What image does a “family meeting” conjure up for you? Do you think of your childhood when your parents would ominously announce, “It’s time for a family meeting!” or maybe it’s your spouse asking, “Does this incident warrant a family meeting?” In our home, one form of a family meeting occurred when my husband and I had casual discussions with our three kids over dinner when we would say something along the lines of, “We have something important to talk about.” I recently asked our young adult ... [Continue Reading]
Financial Planning for Women
Articles and resources related to Financial Planning for Women.
Looking around, whether in a restaurant, an airport or even on the beach, you may be observing more and more people out on their own—or perhaps with a group of friends. There are many ways one might be taking note that one of the largest growing demographics globally is single people. 1 This shift in demographics can also be seen here in Minnesota. In 2017, whether by choice or circumstance, 41% of women in the state over age 29 were widowed, divorced, or not married. 2 A single status may ... [Continue Reading]
As we move quickly along into a new year and embrace the opportunity of fresh starts, we often experience feelings of hope, inspiration, and anticipation. A new year is a natural time to pause and evaluate what has gone well in the past and what we want to improve in the future. We set goals, make resolutions, and envision the future we want to create. Many individuals have goals relating to their finances. For some this may be to save for a large purchase or trip. For others this may be to save ... [Continue Reading]
Co-Authored by Katy Vermeer Retirement planning involves a multi-faceted analysis that requires a combination of data gathering, quantitative and qualitative analysis, and discernment. It is an on-going process that offers peace of mind to our clients as their life goals evolve. As people approach their retirement years the number one question advisors are often asked is, “Do I have enough?” While the internet offers a host of formulas, calculators, and rules of thumb to answer this ... [Continue Reading]
IRA’s (Individual Retirement Accounts) are one of the most common ways to save for retirement. Conceptually, they are familiar to many, but the details related to and surrounding these types of accounts can be confusing. Many investors are also familiar with Roth accounts, which are a type of an IRA. This time of year, January thru April 15, is a critical time to understand IRA parameters since during that time you can address both tax years--2017 and 2018. In this article by Jim Glass of The ... [Continue Reading]