deep relationships with their clients through their unique hands-on service.

It is through these relationships and the building of trust that Harris is able to guide their clients to favorable results in all areas of their financial life from taxes to home purchases to retirement planning. They understand that life is unpredictable and circumstances change. Harris & Associates provides clients with ongoing guidance.


Increase Your Taxes Once and For All

LOS ANGELES, CA, UNITED STATES, July 13, 2022 /EINPresswire.com/ -- Harris & Associates, a Registered Investment Advisor, reveals a long-term retirement income tax reduction strategy.

While no one likes to pay taxes, how would it be to pay taxes one time, and grow investments into the future with no tax ever again? Under current low tax rates, investors have a unique opportunity to pay the inevitable tax on Traditional IRA, SEP IRA, and Rollover IRA assets at a lower rate once and for all.

Think of it this way. Every year earnings in IRAs must eventually be split with the Federal and State governments. How would it be to dump that obligation? Today it can be done at historically low tax rates, plus have all future ROTH IRA earnings escape taxes completely. How is this possible?

Simply pay taxes one time by converting IRA assets to Roth.

Current tax rates are historically low. In IRAs each dollar earned must be taxed, losing 25 cents or so depending on the taxpayer’s relevant tax bracket. In a Roth, each dollar earned pays no tax. This means, for example, that instead of earning a dollar and having 75 cents or so after tax, a Roth IRA delivers 100 cents with no tax. That’s 133% more money!

The sooner this happens the better. However, if the IRA has substantial dollars, converting an entire account may cause a tax rate in the highest tax bracket. Instead, smaller annual conversions may keep taxes in the 24% bracket or lower. This way in a few years, all assets may be converted to Roth. Plus, Roth IRAs have no required minimum distribution [RMD] requirements.

This seems like an obvious good strategy. However, most CPAs and tax preparers rarely suggest this strategy. Despite the clear logic of long-term tax reduction and enhanced accumulation of retirement funds, tax preparers are programmed to lower taxes. For them to intentionally pay more tax, just feels wrong.

Nevertheless, if there is money to pay the tax, this may be the ultimate long-term retirement income tax reduction strategy.

Learn more about Roth conversions by contacting a Wealth Advisor at HARRIS & ASSOCIATES

CONTACT: Jennifer Pangelinan
505 N. Sepulveda Blvd., Suite 5 Manhattan Beach, CA 90266-6743
Phone (310) 318-3700 Fax (310) 318-3766
Toll-Free 888-50-INVEST (888) 504-6837
Website: www.harrisadvisory.com
CA Insurance Lic #0826411

Disclosure:
D.L. Harris & Associates Insurance Services, Inc. dba Harris & Associates is a Registered Investment Adviser (“Harris & Associates”). This brochure is solely for informational purposes. Advisory services are only offered to clients or prospective clients where Harris & Associates and its representatives are properly licensed or exempt from licensure. Past performance is no guarantee of future returns. Investing involves risk and possible loss of principal capital. No advice may be rendered by Harris & Associates unless a client service agreement is in place.

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Harris & Associates

Harris & Associates is an independent Registered Investment Advisor and Financial Planning firm focused on delivering ethical advice and personalized advice and plans to all our clients. They are located in the heart of Manhattan Beach where they have been providing solutions to residents of Los Angeles and the South Bay community for over 25 years.

Harris & Associates focuses on their strengths and those who can benefit most from them. Although they specialize in Investment Management, Insurance Consulting, Executive Benefits, and Asset Protection, their true value lies in their experience in providing truly objective advice and fostering deep relationships with their clients through their unique hands-on service.

It is through these relationships and the building of trust that Harris is able to guide their clients to favorable results in all areas of their financial life from taxes to home purchases to retirement planning. They understand that life is unpredictable and circumstances change. Harris & Associates provides clients with ongoing guidance.


