“New” College 529 savings plan, Bad idea!

“New” College 529 savings plan, BAD idea! Don’t get sucked into doing a College 529 savings plan.  These plans are very restrictive on how the money must be spent, and if you don’t use the money for college you will pay the penalty. Rather, consider the benefits of a non-qualified college savings plan that gives…

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PAY YOUR TAXES NOW!

funding your 401K, your SEP, your IRA and your brokerage accounts and pay your tax bill now.  Current tax rates are at their lowest we have seen in years. The current national debt is $26,523,840,853,125 (as of July 2020) and climbing.  Another $Trillion in stimulus spending is being proposed.  The Trump era tax cuts will…

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We Are Open For Business / Cautiously

    NOTICE! Regarding: Novel Coronavirus Disease (COVID-19) The current state-wide outbreak of this contagious disease in Minnesota and across the nation and the world has affected the lives of everyone. We hope and pray all are safe. We wish those who test positive a quick and complete recovery. In the meantime, in response to the…

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5 Important Things You Should Know About Long-Term Care Insurance

Minnesota Long Term Care Insurance We all want to live as long as possible, but longevity gets expensive. The life expectancy after age 65 is 19.4 years. As we age, we are more likely to need help. According to recent statistics, 70% of people 65 and older will need some kind of long-term care eventually.…

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Pros and Cons of Hybrid Long-Term Care Insurance

Minnesota Hybrid Long Term Care Insurance Many people are concerned about needing long-term care (LTC) and being unable to pay for it. Their concern is justified. According to 2018 statistics, 69% of those turning 65 this year will need long-term care at some point. We are all trying to determine the best way to protect ourselves and…

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Should I Buy a Hybrid Long-Term Care Insurance Policy?

Long-Term Care Insurance Provider Minnesota These days, the average 60-year-old American has about a 50% chance of needing some form of long-term care. This percentage has gradually decreased over the years thanks to advancements in medical science. For your peace of mind, having some form of long-term care coverage in place is a smart move.…

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DO NOT PURCHASE LIFE INSURANCE until you read this.

New to the life insurance industry are life insurance policies that contain living benefits and you don’t pay extra for this feature! Living benefits allow you to choose to collect the death benefit while you are still living. This is a huge benefit and you can get it with term insurance also! Should you need long term care, suffer…

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