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Yahoo
27-05-2025
- Business
- Yahoo
No, AOC is not worth millions of dollars
People are making false claims about AOC's net worth. One viral post said she's worth $29 million. The congresswoman disclosed she owned less than $50,000 in assets in 2023. She also reports that she has student-loan debt. People are making false claims about Democratic Rep. Alexandria Ocasio-Cortez's net worth again. A viral post from Ted Nugent, the outspoken conservative musician, says that the New York congresswoman is worth $29 million. It's not the first time this has happened — Ocasio-Cortez is a frequent subject of misinformation about politicians' net worths. According to the latest publicly available information, the congresswoman reported that she owns less than $50,000 in assets and has between $15,000 and $50,000 in student loan debt. Like other rank-and-file members of the House and Senate, her annual salary is $174,000. "I am not even worth $1 million. Or a half million," Ocasio-Cortez wrote in February, responding to a since-deleted post claiming she made tens of millions of dollars. "I am one of the lowest net worth members of Congress, trade no individual stock, and take no outside income." Forbes estimated Ocasio-Cortez's net worth last year at about $125,000 with most of her wealth in a Thrift Savings Plan — a 401(k)-style investment vehicle for government employees that doesn't have to be listed in financial disclosures. The Forbes estimate was based on the assumption she's been putting 5% away and getting matching funds — putting her account at just over $100,000 this year. Disclosures filed by House members and senators are available online. They are required to file these documents annually and include information about lawmakers' assets, outside income, debts, and other agreements. For example, here's the "Assets" portion of Ocasio-Cortez's latest financial disclosure, which was filed in August 2024 and covers all of 2023. It shows four accounts, totaling a maximum of $46,000. The congresswoman reports that she does not own individual stocks and has no outside sources of income. Sometimes, the disclosures contain interesting nuggets of information. For example, her most recent disclosure shows that trips she took to South America and East Asia in 2023 were paid for by a foundation and a think tank, respectively. In 2022, she disclosed receiving an engagement ring from her fiancé worth slightly more than $3,000. While there's a widespread notion that members of Congress are enriching themselves through corruption the reality is generally more mundane. Most often, it's things like book deals that allow lawmakers to make extra cash on the side. Read the original article on Business Insider
Yahoo
22-05-2025
- Business
- Yahoo
Where Americans have the most retirement savings
Retirement savings can serve as a key indicator of financial stability, reflecting not only a household's ability to set aside money but also shaping retirement timelines and broader workforce and economic dynamics. Across the United States, the average retirement savings per household is estimated to be $114,435—but this figure varies significantly by state, ranging from less than half to double that amount. These disparities can significantly impact when and how comfortably Americans retire. Even after adjusting for local household income differences—often tied to the cost of living—households in some states have less than a year's income saved on average, while others have more than twice the local median income set aside for retirement. With this in mind, SmartAsset ranked U.S. states based on the latest retirement savings data from the Census Bureau, adjusted to 2025 dollars based on S&P 500 growth. Median household income is also compared to retirement savings, providing a clearer picture of retirement preparedness across the country. Retirement savings in Kansas average 2.78 times the state's median income, the highest in the country. The estimated average retirement savings almost triples the median household income of $70,333. The median balance across household retirement accounts is approximately $195,302, with 66.5% of households having retirement accounts. Median retirement savings in Hawaii and Massachusetts top $200,000. Hawaii has the highest retirement savings balance nationwide at $228,870, followed by Massachusetts at $218,189. Even compared to their respective median household incomes—$95,322 and $99,858—these savings levels position Hawaii and Massachusetts as the second- and third-ranked states for retirement savings rates nationwide. Less than half of households have retirement savings in six southern states. Mississippi has the fewest households saving for retirement with just 40.8% of households participating. Following closely are West Virginia (42.2%), Alabama (43%), Arkansas (46.7%), Louisiana (47.6%) and Georgia (48.7%). For most of these states, the median household retirement savings also comes in at under $70,000. Missouri has the slowest rate of retirement savings. Compared to the median household income of $68,545, Missouri residents have less than one year of money stashed away for retirement with an average nest egg of $61,032. Meanwhile, Arkansas households have the smallest absolute nest egg at $57,828. States are ranked based on the estimated retirement savings per household. Hawaii Retirement savings: $228,870 Median net worth: $721,093 Households with retirement savings: 69.7% Households with IRA or Keogh Accounts: 56.9% Households with 401(k) or Thrift Savings Plan: 59.9% Median household income: $95,322 Retirement savings per dollar of median annual income: $2.40 Massachusetts Retirement savings: $218,189 Median net worth: $470,557 Households with retirement savings: 68.5% Households with IRA or Keogh Accounts: 43.2% Households with 401(k) or Thrift Savings Plan: 58.2% Median household income: $99,858 Retirement savings per dollar of median annual income: $2.18 New Jersey Retirement savings: $196,828 Median net worth: $408,457 Households with retirement savings: 69.1% Households with IRA or Keogh Accounts: 38.9% Households with 401(k) or Thrift Savings Plan: 57.4% Median household income: $99,781 Retirement savings per dollar of median annual income: $1.97 Kansas Retirement savings: $195,302 Median net worth: $278,001 Households with retirement savings: 66.5% Households with IRA or Keogh Accounts: 41.9% Households with 401(k) or Thrift Savings Plan: 52.6% Median household income: $70,333 Retirement savings per dollar of median annual income: $2.78 Washington Retirement savings: $167,838 Median net worth: $572,328 Households with retirement savings: 68.3% Households with IRA or Keogh Accounts: 38.9% Households with 401(k) or Thrift Savings Plan: 55.4% Median household income: $94,605 Retirement savings per dollar of median annual income: $1.77 Colorado Retirement savings: $167,075 Median net worth: $432,869 Households with retirement savings: 67.2% Households with IRA or Keogh Accounts: 37.1% Households with 401(k) or Thrift Savings Plan: 56.6% Median household income: $92,911 Retirement savings per dollar of median annual income: $1.80 Maryland Retirement savings: $155,632 Median net worth: $464,759 Households with retirement savings: 75% Households with IRA or Keogh Accounts: 38.7% Households with 401(k) or Thrift Savings Plan: 66.4% Median household income: $98,678 Retirement savings per dollar of median annual income: $1.58 Illinois Retirement savings: $154,106 Median net worth: $267,930 Households with retirement savings: 61.6% Households with IRA or Keogh Accounts: 36.3% Households with 401(k) or Thrift Savings Plan: 50% Median household income: $80,306 Retirement savings per dollar of median annual income: $1.92 Maine Retirement savings: $152,580 Median net worth: $468,573 Households with retirement savings: 68.1% Households with IRA or Keogh Accounts: 42.5% Households with 401(k) or Thrift Savings Plan: 56.5% Median household income: $73,733 Retirement savings per dollar of median annual income: $2.07 Minnesota Retirement savings: $146,477 Median net worth: $335,676 Households with retirement savings: 72.7% Households with IRA or Keogh Accounts: 44.4% Households with 401(k) or Thrift Savings Plan: 60% Median household income: $85,086 Retirement savings per dollar of median annual income: $1.72 States are ranked based on the size of median retirement savings compared to median household income. Kansas Retirement savings per dollar of median annual income: $2.78 Retirement savings: $195,302 Median household income: $70,333 Median net worth: $278,001 Households with retirement savings: 66.5% Households with IRA or Keogh Accounts: 41.9% Households with 401(k) or Thrift Savings Plan: 52.6% Hawaii Retirement savings per dollar of median annual income: $2.40 Retirement savings: $228,870 Median household income: $95,322 Median net worth: $721,093 Households with retirement savings: 69.7% Households with IRA or Keogh Accounts: 56.9% Households with 401(k) or Thrift Savings Plan: 59.9% Massachusetts Retirement savings per dollar of median annual income: $2.18 Retirement savings: $218,189 Median household income: $99,858 Median net worth: $470,557 Households with retirement savings: 68.5% Households with IRA or Keogh Accounts: 43.2% Households with 401(k) or Thrift Savings Plan: 58.2% Maine Retirement savings per dollar of median annual income: $2.07 Retirement savings: $152,580 Median household income: $73,733 Median net worth: $468,573 Households with retirement savings: 68.1% Households with IRA or Keogh Accounts: 42.5% Households with 401(k) or Thrift Savings Plan: 56.5% New Jersey Retirement savings per dollar of median annual income: $1.97 Retirement savings: $196,828 Median household income: $99,781 Median net worth: $408,457 Households with retirement savings: 69.1% Households with IRA or Keogh Accounts: 38.9% Households with 401(k) or Thrift Savings Plan: 57.4% Illinois Retirement savings per dollar of median annual income: $1.92 Retirement savings: $154,106 Median household income: $80,306 Median net worth: $267,930 Households with retirement savings: 61.6% Households with IRA or Keogh Accounts: 36.3% Households with 401(k) or Thrift Savings Plan: 50% Arizona Retirement savings per dollar of median annual income: $1.87 Retirement savings: $144,951 Median household income: $77,315 Median net worth: $310,348 Households with retirement savings: 58.9% Households with IRA or Keogh