Don Williams - Prime Capital Advisor Tampa

09/30/2024

Will McGough, Prime Capital Investment Advisors director of investments, joins CNBC's 'Power Lunch' to discuss three stocks: Meta, General Motors, and Keurig Dr Pepper.

03/20/2023

In the March Month in Review Webcast, I give my take on Silicon Valley Bank collapse and the impact on our portfolios.

Prime Capital Investment Advisors of Tampa offers financial planning and investment management for every stage of life, backed by a team with a combined 210 years of experience.

01/06/2023

Congress passed new reforms at the tail end of 2022 that you’re likely to hear about in the news. Beginning in 2023, the age at which Required Minimum Distributions (RMDs) must start being taken increases from 72 to 73. For those already 72, distributions must continue; however, if you’re turning 73 this year, we wanted to make you aware of the change because it might have implications for your retirement plan and warrant revisiting or modifying your income approach.

The reforms also allow RMDs to begin at 75 in 2033. While this is ten years away, it is worth reviewing your long-term financial plan and discussing any adjustments that might be warranted. In the meantime, if you have any questions, don’t hesitate to reach out if we can be of help.

01/04/2023

Did you know that January is Financial Wellness Month! Increasing attention has been given to the concept of wellness in recent years, yet people focus on their financial wellness for less than their physical and emotional wellness. Having a financial plan in place can help you reach goals and prepare for your future in the long term; however, a financial plan can also provide more immediate benefits to your overall wellness by helping to reduce the stress, worry, and uncertainty that comes without a solid plan for reaching your goals. To schedule an appointment with an advisor so you can approach the future with financial confidence, please use the following link: https://pciatampa.com/speak-with-a-financial-planner/

01/01/2023

Wishing everyone a Happy New Year! We hope this year brings an abundance of new experiences and great memories!

12/30/2022

It’s time to start the new year off right and live the life you want. A financial plan tailored to your specific goals is a gift you should give yourself in 2023. Let us focus on your finances so you can enjoy the fireworks, festivities, and fun that come with ringing in the new year.

12/29/2022

Before year end, review your retirement contributions and make any catch up contributions that will benefit you. If you’re contributing to an employer 401(k), you can save up to $20,500 through your 401(k) plan in 2022. If your employer offers matching then you want to make sure and not leave any money on the table by contributing at least as much as your employer will match. For those 50 or older you can make an extra $6,500 in catch-up contributions.

Similarly, if you have an individual retirement account (IRA) then the IRS allows you to contribute up to $6,000 plus an additional $1,000 if you are age 50 or older. Roth IRAs, which are subject to income eligibility requirements, allow up to $6,000 in contributions plus an additional $1,000 if you are age 50 or older.

If you would like to review your contributions or discuss whether any adjustments should be made to your contributions or overall retirement strategy, we are here to help. Retirement planning is an integral part of what we do. It is very important to us that our clients approach retirement with the confidence that comes from a well-defined plan that is regularly reviewed to make sure you’re on track to meet your financial goals.

12/25/2022

Don’t forget to plan for your taxes as the new year is right around the corner! There are certain tax strategies that can be implemented on your investment accounts to help you minimize the taxes you owe on income generated from investments and capital gains taxes.

12/25/2022

Merry Christmas! Our team wanted to wish you and your loved ones a joyful holiday season and happy new year.

12/25/2022

With year-end approaching and all of the market volatility we experienced in 2022, now is a good time to review your investment portfolio’s asset allocation, Asset allocation refers to how your assets are divided among different asset classes like stocks, bonds, and cash. The goal of financial planning is to ensure your asset allocation is aligned with your risk tolerance, investment objectives, and time horizon.

An asset allocation generally has targeted exposures across asset classes based on a percentage of your total portfolio. The percentage allocations to the various asset classes in your portfolio can drift over time, primarily due to market fluctuations. This results in your portfolio not being in line with the targeted allocations across asset classes. In order to maintain your target asset allocation, rebalancing needs to occur so that assets and risk are distributed according to your financial plan.

Financial advisors with discretionary trading authority over accounts often rebalance client accounts automatically; however, revisiting your asset allocation annually is a good idea to ensure your portfolio is still reflective of your tolerance for risk and time horizon, If you would like to discuss asset allocation or rebalancing with a financial advisor, please schedule a meeting at the following link and we’d be happy to explain our approach and how we can best help you.

12/24/2022

Sports have long played an important role in society. They provide entertainment for those in the stands and watching from home, create community by bringing fans together around a love for the game, and teach life lessons about hard work and perseverance.

Sports also offer many lessons analogous to financial planning, so it seemed fitting to highlight these parallels given that the 2022 FIFA World Cup concluded earlier this week in what was arguably one of the most exciting finales in sports history. Argentina beat France in overtime with penalty kicks to end the once in four-year event that many believe is the world's biggest and most prestigious sporting event.

While the outcome of sporting events can sometimes seem like luck, there is always a long-term strategy and preparation behind winning teams. And the same approach teams take to winning championships can be used off the field to help individuals achieve their long-term financial goals. Just as every team is unique, so is every investor. In sports, managers and coaches set goals and then assemble the right team to achieve them, defining each player's role on the team. Similarly, developing goals for your financial future and implementing a plan to meet them is critical. This entails choosing an investment strategy and asset allocation mix customized to your investment objectives, risk tolerance, and time horizon. A financial advisor can act as your financial "coach," helping you set goals and develop a long-term investment strategy that is reviewed regularly to ensure you're on the right track. Sports teams face inevitable challenges like injured players, inclement weather, and other factors that impact short-term results. Investment portfolios are also impacted by outside events that impact short-term results, so staying invested for the long-term generally yields the best results over time.

The team that plays consistently over the entire tournament and adapts to the challenges encountered on the field is most likely to emerge victorious. Similarly, the investor who develops a customized financial plan for the long term and stays the course will be well-positioned to achieve investment success.

12/16/2022

We wanted to remind those who are planning to enroll in the Affordable Care Act, for individuals and families who buy coverage on their own, open enrollment ends today, December 15, 2022 for coverage that starts January 1, 2023 or by January 15, 2023 for coverage that starts February 1, 2023.

These plans include doctors’ services, inpatient and outpatient hospital care, prescription drug coverage, pregnancy and childbirth, mental health services, and more. Some plans cover more services.