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Financial Planning

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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Changes to Child Tax Credits in 2021

Effective July 15, the IRS will start issuing child tax credits on a monthly basis to eligible families as part of the American Rescue Plan.  This enhanced Child Tax Credit expands the benefit from a $2,000 credit up to $3,600 per child. Who is eligible? Qualifications for this increased credit is based on your income…

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Elyse Foster in Barron’s: A Loophole Makes “529” Plans Good Wealth Transfer Tools. Here’s How to Use Them.

Elyse Foster, CFP® of Harbor Wealth Management in Boulder, CO recently spoke with journalist Neal Templin about “529” education-savings plans and how they allow people to save and invest tax-free for college or schooling costs.  Accountants, estate lawyers, and financial planners say they also are flexible estate-planning tools that can have utility beyond education spending…

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Elyse Foster in MDLinx: Here’s how doctors can catch up on retirement savings

Elyse Foster, CFP® of Harbor Wealth Management in Boulder, CO recently spoke with journalist Naveed Saleh, MD, MS about physicians and their retirement savings. Many are not able to begin saving for retirement until well into their 40s.  At this point, it becomes a game of catch-up.  So, what’s a doctor to do? The article…

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