What is the Difference between a Broker and an Investment Advisor?20180422015030

What is the Difference between a Broker and an Investment Advisor?

AJ NorrisApril 22, 2018
A Broker acts as an intermediary between an investor and a securities dealer and is compensated through commissions. By law, a broker is prohibited from giving investment advice not incidental to a product they are selling. Recent court rulings have reconfirmed the necessity for ...
Norris Financial Group 401k Advantages20180422012847

Norris Financial Group 401k Advantages

AJ NorrisApril 22, 2018
Norris Financial Group® offers Advantages of plan sponsors and participants that can’t be found anywhere else.INDEPENDENCENorris Financial Group® is an independent Registered Investment Advisory firm in the state of South Carolina. As an independent advisor, NFG provides advantag...
Retirement Plan Is Key to Confidence, Survey Finds20150616153421

Retirement Plan Is Key to Confidence, Survey Finds

AJ NorrisJune 16, 2015
Retirement confidence is highest among workers who say they or their spouse have a retirement plan, such as a work-sponsored plan or an individual retirement account (IRA), reports the Employee Benefit Research Institute (EBRI). In its 2015 Retirement Confidence Survey, EBRI foun...
Optimizing Your Social Security Retirement Benefits20150506145328

Optimizing Your Social Security Retirement Benefits

AJ NorrisMay 6, 2015
What does it mean? Getting a good return on your investment Optimizing your Social Security retirement benefits means getting the best return possible on each dollar you’ve contributed to the system. Every pay period, you pay 6.2 percent of your salary in taxes that finance...
Retirement Plans for Small Businesses20150416153454

Retirement Plans for Small Businesses

AJ NorrisApril 16, 2015
As a business owner, you should carefully consider the advantages of establishing an employer-sponsored retirement plan. Generally, you’re allowed a deduction for contributions you make to an employer-sponsored retirement plan. In return, however, you’re required to i...
Social Security for all ages20150410132955

Social Security for all ages

AJ NorrisApril 10, 2015
For many U.S. Citizens, the Social Security System is a mystery. Social Security covers an estimated 96% of Americans. We don’t really think about our benefits until we are quickly approaching retirement. At this point you will begin to wonder how much you’re due, and when you ca...
Roth IRA Conversions20150326150603

Roth IRA Conversions

AJ NorrisMarch 26, 2015
With the lure of tax-free distributions, Roth IRAs have become increasingly popular retirement savings vehicles. According to the Investment Company Institute, 19.1 million U.S. households (about 15.6%) owned Roth IRAs in 2013....
What Is Inflation and Why Should You Care About It?20150317140509

What Is Inflation and Why Should You Care About It?

AJ NorrisMarch 17, 2015
Prices: Up, up and away Inflation occurs when there is more money circulating than there are goods and services to buy. The process is like trying to attend a sold-out concert at the last minute; there is more demand for tickets than there are tickets to go around. As a result, t...
Financial Survival After a Job Loss20150306131712

Financial Survival After a Job Loss

AJ NorrisMarch 6, 2015
You may have lost your job already, or it’s something you’re concerned about. Either way, the keys to surviving a job loss financially are to plan, take stock of your income, and cut your expenses....
Exchange-Traded Funds: Do They Belong in Your Portfolio?20150304153028

Exchange-Traded Funds: Do They Belong in Your Portfolio?

AJ NorrisMarch 4, 2015
Exchange-traded funds (ETFs) have become increasingly popular since they were introduced in the United States in the mid-1990s. Their tax efficiencies and relatively low investing costs have attracted investors who like the idea of combining the diversification of mutual funds wi...
The Benefits of Tax-Advantaged Savings Vehicles20150302154322

The Benefits of Tax-Advantaged Savings Vehicles

AJ NorrisMarch 2, 2015
Taxes can take a big bite out of your total investment returns, so it’s helpful to look for tax-advantaged strategies when building a portfolio.  But keep in mind that investment decisions shouldn’t be driven solely by tax considerations; other factors to consider inc...
Myths and Facts about Social Security20150225150201

Myths and Facts about Social Security

AJ NorrisFebruary 25, 2015
Myth: Social Security will provide most of the income you need in retirement. Fact: It’s likely that Social Security will provide a smaller portion of retirement income than you expect. There’s no doubt about it–Social Security is an important source of retireme...
Saving for College20150223164535

Saving for College

AJ NorrisFebruary 23, 2015
There’s no denying the benefits of a college education: the ability to compete in today’s competitive job market, increased earning power, and expanded horizons. But these advantages come at a price–college is expensive. And yet, year after year, thousands of st...
Changing Jobs? Take Your 401(k) and Roll It20150219152202

Changing Jobs? Take Your 401(k) and Roll It

AJ NorrisFebruary 19, 2015
If you’ve lost your job, or are changing jobs, you may be wondering what to do with your 401(k) plan account. It’s important to understand your options....
Setting and Targeting Investment Goals20150218120559

Setting and Targeting Investment Goals

AJ NorrisFebruary 18, 2015
Go out into your yard and dig a big hole. Every month, throw $50 into it, but don't take any money out until you're ready to buy a house, send your child to college, or retire.  It sounds a little crazy, doesn't it? But that's what investing without setting clear-cut goals is lik...
Should You Pay Off Your Mortgage or Invest?20150216192009

Should You Pay Off Your Mortgage or Invest?

