Minnesota Financial Planner

2010-12-30T13:58:00.001-08:00

http://www.joeswanson.com/content.cfm?ContentID=70

2010-04-13T19:35:00.001-07:00

Pursuing Both Growth and Value - www.joeswanson.com

Growth and value stocks have taken their lumps along with the rest of the market, but over the past 20 years these two asset types have experienced similar gains (see chart).
However, the returns from growth and value investments in any given year are not always closely correlated. Maintaining a balance of growth and value investments may help you add a new dimension of diversification to your portfolio. A good first step is to understand the key differences between these investing approaches.

Going for Growth - Read the rest at...
http://www.joeswanson.com/content.cfm?ContentID=2026

www.joeswanson.com

Estate of Emergency

2009-07-05T09:14:00.001-07:00

Estate Planning 1.2.3 - from www.JoeSwanson.com Most people wouldn’t think about traveling somewhere new without a map. Yet 50% of Americans don’t have a will, which can leave their heirs without the proper directions to divide their possessions.

1 To help ensure that your estate is distributed according to your wishes, it’s important to have certain legal documents in place. A solid estate conservation strategy begins with these basic documents.Where There’s a Will...A good starting place is a will. This legal document will guide the probate court as it oversees the distribution of your titled property after your death. A will is also... Click for the whole article:http://www.joeswanson.com/content.cfm?ContentID=1620

www.joeswanson.com
952.277.4259

What does the Dollar do for you?

2008-06-15T07:50:00.001-07:00

What Does the Dollar Do For You?
During the past several months, the weaker value of the U.S. dollar has been headline news. But if you keep track of headlines, you might also recall that about five years ago, there was a considerable outcry about the dollar’s unprecedented strength.So which is preferable, a strong dollar or a weak one? Actually, there are benefits to both sides of a fluctuating currency. What matters most is how you react to changing conditions.Isn’t a Dollar Just a Dollar?If the dollar were the world’s lone currency, there would be no such thing as dollar weakness or strength. Here at home, the dollar serves primarily as a unit of account and a store of value. In dollar-denominated transactions, the dollar’s purchasing power is a matter of agreement between spenders and sellers.However, when two parties using different currencies want to transact business, the exchange rate between the two currencies may affect the price of the transaction.The Strengths of WeaknessA weak dollar isn’t necessarily bad news for the stock market or the economy. U.S. manufacturers tend to applaud a weaker dollar because it makes U.S. made products more competitive in foreign markets and increases foreign... Read the rest at...

http://www.joeswanson.com/content.cfm?ContentID=1390

Quote your 401k at www.quote401ks.com
Joe Swanson, CRPS
www.joeswanson.com
952.277.4259

Quote 401k with the best

2008-03-02T17:05:00.000-08:00

403b Retirement Plan, 401k Administration, Employee Retirement Plans, 401k Employer Match, Employer 401k Plans, Understanding Retirement Plan Administrators, Retirement Plan Types, Roth 401k, Safe Harbor 401k, SEP IRA, Self-employed 401k

Financial Planner

2008-02-23T10:02:00.000-08:00

http://www.cefa.com/_/docs/content/Learn/ResearchArticles/RaymondJames071706.pdf?time=20080223104406

The above links to a great introduction to closed end funds as listed on the closed-end fund association's website.

For a financial planner in Minnesota click on www.joeswanson.com
Great financial calculators at www.principal.com

Financial Planning MN Minnesota

2008-02-20T17:32:00.000-08:00

Test Your mutual Fund Mastery

Almost one out of two U.S. households owns at least one mutual fund. That's a long way from the 6% who owned mutual funds in 1980. How much do you know about this nearly ubiquitous investment vehicle?
1. Which of the following assets are commonly found in mutual funds?
Stocks
Bonds
Short–term debt instruments
All of the above
2. The majority of assets in mutual funds are invested in:
Short–term debt
Corporate bonds
Stocks
3. A majority of mutual fund owners say their primary financial goal for their fund investments is saving for:
Retirement
A rainy day
A down payment on a house
4. Mutual funds offer guaranteed returns.
True
False
5. Mutual funds are sold only by prospectus. What is a prospectus?
A salesperson
A document with information about the fund
A stockbroker
Source: Investment Company Institute, 2007

Answers
d. All of the above.
c. Stocks.
a. Retirement.
False. The value of mutual funds will fluctuate with market conditions. Shares, when sold, may be worth more or less than their original cost.
b. A document with information about the fund. Please consider the investment objectives, risks, charges, and expenses carefully before investing. The prospectus, which contains this and other information about the investment company, can be obtained from your financial professional. Be sure to read the prospectus carefully before deciding whether to invest.

