How Are Older Coloradans Doing Financially?

There are an estimated 1.3 million people over age 60 in Colorado, a number that is growing significantly with each passing year. As of 2024, approximately 10 to 12% of these seniors — or about 130,000 — face substantial financial challenges. Support programs, with a mix of government, community, and private sponsorship, come to the aid of a portion of these people…read more

“Gray Divorce” Can Hit Women Especially Hard

An analysis by business news channel CNBC has found that women who divorce in their later years — which is often referred to as “gray divorce” — are put at much more financial risk than men who go through a gray divorce.

Colorado Financial Planner Cautions Against Parents Co-Titling Assets with Adult Kids

ane Young, a Colorado business columnist and certified financial planner, said in a July 2023 column that when seniors begin to think about how they’ll manage their financial assets as they get up in age, they often consider adding an adult child’s name to their bank accounts, their other financial assets, and also possibly to the title on their home. She said this can seem reasonable, especially when the son or daughter is well trusted. But “this can have huge negative ramifications on your finances.” She offered several reasons why.

Coloradans Should Be Wary of “Early Retirement” Scams

Retirement can be an alluring stage of life, a time when, as a psychologist once put it, you can stop doing the things you have to do and start doing the things you want to do. But living that ideal life requires a steady stream of income that lasts as long as you do. The earlier you retire, the more important it is to manage your retirement assets wisely.

Be Cautious If Using a Life Settlement to Pay for Long-Term Care in Colorado

On the insurance front is another occasionally used funding source known as a life settlement. This option, also sometimes called a senior settlement, involves selling existing life insurance to a third party for cash. This third party is a person or entity other than the company that originally issued the policy. The settlement amount to be gained is typically more than the policy’s cash surrender value but less than the death benefit

Colorado SecureSavings Aims to Build Retirement Funds

Colorado’s State Treasurer office estimates that more than 40% of the state’s private-sector workforce does not have access to a retirement savings plan at work. That equates to nearly 940,000 workers. A new program called Colorado SecureSavings (CSS) was created to meet this need, and its website for applicants went

Financial Security and Support for Older Coloradans in Uncertain Times

Particularly with the combined effects of a multi-year pandemic and historically high inflation, media coverage of economic news has focused an increasing level of attention on the plight of older Americans in uncertain financial times. CBS News, for instance, issued a report noting that even a cost-of-living bump in Social

Assessing Retirement Risks: Perception vs. Reality

A July 2022 study conducted by the Center for Retirement Research of Boston College concludes that in general, “retirees do not have an accurate understanding of their true retirement risks,” and these retirees often underestimate the importance of setting up resources to provide lifetime income. The study compared the “objective”

Financial Planning for Seniors in Colorado

You’ve worked hard all your life, and retirement is just around the corner. You hope you’ve scrimped and saved enough so you can take trips to see the grandkids and enjoy lazy days full of activities you love to do, not work tasks you have to do.   Did you know

Estate Planning for Seniors in Colorado

There’s a well-known idiom that states “You can’t take it with you,” meaning you leave behind your money and any other possession when you die. It’s a good reminder to enjoy our blessings while we are still here on earth. It is also a hint for older adults that planning

Photo of older woman consulting woman on legal matters.

Getting the Jump on Estate Planning In Colorado

Older adults often face critical and complex issues such as income security, housing, utilities, protective services, abuse, neglect, and age discrimination, which is why advanced planning is so important. Early legal planning for seniors can make a big difference. Some of the benefits of early planning include giving all interested

Evaluating Your Sources of Retirement Income

Most older adults’ income decline after they leave the workforce. The first step to ensuring that there are enough funds to last the rest of you or your loved one’s life is review all income sources to determine how much each will provide and for how long.  When You sit

How do You Financially Plan for Retirement?

A crucial part of aging in place is understanding and honestly evaluating you or your loved one’s financial health. Much like a company that reviews its profit and loss statements, you should conduct a comprehensive review of all income and assets. Attaining economic security for seniors starts with putting together

Service Areas Details:

  • Boulder County and City of Boulder
  • Central Mountains: Chaffee, Custer, Fremont, Lake
  • City and County of Denver
  • City of Aurora
  • Colorado Springs Metro area: Counties of El Paso, Park, Teller
  • Denver Metro area: Counties of Adams, Arapahoe, Broomfield, Clear Creek, Denver, Douglas, Gilpin, Jefferson
  • Eastern Plains: Counties of Cheyenne, Elbert, Kit Carson, Lincoln
  • Larimer County and City of Fort Collins
    Las Animas/ Huerfano: Counties of Huerfano, Las Animas
  • Northeast Colorado: Counties of Logan, Morgan, Phillips, Sedgwick, Washington, Yuma
  • Northwest: Counties of Garfield, Mesa, Moffat, Rio Blanco, Routt
  • Pueblo County and City of Pueblo
  • San Juan Region: Counties of Archuleta, Dolores, La Plata, Montezuma, San Juan
  • South Central Colorado: Counties of Alamosa, Conejos, Costilla, Mineral, Rio Grande, Saguache
  • Southeast Colorado: Baca, Bent, Crowley, Kiowa, Prowers, Otero
  • Summit Region: Counties of Eagle, Grand, Jackson, Pitkin, Summit
  • Weld County
  • West Central: Counties of Delta, Gunnison, Hinsdale, Montrose, Ouray, San Miguel