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Beyond Medicare – How to Fund Health Care Costs in Retirement

As retirement draws closer, many of us cling to a false sense of security that Medicare will cover all of our health care costs. Once we hit 65, it’s all taken care of and we don’t have anything to worry about, right? Wrong. While it’s true that beginning at age 65 most Americans become Medicare…

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So You Want to Retire Early? What You Can Do Now to Prepare

You’ve done your time. You’ve had a long (and hopefully rewarding) career and are ready to ease into retirement. There’s one problem. You’re not quite officially retirement age yet. You have a few years (maybe more) until you reach age 62 and can start receiving Social Security. And a few more years still until you…

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Surviving Market Volatility During COVID-19 Virus Uncertainty

During this time, it may be comforting to remember that you are not alone. Everyone is wondering what the future holds for the Coronavirus (COVID-19). Everyone has the same fears and anxiety that you may be feeling right now. When it comes to your investments, all you can really control is how you react. Sticking…

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Helping Your Child Buy a Home

How quickly they grow up. Spend a few minutes talking to parents whose children are now grown up and you might hear a common refrain that goes something like this: the years go by so fast, one day they were in diapers and the next day they were moving out of the house. When a…

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Covering Your Mortgage with Insurance

If you, your spouse or life partner would pass away or if you become disabled and are unable to work, your family could potentially lose your home. These are unpleasant yet realistic considerations. Today, many households depend on two income earners in order to meet the mortgage payment and monthly expenses. Alerus experts see all…

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What Rising Interest Rates Mean For You

You’ve probably seen news about the Federal Reserve raising the prime rate, which trickles down to the interest rates charged and paid by banks, credit card companies and others. But what does this really mean for you or for your business? First, some perspective:  Rates are still historically very low. But even when rates rise,…

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