Financial Planning Minnesota

MN financial Planner www.joeswanson.com

2008-02-17T15:24:00.000-08:00

MN financial Planner www.joeswanson.com

Minnesota financial planner

2008-02-15T20:35:00.000-08:00

A Grand New Contribution

If you were waiting for the day when you could sock away some serious dough in your individual retirement account, the time has arrived. Beginning in 2008, workers can contribute up to $5,000 per year to an IRA, and those aged 50 and older can contribute up to $6,000.
Although these new limits are the only recent development for the IRA, what’s most appealing about the IRA has passed the test of time: It still offers a tremendous opportunity for workers of all ages to use the power of tax deferral in pursuit of their long–term savings goals.
Too Low for Too Long
For years, people have complained that the IRA contribution limits are too low. The IRA was created in 1974 with a $1,500 limit that was raised to $2,000 in 1982. In 2001, lawmakers answered the contribution limit complaints with a series of scheduled incremental increases that culminated in 2008. In 2009 and beyond, the IRA contribution limit will be indexed to inflation.
Over a 30–year period, a worker who contributed $5,000 per year to an IRA earning a hypothetical 8% annual return could accumulate an additional $340,000, compared with a worker who contributed just $2,000 per year. This hypothetical example is used for illustrative purposes only. It does not represent any specific investment. Actual results will vary.
Even if you participate in an employer–sponsored retirement plan, you may still be eligible to contribute to a deductible IRA (see table). If you have assets in a former employer’s plan, rolling them into an IRA may give you more options and greater control over your money.
Contributions to a traditional IRA are tax deductible (subject to certain income limits), and any earnings in the account are not subject to income tax until withdrawn. IRA withdrawals (also called distributions) are subject to ordinary income tax. Distributions taken prior to age 59½ are subject to an additional 10% federal income tax penalty, except in cases of death, disability, or a first–time home purchase (up to a $10,000 lifetime maximum).
Forty-seven million U.S. households own at least one IRA.1 Does it make sense for you to take advantage of this year’s higher contribution limits? Call us to learn more.
1) Investment Company Institute, 2006
Fee-Based financial planning

More information at www.joeswanson.com

1031 company

2008-01-31T10:36:00.001-08:00

1031 Exchange Leaders in 1031 Exchange, commercial real estate, residential land development, and water procurement / distribution services

Financial Planning Topics

2008-01-30T20:36:00.000-08:00

Helping Business Owners, Individuals and Executives with Fee-Based Planning Services
Contact an Advisor today
Elite Planning Program

Our Elite clients receive the objectivity and confidence that comes with a financial planning arrangement

Our financial plans use a holistic approach to analyze your current financial situation and evaluate how it aligns with your various goals. We provide you with concise written information to provide direction towards your future. At your request, we can review your plan periodically and monitor your progress to help keep you on track.

You will receive one-on-one guidance on everything from asset allocation to estate planning to achieving your financial independence.

What is the Financial Planning Process?

Financial planning involves a series of steps to help you accomplish your financial goals. As Princor Investment Adviser Representatives, we will gather information about your concerns and current financial situation in order to learn your specific goals and objectives. We then provide you with recommendations and alternative strategies for achieving those goals.

Once you’ve decided what recommendations to follow, we can help you implement those decisions if you so choose. The last step in the financial planning process is to periodically review and, if necessary, revise the plan.

Isn’t Financial Planning Just for the Wealthy?

Financial planning isn’t about “getting wealthy.” It’s about helping you achieve your specific life goals, whatever your level of affluence. Anyone who wants to take control of their financial life, make good financial decisions and achieve financial independence can benefit from a financial plan. Years ago, the financial life of the average family was relatively uncomplicated. People worked for the came company most of their lives, lived a few years in retirement on Social Security and their pension and passed their estate on to their children. However, increased longevity, changing demographics and a more complex, dynamic financial world have changed all that.

We have found that most everyone, regardless of financial status, appreciates financial planning help in areas such as:

Asset allocation
Retirement planning
Survivor and disability income needs
College education
Exit planning for business owners
Estate planning

Personal Service:

Your relationship is with us. As your primary contact, we are the one person to call for answers, ideas and guidance with respect to your financial plan. The full support of our team is available as well. We can also work with your other professional advisors to effectively help you handle your ever-changing needs.

The relationship between you and us is intended to be long-term. You may even find your heirs will benefit from this relationship, helping them carry on your legacy.

Access to Premier National Money Managers:

We have arrangements to offer the service of premier professional money managers for your investing needs. We have a number of asset allocation programs and separately managed accounts that allow you to invest without commissions. Your fees in these programs are based on the amount of assets under management in your account (based on a percentage of the asset value).

Compensation:

As with all true financial planning relationships, our compensation is based upon an hourly or flat fee to compensate us for the time, energy and expertise we provide.

Apart from financial planning services, we may also be compensated from your introductions to others you believe may benefit from this type of relationship.

Your Relationship with Us:

Elite clients work with an Investment Adviser Representative of Princor Financial Services Corporation to receive financial planning services. Even though your financial plan contains suggestions for solutions to meet your financial goals, you are not required to transact business or purchase products with Princor to implement these suggestions. There is no obligation, either before of after receiving your plan.

Should you decide to purchase financial products, you will pay any applicable fees or commissions relating to the purchased products. Except in cases where Princor acts as investment adviser, Princor acts as a broker dealer in offering financial products to you.
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Calculators
Cash Flow Analysis
This Cash Flow Analysis form will help you weigh your income vs. your expenses.
Savings Accumulation
Estimate the future value of your current savings.
Net Worth
A balance sheet summarizes your assets and liabilities and reveals your net worth.
Mortgage Refinancing
Determine whether you should consider refinancing your mortgage.
More Calculators →
Newsletters
World of Opportunity
It may be tempting to think that investing at home is enough, but that kind of thinking misses opportunities that may be available through foreign investments.
Prepare to Convert
New rules make converting to a Roth IRA a viable option, and it may make sense if you expect to be in a higher tax bracket in retirement, or if you expect tax rates to be higher in the future.
Giving for the Greater Good
When you utilize a structured giving strategy, your efforts can help reap greater benefits for you, your heirs, and your favorite charity.
Check Your Credit Score
Knowing your credit score and understanding its significance are important because the number can directly affect the interest rates you pay for mortgages, car loans, and credit cards.
More Newsletters →
PLEASE NOTE: The information being provided is strictly as a courtesy. When you link to any of these web-sites provided here, you are leaving this site. Princor makes no representation as to the completeness or accuracy of information provided at these sites. Nor is the company liable for any direct or indirect technical or system issues or any consequences arising
Joe Swanson is licensed in Minnesota, Wisconsin, Oregon, and Ohio (additional states can be made available) to offer insurance products, and life insurance (including variable life), annuities (including variable annuities), securities and if applicable - investment advice. This site is not a solicitation of interest in any of these products in any other state. IMPORTANT CONSUMER INFORMATION: Joe Swanson may only transact business in a particular state after licensure or satisfying qualifications requirements of that state, or only if (s)he is excluded or exempted from the state's registration requirements. Follow-up, individualized responses to consumers in a particular state by Joe Swanson that involve either the effecting or attempting to effect transactions in securities or the rendering of personalized investment advice for compensation, as the case may be, shall not be made without first complying with the state's requirements, or pursuant to an applicable state exemption or exclusion. For information concerning the licensure status or disciplinary history of a broker-dealer, investment advisor, BD agent or IA representative or any financial institution (s)he represents, contact your state securities law administrator. Principal Life Insurance Company, Des Moines, IA 50392. Principal Life maintains certificates of authority to transact insurance in all 50 states. Its NAIC identification number is 61271.
The words Financial Planning and Financial Advisor make no claims. Please see form ADV for disclosures. 401(k) plans and quotes are intended for Minnesota only and may be administered by other vendors including Fidelity, John Hancock, Principal Life, Nationwide Bisys, American Funds and others. Wealth management services may be provided by a third party. Financial Planning and Financial Advisor are titles used by Investment Adviser Representative's of the Princor RIA.

