Retirement

Market downturns are a natural part of investing, but for those approaching or already in retirement, they can feel especially impactful. Watching account balances fluctuate can create uncertainty, particularly when those savings are meant to support your income for years to come. At Mundt & Associates in St. Charles, MN, Justin Mundt has worked with […]

Because it’s tax time, our clients have been asking questions about how taxpayers ages 65 and older can make the most of the temporary $6,000 senior tax deduction that is in effect for tax years 2025 through 2028. This is an unusual situation, because a deduction is available to both those who itemize and those

Retirement planning is often viewed as a numbers conversation. Savings, income, investments, and timelines tend to take center stage. But for many individuals and couples, the more challenging part is not the math. It is the conversation. Talking about retirement goals with a spouse or family member can bring up different expectations, priorities, and even

It is not surprising that people tend to compare their financial situation during retirement to others, because money is highly visible in life: through homes, cars, travel, and lifestyle. So it becomes an easy benchmark for perceived success. However, not only do these comparisons rarely reveal the full picture of someone’s debts, obligations, goals, or

For many people, retirement planning is something they intend to get around to “soon.” Between careers, family responsibilities, and day-to-day life, it can feel easy to push financial planning further down the to-do list. However, delaying retirement planning can incur real costs, some of which may not become obvious until adjusting course is much harder.

One of the most common concerns people have when approaching retirement is simple but serious: What if my money doesn’t last as long as I do? This concern is known as longevity risk, and it has become increasingly important as life expectancy continues to increase. Many retirees today may spend 25 to 30 years in

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

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

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,

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