Common Money Mistakes To Avoid in Divorce
At MPPL Financial, we help clients during the divorce process. Terri Rau, a financial advisor and a Certified Divorce Financial Analyst® on our team, has seen firsthand how emotionally overwhelming and mentally draining this time can be. “Many describe the divorce process as a time of feeling frozen, numb, or like they’re moving in slow […]
Grandparent-Owned 529 College Savings Plans: More Powerful Than Ever
There’s good news for students who have financially generous grandparents. Beginning in the 2024-2025 academic year, grandparent-owned 529 college savings plans have stopped becoming a headache for students seeking federal financial aid. As Ben Laska, CFP® and financial advisor based in MPPL’s Wausau, WI office, explains: “Previously, distributions from such plans negatively impacted the student’s […]
Why Pre-Retirees Need To Understand How Medicare Works
Many people approaching retirement incorrectly believe that their health care costs will be fully covered once they reach 65, the magical year they become eligible to enroll in Medicare. After all, it’s not surprising that pre-retirees think that because they paid the 1.45% Medicare tax on their annual earnings over the course of their working […]
5 Tips To Reduce Your Financial Clutter
Reducing your financial clutter is one step in the process of gaining control over your personal finances and becoming more organized. “What’s more, it also provides a way to review and ensure you are taking adequate measures for information security,” says Cory Wokasch, one of MPPL’s financial advisors based out of our Duluth, MN office. […]