Book Recommendation: The Second Estate: How the Tax Code Made an American Aristocracy

I just finished reading The Second Estate: How the Tax Code Made an American Aristocracy by Ray Madoff, a legal scholar and professor at Boston College Law School (no relation to that other guy). I highly recommend it (and it's a fairly short and easy read). (This podcast episode will give you the highlights.) The … Continue reading Book Recommendation: The Second Estate: How the Tax Code Made an American Aristocracy →

Cash Isn’t Trash (But It Also Isn’t Investing)

One of the things I try to stress in my financial literacy class for educators is the difference between savings and investments. Savings is more for the short-term, to deal with the expected expenses that arise. Investments are longer term, for longer-term goals (perhaps purchasing a house, paying for a college education, or retiring). Early … Continue reading Cash Isn’t Trash (But It Also Isn’t Investing) →

New Proposal for Colorado Legislation: PERA 457b Auto-Enroll and Auto-Escalate

Last year I suggested PERA-related legislation that eventually turned into HB26-1026 and became law. I am now reaching out to my Colorado representative and the other two co-sponsors of that bill with a new PERA-related proposal. Here is the email I sent to those legislators. If you think this is a good idea, please consider … Continue reading New Proposal for Colorado Legislation: PERA 457b Auto-Enroll and Auto-Escalate →

Great News! Colorado HB26-1026: Expanding Plan Options for PERA is Signed Into Law

I've written previously about Colorado HB26-1026 and am happy to share that the legislature passed it and the Governor has now signed it. This bill has three provisions. New Option for Purchasing PERA Service Credit: PERA members have previously been able purchase up to 5 years of nonqualified service credit, but they had to have … Continue reading Great News! Colorado HB26-1026: Expanding Plan Options for PERA is Signed Into Law →