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Kingdom Life Retirement

The term “tax free” is one that people have learned to be at least a little skeptical of—after all, if it’s tax free, then the odds are good that the price has been adjusted to account for that. If you’ve heard of a tax-free retirement, you may have dismissed the idea with the same general logic.

But the truth is that tax-free retirements can be nearly achieved when you understand the ins and outs of the tax code. The problem is that few people have the motivation to comb through the bylaws and interpret which ones work in your favor. If you could use a little assistance on that front, the right financial advisor may be able to give you some solid advice.

What Is a Tax-Free Retirement in Colorado?

A tax-free retirement essentially cuts out the taxes on your income and portfolio during your golden years. So, instead of putting money into various government programs, you give more to the charitable causes that matter most to you. Or you work more trusts into your estate planning so your wealth can go towards the people or organizations you care about.

If you have questions about how this would work and how to best structure your accounts, Monique Jaramillo at Kingdom Life Advisors can help you put it into perspective. Rather than give you generic advice, she can tell you how to have a tax-free retirement based on your holdings and your long-term retirement goals. So, whether that’s paying for your grandchildren’s college education or jet-setting the globe, you don’t have to give up one dream for another.

From capital gains to standard deductions, taxes often take an array of twists and turns. If you’re unaware of how the changes—whether federal, state, or local—apply to you, your numbers may creep upward year after year. The right financial advisor can give you options that ultimately revamp how you file, so you’re not giving the government anything extra.

 We can offer expertise in:

• Term Life Insurance with Living Benefits
• Whole Life Insurance with Living Benefits
• Home Mortgage Protection
• Cash Value Policies
• Final Expense
• Living Benefits
• IULS
• Policy Review Services

Life Insurance and Your Portfolio: What You Should Know

The viability and, ultimately, bargain of each life insurance policy varies by carrier and contract. Some offer excellent coverage at reasonable prices. Others offer discounted pricing, largely because the company will fight every potential claim. Others charge an exorbitant amount of money for very little value.

A financial advisor helps people narrow down their selection by examining the problem from every angle. How much do you want to leave behind? Who do you want to leave it to? Would you like to use your life insurance as a possible safety net? No matter what your answers are, there’s a policy out there for you.

If you’re just starting to poke around, you might be tempted by a term life insurance policy. These affordable options have an expiration date, typically the milestone of your youngest descendant (e.g., their 18th birthday or day of their graduation). However, permanent life insurance, which never expires, often has a savings component that can be cashed in whenever you need it. This can be a real comfort to retirees if they’re hit with too many unexpected emergencies in a row.

At Kingdom Life Advisors in Colorado, Monique Jaramillo can give you information about more than just the main carriers and their standard terms. From time limits to benefit claims, she can take you through what you and your beneficiaries can expect both now and down the road. She can help you think through the scenarios, so you’re entirely confident by the time you make the final decision.

Assets Under Management

Whether you invest in real estate or bonds, asset categories can be unwieldy to track. If you don’t have a lot of time to structure and maintain your portfolio, you can ask a financial advisor to oversee your asset classes and ensure they fit together. As time rolls on, they can give you up-to-the-minute recommendations of what you can do to stay on top of your margins.

Assets Under Management Strategies: What You Need to Know

Assets under management refers to how you select and organize your holdings. Every investment decision you make, whether it’s straightforward or risky, affects your bottom line. If you’re not paying attention to the details, you can end up losing more than you anticipated.

At Kingdom Life Advisors, Monique Jaramillo helps her clients in Colorado get a handle on what they’re investing in and why. This way, if their portfolio starts to lose focus, they can come back to a central theme. For example, maybe you’re comfortable investing the majority of your money in the market with a much smaller stake in real estate trusts. If the balances start to tip or one of your asset classes takes a major dip, your financial advisor helps you stay attuned to the changes.

Assets under management services give you more than just tools to help you feel in control of your portfolio. The best financial advisors will take into account your risk tolerance and personal goals as you get closer to retirement age. So, if you’re planning to pay for your grandchildren’s college education, you can see how your portfolio stacks up against rising tuition costs.

