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Five Seasons Financial Planning in the News
Recent Press Coverage / Media Interest
Entrepreneur Magazine, February, 2008 - Paul Winter, CFA, President of Five Seasons Financial Planning LLC, and his client were featured in an article about the benefits of investing in TIPS in an inflationary environment. Click here to read this article.
Kiplinger's, July 5, 2007 - Paul Winter, CFP®, Principal of Five Seasons Financial Planning in SLC, provided advice to a reader of the "Ask Kim" column wondering about using zero coupon bonds in his retirement portfolio. Paul, a Fee-Only planner, concluded with this warning: "Amounts due at maturity may not have the purchasing power you thought they would." Click here to read this article.
InvestmentNews, March 5, 2007 – Paul Winter, a Fee-Only financial planner, was quoted in an article on a new life insurance product aimed at being an investment, a tax tool, and a wealth transfer vehicle all in one policy. Commenting on so-called 'bundled' insurance products, Winter stated “Usually, clients can replicate them much more cheaply, and with more customization to their individual circumstances and objectives, using a combination of cost-effective, tax-efficient individual components.” Click here to read this article.
Business Week. January 18, 2007 - In an article entitled “Going Global With ETFs,” journalist Marc Hogan investigated different ways in which investors could get international equity exposure using exchange-traded funds. Paul N. Winter, principal of Five Seasons Financial Planning in Holladay, UT, suggested readers consider the MSCI EAFE Index iShare (EFA) for its low management expenses and tax efficiency. Click here to read this article.
TheStreet.com. June 20, 2006 - Paul Winter was quoted in an article on the recent underperformance of TIPS [Treasury Inflation-Protected Securities]. Winter, founder of Five Seasons Financial Planning in Salt Lake City, stressed the importance of taking a long-term perspective when investing and offered a variety of cost-efficient ways to get exposure to this asset class. Click here to read this article.
Newsweek. April 18, 2006 - In an article entitled “When Your Paycheck Stops,” journalist Jane Bryant Quinn explored steps her readers could take to prepare themselves for retirement. Paul N. Winter, principal of Five Seasons Financial Planning in Salt Lake City, contributed a variety of material for this article, including the process he follows to generate retirement projections for his clients.
Kiplinger's Mutual Funds, Spring 2006 - In an article entitled “Thinking Outside the Box,” journalist Manuel Schiffres explored the controversy over mutual fund "style drift". Paul N. Winter, a financial planner in Holladay, Utah, opined that it's more important for a mutual fund manager to stick to his investment discipline even if it means having the fund migrate from one Morningstar style box to another. "This is the true definition of style purity, and it identifies the great managers over the long term...," added Winter.
Deseret Morning News, March 5, 2006 - Paul Winter, MBA, was quoted in an article on the different ways in which financial advisors charge for their services. Winter, Principal of Five Seasons Financial Planning in Salt Lake City, Utah stressed that the idea behind fee-only financial planning is to minimize conflicts of interest and ensure objective advice. Winter added, "...the vast majority of fee-only advisers are registered investment advisers regulated by the state or (Securities and Exchange Commission), which is important because they are, as a result, legally obligated to place their clients' interests before their own..." Click here to read this article.
Caregiver's Home Companion. January 31, 2006 - Paul Winter was quoted in an article on the pros and cons of using reverse mortgages to fund retirement expenses. Winter, founder of Five Seasons Financial Planning in Salt Lake City, expressed the opinion that under the right circumstances this strategy could be very useful for house-rich, cash-poor seniors. Click here to read this article.
Deseret Morning News, October 30, 2005 - Paul Winter, MBA, Principal of Five Seasons Financial Planning in Holladay, offered potential solutions for couples having difficulties communicating about money matters. Paul, a Fee-Only planner, suggested several ways for a spouse to break the ice in discussions about family finances. He stressed that both husband and wife need to be aware of their financial circumstances in case of an unexpected death, disability or divorce. Click here to read this article.
