Sullivan Financial Planning Blog | Retirement Planning Advice

Don’t Raise Spoiled Brats! Great WSJ Article for Parents

Personal FinanceBy Kristi Sullivan July 17, 2014

One thing that I run into with older clients is a worry that they help their adult children too much. If they are worried about this, chances are they are right! By giving adult children money for cell phone bills,…

Three Cheap Thrills for Summer in Colorado

Fun StuffBy Kristi Sullivan July 10, 2014

It’s summer time and the livin’ is easy…except when you are trying to entertain kids or guests without breaking the bank. Here are 3 fun ideas that don’t cost a lot and keep the smiles coming. Take in a non-concert at…

Roth IRA Advantage #3 – Minimum Required Distribution Planning

Retirement SavingsBy Kristi Sullivan July 3, 2014

It’s a bitter irony that after years of slugging money into your tax-deferred retirement accounts (401(k)s, 403(b)s, Traditional IRAs, SIMPLE IRAs, SEP IRAs, 457s) and being told by the IRS that you CAN’T get the money out until you…

Roth IRA Advantage #2 – Your kids will love it!

Retirement SavingsBy Kristi Sullivan June 24, 2014

For most of us, it’s hard to imagine not needing every penny of our retirement savings to support our own selves in our later years. However, for a lucky few, a portion of retirement savings will be passed on…

Top 3 Reasons to Use a Roth IRA – Part 1 Tax-Free Withdrawals

Retirement SavingsBy Kristi Sullivan June 20, 2014

That’s right, folks. Albert Einstein thought the tax code was too complex to understand. Where does that leave us mere mortal non-physicists? Hopefully, reading the Sullivan Financial Planning blog! When anyone is talking to you about investment ideas, the question…

How do IRAs Work?

Retirement SavingsBy Kristi Sullivan June 14, 2014

Welcome back! Last week the blog was about the basic differences between Traditional IRAs and Roth IRAs. This week, I’ll get into more detail about how each works. How much can I put in? Traditional IRAs: You may contribute…