Minnesota Financial Advisors

2008-01-06T13:54:00.000-08:00

World of Opportunity
www.joeswanson.com

The United States is often considered the investment capital of the world. We are home to some of the world’s most valuable corporations. Our stable legal and monetary systems make this country highly attractive to global capital.It may be tempting to think that investing at home is enough, but this kind of thinking misses opportunities. In 14 out of the past 30 years, foreign stocks were the top–performing asset class, compared with domestic stocks, bonds, and cash equivalents (see table below). If you had ignored foreign investment opportunities during this period, you would have missed out on owning an asset class that outperformed the other three in almost one out of every two years since 1977.It’s wise to spread your investment dollars over multiple asset classes, but this doesn’t mean that rushing out to buy a handful of foreign investments is the ticket to easy money. Foreign equities are subject to some risks not present with U.S. investments. They need to be understood before you invest. Currency FluctuationsInvestments denominated in a foreign currency are influenced by the exchange rate with the U.S. dollar. For example, when a foreign currency is weak against the dollar, investors may get more for their money. On the other hand, if the foreign currency grows even weaker, the principal and any return may lose value when exchanged back into dollars. Political and Economic StabilityWe may take for granted the degree to which property rights are enforced in this country, but our protections are among the strongest in the world. Investing outside the United States requires an understanding of the political and economic forces at work in the nations that have promising investment potential. It also requires an ability to understand a country’s accounting standards in order to ensure accuracy in due diligence.Foreign investments can play a role in most balanced portfolio strategies. If you are interested in learning more, we can help you determine whether investing abroad is appropriate for your portfolio. Fee-Based financial planning 11100 Wayzata Blvd, Suite 161Minnetonka, MN 55305
Phone: 952.277.4259Toll Free: 800.626.7095Fax: 952.277.4301www.joeswanson.com swanson.joe@principal.com

top financial advisor

2007-11-30T20:09:00.001-08:00

http://www.paladinregistry.com/external/beaninformedinvestor/advisor_profile.php?advisor_id=1878

www.joeswanson.com

2007-11-26T17:47:00.000-08:00

Joe Swanson, CRPS is a five star Paladin advisor.

Released: November 2007

Financial Advisor Minnesota

2007-11-23T17:47:00.000-08:00

Free to Retire

Who is responsible for your retirement security? If you correctly answered, “I am,” you are among the 81% of Americans who recognize this inescapable fact of modern life.1But if you’re like many people, there are too many distractions and responsibilities that compete for the time required to develop a winning retirement strategy. In such a situation, a variable annuity might provide a way to help you pursue your retirement goals.Here Come the ProsWith a variable annuity contract, one or more payments are made to an insurance company, which agrees to pay the contract holder an income at a future date. The contract holder can direct the premium payments to be invested in a mix of underlying equity and fixed subaccounts that pursue investment gains.Variable annuity subaccounts are run by professional money managers who pursue the subaccounts’ stated investment objectives. This leaves the contract holder free to focus on his or her own interests, rather than having to worry about the inevitable fluctuations of the financial markets.A variable annuity is a long–term retirement savings vehicle. It isn’t subject to minimum withdrawal requirements in retirement, and it offers a wealth of payout options when you are ready to begin collecting retirement income. Of course, variable annuities have contract limitations, fees, and charges. Subaccount values fluctuate with changes in market conditions. When the annuity is surrendered, the principal may be worth more or less than the original amount invested. The earnings portion of annuity withdrawals is taxed as ordinary income. Distributions prior to age 59½ may be subject to a 10% federal income tax penalty. Surrender charges may also apply during the contract’s early years. Variable annuities are not guaranteed by the FDIC or any other government agency. They are not deposits of, nor are they guaranteed or endorsed by, any bank or savings association.Variable annuities are sold only by prospectus. Please consider the investment objectives, risks, charges, and expenses carefully before investing. The prospectus, which contains this and other information about the investment company, can be obtained from your financial professional. Be sure to read the prospectus carefully before deciding whether to invest.

1) National Association for Variable Annuities, 2006

11100 Wayzata Blvd, Suite 161Minnetonka, MN55305
Phone: (952) 277-4259

www.joeswanson.com
swanson.joe@principal.com

2007-10-26T16:07:00.001-07:00

Helping Business Owners, Individuals and Executives with Fee-Based Planning Services

Elite Planning Program

www.joeswanson.com

Our Elite clients receive the objectivity and confidence that comes with a financial planning arrangement

Our financial plans use a holistic approach to analyze your current financial situation and evaluate how it aligns with you various goals. We provide you with concise written information to provide direction towards your future. At your request, we can review your plan periodically and monitor your progress to help keep you on track.

