Weekly Blog

Minnesota Estate Taxes

2023 was a great year for investments. It was so good that some people may be surprised to learn they now have a Minnesota estate tax problem. If you die with more than $3 million in Minnesota, the state will tax anything above that amount at 13%-16%. That’s at least...

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QCDs all the Way

Our resident CPA Conner and I talk about charitable giving a lot, especially this time of year. Each time we review strategies, we come back to the same conclusion. Qualified Charitable Distributions (QCDs) are hard to beat. For most people over age 70.5, they give...

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A Tale of the Bond Market

As Dickens said, “It was the best of times. It was the worst of times.” That’s certainly true for the bond markets today. The Bloomberg US Aggregate Bond Index is close to setting a personal worst – logging three consecutive negative calendar year returns. It lost 2%...

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A Simple Life

Last week at Future Proof (world’s largest wealth festival), Morgan Housel observed, “What most people want is a simple life.” He’s the author of The Psychology of Money, a book I highly recommend. That quote stuck with me for the rest of the conference. I do think...

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Keep Buying

The stock market is fun again this year. Most stocks are up, many are up big. Some stocks are up so much, it’s hard to justify their prices. It’s more likely than not they will fall. This brings us to a fun debate, what should you do with excess cash? My general...

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