In honor of the upcoming Holiday of Cupid, to be contrary, here is a blog on divorce. This week, I welcome long time friend and Certified Divorce Financial Analyst ® Bev Banfield to enlighten us a bit on the logistics of dividing assets during divorce. KS: Are there certain times of year where people…
Sometimes it’s easier to learn things when it’s fun. So, test your smarts or gain some new knowledge by spotting the lie about 529 College Savings Accounts from the four statements: 529 College Investment Accounts can only be used in the state where the account is located. 529 College Investment Accounts can be transferred…
With supply shortages in all areas of the economy, one of the biggest attention grabbers is the lack of car inventory. Today, I’m happy to interview Patsy Butterfield of H.M. Brown and Associates to get her perspective on buying a vehicle. Kristi: We are hearing horror stories about supply chain issues as it relates…
If one of your 2022 resolutions (more on those next week) is to focus on your physical health, your financially healthy choices may help. Health Savings Accounts (available to those participating in an H.S.A Qualified High Deductible health insurance plan) can be used today, in 5 months, or during retirement to pay for medical expenses.…
For some reason, people tend to wait until just before year-end to do their big charitable gifts. I’m no different, but I wish I were. I guess it goes along with tax planning and maybe not knowing your financial situation as well in July. Anyway, if you are about to do some gifting to…
Just in time for holiday shopping, I want to discuss a new term I’ve learned: Exceptional Accounting. Thanks to an interesting podcast by Dr. Katy Milkman titled Expect the Unexpected, I now have a name for when people tell me they only spend $5,000/month except in months where they have to buy their ski pass…
You might think that after 26 years in financial services I would know everything there is to know about personal finance. Just kidding, of course you don’t think that and neither do I. That’s why I try to attend the Colorado Financial Planning Association’s Symposium every year. Yes, a day of thrilling classes about…
The bad news: Financial advisors are not one-size fits all, so it takes a few calls to find the right one for you. You may not need the same financial advice for all the phases of your life. So, if you find that perfect advisor, be prepared that you may change in the future. …
A big topic of financial writing these days is The Mega Back Door Roth. Sounds like a King Kong type of movie and coincidentally has about as much use in most people’s financial knowledge as a giant ape movie in an Oscar race. As discussed in the previous blog, a back door Roth IRA…
This blog is a repeat of the topic of a Back Door IRA. The reason I bring it up again is that Mega-Back Door Roth IRAs have been in the news a lot lately. I’ll discuss those next week but thought we should all be on the same page of what the Not-Mega (aka Regular)…
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