Last month severe storms tore through Boulder County with torrential downpours along with golf ball sized hail. In Louisville and Lafayette, hailstones smashed through car windshields and shredded roofs, siding, and backyard furniture. Soon after the storms moved on, the inevitable door knocking of roofing contractors followed in their wake.
You’ve probably heard that we Americans are largely doing a poor job of saving for retirement. A 2016 report by the Economic Policy Institute puts it in stark terms. By 2013, the mean investment wealth for families in their late 50s was about $164,000, which would generate close to $8,000 a year in retirement. When you combine that with the average Social Security benefit of under $17,000 a year, most are woefully unprepared to stop working in their 60s.
Last month the President signed the Economic Growth, Regulatory Relief, and Consumer Protection Act. Tucked inside this legislation mostly aimed at loosening banking restrictions was an important win for consumers. The law states that people throughout the country soon can put a credit freeze on file with the three credit reporting bureaus for absolutely free. Just as important, you will also be able to thaw your credit freeze temporarily or permanently, also for free.
With final exams this month for CU and local high schools, thousands of Boulder County residents will be marching for their graduation ceremonies. Whatever the age of your graduate, you should introduce them to the power of the Roth IRA.
Most of us would love to have a high income. After all, extra money to spend on vacations, to afford housing in Boulder County, on activities for the kids, and to achieve financial independence doesn’t seem to be a bad thing. But high earners face more barriers to reaching their financial goals than the rest of us. Whether your income is in the upper echelon now or that is your aspiration. take care to avoid these pitfalls.
With the tax filing deadline tomorrow, most of us will be trying to put income taxes out of our mind for the next year. This would be a mistake, because with the passage of the Tax Cuts and Jobs Act (TCJA) in late December come new strategies in 2018 to reduce your tax bill.
Earlier this month the Federal Reserve announced new benchmark interest rate target of 1.75 percent. The quarter point increase was the first major Fed announcement under new chair Jerome Powell, who has signaled additional increases. These moves are being made…
Recent changes to federal tax laws may affect the way in which we invest in higher education.
Have you been with the same insurance, internet, or mobile phone provider for years? If so, it may be time to start comparing rates from other companies.