Financial

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.

Hearing Wedding Bells? Be Sure Finances are Included in Your Planning

By Gerald Rome, Colorado Securities Commissioner ~ It’s that time of year again: wedding season. Whether you are taking the plunge later in life, perhaps for a second time, or advising a young couple about to make the ultimate commitment, much of the considerations are the same. There is perhaps no topic less uncomfortable but […]

Tax Planning for Annuities

By Herb White, CFP, 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. Of course, any information pertaining to taxes is […]

Home Equity Loans for Seniors – A Safe Option

By Jim Doyle ~ “I called to ask questions about accessing the equity in my home to help me cover my monthly expenses, but my son was not in favor of it. Of course, he doesn’t live with me, and he doesn’t pay my bills. He just thought it was a bad idea. I asked […]

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, […]

Thinking Global? Think ADRs

~ By Herb White, CFP, MBA ~ There’s a whole big world of investing opportunities out there, yet many investors have shied away from international markets, concerned about the costs, complexity and potential risks. You may be able to minimize risks and gain a convenient avenue to deal in foreign markets is with American Depositary […]

Market Bubble? Reminders for Investors

~ By Herb White, MBA, CFP ~ In the world of investments, people who understand the nature of bubbles and busts and heed the warning signs ultimately fare better than those who throw caution to the wind, preferring to trust what is ultimately just luck. One of the truisms about the markets is that every […]

Age in Place with a Reverse Mortgage

~ By Jim Doyle ~ “I’ve lived in my home for over 30 years. I didn’t want to leave it and go where I don’t know the neighbors. A reverse mortgage allowed me to have the security of staying in my home without a mortgage payment. That increased the money in my monthly budget. What […]