You will receive one-on-one guidance on everything from asset allocation to estate planning to achieving your financial independence.

What is the Financial Planning Process?

Financial planning involves a series of steps to help you accomplish your financial goals. As Princor Investment Adviser Representatives, we will gather information about your concerns and current financial situation in order to learn your specific goals and objectives. We then provide you with recommendations and alternative strategies for achieving those goals.

Once you’ve decided what recommendations to follow, we can help you implement those decisions if you so choose. The last step in the financial planning process is to periodically review and, if necessary, revise the plan.

Isn’t Financial Planning Just for the Wealthy?

Financial planning isn’t about “getting wealthy.” It’s about helping you achieve your specific life goals, whatever your level of affluence. Anyone who wants to take control of their financial life, make good financial decisions and achieve financial independence can benefit from a financial plan. Years ago, the financial life of the average family was relatively uncomplicated. People worked for the came company most of their lives, lived a few years in retirement on Social Security and their pension and passed their estate on to their children. However, increased longevity, changing demographics and a more complex, dynamic financial world have changed all that.

We have found that most everyone, regardless of financial status, appreciates financial planning help in areas such as:

Asset allocation
Retirement planning
Survivor and disability income needs
College education
Exit planning for business owners
Estate planning

Personal Service:

Your relationship is with us. As your primary contact, we are the one person to call for answers, ideas and guidance with respect to your financial plan. The full support of our team is available as well. We can also work with your other professional advisors to effectively help you handle your ever-changing needs.

The relationship between you and us is intended to be long-term. You may even find your heirs will benefit from this relationship, helping them carry on your legacy.

Access to Premier National Money Managers:

We have arrangements to offer the service of premier professional money managers for your investing needs. We have a number of asset allocation programs and separately managed accounts that allow you to invest without commissions. Your fees in these programs are based on the amount of assets under management in your account (based on a percentage of the asset value).

Compensation:

As with all true financial planning relationships, our compensation is based upon an hourly or flat fee to compensate us for the time, energy and expertise we provide.

Apart from financial planning services, we may also be compensated from your introductions to others you believe may benefit from this type of relationship.

Your Relationship with Us:

Elite clients work with an investment advisor representative of Princor Financial Services Corporation to receive financial planning services. Even though your financial plan contains suggestions for solutions to meet your financial goals, you are not required to transact business or purchase products with Princor to implement these suggestions. There is no obligation, either before of after receiving your plan.

Should you decide to purchase financial products, you will pay any applicable fees or commissions relating to the purchased products. Except in cases where Princor acts as investment adviser, Princor acts as a broker dealer in offering financial products to you.

MM3049-1

2007-09-22T20:49:00.001-07:00

If you are interested in posting to this blog, please contact me via the information at www.joeswanson.com

Retire in Minnesota

2007-09-14T19:51:00.001-07:00

The words Financial Planning and Financial Advisor make no claims.

Tolerating Risk
Nearly all mutual fund shareholders acknowledge that investing in equity or bond mutual funds involves some degree of risk. About half of shareholders say they are willing to assume average risk for average potential gain, and 35% are willing to accept above-average risk for above-average potential gain.1The actions of mutual fund shareholders would seem to validate their willingness to tolerate risk in order to reach financial goals: 80% own equity funds, which are generally considered the riskiest type of fund, considerably more than the 49% of shareholders who own less–risky money market funds.2Whether you are a conservative investor or an aggressive one, it’s likely there are mutual funds that match your risk tolerance. Fund to Fit YouInvestors with a long time horizon who are willing to accept more risk in pursuit of greater return potential may want to consider equity mutual funds, which typically invest in a portfolio of stocks that pursue the funds’ stated objectives.Investors who have a shorter time horizon and less appetite for risk may prefer bond mutual funds, which purchase debt issued by corporations and governments. This type of mutual fund is generally considered less volatile than an equity fund, provided that the fund manager trades bonds rated investment grade or higher. Bond funds are subject to the same inflation, interest–rate, and credit risks associated with the underlying bonds in the fund.For investors who have cash they will need in the short term, a money market mutual fund may be more appropriate. This type of fund typically invests in short–term debt instruments and is considered among the least volatile. Money market funds are neither insured nor guaranteed by the Federal Deposit Insurance Corporation or any other government agency. Although a money market fund attempts to maintain a stable $1 share price, you can lose money by investing in a fund.Mutual funds are sold only by prospectus. Please consider the investment objectives, risks, charges, and expenses carefully before investing. The prospectus, which contains this and other information about the investment company, can be obtained from your financial professional. Be sure to read the prospectus carefully before deciding whether to invest.1–2) Investment Company Institute, 2006Principal Financial Group print this page 11100 Wayzata Blvd, Suite 161•Minnetonka, MN•55305Phone: (952) 277-4259Toll Free: 800 626 7095•Fax: (952) 277-4301www.joeswanson.com•swanson.joe@principal.com PLEASE NOTE: The information being provided is strictly as a courtesy. When you link to any of these web-sites provided here, you are leaving this site. Princor makes no representation as to the completeness or accuracy of information provided at these sites. Nor is the company liable for any direct or indirect technical or system issues or any consequences arising Joe Swanson is licensed in Minnesota, Wisconsin, Oregon, and Ohio (additional states can be made available) to offer insurance products, and life insurance (including variable life), annuities (including variable annuities), securities and if applicable - investment advice. This site is not a solicitation of interest in any of these products in any other state. IMPORTANT CONSUMER INFORMATION: Joe Swanson may only transact business in a particular state after licensure or satisfying qualifications requirements of that state, or only if (s)he is excluded or exempted from the state's registration requirements. Follow-up, individualized responses to consumers in a particular state by Joe Swanson that involve either the effecting or attempting to effect transactions in securities or the rendering of personalized investment advice for compensation, as the case may be, shall not be made without first complying with the state's requirements, or pursuant to an applicable state exemption or exclusion. For information concerning the licensure status or disciplinary history of a broker-dealer, investment advisor, BD agent or IA representative or any financial institution (s)he represents, contact your state securities law administrator. Principal Life Insurance Company, Des Moines, IA 50392. Principal Life maintains certificates of authority to transact insurance in all 50 states. Its NAIC identification number is 61271.The words Financial Planning and Financial Advisor make no claims. Please see form ADV for disclosures. 401k plans and quotes are intended for Minnesota only and may be administered by other vendors including Fidelity, John Hancock, Principal Life, Nationwide Bisys, American

