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Year-End Financial Planning

Local Edward Jones' Advisors Offer Beneficial Tips As 2020 Remains Unusually Challenging

As an Edward Jones senior financial advisor, Jeff Kitchen says he believes it’s essential to invest time in understanding what's most important to his clients before directing them about how to invest their money. 

This professional has plenty of experience with which to cross-reference. In 1998, Jeff joined Edward Jones as an advisor, opening the first branch office in West Chester. He became a limited partner in 2003, and was named a principal with the firm in 2015, with responsibilities for the Northeast as a member of the Advanced Branch Team Performance group.

Jeff's two financial tips for year-end financial planning are:

  1. We can't control the markets, but we can control our reaction to it. Staying patient, disciplined, and focused on your long-term goals is critical. While diversification cannot guarantee profits or protect against all losses, it can help reduce the impact of volatility.
  2. Don't play politics with your portfolio. You may be surprised to learn the stock market has increased under every political combination in Washington, providing an annual average return of 10% per year. And the economy has grown regardless of who controlled the White House and Congress. It can be dangerous to your wealth to predict what's going to happen in financial markets based on political configurations in Washington.

Jeff is active in the community as a member of the Exchange Club of West Chester, Greater West Chester Chamber of Commerce and St. Agnes Pastoral Council. He also was the former president of the West Chester Area Senior Center, Exchange Club of West Chester and the Greater West Chester Chamber of Commerce.

Jeff Kitchen, Accredited Asset Management Specialist, Edward Jones financial advisor
105 South High St., West Chester
610.430.1320

Edward Jones financial advisor Brendan Murphy affirms he always seeks to truly understand what goals his clients are working toward, as well as their unique circumstances and comfort with risk levels. 

"My primary goal is to help clients organize, build, protect and eventually transfer their wealth. I believe everyone deserves sound financial advice so they can make informed decisions," says Brendan. 

Brendan's two financial tips for year-end financial planning are:

  1. Fully understand the SECURE (Setting Every Community Up for Retirement Enhancement) ACT and CARES (Coronavirus Aid Relief, and Economic Security) ACT and their impact to retirement strategies. These pieces of legislation could affect the Individual Retirement Accounts and 401(k)s of millions of Americans, beginning in 2020. You'll want to learn how these changes might help, or impact you, either as you live in retirement, or as you continue to save for it.

  2. Changed jobs? Stay organized. How you handle your 401(k), pension or other employer retirement plan when leaving a job is a very important financial decision. Know your employer retirement plan options, learn the distribution options, learn how to avoid the 20% IRS withholding and how taxes, penalties and investment options factor into your decision.

Prior to assisting Edward Jones clients, Brendan served as a naval officer and pilot for 25 years. He currently serves on the boards of Longwood Rotary Foundation and the Military Officers Association of America Valley Forge Chapter. He also serves as a member on Service Academy nomination interview panels, and as a Blue and Gold admissions officer to assist high school students in their pursuit of being admitted to the U.S. Naval Academy.

Brendan Murphy, Accredited Asset Management Specialist, Edward Jones financial advisor
520 S. Bradford Ave., West Chester
610.436.4101

Brad Abel, an Edward Jones financial advisor, says he especially enjoys helping with retirement savings strategies so clients have more options when they retire, regardless of what they decide to do.

Prior to joining Edward Jones, Brad worked as an IBM financial sales executive, and as a Turner Foundation grant associate. He's active in the West Chester Rotary, serving on the board and chairing the annual Chili Cook-Off. He was awarded Rotarian of 2016/2017. He's also a member of the Greater West Chester Chamber of Commerce, and has been a board member of the West Chester Area Senior Center.

Brad's two financial tips for year-end financial planning are:

  1. Market declines can test the nerves of even the most patient investors. If you own a diversified mix of quality investments, resist the temptation to sell or make changes based on short-term events.
  2.  Market sentiment is likely to swing from optimism to anxiety as the economy continues down the path of recovery. Consider using periodic market swings to help fill in portfolio gaps and enhance diversification across asset classes, sectors and geographies.

"At Edward Jones, we believe relationships are key," he says. 

Brad Abel, Edward Jones financial advisor
206 West Miner St., Floor 1, West Chester
610.696.0210

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