Seeking advice when it comes to finances is a good idea, as long as you are seeking advice from the right individuals. Obviously, asking a gambler what you should do with your money is not the brightest of ideas. Instead, asking financial advisors who have years of experience and an education in finance is the right path. When it comes to your current investment portfolio, evaluating and rebalancing is something that should be considered and it’s not a process you should handle without financial guidance. If you are in the St. Paul, MN area, our team at DunnCreek Advisors provide trusted financial advice that can help you rebalance your existing portfolio. Read Full Article
What are the Differences Between a Roth IRA and Traditional IRA?
When it comes to planning for retirement there are a variety of ways that you can go about saving. If your employer offers a retirement plan and match, you should definitely take advantage of this opportunity. While becoming less common, some employers still offer pensions, which offer a guaranteed payout at retirement. However, if you …
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Are You Paying Too Much for Your 401(k)?
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 …
Dow 20,000 – It's Just a Number
The Dow reached the 20,000 mark recently. What does it mean? What should you do?
It’s been hard to miss the news that the Dow Jones Industrial Average of 30 U.S. companies recently hit the 20,000 mark. It’s been almost 8 years since the market pullback of the great recession stopped on March 9, 2009 when the Dow closed at 6,547.05. Although we didn’t know it at the time that was the end of a 17-month slide of 54 percent from the prior peak of 14,164.53 in October of 2007.
[caption id="attachment_394" align="alignright" width="300"] Copyright Drew Angerer, Getty Images[/caption]
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When Should I Start Saving For Retirement?
At Dunncreek Advisors, we feel as though we get this question a lot. If you are wondering when the best, or right, time to start saving for retirement, the answer is yesterday. We say this not to worry you, but to stress the importance of a solid retirement plan. All over the internet, there are a million calculators telling you how much exactly you should put away. Where do they get their numbers? How does it all work? How can we know when the right time to save is exactly? Don’t worry, Dunncreek Advisors is here to help.Read Full Article
Do Women Outlive Men?
For many couples, the idea of living longer than a spouse can be challenging to think about, but it is often the case that one partner will live longer than another, at least for some small amount of time. For women, it may be important for you to know that women outlive men often times. On average, women outlive men by about five years, which means that you may have five years of expenses, or more, once your partner passes. In order to prepare for this possibility now, it’s important to focus on your retirement plan, investments strategies, and possible extended care investments so that you have your finances in order long before you need to think about how you’ll use them. At Dunncreek Advisors, our St. Paul, MN financial advisors want to help you plan for your retirement, and we’ll help you create a retirement investment strategy that considers the trend of women living longer than men.Read Full Article