Preparing for the Novel Coronavirus

As the cases of the novel coronavirus – COVID-19 – continue to climb in this country, and California in particular, it is important to prepare for the potential of a pandemic. While it’s possible COVID-19 will be properly quarantined and eradicated, our nation’s indeciveness and unpreparedness make it probable that this will continue to spread exponentially and negatively affect the economy.

Here are some steps that can be taken to prepare for COVID-19:

1. We must make sure we have adequate supplies of essential items in case stores are closed or run out of them. It’s important for people to have adequate supplies of medication, both prescription and nonprescription, vitamins, and water. It can also be advantageous to have disinfectants and hand sanitizer, though these items are currently out of stock at many locations right now.
2. It is important to discuss with your family and neighbors any emergency plans. Nonessential travel should be postponed or canceled, particularly in areas that are affected by or at risk of COVID-19.
3. We should stay informed on the latest developments of this illness by watching the news on television or on the internet, including social media. It’s best to follow reputable sources such as the Centers for Disease Control and Prevention (CDC) and the Department of Homeland Security (DHS), as well as medical and science experts.
4. We should wash our hands with antibacterial soap regularly, and cover our mouths when we cough or sneeze, since the virus is highly contageous. The virus can be airborne when someone coughs or sneezes, and can survive on hard surfaces for up to several days.

If the virus is to become a pandemic, it is important to follow the directions of authorities and avoid public spaces and interacting with others as much as possible. Just as in China and Italy, the possibility of nationwide lockdowns is real.

Currently, the financial markets are in turmoil, bringing stress to many Americans, particularly retirees with investments or on fixed incomes. A financial advisor, such as Jason Groth of San Diego, can help retirees or those planning for their retirement prepare for the possibility of financial turbulence. As always, investing will carry a degree of risk, no matter the type of investment or which advisor you choose.

Brig Agency, a digital marketing agency, believes COVID-19 should encourage people to develop skills allowing them to work remotely. By working remotely, we will lessen our risk of exposure to deadly epidemics, and we will have the freedom to work from home if we choose.

At this point, it is difficult to predict exactly how widespread or devastating COVID-19 will be, but we must always be mentally and physically prepared for the worst-case scenario.

San Diego Financial Advisor Jason Groth Offers Annual Reviews

Jason Groth is a San Diego financial advisor who offers annual reviews. Annual reviews are a golden opportunity to catch up with the latest financial trends and to see if you are on the right path to a secure retirement.

Because finances can be complex with a multitude of regulations, and because the investment landscape is continually evolving, a financial advisor can review your situation every year to give you peace of mind and clarity as to your financial condition and trajectory. A financial review also helps to deepen the rapport and trust you have with your financial advisor, since you know you are able to touch base with him or her and will be assured that your concerns are taken seriously.

In particular, an annual review will allow you to determine if your investments are performing well and if you should adjust your portfolio. If important news has come out about a particular company you are invested in, you will have to determine with your advisor if that investment still meets your personal criteria. The perfomance of your investments may also determine if any adjustments are needed to your portfolio. If diversification is your goal, your financial advisor will help you to figure out if you are properly diversified.

Another key benefit of an annual review with a San Diego financial planner is to determine if your strategy for dealing with taxes is optimal. Some types of investments are taxed at a higher rate than others, and some have no taxes at all. While there are other considerations besides taxes to developing an investment strategy, taxes are an aspect of which investors should be aware. A financial planner will help you to maximize your returns and minimize your taxes to best meet your long-term financial goals.

Jason Groth of San Diego Offers Annual Reviews

In San Diego, Jason Groth is able to guide you in the proper direction to meet your long-term goals and retire with security. He has been involved in the finance industry for over 20 years and has helped individuals and businesses with financial and tax planning. What separates him from other wealth advisors is that he breaks down complex jargon very simply for his clients to bring their minds at ease. It is important that your financial advisor communicate with you effectively so that you understand the strategy employed and the regulations involved that affect your wealth. Contact Safe Harbor Solutions to learn how Jason Groth can help you secure your future.

Why You Should Consider Choosing San Diego Financial Planner Jason Groth

Jason Groth is a trusted San Diego financial planner.

Finding the right financial planner in San Diego can be a challenge, especially with an abundance of options. You will want a trustworthy financial planner that will help you meet your goals. Below are some tips on finding the right financial advisor, and why Jason Groth is someone you may want to contact for a consultation.

First, you need to figure out if you need an advisor. Given the complex regulations and laws that exist, you may find a knowledgeable financial planner can help you cope with them. For example, if you run a business or invest significant amounts of money, a financial planner can help you to avoid penalties, extra taxes, and other unpleasant surprises. Security during retirement is important for many seniors, and a financial planner can help those planning for retirement achieve that.

Second, you will want a financial planner who can adjust to your needs. If you prefer conservative investments or value stability over growth, an advisor should be able to accommodate you. If you are interested in allocating more of your portfolio for growth, a good financial planner will let you know of the risks involved. No matter what investment you choose, there will always be an element of risk, and a financial planner should be transparent about that.

Third, you may want to go by referrals or check references. You will want a financial advisor in San Diego who has a track-record of bringing positive results for clients. You can ask friends or relatives if they have had good experiences with their wealth advisor. However, you must keep in mind that previous performance is no guarantee of future performance.

Fourth, you will want to speak to several advisors until you find the right one. Financial advisors in San Diego will allow you to speak with them to determine if they can assist you in meeting your financial goals. An advisor should be personable, knowledgeable, and trustworthy. Because they will be helping you make financial decisions, and can even directly manage your money, the advisor must have a high degree of ethics.

