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Financial Planning

How to Manage Your Finances When Interest Rates Increase

The Fed’s strategy to tame inflation by increasing interest rates has had widespread effects on the economy so far.  The Fed began raising interest rates in March 2022, with the goal of slowing down an overheated economy by making it more expensive to buy goods and services, discouraging consumer spending and business expansion.  There are…

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Constructing a Home Inventory

Growing up with a mother who loved antique furniture meant that over the years of her life I ended up with several antique pieces of which I dutifully took pictures and then stashed the pictures in our safe deposit box years ago.  Recently, when forced to evacuate our home due to a wildfire, it became…

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Understanding the Backdoor Roth Strategy and the IRS Pro-Rata Rule

The strategy of a backdoor Roth IRA contribution seems to be coming up more and more in conversations in the media. There are a few key things to know about the process, who is eligible, the IRS pro-rata rule, and how the conversation in Washington DC could impact the strategy. First, for the basics of…

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Saving for the Unexpected

According to a July 2021 Bankrate study, 25% of Americans surveyed have no emergency fund. An emergency fund acts as a buffer that you can use without relying on credit cards or high-interest loans in the event of an unexpected expense or life event.  If there is anything that the last 2 years have taught…

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Evaluating Your Homeowners Coverage

Recent events here in Boulder have thrown into sharp relief the possibility that many of us are underinsured for repairing or rebuilding our homes should they be damaged or destroyed by fire, accidents, or weather.  Your various coverage amounts for your home should be reviewed annually when your policy renews and possibly even mid-year if…

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Key Questions when Interviewing a Financial Planner

Before you commit to a financial advisor, you want to make sure you’re hiring the best person and firm for you and your situation.  Emily Lucero, CFP shares some key questions to ask when looking to hire a financial planner. Still have questions?  Give us a call!

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Protecting Against Financial Elder Abuse

Part of our job as an advisor is advocating for our clients.  This includes being alert when it comes to the financial exploitation of our elderly and at-risk clients. It has become more important than ever for us, our clients, and their families to be vigilant against the growing problem of financial elder abuse.  One…

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Planning for Inflation

For years, the Fed took measured steps to successfully control inflation.  Then the pandemic struck, causing a global economic crisis.  As economies reopened, inflation spiked to levels not seen in 13 years.  This dramatic increase has been due to a surge in spending at a time of massive disruptions in the global supply chain and…

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Megan Miller, CFP®, CDFA® discusses “Financial Planning During Divorce: What You Need to Know”

Megan recently talked with Shana founder of The Mom Edit about the importance of financial planning during a divorce. Too many women are coming out of divorces with the short end of the financial stick, Megan is trying to change that. This article was originally published on The Mom Edit August 15, 2021 FINANCIAL PLANNING…

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Covered for Catastrophe?

What do traffic jams in the Suez Canal have to do with your homeowner’s insurance?  Surprisingly, it can affect the amount of dwelling coverage needed in the event your home needs to be rebuilt.  Dwelling is the insurance coverage you need in order to pay for repairing or rebuilding your house if it is damaged…

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