Financial

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 […]

Tax Planning for Annuities

By Herb White, CFP, AIF, CLU, MBA, Ch ~ 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.

Advantages of a Reverse Mortgage

A Reverse Mortgage is a government-insured (non-recourse) loan for people 62 and better that converts a portion of the equity in your home into a tax-free asset. You retain ownership of your home and you can will the property to your heirs who will not inherit any debt.

Retirement Planning: The Basics

By Herb White, CFP, MBA ~ You may have a very idealistic vision of retirement — doing all of the things that you never seem to have time to do now. But how do you pursue that vision? Social Security may be around when you retire, but the benefit that you get from Uncle Sam […]

Live Your Best Retirement

By Jim Doyle ~ 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 […]

First Bitcoin, Now It Is ICOs

By Gerald Rome, Colorado Securities Commissioner ~ By now most of us have heard about bitcoin. It is digital money, meaning it only exists on someone’s computer. You can’t hold it or put it in your wallet, but you can buy things with bitcoin, and, more importantly, trade it for dollars. We have heard about […]

Estimate your retirement income needs

By Herb White, CFP, AIF, MBA ~ You know how important it is to plan for your retirement, but where do you begin? One of your first steps should be to estimate how much income you’ll need to fund your retirement. That’s not as easy as it sounds, because retirement planning is not an exact science. […]

Spring has Sprung: Time to Clean up your Finances

By Stephen Stribling ~ Spring has sprung and along with clearing the dust in our homes, the season also provides a good time to get your financial house in order. One of the most important things to evaluate is our finances to determine whether we’re maintaining healthy money management habits.