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Featured Advisor

Ed Meek
CEO/Investment Advisor

Edge Portfolio Management


State: IL

At Edge, a low client to advisor ratio allows for personal and customized service for each individual.  Our goal is to work as a team for each client to provide not only portfolio management but wealth coordination and financial planning.  We make every effort to have frequent communication with our clients and to provide timely response to calls and emails.  I also enjoy spending time with my wife and three kids, playing and following basketball, playing golf, and participating as an advisory board member for Breakthrough Urban Ministries.

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High Balance IRA Rollovers Often Reflect Household Wealth

Household demographics show a lifetime of savings

Individuals that conducted a high balance IRA Rollover generally represent households that have relatively substantial net worth. Of the ……high balance IRA Rollovers conducted in 2009-2010, 80% of households have over $500,000 of additional household assets.

Other key findings include:

- 42% have 3-5 IRAs within their household
- 63% have retirement savings exceeding $500,000
- 42% expect a 6-7% rate of return
- 37% feel they are knowledgeable about investments.

While some individuals that conducted a high balance IRA Rollover may have already been wealthy, for many it is a reflection of a lifetime of savings. Other attitudes include the following:

Only have of those with large IRA Rollovers are confident they have a well defined investment strategy. While many do their own research, others are seeking assistance.

If you anticipate rolling over a large amount of assets upon retirement, be sure to do some planning prior to the IRA Rollover event. Proper planning will result in the most effective use of your retirement savings.