Category: Wealth Management

What is a Fiduciary?

Obtaining a fiduciary to make essential arrangements for your assets

When you are making arrangements to ensure financial security for yourself and for your family, you might happen across the idea of naming a fiduciary. A fiduciary can ensure that your money and assets are handled appropriately if you get sick, become injured or die. Knowing what a fiduciary does, the standards by which they… Read more »

What Is a Money Market Account? Money market accounts can provide a safe, productive way to store your money

What is a money market account

A money market account, or MMA, is an account that typically comes with a higher interest rate than other savings accounts. If investing in stocks and bonds is not something that appeals to you, but you would still like to make your money grow safely, opening a money market account could be the right move…. Read more »

Does the 4 Percent Rule Still Work?

Does the 4 percent rule still work as a retirement saving strategy?

If you’re well along the road to retirement, you’ve probably heard about the 4 percent rule in some capacity. This guideline for making withdrawals in retirement has been confirmed through extensive study and practice over the past 20 years. But with the financial demands on today’s retirees, is this strategy still valid? What is the… Read more »

Pros and Cons of Owning a Rental Property

Toy houses lined up as rental properties

Owning and renting real estate is an investment option with many attractive advantages, especially among the retired. What’s more, thanks to the passage of the 2017 Tax Cuts and Jobs Act, the economics of buying rental property are more favorable than they have been for a generation. That being said, there are also disadvantages to… Read more »

Your Guide to Investing in Your 30s – And Why it’s Important

Couple in their 30s discuss investment options with their wealth management advisor

If you’re in your 30s, now is the time to prioritize investment opportunities. Your 30s are a time of transition. While you are no longer in the beginning years of adulthood, retirement is still far away. Investing may seem like less of a priority than starting a family, purchasing a home or paying off student… Read more »

Minster Bank Adds Wealth Management Advisor

planning future with wealth management services

David Oliver has been hired as a Wealth Management Advisor for Minster Bank.  In making the announcement, Private Wealth Management Manager, Steve Eiting said that David will lead the bank’s efforts to grow the Private Wealth Management group’s presence for individuals and businesses.  David will be based out of the Minster office and will serve… Read more »