Investment income on 529 accounts is exempt from both federal and Minnesota income taxes if the income is used for qualifying higher education expenses. Qualifying expenses include tuition, fees, room and board, books, and some other education expenses.

Prudence tells us that stock markets tend to grow over the long term while being relatively volatile in shorter periods (Dot-com bubble, great recession, fiscal cliffs, Greek debt crisis, trade wars, etc). Planning helps us to use that wisdom to protect ourselves from the shock.

A wealth manager aims to consider everything that affects your finances – including portfolio and asset management.

Social Security and Supplemental Security Income (SSI) benefits for more than 67 million Americans will increase 2.8 percent in 2019

A recent change in legislation allows for consumers to place a security freeze or fraud alert on their credit file—for free. At Vector, we had an internal discussion about how the new law (Economic Growth, Regulatory Relief, and Consumer Protection Act) could affect our clients.

Do not focus on a specific “right” amount of money, at least not yet. Rather, consider a few factors and give some though to what “enough” and “retirement” means to you.

Vector Wealth Management is pleased to announce it has been named to the 2018 edition of the Financial Times 300 Top Registered Investment Advisers. The list recognizes top independent RIA firms from across the U.S.