Owning a small business offers independence, flexibility, and the opportunity to build something meaningful. But when retirement approaches, business owners often face a more complex set of decisions than traditional employees. For small business owners near St. Charles, MN, retirement planning is not just about savings accounts or Social Security. It is about creating a […]
Retirement Planning When You Own a Small Business Read More »
When you withdraw your first RMD may impact your taxes. You may wonder how that can happen, and with tax season approaching, we thought it best to draw your attention to a nuance you may not be aware of. Typically, you have until December 31 to take your full distribution—or if you’re taking your first
For many retirees, Social Security becomes a foundational piece of retirement income. But one of the most important decisions you’ll make is not just whether to claim benefits, it’s when and how you claim them. At Mundt & Associates in St. Charles, MN, Justin Mundt regularly meets with individuals surprised to learn how much timing
Social Security and Retirement Income: Getting the Timing Right Read More »
When most people think about retirement planning, they think about investments. Stocks. Bonds. Mutual funds. Market returns. But a truly comprehensive retirement strategy is much more than an investment portfolio. In fact, focusing only on investments can leave significant gaps in your plan. At Mundt & Associates and Mundt Wealth Management in St. Charles, MN,
What a Comprehensive Retirement Strategy Includes (and Doesn’t) Read More »
We’ve received some questions lately regarding joint ownership of an annuity, and why it can’t be done in qualified accounts. Joint ownership of an annuity allows two individuals, usually spouses, to co-own a contract, ensuring income continues for the survivor. This offers security in that it provides income for two people while either is alive.
Joint and Why Not? Read More »
Helping You Feel Prepared with Justin Mundt in St. Charles, MN Meeting with a retirement planning professional for the first time can feel like a big step, but it doesn’t have to be overwhelming. At Mundt & Associates, we work with individuals and families across St. Charles, Minnesota to help bring clarity and confidence to
Your First Retirement Planning Meeting: What to Expect Read More »
It is not surprising that the thought of retiring is overwhelming to many due to major life shifts. This could include financial uncertainty, loss of identity, and lack of structure. Studies show that high anxiety regarding outliving savings and maintaining one’s lifestyle is one of the more common reactions to anticipating retirement. We can help
When it comes to retirement planning, it’s easy to get caught up in the numbers. How much will my portfolio return? Will my investments beat inflation? How long will my savings last? While these are important questions, they often overshadow something just as critical: your confidence in the plan itself. At Mundt & Associates in
Why Confidence Matters Just as Much as Returns in Retirement Read More »
Planning for retirement isn’t just about numbers. It’s about anticipating life’s twists and avoiding the small missteps that can become big setbacks later. At Mundt & Associates in St. Charles, MN, we’ve worked with many local families over the years. And while every situation is unique, there are a few common mistakes that we see
Avoiding the Common Retirement Mistakes We See in St. Charles, MN Read More »
Since January is a popular month for email scams, here are some tips to help avoid them and keep the good times going all year long. Call us if you’d like more tips on how to avoid getting caught in a scam; we’re always here to help.
It’s That Time of Year Read More »