Ted Erhart, CFP®
Retirement planning for individuals 55+
Wealthtender Community Connect helps people discover the best financial advisors for their individual needs through their favorite blogs and podcasts.
Click Here to Learn More
Great job!
- Add your tagline
- Add your headshot
- 📍Add Your Business Address
- Add your social media
- Sign up for our 💬 Community
- Add your details
Norris Lake Retirement Planning
Ted Erhart, CFP®
Anoka, MN
Serving Clients Nationwide
Retirement planning for individuals 55+
Areas of Focus
- Financial Life Planning
- Investment Management
- Retirement Planning
- Taxes
About Me
Hi, I'm Ted Erhart. My wife Kelly and I live on a 35-acre horse farm in Nowthen, MN with our two daughters. Kelly and I both come from farming heritage so we’re not afraid to get our hands dirty outside of our day jobs. The horse passion is Kelly’s. I like to joke that I’m just the farmhand. But I genuinely enjoy working around our property – including tractor work, maintaining equipment and cutting firewood.We also cut about 10 acres of hay in the summer for Kelly’s horses. I love to read about a wide range of topics, particularly history, investing, business, world affairs and psychology. As someone who grew up in the Minnesota outdoors, one thing I’m passionate about is conservation. In addition to Warren Buffett, my personal heroes are George Washington and Benjamin Franklin.
MY STORY
I got interested in personal finance and investing immediately after high school. My dad gave me the book “Learn to Earn” by legendary investor Peter Lynch. This book turned out to be pivotal for two key reasons. First, it engrained the idea in my mind that by using research, knowledge and discipline, you can make better decisions about money to get ahead in life. Second, the book introduced me to arguably the greatest investor in history, Warren Buffett.
Buffett’s investment approach deeply resonated with me. For an extended period, I couldn’t absorb enough information about him or his company, Berkshire Hathaway. I became a shareholder and attended the annual meeting for ten straight years beginning my senior year of college.
Beyond being a great investor, what captivated me about Buffett was that he behaved highly ethically. As a young adult, seeing such a successful person consistently not only talking about principles, but living them, had a profound influence on me.
As my college days were coming to a close, I wrote an old-fashioned letter to Buffett asking where I should go to work if I wanted to get into the investing industry but stay in the Minneapolis/St. Paul area. He actually wrote me back! Although he had, “No ideas re the Twin Cities,” he wished me luck:
Ultimately when it was time to choose a profession, the influences of Peter Lynch and Warren Buffett were key. The idea of using research and discipline to make good decisions about money really appealed to me. So too did working with people in a fair and honest manner. If I could marry those two and make a decent living, it seemed like a win for all. As they say, the rest is history as I launched my career in the financial advice business just as the 2008 global financial crisis was about to unfold.
➕ TED ERHART BIO
Ted Erhart is a CERTIFIED FINANCIAL PLANNER™. After obtaining a bachelor’s degree in finance from Saint Cloud State University, he began his career in the fall of 2007 with a national financial services firm. After gaining a few years of experience, in 2010 he transitioned to a local independent financial advisory firm where he played a key role as chief investment officer. In February 2023, he launched Norris Lake Retirement Planning.
Professional Designations
- CERTIFIED FINANCIAL PLANNER™ Professional
Affiliations
- The AGC
Primary Location
316 E Main St, Anoka, MN 55303
Video
Meeting Options
- Video Conference
- In-Person
- Phone
Compensation Methods
- Fee Only
- Percentage of Assets Managed
What to expect in the first meeting
Click the 'Book Intro Call' button above and complete the brief form to schedule your free retirement assessment call. We'll get to know each other and I'll listen to understand your unique circumstances so we can determine the best way to proceed. I look forward to speaking with you.Offers Investment Management
Yes
About our Firm
We provide tax efficient retirement planning and investment management. We help people position their investments to generate income they won’t outlive, avoid common retirement tax traps, and choose the optimal timing for Social Security and pensions.WHY US
At Norris Lake Retirement Planning we specialize in tax efficient retirement planning for people 55+. While most of the industry tries to be all things to all people…we don’t. We’ve chosen to focus on a narrow group of people who can benefit from our expertise most.
✔️ We Are Independent
Our firm is not affiliated with any banks or insurance companies. We are in the business of providing advice, NOT selling financial products.
people reviewing data on paper and screen
✔️ We Are Credentialed
Our founder, Ted Erhart, holds a bachelor’s degree in finance and the industry gold standard CFP® - CERTIFIED FINANCIAL PLANNER™ designation.
person using calculator
✔️ We Are a Fee-Only Fiduciary
Plain and simple, we do not charge commissions and as a fiduciary, we have a duty to put our client’s interests first.
