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7 Tips to Navigate Healthcare Over 65

As the world of health insurance evolves, the Annual Enrollment Period can be overwhelming and confusing. For those nearing age 65, it’s essential to understand the paths in and around Medicare regarding your financial plan. As a full-service financial planning firm, Ballast Advisors works closely with seasoned professionals in many areas of personal financial planning, … Read more

2nd Quarter Market Update

We hope this 2nd Quarter Market Update finds you well. As we reach the end of the second quarter of 2023, we want to provide you with an update on the markets and key developments that have occurred in the economy. Overall Economic Overview: The second quarter of 2023 has witnessed a mixed economic landscape … Read more

Important Notice about Woodbury Office Access

Please note that there is an upcoming construction project scheduled to take place near our Woodbury Office from July 17th to July 28th. This construction will involve the demolition and replacement of the sidewalk and parking lot in front of our building.

The construction activities may result in temporary changes to access and parking around our office. In order to minimize any inconvenience during this period, we kindly request that you call ahead prior to visiting our office. Our team will be ready to provide detailed instructions on parking and entry to the building, ensuring a smooth visit for you.

While we understand that some visits may be unavoidable, we strongly advise against visiting our office during this construction period if it is not essential. Your safety and convenience are our top priorities, and we want to ensure that your experience with us remains seamless. We are more than happy to arrange alternative means of communication such as video conferences, phone calls, or email correspondence to accommodate your needs.

Please rest assured that our services and commitment to meeting your expectations remain unaffected by the construction project. Our dedicated team is fully equipped to assist you remotely and provide the same level of support and professional services you have come to expect from us.

If you have any questions or concerns regarding the construction or need assistance in rescheduling any appointments or meetings, please do not hesitate to reach out to us at 651.478.4644. We will be glad to assist you.

Thank you for your understanding and cooperation during this temporary inconvenience. We greatly value your continued partnership, and we look forward to serving you with our usual dedication.

Warm regards,

Ballast Advisors Woodbury Team

Five Things That Actually Get Better With Age

 Yes, there are good things about being old, such as increased happiness, less stress, better marriages and deeper friendships. You seldom hear that: People tend to focus on the negatives of aging.  How old is “old?” I don’t know exactly, but after my recent birthday I can say that it’s much older than 58. My … Read more

Transformative Tech: Will AI Upend the American Workforce?

A chatbot with uncanny human-like writing abilities has become the poster child for artificial intelligence (AI) since it was released in late 2022, inspiring new levels of attention, excitement, and concern about recent advances in this life-changing technology. As the race among tech companies to monetize AI picks up speed, it’s worth considering how widespread … Read more

Navigating the Current Mortgage Interest Rate Environment

The home mortgage is often the biggest transaction of a person’s life. In today’s dynamic economic landscape, mortgage interest rates play a significant role in shaping individuals’ financial plans. Whether you’re a homeowner, prospective homebuyer, or even an investor, understanding the impact of the current mortgage interest rate environment is crucial to one’s overall personal … Read more

Mothers and Money: How Three Generations of Women Approach Financial Planning

Financial planning is a vital aspect of life. Often, the financial lessons and advice passed down from generation to generation shape an individual’s approach to finances. In honor of Mother’s Day, we are delighted to have a multi-generational family of Ballast Advisors clients, Jean, Val, and Amanda, who have agreed to share their experiences and … Read more

Understanding Custodial Relationships Amidst the Silicon Valley Bank Collapse

When working with a Registered Investment Advisor (RIA), investors may have heard the term “custodial relationship.” This refers to a partnership between the RIA and a financial institution that acts as the custodian of the client’s investment assets. For example, Ballast Advisors uses Charles Schwab as custodian for client investment assets. However, recent events involving … Read more

7 Things You Can Do to Trim Your 2023 Tax Bill

 Reducing your tax liability can literally save you thousands of dollars  Tax season can be a stressful time for many people, especially if you’re not fully prepared. However, with some advance planning and preparation, you can take steps to reduce your tax bill for the upcoming year. Here are 7 things you can do now … Read more