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State Taxes Add to Cost of Life Insurance, Annuities

Watch this video on YouTube We South Dakotans can be smug about the economic advantages of residing in our income tax-free state. While those advantages are big, we do have a few lesser-known taxes. These include a 6% franchise tax on banks and a 4.5% energy minerals...

Financial Planner’s Net Worth–Right Answer to Wrong Question

Watch this video on YouTube What’s your net worth? Financial professionals like me think nothing of asking clients this question. If the tables were turned, though, and clients or prospective clients asked the same question of us, how would we respond? Every now...

A Fast Way to Find Out if a Financial Advisor is a Fiduciary

Watch this video on YouTube If you consult an attorney or a doctor, you don’t have to ask whether their advice is intended to serve your best interests. It’s understood they have a responsibility to put your welfare first. There is no such understanding...

Bob Veres Article on Meaning of Fee-only Financial Planning

Financial journalist Bob Veres takes an insightful look at what fee-only financial planning really means in a September 8 article published at Valuewalk.com. The article is titled “What is “Fee-Only?” Is the CFP Board Taking the Right Approach to Defining...

Does Your Financial Advisor Owe You Trust?

Watch this video on YouTube In today’s complex world of technology, regulations, and finance, a critical life skill is finding advisors and service providers we can trust. Few of us know how to repair a laptop, grasp the details of income tax regulations, or...