Posts by Petersen Hastings Team
4 Options to Give Your Old 401(k) a Fresh Start
When workers change jobs, many forget about their old employer’s 401(k) or decide to cash out their retirement savings, paying taxes and often penalties in the process. The Wall Street Journal recently reported about 30% of workers leaving jobs elect to cash out their 401(k) accounts and pay taxes – and often 10% penalties1. Is…
Read MorePursuing a Better Investment Experience
Whether you’ve been investing for decades or are just getting started, at some point on your investment journey you’ll likely have questions regarding how to improve your odds of investing success. Petersen Hastings is here to help. Learn more about the 10 key principles, using data and reasoning, that may help improve your odds of…
Read MoreClient Relationship Summary (CRS) Notice
You may notice a new disclosure document that will be included in your July statement. The Securities and Exchange Commission (SEC) is requiring all registered investment advisors and broker-dealers to provide clients with a new disclosure document called the “Client Relationship Summary” or “CRS” for short. The disclosure is meant to be a short, easy…
Read MorePetersen Hastings Opens Second Location, Adds New Advisor
Petersen Hastings, an independent registered investment advisory firm, headquartered in Kennewick, WA, announced today the opening of a new office in Walla Walla, WA. The office is located in the historic downtown Drumheller Building at 5 West Alder Street, Suite 317. With the expansion announcement, comes the addition of a new wealth advisor. Petersen Hastings…
Read MoreThe Path Forward: Firm Operational Update
We would like to extend our appreciation to you during this unusual time. It is truly amazing how resilient we can all become when faced with a common challenge. We have made a number of changes, as our team has modified their workflow to adjust to remote working conditions while continuing to service you. We…
Read MoreCelebrate 529 College Savings Plan Day
Did you know May 29 (5/29) is recognized as National 529 College Savings Plan Day? Well, now you do! There are many ways to save and invest for education, with some accounts offering more tax advantages than others. To better understand the differences between each education savings plan and see what might be the best fit…
Read More5 Tips for Investors Navigating COVID-19 Uncertainty
One of the most unsettling aspects of market downturns is the fact they are out of your control. Markets move based on numerous variables that no one person can meaningfully control or even fully monitor. And when stock prices falter, the resulting steady drumbeat of negative news reports can drive many people to see the markets…
Read MoreCoping with Market Volatility: Be Sure to Use Appropriate Benchmarks
Do you find yourself glued to the daily news reports on market movements wondering about your own savings and investments? Before you make any hasty decisions, be sure you understand how these reports relate — or don’t relate — to your individual portfolio. The variance in the returns of different portfolios is largely attributable…
Read MoreThree Ways to Make the Most of Your Recovery Rebate
The rebates coming from the $2 trillion Coronavirus Aid, Relief and Economic Security (CARES) Act are a welcomed relief for millions of Americans out of work and in financial distress due to the COVID-19 pandemic.
Read MoreMarket Commentary: First Quarter
Stay Home, Stay Healthy! Global markets came under significant pressure as COVID-19 spread across the globe. U.S. Large companies represented by the S&P 500 Index slid -19.6%. Small companies represented by the Russell 2000 declined -30.6% and international stocks represented by the iShares MSCI EAFE Index decreased -22.8%. The Federal Reserve cut the Federal Funds…
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