Financial

Annuities and Retirement Planning

By Herb White, CFP, AIF, MBA, CLU, ChFC ~ You may have heard that IRAs and employer-sponsored plans (e.g., 401(k)s) are the best ways to invest for retirement. That’s true for many people, but what if you’ve maxed out your contributions to those accounts and want to save more? An annuity may be a good […]

More Baby Boomers turn to Reverse Mortgage

By Jim Doyle ~ According to a study recently released by Fannie Mae, more baby boomer retirees have mortgage debt than those retirees who were born between 1931 and 1935.

10 Terms Every Investor Should Know

By Herb White, CFP, MBA, AIF ~ If you’re new to investing, you may encounter some unfamiliar jargon. Understanding the following terms may help you become a more confident investor.

Market Volatility Causing Stress? Time to Practice Some Self Care

By Jillian Sarmo, Investor Education and Public Affairs Coordinator ~ If you’ve been paying any sort of attention to the news lately, you’ve likely suffered from the whiplash associated with the recent volatility in the markets. Every day the up and down roller coaster has news casters, pundits, and experts in a tizzy over what they […]

Your Opportunity has Grown!

By Jim Doyle ~ Beginning on January 1, 2019, the opportunity to pay off your existing mortgage putting that payment back in your budget, or to access your housing wealth with a government insured reverse mortgage grew! HUD increased the lending limit for Home Equity Conversion Mortgages (HECM) to $726,525. This means that if your […]

Tax Planning for Annuities

By Herb White, CFP, AIF, MBA ~ Favorable tax treatment is one of the main reasons for buying an annuity. But what exactly are the tax benefits? And are there any drawbacks? It’s important to know the answers to these questions before deciding whether to purchase an annuity.

Live Your Best Retirement

A friend of mine had paid off his home and had no mortgage. He felt he had done well, and he should feel proud of his accomplishment. It took faithfulness and sacrifice to achieve that mile marker. His home was his greatest asset, and yet the money that was in the home, his equity or […]

Looking for the Right Financial Help

By Gerald Rome, Colorado Securities Commissioner ~ Last October, we talked about self-directed IRAs. Individual retirement accounts are nothing more than a holding account that may contain different kinds of assets, like stocks, bonds, real estate, and mutual funds. With a self-directed IRA, the IRS allows you to make your own investment decisions, meaning you […]

Plan for the Future!

By Jim Doyle ~ According to the 2018 Retirement Health Care Costs Data Report, retirees can expect their health care costs to rise annually by about 4.22%. The means that a healthy 65-year-old couple who retires this year and lives into their late 80s can expect to pay $363,946 in retirement healthcare costs, not including […]

Eleven Ways to Help Yourself Stay Sane in a Crazy Market

By Herb White, CFP, AIF, MBA ~ Keeping your cool can be hard to do when the market goes on one of its periodic roller-coaster rides. It’s useful to have strategies in place that prepare you both financially and psychologically to handle market volatility. Here are 11 ways to help keep yourself from making hasty […]

More Baby Boomers turn to Reverse Mortgage

By Jim Doyle ~ According to a study recently released by Fannie Mae, more baby boomer retirees have mortgage debt than those retirees who were born between 1931 and 1935. “Paying off the mortgage, once a widespread rite of passage for homeowners approaching retirement has become less common in recent years,” wrote Patrick Simmons, director […]

Sold on Staying Put

Independence is of great importance to many seniors. Maintaining a lifestyle that allows for some flexibility in the Golden Years and not just making due is also important. Seniors want to age in place in the home that they love, but sometimes wonder how to do that as the cost of living increases, property taxes […]

Time to Put Excess Cash to Work?

By Edward Jones ~ You’ll always want to base your investment decisions on your own needs and goals. But there may be times when you might consider adjusting your portfolio because of risks and opportunities. Now may be one of those times.

Live Your Best Retirement

If you have paid off your home and have no mortgage, you have done well and should feel proud of your accomplishment. It took faithfulness and sacrifice to achieve that mile marker. Your home is likely your greatest asset, and yet the money that is in the home, your equity, is tied up with no […]

We Know about Reading, Writing, and Arithmetic, but Where’s the Financial Readiness?

By Gerald Rome, Colorado Securities Commissioner ~ It’s “Back to School” time, and no doubt your grandkids are busily (and perhaps with some measure of dread) preparing to return to the books for another year of learning. Even though the basics – reading, writing, and arithmetic — are important, something that our society overlooks to […]