When you first branch out into different assets, the thrill of diversifying may stick with you for a lifetime. However, the reality is that few wealthy people can keep up with their many asset classes — particularly if they’re hoping to optimize their gains. Should you need a little support, you can find skilled financial professionals who are ready to right the ship.

What Does College Planning Look Like in Colorado?

To a financial advisor, college planning is all about hammering down the details. Room, board, tuition: these may be the building blocks of college life, but they hardly address everything. For example, maybe your finances can comfortably cover two years at a local community college but not four years at a state school. Maybe you can cover a quarter of the expenses at a private university. These details give the students some options, so they can decide which school they want to attend and what they feel comfortable covering on their own.

If you’re asking how much savings do I need, visiting Kingdom Life Advisors can give you a better idea of what your financial investment will look like. This is also a great time to educate the student about how to plan ahead. For instance, if they’re expected to pay for half of their tuition, they might research and apply to scholarships before they have to resort to student loans. Or if they’re planning to go for their doctorate and you’re only prepared to pay for an undergraduate, your child can start school with a clear understanding of what’s expected of them as they make their way through each year of schooling.

Planning for college doesn’t have to be scary or overwhelming. In fact, it can be a memorable exercise in personal financial management for everyone involved. If you’re looking for some assistance, Monique Jaramillo at Kingdom Life can take you through it all step by step.

Retirement Income Planning

Retirement income management isn’t necessarily a household phrase, though you’re likely familiar with the general concept. In much the same way that you might diversify your portfolio, thus ensuring that you have more than just your salary to rely on, retirement income management is a way to maximize the amount of income you have coming in every month and review your strategy, so it keeps up with the financial forces of the day.

How Does Retirement Income Management Work in Practice?

If you’re asking how you can have multiple types of income without having a job, you’re starting with the right question. Retirement income looks a little different from your standard income. Instead of one main funding source, you might build your income with the help of Social Security, stock dividends, rental income, a part-time job, etc. No matter how you determine the percentages, you should have enough coming in to cover your standard expenses. (Ideally, you’ll have enough to cover both your monthly necessities and any unexpected emergencies. This way, you can leave your savings alone.)

If you’re asking how much do I need to retire, the answer is rarely as easy as a nice round number. Retirement income looks different for everyone depending on their retirement age, what they want to do when they retire, and who they want to take care of. For example, if you’ve always wanted to learn about wine, you might take a part-time job in a small neighborhood shop. If you own a vacation home, you might rent it out when you’re not staying there.

To get more concrete answers in Colorado, it can help to talk to an expert who will look at more than just your portfolio’s bottom line. At Kingdom Life Advisors, Monique Jaramillo is a financial advisor who can tell you how to plan your retirement income. She’ll ask questions about your short- and long-term goals, and she’ll help you find ways to help you achieve even the most pie-in-the-sky dreams.

Investment Management Tips in Colorado

When you make your first investment, whether you buy a share or a rare stamp, it’s usually one of your more memorable moments in life. You might track its ups and downs regularly, marveling over how quickly the net worth can change. But over time, as you accumulate one investment after another, you can start to lose sight of what’s happening to your wealth.

A financial advisor can help you fill in the gaps, and perhaps more importantly, give you an idea of what’s on the horizon. So if a federal law is about to change or an industry is about to take a sharp left turn, you’re not caught unawares. In some cases, you may want to consolidate your holdings rather than branch out in all directions.

As you prepare for retirement, the best investment advice will strike a good balance. Thrill-seekers may need to rein it in, especially when they don’t have countless years to make up the losses. But that’s not to say that you need to be ultra-conservative either. Even as you approach retirement, you can still take a few carefully calculated risks for healthy returns. At Kingdom Life Advisors, Monique Jaramillo can help you find the sweet spot where you can comfortably improve your portfolio. Plus, she can monitor your investments over the years, so you can spend your time on more important matters.