Portfolio Advisors Blog

Our Blog postings occur from time to time when we have an interesting article or opinion to share. We hope that you will find our postings of interest and encourage to forward them on to your family and friends.

An Important Message From Portfolio Advisors

Due to concerns over the current health crisis we are encouraging alternatives to face to face meetings.  In doing so, we are now conducting client meetings on the phone using screen sharing and video conferencing software (Zoom) where possible.

In addition to the above, we are reducing in-office staff to essential personnel with most of our staff working remotely.  As such, all staff members have been assigned a direct phone number where they can be reached during normal business hours.  Additionally, all staff members will remain available via email and will check their messages regularly.  We do not anticipate interruptions to our normal work flow or our ability to serve you. 

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The Coronavirus and Market Declines

Dear Clients & Friends,

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2020 Holiday Office Closures

Portfolio Advisors, Inc. will be closed for the following 2020 holidays on the dates listed below:

  • Monday, January 20th in observance of Martin Luther King Jr. Day
  • Monday, February 17th in observance of President's Day
  • Friday, April 10th in observance of Good Friday
  • Monday, May 25th in observance of Memorial Day
  • Friday, July 3rd in observance of Independence Day
  • Monday, September 7th in observance of Labor Day
  • Thursday, November 26th in observances of Thanksgiving
  • Friday, November 27th in observance of Thanksgiving
  • Thursday, December 24th in observance of Christmas
  • Friday, December 25th in observance of Christmas

With each office closure we will be back the following business day during normal business hours.

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Return on Life - "Do Your Spending Habits Align with Your Goals?"

Typical conversations with financial advisors have  historically revolved around client cash flow needs, returns, savings rates, taxes and the economic environment. Although these discussions warrant review, as practitioners within the industry of providing comprehensive financial advice we continue to evolve in our approach by implementing new tools and insights. The concept of Return on Life focuses on a more encompassing value proposition as opposed to measuring success based solely by return on investment. The Return on Life belief system views money as a tool, which aids in providing the best quality of life possible given the resources available. Through experience, understanding of our clients’ backgrounds, belief systems and values, we ultimately enable deeper measurements of well-being and financial progress.

Key to our focus on Return on Life planning is a deeper understanding of how clients view and use their money.  In doing so, we gain insight into determining if their use of money  aligns with their goals and what they  ultimately want out of life. Expertise in understanding our clients’  story is central, with the numbers viewed peripherally. Dimensions beyond the financial data is as important as the data itself.   By engaging in Return on Life discussions, more substantive and fruitful discussions ultimately provide superior and more gratifying planning experiences.   

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Prepare for Sweeping New IRA Legislation

Legislation passed by the House of Representatives on May 23rd would dramatically change current IRA tax law.  The bill, entitled the “SECURE Act", would change the age at which one must begin taking IRA distributions. It would also change distribution requirements for IRAs inherited by children or other non-spousal heirs. The bill passed with wide bipartisan support in a vote of 472-3. 

Under current IRA law, one must begin taking their required minimum distributions at age 70 ½. The "SECURE Act" would allow IRA owners to delay taking their required minimum distributions until age 72.  This change would allow IRA owners to benefit from the advantage of tax deferral over a longer period of time.  Most will view this as a positive change.

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7571 N. Remington
Ave.#105
Fresno, CA 93711
559-432-8400