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A power of attorney works a little differently in Colorado than in some other states.
Estate Planning

How a Power of Attorney Works in Colorado

Power of attorney is a legal tool that allows individuals to appoint trusted agents to manage their affairs, make decisions, and sign documents on their behalf. In Colorado, there are several types of powers of attorney available, each designed to serve specific purposes and handle different situations, such as managing financial matters, healthcare decisions, or… read more…

Data Studies

Rent vs. Buy: A Comparison of Housing Costs in U.S. Cities – 2024 Study

Many factors can go into home and mortgage prices as well as rental costs in a city, sometimes driving the two on divergent paths. These may include interest rates, housing inventories, family makeups and demographics, zoning and other legal ordinances, among others. As a result, homeowners in some areas could have an advantage, while renters… read more…

Power of attorney can be used to sell a property before death.
Estate Planning

Can a Power of Attorney Sell Property Before Death?

A power of attorney (POA) is a legal tool that allows an agent to make decisions on behalf of the principal. POA is used in situations where the principal is unable to manage their affairs due to illness, incapacity, absence, or other similar scenarios. In the principal’s stead, the agent is given authority to manage… read more…

A power of attorney can be used to close a bank account.
Estate Planning

Can a Power of Attorney Close a Bank Account?

Power of attorney (POA) is a legal tool that allows an individual, the principal, to appoint someone they trust to manage their affairs when they are unable to do so themselves. The person appointed is known as the agent. It’s often used in instances where the principal is facing illness or injury, and wants the… read more…

Editor's Picks

CFA vs. CFP: Which Is Right for You?
Financial Advisor

CFA vs. CFP: Which Do You Need?

Chartered financial analyst (CFA) and certified financial planner (CFP) are common certifications for individuals working in finance, namely financial advisors. These are designed to tell a client (or employer) that the holder has received education in certain types of financial… read more…

Wealth Management Firm
Investing

5 Tips for Choosing a Wealth Management Firm

Wealth management firms are all different, with their own specializations and services. As a result, the process for choosing a wealth manager is a very personal one. Wealth managers work closely together with their clients to identify financial goals and… read more…

What Is a Fee-Only Financial Planner?
Financial Advisor

What Is a Fee-Only Financial Planner?

If a financial planner, financial advisor or another type of financial professional is fee-only, that means they receive compensation solely from the fees clients pay for their services. They do not earn commissions for recommending certain products. A fee-only structure… read more…

Investment Property
Mortgage

Why First Homes Could Be Investment Properties

If you’re young and looking to purchase a new home to live in, you may want to consider turning it into an investment property. While most people wait until after they’ve bought their first or second home to begin investing in… read more…

Data Articles and Studies

Data Studies

Rent vs. Buy: A Comparison of Housing Costs in U.S. Cities – 2024 Study

Many factors can go into home and mortgage prices as well as rental costs in a city, sometimes driving the two on divergent paths. These may include interest rates, housing inventories, family makeups and demographics, zoning and other legal ordinances, among others. As a result, homeowners in some areas could have an advantage, while renters… read more…

Data Studies

Where the Most New Construction Homes Are Being Added – 2024 Study

The Consumer Price Index clocks inflation between spring 2019 and spring 2024 at 22.9%. But Zillow home sale data demonstrates a particularly swift hike in home prices during this time, with the average home sale increasing by 49.4% in the same window. Housing costs are often the largest budget item for Americans and this could… read more…

Data Studies

Where Residents Are Experiencing the Most Financial Instability – 2024 Study

Inflation has hurt Americans financially in different ways, with the Census reporting that up to 45.8% of some households are having difficulty paying for essentials. In particular, inflation has put some Americans at higher risk for financial instability.  With this in mind, SmartAsset ranked U.S. states according to where residents are struggling most financially. Data… read more…

Data Studies

Social Security and Retirement Income Are Highest in These Cities – 2024 Study

Depending on employment and investment returns, the size of a retirement nest egg will look different for everyone. The number of work years, salary and retirement age will impact Social Security benefits. Meanwhile, both worker and employer contributions, investment allocations and timing will determine the value of retirement accounts like 401(k)s, IRAs and pension payouts.… read more…

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