INSPIRED RETIREMENT PLANNING
Meet the Member
Q: Inspired Retirement Planning has been a member of the Rochester Area Chamber of Commerce since 1993. What do you find valuable in your membership to the organization? A: We have appreciated the Chamber being an advocate for the small business owner in our area. We have always felt the special attention that our group receives at the State Capitol is valuable and impactful. In addition, the many opportunities to network and foster relationships with our fellow Chamber members has always been meaningful and fun. Q: What is a unique fact people should know about Inspired Retirement Planning? A: Often a question is asked, "Who do you work for?" As an Independent Financial Advisor, holding the Certified Financial Planner designation (CFP ® ) and thus acting as a Fiduciary, Dana will reply "I work for my clients, not a particular company." One of our driving missions is that we help our clients regardless of financial circumstances. We feel it is our privilege to be able to serve others in the field that we are in, period. A: With millions of retirees every year, our organization and industry are staying extremely busy. We will often challenge our clients in our retirement planning meetings with "what's your next step?" Retirement is a journey, not a destination, and it is our view that we want our clients to be engaged with their family and community before and after retirement, maybe even becoming involved with the Rochester Chamber of Commerce. Q: What is the outlook for your organization and industry?
Financial planning is about more than just managing money—it’s about securing your future and achieving peace of mind. Inspired Retirement Planning, a veteran- owned, independent firm, has been helping clients navigate their financial journeys for decades. With a focus on retirement considerations and a comprehensive approach to taxes, insurance, and overall financial health, their dedicated team brings over a century of combined experience to the table. We spoke with Dana Basballe, Certified Financial Planner of Inspired Retirement Planning to learn more. A : Inspired Retirement Planning is a veteran owned, independent full service financial planning and wealth management firm that focuses on helping clients from Southeast Minnesota as well as across the country. We do this by reviewing a client’s tax situation, insurance coverage and overall financial situation, placing a special focus on our clients and their retirement considerations. We can accomplish this with a 5-member team that has over one hundred years of combined experience in the financial service industry and two locations, one on West Circle Drive in Rochester and the other in Plainview. Q: Tell us about Inspired Retirement Planning. What does your organization offer to the Rochester region? Q: How did it start for Inspired Retirement Planning? A: Inspired Retirement Planning's roots go back to 1985, when Paul Basballe began his career with Waddell and Reed. Looking to move away from a restrictive investment and insurance environment and start his own firm, he decided to become an independent advisor with a firm which would become today's LPL. In 1991, he continued to be an investment advisor and he and a business partner began their supervision of other Financial Advisors with a firm called Advisors Group. Paul continued to be a Certified Financial Planner (CFP ® ) with Advisors Group until 2016 when he decided to sell his business to his eldest son, Dana and began to retire. In 2019, Dana decided that a rebranding was needed as we began to focus more on pre-retirees and retirees and their overall financial journey.
To learn more about Inspired Retirement Planning, visit www.inspiremyretirement.com.
FEBRUARY 2025 — ROCHESTER AREA CHAMBER OF COMMERCE ADVANTAGE MAGAZINE | 17
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