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Offered by: Tim Roberts – Edward Jones

If your IRA is big enough to help you pay for retirement with enough left over to leave to your heirs, you’ll want to pay close attention to some recently enacted legislation – because it could have a big impact on your estate plans.

If your IRA is big enough to help you pay for retirement with enough left over to leave to your heirs, you’ll want to pay close attention to some recently enacted legislation – because it could have a big impact on your estate plans.

Here’s the background: As part of the 2019 SECURE Act, which includes provisions to help people build their retirement savings, the so-called “stretch IRA” has been limited for most non-spouse beneficiaries. Under the old rules, non-spouse beneficiaries could withdraw money from an inherited IRA gradually, over their lifetimes. By “stretching” out these payments, beneficiaries could spread out the tax burden, as withdrawals from a traditional IRA are taxable at an individual’s personal tax rate.

Now, most non-spouse beneficiaries have to withdraw everything from the IRA by the end of the tenth year after the account owner passes away – which could present a tax problem. At a minimum, this change should lead you to review your estate plans, assuming you won’t need all the money in your IRA to support your retirement lifestyle. But what else can you do in response to the loss of a stretch IRA?

One possible move is to convert your traditional IRA to a Roth IRA. As you may know, a traditional IRA can grow on a tax-deferred basis and your contributions may be tax deductible, depending on your income level. Roth IRA contributions are never deductible, but earnings withdrawals are tax-free, provided you’ve had your account at least five years and you don’t start taking withdrawals until you’re at least 59-1/2. What’s more, you can pass on the ability to make tax-free withdrawals to the beneficiaries you’ve named to receive your IRA.

However – and this is a pretty big “however” – if you were to convert a traditional IRA to a Roth IRA, you would trigger a tax bill that could be substantial. Essentially, you’d owe taxes on any money in the traditional IRA that would have been taxed when you withdrew it. So, you’d likely need a sizable amount of funds available, held outside your IRA, to pay this tax bill.

Is it worth it? You’ll have to do your own cost-benefit analysis while pondering a Roth IRA conversion. It may not make much sense for you to pay a big tax bill now if the money, when kept in a traditional IRA, could be withdrawn at a lower tax rate later. Consequently, you may not want to convert if the money is going to your young grandchildren or to other heirs in lower tax brackets. Conversely, a conversion may make sense if you plan to leave money to heirs in their peak earning years, who might be in a high tax bracket and could greatly benefit from the tax-free withdrawals provided by a Roth IRA.

These are just general guidelines, of course – to determine if a Roth IRA conversion makes sense for you, you’ll need to consult with your tax advisor. And if you’d like to consider other ways to respond to the new laws that limit stretch IRAs, you’ll also want to consult with your estate planning professional. This is a big change – so you’ll want to get the help you need to make the right moves.

This article was written by Edward Jones for use by your local Edward Jones Financial Advisor. Member SIPC.

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Offered by: Dawn M. Dycus, M.D. – Brighton Pediatrics, P.C.

During the winter and early spring, many infants and toddlers will develop an illness known as bronchiolitis. Bronchiolitis is a respiratory infection that develops in the smaller airways of the lung. This is different than bronchitis, which is an infection of the larger more central airways.

Bronchiolitis causes inflammation, swelling, and mucus production in the small airways. This can reduce or block airflow, resulting in wheezing (a whistling sound), widening of the nostrils, grunting, or tugging inward of the chest wall muscles with breathing. Children with bronchiolitis may breathe heavier than usual or make a snoring sound with breathing, as if they have mucus or phlegm in their chest. Bronchiolitis often starts with signs of a cold (runny nose or congestion, cough, fever) and then symptoms worsen over the next 4-5 days. Breathing difficulties typically develop between days 3-5 of illness. After day 5, symptoms will start to gradually improve, resolving completely after 10-14 days.

Bronchiolitis is caused by multiple different viruses, including RSV. Because this type of illness is caused by a virus, antibiotics will not work to resolve the illness any faster. Treatment is supportive, including rest, increased fluid intake, humidifier use, steam showers, nasal saline and suctioning the nose, and giving Tylenol (or ibuprofen in infants over 6 months old) as needed for fever or discomfort.

Children with bronchiolitis should be seen urgently if they develop wheezing, breathing difficulties, signs of dehydration, or fever of 104 F or higher. In some cases, admission to the hospital is needed for increased support through this illness. If you have concerns that your child has bronchiolitis, please contact your doctor’s office for advice.