In San Diego, Jason Groth has decades of experience in helping individuals plan for their future. He has also helped businesses, celebrities, and athletes with their financial, insurance, and tax planning. He has founded Safe Harbor Solutions to provide a wide array of services to meet the diverse needs of his clients. Contact him today for a consultation!

Jason Groth Launches Safe Harbor Solutions in San Diego

With decades of experience in helping individuals and businesses with their finances, Jason Groth of San Diego has launched Safe Harbor Solutions. Safe Harbor Solutions aims to fulfill the dreams of clients and protect their wealth so they can retire securely.

Safe Harbor Solutions of San Diego

Jason Groth has founded Safe Harbor Solutions to provide financial security and peace of mind to individuals and businesses. With over 20 years of experience in as a wealth advisor, he has decided to launch a service that best enables him to use his extensive experience to meet the needs of diverse clients. The San Diego based company aims to provide a comprehensive strategy to help individuals and businesses build and protect their wealth. 

Safe Harbor Solutions is made up of a team with diverse skill sets to meet the needs of its clients. Because the team is made up of individuals with unique strengths, their skills can be leveraged to provide outstanding service to its clients. Each member of the team brings fresh insights and valuable expertise that complement those of other members. The founder of the company, Jason Groth, has decades of experience as a San Diego wealth advisor. 

The company aims to make finance as easy to understand for clients as possible. For individuals and businesses, the complex terminology in the industry can seem daunting. It may even discourage some individuals from educating themselves about concepts that are essential for retirement planning. Among the qualities that sets Safe Harbor Solutions apart is its emphasis on effective and clear communication with clients. Clients expect that their wealth advisor will communicate clearly to them.

The company is fully licensed and operates according to the highest levels of professionalism. Because of the high level of trust required to operate, the company believes customer service is essential. Each client is treated as an individual with unique needs, even though the same underlying principles of finance may apply. Successful wealth managers must always take into account the financial condition and goals of each client to best meet their needs. 

Lasting Relationships with San Diego Wealth Advisor

Safe Harbor Solutions also believes in building and maintaining relationships that are long-lasting. The company services accountants, businesses, athletes, entertainers, and ordinary investors. No matter the career-path or circumstances clients face, the company will stay loyal to them to meet their evolving needs. 

Contact Safe Harbor Solutions for a consultation! Find how a wealth advisor can assist you with your financial situation.

The Importance of Sequence of Returns

When planning for your retirement, it is important to understand the concept of sequence of returns. When you are planning for your retirement, it is important to protect what you have saved while building your nest egg. Jason Groth of San Diego guides his clients on this part of retirement planning.

When planning for retirement, you must understand how the sequence of returns will affect your net worth over time. An understanding of this will help you to prepare for the years that you will no longer be working, and will rely on the nest egg you have built up over many years. When you start withdrawing money from your savings during your retirement years, the annual gain or loss from your savings could have a greater than expected effect than the average rate of return for these assets over time. It is thus important to take into account market volatility when planning for your future. Free online calculators can help you to better understand how sequence of returns may affect you.

As a general rule, withdrawing during a bear market is more costly than withdrawing during a bull market, because more of the underlying asset is needed to cover expenses, and selling them prevents any gains from future price appreciation. During your retirement years, you may no longer be putting money into your savings to offset bear markets. A decline in the value of your assets along with withdrawals to cover expenses may significantly affect how long your savings will last.

There are several protective measures investors can take to guard against the risks of volatile markets. A diversified portfolio is one way to protect yourself from market volatility. With a well-diversified portfolio, you are less affected by extreme movements in any one asset you own. Those who are planning on retiring may want to consider continually adding to their savings to protect against volatility. Also, an experienced financial advisor can help you navigate through this maze so that you can retire with more financial peace of mind.

In San Diego, Jason Groth has helped many individuals understand the concept of sequence of returns and retire with peace of mind. He will assess your financial situation and your goals, and together with you will lay out a plan for you to secure your future. Contact Jason Groth today to schedule an appointment with him to protect yourself during your retirement years.

Financial Tips for the New Year

Start the New Year on the right track in San Diego.

As we get closer to the New Year, now is a great time to review your finances and plan for your future. Now is the time to consider speaking to a financial advisor in San Diego to help determine how you can best meet your financial goals.

Below are some tips to help you get on the right financial track for 2020.

1. Establish a budget

Establishing a budget is not as difficult as it sounds. You should keep track of your expenses and your earnings, and work to keep your spending within your means as much as possible. Basic expenses such as food, rent or mortgage, and a car payment are necessary, but by keeping track of your expenses, you may be surprised at how much you are spending on non-essential things. 

2. Pay off credit cards

Try as much as possible to pay off your credit card debt. The money not spent on paying off interest on credit cards can instead be used to build up your savings. Credit cards have high rates of interest that can significantly add to your expenses. Instead of giving credit card companies your money, consider giving it to yourself. 

3. Review your employer savings plan

Check to see if your employer offers a savings plan such as a 401(k). If your employer matches your contributions, it is essentially money given to you for free. By taking advantage of employer contributions to your retirement, you will be able to retire with a larger nest egg that will bring you greater peace of mind. 

4. Talk to a financial advisor

A financial advisor can serve as a guide to help you reach your financial goals. He or she can help you analyze your employer plan, lower your taxes, recommend investments and insurance, and help protect your savings. 

Though we have all made plenty of mistakes in our past, the New Year gives us a fresh opportunity to plan for our future. It allows us to start anew and focus on our financial goals.  In San Diego, Jason Groth of Safe Harbor Solutions helps individuals plan for their future to retire more comfortably.

Reach out to Jason Groth of San Diego today so he can offer his expertise to help you get on the right financial track for the New Year.