Parsec News

Parsec Financial Ranked #3 N.C. RIA by Financial Advisor (FA) Magazine

July 22, 2021

InvestmentNews: Clients are upping charitable giving in the wake of the pandemic

July 15, 2021

CNBC: Are you prepared for tax impact of the $68 trillion great wealth transfer? Here are some options to reduce the bite

July 14, 2021

CardRates.com: Young Money, Smart Money: Parsec Financial Teaches Consumers About Responsible Credit Use

July 8, 2021

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Latest Blogs

How To Get Your Children To Own Their Financial Future

Rick Manske April 1, 2021

I am often asked how to raise a financially literate child. It seems easy enough, right? We help them with some terminology, coach them to have financial discipline and teach them about the stock market. With a combination of an allowance and a lecture about frugality we send them on their way into life on the path to financial freedom. But like so many other aspects of raising a high functioning human, we learn that it does not work like we thought.

How Parsec Monitors Investment Securities

Bill Hansen April 1, 2021

Parsec invests in a variety of securities for its clients. These may include mutual funds, exchange traded funds (“ETFs”), and individual stocks, among others. All of these investments can and do experience significant price pullbacks from time to time. While Parsec’s research committee focuses on investments it can hold for the long-term and performs significant due diligence before adding any new positions, price declines still happen. In this article we will discuss how we monitor investment securities and our process when a stock or fund does not perform as expected.

Roth or Traditional IRA?

Judson Meinhart March 25, 2021

If you’re a retirement saver with the contribution deadline looming, trying to figure out whether traditional IRA or Roth IRA contribution makes more sense for you can be a little bit like trying to decipher what happened in the last episode of Lost.

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Swinging and Investing Despite Overconfidence Bias

Judson Meinhart March 22, 2021

If you’re a bogey golfer, you’ve probably had your share of three putts (and sometimes four), but I’m willing to bet you haven’t experienced anything like what happened to Dustin Johnson at the 2015 U.S. Open.

What Are RMDs and QCDs?

Hilary Daniel March 11, 2021

I joined Parsec last November, and one of the big workstreams underway was Parsec advisors working with their clients on their required minimum distributions (RMDs) since the CARES Act waived 2020 RMDs for all IRAs (including inherited IRAs) and tax deferred accounts (SEP IRAs, SIMPLE IRAs, 401k, 403b and Government 457b plans). Should clients defer

Know Thyself – Are You a Trader or an Investor?

Sarah DerGarabedian March 8, 2021

I heard about a study that found people were more likely to vote if you ask them, “are you a voter?” as opposed to, “do you plan on voting?” The way you view yourself matters. If you identify as a voter, then you are more likely to go to the polls or send in your ballot at election time. It’s the same with fitness – if you identify as a runner, you are more likely to run consistently, because it’s not just something you do, it’s who you are.

IRA Contribution Rules

Justin White March 1, 2021

The maximum individual retirement account contribution for 2021 is $6,000 ($7,000 if aged 50 and over). The question of choosing between a Traditional IRA and Roth IRA largely comes down to when it’s most opportunistic for you to pay taxes. A Traditional IRA is a great option if you’re in your mid-to-late career and in