Turnkey Financial MGMT, LLC 

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3025 Harbor Ln North Suite 222
Plymouth, MN 55447

Phone:

(763) 444-1660

Fax/Other:

(763) 210-5352

Blog

ENERGY INDEPENDENCE

  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
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Quote of the Day

How wonderful it is that nobody need wait a single moment before starting to improve the world.-Anne Frank
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Not Completely on Our Own

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
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Quote of the Day

"Reputation is for time: character is for eternity.-J. B. Gough
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House Prices

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
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Quote of the Day

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Medical Loss Ration

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%S
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Quote of the day

Character is like a tree and reputation is like its shadow.  The shadow is what we think of it; the tree is the real thing.-Abraham Lincoln
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Social Security Facts

  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
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Quote of the day

Learning without thought is labor lost; thought without learning is perilous.
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Sage Advice

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 stock
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Quote of the Day

Quote of the DayAll love that has not friendship for its base, is like a mansion built upon sand.-Ella Wheeler Wilcox
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HealthCare in Retirement

  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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$100,000

  $100,000 Friday, January 5, 2018 More hurricane-related relief: Retirement plan participants and IRA owners who live in an area affected by Hurricane Harvey, Irma or Maria and sustained an economic loss may take a "qualified hurricane distribution" of up to $100,000 until January 1, 2019.  Thes distriubtions are not subject to 20% withholding or the 10% early distribution tax.  Taxpayers may spread the tax liability for these distributions or re-contribute these amoun
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