Blog Posts

  • Puppies, Babies and Retirement: The Power of Letting Go

    July 1, 2013
    World, meet Jasper. This picture shows a cuddly, almost teddy-bear-looking, eight-week-old mini goldendoodle that, for the past 12 years, I have been telling my children they would never get. In the back of my mind, I always wondered if I would ever give in, so at some level I ...
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  • Summer Camp for Business Owners

    June 25, 2013
    Last week, I spoke at the Snow & Ice Management Association (SIMA) symposium, where I discussed how to diversify business wealth. Most business owners plow (pun intended) their profits back into the business rather than saving some money for a rainy day. This is especially true in industries like ...
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  • Paying for a College Education: You Need a Game Plan

    June 20, 2013
    On July 1, interest rates on government-subsidized student loans will double, from 3.4% to 6.8%, unless Congress acts to stop the increase. For someone who graduated from college this year with $10,000 in debt, that would add an additional $340 per year in interest. Of course, many people have ...
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  • Is $1 Million a Lot of Money?

    June 12, 2013
    Many people would say that $1 million is a lot of money. But is it really? That was the question posed last weekend in an article in the The New York Times, "For Retirees, a Million-Dollar Illusion." The article touched upon a number of points that suggest $1 million ...
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  • The Slippery Slope of Cognitive Function

    June 5, 2013
    As a financial advisor, I have learned to deal with many delicate situations over the years. Sometimes I have to tell someone they need to work longer versus retiring today. Sometimes I have to ask tough questions about whether they really should gift their children ...
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  • What Do Mortgage Rates Tell Us About Retirement?

    June 3, 2013
    Last week was an interesting one for mortgage rates as 30-year fixed rates popped up to approximately 4% for non-FHA loans. This will come as a big surprise to those trying to refinance, although new home buyers might not care that much. The reason for the increase is that ...
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  • Minnesota Tax Changes: Income Tax Increases and More

    Minnesota Tax Changes: Income Tax Increases and More

    May 28, 2013
    The Minnesota Legislature has finally closed up shop for the summer. They have left us with a pile of passed legislation to sift through. The general theme is that taxes are going up on many things, from liquor and cigarettes to income and gifting. These tax changes mean that ...
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