Phil Clark, CFP®, CPWA®, Earns Advanced Wealth Management Certification—Certified Private Wealth Advisor®

February 22, 2021By KROST

Phil Clark, CFP®, CPWA®, Director at KROST in Pasadena, California, recently earned the Certified Private Wealth Advisor® certification, which is an advanced professional certification for advisors who provide the breadth of specialized skills required to meet the needs of high-net-worth clients. Phil has worked at KROST since 2018 and is responsible for Financial Planning for … Read More

CalSavers Program Information

February 1, 2021By KROST

On September 29, 2016, Governor Jerry Brown signed into law Senate Bill 1234, also known as CalSavers. CalSavers mandates that all California employers must offer either a retirement plan for their employees or join the CalSavers program as an alternative. The program defines employees as anyone over the age of 18 who are paid by … Read More

Are Women Saving Enough?

October 28, 2020By KROST

Presented by Philip Clark, CFP®, September 2020 Are women saving and investing enough today? How about you? Do you feel financially prepared for the future? Taking control of your financial future is so important, and it starts with saving and investing actively. Here are some of the reasons this is crucial. The earnings gap. Men … Read More

How Women Can Prepare For Retirement

October 28, 2020By KROST

A practical financial checklist for the future. Presented by Philip Clark, CFP®, September 2020 When our parents retired, living to 75 amounted to a nice long life, and Social Security was often supplemented by a pension. The Social Security Administration estimates that today’s average 65-year-old woman will live to age 86½. Given these projections, it … Read More

KROST Wealth Monthly Economic Update: October 2020

October 12, 2020By KROST

In this month’s recap: Stocks dropped during the month as investors worried about stalled fiscal stimulus talks in Washington, the upcoming election, and new coronavirus cases in Europe.Presented by Philip Clark, CFP®, October 2020 U.S. Markets Stocks dropped in September as investors worried about stalled fiscal stimulus talks in Washington, the upcoming election, and new … Read More

“Backdoor” Roth IRAs

September 22, 2020By KROST

If you make too much money to open a Roth IRA, you could create one this way. Presented by Philip Clark, CFP®, September 2020 You can sum up the appeal of a Roth IRA in three words: federal tax benefit. Potential earnings in a Roth IRA grow tax free as long as the owner abides … Read More

KROST Wealth Monthly Economic Update: September 2020

September 10, 2020By KROST

In this month’s recap: Stocks prices surged in August as investors cheered positive news of a potential COVID-19 treatment and welcomed a month-long succession of upbeat economic data.Presented by Philip Clark, CFP®, September 2020 U.S. Markets Stock prices surged in August as investors cheered positive news of a potential COVID-19 treatment and welcomed a month-long … Read More

Eldercare Choices in the COVID-19 Era

August 18, 2020By KROST

Exploring your extended care options may be wise at this time. Presented by Philip Clark, CFP®, August 2020 Given the threat of COVID-19, seniors today may be considering their extended care alternatives with extra caution.1 In addition to health factors, the cost can be an issue. According to Genworth’s 2020 Cost of Care Survey, the … Read More

Quarterly Client Letter – Q2 2020

August 17, 2020By KROST

This last quarter saw violent fluctuations in the capital markets, which have shaken the very core of retail investing for private clients as well as created massive stimulus actions by the federal government. Good thing we didn’t have anything else going on at the time! Oh, wait. COVID-19 has blanketed our country for a second … Read More

KROST Wealth Monthly Economic Update: August 2020

August 10, 2020By KROST

In this month’s recap: stocks rose as better-than-expected corporate earnings and progress on a COVID-19 vaccine encouraged investors. Presented by Philip Clark, CFP®, August 2020 U.S. Markets Stock prices rallied in July as further development of a COVID-19 vaccine and better-than-expected corporate financial reports encouraged investors. The S&P 500 gained 5.5 percent, while the Nasdaq … Read More