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
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
It Pays to Understand Annuities
Annuities are a very popular retirement tool. Since they are contracts with an insurance company, they can sometimes be complicated. Here are 8 Tips to Find the Right Annuity.
When you reach a certain age, you are likely to get invitations to hear about LIFETIME INCOME plans that include a nice dinner and a sales pitch for a product, usually an annuity. The products often sound really great. And for many people, the idea of having SOME of their retirement money guaranteed not to go down, is very appealing.Read Full Article
Fee-only financial planning
Are you looking for someone to manage your money, but not sure where to start? Sure, you would assume that any financial advisor would do, but unfortunately that is not always the case. It’s important to keep a keen eye on the fee structure of any financial advisor that you choose. At Dunncreek Advisors we …
Regularly Reviewing Rules Around Your Homestead
Depending on the state that your farm resides, there may be legislation in place that could help your homestead property financially. For instance, in the state of Minnesota, a special law provides an estate tax exemption for agricultural homestead property. Without the assistance of a financial advisor, you may completely miss this way for your …
Investment Strategies for Retirement
When planning for retirement, there are several factors to consider when creating a realistic retirement plan. While it used to be easy to predict how your retirement would work, these days, it’s not so simple. Many of us have been used to thinking that we should graduate college in our twenties, begin working, start our families in our thirties with an established career, and retire in our sixties. For some, this may be exactly how retirement happens. For others, retirement, and in fact their entire lives, will be much different than this image of ideal retirement and life planning. Don’t worry, though; no matter how unpredictable your career or personal life may be, by planning for your retirement now, you can be sure that you make the right financial decisions today that will ensure a successful retirement down the road. At DunnCreek Advisors, our St. Paul, MN retirement advisors want to help you create a realistic retirement plan for your future. To begin planning your retirement, ask yourself the following four questions:Read Full Article