IRA

My Dad--a Stunt Pilot with a Plan

My Dad--a Stunt Pilot with a Plan

My dad, a stunt pilot who built his own airplanes, had a motto for building aircrafts, “prior planning prevents poor results.” He didn’t die in a plane crash—so you could say he followed his own advice, at least when it came to flying. I encourage that same strategy when it comes to managing your assets—prior financial planning prevents poor results.…

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The teacher says I am pretty smart!

The teacher says I am pretty smart!

Some friends of the Ranch were visiting our Minot campus and we were giving them a tour. In the elementary school, our tour guide was one of our 6th graders, Andy*. Andy had been a resident in Cornelsen Cottage and was continuing to attend school as a day student. Andy has blonde hair, blue eyes and tends to talk quickly. It was obvious he had prepared for the tour and we were all impressed by his natural charm and solid handshake. He was virtually trembling with excitement about this important task!…

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Donating IRA Assets to Charity: What You Need to Know

Donating IRA Assets to Charity: What You Need to Know

If you plan to include charitable gifts in your estate plans, consider leaving your cash and other investment assets to your heirs; with retirement plan assets going to a charity like Dakota Boys and Girls Ranch. Why? Your heirs will pay significant taxes on any retirement assets, while tax-exempt charities will not. Other assets, like your home and stocks, can be sold by your heirs with little or no tax due.…

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