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.
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.
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…
Using frequent flier miles can be challenging
If you’ve been patiently squirreling away a down payment or had your eye on some local move-up properties, you may wonder if it’s time to make a move. Keep these tips in mind as you ponder your next Boulder County home.
You have been a good saver and savvy investor for most of your life. Living beneath your means for years, you have contributed the maximum to your retirement plan at work. Not satisfied with putting away $22,000 a year, you…
Higher education commands reverence in Boulder County. National publications report that we are one of the most educated metropolitan areas in the country. Educated parents naturally beget educated children and accordingly most area residents see higher education as a necessity.…