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As an independent financial services firm, our priority at Black Financial Services is to serve you and assist in financial planning for you as an individual or business in Minnesota. We focus on helping retirees and pre-retirees build a more comfortable nest egg and achieve long-term financial goals.

Financial planning is our passion. We listen first, getting to know you and your specific situation and providing objective advice to benefit you. You deserve a proactive partner in your financial planning journey.

Benefits Of Financial Planning

Many Americans are not receiving professional help with financial planning. Does this include you and your family? Financial planning is a great way to help gain greater independence for your future, while still living for today.

Meeting with us can be beneficial in a number of ways. First, it will help you define what exactly your financial goals are. This is something many couples don’t realize they aren’t on the same page about until forced to talk about it.

Another benefit of financial planning is helping to ensure your goals are realistic for your timeline. A financial planner can help you determine a plan to help reach your goal, or if your goals need to be adjusted.

Financial planners can also help point out mistakes you might not have noticed in your financial planning. For instance, if you have credit card debt with interest, are you making that interest back on any of your investments, or anywhere near that amount of interest?

Once your financial planning goals are setup, you can actually measure your progress and adjust goals accordingly.

Financial planning also helps you identify benefits and risks which may not have occurred to you. Benefits such as taking advantage of your company’s 401(k) matching or flex spending. Risks may be like calculating your risk of becoming disabled or dying early.

The biggest benefit may be increased confidence in your ability to maintain your standard of living, as well as being more comfortable with your living situation. No one likes uncertainty, and financial planning helps you lay things out and take control of your future.

Helpful Content

Social Security Benefits: How Much Will I Receive

Social Security Benefits: How Much Will I Receive

Calculating your potential Social Security benefit is a three-step process.

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What Do Your Taxes Pay For?

Here's a breakdown of how the federal government spends your tax money.

Countering Counterfeit Currency

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Combating counterfeiting remains core to preserving the integrity of the nation’s money.

 

The Economic Journey of Your Morning Coffee

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Debt Stress

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Don’t Be Your Own Worst Enemy

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Social Security: Maximizing Benefits

There are other ways to maximize Social Security benefits, in addition to waiting to claim them.

Where Will Your Retirement Money Come From?

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Weighing the Benefits of Prepaid Debit Cards

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Should I Pay Off Debt or Invest?

This calculator will help determine whether you should invest funds or pay down debt.

Federal Income Tax

Use this calculator to estimate your income tax liability along with average and marginal tax rates.

A Look at Systematic Withdrawals

This calculator may help you estimate how long funds may last given regular withdrawals.

Historical Inflation

This calculator shows how inflation over the years has impacted purchasing power.

Comparing Investments

This calculator compares the net gain of a taxable investment versus a tax-favored one.

What Is the Dividend Yield?

This calculator helps determine your pre-tax and after-tax dividend yield on a particular stock.

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5 Smart Investing Principles

Principles that can help create a portfolio designed to pursue investment goals.

Principles of Preserving Wealth

How federal estate taxes work, plus estate management documents and tactics.

Keys to Investing for Retirement

There are some key concepts to understand when investing for retirement

Your Cash Flow Statement

A presentation about managing money: using it, saving it, and even getting credit.

An Inside Look at Retirement Living

A number of questions and concerns need to be addressed to help you better prepare for retirement living.

5 Smart Investing Strategies

There are some smart strategies that may help you pursue your investment objectives

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When Do You Need a Will?

When do you need a will? The answer is easy: Right Now.

Raise Your Retirement Income

Retirees look for ways to convert savings and investments into regular income. One option to consider is an annuity.

When Special Care Is Needed: The Special Needs Trust

A special needs trust helps care for a special needs child when you’re gone.

The Business Cycle

How will you weather the ups and downs of the business cycle?

Perception vs. Reality

There’s an alarming difference between perception and reality for current and future retirees.

Estate Management 101

A will may be only one of the documents you need—and one factor to consider—when it comes to managing your estate

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