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Products and Services Available
The advisors at Bremer Investment Services are able to provide you with a comprehensive list of investment products and services:

Stocks
Purchasing a company’s stock (equity) gives you ownership in that company, but with that ownership comes risk. Your possible earnings may fluctuate considerably. You have the potential to lose your entire investment if the company fails, or increase your share’s value many times over time. As a shareholder, you are entitled to collect income (also referred to as dividends) that the company allocates to all of the shareholders. Typically, dividends are paid every three months (unless your company doesn’t present dividends. Dividends are not guaranteed and must be authorized by the company's Board of Directors.

Bonds
Bonds are referred to as fixed income securities because most bonds pay interest that is fixed at a predetermined rate. Investing in bonds  can offer lower volatility than stocks, a bond investor will be repaid ahead of shareholders if a company goes bankrupt or defaults on its bonds. The investment rates of return on bonds are considerably lower than that of stocks because bonds typically hold a lower risk.

401(k) Rollover and Lump-Sum Distribution
One of the most important ways to save for retirement is through an employer-sponsored 401(k) program. When you change jobs and receive your 401(k) proceeds to roll over, or are presented with another form of lump-sum distribution, it’s important to take immediate action.

Your retirement professional makes it easy for you to avoid federal penalties and keep your funds working for you. We can help you take advantage of IRS regulations governing required minimum distributions from 401(k) accounts.

If you need to roll over your 401(k) plan assets, don’t delay. Act now. Taking a lump-sum distribution from your 401(k) will lead to the following:

  • Mandatory 20 percent federal income tax withholding
  • Possible 10 percent early withdrawal penalty
  • Possible local and state taxes owed*

Long-Term Care Insurance
Long-term care is a term used to describe the services needed when you are stricken with a prolonged physical illness, disability, or cognitive disorder. These services can also include help with the daily living activities such as eating, bathing, and dressing. Long-term care services are primarily considered custodial care, which is best exemplified by nursing home care.

Just a few months in a nursing home can exhaust personal assets and open the door for Medicaid, the federal welfare program administered by each state. Medicaid requires people to "spend down" their assets prior to qualifying for the program. Even if the asset requirement is met, options are limited, as not all nursing homes will accept Medicaid recipients.

The obvious solution is long-term care insurance, which can minimize the problems that occur when long-term care is needed. This type of insurance can cover nursing home costs. Long-term care insurance can also help preserve accumulated wealth for your spouse and other heirs while preventing the indignity of slipping into poverty to obtain Medicaid coverage.

529 Plans**
Named after a section of the Internal Revenue Code, 529 plans are state-sponsored programs that encourage college savings. Each state decides whether it will offer a 529 plan and what it will look like. The plans offer tax-free growth as long as your money stays in the plan. When a withdrawal is taken to pay for the beneficiary’s college costs, it is free from federal income tax. Any earnings on withdrawals not used for qualified expenses are subject to ordinary income tax and a 10 percent penalty. Some states also offer tax incentives. The plan assets are professionally managed either by the state treasurer’s office or by an outside investment company hired as the program manager.

*Raymond James Financial Services, Inc. does not provide tax or legal advice. Please consult with you tax advisor/and or legal advisors.

** Please carefully consider the investment objectives, risks, charges, and expenses associated with municipal fund securities before investing. More information about municipal fund securities is available in the issuer's official statement. You may obtain an official statement from the issuer or your financial advisor. You should consider your own state's plan carefully since some states offer favorable tax treatment to their residents. Please read the official statement carefully before investing.