Education
St. Cloud State University - Herberger Business School BS, Finance
Badges
Hobbies and Interests
- Family
- Reading
SEC Lookup
View DisclosureWho We Serve
- Baby Boomers
- Corporate Executives
- Dual Income Family
- Intergenerational Families
- Living in Retirement
To make Wealthtender free for readers, we earn a nominal monthly fee from financial advisors and firms in exchange for marketing services (including being featured on this profile page), subject to terms of use. This compensation creates a natural conflict of interest when we favor their promotion over others. Wealthtender is not a client of these advisors or firms. Testimonials may not be representative of other clients’ experiences and do not guarantee future performance or success.
We Want Your Voice to be Heard
Wealthtender exists to help people discover trusted and authentic financial professionals and educators who may be a good fit based on their unique needs and circumstances.
Your honest reviews help people decide which financial professionals and educators may be best suited to their individual needs.
The majority of people trust reviews as much as personal recommendations, so what you write in your review should reflect your own opinion and experience.
Tips for Writing a Helpful Review
Be descriptive. Instead of just saying what you like or dislike, share why. What have you enjoyed most or least about your experience with the provider? Have they helped you overcome a difficult financial challenge or strengthened your knowledge about particular money matters? The more details, the better!
Be honest. Your rating and review should reflect your actual experience.
Stay relevant. Ensure your review is helpful to others by avoiding off-topic discussions or personal opinions not relevant to your direct experience.
Make your review easy to read. Reviews should be readable to others. Use proper grammar, avoid excessive capitalization or punctuation, and be sure to check your spelling.
Be yourself. Don’t post as, or pretend to be, someone else, and do not say you’re associated with a person or organization with which you are not.
Be nice. Don’t write abusive, hateful, threatening, or harassing content. Avoid personal threats, hate speech, obscenities, or inflammatory language.
Respect the privacy of others. Don’t post information that can be used to identify another individual or compromise their privacy.
Report abuse. Thank you for helping us ensure reviews on Wealthtender are helpful to everyone. If you suspect possible violations of our guidelines or believe a review is inappropriate, please email support@wealthtender.com with a link to the provider’s profile, indicating the review in question and the reason you believe it violates our guidelines.
➡️ Are you reviewing a financial advisor? Learn more about Certified Advisor Reviews.
Disclaimers
Wealthtender reserves the right to remove reviews that violate its guidelines and/or regulations issued by the Federal Trade Commission, Securities and Exchange Commission, FINRA, and other regulatory agencies. Further, financial advisors are subject to individual firm policies and rules prescribed by federal and state regulators that may result in reviews being removed, not published, or potentially modified upon the documented request submitted by an advisor, compliance officer, or other firm professional to maintain compliance with federal and state regulations.
If you submit a review on Wealthtender, the Federal Trade Commission has issued guidance to ensure you always maintain the right and ability to request reviews be removed from any online review website, including Wealthtender. To request the removal of a review you submitted on Wealthtender, please send an email to support@wealthtender.com using the same email address you utilized when submitting the review. Please include in your email a link to the profile on Wealthtender where your review is published.
In addition to your review being published on Wealthtender, you acknowledge your review may also be published by your financial advisor on their website, social media accounts, and/or profile pages on other directory websites.
The reviews posted on Wealthtender are individual and subjective opinions. The opinions expressed in reviews are those of the reviewer and not of Wealthtender, Inc. Wealthtender does not endorse any of the opinions expressed by reviewers.
Please refer to the Wealthtender terms of service and privacy policy for additional information.
If you have questions or if we can assist with anything at all, please contact us by email at support@wealthtender.com or call us at (512) 540 – 3811.
Thank you for visiting Wealthtender and giving us the opportunity to serve you.
© 2024 Wealthtender, Inc.
Get to Know Certified Financial Planners & Find a CFP
Looking for a Fee-Only Financial Advisor?
Looking for a Financial Advisor Specializing in Serving Baby Boomers?
Should You Hire a Retirement Financial Advisor?
Looking for a Financial Advisor Who Can Help You Retire Early?
Find Your Purpose in Life After Retirement and the Financial Advisors for Retirees who Can Help
Looking for a Financial Advisor in Minneapolis, Minnesota?
