Gerald Rome – Colorado Securities Commissioner

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 […]

The Dark Side of Self-Directed IRAs

By Gerald Rome, Colorado Securities Commissioner ~ It is quite common for employees who have a retirement plan through their employer, such as a 401(k) plan, to roll over their retirement assets to an individual retirement account (IRA) when they retire. The most common types of IRAs are Traditional IRAs and Roth IRAs. These kinds […]

The Dark Side of Self-Directed IRAs

By Gerald Rome, Colorado Securities Commissioner ~ It is quite common for employees who have a retirement plan through their employer, such as a 401(k) plan, to roll over their retirement assets to an individual retirement account (IRA) when they retire. The most common types of IRAs are Traditional IRAs and Roth IRAs. These kinds […]

Roosevelt’s Truth Telling Law

By Gerald Rome, Colorado Securities Commissioner ~ These days there is a lot of talk about regulation of the financial sector. Is the system rigged in favor of “Wall Street,” requiring a makeover of regulations to rein them back in. Or is there bureaucratic overreach, too much government regulation that stifles job creation. In light […]

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 […]

Who is Your Plan B?

By Gerald Rome, Colorado Securities Commissioner ~ The world is complicated, and as much as we sometimes don’t want to admit that we need help, from time to time, we all do. This can be especially true when it comes to our financial well-being, and is perhaps most important to recognize and accept as we […]

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 […]

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 […]

Do You Know Your National Identification Number?

~ By Gerald Rome, Colorado Securities Commissioner ~ We are always being warned that we need to protect ourselves against identity theft. Identity theft is a crime where a thief steals your personal information, such as your full name or Social Security number, to commit fraud. The identity thief can use your information to fraudulently […]

There’s No Such Thing as a Free Lunch

~ By Gerald Rome, Colorado Securities Commissioner ~ Have you received an invitation or seen an ad offering you a free lunch or dinner at a nice restaurant if you attend a seminar about financial, retirement, or estate planning?  If you are like me, you have.  I get them all the time.  And it always […]

This Valentine’s Day, Don’t Get Bewitched by a Romance Scam

~ By Gerald Rome, Colorado Securities Commissioner ~ We read about them all the time, see the commercials on TV, and hear the jokes: Match, eHarmony, the list of 21st Century dating websites and matching services are ever growing. While much of the advertising surrounding these sites is targeted toward young adults, the less-talked-about users […]

2017 Top Investor Threats

~ By Gerald Rome, Colorado Securities Commissioner ~ Every year securities regulators across the country take stock of the frauds and scams that are most prevalent among our cases. This helps us do our job more effectively, but it’s a good practice for investors to read up on the biggest threats in the market as […]

“Good as Gold” Not Always True for Investments

~ By Gerald Rome, Colorado Securities Commissioner ~ Precious metals are a long-standing investment option that are often appealing to consumers, and that can cause headaches for regulators. An investment in gold is not fool-proof. It takes a lot of time, research, and knowledge to make the most of these types of deals, and unfortunately […]

Betting on the Future with Bitcoin

~ By Gerald Rome, Colorado Securities Commissioner ~ You may have heard about bitcoins and be wondering what they are, or you may know what they are and wonder if they might make a good investment. Let me answer the second question first: Are they good investments? The simple answer is NO! Well, if you […]

Don’t Bet the House

~ By Gerald Rome, Colorado Securities Commissioner ~ With the “on fire” real estate market in Colorado, and with housing supplies low and demand high, it is easy to become caught up in the idea that real estate investments are sure bets to make you money. However, don’t just roll the dice when investing in […]