Your Financial Snapshot

Where do you want to be in five years? Ten years? Twenty years – and throughout your retirement? Preparing a financial snapshot will help you achieve those goals.The snapshot should include:

• Short-term goals. This might include establishing an emergency fund, adequate insurance, and other items that may be purchased on an annual basis.
• Intermediate goals. This might include a new car, a new home, improvements to your existing home, a boat, or a vacation home.
• Long-term goals. Do you want to start a business in a few years? Buy a bigger house? Retire to a warmer climate? That should be include in your long-term goals.

Laying out your lifetime goals is the first step in reaching those goals.

5 Steps to a Successful Retirement
Presented by Jeff Hockert

June 6 @ 6:00 PM
ASID House
Parking Available at Wayzata Bay Center
Wayzata, MN 55391

June 7 @ 7:00 PM
Como Conservatory
1225 Estabrook Drive
St. Paul, MN

June 13 @ 2:00 PM
Prairie Bay
15115 Edgewood Drive
Baxter, MN

June 14 @ 7:00 PM
Somerby Golf Club
975 Somerby Parkway
Byron, MN

June 15 @ 2:00 PM
Holiday Inn
14201 Nicollet Avenue So.
Burnsville, MN

June 20 @ 2:00 PM
Wayzata Seminar Room
1905 E. Wayzata Blvd.
Wayzata, MN

June 27 @ 2:00 PM
Interlachen Country Club
6200 Interlachen Blvd.
Edina, MN

June 28 @ 7:00 PM
Mankato Office
810 Madison Ave.
Mankato, MN

June 29 @ 2:00 PM
St. Cloud Country Club
301 Montrose Road
St. Cloud, MN

To register for any of these seminars, please call
1-800-487-1952 or visit wealthenhancement.com

Wealth Enhancement Group has helped thousands of Minnesotans plan for a comfortable retirement. With a team of experts well-versed in financial planning, investment management, and maximizing tax strategies, Wealth Enhancement Group will help you achieve the life you imagined.  

Cash in Tax-Advantaged Retirement Plans 

Are you taking full advantage of the tax-friendly retirement funding programs available to working Americans? If you’re not allocating as much money as possible to your IRA, Roth IRA, or work place retirement plans, you’re missing out on the best Congressionally-enacted savings programs ever offered.

Those plans provide wage-earners with an opportunity to save on taxes throughout their working years. There are three primary retirement fund options you might qualify for:

Company-sponsored plans. The most common of the company sponsored plans is the 401k plan, which allows employees to sock away $15,000 to $20,000, depending on age, in pre-tax earnings per year – plus a possible company match.  

Traditional IRA. Your contributions – up to $4,000 (or $5,000 if you’re 50 or over) – is exempt from the current year’s income taxes and grows tax free in the account until you withdraw it after retirement. However, if you have a retirement plan at work you may not be able to contribute to a traditional IRA.

Roth IRA. You can contribute to a Roth regardless whether or not you’re covered by a retirement plan at work. Your contributions – up to $4,000 (or $5,000 if you’re 50 or over) is not exempt from current year’s taxes, but grows tax-free and can be withdrawn tax-free after retirement.

You may want to talk to a financial advisor to see whether you qualify for one of these tax-advantaged plans.

“Life Support”…

When you purchased your permanent life insurance policy, you purchased a financial vehicle designed to last a lifetime. Life insurance is a complex financial instrument and like all financial vehicles it should be monitored to make sure that it is performing as expected.
 
For many years fixed interest permanent life insurance policies have been hampered by the lowest interest rates in decades. Many rates of return are well below the historic averages. The result – many life insurance policies will not perform as intended.
 
Reviewing the status of your policy every 2-3 years will assist you in managing the policy so that it continues to meet your objectives.
 
At Wealth Enhancement Group we have created a complementary program to assist you with a review of your existing fixed interest life insurance policy. If you would like to learn more, please call Rich Schlueter at 952-249-5029, or 1-800-492-1222, ext. 5029.

Your options for what to do with your money may seem as boundless as the Minnesota prairie sky. But, in truth your options are limited because you can really only do five things with money. You can spend it, save it, invest it, pay taxes with it, or give it away. Slice this pie however you like but there are only these five pieces. For most people only two slices are mandatory-spending it and paying taxes with it. Saving, investing, and giving it away are optional. Most people spend too much and pay too much in taxes and they save and invest too little. We want to help you slice the pie more to your favor.

CLICK HERE to get your copy of our 24-page retirement booklet, ”Planning for Retirement – Strategies for Your Life, Your Finances, and Your Future”. In this booklet, you’ll learn more about startegies and options for your future.