Successful Retirement Planning
Retirement “There's never enough time to do all the nothing you want.” - Bill Waterson, Calvin and HobbesThe majority of my friends and clients in retirement would agree with Bill.After spending 40-50 hours per week in the activities of an employer, other activities...
The Stock Market – Financial Planning in Loveland
The Stock Market “If I had known that the ride was going to be like this, I would have taken more Dramamine!”I remember hearing those words from a fellow passenger on a deep-sea fishing boat in the Gulf of Mexico - a world away from the Rocky Mountains and Loveland...
Life Insurance
How much life insurance do you need?First of all, do you need a life insurance policy?As a fee-only financial planner, my answer is "maybe".Does Tomassi Financial Planning sell life insurance policies?No.Can I help you determine the specific amount and type of life...
Retirement Planning: How Much Money Do I Need for Retirement?
How much money do I need for retirement? When talking about retirement and financial independence planning, that is by far the most often asked question I receive from clients, friends, and family members. My guess is that most financial planners in the Loveland area...
Estate Plans – Part 2
Trusts and Estate Planning Control beyond the grave is often the phrase used to describe trusts, as they pertain to estate planning. They are also used - in now rare cases - to reduce or eliminate estate and inheritance taxes. Today, the most common use for trusts is...
Estate Plans – Part 3
Advance Medical Directives. Sounds complicated. What are they? As the name implies, they are directives - primarily of a medical nature - that are created in advance. In advance of what? In advance of your incapacity - your inability to make financial and medical...
Estate Plans – Part 1
Understanding Estate Planning Do I need a will? Probably. Do I need a trust? Maybe. Do I need advance medical directives? More than likely. Let's start with the first question - do I need a will. For most of us, the answer to that question is a resounding, "YES". And...
Financial Planning: What Is Your Money Story?
What Is Your Money Story? My what? Your Money Story. It’s the story of your experiences with money – from as far back as you can remember. Writing down your Money Story is a key component in understanding your Personal Financial Operating System (PFOS). My what? Your...
Tax Reform and Financial Planning
Tax Reform Both chambers of Congress have now passed the tax overhaul bill. It's the first such overhaul in more than 30 years. The next stop is President Trump's desk, where he is expected to sign it into law before the end of 2017. The tax overhaul provides heavy...
Financial Planning for Military Retirement in Northern Colorado
FINANCIAL PLANNING FOR MILITARY RETIREMENT IN NORTHERN COLORADO: The New Military Retirement System Whether you are from Loveland, Fort Collins, Berthoud, or Anytown USA, if you or a family member are active duty military or are planning to enlist in the Armed Forces,...
How Much Is Enough?
How Much is Enough? Is there an annual income level and spending level at which you and I can honestly say, “I have enough and I have spent enough, on me”? Yes, I think there is. And I’m not alone. According to a peer-reviewed study by Daniel Kahneman and Angus Deaton...
Financial Planning: Winging it or a Plan?
Reaching Our Goals and Realizing Our Dreams…"Winging It" or Plan? "Where did we ever get the idea that we can reach our goals and accomplish our dreams by 'winging it' in our financial world?" In what other areas of our lives does winging it actually work? Sure,...