Navigating Medicaid and Medical Assistance
Navigating healthcare finances can feel overwhelming, especially when it comes to understanding what benefits you qualify for and how to access them. In our latest episode of our Navigating Life Transitions podcast, we break down Medicaid, or Medical Assistance as it is referred to in Minnesota, and what factors go into determining how and when […]
Embracing the Empty Nest
Have you recently found yourself with an “empty nest?” Many parents and guardians are met with this new reality as children launch into young adulthood by moving away to college, entering the workforce, or pursuing other opportunities away from home. It can be an emotional time filled with complicated feelings – of various degrees – including sadness, loneliness, […]
Helping Your Young Adult Thrive: 5 Ways to Offer Financial Support with Purpose
As your child takes their first steps into independence, it’s natural to feel a deep sense of pride. Their launch into young adulthood is what you’ve been working towards, whether that’s moving away to college, trade school, enlisting in the military, starting their career or finding another adventure. It’s a milestone and a transition, where […]
The 101 on Your 529 Plan
After years of putting funds away for the future, your student is off to college and ready to access funds in their 529 plan. But how exactly does it work? What expenses qualify? What’s the best way to approach distribution? What are the tax implications? Here are some important considerations to keep in mind: Qualified […]
Navigating the Search for a Retirement Community
In planning for retirement, it’s easy to let our minds wander towards beaches and palm trees or whatever the picture of our dream lifestyle represents. For many, the thought of needing any sort of long-term care is still quite distant. But the reality is that most adults will need senior care at some point. Today, […]
Retirement Savings Options for the Self-Employed
Portions originally published in Nov-Dec 2024 Upsize Magazine, updated July 2025 Saving for retirement is a crucial part of running a business and, fortunately, there are plenty of options tailored specifically for the self-employed. In addition to growing the value of the business over time, self-employed individuals have four main qualified retirement savings options available, […]
Maximizing Retirement Savings for High-Income Earners
For high-income earners, the journey to a secure retirement often involves navigating complex financial landscapes. Traditional retirement savings options, while valuable, may not be sufficient to fully capitalize on your earning potential. By understanding and strategically utilizing key strategies and benefits available to you, including deferred compensation plans, stock options, and after-tax 401(k) contributions, you […]
Overview of New Tax Laws
On July 4, 2025, President Trump signed the One Big Beautiful Bill Act (OBBBA) into law. This legislation primarily addresses the scheduled expiration of key provisions from the 2017 Tax Cuts and Jobs Act (TCJA). While several changes take effect immediately for tax year 2025, others will be phased in over time. Here is a […]
Philanthropic Financial Planning: 5 Considerations for Your Personal Giving Strategy
In today’s world, philanthropy is more than just an act of kindness; it can also be a powerful financial strategy. When thoughtfully integrated into your financial planning, philanthropy can align with your personal values and create a meaningful impact while providing potential tax benefits. By viewing philanthropy through a financial lens, you can achieve several […]
Add goals and values into your personal financial plan with these four steps
A personalized financial plan goes beyond mere numbers. It intertwines your personal values, goals, and aspirations with your financial decisions. This tailored approach ensures that your financial resources are directed towards what truly matters to you, from building wealth to supporting family, traveling to investing in meaningful causes. Why Personalization Matters Personalization matters because it […]