What does it really cost to buy a mutual fund?
Almost every retirement portfolio includes some mutual funds. But you may be surprised at the costs you don’t even know you are paying to own these products.
For many families, investments were put in place a long time ago and you may not have looked at them in years. Like your home owners insurance and your physical health, it pays to have a periodic checkup on your retirement account to be sure you are healthy. Read Full Article
Why Are You Not Beating the Market?
Often people wonder why their personal investment account is not growing as fast as the indexes they hear about in the news.
Unless your investment account owns all 500 stocks in the S&P 500 in the same proportions as the index, your account CANNOT match the index. And, if your goals call for less volatility than the overall stock market, you will likely own some fixed income investments and a variety of different kinds of stocks in a diversified portfolio. Read Full Article
Big Picture Strategy for Farm Transition Plan
As you consider the farm business legacy and transition plan, it can seem rather daunting. There are a lot of details involved. Sometimes it helps to step back and understand the big picture.
Regardless of the particulars of your specific farm business, a basic strategy can usually help you wrap your head around the work that needs to happen regarding the transition plan. Read Full Article
Questions to Ponder Regarding Your Estate Plan
When is the last time you reviewed your estate plan? If it has been any longer than about 3 years ago, it is time for you to dust off the cobwebs and evaluate your existing estate plan. Although it is easy to forget about your estate plan, the last thing that you want is for your estate plan to be outdated if something was to unexpectedly happen to you. When it comes to evaluating your estate plan, it never hurts to have experienced and professional estate planning guidance on your side. By partnering with our staff at Dunncreek Advisors, that is exactly what you get! If you are in the middle of reviewing your existing estate plan, we have a couple of questions for you to ponder. Read Full Article
Retirement: Surprising Cost of Healthcare
Sometimes as we think of moving out of the workforce into retirement, we think that we won’t need much to live on. It’s easy to be wrong, especially when it comes to health care costs.
Recent studies show that retirees will need $130,000 each just to cover out of pocket expenses of health care. This is in addition to coverage by Medicare. Read Full Article
Is Your Nest Egg Enough?
When you get serious about retirement, one important question is, “How much savings will I need?” Even if you plan to rent out farmland for retirement income, you still need a nest egg.
Part of the challenge to answering the “how much is enough” question, is accurately predicting what your retirement will look like. There are a few moving parts to consider: Read Full Article