Wealth Management Newsroom

Transferring wealth is a complex process that requires careful planning, clear communication, and regular updates. Your estate plan, which includes your legacy plan and trust documents, ensures that your wealth is distributed according to your wishes. However, without proper planning, costly mistakes—sometimes irreversible—can occur.

April 15 might still feel far away, but as the tax filing deadline approaches, you might hear people saying, “My refund was huge” or “I can’t believe I owed that much this year!” With these phrases common, taxpayers may need a reminder about why they received a refund or a big bill.

Many individuals work tirelessly to build their wealth over the years. As retirement approaches, the focus often shifts from accumulating wealth to finding ways to truly enjoy it. Why is this so important?

As we step into 2025, it's the perfect time to set financial intentions for a prosperous year. Budgeting can help, so let's debunk common myths, explore how to create a sustainable budgeting system, and share strategies to stay on track.

Read this article for key tax planning considerations and opportunities to keep in mind as we transition into 2025.

Budgeting for the Holidays · Make a list, and check it twice. · Shop for bargains · Curb impulse shopping and spending · Make a plan for those other expenses.

Chad Schuiteman, Bank President at Northwest Bank is pleased to announce Michael Storey has joined Northwest Wealth Management in Sioux Center.

Bring focus to your charitable giving plan by examining where your values, causes and organizations overlap. Read this article to learn more.

Trusts are a common feature of estate plans. Whether you want to preserve wealth for the future, bypass the probate process or simply ensure your wishes will be upheld, a trust can help.