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.

More Calculators →

Newsletters

To Roll or Not to Roll: It's Your Choice

Some employers are encouraging departing employees to leave their retirement savings in their employer plans. But employees should make any decisions based on their own needs and concerns, not the former employer's. Read about the pros and cons of rolling over retirement plan assets to an IRA.

Tax Law Keeps S Corporations Attractive

S corporations are more common than C corporations and partnerships, perhaps because they are not subject to the corporate tax. Instead, profits and losses flow directly to shareholders, who are currently taxed at lower individual income tax rates. Read why reorganizing as an S corporation may be a smart move.

Rising Popularity of Roth IRA as Retirement Vehicle

Investment in the Roth IRA has been growing dramatically. Fueling the growth of this popular investment vehicle are tax-free distributions in retirement and no mandatory withdrawals due to age. Compare the trade-offs of Roth IRAs with traditional IRAs, including eligibility limitations, annual contribution limits, and withdrawal considerations.

Doing Your Heirs a Favor

Although a will and a trust specify disposition of assets, many other details of an individual’s final wishes might be explained in a letter of instructions. This article offers some topics to consider addressing in the letter to help loved ones make decisions and take care of final arrangements.

More Newsletters →