If your calendar has filled with worthy causes seeking your name and your wallet, consider channeling your time and money into a private family foundation. Private family foundations aren’t the sole domain of the Gates, Fords and Rockefellers. The estate planning industry’s rule of thumb says a foundation needs an annual minimum of about $25,000 [...]
Archive | June, 2010
Denver Financial Advisor:The Importance of Contingency Plans
The problem with things that have never happened before is that, well, they’ve never happened before. Even when we create contingency plans, situations or events can come along that upset not only the apple cart, but also the horse. On May 7, the stock markets experienced a significant one-day decline. Hindsight review pointed, at least [...]
Denver Financial Planner: Starting a Business Later in Life
The economy hasn’t been kind to older workers. Recent data from the AARP Public Policy Institute showed more than two million people age 55 and older were unemployed and looking for work in April. Although the overall unemployment rate for this group is slightly lower than the national average, older workers are often unemployed longer. [...]
Denver Financial Planner: Prepare for the 2nd-Half of 2010
If you look at one year as a single game of finances, we’ve reached half-time. Time for a pep talk from your financial coach, a check of your goals and possibly some game plan adjustments for the second half. Retirement: Have you kept your resolutions for paying yourself first by adding to your retirement accounts? [...]
Denver Financial Advisor: Warning the Elderly About Scams
by Jordan Dechtman
Alert Your Elderly Family Members About Scams and Swindles Like the financial markets, money scams run in cycles. Resurfacing last year was the grandparent scam, in which a caller poses as an elderly person’s grandchild in distress, usually involving an arrest or car accident while traveling in Canada. The “grandchild” asks the grandparent to [...]