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  1. Home
  2. Archived Blog
  3. July 2018

July 2018

Save & Invest Even if Money Is Tight

Submitted by Ferguson Financial Inc. on July 31st, 2018

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For millennials, today is the right time.

 

Provided by Greg Ferguson

 

If you are under 30, you have likely heard that now is the ideal time to save and invest. You know that the power of compound interest is on your side; you recognize the potential advantages of an early start.

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Leaving a Legacy to Your Grandkids

Submitted by Ferguson Financial Inc. on July 31st, 2018

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Now is the time to explore the possibilities.

 

Provided by Greg Ferguson

 

Grandparents Day provides a reminder of the bond between grandparents and grandchildren and the importance of family legacies.

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  • Legacy Planning
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Should You Leave Your IRA to a Child?

Submitted by Ferguson Financial Inc. on July 23rd, 2018

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What you should know about naming a minor as an IRA beneficiary.

 

Provided by Greg Ferguson

  

Can a child inherit an IRA? The answer is yes, though they cannot legally own the IRA and its invested assets. Until the child turns 18 (or 21, in some states), the inherited IRA is a custodial account, managed by an adult on behalf of the minor beneficiary.1,2

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Why Do People Put Off Saving for Retirement?

Submitted by Ferguson Financial Inc. on July 23rd, 2018

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A lack of money is but one answer.

 

Provided by Greg Ferguson

 

Common wisdom says that you should start saving for retirement as soon as you can. Why do some people wait decades to begin?

 

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What People Overlook When Shopping for Life Insurance

Submitted by Ferguson Financial Inc. on July 23rd, 2018

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A few realities that must be acknowledged.

 

Provided by Greg Ferguson

  

Shopping for life insurance means paying attention to detail. In scrutinizing these details, however, some fundamental, big-picture truths may be ignored.

 

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Ways to Repair Your Credit Score

Submitted by Ferguson Financial Inc. on July 23rd, 2018

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Steps to get your credit rating back toward 720.

 

Provided by Greg Ferguson

  

We all know the value of a good credit score. We all try to maintain one. Sometimes, though, life throws us a financial curve and that score declines. What steps can we take to repair it?

 

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Should You Use 529 Plan Funds on K-12 Education

Submitted by Ferguson Financial Inc. on July 23rd, 2018

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Federal law says you can, but you may want to think twice about it.

 

Provided by Greg Ferguson

  

When President Trump signed the Tax Cuts & Jobs Act into law late in 2017, new possibilities emerged for the tax-advantaged investment vehicles known as 529 college savings plans. Funds from these accounts may now be used to pay for qualified elementary and secondary school expenses under federal law.1

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  • Should You Use 529 Plan Funds on K-12 Education
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Tax Changes Around the Home

Submitted by Ferguson Financial Inc. on July 23rd, 2018

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How the Tax Cuts & Jobs Act impacted three popular deductions.

 

Provided by Greg Ferguson

  

Three recent tax law changes impact homeowners and home-based businesses. They may affect your federal income taxes this year.

 

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Before You Claim Social Security

Submitted by Ferguson Financial Inc. on July 23rd, 2018

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A few things you may want to think about before filing for benefits.

 

Provided by Greg Ferguson

 

Whether you want to leave work at 62, 67, or 70, claiming the retirement benefits you are entitled to by federal law is no casual decision. You will want to consider a few key factors first.

 

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Financial Elder Abuse, Perception vs. Reality

Submitted by Ferguson Financial Inc. on July 23rd, 2018

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Someday, you or your parents could be at risk.

 

Provided by Greg Ferguson

 

You may know victims of financial elder abuse. According to a new Wells Fargo Elder Needs Survey, almost half of Americans do.1

 

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The Snowball Effect

Submitted by Ferguson Financial Inc. on July 23rd, 2018

 

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Save and invest, year after year, to put the full power of compounding on your side.

 

Provided by Greg Ferguson

 

Have you been saving for retirement for a decade or more? In the foreseeable future, something terrific is likely to happen with your IRA or your workplace retirement plan account. At some point, its yearly earnings should begin to exceed your yearly contributions.

 

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Guarding Against Identity Theft

Submitted by Ferguson Financial Inc. on July 23rd, 2018

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Take steps so criminals won’t take vital information from you.

 

Provided by Greg Ferguson

 

America is enduring a data breach epidemic. The latest annual study of the problem from Javelin Strategy & Research, a leading financial analytics research firm, says that 16.7 million people across the nation were impacted by I.D. theft in 2017 – an all-time high.1

 

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Don't hesitate to get in touch with us.
We would love the opportunity to become your trusted advisor.

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Phone: 952-406-8316
Fax: 952-406-8316

Email: greg@fergusonfinancialinc.com

5100 Eden Avenue, Ste. 311 , Edina, MN 55436

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