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Why You Need a Written Financial Plan for 2026
December 2, 2025 |
As we move into December and begin turning our thoughts toward 2026, here’s a fresh opportunity: instead of just setting goals, let’s build a plan. According to a recent article from Investopedia, nearly 47% of Americans say they don’t have a written financial plan. That gap means many people are heading into the new year…
Roth vs. Traditional 401(k): Which One’s the Smarter Move for Your Future?
November 5, 2025 | Investing
Navigating retirement savings options can feel like decoding jargon, but when it comes to Roth versus Traditional 401(k)s, the choice boils down to one core question: when do you want to pay taxes: today, or decades from now? At EFS Advisors, we help you weigh the pros and cons so your decision supports both your retirement…
How to Talk About Wealth & Retirement with Your Family
October 1, 2025 |
Conversations about money, retirement, and legacy can feel uncomfortable, even in close families. But these discussions are some of the most important you’ll ever have. Open dialogue helps reduce conflict, builds trust, and ensures that your values, not just your numbers, are carried forward. At EFS Advisors, we encourage families to take a thoughtful, step-by-step…
Beware of AI Voice Scams
August 12, 2025 |
Protect Yourself: How to Spot and Avoid AI Voice & Video Scams Technology is evolving quickly—and so are the tactics used by scammers. One of the newest and most convincing threats we are seeing in the financial world involves AI-generated voice and video “deepfakes.” These tools allow fraudsters to sound or appear like someone you…
Big News for Minnesota Educators: Pension Reform Bill Signed into Law
June 3, 2025 |
On May 19, 2025, Minnesota lawmakers passed a significant bipartisan pension reform bill and Governor Walz quickly signed it into law, underscoring the urgency and importance of the changes. This is a meaningful win for teachers and other public service workers across the state, strengthening retirement benefits and recognizing the essential work done by Minnesota…
When to Consider Hiring a Financial Advisor: Key Signs It’s Time
January 10, 2025 |
Deciding whether to hire a financial advisor or manage your own finances can feel overwhelming. While some individuals thrive in handling their financial plans solo, many find that the expertise of a professional makes a significant difference in achieving their goals. Here are key insights to help you determine if hiring a financial advisor is…
10 Tax-Saving Strategies to Consider Before Year-End for 2024
December 16, 2024 | Finance, Retirement, Taxes
As we near the close of the year, it’s a great time to focus on maximizing tax-saving opportunities. If you’re a business owner, high earner, or retiree, taking advantage of these strategies before December 31 can help lower your 2024 tax bill. Here are ten effective ways to reduce taxable income and capital gains, from…
