Michael P. Costelloe, CFP

Costelloe Financial specializes in Retirement Planning and Investment Management, and offers other services. We are based in the Reno Tahoe area.


4 rewarding part-time jobs for retirees — that actually pay well

MarketWatch lists 4 well-paying jobs suited for retirees @ https://tinyurl.com/y5ju86en

marketwatch.com You can make well over minimum wage and work remotely


Retirees: Control This and You'll Pay Less Tax

A Yahoo! Finance post notes how retirement account distributions affect your taxes: https://tinyurl.com/y6m9pbsc

finance.yahoo.com For most people who are retired, much of their taxation depends on a single thing.


With car-leasing prices on the rise, here's what to know before you sign on the dotted line

CNBC explains what you should know before you lease a car this year: https://tinyurl.com/y2tetg3k

cnbc.com The higher costs are largely due to a combination of rising vehicle prices and interest rates, along with some models experiencing weakening residual values.


Life Insurance Retirement Plans: Are They A Good Choice For You?

Forbes explains how whole or universal life insurance can become the core of a retirement strategy: https://tinyurl.com/y6pdlm5l

forbes.com Life insurance can be a valuable tool for retirement planning if your situation allows for it.


How to choose the right travel insurance for your next vacation

USA TODAY offers tips on selecting the right travel insurance for your next trip @ http://tinyurl.com/y5terguo

usatoday.com This is the year to consider a travel insurance policy, given global insecurities and the increasingly restrictive policies of travel companies.


2 Ways To Combine Charitable Giving And Life Insurance

Forbes has an interesting article about integrating life insurance and charitable giving @ https://tinyurl.com/yydkleko

forbes.com Life insurance is a valuable asset, and often, should be kept in force for the benefit of the insured and owners. However, in some cases the need for life insurance can change and gifting the policy might become a better strategy. Find out how to make the best of gifting a life insurance policy.


3 Big Financial Risks Retirees Face Late in Life -- The Motley Fool

The Motley Fool identifies 3 major money risks that tend to appear after age 75 @ https://tinyurl.com/yy8njvyu

fool.com Will one or more of these derail your retirement?


Good News for Retirement Investors

U.S. News presents 3 key concepts for investing not before, but after you retire: http://tinyurl.com/y3pfkuf5

money.usnews.com These three tips can give you a greater chance of a successful retirement outcome.


Estate planning: 6 steps to ensure your family is financially ready for when you die

This USA TODAY article lists 6 wise estate planning steps. How many have you taken? http://tinyurl.com/y6zqptw9

usatoday.com Only 42 percent of Americans have a will or other estate planning documents, according to a 2017 Caring.com study.


A Guide to Health Insurance for Retirees - SmartAsset

Retiring before 65? Read this overview of health insurance options for retirees at SmartAsset: https://tinyurl.com/y3adpo42

smartasset.com How do you get health insurance once you're retired? We have a guide to all your options, from the various parts of Medicare to private insurance.


That college scholarship may actually be subject to income tax

Did you know that some college scholarships are taxable? Learn more in this CNBC post: https://tinyurl.com/y6z63a8u

cnbc.com Few people would expect to face a tax bite on a scholarship, yet there are situations in which that might be the case. Here's what you should know.


Your Company Needs a Better Retention Plan for Working Parents

A Harvard Business Review article notes why more companies need to recognize the needs of working parents: https://tinyurl.com/y7ogd8zb

hbr.org If your policies don’t accommodate their needs, they’ll go elsewhere.


3 Retirement-Planning Conversations for Every Married Couple -- The Motley Fool

The Motley Fool presents 3 conversation starters for talking with your spouse about retirement planning: https://tinyurl.com/yxdolynf

fool.com Being on the same page as your spouse is key to effective retirement planning for couples.


8 Retirement Planning Mistakes to Avoid

A Next Avenue post notes 8 financial missteps to avoid before and during retirement: https://tinyurl.com/y7q4yxtu

nextavenue.org Keen advice from the authors of 'Your Complete Guide to a Successful & Secure Retirement'


Entrepreneurs Can't Afford to Stint on Disability Insurance

If you work for yourself, it is smart to shop for disability insurance. Take it from Entrepreneur: https://tinyurl.com/y6l5ak6t

entrepreneur.com Illness or injury can be disastrous, especially for those living paycheck to paycheck.


