It may have turned into one of Simeon Woods Richardson’s better starts this year, but it sure didn’t start that way. Woods Richardson slogged through a 30-pitch first inning, giving up a pair of runs. He allowed another two runs in the second inning. But then he settled in, finishing his day off with four strong, scoreless innings.

By then, the Twins were already in a four-run hole. And with no run support to speak of, that spelled doom on Saturday in their 9-0 loss to the Milwaukee Brewers on a steamy day at Target Field.

A day after Brewers rookie starter Jacob Misiorowski flirted with a perfect game, the Twins managed only slightly more against veteran southpaw Jose Quintana, who gave up three scattered hits in his six innings.

Quintana did issue four walks, creating some opportunities for the Twins, but they finished the day 0 for 4 with runners in scoring position as they continued to sputter.

The Twins have now lost eight of their past nine games, five straight series and seven of their past eight series.

The Twins finished with just four hits, though none from infielder Brooks Lee, whose 19-game hitting streak was the longest active streak in Major League Baseball when it came to an end on Saturday.

Harrison Bader #12 of the Minnesota Twins slides safely into first after the Milwaukee Brewers caught a fly ball for an out in the second inning at Target Field on June 21, 2025 in Minneapolis, Minnesota. (Photo by Ellen Schmidt/Getty Images)
Milwaukee Brewers’ Sal Frelick (10) hits a single off of Minnesota Twins pitcher Simeon Woods Richardson during the first inning of a baseball game, Saturday, June 21, 2025, in Minneapolis. (AP Photo/Bailey Hillesheim)

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The Gophers football program flipped California prep quarterback Furian Inferrera from a commitment to Boston College on Saturday.

The 6-foot-3, 200-pound product in the 2027 class is from Mater Dei High School and Santa Ana, Calif. The to-be junior with a three-star rating pledged to Boston College in February, with Minnesota offering on May 1.

As a sophomore at the national powerhouse, Inferrera was a backup to Dash Beierly, who has joined the Washington Huskies. Inferrera completed 75% of his passes (12 of 16) for 133 yards and one touchdown across nine games.

Inferrera, who is pegged as the 36th-best QB in the 2027 class, had nine offers, including Nebraska, Pittsburgh, Memphis and Oregon State.

The Gophers plucked a previous QB recruit out of California, with Jackson Kollock coming to the U from Laguna Beach in the 2025 class.

Inferrera joins Wayzata defensive lineman Eli Diane as early entrants in Minnesota’s 2027 class.

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Bruce Helmer and Peg Webb

For many folks who are planning for their financial futures, the cardinal sins are well known: overspending and under saving.

But for high net worth investors who have already achieved financial security many times over, a different kind of mistake may be quietly taking root, and it may be costing more than money. The real risk? Not spending enough of your wealth while you can still enjoy it.

Traditional financial planning guidance focuses on accumulation: saving diligently, investing wisely and avoiding lifestyle inflation. This advice is irrefutably sound, but only up to a point. What happens when you’ve already “won the game”? You’ve saved more than enough to retire comfortably, your portfolio is healthy, and your children’s educations are funded.

Yet many still live as though scarcity lurks around the corner.

Recent research reveals a surprising trend. A recent Wall Street Journal article reported that married retirees with at least $100,000 in assets withdrew just 2.1% annually — barely half the commonly recommended 4% rule. Even among the wealthy, a deeply ingrained fear of running out of money often keeps people from tapping into savings, preferring to rely on guaranteed income sources such as a pension or Social Security.

This caution is understandable but often unnecessary. Many families are in a financial position where thoughtful spending poses no real threat to long-term security. Instead, underspending can result in missed opportunities during the healthiest and most active years of life. In some cases we see older parents whose wealth could help move their children and grandchildren to greater financial security but choose not to.

And it’s not just about spending more on travel and luxury. Many delay meaningful experiences — supporting family goals, philanthropy, or even health-enhancing investments — until it’s too late. Gerontologists and financial advisers alike know this to be true: by the time people feel “safe enough” to spend, their energy, health or time may be in short supply.

Why do so many people fall into this trap? Decades of saving can entrench a scarcity mindset. Cognitive biases like loss aversion cause people to avoid drawing down assets, even when logic suggests they can afford to. Mental accounting, where money is treated differently depending on its origin, also plays a role. Many retirees view their investment accounts as “untouchable,” preserving them for future generations or rainy days that never come.

So what’s the alternative? First, consider dynamic withdrawal strategies that adjust based on portfolio performance, rather than rigid rules. Second, explore converting part of your portfolio into guaranteed income strategies that can provide psychological permission to spend a bit more freely. Finally, work with a financial adviser who doesn’t just plan for asset growth, but helps coach you toward a life well-lived.

At the core, wealth is a tool, not just for security or legacy, but for joy, purpose and presence. If you’ve done the work to build a strong financial foundation, don’t let an outdated mindset hold you back.

Because sometimes, the biggest financial mistake isn’t spending too much — it’s not spending enough.

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The opinions voiced in this material are for general information only and are not intended to provide specific advice or recommendations for any individual.

Bruce Helmer and Peg Webb are financial advisers at Wealth Enhancement Group and co-hosts of “Your Money” on WCCO 830 AM on Sunday mornings. Email Bruce and Peg at yourmoney@wealthenhancement.com. Securities offered through LPL Financial, member FINRA/SIPC. Advisory services offered through Wealth Enhancement Advisory Services, LLC, a registered investment advisor. Wealth Enhancement Group and Wealth Enhancement Advisory Services are separate entities from LPL Financial.

