Atlanta Is Not Detroit: Key Economic Trends are Improving: Private Wealth Advisor Releases Opinion Survey Results
Christian G. Koch, CFP®, President of Private Wealth Management Firm, KAM South, supports release of local Atlanta investor opinion survey.
ATLANTA, April 2, 2013 /PRNewswire/ -- KAM South, a NAPFA fee-only independent private wealth management firm, has released the results of its Quarterly Investor Opinion survey, a quarterly survey that helps to gauge the opinion of individual investors in the Atlanta area on important economic matters. This quarter's survey closed on March 24th and captured a total of 140 responses.
Overall confidence in US capital markets was high among survey takers with 72.9% reporting some level of confidence – although most only demonstrated a moderate level of confidence and just 1.8% of all survey takers reported being "very confident". Among survey takers with a lack of confidence in US capital markets, just 4.5% reported being "very unconfident".
Regarding personal finances, 41.4% of Atlanta-area survey takers believe their personal financial situation will see improvements over the next 12 months.
With individual investors more confident about their personal financial situation, Christian Koch, Certified Financial Planner™ professional, believes "it's equally important for Atlanta families to receive unbiased, candid and informed investment advice on their IRA, Roth IRA and 401K retirement assets. At KAM South, our private wealth practice provides this type of advice with a focus on retirement distribution planning and advising clients on key rollover decisions."
While the KAM South survey reports a general confidence in the US economy among Atlanta-area investors, just 20.9% of survey takers believe the US economy will grow faster than overseas markets and nearly half (48.6%) reported a lack of confidence in the current direction of the US President/Government on economic matters.
When asked how individuals saving for retirement can best take advantage of the current market environment, Koch said "I believe that Roth IRA expertise will be a strategic competitive advantage as clients look to reposition assets and focus on asset location."
Roth IRAs provide tax free income in retirement keeping taxable income low even when taxes may increase. Also, Roth IRAs remove that uncertainty of what future tax rates might be. "Providing financial planning solutions on how to eliminate future retirement taxes has become even more important for individuals approaching retirement," said Mr. Koch.
About KAM South:
KAM South, based in Atlanta, Georgia is a truly consultative financial advisory firm that crafts customized financial solutions by putting each individual client's best interest front and center. Those interested in learning more about the organization are encouraged to visit the firm's website at (www.kamsouth.com). Mr. Koch is a member of Ed Slott's Elite IRA Advisor Group(SM).
KAM South, LLC
Christian Koch, President
Certified Financial Planner ™ professional
SOURCE KAM South, LLC
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