For additional information, please see our website at: www.brightonpeds.com

Click here to view Brighton Pediatrics on The Brighton Buzz Business Directory

Brighton Pediatrics

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Offered by: Shelly George – Evolve Ortho-Bionomy®

In Ortho-Bionomy, we work with the body and it’s natural inherent healing ability, knowing that genuine healing comes from within.

As we mature, we tend to rely on others to find a solution to what we’re feeling within. It’s a response to the fast paced life style that is so often created in our world. Giving someone outside of ourselves permission to know more than we do is difficult. Coinciding with the belief that we need to make more, do more, be more, causing a disconnect to our minds and our bodies. Remember when you were young and able to bounce back more quickly from an injury? We had so much to do that we didn’t dwell on the injury. We were able to discharge the trauma because our perception of pain was much different. That’s the inherent ability that I am talking about.

With the busyness of today’s world, I feel that we have to be our own best advocate for health. We have decided as a general public that some ‘other’ expert knows more than we do about what’s happening inside us. In Ortho-Bionomy we work WITH you, not on you. We work toward self-regulation and self correction. To connect the inner knowing. Inner knowing will create a healthier response to injury, illness or trauma. To find balance, to be relieved of the pain that the body feels. Listening, and slowing down, feeling the body’s healing response.

Listening to engage the inner wisdom.

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Offered by: City of Brighton Communications Office

In early March the City of Brighton will be giving utility customers more options in terms of how they pay their water bill. Paymentus is the premier provider of innovative, reliable, and secure electronic bill presentment and payment services for more than 1,200 clients leading the Utility, Insurance, Consumer Finance, Health and Government industries. Paymentus will allow customers 24/7 access to their accounts and they will be able to see updates made to their accounts in real-time.

Paymentus will replace Xpress Bill Pay but comes with more expanded payment options than the city previously could offer its customers. The City of Brighton will be implementing this more secure, convenient and user-friendly online payment system for our utility customers this Spring. The new and improved interface provides myriad benefits to customers, enabling them to pay their bills faster, easier, and more conveniently and securely.

The new features include: an improved user experience; a “Pay Now” feature that allows for quick payment without having to register an account; and registered account enhancements including view and pay multiple accounts at once, view payment history and consumption information, and view past billing statements. The following enhancements are anticipated to arrive in Spring 2020 including the ability to securely save your payment information; the option of signing up for paperless billing with email reminders; and the opportunity to schedule automatic payments from your checking account or credit card.

Additionally, the city has implemented a new automated phone payment system with features such as quick account balance review and payment with a credit card, debit card, or eCheck and an easy-to-use call flow.

“We are excited about these changes and they reflect our continual commitment to providing a superior customer service experience,” said Rachelle Morrison, Utilities Customer Service Supervisor. “We recognize that customers want flexibility, accessibility, convenience and a user-friendly experience without sacrificing security. We believe these new features deliver them.”

This change will only impact customers who currently use Xpress Bill Pay or are enrolled in automatic payment withdrawals. Those customers will need to create a new account with Paymentus to continue these methods of payment. However, this change will not impact customers who pay in person, or mail in their payments.

If you have any questions about the upgrade to Paymentus, please call us at 303-655-2009.

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Offered by: Jan Hepp-Struck, Hepp Realty

It’s that time of the year when we look back on trends of the past year and look forward to “home buying season” as we head into spring and summer. So, what does the latest Housing Trends Report from the National Association of Home Builders (NAHB) predict?

If you guessed that Millennials (19%) are the most likely generation with plans to purchase a home this year, you would be correct. Of course, Gen Z (13%) is gaining ground, with Gen X (12%) hanging solidly in the mix. What is exciting about this is that the two youngest generations are primarily first-time buyers, making that first leap into homeownership!

What does that mean for the market? There is still a shortage of inventory, and according to the same study, a significant demand for existing homes—a projected 40% of potential buyers are specifically interested in purchasing an existing home, and only 19% are set on a new build, while the remaining 41% are open to both.

Additionally, mortgage rates are still very low, so it’s a great time to consider selling your existing home and look for a custom or semi-custom “build to suit” opportunity for that upgrade or downsize you’ve been thinking about.

