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Most residents of Colorado will escape the burden of estate and inheritance tax, but you need to be aware of income and capital gains tax considerations on inherited money.
In most situations, your portfolio should be divided into three buckets - cash, fixed income, and stock. Stock includes individual stock, stock mutual funds and stock ETFs.
Target date funds (TDFs) are based solely on your target retirement date. It is one size fits all without consideration for your risk tolerance, financial situation, or financial goals.
To prepare for a recession, focus on what you can control. Some dangers of a recession include a job loss or a decrease in pay. Increase your emergency fund to at least six months of expenses to cover an unexpected drop in income. Review your budget and decrease spending on discretionary items.
A significant drop in the market also provides the opportunity to gradually buy stock at a tremendous discount.
Using miles to purchase your airline ticket is a terrific way to save money on this expense.