NEW: The Department of Labor (DOL) and Securities Exchange Commission (SEC) are proposing new regulations concerning fiduciary standards.  Click here to read our white paper outlining the debate. 
 
 
Dan Dorval was recently quoted in an article on CBS Market Watch.  Click below to read:
 
 
 
We’ve moved! Please update your address to our new Maple Grove office:
 
11242 86th Avenue N
Maple Grove, MN 55369

 

Are you an RN thinking of becoming a Nurse Manager? Click here to read our white paper on some of the financial considerations that may impact you. 

 
 
 
 
 
 
 
 
 
 
Click here to view an electronic version of senior advisor Dan Dorval's book Financial Success for the Rest of Us.

 

 

 

 

"In the future there will be more financial products, more companies selling those products, and greater complexities within those products than is imaginable. An important factor that may help determine your ultimate level of financial success is obtaining the services of an ethical and competent financial advisor as a guide."

Dorval & Chorne is an independent firm specializing in both financial planning for our individual clients and also custom designing and implementing employee financial education programs for mid to large employers.  We have created a system we call The Financial Success Process™ to help individuals reach their financial goals.  Through financial advisory agreements, Dorval & Chorne provides ongoing financial education for large employers in the Twin Cities area.  Call today to learn more about the unique services we offer!

         

  

 

 
 
Calculators

College Funding

Use this calculator to estimate the cost of your child’s education, based on the variables you input.

Savings Goals

How much do you need to save each year to meet your long-term financial goals?

Cost of Retirement

Use this calculator to estimate how much income and savings you may need in retirement.

Impact of Inflation

Estimate the future cost of an item based on today’s prices and the rate of inflation you expect.

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Newsletters

Making Money Market Funds Work for You

Some investors turn to money market funds when they are concerned about market volatility. Although money market funds may carry less risk than stocks, investing in them as a reaction to market volatility also carries the risk of missing out on potential gains when the market begins to recover.

Getting to Know Your Beneficiaries

Estate conservation issues may be uncomfortable to face, but there's probably no other aspect that is as simple or inexpensive as designating beneficiaries for employer-sponsored retirement plans, IRAs, and life insurance policies.

Roth IRA Conversion Mistakes Can Be Costly

One popular way to fund a Roth IRA is by transferring assets from a traditional IRA or an employer-sponsored retirement plan. This type of transaction, called a Roth IRA conversion, is simple in theory but can be complicated in practice. If you make certain mistakes, you could lose some key advantages.

HOT TOPIC: The Federal Estate Tax Is Back and May Be Here to Stay

The estate tax has been reinstated after being allowed to lapse in 2010. The new estate tax provisions are the most generous in decades — but they are temporary. A far more stringent estate tax is slated to take effect after 2012. Fortunately, a properly structured trust may help some families reduce their potential exposure to the estate tax.

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