This brochure from the Colorado Bar Association discusses various Estate Planning Documents, including Powers of Attorney, Wills, Revocable Living Trusts, and more. Please contact your attorney for specific personal advice in your state.

We occasionally hear from clients who are considering setting up a joint bank account with an aging parent, sibling, or friend. As with most financial decisions, there are potential benefits and potential pitfalls to be aware of. One question you may wish to consider: You may trust your joint owner to act on your behalf, but are you financially at risk in case of their divorce or litigation related to accidents or injuries they may cause?
The Center for Elder Law & Justice has prepared the below article with additional information on joint accounts, Powers of Attorneys, and more. Please contact your attorney for specific personal advice in your state.

Roth IRAs differ from Traditional IRAs in the way they are funded and taxed at distribution. They can be a valuable retirement asset, but it is important to understand the restrictions on contributions and distributions. Fidelity discusses the basics of Roth IRAs and the distribution rules and exceptions in this article.

Both executors and trustees are legally required to act in the best interest of beneficiaries, but there are key differences between the two roles. This article from Fidelity discusses what distinguishes one from the other.

Deciding whether to move into a Continuing Care Retirement Community (CCRC) - and then, which one to choose - may feel overwhelming. Though not a complete list (we would add a question about whether they accept Long Term Care insurance), the attached pdf from MyLifeSite has several conversation-provoking questions to ask of prospective communities. 

This week's Market Watch has Don and Ken discussing Earnings Season, sector rotation, Fed Minutes, and more. Enjoy!

Keeping your technology up-to-date, keeping your financial advisor informed of changes to your personal information, using your Wi-Fi hotspot instead of public Wi-Fi, logging out completely from any financial websites, and using two-step authentication are just a handful of the tips that Schwab suggests to prevent fraud. The rest of the list can be found in the attached pdf.

A Financial Professional can help you make and stick to a plan, with the flexibility to adjust it as necessary. This, and other included tips in the attached article, may assist you in avoiding emotional-based financial decisions.

The New York Stock Exchange (NYSE) was officially founded in 1792, the stock ticker was introduced in 1867, and a Chinese gong was the original opening and closing bell, beginning in the 1870s. Computers were added in 1960s, as was the first permanent female member. The first Black member joined in 1970, and the first day that a billion shares were traded was in 1997. You can read about these dates and more in this article, detailing the history of NYSE.

The One Big Beautiful Bill made changes to tax laws. This linked article from Intuit discusses the changes that may impact teachers, employers, parents, and more.