Turnkey Financial MGMT, LLC 



3025 Harbor Ln North Suite 222
Plymouth, MN 55447


(763) 444-1660


(763) 210-5352


What is going on in the world of Turnkey? You can read about our organization, services and the financial advising industry right here in our blog. Feel free to check in any time to read, learn and enjoy!


Quote of the Day

Friday, November 17, 2017

"Not all those who wander are lost."


-J.R.R. Tolkien



Bracing for Higher Rates

Friday, November 10, 2017

With inflation ticking higher and the employment situation improving, the Federal Reserve anticipates gradually lifting the benchmark federal funds rate in 2017 and 2018.  Officials are also discussing plans to shrink the Fed's huge bond portfolio ($4.5 trillion). Phasing out the bond-buying program could reduce overall demand for government bonds and cause some financial market volatility.


Source: Federal Reserve, 2017 and The Wall Street Journal, April 16, 2017



Quote of the Day

Friday, November 3, 2017

"For every minute you are angry you lose sixty seconds of happiness."

-Ralph Waldo Emerson



Longer and Longer

Friday, October 27, 2017

Since 1940, the life expectancy at birth of a US citizen has increased by 1 year every 13 years.


Source: Social Security



Quote of the Day

Friday, October 20, 2017

"We have two lives, and the second begins when we realize we only have one."




Wealth Transfer

Friday, October 13, 2017

Over the next 45 years, $59 trillion will pass from baby boomers to the next generation.  Relatively few boomers, however, have taken the steps to make sure that the wealth doesn't vaporize after the transfer.  Roughly 70% of families will lose their wealth by second generation, and 90% by the third.


Source: WealthManagement.com, March 27, 2017



Quote of the Day

Friday, October 6, 2017

"When I was a boy and I would see scary things in the news, my mother would say to me, 'Look for the helpers.  You will always find people who are helping.' To this day, especially in times of 'disaster,' I remember my mothers's words, and I am always comforted by realizing that there are still so many helpers--so many caring people in this world."

-The World According to Mister Rogers



HSA Advantages

Friday, September 29, 2017

Beyond the "triple tax advantage" of HSA's--money goes in pre-tax, grows free of tax, and can be withdrawn without income tax as long as it's used for qualified medical expenses--there's the fourth tax advantage, which is that money going into HSA's is excluded form Social Security and medicare taxes. 


Source: Natalie Brinkman



Estate Planning Tip

Friday, September 15, 2017

Keep all your important financial and legal information in a central file for your executor. Be sure to include:

• Letters of instruction
• Medical records
• Bank/brokerage statements
• Income and gift tax returns
• Insurance policies
• Titles and deeds
• Will and trust documents



Quote of the Day

Friday, September 8, 2017

Todays Quote goes out to those dealing with Hurricane Harvey!

"You are Braver than you believe, Stronger than you seem, Smarter than you think and Loved more than you'll ever know!"

-Winnie the Pooh



Green Acres

Friday, September 1, 2017

The average "farm real estate value" is $3,080 an acre in 2017, including land and buildings, an increase of +4.4% per year over the last 10 years.

Source: Department of Agriculture



Quote of the Day

Friday, August 18, 2017

"I love deadlines.  I love the whooshing noise they make as they go by."

-Douglas Adams



An Intresting Tidbit

Friday, August 11, 2017

Fifty years ago, Barclays Bank in London installed the world's first ATM.  Afraid of losing their jobs, bank tellers spread honey over the ATM's keyboard in hopes of preventing people from using it. 

Source: MarketPlace, June 27th, 2017


Quote of the Day

Friday, August 4, 2017

"I've learned that people will forget what you said, people will forget what you did, but people will never forget how you made them feel."

-Maya Angelou



Life Expectancy Fact

Friday, July 28, 2017

Before 1800, no counry in the world had an average life expectancy at birth beyond 40.  Today there is not a country that does not.

Source: The Economist July 6, 2017



Quote of the Day

Friday, July 21, 2017

"When I went to school, they asked me what I wanted to be when I grew up.  I wrote down 'happy.' They told me I didn't understand the assignment, and I told them they didn't understand life."

