The rating agency “Fitch Ratings” has downgraded US Federal Government Credit Rating to AA+ from AAA late Tuesday evening. A couple of things to note: Credit rating is similar to bonds, as it is to personal credit rating. The higher the rating, the lower interest the borrower has to pay because it is seen as Read the full article…
At KROST and KROST Wealth, we have many clients engaged in the entertainment industry who lean on us for our expertise. From accounting, tax, wealth management, and the like, we are in solidarity with our clients and understand the situation they are going through. Below are some timely tactical financial planning ideas that may help Read the full article…
As your financial professional and wealth partner, I have truly enjoyed working with you, and the time we have spent together over the years. As we help you prepare for your and your family’s future, I have been preparing our team to further assist in planning for and meeting your unique and mission-critical goals. For Read the full article…
On September 21, 2022, the Federal Reserve raised interest rates by 0.75% to target a new Federal Funds Rate of 3-3.25%. What Does This Mean? According to the measurement of money in the system, the economy is too strong. The more money in our system, the more it is changed hands, and the higher prices Read the full article…
Our KROST Wealth Director, Philip Clark, CFP®,CPWA®, CLU®, and Marketing Senior Manager, Anna Chen attended the Jolt! Conference. The conference took place from May 4th to May 6th. Jolt! was held at the Aria Resort in Las Vegas, and proceeds of the tickets and sponsorships were donated to Invest in Girls, a program helping increase Read the full article…
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 the full article…
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 the full article…
Our Director, Phil Clark, CFP® explains the difference between monetary and fiscal policies. He also provides some insight into how these two policies impact Americans during a time of crisis or need. Phil Clark, CFP® may be reached at 626-449-4225 or philip.clark@KROSTWealth.com.
What Gov. Jerry Brown signed into law Senate Bill 1234, also known as CalSavers, on 9/29/2016. CalSavers mandates all California employers offer either a retirement plan for their employees OR join the CalSavers program. CalSavers defines employees as anyone over 18, paid by W-2, and worked for 30 days. Tiered Deadlines June 30, 2020 Businesses Read the full article…
By Jennifer Hutchins, CFA and Martin Landry, CFA, CFP®, CAIA, CIMA®, CIPM, CTFA, AIF® The end of the tentative trade truce between the world’s two largest economies triggered a sell-off on global stock markets and sent investors scurrying into safe-haven assets. On Monday, August 5, the Dow Jones Industrial Average fell 767 points (about 2.9%) Read the full article…
