360 Financial and Rapacki + Co

HELPING YOU KEEP MORE THROUGH BETTER PLANNING.

April 21, 2023

Two specialist firms. One powerful team.

With 360 Financial and Rapacki + Co. in your financial corner, you get one team of experienced specialists driving your personalized, comprehensive wealth planning and tax strategy to grow your wealth and save on taxes.

Simple, yet comprehensive.

ONE PLACE
Save time with seamless communication and collaboration between firms. No need to mediate back and forth to get results. We streamline the process to keep you involved and informed.

ONE TEAM
Joint experienced teams collaborating, strategizing, and meeting regularly to discover the most optimal wealth planning strategies for a more beneficial tax outcome for you and your family.

Today’s Certainty.

Having an experienced CPA on board helps ensure you’re paying the least possible amount in taxes. Our expert team of specialists apply high-level problem-solving to find more opportunities to save.

Tomorrow’s Security.

Our knowledgable wealth management professionals will ensure that you’re saving and investing in the right places. With a focused, collaborative tax planning strategy, we’re dedicated to find more places to diversify, invest and grow your money.

Power in Numbers. Better Solutions for You.

We aim help your family get the best outcomes through our comprehensive, personalized plans. We know you worked hard for your wealth. It’s important to have the right team in place that works equally hard to maximize your gains in the most tax-efficient manner possible.

Schedule a free consultation below to learn more or call us at 952.542.8900.

 

The Professionals associated with 360 Financial may be either (1) registered representatives with, and securities offered through LPL Financial, Member FINRA/SIPC, and offer investment advice through 360 Financial, a registered investment advisor; or (2) solely tax professionals of Rapacki & Co., and not affiliated with LPL Financial. Tax/accounting/CPA related services offered through Rapacki & Co. DBA 360 Financial Tax Strategies. Rapacki & Co. is a separate legal entity and not affiliated with LPL Financial. LPL Financial does not offer tax advice or Tax/accounting/CPA related services.

WEBINAR: Getting Long-Term Care Planning Right

April 20th, 2023

Getting Long-Term Care Planning Right

PROBLEM: When it comes to planning a safe and secure retirement, long-term care (LTC) remains a confusing and unaddressed challenge to many people’s financial security.

SOLUTION: In order to feel safe and secure about your retirement plan, you need a custom approach—a “real plan”—for how you’ll pay for long-term care.

Brian Bohnsack and Mike Rogers will cover what long-term care really is, how relying on Medicare and Medicaid is not a plan, historic problems with long-term care insurance, and new approaches to planning for long-term care for people at all stages of financial planning and health.

Getting Long-Term Care Planning Right as they cover new approaches to planning for long-term care.

Or download the LTC Planning Options Summary to help you get started today.

Looking for more information?

Download Your FREE Copy of Our Minnesota Estate Planning Checklist

    WEBINAR: Secure 2.0 Updates: Changes to Know for Retirement

    February 7, 2023

    Secure 2.0 Updates: Changes to Know for Retirement

    As part of the fiscal 2023 spending package, Congress passed SECURE 2.0 to incentivize retirement savings. These changes could create opportunities for your retirement savings strategy. We will do a brief overview highlighting the key changes you need to know about, including tax credits, required minimum distributions, catch-up and self-correction, contributions, and rollovers.

    Brian Bohnsack, Senior Vice President, and Mike Rogers, President of 360 Financial, will guide you through the changes and how they impact you and your retirement.

    Download the Key Takeaways

    As you watch, if you have any specific questions or concerns, please don’t hesitate to reach out to our team!

    Looking for more information?

    Download Your FREE Copy of Our Minnesota Estate Planning Checklist

      WEBINAR: 2023 Outlook: Finding Balance

      January 10, 2023

      Mike and Brian guide you through recognizing 2022 imbalances that had built in the economy and setting ourselves up for what comes next as the economy and markets find their way back to steadier ground—even if the adjustment period continues.

      As you watch, if you have any specific questions or concerns, please don’t hesitate to reach out to our team!

      Looking for more information?

      Download Your FREE Copy of Our Minnesota Estate Planning Checklist

        WEBINAR: Retirement Planning for Business Owners

        October 12, 2022

        How do business owners plan for retirement? What is the best way to save for retirement when self-employed? As a sole proprietor, with employees, how do you develop an exit strategy or succession plan for your business? Mike Rogers, President of 360 Financial, will guide you through essential steps you should take as an entrepreneur to plan for retirement, save when self-employed, and develop an exit strategy for your business.