Dave Harris, of Harris & Associates, Examines Wall Street's Bear Market Crash

LOS ANGELES, CA, UNITED STATES, June 17, 2022 /EINPresswire.com/ -- Big swings have become commonplace on Wall Street. Most stocks bounced up Tuesday in their first trading after tumbling into a bear market Monday on worries that high inflation would push central banks to clamp the brakes too hard on the economy. The Federal Reserve has signaled it will aggressively raise interest rates to try to control inflation, which is the highest in decades. Throw in the war in Ukraine and a slowdown in China’s economy, and investors have been forced to reconsider what they’re willing to pay for a wide range of stocks, from high-flying tech companies to traditional automakers. Big swings have become commonplace and Monday was no exception.

Dave Harris1, Owner of Harris & Associates2,  states, "Bear markets are a natural part of market behavior. A drop of 20% or more from a recent high defines the bear market. Active traders have been adjusting since the 5% drop in November. Passive traders and most retail or 401k investors suffer the most because they don’t manage their accounts. They become aware of when they have lost significant value in their investments."

The last bear market happened just two years ago, but this is still a first for those investors who got their start trading on their phones during the pandemic. Thanks in large part to extraordinary actions by the Federal Reserve, stocks have for years seemed to go largely in only one direction: up. But the “buy the dip” rallying cry popular after every market slide has grown fainter — a recent rebound in stock prices was wiped out by a furious bout of selling over the past four days.

Harris continues, "Investment managers fall into the entire spectrum, from do-nothing types using evergreen portfolios designed to reduce volatility and weather all kinds of markets, to aggressive active managers who use inverse investments, options, and other devices to actually make money in a down bear market."

A bear market is a term used by Wall Street when an index such as the Standard & Poor’s 500, the Dow Jones industrial average, or even an individual stock, has fallen 20% or more from a recent high for a sustained period of time.

Why use a bear to represent a market slump? Bears hibernate, so bears represent a market that’s retreating, said Sam Stovall, chief investment strategist at CFRA. In contrast, Wall Street’s nickname for a surging stock market is a bull market, because bulls charge, Stovall said.

"Who do you trust with your money? If you are afraid to look at your portfolio, perhaps you need a money manager who will actively protect and grow your money," concludes Harris.

Contact Harris & Associates to see qualifications for their investment advisory program here.

CONTACT: Jennifer Pangelinan
505 N. Sepulveda Blvd., Suite 5
Manhattan Beach, CA 90266-6743
Phone (310) 318-3700 Fax (310) 318-3766
Toll-Free 888-50-INVEST (888) 504-6837
Website: www.harrisadvisory.com
CA Insurance Lic #0826411

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Disclosure: D.L. Harris & Associates Insurance Services, Inc. dba Harris & Associates is a Registered Investment Adviser (“Harris & Associates”). This brochure is solely for informational purposes. Advisory services are only offered to clients or prospective clients where Harris & Associates and its representatives are properly licensed or exempt from licensure. Past performance is no guarantee of future returns. Investing involves risk and possible loss of principal capital. No advice may be rendered by Harris & Associates unless a client service agreement is in place.

You must receive and read our Form ADV Part 2. No advice may be given outside the states where we are registered, and then only after a Client Services Agreement is in place.

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Harris & Associates

Harris & Associates is an independent Registered Investment Advisor and Financial Planning firm focused on delivering ethical advice and personalized advice and plans to all our clients. They are located in the heart of Manhattan Beach where they have been providing solutions to residents of Los Angeles and the South Bay community for over 25 years.

Harris & Associates focuses on their strengths and those who can benefit most from them. Although they specialize in Investment Management, Insurance Consulting, Executive Benefits, and Asset Protection, their true value lies in their experience in providing truly objective advice and fostering deep relationships with their clients through their unique hands-on service.

It is through these relationships and the building of trust that Harris is able to guide their clients to favorable results in all areas of their financial life from taxes to home purchases to retirement planning. They understand that life is unpredictable and circumstances change. Harris & Associates provides clients with ongoing guidance.


Harris & Associates Makes Clients Money in a Down Market

LOS ANGELES, CA, UNITED STATES, May 11, 2022 /EINPresswire.com/ -- Harris & Associates, a Registered Investment Advisor, creates strategies that protect clients from volatility and even gain a few dollars in a down market.

