Smart Wealth Blog

The inherited IRA 10-year rule requires most non-spouse beneficiaries to empty an inherited retirement account by the end of the tenth year after the original owner's death, and for many of them to take a distribution in each of the years in between. 360 Financial, a fee-based fiduciary firm with offices in Wayzata and Elk River, Minnesota, works with beneficiaries on how to spread that withdrawal rather than letting a deadline decide it. The mistake under the inherited IRA

A couple in Elk River recently sat down with their team at 360 Financial with a simple question: "We have saved for thirty years. How do we know if it is actually enough?" Retirement planning in Elk River usually starts with that same question, and the honest answer is rarely a single number. It is a plan for turning savings into income, in an order that holds up against taxes, healthcare costs and whatever the market does next, built by a team that knows the northwest metro

Retirement planning in Wayzata, MN looks different depending on who is asking. For some clients it means figuring out the exact month they can stop working. For others it means making sure a Lake Minnetonka home, a family business, or a portfolio built over thirty years actually generates the income they need for the next thirty. 360 Financial is based right here in Wayzata, and our team works to build a retirement plan around your actual life, not a generic formula. If you

Does retirement planning end at retirement? 360 Financial provides ongoing reviews covering withdrawals, taxes, Medicare, and estate needs. Schedule a call.

Retirement planning in Rogers, MN often starts with old 401(k)s. 360 Financial's Elk River team consolidates accounts into one coordinated strategy.

Planning retirement income and healthcare costs together? 360 Financial coordinates Medicare, subsidies, and withdrawals into one strategy. Schedule a call.

Searching for a retirement planning advisor in St. Michael, MN? 360 Financial serves Wright County and the Twin Cities with fiduciary, fee-based retirement guidance.

Looking for a retirement planning advisor in Bloomington, MN? 360 Financial helps Twin Cities residents pursue work-optional living with a personalized, fiduciary approach.

Dividing retirement accounts in a Minnesota divorce involves QDROs, tax timing, and real traps. See how 360 Financial helps clients plan the financial side.

Searching for a retirement planning advisor in Minneapolis? 360 Financial helps Twin Cities residents pursue work-optional living with a fiduciary, fee-based approach.

How Twin Cities families near retirement handle market volatility: mapping withdrawals before allocation, cash buffers, Roth conversions and tax-loss harvesting.

Alex* was a highly successful sales professional. Although he was in his early sixties, he enjoyed his work and wasn’t planning to retire yet. However, the situation changed overnight when his company was bought out, and the new owners decided to eliminate Alex's position.

Melissa and Mike* had been clients of 360 Financial for several years. They were organized, financially disciplined, and had accumulated substantial assets across retirement, Roth, and taxable investment accounts.

Your business structure will determine how much tax you’ll owe, how your personal assets are protected, and how you pay your taxes.

Your business structure will determine how much tax you’ll owe, how your personal assets are protected, and how you pay your taxes.

If you’ve been searching for the pros and cons of retiring in Minnesota, chances are you’re trying to figure out if the Land of 10,000 Lakes is truly the right place for your next chapter.

Planning for retirement is about more than just saving money. It's also about understanding how taxes will affect your future income. If you're searching for information on Minnesota retirement taxes, you're likely wondering how Social Security, pensions, 401(k) withdrawals, and even property or estate taxes could impact your financial security.

If you have $500,000 or more in investable assets, a team of professionals can help coordinate all aspects of your financial life, aiming to ensure nothing falls through the cracks.

Do you have a 403(b) in Minnesota? The 403(b) is your financial ally in the land of retirement savings.

There are plenty of retirement plans for small businesses, but not all fit every business owner.