AJ NorrisFebruary 16, 2015
Is it smarter to pay off your mortgage or invest your extra cash? Owning a home outright is a dream that many Americans share. Having a mortgage can be a huge burden, and paying it off may be the first item on your financial to-do list. But competing with the desire to own your h...
Retired or Near Retired… Market Risk Takes On a Whole New Meaning20150213145617

Retired or Near Retired… Market Risk Takes On a Whole New Meaning

AJ NorrisFebruary 13, 2015
Terry L. Norris, CFP®, CLU, ChFC President & Founder Norris Financial Group, LLC 864.235.6408 terry.norris@norrisfinancialgroup.com Often times we have heard the phrase, “What you don’t know can’t hurt you.” If you are retired or nearing retirement, what you don’t know or und...
Key Numbers for 2015: Tax Figures at a Glance20150211145244

Key Numbers for 2015: Tax Figures at a Glance

AJ NorrisFebruary 11, 2015
Taxes are never exciting unless you are getting a refund, even then, they are still a pain in the you know what. There are too many ever-changing numbers to remember, and in general, the tax code is way too complicated.  As an investment advisor I recommend taking a look at the n...
Inflation and Bonds: The Ups and Downs20150204221037

Inflation and Bonds: The Ups and Downs

AJ NorrisFebruary 4, 2015
The price/rate seesaw Inflation has an impact on most securities, but it can particularly affect the value of your bonds. Why? Because bond yields are closely tied to interest rates, and when interest rates and bond yields rise, bond prices fall....
US Misery Index20140919143347

US Misery Index

AJ NorrisSeptember 19, 2014
The Misery Index was created by Arthur Okun, an economist and adviser to President Lyndon Johnson. It is calculated by adding the unemployment rate to the inflation rate.  The concept is fairly simple – If inflation is rising, goods and services will cost more. &n...
Sequester Who?20130319031711

Sequester Who?

AJ NorrisMarch 19, 2013
It seems like just yesterday the news was filled with references to the fiscal cliff. Now, it is “sequestration.” Look for more political confrontation to unfold as the sequester gets under way. What exactly is sequestration? “Sequestration” refers to a se...
The Fiscal Cliff: What Exactly Does it Mean?20121113164311

The Fiscal Cliff: What Exactly Does it Mean?

AJ NorrisNovember 13, 2012
The Post-Election Agenda Today’s post-election political landscape looks a lot like the pre-election political landscape–President Obama will be working with a Democratically controlled Senate, and a Republican-controlled House of Representatives for a minimum of two ...
Selecting an Advisor20120524144418

Selecting an Advisor

AJ NorrisMay 24, 2012
SELECTING AN ADVISOR When selecting an advisor, there are some all important questions that need to be answered to ensure that you’re getting the most out of your hard work. – What are my advisor’s motives? – Am I investing in my future, or my advisor’s? &...
Advisor Selection20120422021930

Advisor Selection

AJ NorrisApril 22, 2012
During the bull market run of the 1990’s, any broker could’ve made you money, buy and hold anything and you’d most likely be satisfied with the result. However, as we all know, good things must come to an end. Now, in more volatile and uncertain markets, who is watching over your...
What is Active and Continuous Management?20120422020337

What is Active and Continuous Management?

AJ NorrisApril 22, 2012
By definition, active and continuous management means the advisor is overseeing accounts with regular and ongoing supervision. It also means the accounts will hold investments at any given time that the advisor feels appropriate to the investment conditions and the needs of the c...
Additional Details of our Investment Practice20120422020236

Additional Details of our Investment Practice

AJ NorrisApril 22, 2012
In our investment practice at Norris Financial Group®, accounts are supervised daily. Performance is measured daily in house and reported to the clients quarterly.  We do not utilize third party managers.  Instead we use in-house research and investment strategies. We employ soph...
What is a Fiduciary?20120422015342

What is a Fiduciary?

AJ NorrisApril 22, 2012
The fiduciary standard in question requires that a Registered Investment Advisor conduct business in a prescribed manner and to prescribed standards. It is a form of business practice that requires complete transparency and disclosure. It also requires that the advisor avoid conf...