With interest rates on the rise, and equities shedding significant value, most investors may be feeling nervous about their retirement and capital investments. However, it doesn’t have to be so.

While many advisors collect a fee and remain passive in managing client assets, Harris & Associates is an active manager. Of course, actively managing client portfolios is not a panacea. During down markets, many active managers move clients to more short-term bonds and other low-yield income positions. They buy ‘defensive’ equities such as utilities, health care, and commodities. But, in this market, those defensive positions have suffered substantial losses right along with technology and other more aggressive sectors.

May 5th was a “cliff drop” after the rally the day before when the Fed announced its 50-basis point increase in interest rates. Here are three May 5, 2022 end of day Financial Indexes: (reference graph 1)

How would people like to see their May 5th portfolio basically flat and stable, with a little gain like this? (reference graph 2)

Contact Harris & Associates to see qualifications for their investment advisory program here.

CONTACT: Jennifer Pangelinan
505 N. Sepulveda Blvd., Suite 5
Manhattan Beach, CA 90266-6743
Phone (310) 318-3700 Fax (310) 318-3766
Toll-Free 888-50-INVEST (888) 504-6837
Website: www.harrisadvisory.com
CA Insurance Lic #0826411

Disclosure:

D.L. Harris & Associates Insurance Services, Inc. dba Harris & Associates is a Registered Investment Adviser (“Harris & Associates”). This article is solely for informational purposes. Advisory services are offered to clients or prospective clients where Harris & Associates and its representatives are properly licensed or exempt from licensure. Past performance is no guarantee of future returns. Investing involves risk and possible loss of principal capital. No advice may be rendered by Harris & Associates unless a client service agreement is in place.

You must receive and read our Form ADV Part 2. No advice may be given outside the states where we are registered, and then only after a Client Services Agreement is in place.

-----

Harris & Associates

Harris & Associates is an independent Registered Investment Advisor and Financial Planning firm focused on delivering ethical advice and personalized advice and plans to all our clients. They are located in the heart of Manhattan Beach where they have been providing solutions to residents of Los Angeles and the South Bay community for over 25 years.

Harris & Associates focuses on their strengths and those who can benefit most from them. Although they specialize in Investment Management, Insurance Consulting, Executive Benefits, and Asset Protection, their true value lies in their experience in providing truly objective advice and fostering deep relationships with their clients through their unique hands-on service.

It is through these relationships and the building of trust that Harris is able to guide their clients to favorable results in all areas of their financial life from taxes to home purchases to retirement planning. They understand that life is unpredictable and circumstances change. Harris & Associates provides clients with ongoing guidance.


Continuity Risk May Sink an Owner's Business

LOS ANGELES, CA, UNITED STATES, April 19, 2022 /EINPresswire.com/ -- Harris & Associates, a Registered Investment Advisor, warns small businesses they face huge continuity risks coming out of the pandemic.

2021 may have seen many disruptions in employee retention and operations disasters, but the result is many business owners have learned; that it is not only natural disasters that may put them out of business. The great resignation alone has proven that more needs to be done to retain key employees and provide for stable operations.

Why do business owners neglect business continuity planning? Simply because their first concern is revenue! Without sufficient income, the business will fail anyway. Next is operations. The business must be able to provide value and do so efficiently if it is to grow and survive. And of course, getting those two challenges done right takes most business owners’ full bandwidth.

So, shoring up the business operations with risk mitigation naturally takes a back seat. While most business owners do buy fire insurance and carry liability coverage, they generally don’t think about the intangible risks involved with their key employees, essential operations, and even their own ability to manage the business.

Moreover, when you step back, the whole purpose of running a business is to generate income, accumulate wealth, and generate resources for the business owner, employees, and their families. Continuity planning not only mitigates risk, but it may also go a long way toward meeting the primary goal of wealth generation.

