Market Implications of the Russian Invasion of Ukraine
At Alerus, our investment philosophy and process are to take a long-term view and to prudently manage risk through asset allocation. This philosophy extends to periods of global economic change.
Mortgage rates are rising: Here’s what you should know
After a sustained run of historically low interest rates, most financial professionals and realtors expect mortgage rates to begin climbing upward in 2022. This is due to several factors, primarily the strong economy and recent inflation.
Thinking beyond the 401(k): Distribution planning and investments to consider
Saving and investing for retirement is an absolute must for most Americans, and investing in your future through 401(k)s, IRAs, and other retirement-specific investment vehicles should be a top priority when planning for long-term financial wellness.
Tapping home equity: How, when and why it makes sense
As a mortgage is paid down, the difference between what the home is worth and what is still owed — the equity — grows. This equity increases further if the value of the home continues to increase. Equity is considered an asset of the homeowner and is often the largest asset they hold.
Tips for making a successful offer
There is one crucial milestone that stands between finding the perfect home and getting it before someone else does — a successful offer. In a competitive market sellers have choices and are less inclined to review all offers. Buyers must be prepared to act fast and be savvy with their offers. Standing out from the…
A guide to charitable giving strategies
The state of public health and the economy over the past year and a half led large numbers of people to turn to charities for help. These same forces created both challenges and opportunities for business owners and high net worth families, many of whom have reevaluated what they want their legacy to be.