Wealth Management Newsroom

Depending on your medical needs and those of your family, you may have enrolled in a high-deductible health plan that allows you to pay for medical expenses using a health savings account (HSA). Because contributions go into an HSA pre-tax, grow tax-deferred and are distributed tax-free when used for qualifying costs, this option has gained popularity over the last several years.

As many committed couples are choosing to forgo marriage, it's becoming more common for wealth advisors to receive questions on the financial planning implications.

As the investment landscape has evolved, here's why alternatives could play a beneficial role in your portfolio.

Annuities are a popular way to supplement retirement income, provide tax-deferred growth and assist in legacy planning. But what are your options when an annuity no longer serves you?

The single biggest risk retirees face is using up all their resources in retirement. The good news is there are options to mitigate that risk.

Earlier this year the Social Security Administration released a completely revamped version of it's website, www.ssa.gov. This new version makes things more intuitive, easier to find, and there's a wealth of things you can do on this new version of the social security website.

Eric Van Der Heide, President at Northwest Wealth Management is pleased to announce Alex Johnson has accepted the position as Wealth Advisor with Northwest Wealth Management in Spencer. Alex joins Dean Jacobsen, also a Wealth Advisor in Spencer. Northwest Wealth Management, an affiliate of Northwest Bank, offers comprehensive financial planning, retirement planning, investment management, and retirement plan services to individuals and families, large and small companies, and non-profit foundations.

Tax planning shouldn't simply focus on hindsight. Upcoming life changes and external factors deserve attention and may offer opportunities to consider. With 2023 bringing the largest inflation adjustments in nearly 40 years, this is especially true, making it a great time to see how they could affect you.

The holidays usher in a joyful time of family gatherings, holiday parties, fun with friends and the promise of a bright new year. But before you put a bow on 2022, there are a few financial housekeeping tasks that you should review.