roth ira for college

Smart to Use Roth IRA for College

Should I use my Roth IRA for college? As a former financial planner, I would often get these questions from clients who read something somewhere. Much like patients asking doctors about drugs they heard about on TV, such questions rarely ended up being a good idea. When it comes to …

Read More

why roth ira best for younger people

Why Are Roth IRA Better for Young Adults

There are several different retirement account types, so why is Roth IRA better for young adults? What makes Roth IRA best for certain people? Can older people still benefit from Roth IRA? Why Are Roth IRA Good? A Roth IRA is one of several tax-advantaged retirement accounts. Like the traditional …

Read More

colorado secure savings program

Colorado Secure Savings Program

Colorado is set to join a handful of other states in creating an automatic retirement savings program for Colorado workers. The idea is that while many Coloradoans have access to a retirement plan like a 401k or 457 plan through their employer, a lot of Coloradoans don’t. Unfortunately, those who …

Read More

tax triangle save money in retirement

Retirement Tax Triangle for Better Retirement Planning

Financial advisors make their bread and butter from retirement planning. Unless you’re wealthy (or young), chances are that most of your money is in your retirement savings and home equity. That makes your retirement accounts the main interest of most financial advisors, so it’s in their best interest to make …

Read More

roth ira 2020 2021

Roth IRA Income Limits 2022 and 2023

The questions have started coming in regarding the 2022 and 2023 income limits for Roth IRA contributions. Planning ahead for taxes is always a good idea. However, sometimes, you can get out a little bit too far. The IRS publishes various numbers, tax brackets, and the like for the next …

Read More

myRA Roth IRA review

myRA IRA Review – Safe and Legit

No matter how helpful the government could potentially be to its citizens, it typically won’t/can’t get involved in finance because there are huge lobbying dollars behind financial services companies. For example, it would be relatively trivialĀ for the IRS to create a free, online, auto-filing system that would work for most …

Read More

Basic Retirement Plan Simple

Retirement planning is actually incredibly simple and straightforward for most people. However, it can quickly sound complex because of all the edge cases, exceptions, and possibilities that really only affect a small number of people. If you eliminate all of that noise, however, there really isn’t much to the average …

Read More

This Fall on Finance Gourmet

Fall is coming. OK, it’s not as dramatic as winter is coming, but let’s be honest. It’s season 4 of the TV show, and Book 6 in the series, and winter still hasn’t actually come. Fall will be here much sooner as the yellow leaves on the trees out front …

Read More