Accounts: 34.4% Households with 401(k) or Thrift Savings Plan: 47.5% Wisconsin Retirement savings per dollar of median annual income: $1.84 Retirement savings: $137,322 Median household income: $74,631 Median net worth: $253,283 Households with retirement savings: 67.6% Households with IRA or Keogh Accounts: 36.3% Households with 401(k) or Thrift Savings Plan: 56.2% Montana Retirement savings per dollar of median annual income: $1.82 Retirement savings: $129,083 Median household income: $70,804 Median net worth: $391,978 Households with retirement savings: 70.5% Households with IRA or Keogh Accounts: 51.1% Households with 401(k) or Thrift Savings Plan: 56.8% Ohio Retirement savings per dollar of median annual income: $1.80 Retirement savings: $122,095 Median household income: $67,769 Median net worth: $206,898 Households with retirement savings: 56.9% Households with IRA or Keogh Accounts: 31.2% Households with 401(k) or Thrift Savings Plan: 43.8% This study from SmartAsset examined retirement savings and net worth data released July 2024 by the U.S. Census Bureau reflecting the 2022 calendar year. Dollar figures were adjusted to 2025 dollars based on S&P 500 gains of 52.58% between January 2023 and February 2025 according to Of Dollars and Data's S&P 500 Calculator. Median household income comes from the U.S. Census Bureau for 2023. This story was produced by SmartAsset and reviewed and distributed by Stacker.
Miami Herald
20-05-2025
- Business
- Miami Herald
Where Americans have the most retirement savings
Retirement savings can serve as a key indicator of financial stability, reflecting not only a household's ability to set aside money but also shaping retirement timelines and broader workforce and economic dynamics. Across the United States, the average retirement savings per household is estimated to be $114,435-but this figure varies significantly by state, ranging from less than half to double that amount. These disparities can significantly impact when and how comfortably Americans retire. Even after adjusting for local household income differences-often tied to the cost of living-households in some states have less than a year's income saved on average, while others have more than twice the local median income set aside for retirement. With this in mind, SmartAsset ranked U.S. states based on the latest retirement savings data from the Census Bureau, adjusted to 2025 dollars based on S&P 500 growth. Median household income is also compared to retirement savings, providing a clearer picture of retirement preparedness across the country. Key Findings Retirement savings in Kansas average 2.78 times the state's median income, the highest in the country. The estimated average retirement savings almost triples the median household income of $70,333. The median balance across household retirement accounts is approximately $195,302, with 66.5% of households having retirement retirement savings in Hawaii and Massachusetts top $200,000. Hawaii has the highest retirement savings balance nationwide at $228,870, followed by Massachusetts at $218,189. Even compared to their respective median household incomes-$95,322 and $99,858-these savings levels position Hawaii and Massachusetts as the second- and third-ranked states for retirement savings rates than half of households have retirement savings in six southern states. Mississippi has the fewest households saving for retirement with just 40.8% of households participating. Following closely are West Virginia (42.2%), Alabama (43%), Arkansas (46.7%), Louisiana (47.6%) and Georgia (48.7%). For most of these states, the median household retirement savings also comes in at under $70, has the slowest rate of retirement savings. Compared to the median household income of $68,545, Missouri residents have less than one year of money stashed away for retirement with an average nest egg of $61,032. Meanwhile, Arkansas households have the smallest absolute nest egg at $57,828. States are ranked based on the estimated retirement savings per household. HawaiiRetirement savings: $228,870Median net worth: $721,093Households with retirement savings: 69.7%Households with IRA or Keogh Accounts: 56.9%Households with 401(k) or Thrift Savings Plan: 59.9%Median household income: $95,322Retirement savings per dollar of median annual income: $2.40MassachusettsRetirement savings: $218,189Median net worth: $470,557Households with retirement savings: 68.5%Households with IRA or Keogh Accounts: 43.2%Households with 401(k) or Thrift Savings Plan: 58.2%Median household income: $99,858Retirement savings per dollar of median annual income: $2.18New JerseyRetirement savings: $196,828Median net worth: $408,457Households with retirement savings: 69.1%Households with IRA or Keogh Accounts: 38.9%Households with 401(k) or Thrift Savings Plan: 57.4%Median household income: $99,781Retirement savings per dollar of median annual income: $1.97KansasRetirement savings: $195,302Median net worth: $278,001Households with retirement savings: 66.5%Households with IRA or Keogh Accounts: 41.9%Households with 401(k) or Thrift Savings Plan: 52.6%Median household income: $70,333Retirement savings per dollar of median annual income: $2.78WashingtonRetirement savings: $167,838Median