Financial Education for Colorado Educators (and those they love). Absolutely Free.
First, I need to apologize, because not every Colorado teacher just got a big raise. But due to a confluence of circumstances, quite a few did. These circumstances include: The state legislature having surplus dollars and finally deciding to try to make up for the years of underfunding of K-12 education (known, I kid you … Continue reading Colorado Teachers Just Got a Big Raise: Now What?
As I mentioned in a previous post, one of the changes made by the recent Consolidated Appropriations Act is the ability - with some important restrictions - to transfer some money from a 529 plan to a Roth IRA. The intent of this law is good, I think. Some people have been hesitant to save … Continue reading 529 to Roth Conversions: Some Possibilities
Correction 1-21-23: The original version of this post contained a mistake. The credit rate (50%, 20%, 10%) only applies to the first $2,000 you contribute to a qualified plan. Amounts above $2,000 don't get the credit. In the original post, I assumed that as long as the credit rate times the amount contributed didn't exceed … Continue reading Saver’s Credit: An Overlooked Tax Credit for Many Beginning Teachers
I've written a bit before about investing, volatility and asset allocation (here, here, and here, as well as in my books). Individual circumstances matter a lot, including - but not limited to - your goals, your risk tolerance and your investment horizon. But, in general, I think that many people are not invested enough in … Continue reading Investing, Volatility and Asset Allocation
One of the major concerns of retirees - and of folks who are pondering their eventual retirement - is the cost of health care. It's a major concern for at least two reasons. First, of course, people realize that there can be significant health care costs as we age. But perhaps just as important is … Continue reading How Much Will You Spend on Health Care in Retirement?
I've written before about some ways we have tried to have our savings keep up with (or at least close to) inflation. One thing I didn't list was bond mutual funds, which often are considered a fairly safe place to put money that will typically earn better-than-a-savings-account yields. That's because at the time of that … Continue reading Taking Another Look at T-Bills
Fisch Financial 