With retirement comes freedom and flexibility. But many people reaching retirement have a lot of questions and misgivings about the good times ahead. That’s why, while we take a financial assessment for a client’s retirement, I initiate discussion about their life plan moving forward. Here are some emotional challenges people don't always consider.
How much can you withdraw from your retirement funds? Barron's publication gives us formulas and strategy on fixed and discretionary spending vs. guaranteed fixed income in your portfolio.
Recent tax reform will lower the overall tax bill for millions of filers beginning in 2018. On the flip side, however, it has made it more difficult for most people to realize a tax benefit from making charitable contributions. In our experience, there are still strategies you can undertake to optimize your philanthropic efforts from a tax standpoint. Effectively utilizing donor-advised funds can allow individuals to reduce their income tax liability while directing funds to their favorite charities.
Kevin Fruechte, Chief Research and Operations Officer at Olson Wealth Group, completes the Certified Private Wealth Advisor (CPWA®) program and now combines this certification with his CERTIFIED FINANCIAL PLANNER (CFP®) and Chartered Financial Analyst (CFA) credentials. In so doing, he becomes the sole advisor in Minnesota to simultaneously hold all three of these prestigious designations.
A sudden financial windfall can be a mixed blessing. We discuss the common responses and challenges when sudden wealth enters your life.
Glenn Raffenach from The Wall Street Journal gives you some resources to ask the right questions when looking for a financial adviser.
Won’t be itemizing your deductions under the new tax bill? That doesn’t mean there won’t be piles of paper stacked up on your dining room table.
How carefully do you review the myriad of investments in your portfolio to be certain they are aligned with your values? Can you trust your financial advisor to work in your best interests? The director of the C.D.C. found out the hard way about investments and conflicts of interest.
Olson Wealth Group provides a candid look at the 2018 Market.
U.S. Trust survey notes that 60% of millennial investors either own impact assets or have expressed interest in impact investing, versus 24% of baby boomers. This can lead to tension when transitioning money and family values to the next generation.