net worth: $572,328Households with retirement savings: 68.3%Households with IRA or Keogh Accounts: 38.9%Households with 401(k) or Thrift Savings Plan: 55.4%Median household income: $94,605Retirement savings per dollar of median annual income: $1.77ColoradoRetirement savings: $167,075Median net worth: $432,869Households with retirement savings: 67.2%Households with IRA or Keogh Accounts: 37.1%Households with 401(k) or Thrift Savings Plan: 56.6%Median household income: $92,911Retirement savings per dollar of median annual income: $1.80MarylandRetirement savings: $155,632Median net worth: $464,759Households with retirement savings: 75%Households with IRA or Keogh Accounts: 38.7%Households with 401(k) or Thrift Savings Plan: 66.4%Median household income: $98,678Retirement savings per dollar of median annual income: $1.58IllinoisRetirement savings: $154,106Median net worth: $267,930Households with retirement savings: 61.6%Households with IRA or Keogh Accounts: 36.3%Households with 401(k) or Thrift Savings Plan: 50%Median household income: $80,306Retirement savings per dollar of median annual income: $1.92MaineRetirement savings: $152,580Median net worth: $468,573Households with retirement savings: 68.1%Households with IRA or Keogh Accounts: 42.5%Households with 401(k) or Thrift Savings Plan: 56.5%Median household income: $73,733Retirement savings per dollar of median annual income: $2.07MinnesotaRetirement savings: $146,477Median net worth: $335,676Households with retirement savings: 72.7%Households with IRA or Keogh Accounts: 44.4%Households with 401(k) or Thrift Savings Plan: 60%Median household income: $85,086Retirement savings per dollar of median annual income: $1.72 Top 10 States Saving for Retirement at the Fastest Rate States are ranked based on the size of median retirement savings compared to median household income. KansasRetirement savings per dollar of median annual income: $2.78Retirement savings: $195,302Median household income: $70,333Median net worth: $278,001Households with retirement savings: 66.5%Households with IRA or Keogh Accounts: 41.9%Households with 401(k) or Thrift Savings Plan: 52.6%HawaiiRetirement savings per dollar of median annual income: $2.40Retirement savings: $228,870Median household income: $95,322Median net worth: $721,093Households with retirement savings: 69.7%Households with IRA or Keogh Accounts: 56.9%Households with 401(k) or Thrift Savings Plan: 59.9%MassachusettsRetirement savings per dollar of median annual income: $2.18Retirement savings: $218,189Median household income: $99,858Median net worth: $470,557Households with retirement savings: 68.5%Households with IRA or Keogh Accounts: 43.2%Households with 401(k) or Thrift Savings Plan: 58.2%MaineRetirement savings per dollar of median annual income: $2.07Retirement savings: $152,580Median household income: $73,733Median net worth: $468,573Households with retirement savings: 68.1%Households with IRA or Keogh Accounts: 42.5%Households with 401(k) or Thrift Savings Plan: 56.5%New JerseyRetirement savings per dollar of median annual income: $1.97Retirement savings: $196,828Median household income: $99,781Median net worth: $408,457Households with retirement savings: 69.1%Households with IRA or Keogh Accounts: 38.9%Households with 401(k) or Thrift Savings Plan: 57.4%IllinoisRetirement savings per dollar of median annual income: $1.92Retirement savings: $154,106Median household income: $80,306Median net worth: $267,930Households with retirement savings: 61.6%Households with IRA or Keogh Accounts: 36.3%Households with 401(k) or Thrift Savings Plan: 50%ArizonaRetirement savings per dollar of median annual income: $1.87Retirement savings: $144,951Median household income: $77,315Median net worth: $310,348Households with retirement savings: 58.9%Households with IRA or Keogh Accounts: 34.4%Households with 401(k) or Thrift Savings Plan: 47.5%WisconsinRetirement savings per dollar of median annual income: $1.84Retirement savings: $137,322Median household income: $74,631Median net worth: $253,283Households with retirement savings: 67.6%Households with IRA or Keogh Accounts: 36.3%Households with 401(k) or Thrift Savings Plan: 56.2%MontanaRetirement savings per dollar of median annual income: $1.82Retirement savings: $129,083Median household income: $70,804Median net worth: $391,978Households with retirement savings: 70.5%Households with IRA or Keogh Accounts: 51.1%Households with 401(k) or Thrift Savings Plan: 56.8%OhioRetirement savings per dollar of median annual income: $1.80Retirement savings: $122,095Median household income: $67,769Median net worth: $206,898Households with retirement savings: 56.9%Households with IRA or Keogh Accounts: 31.2%Households with 401(k) or Thrift Savings Plan: 43.8% Data and Methodology This study from SmartAsset examined retirement savings and net worth data released July 2024 by the U.S. Census Bureau reflecting the 2022 calendar year. Dollar figures were adjusted to 2025 dollars based on S&P 500 gains of 52.58% between January 2023 and February 2025 according to Of Dollars and Data's S&P 500 Calculator. Median household income comes from the U.S. Census Bureau for 2023. This story was produced by SmartAsset and reviewed and distributed by Stacker. © Stacker Media, LLC.