If you haven’t checked out Park Place Homes recently, it’s located in the heart of Brighton and filling up with beautiful custom and semi-custom builds. There are eleven base floorplans to get you started, filled with great amenities to choose from. These base floorplans can be adapted to fit your specific needs. Give me a call—I would love to sit down with you and see how we can get you into your dream home.

For proven expertise in establishing your home value and/or searching for a new or existing home, please call Jan at (303) 520-4340.

Click here to view Hepp Realty on The Brighton Buzz Business Directory

Hepp Realty

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Offered by: Michael A. Dolan – Dolan & Associates, P.C.

In December Congress passed the SECURE Act. The Act significantly changed how retirement assets are treated after your death. A lot of articles and information have been circulated about the impact of this new legislation. Unfortunately, much of this information, and the recommended changes, is inaccurate and does not consider all of the available options.

One of the responses to this new law was to dismiss using a protective trust as a beneficiary for your retirement plan. Protective trusts provide advantages for your family, including protection from creditors, a future divorce, and financial damage from a catastrophic illness. Directing your retirement plan to a protective trust is an effective planning tool. If designed correctly, there will be no difference in the income tax outcome. When adjusting for a change in the law, don’t forget what you hoped to accomplish through your estate, and make adjustments to address the tax change with that in mind. While the new law did increase taxes, the changes to the law did not create a situation that requires you to abandon your goals and objectives.

Anyone who has retirement plan assets should meet with their knowledgeable estate planning attorney to update their estate plan and how they are addressing their retirement plans. If someone is telling you that you shouldn’t leave a retirement plan to a trust because of taxation issues, they are simply misinformed. There are simple techniques available, and some may actually increase the amount your family receives after taxes are paid.

If you are not sure how to get started with the process, I encourage you to get some education around the subject. If you would like to learn more about available estate planning options, visit: www.EstatePlansThatWork.com to sign up for a complimentary small group educational workshop.

Click here to view Dolan & Associates on The Brighton Buzz Business Directory

Dolan Associates

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On March 25, Gov. Polis announced a statewide stay-at-home order beginning on Thursday, March 26 at 6:00 a.m. through April 11, 2020. 

“Coloradans are living through a global pandemic and this decision was made to help save lives,” said Governor Jared Polis. “We will continue doing everything we can to get the resources Colorado needs to address COVID-19 and protect the health and safety of all Coloradans. In true Colorado spirit, we’re seeing our friends, family, and neighbors rise to the challenge, donating their time, money or extra supplies to support relief efforts at the state and local levels. We are in this together and this is the season to stay at home to save lives.” 

This executive order means Coloradans should not be leaving their homes except for critical activities including: 

  • Obtaining food and other household necessities including medicine
  • Going to and from work if you are a critical employee
  • Seeking medical care
  • Caring for dependents or pets
  • Caring for a vulnerable person in another location
  • Cannabis and liquor stores will remain open 
  • Or participating in outdoor recreation at a legally-mandated safe distance of six feet or more from other parties

Learn more about the stay-at-home order and read frequently asked questions here. 

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Offered by: Janine Lechleitner, CPNP. – Premier Pediatrics

I don’t know about you, but I am ready for spring and healthy kids again! Unfortunately however, according to the Children’s Hospital Colorado Bug Watch we are still seeing high volumes of influenza A, Influenza B, and RSV. In an effort to make it through the remaining sick season, here are a few reminders to help keep our children as healthy as possible!

Keep your child home from school and/or daycare if they are sick. Handwashing, handwashing, handwashing! You can never reinforce this too much with children! Remind children especially to wash hands after coughing or blowing their nose, before eating, and after using the bathroom. Cover those sneezes and coughs. They can use a tissue to cough or sneeze into when available. Keep the fingers out of the mouth and away from the eyes and nose. Reinforce no sharing of food or drinks, and to not touch the spout of the water fountain with their mouth.

At home, step up that disinfecting effort! Respiratory viruses can remain on surfaces for minutes to hours! Focus on disinfecting surfaces and things that your sick child uses the most, and don’t forget items like door knobs and refrigerator door handles. Increase the frequency of laundry, focusing especially on bedding and towels. If you have other healthy children at home, try to limit contact between them as much as possible. Limit not only physical contact, but also items such as toys or books which are often shared between siblings.