         

        As you watch, if you have any specific questions or concerns, please don’t hesitate to reach out to our team!

        Looking for more information?

        Download Your FREE Copy of Our Minnesota Estate Planning Checklist

          Great News! We Merged.

          September 8, 2022

          Fleming Investment Group has merged with 360 Financial! Together, we can all provide a broader range of services than previously managed. We’re excited to announce that as of September 8, 2022, both firms will be operating together.

            

          We continue to enrich lives through values-based principles for our clients, employees, and team members. By living and breathing six core values: confidence, going above and beyond, positivity, problem-solving, community impact, and integrity, we hope to achieve your genuine satisfaction as we help you pursue your aspirations.

           

          We are very excited to offer expanded services, a wonderful team, and an entire disciplined financial services team to support you and your family’s financial needs.

          You can now choose between one of two convenient office locations. The additional team members strengthen our bench as we continue to grow and remain on the 2022 Inc. Magazines Best Workplaces list. 360 financial made the list of 475 companies, is one of 35 companies in the financial industry, and is the only one based in Minnesota.

          Warmest welcome to the new 360 team members; Brian, Danielle, Naomi, and Patty!

          NOW two convenient locations!

          Read the Press Release

          Fleming Investment Group has been compensated in connection with this merger. Clients are under no obligation to remain with Brian Bohnsack in connection with the merger.

          Download Your FREE Copy of Our Minnesota Estate Planning Checklist

            Webinar: Leaving a Positive Legacy

            August 29, 2022

            Do you know what kind of legacy you want to leave? Estate planning isn’t about death. It’s about your happiness, your family’s happiness, and leaving a positive legacy. Mike Rogers, President and founder of 360 Financial, will uncover four estate planning secrets to help you understand the opportunity estate planning creates, the power of big picture planning, and your ability to leave a positive legacy.

             

            As you watch, if you have any specific questions or concerns, please don’t hesitate to reach out to our team!

            Looking for more information?

            Inc. Magazine’s Best Workplaces 2022 Award

            360 Financial, Inc. Named to Inc. Magazine’s Annual List of Best Workplaces for 2022

            360 Financial Inc. has been named to Inc. magazine’s annual Best Workplaces list. Featured in the May/June 2022 issue, which hits newsstands on May 17 and is prominently featured on Inc.com, the list results from a comprehensive measurement of American companies that have excelled in creating exceptional workplaces and company cultures in a physical or virtual facility.

            360 Financial is a locally owned, boutique wealth management firm specializing in business owners, thriving families, and top-of-their-field professionals. The company’s mission is to enrich lives by navigating life’s impactful financial events. We learn and understand what is most important to our clients, and we align their values-based life objectives to their financial goals.

            We use this enriching and values-based principle for our employees and team members, living and breathing six core values: confidence, going above and beyond, positivity, problem-solving, community impact, and integrity. On the Best Workplaces list, 360 Financial, Inc. is one of 35 companies in the financial industry and the only one based in Minnesota. It is the only wealth management company on the list of 475 companies.

            “A round of applause to each of our team members. This award only happened because they all positively contribute to our core values and culture. What a tremendous acknowledgment of the teams’ commitment!” noted Mike Rogers, president and founder of Wayzata-based 360 Financial. “If we treat our team this well, think how well we treat our clients!”

            After collecting data from thousands of submissions, Inc. selected 475 honorees this year. Each nominated company took part in an employee survey conducted by Quantum Workplace, which included topics like management effectiveness, perks, fostering employee growth, and overall company culture. The organization’s benefits were also audited to determine the overall score and ranking.

            See the 2022 list here.

            Webinar: Midyear Outlook 2022: Navigating Turbulence

            July 27, 2022

            Markets rarely give us clear skies, and there are always threats to watch for on the horizon, but the right preparation, context, and support can help us navigate anything that may lie ahead. So far, this year hasn’t seen a full-blown crisis like 2008–2009 or 2020, but the ride has been very bumpy. We may not be flying into a storm, but there’s been plenty of turbulence the first part of 2022. How businesses, households, and central banks steer through the rough air will set the tone for markets over the second half of 2022. Midyear Outlook 2022: Navigating Turbulence as he covers the economy, stocks, bonds, and policy.

