That’s right! You are two weeks into June and the kids are bored. What are some offbeat things to do that won’t break the bank? These are Colorado destinations, so if you are out of town, I apologize. You will have to come for a visit! Morrison Natural History Museum See rocks and fossils…
In this piece, Investopedia takes a look at how much you will pay in taxes on an IRA and the different scenarios that apply. Several financial planners chime in on tax-free withdrawals and ways to avoid penalties. Here was my advice: Ways to Avoid the Early-Withdrawal Tax Penalty There are some hardship exceptions…
Up until now…I did. Would you ever consider moving into a tiny house when you retire? Up until now, I thought that the tiny house movement was going to lead to an even higher divorce rate! Well, it turns out I’m not always right. Shocker! For those of you who read my rant…
In the article Common Risks That Can Ruin Your Retirement, Investopedia asks Kristi Sullivan about the “unforeseen needs of family members.” Kristi’s Advice “Bailing your adult kids out of their repeated financial mistakes can derail your retirement. For some people it’s like taking an unexpected cruise every year with all of the expense and…
In my chosen career of “killer of hopes and dreams,” I’ve had many conversations about the pitfalls of owning a second home. Here are some thoughts from a 2015 blog. Consider this before you buy a second home. People must be feeling good about the economy because second home ownership is on the rise…
For clients who have most of their net worth tied up in their homes, finding a way to use that equity to pay bills is a must. If you are feeling your retirement income is too tight and you meet the eligibility requirements, using your home equity through a home equity conversion mortgage may be…
High school graduation is here and many parents are worried about how to pay for college. Here’s a recycled, yet timely, blog about covering those college expenses. Wait! Before you write that check…. First, let’s talk about what a parent is NOT to do. Please do not stop saving for retirement, or worse, take…
What you really need to do with your tax refund. Money Magazine recently asked me the best way someone should spend their tax refund. I immediately told them that they should go out and buy a new TV. Oh, come on! You know me better than that. Here’s what I really said. Whether…
Time has gotten away from me and my blog content is due to Catherine, my amazing social media whiz (www.socialseedmarketing.com). So, I’m taking a page from Dear Abby and re-running some old blogs this month in hopes that you forgot them and they seem new to you again! Sound Advice. In the…
How much is enough? According to some financial planning experts, you will need to save enough [in your retirement account] so that your retirement income is in the range of 70% to 80% of your pre-retirement income. You will need a higher percentage if you plan to improve your standard of living. If you…
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