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| Creating a Tax-Efficient Investment Plan |
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by Gene Walden
Taxes are an inevitable part of life. But there are ways to minimize the taxes you pay on your savings and investment gains. And every dollar you save in taxes puts an extra dollar in your pocket.
That’s why it’s important to consider the tax implications of every investment you make and to take advantage of the tax savings opportunities offered by the federal government.
The most obvious tax-savings measure for working Americans is to contribute the maximum possible amount to your IRA or company 401k plans each year. Money contributed to traditional IRAs and qualified retirement plans is deducted from your current year’s taxable income. The investments in those qualified retirement plans grow tax-free until you withdraw your funds during retirement. They are taxed as your current income tax bracket. Withdrawals prior to age 59 ½ may result in... MORE |
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| CLICK HERE to get your free 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 strategies and options for your future. |
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CLICK HERE for your FREE Financial Review. Because we place such a high priority on mutual trust in our client relationships, we offer this free analysis to help us both decide if we are a good fit. |
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Financial Planning:
Keeping Your Wealth Intact
It might come as large inheritance, a bonus from work, a lottery jackpot, or a big gain on your stock options, but if you should be fortunate enough to receive a large windfall, you don’t... MORE |
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Tax Planning:
Education Funding Using IRA Distributions
Although this is not recommended (in a perfect world one would have separate funds earmarked for their own retirement and for their child’s college expenses), if you decide that you... MORE |
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Mortgage Tips:
Improve Your Credit Score
A credit score is a number between 300 and 850 that helps lenders determine whether to grant credit. You can improve your score by managing your credit well. A strong credit history... MORE
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Insurance Insights:
Life Insurance Policies
Is your cash value life insurance policy living up to expectations? Many whole life and universal life policies that were purchased in the 1980’s and early 1990’s were purchased with an... MORE |
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Investment Management Updates:
Feeling the Effects of Inflation
As consumers, we have all experienced the effects of inflation. One dollar ten years ago doesn’t go as far today, and conversely, one dollar today won’t go as far in ten years. Inflation affects... MORE
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Thoughts from Bruce Helmer:
The Eeyore School of Financial Planning
If you don’t have young kids around, you may have forgotten about Eeyore, the donkey in the wonderful Winnie the Pooh books. Eeyore walks around with a cloud over his head... MORE |
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Sudoku Puzzle:
When you play sudoku you qualify to win a FREE $25 Gift Card for any participating T.G.I. Friday’s restaurant. This month's puzzle... MORE |
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Upcoming Events:
As most of you know, one of our main goals is to educate our clients and our community. We look forward to seeing you at an upcoming seminar... MORE |
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Minnesota: Blaine, Brainerd, Burnsville, Edina, Mankato, Oakdale, Plymouth, Rochester, St. Cloud, and Vadnais Heights
Iowa: West Des Moines – North Dakota: Fargo |
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