Well Balanced Vol. 12
✨ Notable Quotable
He was prepared, he thought, for any wonder. The only thing he had never expected was the utterly commonplace.
― Arthur C. Clarke, 2001: A Space Odyssey
🏆 recognition
CIMA® Certification
David Moser, CFP, recently passed the Certified Investment Management Analyst® (CIMA®) certification. Completion of this program demonstrates a cross-functional understanding of investment management and portfolio construction. Congrats David!
David has been with Vector since 2015 where he develops client-centered wealth management solutions as a Financial Planning Specialist. Connect with David.
* about CIMA® & other attributions at Vector
🏫 Education Planning
Compare College Planning Vehicles
Understanding the different college planning vehicles can help you choose the right one(s) for your needs. Here are three popular options to get the conversation started.
529 Education Plan
Tax-free investing and withdrawals for qualified education expenses.
Custodial Account
Funds must be used for the child’s benefit, not necessarily for college.
Coverdell Educational Savings Account
Maximum contribution of $2,000 annually per beneficiary.
Continue the conversation. Contact us.
⬆️ Higher Limits Projected in 2023
Retirement and Savings
401k/403b/457/TSP - from $20,500 to $22,500.
50 or older by 12/31: Catch-up contribution increase of $7,500
Traditional or Roth IRA - from $6,000 to $6,500.
Income limits apply.
50 or older by 12/31: Catch-up contribution increase of $1,000.
Health Savings Account (HSA) - family coverage from $7,300 to $7,750.
55 or older by 12/ 31: Contribute an additional $1,000.
Estimated forecast. More about this topic at irs.gov or contact us
🗺️ Restaurant Openings
Twin Cities Anticipated - Fall 2022
D’s Banh Mi - Expect a robust banh mi menu and noodle bowls. South Minneapolis.
Abang Yoli - Southeast and East Asian cuisine with French technique. Nicollet Avenue.
Tap In - Earth-themed space for food and cocktails, and music residencies. North Minneapolis.
Eat Street Crossing - A community and flavor-focused food hall in Whittier. Nicollet Avenue.
Source = eater.com. Details and more restaurants
🍁 autumnal equinox
Top 3 Fall Color Drives in Minnesota
North Shore of Lake Superior
Route: HWY. 61, Duluth to Grand Portage
Iron Range Loop
Route: HWY. 169 from Virginia to Tower, HWY. 135 through Biwabik back to Virginia
Edge of the Wilderness
Route: HWY. 38, Grand Rapids to Bigfork
Market Perspective
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