While many people in St. Paul, MN, don’t necessarily enjoy getting old, the thought of retirement is sure to put a smile on the face of a lot of individuals. Some people in this country may choose to never retire, but for many of us, it is definitely a goal. Retiring from your place of work is not difficult, however ensuring that you and your family are financially stable at retirement is where the stress occurs. The big question around retirement is where will the money you live off of come from? Chances are that you won’t be winning the lottery soon, so taking the steps now to ensure a stress free retirement is your best bet. At Dunncreek Advisors, we feel that one great way to prepare for retirement is through investing.Read Full Article
Estate Planning
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
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
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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
Happy Birthday – Welcome to AARP
We are all getting older. Maybe you noticed. One rite of passage is the arrival of your AARP application on your 50th birthday. It’s a great wake up call to get your retirement in order.
It came in the mail. Just another envelope to process. But for some reason the letters AARP rang in my head – American Association of RETIRED Persons. You get the envelope around your 50th birthday. Once upon a time, 50 seemed OLD. Now — not so much.Read Full Article
Is Your Farm Family Equipped for the Future?
Estate planning is one part of a farm families finances that often gets overlooked. In fact, research has shown that approximately 60% of American farmers do not have an estate plan in place. Not taking the proper steps in planning for your farm could become financially devastating for your surviving family down the road. At Dunncreek Advisors, we’re here to help you with your estate plan documents to ensure that you at least have the basics in place should something unforeseen happen to you down the road.Read Full Article