The big problem in finance — if not the biggest — is how to create a stream of sustainable income after people stop earning a regular paycheck.

Most people invest and try to anticipate (or guess) what the stock market, bond market, and interest rates will do, and then change their investment strategy based on where they think the markets are headed. Today, Bruce is going to explain why that’s a flawed strategy and suggest an approach that doesn’t rely on market forecasts.

Now that we’re back from the festivities, we want to focus on what you can do in 2024 to take active control of your money, with our first of-the-year segment, “Your 2024 Action Plan.”

We want to start by wishing everyone a Healthy, Happy, and Prosperous New Year. This week we’re going to share what we believe to be some of the biggest financial events and stories of 2023 and offer a few thoughts about what to do with your money in 2024.

Inherited wealth can come with lots of conflicting emotions and uncertainty about the way forward. Here are 5 ways to maximize an inheritance.

Introducing Andrew Thelander:

• Andrew has been a Senior Vice President and Financial Advisor at Wealth Enhancement Group since 2007
• He focuses on helping others achieve clarity in their financial lives and uses each client’s individual goals, values, and aspirations to craft a comprehensive financial plan — which frequently includes charitable giving strategies
• He is a CERTIFIED FINANCIAL PLANNER professional, a Retirement Income Certified Professional® and a Chartered Advisor in Philanthropy®
• Holds an MBA from Augsburg University and a bachelor’s degree in Business Management from The College of St. Scholastica, where he was recognized with a Young Alumni Achievement Award and was one of only 100 people inducted into their Century of Saints
• Andrew and his wife live in Stillwater, MN with their two sons. When not working, he and his family enjoy spending time outdoors
• Also volunteers as a University of Minnesota Master Gardener and serves on the Congregational Council at his local church

Talking Points:

#1: Focus on the people and cause(s) you care most about.

#2: Leverage the power of your company’s giving culture.

#3: Use financial strategies to maximize the value of your donation.

#4: Commit to multi-year giving to a single charity.

#5: Make unrestricted gifts.

#6: Consider a donor-advised fund for increased control & timing.

#7: Finally, be a vocal advocate for your favorite cause.

Introducing Preston:

• Preston has served institutions and high-net-worth families with comprehensive, customized and objective financial advice
• CERTIFIED FINANCIAL PLANNER™
• Works with the Roundtable™ to tailor advice for each client by integrating their life goals with personal finance
• Earned a BS degree from the University of North Dakota and an MBA for Metropolitan State University

• Lives in Minneapolis with wife and two sons. Enjoys travels and various sports.

Talking points:

1. The importance of retirement planning

2. Debt management

3. Emergency funds

4. Education