Financial Education for Colorado Educators (and those they love). Absolutely Free.
Property taxes have been a hot topic in Colorado this summer as new valuations came out and they were very high. For example, our house increased in value by 49% since the last valuation two years ago! Like many folks, we appealed, as our house is valued at about 35% higher than we could actually … Continue reading Colorado Property Taxes Are Outrageous! (Outrageously Low)
Update 6-25-24: I originally posted this in August of 2023. At that time, the Cash Management Account (CMA) at Fidelity only allowed you to put your "core position" in an FDIC-insured bank account that was paying around 2.7%. Since Fidelity's brokerage account's core position was a Money Market paying around 4.9%, that was my recommendation. … Continue reading Fidelity: One Account to Rule Them All (including checking and savings)?
When I talk with people about financial topics, either in my class or in person, they often say something along the lines of, “But it’s so complicated!” I agree that some topics can get pretty complicated, and certainly there are many things you can learn to help you optimize your finances. But I also gently … Continue reading Financial Literacy In One Sentence
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
Every year when the Colorado legislature meets in the spring, there are typically several bills related to Colorado PERA that are proposed and sometimes passed. Sometimes those bills are very minor and sometimes very major. When they are major, they typically get a ton of attention, but when they are minor (or at least perceived … Continue reading PERA-Related Bills Before the Colorado Legislature: Your Action Needed
Yep, another clickbaity headline, but hear me out. A couple of months ago I wrote my last clickbaity headline, How to Make $2,000 in 30 Minutes (For Real), which described how you could make $2,000 in an (arbitrarily chosen) six years by getting the American Express Blue Cash Preferred Credit Card (that's a referral link … Continue reading Turn 30 Minutes into $15,000 (No smoke and mirrors, just math)
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