            Mike Rogers, President, and founder of 360 Financial, provides a fast-paced overview of economic insights and market guidance.

            As you watch, if you have any specific questions or concerns, please don’t hesitate to reach out to our team!

            [email protected]

            Traditional IRA account owners have considerations to make before performing a Roth IRA conversion. These primarily include income tax consequences on the converted amount in the year of conversion, withdrawal limitations from a Roth IRA, and income limitations for future contributions to a Roth IRA. In addition, if you are required to take a required minimum distribution (RMD) in the year you convert, you must do so before converting to a Roth IRA. LPL Financial does not provide tax advice. Clients should consult with their personal tax advisors regarding the tax consequences of investing.

            The opinions, statements and forecasts presented herein are general information only and are not intended to provide specific investment advice or recommendations for any individual. It does not take into account the specific investment objectives, tax and financial condition, or particular needs of any specific person. There is no assurance that the strategies or techniques discussed are suitable for all investors or will be successful. To determine which investment(s) may be appropriate for you, please consult your financial professional prior to investing. Any forward-looking statements including the economic forecasts herein may not develop as predicted and are subject to change based on future market and other conditions. All performance referenced is historical and is no guarantee of future results. References to markets, asset classes, and sectors are generally regarding the corresponding market index. Indexes are unmanaged statistical composites and cannot be invested into directly. Index performance is not indicative of the performance of any investment and does not reflect fees, expenses, more sales charges. All performance referenced is historical and is no guarantee of future results. Alternative investments may not be suitable for all investors and should be considered as an investment for the risk capital portion of the investor’s portfolio. The strategies employed in the management of alternative investments may accelerate the velocity of potential losses. Event driven strategies, such as merger arbitrage, consist of buying shares of the target company in a proposed merger and fully or partially hedging the exposure to the acquirer by shorting the stock of the acquiring company or other means. This strategy involves significant risk as events may not occur as planned and disruptions to a planned merger may result in significant loss to a hedged position. Any company names noted herein are for educational purposes only and not an indication of trading intent or a solicitation of their products or services. LPL Financial doesn’t provide research on individual equities. All index data from FactSet. All information is believed to be from reliable sources; however, LPL Financial makes no representation as to its completeness or accuracy.

            GENERAL RISK DISCLOSURES

            Investing involves risks including possible loss of principal. No investment strategy or risk management technique can guarantee return or eliminate risk in all market environments. There is no guarantee that a diversified portfolio will enhance overall returns or outperform a non-diversified portfolio. Diversification does not protect against market risk. Investing in foreign and emerging markets debt or securities involves special additional risks. These risks include, but are not limited to, currency risk, geopolitical risk, and risk associated with varying accounting standards. Investing in emerging markets may accentuate these risks. GENERAL DEFINITIONS Gross Domestic Product (GDP) is the monetary value of all the finished goods and services produced within a country’s borders in a specific time period, though GDP is usually calculated on an annual basis. It includes all of private and public consumption, government outlays, investments and exports less imports that occur within a defined territory. The PE ratio (price-to-earnings ratio) is a measure of the price paid for a share relative to the annual net income or profit earned by the firm per share. It is a financial ratio used for valuation: a higher PE ratio means that investors are paying more for each unit of net income, so the stock is more expensive compared to one with lower PE ratio. Earnings per share (EPS) is the portion of a company’s profit allocated to each outstanding share of common stock. EPS serves as an indicator of a company’s profitability. Earnings per share is generally considered to be the single most important variable in determining a share’s price. It is also a major component used to calculate the price-to-earnings valuation ratio. The Standard & Poor’s 500 Index is a capitalization weighted index of 500 stocks designed to measure performance of the broad domestic economy through changes in the aggregate market value of 500 stocks representing all major industries. The Bloomberg U.S. Aggregate Bond Index is an index of the U.S. investment-grade fixed-rate bond market, including both government and corporate bonds.

            EQUITY RISK

            Investing in stock includes numerous specific risks including the fluctuation of dividend, loss of principal and potential illiquidity of the investment in a falling market. Because of their narrow focus, sector investing will be subject to greater volatility than investing more broadly across many sectors and companies. Value investments can perform differently from the market as a whole. They can remain undervalued by the market for long periods of time. The prices of small and mid-cap stocks are generally more volatile than large cap stocks.

