About Russell Harris

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So far Russell Harris has created 84 blog entries.

Your IRA and Your Legacy | Retirement Saving Strategy

Individual retirement accounts can play a valuable role in the estate planning process Individual retirement accounts (IRA) are a cornerstone of many people’s retirement savings strategy, and for good reason: The ability to contribute pre-tax income—and to defer taxes until you start making withdrawals—means your savings can potentially grow more quickly than they could in a taxable account. But there’s more to IRAs than tax advantages for retirement savings. In fact, IRAs can play a valuable role in estate planning, offering powerful tax benefits to both you and your heirs [...]

By |2024-01-30T19:40:18-05:00June 15, 2020|Financial Planning, Investments, Retirement Planning|

Keeping Emotions at Bay During Virus Volatility

Fear, uncertainty, volatility, panic—these emotions are nothing new to the world of investing. In fact, they seem to reappear on a fairly consistent basis. The outbreak of Covid-19 has brought them back with a vengeance, but wise investors know how to stay the course, keep their emotions in check, and take advantage of new opportunities. Crises Are an Expected Part of the Economy Throughout stock market history, market bubbles and crashes have been regular occurrences, either leading or lagging other events. Since 1957, there have been 12 bear markets. Every [...]

By |2024-01-30T19:40:28-05:00May 12, 2020|Of Interest|

4 Tips for Navigating the Coronavirus Crash | Stock Market

When stock markets experience sudden downturns, investors can feel anxious and make decisions detrimental to their long-term goals. After all, when you’ve worked hard for the money, it’s painful to see your account balances drop. This is a natural reaction, even with savvy investors who’ve experienced market volatility before. These extremes are enough to test your nerves. Now is not the time to panic and change your investment strategy. This is the time to stay level-headed, maintain perspective, and focus on the long-term. We recommend the following four strategies to [...]

By |2024-01-30T19:40:40-05:00April 3, 2020|Economic Insights, Investments|

Retirement Enhancement (SECURE) Act | Saving Your Retirement

On December 20th, 2019, the Setting Every Community Up for Retirement Enhancement (SECURE) Act became law. As the name implies, this law intends to make it easier for Americans to save for retirement. Though this may sound simple enough, as with most laws, the reality is far more complex. The SECURE Act includes changes that affect everyone from beneficiaries of retirement accounts to those with student loans, but the SECURE Act is most likely to affect those either approaching retirement or recently retired. Your unique financial situation will dictate exactly [...]

By |2024-01-30T19:40:52-05:00February 27, 2020|Financial Planning, Retirement Planning|
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