Forbes
16-05-2025
- Business
- Forbes
How Proposed Federal Benefits Changes Could Impact You
Man holds Federal Employees Retirement System FERS. Federal government workers have faced a lot of pressure, including mass layoffs, buyout offers that haven't yet been approved or funded by Congress, and uncertainty about agency downsizes or even eliminations. Proposed changes to the Federal Employees' Retirement System (FERS) have added to the worry and anger among federal workers. People entering government service know they are trading lower salaries than in the private sector for stronger benefits. FERS is an important example that is difficult to duplicate. There are three parts to FERS, according to the U.S. Office of Personnel Management. One is Social Security, a system that virtually anyone working pays into and eventually receives payments from during retirement. The second part is the Basic Benefit Plan, a defined benefit plan, an increasingly rare promise in U.S. employment that provides salary-like payments in retirement. Both this and Social Security can move with someone who changes jobs, even outside of government work, and maintains the necessary payments. The third part is the Thrift Savings Plan, something like a 401(k). At least 1% of someone's salary comes out and goes into an account where it accumulates. The government matches the contribution and, according to the plan, after 35 years of compound interest, each dollar turns into $10. Those who can and do participate are allowed to contribute up to 5% of their income. The government matches the first 3% dollar-for-dollar and then 50 cents on the dollar. The proposed changes to FERS would have a significant impact on saving for retirement. Both the Congressional Research Service and Congressional Budget Office have summaries of the changes to FERS that are part of the current House of Representatives proposed budget. They include the following: The last two points are important because they significantly change the amount federal employees must contribute to FERS. The changes in contribution amounts are complicated and depend on how long someone has been a federal employee. Under the still-current law, those hired before 2018 contribute 0.8% of their annual pay. Employees either first hired in 2013 or rehired with less than five years of service contributed 3.1% of their annual pay. Those hired in 2014 or later contribute 4.4% of their annual pay. For employees who qualify for enhanced retirement benefits and are subject to mandatory retirement — federal law enforcement officers and firefighters, Customs and Border Protection officers, members of the U.S. Capitol Police and the Supreme Court Police, air traffic controllers, and nuclear materials couriers — there is no change. They will continue to pay 1.3%. Those hired before 2013 pay 1.3%; if hired in 2013, they pay 3.6%; and if hired in 2014 or later, they pay 4.9%. Members of Congress and congressional staff currently contribute 1.3%. That would increase to 3.1% in 2026 and 4.9% in 2027. Regular federal employees would have to contribute 4.4% of their annual salary, no matter when they were hired, phased in between 2026 and 2027. Those hired before 2013 would contribute 2.6% in 2026 and 4.4% in 2027. Employees in 2014 or later continue to pay the 4.4% they have been contributing. The one other employee category is the newly hired, who will have to decide between being at-will employees or not. Normally, federal employees have job security based on merit and cannot be fired for other than legally specified reasons, which makes these government jobs far safer than in the private sector. New employees who want the traditional non-at-will status will have to contribute an additional 5% of their salary to FERS. It seems to be a way to encourage or pressure future federal workers out of the protected status they have enjoyed. These changes will affect the retirement planning for virtually all federal employees. Even those who look to enter retirement in the immediate future could feel the effects, depending on the passage of a final bill and the timing of when the changes would go into effect. Although the benefits don't necessarily change in theory, they do depend on the calculated average pay. The inclusion of those two extra years could lower a person's average annual pay, depending on their pay history, meaning a drop in retirement benefits. The additional costs of premiums also mean employees have less money available for other uses, including putting into TSP for more matching funds. Employees have a number of paths to explore, including cutting expenses, working longer than they might have planned to if possible, or making additional money on the side, either through a second job or starting a business that won't interfere with their main job. The longer the time before retirement, the more opportunity you have to make the necessary adjustments. Speaking with a financial advisor to plan what you need to do would be wise. Other than the greater scrutiny into family additions to the Federal Employees Health Benefits program, it doesn't seem that existing retirees will face any changes in their situations.
