I hate to say I told you so (okay, I actually LOVE saying I told you so), but as I postulated in an earlier blog, the Social Security file-and-suspend option is going away for new filers after May 2, 2016. The file-and-suspend option allows one spouse to file for his benefits at full retirement age…
Seventy two percent of grandparents polled in a 2014 Fidelity survey felt it was important to help pay for grandchildren’s’ educations. Wow! That is a very large number. For those who are in a position to chip in a little (or a lot) for college for their grandchildren, here are a couple of ideas. Open…
One question I help people answer in retirement planning is when to take Social Security. A couple of reminders on the rules: You can take Social Security as early as age 62, but your amount will be lower than if you waited until your full Social Security age. For most people considering the question today,…
It’s November and what a perfect time to thank my wonderful network of friends, clients, and colleagues for giving my name to their friends, clients, and colleagues! So, here is a list (in no particular order and probably incomplete) of people who have referred Sullivan Financial Planning in 2015: Erica Johnson, Ambler and Keenan David…
The Denver Post recently reprinted a list from Kiplinger Washington Editors called “9 financial get-on-with-being-an-adult tips for your 30s.” The list included: Advance your career Rethink your budget Write Your will Pay off non-mortgage debt Save at least 15% of your income for retirement Adjust your insurance coverage Increase your emergency fund Diversify and rebalance…
Late night talk show host, here I come! Here is a very short interview about high rents in Denver. My best comments are on the cutting room floor, but hey, any publicity is good, right? http://kdvr.com/2015/01/27/some-might-be-surprised-what-it-costs-to-live-in-denver-comfortably/ Contact me at 303-324-0014 or [email protected] to talk about the high rents in Denver. Stay Informed and Educated — Subscribe to…
Do you have any previous employers who you had a 401(k) plan with? I was quoted on CNBC on making sure in the transition to another job, you don’t miss out on that money you’ve been saving. http://www.cnbc.com/2015/10/04/did-you-land-a-new-job-dont-forget-about-that-401k-plan.html Contact me at 303-324-0014 or [email protected] to talk about how I can help you make sure to get every cent of your…
Recently I was asked to contribute some personal finance articles to Triage Cancer (http://triagecancer.org/). One of the topics was about credit scores and budgeting. Being the lazy person I am, I am going to use the blog twice – once for me and once for Triage Cancer! So, what is a FICO score? The Fair…
Here I am quoted in Investment News, sounding like a broken record, encouraging people to not freak out when the Fed eventually raises interest. rates. http://www.investmentnews.com/article/20150224/FREE/150229952/yellen-and-the-fed-not-swaying-advisers Contact me at 303-324-0014 or [email protected] to talk about how I can help you when the Fed raises interest rates. Stay Informed and Educated — Subscribe to the SFP Blog! Use the quick…
I have done a ton of retirement plan enrollment meetings in my career. One question that consistently comes up is “How much should I be putting into my work retirement account?” In order to not induce sticker shock, I lay out a three step plan. Step 1: 6% Minimum Contribution. When you are young and…
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