Click here to view Premier Pediatrics on The Brighton Buzz Business Directory

Premier Pediatrics

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Offered by: Lisa Asmussen – Integrity Insurance LLC

If you are continuing to work and will have employer health coverage beyond age 65, would you like to know the process to enroll in the Medicare Part A coverage you may have earned? Additionally, since Part B requires payment of a monthly premium you will NOT be automatically enrolled unless you are already or simultaneously beginning Social Security.

Plus, some individuals may be subject to higher premiums based on Income Related Monthly Adjustment Amounts(IRMAA) from income reported two years prior, it is advisable to understand how an income windfall, from, for example a sale of a property may affect your Medicare premiums significantly. Likewise, Medicaid can affect your Part B obligation for premiums and penalties. Since many people consider delaying receipt of Social Security beyond age 65, having a plan to pay the premiums makes sense as you begin Part B.

Just an hour or two invested to understand Medicare and the unique considerations that it poses under your circumstances can put you at ease. It can be worrisome and stressful to tackle the unknown, but knowledge is power in the realm of Medicare. Why muddle through on your own? Be proactive, reach out for a one on one opportunity to learn about Medicare choices! Claim a free copy of Medicare Made Clear, an easy to read guide to key considerations. Ideally if you will soon age into Medicare, this conversation should start about the time a person turns 64 ½, allowing plenty of time to act on your knowledge.

Approaching-65 | Integrity Insurance
Not connected with or endorsed by the United States government or the federal Medicare program. This is an advertisement. Calling the telephone number in this advertisement will connect you to a licensed producer/agent.

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Offered by: Magi McEntire, LPL Financial Advisor – Worth Wealth Management

Retirement is inevitable, but knowing exactly when to do so is often unclear. No matter when you actually begin your retirement, you’ll benefit from planning your post-work life as early as possible.

According to Gallup, the percentage of Americans who expect to retire at age 66 or older has risen dramatically, from 21% in 2002 to 41% in 2018. People expect to live and work longer than ever, so it’s never been more important to know when to stop working and how to carefully plan for the big event.

The Social Security full retirement age. For persons born in 1960 or later, the Social Security= full retirement age is 67. You will receive 70% of your monthly benefit if you retire at age 62, and 86.7% at age 65. However, you’ll get the maximum monthly benefit if you wait till age 70. These milestones might be an important consideration if your Social Security benefit will be a sizable portion of your retirement income.

Separate financial considerations from emotional ones. If you’ve successfully executed your long-term investment plan, you might be financially prepared to retire well before you are emotionally ready. Facing lifestyle changes at retirement might cause anxiety about how your life will evolve and how you’ll spend your time. It’s important to objectively evaluate your financial condition to support your decision-making, even as you contend with your feelings about retirement.

Many folks need more money than they think. It’s virtually certain that life will offer you one or more surprises along the way. You might find you will need more money than anticipated to fund a comfortable retirement. Creating a post-retirement budget can give you a general idea if your retirement savings alone can sustain you. As you near retirement age, it’s important to regularly review your savings plan to manage risk and help put yourself in a position to save the maximum amount possible.

Retirement impacts small-business owners. It’s not time to retire until you’ve worked out what to do with your business. If you plan to keep it in the family, retirement means executing a succession plan involving relatives or partners who have the knowledge and interest to keep your business going after you retire. Alternatively, you might want to sell the business, which requires extensive planning and preparation. Once sold, your planning should spell out how you’ll deploy your sale proceeds to support your retirement in the most efficient manner.

The common theme is planning. Whether you want to retire at 55, 85, or any time in between, planning is the key to a happy life in your golden years. As your financial advisor, it’s my job to help you periodically review your retirement options. Call me today for a meeting to evaluate whether the time has arrived to wrap up your work life and start enjoying your retirement years.

Magi McEntire may be reached at (303) 558-0214 or email: Magi.McEntire@LPL.comwww.WorthWealthManagement.com

T. Lloyd Worth may be reached at (303) 558-0214 or email: Lloyd.Worth@LPL.com WorthWealthManagement.com

Worth Financial Partners
Source/Disclaimer
This material was prepared for Worth Wealth Management and does not necessarily represent the views of the presenting party, nor their affiliates. This information has been derived from sources believed to be accurate. Please note – investing involves risk, and past performance is no guarantee of future results. The publisher is not engaged in rendering legal, accounting or other professional services. If assistance is needed, the reader is advised to engage the services of a competent professional. This information should not be construed as investment, tax or legal advice and may not be relied on for the purpose of avoiding any Federal tax penalty.