Even in the busiest time of the year, you can still take a moment to cut your tax bill.
As the year winds down, many folks are thinking about the family and holiday celebrations and might not be thinking of tax day on April 15. Here are three ideas that can you can act on before the end of December that will save you taxes. It’s a good idea to talk with your fiduciary, fee-only financial planner about your tax strategy. She can likely give you a couple more great ideas to take to a meeting with your tax professional before year end.Read Full Article
Women Outlive Men?
If you’re worried about living longer than your partner, you might wonder whether women really do live longer than men. Although it’s not the same for every couple, on average, women outlive men by five years, which means that women should plan to live about the much longer than their partners. Although everyone will be different, especially depending on health concerns, history, and unforeseeable events, it’s best to plan now for what you can’t predict tomorrow. The good news is that simply by knowing that women tend to live longer than men, you can plan for that possibility now. At DunnCreek Advisors, we provide St. Paul, MN retirement investment services, helping individuals plan for retirement and extended care needs. With the right investment strategies and smart planning for your retirement costs, we can help you ensure that you are financially prepared for your life after retirement, regardless of whether you live longer than your partner.Read Full Article
Importance of Hiring a Fee-Only Financial Advisor
Are you properly planning for your retirement? The reality is that most people in America aren’t doing enough to prepare for life after retirement. The average 50 year old person has just over $40,000 saved for retirement. This is alarming considering that many experts believe that if you expect to draw $5,000 per month assuming a 6% annual return on your investments and 2% inflation, you’ll need to have bit more than 1 million dollars saved at the time of retirement. While you may or may not need 30 years worth of retirement savings, it’s best to plan for it. At Dunncreek Advisors, we’re fee-only financial advisors who are focused on looking out for your best interests at all times. In this blog, we’ll go into why it’s so important to work with a fee-only financial advisor.
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Retirement Planned Investment
Everyone hopes that at some point in their career, they’ll have enough financial stability to retire. Unfortunately, individuals are having to work longer than ever before because daily life is so expensive. There always seems to be expenses that hold you back from focusing efficiently on your retirement. Whether it be diapers, medical expenses, college loans, or your mortgage, the truth that people do not want to hear is that these types of expenses will always be around. So, how are you going to be able to retire with these expensive items always holding you back? Well, sometimes assistance is all that you need. At DunnCreek Advisors, we have a passion for helping individuals in St. Paul, MN with their retirement planned investments.Read Full Article
Extended Care Investment
No one wants to think about needing extended healthcare after retirement, but it’s an important factor in planning for retirement. Without setting aside funds for extended healthcare now, you may find that, when you’re in need of extended care in the future, you won’t have the funds or insurance to afford your healthcare needs on your own. Rather than leaving your healthcare to chance, come to DunnCreek Advisors to begin planning your investments in extended healthcare. Our St. Paul, MN extended care investment advisors can help you ensure that when you reach retirement, no matter what happens, you’re prepared for any healthcare needs you may have now or in the future.Read Full Article
Portfolio Rebalancing
If an investment is successful, many people assume that they should stick with it and watch it grow. However, that is not always the best strategy if you’re looking to have a well-rounded, successful portfolio that fits the criteria you originally lay out, including the risk profile and composition of your portfolio. In fact, the longer you let your investment portfolio rest, functioning without evaluating the changes it undergoes each year, you may be surprised just how far you’ve gone from your original investment portfolio. At DunnCreek Advisors, we want to help you ensure that you’re making productive changes to your investments, so we provide St. Paul, MN investment advising services to be sure you have access to the information you need to make smart investment choices, starting with rebalancing your portfolio.Read Full Article