2007-06-29T16:31:00.001-07:00

Prepare to Convert In the past, only people with adjusted gross incomes of $100,000 or less were eligible to convert their traditional IRAs to Roth IRAs. The Pension Protection Act of 2006 repealed this rule, but it doesn't take effect until 2010. In another change starting in 2008, investors can make a direct rollover from an employer–sponsored retirement plan to a Roth IRA, treating it as a Roth conversion (income limits still apply until 2010). Fortunately, you have some time to decide whether a Roth IRA conversion would be an appropriate move for you. Probably the most popular reason for converting to a Roth IRA is the opportunity to receive tax–free withdrawals in retirement. Another benefit of a Roth is that there are no mandatory distributions during your lifetime. Although a tax–free retirement income might sound too good to pass up, there are some trade-offs and drawbacks when converting a tax–deferred retirement account to a Roth IRA. Here are some factors to consider. A Roth conversion may make sense if you expect to be in a higher tax bracket in retirement, or if you expect tax rates to be higher in the future. Consider this: By the time you are ready to retire, you may have little or no mortgage interest to deduct from your taxes. Your children will likely be grown and no longer your dependents for tax purposes. And you may not be making tax–deductible retirement plan -contributions. Taxes Today A Roth conversion requires that you pay income taxes that have been deferred on qualified retirement plan assets. You can convert the funds all at once or over multiple years. The amount you convert in a given year is included in your gross income when you calculate your taxes. One drawback is that if you use funds from the original retirement account to pay the taxes before you reach age 59½, it would be considered an early distribution and would be subject to a 10% federal income tax penalty. Of course, to qualify for a tax–free and penalty–free withdrawal of earnings, a Roth IRA must be in place for at least five tax years, and the distribution must take place after age 59½ or due to death, disability, or a first–time home purchase (up to a $10,000 lifetime maximum). Principal Financial Group Joe Swanson, CRPS http://www.joeswanson.com/

DI or Disability Insurance

2007-05-11T17:31:00.000-07:00

Get a Disability Insurance Quote at www.joeswanson.com

Wealth Management Minnesota

2007-04-29T18:06:00.000-07:00

How Can I Keep My Money from Slipping Away?

Financial Advisor Minnesota - Joe Swanson

As with virtually all financial matters, the easiest way to be successful with a cash management program is to develop a systematic and disciplined approach.
By spending a few minutes each week to maintain your cash management program, you not only have the opportunity to enhance your current financial position, but you can save yourself some money in tax preparation, time, and fees.
Any good cash management system revolves around the four As — Accounting, Analysis, Allocation, and Adjustment.
Accounting quite simply involves gathering all your relevant financial information together and keeping it close at hand for future reference.
Gathering all your financial information — such as mortgage payments, credit card statements, and auto loans — and listing it systematically will give you a clear picture of your overall situation.
Analysis boils down to reviewing the situation once you have accounted for all your income and expenses. You will almost invariably find yourself with either a shortfall or a surplus.
One of the key elements in analyzing your financial situation is to look for ways to reduce your expenses. This can help to free up cash that can either be invested for the long term or used to pay off fixed debt.
For example, if you were to reduce restaurant expenses or spending on non-essential personal items by $100 per month, you could use this extra money to prepay the principal on your mortgage. On a $130,000 30-year mortgage, this extra $100 per month could enable you to pay it off 10 years early and save you thousands of dollars in interest payments.
Allocation involves determining your financial commitments and priorities and distributing your income accordingly. One of the most important factors in allocation is to distinguish between your real needs and your wants.
For example, you may want a new home entertainment center, but your real need may be to reduce outstanding credit card debt.
Adjustment involves reviewing your income and expenses periodically and making the changes that your situation demands.
For example, as a new parent, you might be wise to shift some assets in order to start a college education fund for your child.
Using the four As is an excellent way to help you monitor your financial situation to ensure that you are on the right track to meet your long-term goals.
© 2006 Emerald Publications
Principal Financial Group
print this page
11100 Wayzata Blvd, Suite 161
•
Minnetonka, MN
•
55305
Phone: (952) 277-4259Toll Free: 800 626 7095
•
Fax: (952) 277-4301
www.joeswanson.com
•
swanson.joe@principal.com
PLEASE NOTE: The information being provided is strictly as a courtesy. When you link to any of these web-sites provided here, you are leaving this site. Princor makes no representation as to the completeness or accuracy of information provided at these sites. Nor is the company liable for any direct or indirect technical or system issues or any consequences arising
Joe Swanson is licensed in Minnesota, Wisconsin, Oregon, and Ohio (additional states can be made available) to offer insurance products, and life insurance (including variable life), annuities (including variable annuities), securities and if applicable - investment advice. This site is not a solicitation of interest in any of these products in any other state. IMPORTANT CONSUMER INFORMATION: Joe Swanson may only transact business in a particular state after licensure or satisfying qualifications requirements of that state, or only if (s)he is excluded or exempted from the state's registration requirements. Follow-up, individualized responses to consumers in a particular state by Joe Swanson that involve either the effecting or attempting to effect transactions in securities or the rendering of personalized investment advice for compensation, as the case may be, shall not be made without first complying with the state's requirements, or pursuant to an applicable state exemption or exclusion. For information concerning the licensure status or disciplinary history of a broker-dealer, investment advisor, BD agent or IA representative or any financial institution (s)he represents, contact your state securities law administrator. Principal Life Insurance Company, Des Moines, IA 50392. Principal Life maintains certificates of authority to transact insurance in all 50 states. Its NAIC identification number is 61271.
The words Financial Planning and Financial Advisor make no claims. Please see form ADV for disclosures. 401k plans and quotes are intended for Minnesota only and may be administered by other vendors including Fidelity, John Hancock, Principal Life, Nationwide Bisys, American Funds and others.

