A recent study shows that more than 90 percent of investors do NOT know how much their 401(k) costs. You can often reduce the cost of your retirement investments.
According to a NerdWallet study, roughly 92 perent of Americans have no idea what they’re paying in 401(k) fees. Many also underestimate their fees and wind up losing thousands of dollars in retirement savings. Of course, some of the expenses in your plan are set by your employer, but there are things you can do to reduce the bite that comes out of your account.Read Full Article
Archives for February 2017
Investing in Extended Care
When you’re thinking about your life in 10 year, 20 years, and maybe even in 30 years, you probably like to avoid thinking about your healthcare needs. For many of us, we want to focus on the life we’re living now, and we set aside a retirement fund that we can let grow without any substantial help from us. Unfortunately, there are some things you just can’t avoid thinking about, including extended care. When you’ve worked for years and enter retirement, if you plan on living a long life, you may also plan to live a healthy life. But what happens if you can’t? What happens if you need extended care and you haven’t planned for it? At Dunncreek Advisors, we want to help make planning for your life easier by offering you our financial advising services to help you invest in extended care today so that you won’t have to worry about your healthcare tomorrow. Our St. Paul, MN extended care investment advisors are here to help you choose the best planning and investing methods for your budget and lifestyle, ensuring that you have the best possible extended care investment plan possible.Read Full Article
Ag Jobs for Those Who Want Them
Part of an effective legacy plan usually includes at least one off-farm job. The supplemental income and benefits are often key to a successful transition from one generation to the next. Good News! The USDA says that there are more entry level agriculture jobs than graduates.
As we map out a transition plan to move the farm business from one generation to the other, two things are common. One is that the junior generation goes to college to develop skills to help improve the business. Two is that as the transition unfolds, the junior generation typically needs supplemental off-farm income to finance the transition process. The good news is that there is plenty of work for a college graduate with a degree in Agriculture.Read Full Article
Make Your Farm Great Again – Keep the Kids in the Business
With the election of Donald Trump as U.S. President there has been a lot of talk about his family and their role in the family business. For many farm business owners this is common. Is it always good for the business?
We have seen a lot of the Trump family in recent months. The new President has said he will turn over all his businesses to his adult children. Is your operation ready for a similar change of leadership? Would it be a good idea?Read Full Article
Make Your Farm Great Again – Keep the Kids in the BusinessRead More
How to Setup a Budget That You Can Stick To
One of the most common frustrations we hear at Dunncreek Advisors has to do with sticking to a budget. While budgeting isn’t always fun, it’s a critically important way to live within your means, and to prepare yourself properly for retirement. If you’re looking to setup a realistic budget for you or your family, follow the following steps.Read Full Article
Retirement Planned Investments
At DunnCreek Advisors, we’re invested in helping you have a successful retirement; that’s why we provide retirement advising services in St. Paul, MN. Our retirement financial advisors can help you formulate a retirement investment plan that will not only help you save money for retirement but will help ensure that you know what your retirement expenses will be and how you can save enough money now to afford them later on.Read Full Article