Category: Retirement Planning

It has been a turbulent 2022 so far for investors. The S&P 500 Index is on track for its worst April in more than 40 years, the Nasdaq entered a bear market on April 26 with its more than 20% decline, and bonds, which typically provide ballast for diversified portfolios during periods of stock market

We are proud to share the following article, recently published in Forbes Magazine. Read Article Here

Nikki Scanlon, J.D. 1.  Save early and aggressively Women, on average, live 2 years longer than men, yet historically, women earn less than their male counterparts. These two factors can lead to insufficient funds during retirement if saving is not prioritized early and often. Additionally, women are more likely than men to stop working to

Andrew brings extensive international and domestic business and legal experience to the role of Chief Operating Officer of Olson Wealth Group where he focuses on delivering value for the company and its clients by building strong, scalable, client-centric business operations and framing and operationalizing long-term company growth strategy and vision.  Prior to joining Olson Wealth

As a personal wealth manager, I work with many families who come to me with questions about how best to prepare future generations for wealth transfer while ensuring that family values of stewardship and generosity are passed on along the way. While some families have created family foundations, others can opt for a much simpler

This is a reminder that if you are a business owner, one of the many provisions within The Setting Every Community Up for Retirement Enhancement (SECURE) Act (signed into law on December 20, 2019) that helps businesses, is the ability for companies to establish certain tax-qualified retirement plans beyond the end of the year. Under

As we continually strive to support our commitment to growth and pursuit to meet our clients’ unique objectives with comprehensive planning, Olson Wealth Group is proud to announce that Sharon Olson, CFP has achieved Certified Exit Planning Advisor (CEPA) designation through the Exit Planning Institute of Columbus, OH. This distinguished accolade will provide sophisticated guidance and further advance

By Tom Knutson, CFP® There are a few common pitfalls that individuals miss when reviewing their financial plan. In this article, my goal is to outline what these pitfalls are and how to plan for them throughout the year. Common Pitfall #1: Not Reviewing Tax Returns Many individuals believe that since they have hired a

March 4th marks the unofficial holiday of “March Forth and Do Something Day”. It is a day dedicated to doing what you’ve always wanted to do, to take risks in pursuing your dreams, to create a plan to achieve those goals, and to celebrate aspirations that have already been accomplished. Many use the day to

As your trusted financial advisor, it is important to keep you informed to ensure you have accurate information and updates about the process for reporting your investment income and preparing your tax documents.  In an effort to save you and your CPA some frustration, we advise that you NOT file your taxes until at least

Transitions in a career, sale of a business, retirement, buying or selling a home, children or grandchildren, or other life change can cause stress. This discussion with Ruth Tongen, Senior VP of think2perform, highlights how clients can go through transition in a healthful way.

Aligned with our commitment to growth and a relentless quest to meet each client’s life vision with comprehensive planning, we are pleased to announce our new team member, Scott Shinnick. He will be serving as our new Director of Advisory Portfolio and Investment Research. Olson Wealth Group, a multi-family office dedicated to financial stewardship and

As we begin 2022, we offer the updated IRS 2022 dollar limits and thresholds for retirement plans, which reflect the latest cost-of-living adjustments. These numbers will affect retirees and retirement savers, with updates to tax rates, deductions, contributions, and an increase in Social Security benefits.  Please see the table below, which compares the 2021 and

LPL Research Outlook 2022: Passing the Baton is designed to help you navigate the year ahead.  Fiscal and monetary policies played big roles in the economic recovery in 2021, but we see 2022 playing out as a handoff—from stimulus bridging a pandemic recovery to an economy growing firmly on its own, with consumers, productivity, small businesses, and capital

We are proud to announce that Nicole was recently named as a Top Women in Finance for 2021 by Finance & Commerce Magazine. This Minnesota- based magazine recognizes women who are making an impact not only in their professions but also in their communities. You can read more here.

It’s often said that it’s not what you make but what you keep that matters. With income, capital gains, and estate taxes all subject to potential increases in the coming years, coupled with current low-interest rates, it’s particularly important that we manage our clients’ after-tax returns as we evaluate portfolios leading into year-end. We believe

In the first half of 2021, the U.S. economy powered forward faster than nearly anyone had expected. Speed can be exhilarating, but it can also be dangerous. In our view, the overall economic picture remains sound and will likely support strong profit growth and additional stock market gains. But the pace of reopening also creates

Aligned with our commitment to growth and a relentless quest to meet each client’s life vision with comprehensive planning, we are pleased to announce our new team member, Tom Knutson, CFP ® serving as our new Director of Financial Planning. Olson Wealth Group, a multi-family office dedicated to financial stewardship and a leader for more

We are proud to share the following article, recently published in Plan Adviser Magazine. Read the Full Article Here

We are proud to share the following article, recently published in the Minneapolis/ St. Paul Business Journal Read Article Here

We are proud to share the following article, recently published in Authority Magazine. Read Article Here

We are proud to share the following article, recently published in Forbes. The focus was a strategy to reduce tax on the sale of a business in coordination with estate and charitable planning goals.  A NIMCRUT is a trust that allows you to provide income to yourself or others for life, or for a term

As your trusted financial advisor, it is important to keep you informed to ensure you have accurate information and updates about the process for reporting your investment income and preparing your tax documents. In an effort to save you and your CPA some frustration, we advise that you NOT file your taxes until at least April

One of the many provisions within the SECURE Act that helps business owners, is the ability for companies to establish certain tax-qualified retirement plans beyond the December 31, 2020 deadline.  Previously, an employer had to adopt a workplace plan by the last day of the employer’s tax year.While employer contributions could be made after year-end,

This holiday season certainly does not look like any other we have experienced. It takes a bit of a mindset change to make the most of what should be a cheerful and hopeful time of year. Typically, during this season, our team partakes in a service project to help others. Because we cannot be together in person, we decided to change our perspective and think about what others have done for us and how often small random acts of kindness can inspire us all to be a bit more joyful this year. We hope you enjoy us sharing how kindness has recently entered our lives and inspired us to act with a little more kindness ourselves.

Minneapolis / St. Paul Business Journal Leadership TrustBy Sharon Olson, President, CFP and Nicole Scanlon, J.D., Managing Director, Family Wealth. Olson Wealth Group brings wise counsel and clear strategies to deliver real-life returns for generational wealth. My company helps families build wealth and pass it down through generations. But of course, it’s more than just

Last Thanksgiving, I posted this message on our website and received a favorable response from my clients. I thought it might be good to repost since the homeless have been especially hard hit this year.

Today is Give to the Max Day! Consider joining thousands of generous donors in helping to support local charities. While giving cash is one way, there are many other ways to maximize your generous donation so that it fits within your financial plan. #GTMD20

IRA owners are seeking alternative ways to incorporate tax effective giving strategies into their estate plans. One way to maximize a gift to a beneficiary, while also benefiting a charity of choice, is by using a Charitable Remainder Trust (CRT).

Electing to roll over your 401(k) while keeping your company shares intact is allowed under the IRS’ net unrealized appreciation (NUA) rules.