Having “The Talk” With Aging Parents

With 76 million people being born between the years 1946 and 1964, a lot of attention has been given to the Baby Boomer Generation’s impact on society- its sheer size forces the issue.  The Social Security Administration reports that everyday around 11,000 people within this demographic turns 65 years old and 10,000 of those are.. read more →

Estate Planning Basics Part III: Gifting

I often meet with clients who believe they are able to just “give away” something to a friend or family member without any consequence. Today I will not only make an effort to bring some clarity to that thought, but suggest how you can use gifting to your advantage when planning your estate. Unfortunately, in.. read more →

Estate Planning Basics Part II: Trusts

Trusts. When most people hear the word “Trust”, there is an assumption that it comes as part of a package deal with a silver spoon; however, this is not always the case. Trusts may be more relevant for your situation than you think. For example, if you are a parent of minor children, drafting a.. read more →

Estate Planning Basics Part I

Often investors tend to focus on how much they need to save in the present, in order to maintain the same standard of living in the future. While having a well formulated savings plan is essential to walking down the path towards retirement, “the unexpected” can rear its ugly head and disrupt the framework you.. read more →

Year-end tax planning – Now is the time to plan!

Year-end tax planning – Now is the time to plan! After December 31st, there are very few options taxpayers have in reducing their 2014 tax liability.  As of January 1st, 2015, taxpayers are pretty much limited to making contributions to their IRA and HSA accounts.  Your tax person ends of just being a preparer rather.. read more →

Show Me the Money!

Finances are personal. So much so that we have rules and laws in place to protect confidentiality, so others don’t know how much we make, how much we have in the bank, or what our tax forms look like. But have you ever considered that in some ways, society is teaching us to be ultra-protective.. read more →

What is a Certified Financial Planner

yeezy boost 350 v2 ukyeezy boost 350 v2 redadidas yeezy boost 350 v2Yeezy Boost 350 Dark Green How To GetYeezy 350 Boost V2 Dark Green June lululemon clearance outlet home It’s one thing to know, for example, that the “C” in CFP® stands for “Certified.” But it becomes a lot more meaningful when you find.. read more →

Sticker Shock: The Cost of Caring for an Aging Parent

During recent financial reviews some of you have brought up the subject of caring for aging parents and the costs associated with that care.  The Financial Planning Association of Minnesota addressed this issue in a recent article we thought may be helpful. Sticker Shock: The Cost of Caring for an Aging Parent First the good.. read more →

Caveat Emptor When Buying Annuities

The financial services industry has done a poor job with making things simple and easy to understand for the majority of the public. There are 50-page mortgage documents, 100-page fund prospectuses, and we currently have an unnecessary and onerous debate in Washington on a widespread fiduciary standard (it should be as simple as the client.. read more →

Retirement Withdrawal Strategies – Is the 4% rule of thumb still appropriate for you?

Many personal finance websites, calculators, and newsletters have long advocated that most retirees would be able to take 4% from their savings in their first year of retirement and then increase that withdrawal amount in accordance with inflation every year for at least the next 30 years.  While even the creators of this rule of.. read more →