It’s summer and, in our part of the country, that likely means two things: road construction and weekends at the cabin.
While road construction is a source of stress, cabins are often a source of joy: the foundation for cherished memories of boating trips, fishing excursions, bonfires, and family time. But that joy can lead to stress as questions arise about how best to transition a tangible asset that is so intimately connected to those memories to the next generation.
Clients often ask us: “How do I keep the cabin in our family?” “Should I use a trust or other entity and if so, what type?” “How do I protect against future conflict between family members?” “What can we do to make the transition successful?” These are difficult but important questions for any family with a legacy property to consider.
Tags: Legacy Planning
The Treasury yield curve – a line chart displaying the current yields of U.S. Treasury securities at various maturities – is not a particularly widely-followed indicator outside of finance and economic circles. You won’t hear the current slope of the yield curve mentioned alongside the daily movements of the Dow and the Nasdaq on the evening news, for example. Over the last several months, however, the yield curve has received much attention, with pieces in the Wall Street Journal, New York Times, and NPR all tackling the implications of a “flattening” curve.
As the kids settle in to the first couple weeks of summer break, many parents have gone the route of hiring a nanny to supervise the kids while parents work over the summer. Although this is a common practice, what often isn’t fully understood are the tax implications that can arise when someone chooses this option for summer daycare. The details can seem daunting, but a few key points can help to clarify a potentially complicated requirement.
Tags: Tax Planning
Accredited Investors Wealth Management is pleased to announce it has been named to the 2018 edition of the Financial Times 300 Top Registered Investment Advisers. The list recognizes top independent RIA firms from across the country. Click here for details.
Tags: Firm News, FT300
For the fourth year in a row, Accredited Investors Wealth Management has been named one of the Best Places to Work by the Minneapolis St. Paul Business Journal, in its annual rankings of companies with 25-49 employees. Click here for details.
Tags: Best Places to Work
Today, 5/29, is National 529 College Savings Plan Day. We are celebrating by sharing some frequently asked questions around 529 Plans.
Tags: Education Planning
What if I were to tell you that all of your money issues are in your head? This doesn’t mean that they don’t exist, it just means that you’ve made them up. How can I say that? It’s simple. Money issues are rarely about money. They are almost always about what money represents to us.
Tags: Spend Your Life Wisely
Accredited is proud to be recognized as a 2018 Best Places to Work for Financial Advisers by InvestmentNews. Per InvestmentNews, Accredited “was chosen as one of this year’s top-50 based on employer and employee surveys delving into everything from company culture, benefits, career paths and more.”
Tags: Best Places to Work
MINNEAPOLIS, Minn. – March 19, 2018 – Accredited Investors Wealth Management® is pleased to welcome Jamie Fritschel, CFP®, CPA, back to the firm’s wealth management team. Jamie is responsible for developing and directing client planning strategies.
With twenty years of experience leading wealth management teams, Jamie creates personalized strategies by combining his technical wealth planning expertise with the ability to understand what issues each client considers most important in their lives.
Tags: Press Release
The knee-jerk reaction in this scenario is to blame Amazon for killing yet another traditional retailer, and for making the bricks-and-mortar approach no longer relevant in a digital world. In fact, in its bankruptcy filing this week, Toys R Us does just that – blaming Amazon, as well as Wal-Mart & Target, for its demise, stating that its three competitors created a “perfect storm” by slashing profit margins on the toys they sold over the last holiday season.
Amazon may very well be, in the words of a Bloomberg columnist, “Corporate America’s Nightmare.” But in this case, Amazon doesn’t get all the blame. While Amazon certainly hasn’t made life any easier for large-scale retailers over the last 20 years, the Amazon-effect ranks a distant second on the list of contributors to the downfall of Toys R Us.