In today’s world of retirement plan fee transparency and litigation over a multitude of plan expense-related issues, business owners and executives (plan sponsors) are becoming increasingly aware of the fiduciary liability they possess – liability that results from the investment decisions they make regarding their company’s retirement plans. We’re observing that many plan sponsors are eagerly seeking ways to mitigate if not eliminate this liability.As a business owner or executive with ... [Continue Reading]
Articles and Publications
A library of topical publications and articles written by CCM team members specifically for our clients.
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]
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]
Transformational Philanthropy: Integrated Planning, Intentional GivingIn an economic climate that challenges investors to be even more creative in their approach to giving, this paper provides steps to creating a Personal Philanthropic Plan - and achieving the satisfaction of experiencing how philanthropy can move from being a result of integrative planning to a reason to plan. ... [Continue Reading]