Edward Jones Financial Advisor: Bill Chronister

08/17/2024

Are you part of the "Sandwich Generation?" Our Senior Strategist Meagan Dow shares tips to navigate helping to pay for your aging parents' and your children's expenses.

Learn how to navigate helping to pay for your aging parents' and your children's expenses.

08/16/2024

Whether it's always been your retirement dream to trade a current hometown for an exciting new locale, or you only recently decided to move closer to family, check out these four tips to prepare for a future move.

Here are four tips to help you prepare for relocating as a retiree.

08/15/2024

We believe in forming a true partnership where we care as much about WHY you're investing as WHAT you choose to invest in. This personalized approach to investing helps set us apart. Let's schedule time to figure out how I can help you build the future YOU want to see.

Let’s build yours together.

08/14/2024

Explore whether and how election results might influence market trends and discuss whether you should consider adjusting your investment strategy. Watch this webinar live on Aug. 21 at 3 p.m. CT or on demand after.

Wednesday, August 21, 2024 at 3:00 PM Central Daylight Time.

08/13/2024

There's no guarantee the backdoor Roth IRA strategy will be available for every high earner. Consider these three questions to help decide whether it could be a workable option for you, then call me to discuss further investment-related considerations.

A backdoor Roth IRA enables you to realize the tax benefits of a Roth IRA, even if your income exceeds the IRS earnings ceiling for Roth contributions.

08/12/2024

529 plan can ease college “sticker shock”

The school year will soon be here. If you have young children, you’re one year closer to the day when they may be headed off to college. When that day arrives, will you be financially prepared?

College is expensive — nearly $29,000 a year for in-state students at a public college or university and about $60,000 a year for private schools, according to the College Board. And even with scholarships and financial aid, you could face a hefty bill.

One way to help save for college is through a 529 education savings plan. Your earnings can grow tax deferred, and your withdrawals are federally tax free when used for qualified education expenses. Depending on where you live, you might get additional tax benefits for investing in your state’s 529 plan.

A 529 plan can also be used for K-12 expenses in some states, and for qualified apprenticeship programs.

And if you’ve named a child as beneficiary of a 529 plan, and that child doesn’t pursue any post-secondary education, you can switch beneficiaries to another family member.

If you’d like to invest in your children’s future education, a 529 plan can be a good choice — so study up on it soon.

This content was provided by Edward Jones for use by Bill Chronister, your Edward Jones financial advisor at (518) 439-3789.

Member SIPC

08/12/2024

Markets shifted in July, only to change again in early August.

Learn more about portfolio performance, and check out our recommendations for disciplined investors.

08/08/2024

The August 5th drop in the Dow Jones and S&P has been jarring for investors. Get our view of what this could mean for investors in the coming months.

08/05/2024

Are you afraid of outliving your money?

Here’s something to think about: 58% of retirement savers from all age groups, including current retirees, say that outliving their assets is their greatest retirement fear, according to a study by Cerulli Associates, a financial services research organization.

If you share this fear, how can you alleviate it?

For starters, estimate how much money you’ll need during retirement so you can plan your financial strategy.

If you haven’t retired yet, try to boost your financial resources by contributing as much as you can afford to your IRA and 401(k). And, if possible, delay taking Social Security until your full retirement age so you can collect full benefits.

You might also consider re-entering the workforce on a part-time basis. You could boost your cash flow and potentially contribute more to your retirement accounts.

And when you’re retired, look for ways to cut your expenses. One possibility is downsizing your living arrangements.

Finally, see if you can adjust your investment portfolio to provide more income-producing opportunities.

The more you can bolster your financial security before and during retirement, the less you may fear outliving your money.

This content was provided by Edward Jones for use by Bill Chronister, your Edward Jones financial advisor at (518) 439-3789.

Member SIPC

07/29/2024

How should you respond to market cycles?

The movement of the financial markets can seem mysterious. But in looking back, we can see patterns that consistently repeat themselves. As an investor, how should you respond to these market cycles?

It’s useful to know that market cycles are connected to business cycles — the overall movement of the economy. In fact, a market cycle frequently anticipates the business cycle, so stock prices may rise or fall several months before the economy reaches high or low points.

When you invest, though, it may not be a good idea to try to time the market, making buy or sell decisions based on where you think the market cycle is at any given time. Such a strategy could lead to mistakes, such as selling quality investments to avoid losses.

Instead, try to stick to a long-term strategy that’s based on your goals, risk tolerance, time horizon and need for liquidity. And try to diversify your portfolio among a range of investments. While diversification can’t prevent all losses, it can help reduce the impact of market volatility.

Rather than getting stuck in a cycle, follow your own path toward achieving your most important financial objectives.

This content was provided by Edward Jones for use by Bill Chronister, your Edward Jones financial advisor at (518) 439-3789.

Member SIPC

07/26/2024

Despite nearly half of American women anticipating receiving an inheritance in the next 10 years, women face significant obstacles to determining how wealth is transferred across generations.

Our head of Wealth Management Advice and Solutions Lena Haas discusses the power of planning ahead in this recent World Economic Forum article.

The wealth gap between the genders means women face greater obstacles in terms of giving and receiving inheritance – but a financial adviser can help.

07/25/2024

Can the stock market’s hot streak continue? We explore four points in recent history that could help inform what’s next for this market.

Our Monthly Market Compass helps keep you in the know but also looks ahead to what may be down the road. In this video series, our investment strategists share their thoughts on the latest market and economic developments, and offer investing tips you can use as you work toward your long-term financ...