-John Lennon



Quote of the Day

Friday, July 7, 2017

"You only live once, but if you do it right, once is enough."

-Mae West



Vacation Statistics

Friday, June 30, 2017

Last year, about half of U.S. workers who get vacation days did not use all of them, leaving 662 million vacation days on the table.  According to Nathan Lump, editor of Travel and Leisure Magazine, when people take time off, they tend to spend money.  "if people took even one more day off a year than they do, that would add $33 billion to the economy" he said.

Source: MarketPlace.org, June 20, 2017



Quote of the Day

Friday, June 23, 2017

"Don't cry because it's over, smile because it happened"

-Dr. Seuss



The Wall Street Journal

Friday, June 16, 2017

The U.S. now has enough solar power installed to generate electricity for 8.3 million homes. 

Source:  The Wall Street Journal May 21, 2017



The Wall Street Journal

Friday, June 9, 2017

In the last three months of 2016, Apple racked up new cas at a rate of about $3.6 million an hour. 

Source:  The Wall Street Journal April 30, 2017



Quote of the Day

Friday, June 2, 2017

You are never too old to set another goal or to dream a new dream.



Development Jobs

Friday, May 26, 2017

By 2020, the U.S. Bureau of Labor statistics predicts there will be 1.4 million more software development jobs than applicants who can fill them.

-USA Today, March 31, 2017



Quote of the Day

Friday, May 19, 2017

The will to win, the desire to succeed, the urge to reach your full potential. . . these are the keys that will unlock the door to personal excellence.




Retire Here

Friday, May 12, 2017

Social Security benefits are taxed by just 13 states, i.e. 37 states do not count monthly Social Security benefits as taxable income at the state level. 


Source: Internal Revenue Service



Quote of the Day

Friday, May 5, 2017

Go Confidently in the direction of your dreams.  Live the life you've imagined.

Henry David Thoreau



Trade War Coming

Friday, April 28, 2017


16% of US exports are sold to Mexico.  80% of Mexican exports are sold to the United States.


Source: Commerce Department



American Funds Outlook

Friday, April 21, 2017


Since 1949, past expansions, on average, have lasted about five years.  But recessions are usually the result of excesses that build up in the economy, not of how much time has passed.  The U.S. economy is only 10.6% larger than at the height of the previous cycle.  Historically, the economy has gotten 23% bigger than the prior peak before another recession has hits.


Source: American Funds 2017 Outlook



Quote of the Day

Friday, April 14, 2017


Courage is going from failure to failure without losing enthusiasm.


Winston Churchill



Bottled Water

Friday, April 7, 2017

<span style="color: rgb(32, 32, 32);" ar-sa;"="" en-us;="" roman";="" new="" "times="" times="">Some 45% of bottled water brands are sourced from the municipal water supply- the same source as what comes out of the tap.

Source: MarketWatch, March 12, 2017



Long Time

Friday, March 31, 2017

The USA has kept records on economic expansions and contractions since 1854.  The current expansion, which began in July 2009, is in its 93rd month.  It is the 3rd longest expansion in history, trailing only expansions that ran from 1991-2001 and from 1961-69.

Source: National Bureau of Economic Research.



A Claim by Intel

Friday, March 21, 2017

Intel claims it’s achieved 100% pay parity for women and minorities. Women now comprise 25.8% of the company’s employees.

Source: Fortune, February 28,2017




Friday, March 17, 2017

For years, customer calls have been answered on a first come, first served basis.  Today, with the use of data mining, companies can instantly examine factors like a caller's credit history and social media profile to "tailor calls for each customer" by matcing them to the agents who've had success with similar customers.

Source: The Wall Street Journal, January 6, 2017



4-years as Fed Chair runs through 2/3/18.

Source: Federal Reserve





Friday, January 27, 2017

The United States imported 30% of the energy it consumed in 2006, a dependency that has dropped to just 12% in 2016.

Source: TerraJoule.us


Friday, January 13, 2017


President-elect Donald Trump has proposed a 1-time tax of just 10% on the estimated $2.5 trillion of profits held in overseas subsidiaries of US multinational firms instead of the top marginal 35% tax rate that may be deterring movement of the funds back to America today. A similar tax holiday was utilized in 2005 when a 5.25% one-time tax incentive (down from a top marginal corporate tax-rate of 35%) motivated American businesses to repatriate $360 billion back to the USA.

