Gentz Financial Services
Minnesota Wealth Management & Retirement Planning
Farming and finances often share the same end goal—growth. Yet sooner or later, it comes time to reap what you have sowed. Here at Gentz Financial, we’ve cultivated our investment and retirement strategies to help ensure you collect a reliable, sustainable harvest for you and your family.
Since our founding back in 1980, we’ve always stayed true to our core values of family-first relationships and personalized care to help you maximize the fruits of your labor. With three locations across the state, our roots are firmly embedded in the soil of Central Minnesota. Our local team of honest, experienced professionals works tirelessly to nurture each client’s unique financial plan so that, as we grow, you flourish with us.
Are you ready to plant the seeds of your financial future? to take a virtual step into our business and get a sneak peek into what motivates us and makes us proud to be helping Minnesotans retire for over 40 years!
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Our 360° Plan To Retirement
Helping create sound financial strategies for the days ahead
Gentz Financial Services is a retirement services firm serving central Minnesota. Founded in 1980, we have developed our business by reaching out, nurturing, and maintaining close, trusting relationships with each of our clients.
ASSET PRESERVATION
In recent years, we’ve seen that aggressive and conservative products, both domestic and global, can move in tandem with one another. In other words, we have experienced market scenarios in which there is very little safety anywhere—even for diversified portfolios.
Twenty-first century Asset Preservation calls for more than just strategic asset allocation. Product allocation—buying instruments that can preserve your portfolio from negative returns early in retirement—can be considered a more effective means of preserving assets.
While it does not protect against the potential for loss diversifying your retirement assets among a variety of vehicles may offer you the best chance of meeting your retirement income goals throughout your lifespan.
There is no guarantee that a diversified portfolio will outperform a non-diversified portfolio in any given market environment. No investment strategy, such as asset allocation, can guarantee a profit or protect against loss in periods of declining values.
Income Planning
Thanks to new prescription drugs and medical technology, people are living longer than ever before. However, one drawback to a longer life is the greater possibility of outliving your savings – creating all the more reason to develop a retirement income plan designed to last a longer lifetime.
A significant financial loss in the years just prior to and/or just after you retire can have a devastating impact on the level of income you receive over the course of your life. In fact, the earlier a loss occurs, the greater the chance of depleting your retirement savings.
We can help you design an income plan incorporating multiple financial vehicles to help you create opportunities for long-term growth as well as guarantee* income throughout your retirement.
Wealth Management
Time doesn’t stand still, and neither does money. That’s why you can use time to your advantage when working towards wealth accumulation.
The longer you contribute money, the more time your money has to compound interest. If your portfolio has not fully recovered from losses in recent years, you may wish to consider a more aggressive allocation to make up for lost ground and get back on track to accumulating wealth.
Other allocations should be set aside for more conservative products and/or secured income contracts. After all, the last thing you want to do is lose wealth during the next market correction.
Life Insurance
Life insurance isn’t for those who have died—it’s for those who are left behind. When shopping for life insurance, consider needs such as replacing income so your family can maintain its standard of living, as well as paying for your funeral and estate costs. As a rule of thumb, you should seek coverage between five and seven times your gross annual income. As far as the various types of policies go, they can generally be placed into one of two categories: Term and Permanent.
Term insurance generally provides coverage for a specified period of time and pays out a specified amount of coverage to your beneficiary only if you die within that time period. You pay the same amount of premium from the first day of the policy until the term ends. Permanent insurance, on the other hand, does not need to be renewed. A permanent insurance policy will stay permanently in effect for the rest of your life so long as premiums continue to be paid.
LEGACY & ESTATE PLANNING STRATEGIES
Estate planning is simply determining (while you’re still alive) where your assets should go after you die. Without a properly structured estate plan, your wishes may not be fulfilled, and your loved ones could be hurt both emotionally and financially.
While the concept is simple, the vehicles, planning, and implementation process can be rather complex. Because of the constantly changing estate tax laws and emerging vehicles to help you protect and transfer your assets effectively, it’s important to work with experienced estate planning professionals who stay current in this field and advise clients on a day-to-day basis.
Medicare
Medicare is our country’s health insurance program for people age 65 or older. Certain people younger than age 65 can qualify for Medicare, too, including those who have disabilities and those who have permanent kidney failure. The program helps with the cost of health care, but it does not cover all medical expenses or the cost of most long-term care.
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Retirement Resources
Download Our Complimentary Guide
AVOID “MARKET PANIC”
Tips To Help Avoid “Market Panic” Reaction
Planning for retirement is never a “set it and forget it” activity: There are unexpected disasters, market drops, and changing laws that invariably cause retirees to reevaluate their plans. Diseases, natural disasters, or political instability are examples of things that can cause market downturns or drops. Such occurrences are difficult to predict, and their consequences can cause people to make hasty decisions with their finances. However, you can prepare yourself for a downturn by having a solid financial strategy in place. The most recent bout of “market panic” likely won’t be the last one you’ll see in your lifetime, so why not have a plan to address future market drops? If you’re concerned about your financial security as you near and enter retirement, assessing your risk tolerance, reevaluating your portfolio, and seeking professional advice could be a good idea.