MSN Money, August 2, 2005 - Paul Winter, a Fee-Only financial planner, was quoted in an article warning investors about the potential pitfalls of relying on stockbrokers for mutual fund advice. In “5 Questions to Ask Before Hiring a Broker,” journalist Tim Middleton outlined a variety of circumstances that might lead conflicts of interest to taint the advice brokers give their clients. Winter suggested that investors check the background of any broker or securities firm with the NASD or state regulators before doing business with them. Click here to read this article.
Financial Planning magazine, July 2005 - In an article by Susan Weiner entitled "Foreign Indebtedness", Paul Winter outlined some of the benefits of adding foreign bonds to client portfolios. "As a proponent of low-correlation asset classes, I put at least some allocation to international or emerging markets bond funds in the vast majority of client portfolios", Winter said. Click here to read this article.
Financial Advisor magazine, March 2005 - In an article by Karen DeMasters entitled "A Passion for Values", Paul Winter outlined some of the difficulties encountered in constructing portfolios for clients with socially responsible preferences. "Sometimes it is a lack of education on the client's part about the availability of funds that keeps people from asking" [about socially responsible investing], Winter said. In other cases, the lack of socially responsible investment options in various asset classes makes the process more involved, he added. As an example, Winter continued, "one of the weaknesses currently of SRI is the lack of international funds to invest in." Click here to read this article.
Financial Planning magazine, March 2005 - Paul Winter, founder of Five Seasons Financial Planning, contributed to an article entitled "Not Dead Yet" that described the current state of fixed income markets and how advisors are positioning client portfolios in this environment. Winter remarked that, in spite of repeated tightenings by the Fed and all the hoopla about a rising interest rate environment, longer term rates have held steady or moved lower in the past two years. In the interview, he went on to say that he was recommending allocations to floating rate bond funds, Treasury Inflation-Protected Securities (TIPS), and international bonds for his clients. Click here to read this article.
MSN Money, February 15, 2005 - In an article by Tim Middleton entitled "7 Ways to Boost Your 401(k) Returns", Paul Winter warned plan participants not to overload their accounts with employer stock. "I would limit the allocation to a fairly small percentage of your total," stated Winter, who went on to note that most advisers recommend employer stock be limited to less than 10% of retirement assets. Click here to read this article.
InvestmentNews, February 14, 2005 – Paul Winter was quoted in an article on a new form of variable annuity that offers exchange-traded funds (ETFs) as investment options. Winter, Principal of Five Seasons Financial Planning in Holladay, Utah opined that this new product feature should benefit clients by lowering ongoing management fees within the annuity structure. Click here to read this article.
Deseret Morning News, January 23, 2005 – Paul Winter, MBA, Principal of Five Seasons Financial Planning in Holladay, Utah, provided potential solutions for a reader concerned with re-financing his credit card debt. Paul, a Fee-Only planner, suggested several alternative sources of funds to repay the high-interest debt: borrowing against retirement plan assets or home equity, and liquidating taxable investments. “People need to do their homework before trying such solutions,” he stressed. Click here to read this article.
Standard & Poor’s AdvisorInsight.com Website, January 21, 2005 - If a portfolio of individual municipal bonds has to be liquidated before maturity, "transaction costs in the form of bid/ask spreads can be punishing," said Paul Winter, Principal of Five Seasons Financial Planning in Holladay, Utah. The article, entitled “Tax Breaks Make Muni Bonds Look Good”, compares the benefits of investing in muni bond funds vis-à-vis individual tax-free bonds. Click here to read this article.
InvestmentNews, January 17, 2005 – Paul Winter, MBA, was quoted in an article on recommendations that financial advisers are giving clients to start the new year on the right track. Winter, Principal of Five Seasons Financial Planning in Holladay, Utah stressed that now is an opportune time of the year to re-balance portfolios. In particular, clients should ensure that their portfolios haven’t become overweighted in historically volatile asset classes, such as small- and micro-cap equities, real estate investment trusts and emerging-markets bonds, that have outperformed in recent years. Winter adds, "To the extent that asset re-allocations create taxable capital gains, by acting early, clients have the rest of 2005 to offset them by harvesting tax losses." Click here to read this article.
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