The Current CD Quandary
Economists thought inflation would pick up. Guess again.
The Consumer Price Index has advanced less than 2% in a year. Mortgage rates are still not far from historic lows. Low inflation is still with us even in this economic recovery, and it may make the Federal Reserve reconsider its near-term timeline for normalizing monetary policy.1
Cybercurrencies, A Risky Choice
Then Investors attracted by bitcoin & other altcoins should recognize their downsides.
Bitcoin. Ethereum. Litecoin. Ripple. These are just four of the cybercurrencies attracting opportunistic investors today. Are they the next big thing? Or the next big bust?
Are Financial Advisory Fees Tax Deductible?
In some cases, they may be. Read on.
Do you itemize your tax deductions? Then you might have a chance to partly or fully deduct the cost of the advisory fees you pay for the investment, legal, and tax advice you receive.
Even those who have saved millions must prepare for a lifestyle adjustment.
A successful retirement is not merely measured in financial terms. Even those who retire with small fortunes can face boredom or depression and the fear of drawing down their savings too fast. How can new retirees try to calm these worries?
Two factors may help: a gradual retirement transition and some guidance from a financial professional.
… and for how long?
You might be surprised how many people have financial documents scattered all over the house – on the kitchen table, underneath old newspapers, in the hall closet, in the basement. If this describes your financial “filing system,” you may have a tough time keeping tabs on your financial life.
Once widely disparaged, these loans are getting a second look.
Too many baby boomers are retiring with insufficient savings. Some of these boomers are “house rich” and “cash poor,” and in response to their circumstances, they may decide to arrange reverse mortgages. That move could make funding their retirements a little easier.
Companies are luring & retaining employees with this key perk.
What do your retirement plan participants wish you would offer? Besides the chance to save and invest part of their paychecks, that is?
What are the implications of this new treaty?
On July 6, the eve of a G-20 summit, a global trade pact planned for four years took a major step toward reality. In Brussels, Japanese Prime Minister Shinzo Abe, European Commission President Jean-Claude Juncker, and European Council President Donald Tusk unveiled a sweeping free trade treaty strengthening economic ties between east and west.1
How can you convey its importance and its meaning?
Are you an owner of a thriving business or a medical or legal practice? Are you a highly paid executive? If you have children, at some point they may discern how wealthy you are – and in turn, learn how “rich” they are. How will you handle that moment? How will they handle that knowledge?
Some retirement savers choose this option in their 401(k) plan.
Ever hear of an SDBA? That acronym stands for self-directed brokerage account. If you are enrolled in a 401(k), 403(b), or 457 plan, you might want to see if your plan gives you this option, which is often unnoticed.
Are they worthwhile alternatives to traditional LTC policies?
The price of long-term care insurance has really gone up. If you are a baby boomer and you have kept your eye on it for a few years, chances are you have noticed this. Last year, the American Association for Long-Term Care Insurance (AALTCI) noted that married 60-year-olds would pay between $2,000-3,500 annually in premiums for a standalone LTC policy.1
You could save today & tomorrow, often without that penny-pinching feeling.
Directly & indirectly, you might be able to save more per month than you think. Hidden paths to greater savings can be found at home and at work, and their potential might surprise you.
Phone: 952-406-8316
Fax: 952-406-8316
Email: greg@fergusonfinancialinc.com
5100 Eden Avenue, Ste. 311 , Edina, MN 55436
We created Ferguson Financial, Inc. to work as your personal financial advisor offering you a wide range of wealth management solutions including financial planning, estate planning, investment management, risk management and investment planning. We proudly serve clients from Minneapolis & St Paul, Minnesota, as well as the surrounding communities.
Previous Awards were received for
2006, 2007, 2008, 2010, 2011, 2012, 2014, 2015, and 2016
If a company has the Super Service Award logo on their company record, then they have won the Angie's List Super Service Award® for the year indicated. Each year Angie's List awards this honor to companies that have given outstanding service according to the members for the previous year. The most recent award given is for 2017. In 2017, the criteria for the award included receiving a minimum number of reviews from our members, maintaining an A average on both the reviews for 2017 as well as on their overall reviews and not being in poor standing with the Better Business Bureau. Less than 5% of the companies on Angie's List received the award in 2017. Please keep in mind that the award is based on the company's previous service and you should always check Angie's List before hiring because a company's rating can change.
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