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Planning for the future

Edward Jones assists in investment planning

December 12, 2012
The Daily Mining Gazette

HOUGHTON - Whether saving for college or planning for retirement, Edward Jones can help make sense of investing.

"We meet with clients or perspective clients and find out what their financial needs are. Then, we find a solution to meet their needs," said Robert Nelson, CFP, AAMS and Financial Advisor with Edward Jones.

Nelson's Edward Jones office, located at 901 W. Sharon Ave in Suite 8 of the Sharon Centre, works specifically with individuals and businesses and provides consultations to these groups free of charge.

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Daily Mining Gazette photo
Robert Nelson and Jill Auger, along with Deb Dickson (not pictured) strive to provide individuals and businesses with assistance in sound financial management at Edward Jones located at 901 W. Sharon Avenue in Suite 8 of the Sharon Centre.

Those looking to invest with Edward Jones have opportunities with individual retirement accounts, 401Ks, savings incentive match plan for employers' retirement plan and joint brokerage accounts. Other clients choose to invest in stocks, bonds, mutual funds, annuities and insurance.

"We avoid most aggressive investments like precious metals and penny stocks," he said.

Nelson said investors should look at a variety of factors before investing, including their stage in life. Younger investors should invest in more growth-oriented vehicles as they have time on their side. Those in mid-career should take full advantage of their employer-sponsored retirement plans.

If you're nearing retirement, your portfolio will likely need balance. This could mean shifting some of your allocation to fixed income, to provide for your current income needs, while still maintaining money in stocks to provide the growth potential to help keep up with inflation in retirement.

And for those living in retirement, a financial professional can help them determine an appropriate withdrawal rate of their investments.

Before investing, a potential client would meet with an Edward Jones financial advisor to determine their risk tolerance, age, timeline for collecting the investment and the disposable income rate.

"From there, we determine what is the likelihood that you'll have to get to the money. At that point, you make a decision on how much of the disposable income you can let go longer and that's the money you'll invest for retirement," Nelson said.

In order to help clients' obtain the highest rate of return, Nelson recommends patience.

"It's best to allow your investments to breath through the ups and downs in price to get a higher return," he said.

Financial advisors at Edward Jones also work with clients on pension plans.

"One of the big areas that we're seeing is companies that had pensions are getting out," he said. "What they're doing now is offering lump sum payouts and in some cases the individual can make the choice to stay with the pension or roll it over to an IRA."

The financial advisors help investors look at all parts of a pension.

"One size does not fit all. Sometimes they should leave (the pension) there and other times they should roll it over to an IRA," Nelson said.

Because of the current state of the economy, investors should make sure they have their risk tolerance and investments in sync.

"What we see is that interest rates are likely to go up because they're at an all time low, so people should be careful of their mix of stocks and bonds, including their mutual funds," Nelson said.

Although historically, every administration since 1900 has had a positive move in the stock market, Edward Jones expects taxes to increase.

"We do expect that taxes are likely to go up at the first of the year, but as a firm, we aren't believers that there will be a fiscal collapse," he said.

Nelson works with Senior Branch Office Administrator, Jill Auger, and Branch Office Administrator, Deb Dickson, to provide quality conservative investment advice to investors.

"We're a conservative and privately held partnership that strives to solve our clients' financial needs," Nelson said. "Excellent client service is number one. If we can't solve your problem, we'll direct you to who can."

For more information, or to make an appointment, call Edward Jones of Houghton at 482-8680 or email

Edward Jones-Making Sense of Investing-Member



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