 

At the newly remodeled Landmark Tower on St. Peter Street, fans of tony downtown living can kick up their feet in “The Anjelica,” a 575-square-foot studio that rents for about $1,400 monthly, or upgrade to “The Bruce,” a one-bedroom apartment spanning some 880 square feet, which goes for about $2,260.

Kaylah Kennedy, the property manager at the Landmark Tower Apartments, stands in one of the bedrooms in the model room in St Paul on Thursday, June 19, 2025. (Bennett Moger / Pioneer Press)

No, the 187 units in downtown St. Paul’s newest residential destination — a former office building converted into luxury housing — aren’t exactly cheap, but panache is the point. The 1980s theme is hard to miss in the names of about 40 different room layouts, ranging in sizes up to “The Diana,” a 2,100-square-foot, two-bedroom, three-bath penthouse. With gorgeous skyline views fit for a princess, it leases for $5,305.

The latest era for the 41-year-old Landmark Tower officially began last month with a grand opening of sorts. Following a $97 million conversion, it reopened its doors as a 187-unit luxury apartment building on the first 18 levels.

As of June 1, about 40 households had signed leases for apartments ranging in size from 613-square-foot one-bedrooms to 2,100-square-foot penthouses. The average size is 974 square feet, according to a spokesperson for developer Sherman Associates. Rents range from about $1,400 to $5,300 per month.

A view from the rooftop deck at Landmark Tower in downtown St. Paul on Thursday, June 19, 2025. (Bennett Moger / Pioneer Press)

National Register of Historic Places

Not every student of history would consider construction dating to the early 1980s as commemorable, but landing Landmark Tower on the National Register of Historic Places in 2022 was a key step toward ushering the former office building into its latest incarnation.

For the developer, saving the structure from the fate of some nearby beleaguered downtown properties — some of which have been foreclosed upon — required no small amount of public investment, including a $21 million city-driven tax incentive, among a wide variety of financing.

“These are not easy to get done,” said company principal George Sherman, during last month’s grand opening. With regard to office-to-residential conversions and the revival of historic properties, “not all of them are going to work out. The ones that can work out, we should lean into and make happen, because it’s critical for our downtowns.”

The lounge on the sixth floor of Landmark Tower in St. Paul on Thursday, June 19, 2025. (Bennett Moger / Pioneer Press)

Together with the reinvention of a nearby Ecolab tower into luxury residences dubbed The Stella, and commercial momentum in the Osborn 370 office building and the Hamm’s Building, some see the two blocks of St. Peter and Wabasha Street nearest Rice Park as bright spots.

“This is going to lead the way for more projects in this neighborhood,” said Chang Suh, chief executive officer of the AFL-CIO Housing Investment Trust, one of the building’s many financial backers, during the mid-May opening celebration. “It’s going to bring more homes, more retail, more shopping. It’s just going to bring more promise.”

From office to residential

Shortly after opening in 1984, the Amhoist Tower in downtown St. Paul — a 25-story office and condominium building — attracted a handful of judicial offices. And with them, they drew the first women to sit on the newly created Minnesota Court of Appeals: Judge Harriet Lansing, who had served as St. Paul’s first female city attorney in the 1970s, and Judge Susanne Sedgwick, who died of cancer in 1988.

The American Hoist and Derrick Co., a heavy equipment manufacturer, relocated its headquarters to Denver within a few years, and the structure at 345 St. Peter St. eventually came to be known as Landmark Tower.

The tower’s commercial and residential histories have often been somewhat at odds, with the building’s first 18 floors fully leased by offices by the late 1980s, even as the top seven floors struggled to find condo buyers.

By 2022, that story had flipped, when only some 10% of the commercial spaces were occupied.

In came Sherman Associates, a Minneapolis-based developer eager to see the building reinvented as a purely residential destination. That effort would require $97 million from a range of financing sources, including no shortage of public backing. State and federal historic tax credits, $21 million in city-driven tax incentives known as tax increment financing, or TIF, and support from a public pension fund — the AFL-CIO Housing Investment Trust — all proved to be instrumental.

The kitchen and living area of a unit at Landmark Tower in St. Paul on Thursday, June 19, 2025. (Bennett Moger / Pioneer Press)

Tax credit to aid conversion

Not every developer will be so lucky as to land so many backers, and not every downtown building may be spared from demolition.

A growing number of downtown officials have acknowledged that some vacant properties may eventually have to come down.

With those fears in mind, municipal leaders, housing advocates, labor unions, historic preservationists and others have called for lawmakers to approve a six-year tax credit that would help developers convert more underused buildings into residences or other uses. The “Credit for the Conversion of Underutilized Buildings,” or “CUB” credit, would defray 30% of qualified conversion costs, provided that 75% of the building’s interior and exterior are preserved. The bill has yet to be approved.

Landmark Tower “relied really heavily on TIF,” said Erin Hanafin Berg, director of the Rethos Policy Institute, which promotes best practices around historic preservation. “That’s borrowing from our own tax base. … If there’s ever a time for more proactive action, it’s now.”

The fitness studio and group fitness room on the sixth floor of the Landmark Tower Apartments in St Paul on Thursday, June 19th, 2025. (Bennett Moger / Pioneer Press)

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