Target in Eagan to expand grocery selection 8A Dayton details tax-plan solution to budget deficit 10A Malt-O-Meal brings tasters to Lakeville facility 44A
ERIN JOHNSON T.W. BUDIG JESSICA HARPER
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DATE 15, ##, 2010 2009 JULY
VOLUME 30, NUMBER # VOLUME 31, NUMBER 20
Dakota County Tribune Since 1884
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Financial advice with a Scottish flair Lakeville financial consultant promotes common-sense planning on AM radio show by Jessica Harper DAKOTA COUNTY TRIBUNE
401ks and lattes
In addition to hosting the Peter McClellan Show, Every weekday evening McClellan operates 401k Latte, a financial planthe airwaves of AM1570 ning firm in Lakeville. are filled with the playful McClellan founded 401k Latte six years banter of financial advisor ago with the idea of creating a financial planPeter McClellan and his ning firm with a coffee- shop ambiance. simple-minded co-host “My goal is to create a relaxed atmoAngus. sphere ‌ where someone can have a cup of In one episode, Mccoffee and go over their 401k plan,â€? he Clellan attempts to dissaid. cuss the bear market with To play off of this, Mchis guests as Angus interClellan offers clients a cup of rupts in a thick Scottish coffee before meeting with accent to ask what it all them in his office, which means. features hardwood floors, a The Peter McClellan fireplace and plush leather Show has been on the air couches. from 4 to 5 p.m. for a little 401k Latte specializes more than a year. in retirement and inMcClellan, a certified heritance planning, financial consultant in 401k-rollover guidLakeville, said he started Photo submitted ance and video legathe show as a way to eduPeter McClellan started the Peter McClellan Show on cies, a process that is cate the public about finances. AM1570 last year. McClellan said he added a Scottish char- designed to capture a During its first few months, acter named Angus to explain complicated topics in a simple person’s life story in a it sounded too dry, though, he yet interesting way. video. said. When planThat’s where Angus came in. ning for retirement, “Angus is this fun character that helps me promote comMcClellan said the most important advice he gives clients mon sense,â€? McClellan said. is to stay out of debt. The character was inspired by McClellan’s Scottish rela“We are living in a culture that is swimming in it,â€? tives and some famous characters played by Mike Myers, the he said. “If you have all loans and no traction, you comedian and actor, he said. don’t get anywhere.â€? McClellan said he likes to use the character to explain McClellan said he witnessed as a child the diffinances in simplified terms, and in an interesting way. ficulty lack of planning and poor money manage“I try to turn it into a fun conversation rather than a ment create. This was one of the things that lecture,â€? he said. “What I hope listeners take away is that inspired him to pursue a career in financial changes can be modest at first but that even little change can planning, he said. have a huge impact.â€? “I was intrigued by it because it’s an Angus often appears during the last half of the show, Mc- area that is so important, but formal edClellan said, so as to not irritate his guests. ucation did little to help me personIn addition to his conversations with Angus, each show ally,â€? he said. features an interview with a local economist or small-busiDespite taking accounting and ness owner. economics classes, there was nothing McClellan said the mission of the show is to promote See McCellan, Page 10A small businesses in addition to providing financial advice.
The Burnsville Performing Arts Center’s creative energy will help spur growth in other areas of the economy. JON ELBAUM 4A FORUM
DANE SMITH
Let’s seek longterm goals and measurable outcomes from Minnesota’s gubernatorial candidates. 5A
BUSINESS 101
IRAs are another way to invest in real estate. How one uses them can make a big difference in one’s investment. THOMAS FAFINSKI 6A BEST PRACTICES
As more young people enter the workforce in increasing numbers, business leaders must be generationally savvy JEFF APPELQUIST 6A
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