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Avraham "AY" Rappaport, CLTC
President, Financial Professional
Yaniv "Jay" Natanov
President, Financial Planner
Eli Rappaport
Vice President, Financial Planner
Shlomo Rosenstein
Financial Professional
Ozzie Marizan
Financial Planner
Joseph Greer
Employee Benefits Administrator
Dylan Pinsky
Client Relations Manager
Premier Financial
6395 Dobbin Road, Suite 102
Columbia, MD 21045
Phone: 240-309-6001
Email: dylan.pinsky@prudential.com
Website: premierfinancial1.com
November/December 2023
Smart Strategies for Any Market
It may be hard not to throw in the towel when the markets aren't performing well. And it's just as hard to imagine the markets will ever lose value when stock prices soar. But because no one controls market behavior, you'll want to devise a plan for staying invested no matter what the markets do.
Down Markets - A Time to Buy
It's no fun to watch stock values drop. But lower stock prices offer an opportunity to buy stocks at bargain prices. If you've been eyeing companies to add to your portfolio but hesitated because the share price was too high, a down market may be the time to make your move.Forget Market Timing
Every stock investor wants to buy low and sell high, but trying to time the market can be a losing game. Even market gurus generally can't determine with one hundred percent accuracy when stock prices have reached their peak or hit rock bottom.Being out of the market when it begins to rebound can result in significantly lower returns. Instead of playing market roulette, create an investment strategy to help sustain your portfolio when the market is volatile.
Time for a Roth IRA?
If you've thought about rolling over funds from a traditional IRA or another tax-deferred retirement account to a Roth IRA but were worried about the tax hit, a lackluster market may provide an opportunity. You will pay fewer taxes on the conversion when investment values are down. Roth IRA earnings grow tax-free, and withdrawals in retirement, although not required, are tax-free as well. Some restrictions apply.*Mark Volatility
A volatile market can be an opportune time to help ensure your portfolio conforms to your future vision. Make sure your investment mix helps curb volatility. Your financial professional can review your investment strategy to help ensure you're moving closer to your goals.*Conversions are taxable events. Roth IRA withdrawals are tax-free provided the plan has been in place for five tax years and the distribution is made after age 59 1/2 or due to death, disability, or a first-time home purchase (up to $10,000 lifetime maximum). Distributions may be subject to state taxes.
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Premier Financial is not affiliated with Prudential Financial. Premier Financial sells insurance products of Prudential Financial's affiliated insurance companies in addition to products of non-affiliated insurance companies. Premier Financial is authorized to sell and service certain insurance products of Prudential Financial companies as well as use this material. Premier Financial and its representatives do not give tax or legal advice. Please consult with your own advisors regarding your particular situation. Offering financial planning and investment advisory services and programs through Pruco Securities, LLC (Pruco), under the marketing name Prudential Financial Planning Services (PFPS), pursuant to a separate client agreement. Offering insurance and securities products and services as a registered representative of Pruco, and an agent of issuing insurance companies. 1-800-778-2255. Dylan Pinsky is employed by Eli Rappaport and not The Prudential Insurance Company of America or its subsidiaries.
This newsletter is general educational information provided by a Prudential Financial Professional and is not intended to market or sell any specific products and services, but rather provide general information about the subject matter covered only.
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