Resources

As advisors, we spend a lot of time and effort helping clients set goals. That’s because goals are foundational to financial decisions around investments, asset allocation, and income planning. On one of our recent weekly radio shows on WCCO in Minneapolis (AM 830), we invited our long-standing friend Doug Lennick to discuss the connection between achieving purposeful goals in your life, and how they need to be tied to values.

Published by the Pioneer Press, access original article here. We’re all bombarded daily with warnings about the risk of investing. Buying yesterday’s hot stock. Losing your money in crypto. Crazy Uncle Harry’s can’t miss, ground-floor opportunity.

According to a 2022 Gallup poll, the average age among retirees is now 61, up from 57 in the 1990s. The average expected retirement age among non-retirees is now 66, vs. 60 in 1995. There are a few reasons for this shift to later retirement dates. First, changes in Social Security payouts enacted in the 1980s are coming into play for today’s workers of retirement age — and they’re incentivizing people to stay employed longer to maximize monthly benefits post-retirement.

With the first three months of 2023 behind us, it’s a good time to take stock of your financial plan. In this article, we’re focusing on the items that can help you stick to a financial plan between now and June. April: Risk Management April is the cruelest month, and not just because the weather can be iffy, or your taxes are due on April 18. Turns out it’s also a good month to become more aware of the various types of risk around you.

References to financial wellness are everywhere these days — in updates from your workplace retirement plan to self-help books and the personal finance media. It’s a hot topic, as people are looking beyond their retirement funds to consider a range of financial health concerns, from mental health and work-life balance to emergency funds and cash management.