            EQUITY DEFINITIONS

            Cyclical stocks typically relate to equity securities of companies whose price is affected by ups and downs in the overall economy and that sell discretionary items that consumers may buy more of during an economic expansion but cut back on during a recession. Countercyclical stocks tend to move in the opposite direction from the overall economy and with consumer staples which people continue to demand even during a downturn. Growth stocks are shares in a company that is anticipated to grow at a rate significantly above the average for the market due to capital appreciation. A value stock is anticipated to grow above the average for the market due to trading at a lower price relative to its fundamentals, such as dividends, earnings, or sales. Value stocks are anticipated to grow above the average for the market due to trading at a lower price relative to its fundamentals, such as dividends, earnings, or sales. Large cap stocks are issued by corporations with a market capitalization of $10 billion or more, and small cap stocks are issued by corporations with a market capitalization between $250 million and $2 billion.

            FIXED INCOME RISKS

            Bonds are subject to market and interest rate risk if sold prior to maturity. Bond values will decline as interest rates rise and bonds are subject to availability and change in price. Bond yields are subject to change. Certain call or special redemption features may exist which could impact yield. Government bonds and Treasury bills are guaranteed by the US government as to the timely payment of principal and interest and, if held to maturity, offer a fixed rate of return and fixed principal value. Corporate bonds are considered higher risk than government bonds but normally offer a higher yield and are subject to market, interest rate, and credit risk, as well as additional risks based on the quality of issuer coupon rate, price, yield, maturity, and redemption features. Mortgage-backed securities are subject to credit, default, prepayment, extension, market and interest rate risk. FIXED INCOME DEFINITIONS Credit Quality is one of the principal criteria for judging the investment quality of a bond or bond mutual fund. As the term implies, credit quality informs investors of a bond or bond portfolio’s credit worthiness, or risk of default. Credit ratings are published rankings based on detailed financial analyses by a credit bureau specifically as it relates to the bond issue’s ability to meet debt obligations. The highest rating is AAA, and the lowest is D. Securities with credit ratings of BBB and above are considered investment grade. The credit spread is the yield the corporate bonds less the yield on comparable maturity Treasury debt. This is a market-based estimate of the amount of fear in the bond market. Base-rated bonds are the lowest quality bonds that are considered investment-grade, rather than high-yield. They best reflect the tresses across the quality spectrum. The Barclays Aggregate U.S. Bond Index represents securities that are SEC-registered, taxable, and dollar denominated. The index covers the U.S. investment grade fixed rate bond market, with index components for government and corporate securities, mortgage pass through securities, and asset-backed securities. High yield/junk bonds (grade BB or below) are not investment grade securities, and are subject to higher interest rate, credit, and liquidity risks than those graded BBB and above. They generally should be part of a diversified portfolio for sophisticated investors. Municipal bonds are subject to availability and change in price. They are subject to market and interest rate risk if sold prior to maturity. Bond values will decline as interest rates rise. Interest income may be subject to the alternative minimum tax. Municipal bonds are subject to availability and change in price. They are subject to market and interest rate risk if sold prior to maturity. Bond values will decline as interest rates rise. Interest income may be subject to the alternative minimum tax. Municipal bonds are federally tax-free but other state and local taxes may apply. If sold prior to maturity, capital gains tax could apply.

            The Bad Days are Only Temporary Market Update

            July 12, 2022

            Mike Rogers, President, and founder of 360 Financial, reminds us that the bad days are only temporary. We cannot control everything, like the market volatility we are experiencing today. We continue to read negative headlines from the news, making it difficult to stay positive. Is there a silver lining? Mike will reiterate that we can control our actions. Don’t make a fear-driven mistake. If you have a LifeWealth plan, it accounts for the market volatility that we are witnessing today.

            As you watch, if you have any specific questions or concerns, please don’t hesitate to reach out to our team!

            [email protected]

            Traditional IRA account owners have considerations to make before performing a Roth IRA conversion. These primarily include income tax consequences on the converted amount in the year of conversion, withdrawal limitations from a Roth IRA, and income limitations for future contributions to a Roth IRA. In addition, if you are required to take a required minimum distribution (RMD) in the year you convert, you must do so before converting to a Roth IRA. LPL Financial does not provide tax advice. Clients should consult with their personal tax advisors regarding the tax consequences of investing.