Financial Planning For Northern Colorado Families
“Do I buy term insurance and save the difference or do I buy whole life insurance?” That seems to be the million dollar question these days. This is a great question which I feel is of great importance. Let’s take a 40 year old male non-smoker in good health and compare the two scenarios over [...]
Taxes can have the greatest ability to erode away our money. Let’s look at how this eroding factor eats away your assets.
Welcome back to part two of “Where does my money go?” We’ll discuss three more of the money eroding factors in this piece. With that, sit back, relax, and learn how we all lose money right before our eyes. Eroding Factor #2: Inflation How many of us remember our parents or grandparents telling us stories [...]
Welcome back. Let’s take a look a a couple more of the money eroding factors. Eroding Factor #5: Financial Expenses Financial institutions don’t charge you money to keep your money with them, right? WRONG! We pay fees, advisors make commissions off of your money, and there always seems to be some kind of charge for [...]
Today we’ll discuss a couple more money eroding factors. I think these might hit home for a lot of us. Enjoy! Eroding Factor #7: Decline in Interest Rates When an individual deposits money into a bank they are essentially giving the bank a loan. In turn the bank pays that person interest for lending them [...]
This post will wrap up the piece on where all of our money goes. Hopefully this has been informative and helps all of us to be more aware of how our money erodes away. Most of us may be familiar with one of these factors, but the other may surprise you. Enjoy! Eroding Factor #9: Loans and Interest In an [...]
Avoiding penalties with a 401(k) rollover requires getting advice from a qualified tax advisor, thoroughly researching the new location for 401(k) money and collecting the IRS paperwork necessary from that new institution. Move over 401(k) money seamlessly, checking its status at least quarterly, withtips from an investment professional in this free video on personal finance. [...]
IRA Rollovers: Direct Rollover or Indirect Rollover In simple terms, a rollover is a method of moving money from one type of retirement plan to another. This can be done without paying taxes or penalties. There are two ways to complete a rollover: indirectly and directly. A direct IRA rollover allows you to move [...]
401(k) Plan Facts You Need to Be Aware Of As people head into their later years, their retirement planning often includes a 401(k) plan that is offered by their employer. The whole concept of the plan appears to be simple, but you should be aware that the 401(k) plan facts do differ from the [...]