Source: Internal Revenue Service


Friday, December 30, 2016

Our nation's national debt was $18.922 trillion as of 12/31/15, a total that has reached $19.898 trillion as of Wednesday 11/23/16.

Source: Treasury Department


Friday, December 16, 2016

24% of the petroleum consumed by the United States in 2015 (including crude oil, gasoline and diesel fuel) was imported from foreign countries. The 24% was the lowest import percentage since 1970.

Source: Energy Information Administration


Friday, December 9, 2016


The average price of a single family home in the United States peaked in March 2007, bottomed in May 2011, and then rose back above its March 2007 average high price in November 2015 where it has stayed through July 2016 (latest data released). From its May 2011 low, home prices are up +32%. From its March 2007 previous high, home prices are up just +4%.

Source: Office of Federal Housing Enterprise Oversight


Friday, November 18, 2016

A present value (PV) amount of $1.9 million is a pre-tax retirement account is required today to fund a future payment stream of 30 years of $100,000 annually (with a 2.5% increase for maintenance of purchasing power) assuming that a 6% rate of return (ROR) can be maintained into the future.

Source: BTN Research

This is a hypothetical example and is not representative of any specific situation. Your results will vary. The hypothetical rates of return used do not reflect the deduction of fees and charges inherent to investing.


   Friday, November 11, 2016

The Affordable Care Act (ACA) requires health insurance companies to spend at least 80% of the premiums they receive on health care services (e.g. doctors and hospital bills) and no more than 20% on administrative costs (e.g. sale commissions and advertising). If your monthly health insurance premium was $500 in 2015 and your health insurance company spent 75% of premiums received on health care services (5% short of the required 80%), you were due a $300 refund by 9/30/2016 ie., $500 X 12 x 5%

Source: ACA



Friday, October 28, 2016


The Social Security trust fund is huge. At $2.8 trillion at the end of the first quarter of 2016, it exceeds the gross domestic (GDP) of every economy in the world except the five largest: the U.S., China, Japan, Germany, and the U.K..

In an average month, 48.2 million people age 62 and older receive a retirement benefit from the Social Security Administration.

Source: Social Security Administration, 2016


Friday, October 21, 2016


It was 8 years ago (10/16/08) that Warren Buffet wrote his “Buy America, I Am” op-ed article in the New York Times. Buffett encouraged investors to “be fearful when others are greedy, and be greedy when others are fearful.” Buffett’s letter was released less than 5 months before the stock market bottomed on 3/9/09, ending a 57% decline of the S&P 500*.

source: New York Times

*The Standard & Poor’s 500 Index is a capitalization weighted index of 500 stocks designed to measure performance of the broad domestic economy through changes in the aggregate market value of 500 stocks representing all major industries. S&P 500 is an unmanaged index which cannot be invested into directly. Past performance is no guarantee of future results.


Wednesday, October 12, 2016

48 of the 50 states allocate their Electoral College votes on a “winner-take-all” basis, with only Nebraska and Maineallocating their states’ votes using a different methodology. There are 538 Electoral College votesnationally, thus requiring 270 votes to win the presidency. 538 is the total of 435 members of the House of Representatives, 100 Senators and 3 electors given to the District of Columbia.

source: BTN Research


Friday, October 7, 2016

“People don't know what they want until you show it to them.” -Steve Job


Friday, September 30, 2016

The Federal Reserve said household net worth rose to $89.06 trillion in the second quarter of 2016, a rise of $1.07 trillion. The gains were almost equally split between the $452 billion rise in equities and the $474 billion advance in the value of real estate.

Source: Marketwatch, Sept 17, 2016


Friday, September 23, 2016

A 65-year-old couple retiring this year will need an estimated $260,000 to cover health care costs in retirement, a 6% increase over the 2015 calculation. The new estimate was the highest since Fidelity started making calculations in 2002. Not included in the estimate were other health-related expenses, such as over-the-counter medications, most dental services and long-term care.-Fidelity’s Retiree Health Care Cost Estimate, 2016

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