You may have purchased life insurance years ago and never gave it a second thought. Or perhaps you don’t have life insurance at all and now you need it. When your life circumstances change, you have a fresh opportunity to make sure the people you love are protected. Marriage When you were single, life insurance might have seemed like an unnecessary expense, but now someone else is depending on your income. If something happens to you, your spouse will likely…
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Debt poses a growing threat to the financial security of many Americans — and not just college graduates with exorbitant student loans. Recent studies by the Center for Retirement Research at Boston College (CRR) and the Employee Benefit Research Institute (EBRI) reveal an alarming trend: The percentage of older Americans with debt is at its highest level in almost 30 years, and the amount and types of debt are on the rise. Debt Profile of Older Americans In the 20-year…
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Jack O’Brien Relationship Manager jack@prosperwell.com | 763.231.9516 My Quote “Everyone has his superstitions. One of mine has always been when I started to go anywhere, or do anything, never turn back or to stop until the thing intended was accomplished.”- Ulysses S. Grant My Story Jack grew up in Arden Hills, MN and attended Mounds View High School. He went on to attend the University of St. Thomas where he earned his Bachelor of Arts with a double major in…
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Your life insurance needs change as your life changes. When you are young, you may not have a need for life insurance. However, as you take on more responsibility and your family grows, your life insurance needs increase. Your needs may then decrease after your children are grown. You should periodically review your needs to ensure that your life insurance coverage adequately reflects your life situation. Estimating your life insurance need There are a couple of simple methods that you…
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As people move through different stages of life, there are new financial opportunities and potential pitfalls around every corner. Here are common money mistakes to watch out for at every age. Your 20s & 30s Being financially illiterate. By learning as much as you can about saving, budgeting, and investing now, you could benefit from it for the rest of your life. Not saving regularly. Save a portion of every paycheck and then spend what’s left over — not the…
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Market turbulence in 2020 may have wreaked havoc on your investment goals for the year. It probably also highlighted the importance of periodically reviewing your investment portfolio to determine whether adjustments are needed to keep it on track. Now is a good time to take on these five year-end investment tasks. 1. Evaluate Your Investment Portfolio To identify potential changes to your investment strategy, consider the following questions when reviewing your portfolio: •How did your investments perform during the year?…
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Connor Jones Senior Relationship Manager connor@prosperwell.com | 763.231.9524 My Quote “You don’t have to see the whole staircase, just take the first step.” —Martin Luther King, Jr. My Story Connor grew up in Shoreview, MN where he attended Mounds View High School. After high school, he graduated from the University of North Dakota with his Bachelor of Business Administration with a major in Marketing and a minor in Psychology. Growing up Connor loved to play and follow any and all…
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Justin Gandrud Senior Wealth Advisor justin@prosperwell.com | 763.231.9526 My Quote “Don’t compare yourself with other people; compare yourself with who you were yesterday.” -Jordan Peterson My Story Justin grew up in Anoka, MN and loved the world of finance from an early age. Justin graduated from the University of Minnesota – Duluth with a Bachelor of Business Administration in Finance. After graduating he continued his path of financial studies to obtain his Series 7 and Series 66 licenses. Justin joined…
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You probably have heard this phrase before and it is true. “It is not how much you make, it is how much you keep.” That is the truth. If you make $100,000 a year and you spend $100,000 a year you will not get ahead. If you spend more than you make, or spend everything you make, you cannot get ahead. Life is about being happy. Spending money and having stuff does not bring happiness. Research from the San Francisco…
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Do you need a break as a parent? We now have financial literacy for kids in your home! Have your child spend some time with Nicole and her daughter (who is 10) for a LIVE session on kids and cash! Topics will include an allowance, wants vs. needs, how to save, what to save for, what money is, how to use money, saving for a car, investing for college, starting a business, and so much more! Register today to reserve…
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