2007-04-13T20:58:00.000-07:00

Did You Miss the News?
In May 2006, a new tax law passed that has the potential to affect investors of all stripes. Because the Tax Increase Prevention and Reconciliation Act of 2005 (TIPRA) received only brief attention from the news media, you may have overlooked some of the changes.
It’s important to understand how this new tax law applies to your situation. The fact that you are reading this means you will almost certainly be affected by some of the major provisions.
Dividends and Capital Gains
The centerpiece of TIPRA is a two–year extension of the temporary lower tax rates on dividends and capital gains (through 2010). Dividends and long–term capital gains are taxed at a maximum 15% rate for Americans in the upper marginal income tax brackets. For taxpayers in the 10% and 15% brackets, the tax rate is 5% through 2007 and zero through 2010. Without the extension, dividend income would have been subject to rates up to 35%, and long–term capital gains would have been taxed at a maximum 20% rate in 2009.
AMT Relief
An exemption that helped many middle–income taxpayers avoid the alternative minimum tax in 2005 was increased and extended through 2006. The new exemption levels are $62,550 for joint filers and $42,500 for single filers. Also extended was a provision that allows some taxpayers to claim many nonrefundable personal credits to offset AMT liability. These include the dependent–care credit, the credit for the disabled and elderly, the credit for interest on certain home mortgages, and the Hope and Lifetime Learning credits for qualified education expenses.
Roth IRAs
Currently, only joint and single filers with modified adjusted gross incomes of $100,000 or less are eligible to convert a traditional IRA to a Roth IRA; income taxes are due on the amount converted. TIPRA changed the eligibility rules: Beginning in 2010, individuals will be able to convert a traditional IRA to a Roth IRA regardless of income or filing status. The new law also allows taxpayers who make the conversion in 2010 to spread the tax liability over two years (in 2011 and 2012).
Distributions from traditional IRAs are taxed as ordinary income and may be subject to an additional 10% federal income tax penalty if taken prior to reaching age 59½. To qualify for the tax–free and penalty–free withdrawal of earnings, a Roth IRA must be in place for at least five tax years, and the distribution must take place after age 59½ or be due to death, disability, or a first–time home purchase (up to a $10,000 lifetime maximum).
For the past several years, tax–law changes have occurred with surprising regularity. To benefit from them, it’s important to stay informed and to understand how you may be affected.
Principal Financial Group
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11100 Wayzata Blvd, Suite 161
•
Minnetonka, MN
•
55305
Phone: (952) 277-4259
•
Fax: (952) 277-4301

www.joeswanson.com
•
swanson.joe@principal.com
PLEASE NOTE: The information being provided is strictly as a courtesy. When you link to any of these web-sites provided here, you are leaving this site. Princor makes no representation as to the completeness or accuracy of information provided at these sites. Nor is the company liable for any direct or indirect technical or system issues or any consequences arising
Joe Swanson is licensed in Minnesota Wisconsin Oregon and Ohio (additional states can be made available) to offer insurance products, and life insurance (including variable life), annuities (including variable annuities), securities and if applicable - investment advice. This site is not a solicitation of interest in any of these products in any other state. IMPORTANT CONSUMER INFORMATION: Joe Swanson may only transact business in a particular state after licensure or satisfying qualifications requirements of that state, or only if (s)he is excluded or exempted from the state's registration requirements. Follow-up, individualized responses to consumers in a particular state by Joe Swanson that involve either the effecting or attempting to effect transactions in securities or the rendering of personalized investment advice for compensation, as the case may be, shall not be made without first complying with the state's requirements, or pursuant to an applicable state exemption or exclusion. For information concerning the licensure status or disciplinary history of a broker-dealer, investment advisor, BD agent or IA representative or any financial institution (s)he represents, contact your state securities law administrator. Principal Life Insurance Company, Des Moines, IA 50392. Principal Life maintains certificates of authority to transact insurance in all 50 states. Its NAIC identification number is 61271.

California 401k www.quote401ks.com

Cash Management Financial Advisor

2007-02-16T15:30:00.000-08:00

How Can I Keep My Money from Slipping Away?

As with virtually all financial matters, the easiest way to be successful with a cash management program is to develop a systematic and disciplined approach.
By spending a few minutes each week to maintain your cash management program, you not only have the opportunity to enhance your current financial position, but you can save yourself some money in tax preparation, time, and fees.
Any good cash management system revolves around the four As — Accounting, Analysis, Allocation, and Adjustment.
Accounting quite simply involves gathering all your relevant financial information together and keeping it close at hand for future reference.
Gathering all your financial information — such as mortgage payments, credit card statements, and auto loans — and listing it systematically will give you a clear picture of your overall situation.
Analysis boils down to reviewing the situation once you have accounted for all your income and expenses. You will almost invariably find yourself with either a shortfall or a surplus.
One of the key elements in analyzing your financial situation is to look for ways to reduce your expenses. This can help to free up cash that can either be invested for the long term or used to pay off fixed debt.
For example, if you were to reduce restaurant expenses or spending on non-essential personal items by $100 per month, you could use this extra money to prepay the principal on your mortgage. On a $130,000 30-year mortgage, this extra $100 per month could enable you to pay it off 10 years early and save you thousands of dollars in interest payments.
Allocation involves determining your financial commitments and priorities and distributing your income accordingly. One of the most important factors in allocation is to distinguish between your real needs and your wants.
For example, you may want a new home entertainment center, but your real need may be to reduce outstanding credit card debt.
Adjustment involves reviewing your income and expenses periodically and making the changes that your situation demands.
For example, as a new parent, you might be wise to shift some assets in order to start a college education fund for your child.
Using the four As is an excellent way to help you monitor your financial situation to ensure that you are on the right track to meet your long-term goals.
© 2006 Emerald Publications

