It seems like college tuition continues to rise year after year. For those of you that have toddlers currently, who knows what a year’s tuition will be for your children when they reach college. While you can’t control tuition, you can control your financial preparation. The sooner you begin planning for college, the better it will be financially down the road. At Dunncreek Advisors, we have a passion for helping families prepare for the financial aspects around sending your children to college.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
Importance of a Long Term Health Care Plan on the Farm
There comes a time in everyone’s life where they can no longer function in the same manner than in their earlier years. While this can be extremely sad for a family, it can also be financially devastating as well. Not only does the family farm need to have a plan regarding who will maintain and …
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Implementation of the Game Plan Is as Important as the Legacy Plan
If you are a farm owner who would love to see your farm passed down for generations to come, it is important that you pay attention! Simply coasting through your last decades of life, not updating your farm transition legacy plan may cause you to miss some key items. Has the game plan that you would like to implement with your family farm been truly fulfilled? If you would like to leave the family farm to your children, a regular review of your farm transition legacy plan is a necessity. Our team at Dunncreek Advisors is here to help ensure that everything is in place!
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