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
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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 …
What the Heck is a Fiduciary?
You may have heard about the new rule from the Department of Labor that requires retirement accounts to be managed consistent with a fiduciary standard. Here’s what’s up. The Department of Labor has issued a rule in April of 2016 that requires all investment advisors who provide products and services to investors with retirement accounts to act as fiduciaries.
To be an investment fiduciary means that the advisor pledges to put the client’s interest first at all times. And YES this is a NEW thing. Prior to this time, most financial professionals provided advice about investments under the suitability standard. Which means that they can only present products that are reasonable for a client’s age and goals. But in the eyes of the law, any investment recommendations where seen as a sales presentation and if the client said OK to the recommendation, the client was responsible for the choice.Read Full Article
What to do if Your Family Farm is Worth a Lot of Money
Are you at the point where you’ve got to decide: do we stay or do we go? Do you struggle with making the decision of selling the family farm versus keeping it? At Dunncreek Advisors in Minnesota, we can explain your options to you and your family in hopes that you can make the best decision financially for everyone involved. Read Full Article
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Holding on to the Family Farm May Not Always be the Right Move
Does your family have a family farm that lately has been causing more headaches than happy memories? Let’s face it. Managing a farm on a daily basis is no easy task. While it may have been successfully run in the past by other generations, it doesn’t mean that you are required to keep it going. If your family farm is too difficult to maintain and is causing friction within your family, keeping this farm for the long haul may not be the right move. At Dunncreek Advisors, we aren’t here to make this difficult decision for you, but we are here to help guide you through this and ensure that the financial side of the decision is taken care of for you. Read Full Article
Holding on to the Family Farm May Not Always be the Right MoveRead More
Eight Signs Your Estate Plan is Off Track
A critical link in the chain that makes a smooth and productive transition to the next generation is an effective estate plan. Here are a few things to review to be sure you are on track. Read Full Article