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The 4% Rule...


Thu, Dec 22nd, 2011
Posted in Ask the Expert

When most of us are asked how much money we'll need in order to retire, we have more questions than answers. Some might use a best guess. In 1994, William Bengen, a financial planner wrote an article about a concept he named the 4% Rule. This "rule" asserted that retirees who withdraw up to 4% of their retirement each month (adjusting for inflation) should be able to make their funds last for 30 years. His "rule" has proved sound for every 30 years since the 1920s. Basically what it tells us is that we need a portfolio that's 25 times our annual expenses. Social Security, annuities and pension plans are likely to cover a small portion of that, a portion that continues to decrease. Using this 4% Rule, we can determine the age at which we may be able to retire. If we consider using a 3% withdrawal rate and incorporate some miscellaneous income we may earn during our retirement years, we can stretch our income even further. So, take a moment to look at some hard numbers and plan to enjoy your golden years using the 4% rule!

P.J. Thompson

Insurance Agency, LLC

310 So Mill Street, PO Box 70

Rushford, MN 55971

507-864-2700 • pj@pjthompsonagency.com

Can I have a visitation and viewing if I choose cremation?

Thu, Dec 22nd, 2011
Posted in Ask the Expert

The ways that individuals choose to plan their funeral have changed so much in recent years. People often have questions about cremation.  You can choose to have a visitation with a viewing, followed by a traditional funeral service, and then b ..... 
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Q: Farmland has been increasing in value and I have been raising the value on my balance sheet. What if prices would decrease?

Thu, Dec 22nd, 2011
Posted in Ask the Expert

A: Bankers have learned from the '80s that land values can fall. We are more interested in cash flow than collateral values. We now adjust the balance sheet numbers to reflect a true earned change. Net worth can increase or decrease due to fluctuatin ..... 
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How can I keep my pet safe this holiday season?

Mon, Dec 5th, 2011
Posted in Ask the Expert

During the holiday season there are many things lurking in your home that can be harmful and even deadly to your pets. Here are the top four holiday hazards to watch out for:

1. Tinsel and ribbon are tempting treats to many pets and can easily ..... 
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Should I have a trust?

Mon, Dec 5th, 2011
Posted in Ask the Expert

Many people have heard of trusts and may be interested in them as a way to prevent probate. A trust may be beneficial, but not necessarily helpful for everyone. A trust is a type of ownership where the control of property and the benefits of ownershi ..... 
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Why should I buy a home and how do I know if the time is right?

Mon, Dec 5th, 2011
Posted in Ask the Expert

Owning a home can often be a lifestyle improvement, enabling a family to enjoy the features and amenities the property and community have to offer. Homeownership allows families to plant roots and take pride in their homes, building equity over time ..... 
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Q: What type of education and training do chiropractors have?

Mon, Dec 5th, 2011
Posted in Ask the Expert

A: Doctors of chiropractic are educated as primary-contact health care providers, with an emphasis on diagnosis and treatment of conditions related to the musculoskeletal system (the muscles,

ligaments and joints of the spine and extremities) ..... 
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Q: When will my ads start working?

Mon, Dec 5th, 2011
Posted in Ask the Expert

A: There are several factors that will determine results from your ads.

 Product Purchase Cycle: How often is the customer in the market for your product? - We eat more often than we redecorate so restaurant ads show faster results than ..... 
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