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Friday, November 7, 2025

Make smart year-end financial moves before Dec. 31. Maximize retirement contributions, review taxes, use benefits, rebalance investments, and confirm RMDs to start 2026 strong. Wealth Planning Group can help you plan with confidence.

Wednesday, October 8, 2025

Retirement in Minnesota comes with hidden costs—healthcare, taxes, inflation, home upkeep, and family support. Planning ahead with Wealth Planning Group helps protect your savings and ensure peace of mind.

Sunday, September 14, 2025

Market update for pre-retirees: interest rates, inflation & income strategies to prepare for a secure retirement. Wealth Planning Group, LLC.

Tuesday, May 28, 2024

Much has been written about saving for retirement, and we adhere to the principle that financial security is a key component to a successful retirement. Many of you are on that road right now, while others are accessing the savings...

Tuesday, May 21, 2024

Everything You Need to Know about Social Security Social Security provides retirees with a basic income. It was never intended to fully cover the cost of living in retirement. But it acts as a supplement to your resources. Social...

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Tuesday, May 14, 2024

7 Ways to Minimize Audit Risks Taxpayers invest about 13 hours preparing their tax returns, according to the IRS’s instructions for Form 1040. More specifically, the IRS says that the average nonbusiness taxpayer spends nine hours...

Tuesday, May 7, 2024

Does the Fed have the right recipe? Have you ever baked a cake? Nothing fancy, nothing complicated. You obtain a recipe, follow the instructions, bake, and out pops a cake ready to enjoy. Simple, right? The cake recipe includes...

Saturday, May 4, 2024

March Market Update Investors disregarded disappointing inflation numbers last month and talk of fewer rate reductions this year. Instead, they remained fixated on robust business earnings and rising enthusiasm for AI, or artificial...

Saturday, May 4, 2024

Records lead to more records During the Civil War, the Union placed a blockade on Confederate ports. In August 1864, David Farragut was given the task of closing the port at Mobile, Alabama, which had defied the order. When Admiral...

Wednesday, February 28, 2024

What is financial fitness? It is not just about having a pile of money in a bank account or a fat portfolio of stocks and bonds. If you're ready to improve your financial fitness, this article can help.

Monday, February 26, 2024

As you navigate finalizing your divorce in Minnesota, you may have questions about how to avoid some common mistakes. Whether you're just starting the process or are ready to sign your divorce papers, we've got 5 divorce mistake to...

Tuesday, February 20, 2024

Looking for a February Market update? Or wanting to know if we're actually in a recession? This Wealth Planning Group article will help you gain insight on what to look for and what to expect in the coming months. Read it here.

Monday, January 29, 2024

Are you familiar with how our federal tax code originated? In 1909, progressives in Congress attached a provision for an income tax to a tariff bill. Hoping to kill the idea for good, conservatives proposed enacting such a tax as they...

Monday, January 22, 2024

Navigating Health Savings Accounts (HSAs) during your MN divorce can be a complex task. Divorces involve the division of assets, and HSAs are no exception. It is crucial to understand the rules and regulations surrounding HSA transfers...

Wednesday, January 17, 2024

Last month, we discussed some of the hazards that Wall Street analysts may encounter when forecasting market returns. On average, strategists predicted roughly a 2% decline for the S&P 500 Index in 2023, according to Bloomberg. When...

Monday, November 27, 2023

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?

Monday, November 20, 2023

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...

Friday, November 17, 2023

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

Monday, September 25, 2023

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...

Monday, September 18, 2023

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...

Friday, September 15, 2023

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...

Monday, August 21, 2023

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...

Tuesday, August 15, 2023

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...

Friday, July 28, 2023

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...

Monday, July 10, 2023

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,...

Friday, July 7, 2023

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,...

Wednesday, June 28, 2023

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...

Friday, June 9, 2023

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...

Monday, May 15, 2023

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...

Monday, April 24, 2023

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...

Monday, April 17, 2023

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...

Monday, April 10, 2023

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...

Monday, April 3, 2023

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...