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Gold As An Investment

In the last 30 years, I have only missed my annual Canadian fishing trip twice. The first time was when I was 19 years old, and I had recently gotten a summer job that did not allow me to take time off. The second time I missed this trip was this year due to the Covid lockdowns. The lake that our group fishes in Canada is near a city in Ontario named Red Lake. Red Lake, Ontario, is home to one of the largest gold mines in the world. This mine has produced billions of dollars of gold over the years. Several years ago, my fishing partners and I had the opportunity to get to know one of the local miners. This local miner was named Jacques, pronounced Jack. He was originally from Quebec and had a distinct French-Canadian accent, especially after he would kindly help himself to some of our Canadian Club.

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Ty Bernicke, CFP® | President & CEO

Cares Act And Changes To Required Minimum Distributions

Recently, the Coronavirus Aid, Relief, and Economic Security Act, more commonly known as the CARES Act, was signed into law. Some aspects of the coverage revolve around rebate checks, the postponement of tax filing season, as well as one significant change we wanted to bring to your attention.

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Ty Bernicke, CFP® | President & CEO

What To Do About The Market Down Turn

Today my kids are 22, 16 and 13 years old. I am very proud and fortunate that all three kids are healthy and doing well. My wife and I periodically reflect on the types of parents we were when the kids were younger. I certainly wish I could go back in time when my kids were young and change how I was as a parent. Back when the kids where younger I was less sympathetic than I am today. When my kids did something wrong I naively thought that I could logically explain what they did wrong in a manner where they would see the value and immediately change their behavior.

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lake in the winter with white snow and tall trees
Ty Bernicke, CFP® | President & CEO

The Secure Act

Every now and then, legislation is passed that alters the retirement savings landscape. The Setting Every Community Up for Retirement Enhancement Act (SECURE Act), signed into law on December 20, 2019, represents the first major piece of retirement legislation passed in a decade. Like many people, you are probably wondering what this means for you.

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Ty Bernicke, CFP® | President & CEO

The Secure Act What Is It And How Does It Affect Me

Every now and then, legislation is passed that alters the retirement savings landscape. The Setting Every Community Up for Retirement Enhancement Act (SECURE Act), signed into law on December 20, 2019, represents the first major piece of retirement legislation passed in a decade. Like many people, you are probably wondering what this means for you.

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Ty Bernicke, CFP® | President & CEO

Going Without Medicare Part D May Not Make Sense

Even if you aren’t currently taking any medications, if you’re turning 65 soon and will be eligible for Medicare, you may want to seriously consider enrolling in Part D coverage at the same time you enroll for Medicare. In most cases, delaying Part D enrollment means you’ll have to pay a penalty if you want to enroll later than when you are first eligible.

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woman with a backpack in the spring looking at a tree with pink leaves and apartments in the background
Dan V. Estenson CFP®, AIF® | Lead Wealth Manager

What Are Advanced Placement Ap Courses Worth To Your Student

One of my areas of interest in my position as a Wealth Manager with Bernicke Wealth Management, Ltd. is developing strategies for our client’s children and grandchildren to help pay for their college education. College costs have been increasing rapidly for quite a while now, and the amount of student loan debt is increasing each year as well. According to Nitro College, as of 2020 there is $1.53 trillion dollars of U.S. student loan debt, with the average student loan debt balance being $37,172. This is quite a burden for a young person to take on, especially in their early years of employment when they typically will be earning lower starting salaries as they enter the workforce.

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tall grass with house behind
Ty Bernicke, CFP® | President & CEO

National Debt

In 2001, my wife and I bought our first home. We were fortunate to save enough money and put down 20% on the home. This allowed us to avoid paying Private Mortgage Insurance on the remaining 80% owed to the bank. It is hard to describe the amount of fear I had prior to this large purchase. I kept thinking of possible scenarios that could cause us to be unable to make our loan payments, and what that could mean for our family’s future.

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Why You May Be Able To Retire Earlier Than You Think Article Cover
Ty Bernicke, CFP® | President & CEO

Why You May Be Able To Retire Earlier Than You Think

Much of the research done on how much money can safely be withdrawn from retirement nest eggs focuses on an initial amount that is withdrawn in the first year of retirement, and then assumes that this initial amount is increased by an inflationary factor every year thereafter. So what does this look like? Is this realistic? What does this practically mean for you as an investor?

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