Time Business News
01-05-2025
- Business
- Time Business News
How a Fiduciary Asset Manager in Colorado Springs Can Help Strengthen Your Retirement Strategy
Authored by Lang Investment Services When planning for retirement in Colorado Springs, working with a fee-based financial advisor can make a significant difference in your financial future. Unlike some financial advisors, a financial advisor in Colorado Springs is legally obligated to put your interests first when managing your assets, providing an additional layer of security and trust as you navigate your retirement journey. The term 'fiduciary' carries substantial weight in the financial world. A fiduciary asset manager in Colorado Springs must legally and ethically place their clients' best interests above their own. This distinction is crucial because it eliminates the potential conflict of interest that can arise when a non-fiduciary advisor recommends commission-based products or services that generate commissions for themselves. For Colorado Springs residents preparing for retirement, this fiduciary commitment ensures that every recommendation, investment strategy, and financial decision is made with your financial well-being as the primary consideration. Colorado Springs' strong military presence, with Fort Carson, Peterson, and Schriever Space Force Bases, the Air Force Academy, and NORAD, creates unique retirement planning needs for active duty personnel, veterans, and defense contractors. A fee-based financial advisor in Colorado Springs may develop specialized expertise in military retirement benefits, including: Blending military pensions with civilian retirement accounts Maximizing TSP (Thrift Savings Plan) contributions and investments Navigating the complexities of the Blended Retirement System Planning for VA benefits and healthcare considerations Understanding how military service impacts Social Security benefits This specialized knowledge allows financial advisors in Colorado Springs to create comprehensive strategies that aim to leverage military benefits while building additional retirement assets. The Pikes Peak region's economy has diversified significantly beyond its military foundations. With growing technology, healthcare, and tourism sectors, Colorado Springs offers investment opportunities that a local financial advisor is positioned to identify. These advisors understand how local economic trends affect retirement planning, from real estate considerations in different neighborhoods to potential investment opportunities in growing local industries. This on-the-ground insight can help Colorado Springs residents build retirement portfolios that look to benefit from regional economic strengths while maintaining appropriate diversification. Colorado's tax environment presents distinct advantages and challenges for retirees. A financial advisor in Colorado Springs can implement tax-efficient strategies, such as: Optimizing withdrawals from different retirement accounts based on Colorado's tax treatment Strategic Roth conversions considering state and federal tax implications Utilizing Colorado's pension/annuity subtraction for retirees Planning around property tax considerations specific to El Paso County Charitable giving strategies that benefit local Colorado Springs organizations while creating tax advantages These tax-focused approaches help ensure that more of your retirement savings remain working for you rather than being lost to unnecessary taxation. Beyond investment management, a fee-based financial advisor in Colorado Springs helps clients plan for the retirement lifestyle they envision. Whether you dream of mountain adventures, traveling globally, supporting local causes, or enjoying Colorado Springs' vibrant cultural scene, your advisor develops financial strategies aligned with your personal goals. This personalization extends to creating sustainable withdrawal strategies that balance your desired lifestyle with the need to preserve assets throughout retirement, accounting for Colorado Springs' cost of living and specific expenses relevant to your plans. When selecting a financial advisor in Colorado Springs, look for credentials such as CERTIFIED FINANCIAL PLANNER® designation, fee-based product and service offerings, and experience working with clients whose situations mirror your own. Many financial advisors offer complimentary initial consultations, providing an opportunity to discuss your retirement goals and assess their expertise before making a commitment. By partnering with a fee-based financial advisor in Colorado Springs, you gain not only professional investment guidance but also the confidence that comes from knowing your retirement planning is being guided by someone who puts your financial interests first. Lang Investment Services is located at 236 North Washington Street, Monument, CO 80132 and can be reached at (719) 481-0887. Securities and advisory services offered through Commonwealth Financial Network ® , Member FINRA / SIPC , a Registered Investment Adviser. TIME BUSINESS NEWS