So, Harris & Associates CEO David Harris says, “Business owners have to step back from the urgent and address the important task of Continuity Planning. Once a business has met the two most important goals of sufficient revenue and efficient operations, it is time to ensure continued growth and increased profit.” Sadly, just when many businesses begin to flourish, some random loss of a key person, death of a partner, or an owner’s disability may destroy the bright future many stakeholders were counting on for their future life goals.

See how one might secure a business’ future with simple low-cost business continuity plans. Make business profit count by contacting a Wealth Advisor.

CONTACT: Jennifer Pangelinan
505 N. Sepulveda Blvd., Suite 5
Manhattan Beach, CA 90266-6743
Phone (310) 318-3700 Fax (310) 318-3766
Toll-Free 888-50-INVEST (888) 504-6837
Website: www.harrisadvisory.com
CA Insurance Lic #0826411

Disclosure:

D.L. Harris & Associates Insurance Services, Inc. dba Harris & Associates is a Registered Investment Adviser (“Harris & Associates”). This article is solely for informational purposes. Advisory services are offered to clients or prospective clients where Harris & Associates and its representatives are properly licensed or exempt from licensure. Past performance is no guarantee of future returns. Investing involves risk and possible loss of principal capital. No advice may be rendered by Harris & Associates unless a client service agreement is in place.

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Harris & Associates

Harris & Associates is an independent Registered Investment Advisor and Financial Planning firm focused on delivering ethical advice and personalized advice and plans to all our clients. They are located in the heart of Manhattan Beach where they have been providing solutions to residents of Los Angeles and the South Bay community for over 25 years.

Harris & Associates focuses on their strengths and those who can benefit most from them. Although they specialize in Investment Management, Insurance Consulting, Executive Benefits, and Asset Protection, their true value lies in their experience in providing truly objective advice and fostering deep relationships with their clients through their unique hands-on service.

It is through these relationships and the building of trust that Harris is able to guide their clients to favorable results in all areas of their financial life from taxes to home purchases to retirement planning. They understand that life is unpredictable and circumstances change. Harris & Associates provides clients with ongoing guidance.



Sharp Rise in Private Pension Products in 2021

LOS ANGELES, CA, UNITED STATES, March 10, 2022 /EINPresswire.com/ -- Harris & Associates, a Registered Investment Advisor, announced a sharp rise in Private Pension, “Cash Accumulation and Income,” products.

2021 may have seen many disruptions in the economy, but the sale of Private Pension products at H&A rose by 241% last year. On a dollar basis, clients spent nearly 5 times as much in 2021 as they did in 2020.

These little-known vehicles for building tax-free accumulation offer tax-free income and annual growth at market rates. While many securities representatives may be able to sell these products, investors should only deal with advisors who are experts in designing and issuing these investments.

Harris & Associates has helped clients since 1992 with these special vehicles for tax-free accumulation. The owner of a Private Pension product may draw tax-free income during their lifetime or pass the value on as a tax-free inheritance if they choose.

People may learn more about how a Private Pension product might be a part of their long-term accumulation strategy by contacting a Wealth Advisor.

CONTACT: Jennifer Pangelinan
505 N. Sepulveda Blvd., Suite 5
Manhattan Beach, CA 90266-6743
Phone (310) 318-3700 Fax (310) 318-3766
Toll-Free 888-50-INVEST (888) 504-6837
Website: www.harrisadvisory.com
CA Insurance Lic #0826411

Disclosure:

D.L. Harris & Associates Insurance Services, Inc. dba Harris & Associates is a Registered Investment Adviser (“Harris & Associates”). This article is solely for informational purposes. Advisory services are offered to clients or prospective clients where Harris & Associates and its representatives are properly licensed or exempt from licensure. Past performance is no guarantee of future returns. Investing involves risk and possible loss of principal capital. No advice may be rendered by Harris & Associates unless a client service agreement is in place.

-----

Harris & Associates

Harris & Associates is an independent Registered Investment Advisor and Financial Planning firm focused on delivering ethical advice and personalized advice and plans to all our clients. They are located in the heart of Manhattan Beach where they have been providing solutions to residents of Los Angeles and the South Bay community for over 25 years.