• Principal Financial Group,
• 11100 Wayzata Blvd, Suite 161
• Minnetonka, MN
• 55305
• Phone: (952) 277-4259Toll Free: 800 277-7095
• Fax: (952) 277-4301
• www.joeswanson.com
• swanson.joe@principal.com

Minnesota, 401k plans and 401k quotes
PLEASE NOTE: The information being provided is strictly as a courtesy. When you link to any of these web-sites provided here, you are leaving this site. Princor makes no representation as to the completeness or accuracy of information provided at these sites. Nor is the company liable for any direct or indirect technical or system issues or any consequences arising
Joe Swanson is licensed in Minnesota Wisconsin Oregon and Ohio (additional states can be made available) to offer insurance products, and life insurance (including variable life), annuities (including variable annuities), securities and if applicable - investment advice. This site is not a solicitation of interest in any of these products in any other state. IMPORTANT CONSUMER INFORMATION: Joe Swanson may only transact business in a particular state after licensure or satisfying qualifications requirements of that state, or only if (s)he is excluded or exempted from the state's registration requirements. Follow-up, individualized responses to consumers in a particular state by Joe Swanson that involve either the effecting or attempting to effect transactions in securities or the rendering of personalized investment advice for compensation, as the case may be, shall not be made without first complying with the state's requirements, or pursuant to an applicable state exemption or exclusion. For information concerning the licensure status or disciplinary history of a broker-dealer, investment advisor, BD agent or IA representative or any financial institution (s)he represents, contact your state securities law administrator. Principal Life Insurance Company, Des Moines, IA 50392. Principal Life maintains certificates of authority to transact insurance in all 50 states. Its NAIC identification number is 61271.

Trusts: Financial Planning in Minnesota

2007-02-09T16:19:00.001-08:00

Trusts: Not Just for the Silver-Spoon Set

You don't need the wealth of Bill Gates or Warren Buffett ? or even need to be super rich ? to benefit from setting up a trust.
Personal trusts are soaring in popularity as more Americans discover their myriad uses. Since 1998, personal trust assets have grown from $659 billion to well over $1 trillion.¹
Although the use of trusts involves a complex web of tax rules and regulations, the idea behind them is fairly simple: A trust is an entity separate from you that is designed to own assets that you transfer to it. Here are some examples of the various trusts available to you.
Qualified terminable interest property (QTIP) trust: Helps control the distribution of your assets after your death, regardless of changing family circumstances. For example, if you died and your spouse remarried and had more children, a QTIP trust would help ensure that only your children would ultimately inherit your assets.
Special-needs trust: Can be used to help ensure that a disabled child remains eligible for government assistance that is based on the child's financial situation. The trust can control distributions to keep the child's income or net worth within eligibility limits.
Revocable living trust: Often used to help avoid probate at death, as well as give control of your finances to a trusted individual without court involvement if you should become incapacitated.
Before implementing any trust strategies, you should consider the counsel of an experienced estate conservation professional. But don't let that discourage you from taking advantage of the control and protection that a trust can provide.
1) The Wall Street Journal, December 24, 2005

• Principal Financial Group,
• 11100 Wayzata Blvd, Suite 161
• Minnetonka, MN
• 55305
• Phone: (952) 277-4259Toll Free: 800 277-7095
• Fax: (952) 277-4301
• www.joeswanson.com
• swanson.joe@principal.com

Joe Swanson Minnesota Financial Planner

2007-02-06T16:07:00.001-08:00

http://www.mngoodage.com/articles/2007/01/26/news/news01.txt Check out an article about Joe Swanson helping baby boomers

401k buyers

2007-01-27T09:29:00.000-08:00

401ks in Minnesota, Wisconsin, Iowa and the Dakotas can get thier quotes at:

http://www.mngoodage.com/articles/2007/01/26/news/news01.txt

www.quote401ks.com

www.wi-figuys.com

Posted by: Joe Swanson, CRPS

What Are the Advantages of Simplified Employee Pension Plans?

2007-01-12T17:01:00.000-08:00

What Are the Advantages of Simplified Employee Pension Plans?
www.joeswanson.com
By Joe Swanson, CRPS Minnesota Financial Advisor

Simplified employee pension (SEP) plans enable small businesses to provide retirement benefits with lower costs and less reporting requirements than other qualified retirement plans. SEPs offer some attractive benefits for employers and employees alike.How Do SEPs Work?A simplified employee pension plan is basically a group of individual retirement accounts maintained for employees.Under a typical SEP plan, the employer establishes IRAs for all participating employees. The employer then contributes to the IRAs, subject to the contribution limits for SEPs — not IRAs. Employer contributions are limited to the lesser of 25% of the employee's compensation or $44,000 per year. The company’s contributions are not counted as current income for the employee.SEP plans provide an effective retirement planning option for employees. They also provide the employer with an effective tax shelter.Salary-Reduction OptionEmployees can also fund a SEP through a pre-tax salary reduction. Under a salary-reduction SEP, or SARSEP, employees can elect to defer up to $15,000 of their salary to the plan (in 2006). Employee funding further reduces costs to the employer.This salary-reduction feature enables a SEP to work much like a 401(k) plan. Note that no new SARSEP plans may be established after 1996, but contributions can continue to existing plans.AdvantagesSEPs are designed to provide a number of advantages.They have a significantly lower setup cost to the employer than regular pension or profit-sharing plans. They also offer simpler reporting and record-keeping requirements. For employees, SEPs offer substantially higher contribution limits than regular IRAs. This enables employees to accumulate more for retirement.The retirement benefits in a SEP are fully vested as soon as they are contributed. This makes a SEP completely portable. Departing employees can roll their SEP balances into an IRA or have them transferred to a retirement plan sponsored by their new employer. Simplified employee pensions can provide significant retirement benefits to employees while minimizing setup and administrative costs for employers. Withdrawals from SEP plans and traditional IRAs are taxed as ordinary income and, if taken prior to age 59 ½, may be subject to an additional 10% federal tax penalty.

