Craig Lundquist's Financial Sense E-Delivery

Craig Lundquist, MBA

Sr. Financial Advisor

Wealth Advisors

Located at Ideal Credit Union

8499 Tamarack Rd., Woodbury, MN 55125

Phone: 651-773-2876

Email: craig.lundquist@cunamutual.com

Summer 2020

The New SECURE Act and You

The Setting Every Community Up for Retirement Enhancement (SECURE) Act, which went into effect this year, created significant changes to retirement savings rules. From later required minimum distributions (RMDs) of IRAs and 401(k)s to accelerated distributions of inherited IRAs, the SECURE Act affects nearly everyone.

Payroll Tax Credit Eligibility

The CARES Act’s new Employee Retention Credit is an alternative for those who did not receive a loan through the Paycheck Protection Program (PPP). The tax credit does not have a limit on the size of your business

With Time on Your Side

Millennials face challenging financial obstacles, including high student loan debt and difficult entry into an expensive real estate market. But they have one advantage that older generations never have: Time is on their side. If you’re a Millennial consider how, even with other financial obligations, you can find the money needed for long-term financial goals.

CARES Act Retirement Plan Changes

The Coronavirus Aid, Relief, and Economic Security (CARES) Act offers relief to individuals with some major changes to retirement plans in the near-term. These temporary new rules apply to both current retirees and those saving for future retirements.

How to Develop Healthy Spending Habits

Developing and maintaining healthy spending habits seems easy in theory but prove harder in practice. From the time we earn that first paycheck to receipt of our first retirement check, financial goals change, but smart spending habits hold true. Consider practicing these habits through the times of your life:

Open Enrollment Strategy for a Changing Workforce

Each summer, businesses across the country plan for open enrollment. Often, they’ll look at their employee benefit offerings to see how they may improve them to benefit both their firms and employees. This is becoming a more important exercise as Baby Boomers give way to Millennials and Gen Z staff who have different ideas about what they want in benefits. Here’s a look at what benefits younger employees may value:

Should You Refinance Your Mortgage?

Refinancing your mortgage could result in a lower monthly payment, especially with interest rates at a near historic low. Here’s what to consider before you decide:

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