Harris & Associates focuses on their strengths and those who can benefit most from them. Although they specialize in Investment Management, Insurance Consulting, Executive Benefits, and Asset Protection, their true value lies in their experience providing truly objective advice and fostering deep relationships with their clients through their unique hands-on service.

It is through these relationships and the building of trust that Harris is able to guide their clients to favorable results in all areas of their financial life from taxes to home purchases to retirement planning. They understand that life is unpredictable and circumstances change. Harris & Associates provides clients with ongoing guidance.


Beware of Inflationary Profits

Beware of Inflationary Profits

LOS ANGELES, CA, UNITED STATES, February 3, 2022 /EINPresswire.com/ -- Harris & Associates, A Registered Investment Advisor, declares 2021 extraordinary profits to be inflationary.

In business, we all want higher profits. The remainder from revenue after overhead and the costs of doing business should be positive and the more the better. Profit is money made. It’s a good thing, right?

But in the fourth quarter and the year 2021, profits were not only good, but they were also over the top. Some might conclude they were despicable. “Fourth-quarter earnings for the S&P 500 are expected to be up 22.4%," according to Refinitiv [2021]. "...Overall earnings will be up approximately 49%.”

Put December’s 7% inflation figure in the recipe, and it makes you wonder if such profits may be a major component of current inflation.

Demand has been unusually strong, while supplies were down. Companies large and small were worried about staying in business. They faced challenges on every front from raw materials, transportation, and labor to market dislocations and pivoting to online sales and service. When they raised prices in an attempt to stay in business, buyers were more than willing to pay and often competed to be served.

In 2022 such profit levels are likely unsustainable. This country should expect “reversion to the mean,” or lower profits. More normal profit levels would still be good. Estimates are for quarterly profits in 2022 fall to the high single-digits early or perhaps get as high as 14.3% in Q4, according to the article cited above.

So, it’s important to see the economy as a whole. While some of us may be struggling with higher prices, a large portion of the national economy has more than enough money to pay. To make sure this goal is hit nationally, Harris & Associates helps individuals and companies plan and meet their income and spending needs.

CONTACT: Jennifer Pangelinan
505 N. Sepulveda Blvd., Suite 5
Manhattan Beach, CA 90266-6743
Phone (310) 318-3700 Fax (310) 318-3766
Toll Free 888-50-INVEST (888) 504-6837
Website: www.harrisadvisory.com
CA Insurance Lic #0826411

Disclosure:

D.L. Harris & Associates Insurance Services, Inc. dba Harris & Associates is a Registered Investment Adviser (“Harris & Associates”). This article is solely for informational purposes. Advisory services are offered to clients or prospective clients where Harris & Associates and its representatives are properly licensed or exempt from licensure. Past performance is no guarantee of future returns. Investing involves risk and possible loss of principal capital. No advice may be rendered by Harris & Associates unless a client service agreement is in place.

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Harris & Associates

Harris & Associates is an independent Registered Investment Advisor and Financial Planning firm focused on delivering ethical advice and personalized advice and plans to all our clients. They are located in the heart of Manhattan Beach where they have been providing solutions to residents of Los Angeles and the South Bay community for over 25 years.

Harris & Associates focuses on their strengths and those who can benefit most from them. Although they specialize in Investment Management, Insurance Consulting, Executive Benefits, and Asset Protection, their true value lies in their experience providing truly objective advice and fostering deep relationships with their clients through their unique hands-on service.

It is through these relationships and the building of trust that Harris is able to guide their clients to favorable results in all areas of their financial life from taxes to home purchases to retirement planning. They understand that life is unpredictable and circumstances change. Harris & Associates provides clients ongoing guidance.


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1Pisani, Bob TRADER TALK: Profits for S&P 500 companies rose 22% in the fourth quarter and nearly 50% in 2021, estimates show. Published Thu, January 13, 7:05 AM EST. CNBC - https://www.cnbc.com/2022/01/13/profits-for-sp-500-companies-rose-22percent-in-the-fourth-quarter-and-nearly-50percent-in-2021-estimates-show.html