Mountain Financial

1. Always have enough predictable income at retirement so you can insure your monies last as long as you do.
2. Always start with avoiding threats and fulfilling obligations before you seek opportunities with your money.
3. Always look for ways to reduce your taxes because taxes are the biggest drain on your cash flow.
4. Always remember, our lives are governed by cash flow not accumulation of assets.
5. Always develop a retirement plan that works in all market conditions.
6. Always get a line of credit on your house when you don't need it and no natural disasters are pending. The financial institution may not extend a line of credit when you need it, or if a looming storm or fire is pending.
7. Always remember it is as important to manage your liabilities as it is to manage your assets.
8. Always know prepaying your mortgage in a lump sum each month does not lower your monthly mortgage payment. Prepaying the mortgage benefits the lender not the borrower.
9. Always keep in mind the market and an individual buyer determines the value of your house. Your mortgage, or lack of it, has nothing to do with its value. The value of your house does not increase faster as a result of not having a mortgage on it.

Knowledge is not power—applied knowledge is the real power. It is important for your advisor to take the knowledge he has accumulated and apply it to your specific situation. Many advisors are trained by the financial institutions they represent, and it could be their only source of education. If your income is uncommon, then it is important to use uncommon strategies that meet your needs. Product selection only comes into play after strategies are discussed.

Contact Mountain Financial at [email protected] or 720-506-5800 to learn more!

Are you turning 65 in the near future? It is important to know the ins and outs of Medicare so you can rule it instead of it ruling you. There is no coordinated government communications program to let people know about their Medicare options and responsibilities. Seek advice from someone who is independent and not an employee of an insurance company. They can guide you through the maze of confusion and help you make an educated decision on the best course of action.

Contact Mountain Financial at 720.506.5800 or [email protected] to learn more!