Ask an Advisor: I lost $137,000 in the bond market. Should I liquidate or hold the course? Investments are in an IRA so I cannot write off the losses. – Anonymous The first question to ask yourself is – “Why did I decide that bonds belong in my portfolio?” Has that reason changed? If an […]
Ask an Advisor: Will contributing more to my 401(k) lower my tax bracket? For example, say I make $50k (tax bracket with 22% rate) and contribute $6k to my Traditional 401(k) ($44,725 is the max for the bracket with a 12% rate). Will I be placed in the lower bracket? – J.P. Contributing more to […]
Ask an Advisor: My husband passed away, and I am 63. I still work full-time and earn more than $21,300. For Social Security, do your earnings count minus your pretax health plan and your 401(k), or does it go by your actual earnings? – Maria Per the Social Security Administration (SSA), as a widow, you […]
Question: What are the safest ways to invest in digital assets like NFTs and cryptocurrencies to avoid scams? David: This is a great question. The safest way to invest in the digital asset ecosystem is to store all digital assets in cold storage on a personal wallet (e.g., Ledger, Trezor). The common adage, “not your […]
Ask an Advisor: I own a rental house in a popular Denver neighborhood. Am I better off financially by securing long-term renters, or should I list the property on Airbnb to generate income from short-term rentals? – Anonymous As the owner of a rental house, you’re not alone in wondering whether you should secure long-term […]
My former husband died last year. We were married for over 10 years but ultimately divorced. I work full-time and have my own social security account, and pension with my employer. Am I entitled to apply for any survivor’s benefits from Social Security now, or are benefits only realized once I retire? I am 61 […]
Ask an Advisor: Should I sell my home? I recently became a widow, and I’m not sure if I should sell my home and buy another home or rent. My home is filled with many memories, but it’s also a lot to take care of now. – Anonymous What an extremely challenging and emotional time. […]
Can I Retire Early? I will start by saying that I consider myself very fortunate to be where I am at today in life and I think I have prepared pretty well but would like your advice on possible earlier retirement. I had planned to retire at 62 in June of 2024, but I would […]
Ask an Advisor: My wife passed away at 55 with 38 quarters of Social Security earnings. Can I collect survivor’s benefits when I retire? – Randy I’m sorry for your loss. The good news is that you may be eligible to receive survivor’s benefits from your late wife’s Social Security record. In order to qualify […]