Blog
Tackling Long-Term Care Needs and Managing Your Wealth
Here at Wealth Management Group in Minnesota, our mission is to prepare you for the future financially. It’s hard to think about, but long-term care is an important need for which you should prepare. How much care might you need?
Read MoreHow to Optimize a Divorce Settlement when Interest Rates are High
Navigating the choppy waters of divorce is tough enough, and when you throw high interest rates into the mix, it’s like adding a rogue wave to an already stormy sea. But don’t worry, there are things you can do to optimize...
Read MoreStocks Waiver In October: Insights from a Financial Planner
Have you been concerned about stocks wavering last month? As a financial planners, we've noticed that the month of October has been associated with frightening incidents in the financial world. Perhaps this is because two significant stock
Read MoreThe Nitty Gritty of Gray DIvorce and Social Security
Today, I want to delve into a topic that’s becoming increasingly common and impactful in our lives: gray divorce. Yep, you heard it right – the dissolution of marriages among those who have seen a few more sunrises than...
Read MoreIt’s Never a Straight Line
It’s never a straight line Last year was a year most investors would like to forget. While the performance was underwhelming, let’s not forget some of the lessons learned. We recognized that a well-diversified portfolio of...
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Tackling Retirement Health Care Issues
A single person age 65 in 2023 may need about $157,500 saved after taxes to cover health care expenses in retirement, according to Fidelity. In 2023, their estimate for an average retired couple aged 65 is around $315,000. The...
Read More7 Tips for Planning for College
Getting prepared for college can be both exciting and overwhelming for a high school senior. What might your goal-oriented peers do that will help them succeed as they set out on a new path? Having a clear roadmap to guide your...
Read MoreAugust Market Update
Is the stock market up 7% or 37% this year? Well, it depends. According to one major index, the market is up a respectable 7%. That’s not bad following last year’s dismal performance, but contrast that with another...
Read MoreUnderstanding Social Security Benefits and Divorce
We understand that Social Security benefits play a considerable role in both the immediate and long-term financial well-being of individuals, particularly in the context of divorce. To effectively negotiate a successful divorce...
Read MoreBe on Guard
There is no shortage of tricks that scammers will use to deceive the elderly. Some will use deceitful emails and texts that encourage you to redirect to their fraudulent websites. Others may impersonate loved ones,...
Read MoreBreaking Free of the Bear
A bear market is defined as a 20% or greater drop in a major market index, usually the broad-based S&P 500 Index.Unlike the better-known Dow, which comprises just 30 companies, the S&P 500, as its name implies,...
Read MoreThe Role of a CDFA in Divorce
The landscape of divorce is evolving. The old model had you running out and hiring an attorney to handle everything. Then the idea that a mediator could be part of the process became widely accepted, especially if the couple was...
Read MoreRecession Aversion and June Economic Update
Last August, the highly respected Conference Board, which compiles the Leading Economic Index, believed the U.S. economy would not expand in the third quarter of 2022 and “could tip...
Read MorePlan for a Comfortable Retirement
We plan for retirement because we know that we may not want to work forever. An artificial retirement age set by our employer may limit our options. Health issues may also dictate when we decide to retire.With your input, we can help...
Read MoreA Crisis of Confidence
Have you ever reflected on the foundation of the financial system? What comes to mind? Banks, investors, the stock market, the bond market, or the credit markets? That's partially true.They are the underpinnings, but the foundation or...
Read MoreTax Time—Tips to Cut Your Bill
The IRS announced that January 23 was the start of the 2023 tax season—or the date the IRS began accepting 2022 tax year returns.If you have yet to file, most taxpayers have until Tuesday, April 18, 2023, to submit their tax...
Read MoreExercise Your Financial Muscles to Get Financially Fit
What is financial fitness? Well, we are all familiar with the term physical fitness. If pressed for a definition, we might define it in terms of our own ideas and circumstances. When it comes to an explanation of financial fitness, the...
Read MoreHow the Change in Retirement Laws Will Affect You
Whether you reached your personal goals last year or faced challenges, a new year brings new opportunities and a fresh start.Let’s jump right into this month’s topic. The Setting Every Community Up for Retirement...
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