Contact Us

Use the form on the right to contact us.

You can edit the text in this area, and change where the contact form on the right submits to, by entering edit mode using the modes on the bottom right. 

Name *
Name

1043 Meadow Lane
Waconia, MN, 55387
United States

763-221-3447

Certified Financial Planner™ 

aaron-burden-521422-unsplash.jpg

Way To Wealth

 

Way To Wealth

 

Filtering by Tag: taxes

A Tax-Free Retirement Building Block: The Taxable Investment Account

Luke DeBoer, CFP®

There are many ways to build wealth, some of them easy, some accidental, most require a lot of hard work and patience, many of the ways are worth it in the end. For all the ways to build wealth, there are also many wealth destroyers. Many of them are self-inflicted, some are not though, such as expenses, bad luck, and one of the two guarantees in life ... taxes. Though few will ever be able to completely (and legally) avoid taxes, there are ways that we can legally limit them. Some of those tactics need to be thought of years, even decades, in advance. One of these ways to limit taxation is choosing where, as in what type of account, to save and invest. 

...

Read More

Get the Way to Wealth blog sent directly to your inbox

* indicates required

Tax Cuts & Jobs Act: What it is, how it affects you, and why you should/n't like it

Luke DeBoer, CFP®

This week the House and the Senate both passed what is largely being hailed - for better or worse - as the biggest change in tax law since Reagan was in office, the Tax Cuts and Jobs Act (TCJA). There is no shortage of analysis, articles, op-eds, etc. in regards to this bill, and for good reason, as it will literally and directly impact almost every single person and company in the country. 

...

Read More

Get the Way to Wealth blog sent directly to your inbox

* indicates required

Well, my wife is pregnant again, so it's time to ...

Luke DeBoer, CFP®

Did you know that the financial cost of raising a child is estimated to be approximately $14k per year in the midwest, per this handy tool? If this number were to remain steady, the total cost to get a kid out of the house is $252,000! 

...

Read More

Get the Way to Wealth blog sent directly to your inbox

* indicates required

The Awesomeness of HSA's

Luke DeBoer, CFP®

...saving for retirement in any of the available options is about taxes, or at least choosing to save in one vehicle over another is about taxes. H.S.A.'s are the most tax-efficient of them all. And so this is is one of those items in financial planning that you can take to the bank. It's not a gray issue. If you have access to an H.S.A. you should absolutely seek to max it out, almost before putting money anywhere else....

Read More

Get the Way to Wealth blog sent directly to your inbox

* indicates required

True Story - A Plan For $450k+ of Student Loan Forgiveness

Luke DeBoer, CFP®

John and Jane Doe came to Thinking Wealth (DeBoer Financial) as a referral in the late spring of 2017, seeking help on a very narrowly focused topic: Jane’s student loan situation. Specifically, she had (and still does have) roughly $145k of student loan debt, all of which was incurred in a graduate program. John and Jane just weren’t sure what route they should go in setting up either a repayment plan and/or whether they could get those loans forgiven somehow. They had done some research but the rules and options were, understandably, a bit overwhelming for them...

Read More

Get the Way to Wealth blog sent directly to your inbox

* indicates required