Co-Authored by Katy VermeerEstate planning is one of the key components of the integrative wealth management process. However, for many people, absent major life changes, drafting or updating estate documents is a process they may only consider every five to ten years. We recommend, however, that clients consider the following five key related items on a more frequent basis:Beneficiary Designations Beneficiary designations are a very important part of one’s broader estate plan because ... [Continue Reading]
Articles and Publications
A library of topical publications and articles written by CCM team members specifically for our clients.
Governor Mark Dayton signed an omnibus tax bill on May 30, 2017, that included several changes to Minnesota tax laws we’d like to make you aware of. We will be incorporating these changes as we complete your tax projections or provide you with tax planning recommendations.Following is a summary of various highlights of the bill:Estate Tax ChangesThe bill increases the amount that is exempt from estate taxation in 2017 from $1.8 million under current law to $2.1 million. The bill ... [Continue Reading]
The adoption, delaying, and reconsidering of the Department of Labor’s Fiduciary Rule has been a recent hot topic in the financial services industry. Much discussion and controversy has been swirling about whether the Rule would be adopted in its original form, modified in some way, or completely scrapped.As most of you know, CCM is firmly grounded in the fiduciary standard of care. If you missed Greg Carlson’s recent article on this topic, I encourage you to read, “What the Fiduciary Rule ... [Continue Reading]
What will the average age of your workforce be in ten years? This is a question that many forward-thinking business owners and executives are asking themselves. The reality is that many so-called “older” employees, or employees beyond what is considered average retirement age, will be forced to stay in the workplace longer due to a lack of sufficient retirement savings.A recently published U.S. Government Accountability Office (GAO) analysis of a 2013 Survey of Consumer Finances found that ... [Continue Reading]
TRIVIA TIME: how many stocks make up the Wilshire 5000 Total Market Index (a widely used benchmark for the U.S. equity market)?While the logical guess might be 5,000, the reality is that as of December 31, 2016, the index actually included around 3,600 companies. In fact, the last time this index contained 5,000 or more companies was at the end of 2005.1 Surprisingly to most, this reduction in investable companies is nothing new. Over the past two decades, there has been a steep decline in ... [Continue Reading]