© 2006 Emerald Publications

Joe Swanson, CRPS Minnesota Financial Planner

• Principal Financial Group, • 11100 Wayzata Blvd, Suite 161 • Minnetonka, MN • 55305 • Phone: (952) 277-4259Toll Free: 800 277-7095 • Fax: (952) 277-4301
• www.joeswanson.com • swanson.joe@principal.com

PLEASE NOTE: The information being provided is strictly as a courtesy. When you link to any of these web-sites provided here, you are leaving this site. Princor makes no representation as to the completeness or accuracy of information provided at these sites. Nor is the company liable for any direct or indirect technical or system issues or any consequences arising Joe Swanson is licensed in Minnesota Wisconsin Oregon and Ohio (additional states can be made available) to offer insurance products, and life insurance (including variable life), annuities (including variable annuities), securities and if applicable - investment advice. This site is not a solicitation of interest in any of these products in any other state. IMPORTANT CONSUMER INFORMATION: Joe Swanson may only transact business in a particular state after licensure or satisfying qualifications requirements of that state, or only if (s)he is excluded or exempted from the state's registration requirements. Follow-up, individualized responses to consumers in a particular state by Joe Swanson that involve either the effecting or attempting to effect transactions in securities or the rendering of personalized investment advice for compensation, as the case may be, shall not be made without first complying with the state's requirements, or pursuant to an applicable state exemption or exclusion. For information concerning the licensure status or disciplinary history of a broker-dealer, investment advisor, BD agent or IA representative or any financial institution (s)he represents, contact your state securities law administrator. Principal Life Insurance Company, Des Moines, IA 50392. Principal Life maintains certificates of authority to transact insurance in all 50 states. Its NAIC identification number is 61271. Minnesota Financial Advisor

Minnesota Financial Planning Advisor www.joeswanson.com

2006-12-31T15:50:00.000-08:00

How Can I Upgrade My Insurance — Tax-Free?
by Joe Swanson, CRPS of www.joeswanson.com

Responding to the changing needs of consumers, the life insurance industry has developed some exciting alternatives. These alternatives go much further in satisfying a variety of financial needs and objectives than traditional types of insurance and annuities. Advancements Modern contracts offer much more financial flexibility than traditional alternatives. For example, universal life and variable universal life insurance policies allow you to adjust premiums and death benefits to suit your financial needs. Modern contracts can also provide you with much more financial control. While traditional vehicles like whole life insurance and fixed annuities provide returns that are determined by the insurance company, newer alternatives enable you to make the choices that will determine your returns. For example, variable annuities and variable universal life insurance allow you to allocate your premiums among a variety of investment subaccounts. These subaccounts range from conservative choices, such as fixed-interest and money market portfolios, to more aggressive, growth-oriented portfolios. Your returns will be based on the performance of these subaccounts. Withdrawals made from a variable annuity prior to age 591/2 may be subject to a 10 percent penalty. Generally, a surrender penalty will apply if the withdrawal is made during the early years of the policy. Variable annuity subaccounts fluctuate with changes in market conditions. When surrendered, your principal may be worth more or less than the original amount invested. There are many differences between variable- and fixed-insurance products. Variable universal life insurance offers several investment subaccounts that invest in a portfolio of securities whose principal and rate of return fluctuate. Also, there are additional fees and charges associated with a variable universal life insurance policy that are not found in a whole life policy, such as management fees. Whole life insurance offers a fixed account, generally guaranteed by the issuing insurance company. A Dilemma So what do you do if you’ve accumulated a substantial amount within your old life insurance policy or annuity? If you cash out your existing contracts and trade up to one that better suits your financial needs, you will have to pay income taxes on what you’ve saved. One solution to this problem is known as the “1035 exchange,” found in Internal Revenue Code Section 1035. This provision allows you to exchange an existing insurance or annuity contract for a newer contract without having to pay taxes on the accumulation in your old contract. This way, you gain new opportunities for flexibility and tax-deferred accumulation without paying taxes on what you’ve already built up.The rules governing 1035 exchanges are complex, and you may incur surrender charges from your “old” policy. In addition, you may be subject to new sales and surrender charges for the new policy. You’ll need the help of a financial professional. But it may be worth it. If you want to take advantage of today’s modern alternatives, consider a 1035 exchange.

Joe Swanson Minnesota Financial Planner© 2006 Emerald Publications
Joe Swanson, CRPS • Principal Financial Group, • 11100 Wayzata Blvd, Suite 161 • Minnetonka, MN • 55305 • Phone: (952) 277-4259 Toll Free: 800 277-7095 • Fax: (952) 277-4301 • www.joeswanson.com • swanson.joe@principal.com

www.joeswanson.com

2006-12-30T12:20:00.000-08:00

Find an IRA expert at Ed Slott's website. www.IRAhelp.com

Ed is quoted in many newspapers as america's ira expert. Joe Swanson has taken Ed's training and is an expert in IRA's and 401k's.

www.joeswanson.com

by: Joe Swanson Minnesota Financial Planner 952 277 4259

2006-12-30T12:18:00.000-08:00