Retiree Survey: Nearly All Say They Are Happy Though Many Are Financially Insecure

A new Transamerica survey says most retirees are happy, even with financial uncertainties. Forbes has more @ https://tinyurl.com/ybf72jay

forbes.com Less than half are confident they have built a nest egg large enough to carry them through retirement while happiness is the general state of mind for 91 percent


6 Reasons Why You Should Have An Estate Plan

Forbes presents 6 good reasons to have an estate plan: http://tinyurl.com/y2wqovpl

forbes.com While you may think that only the ultra-wealthy need an estate plan, anyone—regardless of age, marital status or net worth—can benefit from having a plan in place if the unexpected happens. Here are six reasons why you should have an estate plan at any stage of life.


These Are The Most Common Travel Insurance Mistakes

A Forbes article notes the most common travel insurance claim mistakes: https://tinyurl.com/yb4chsaf

forbes.com It's peak season for travel insurance claims, a time of year when vacationers are sending their reimbursement requests for their year-end holiday getaways. If you're one of the unlucky travelers who are about to file a claim, be careful to not make one of several common travel insurance mistakes.


The Big Reason Why People Are Taking Social Security at 70 -- The Motley Fool

Why would someone wait until age 70 to claim Social Security? Find out at the Motley Fool: https://tinyurl.com/ybl8yqcc

fool.com Waiting to claim Social Security can help you achieve financial security in retirement.


3 Financial Mistakes People Make When They Retire -- The Motley Fool

The Motley Fool pinpoints 3 financial tendencies to avoid in early retirement: https://tinyurl.com/ycf9wl62

fool.com Retirement is not without financial risk -- and most of the setbacks people face when they retire are self-inflicted.


How parents talk about money differently to their sons and daughters

Do parents talk about money differently to their sons and daughters? Fast Company makes that assertion: https://tinyurl.com/y99udmlp

fastcompany.com Girls are taught to save their money, while boys are taught how to build their wealth.


Why And How Women Must Prepare Differently For The Future

A Forbes piece explains why women prepare for retirement differently than men: https://tinyurl.com/yc8s5zpr

forbes.com The moral of this report is that women's lives play out differently than men's, and that affects our financial wellness in big ways.


Want to Retire Early? Handle These 3 Hurdles First -- The Motley Fool

Do you want to retire early? If you do, read this Motley Fool piece which notes 3 key issues to keep in mind. https://tinyurl.com/yconmjuv

fool.com It's critical to address these issues before you leave work for good.


These really bad habits and traits will stop you from reaching your financial goals

What 9 bad habits hold investors back? Find out at CNBC: https://tinyurl.com/yaw7jkmd

cnbc.com Everyone wants to succeed and save for a secure retirement, but many of us keep — and even cultivate — bad money habits that will derail our financial future. Here are 9 bad habits to kick now.


3 Ways to Calculate How Much to Save for Retirement -- The Motley Fool

The Motley Fool gives you 3 basic ways to estimate how much savings you need for retirement: https://tinyurl.com/ycwnznsp

fool.com Pick one, or try all of them.


Think Again If You Plan To Work Longer

Is working past 65 realistic? At Forbes, an economics professor warns that it may not be: https://tinyurl.com/ybmfgaf2

forbes.com When 52% of older workers are pushed out working longer is not their choice. The stark truth is that a significant share of older workers -- age 50-64 -- are not anywhere near being on track to afford retirement.


The new tax law is nothing but good news for married couples with larger estates

Wealthy? MarketWatch shows you why it is smart to update your estate plan to take advantage of tax reform: https://tinyurl.com/ycm7lmol

marketwatch.com The hugely increased federal estate and gift tax exemption is indeed a tax cut for the rich, experts say.


Wealthy women are more likely to donate money and time than wealthy men

Are wealthy women more inclined to donate money and time than wealthy men? MarketWatch looks at a new study: https://tinyurl.com/y7ddk66q

marketwatch.com There’s a reverse gender gap in philanthropy.


One Thing Pre-Retirees Never Talk About But Should

Forbes identifies the retirement question that more pre-retirees should ask themselves: https://tinyurl.com/y9ajknqg

forbes.com Thinking about retirement often means financial planning or discussions on where you'll live but pre-retirees miss this major part of life that means so much to their happiness once they aren't working. Learn what is missing in your retirement plan.


Tax Magic For Seniors: The Qualified Charitable Distribution

Forbes explains how donating IRA assets to charity can be tax-efficient @ https://tinyurl.com/y7z7dewx

forbes.com But, for seniors subject to making Minimum Required Distributions (MRDs) from their IRAs there is a special tax magic they can do. Instead of making a contribution they can’t use as a deduction , they can make their contribution completely disappear from their income. Poof!


How To Determine Your Net Worth | Bankrate.com

What is your net worth? Bankrate shows you how to figure it out: https://www.bankrate.com/banking/savings/how-to-determine-net-worth/

bankrate.com Knowing your net worth can keep you on track for a better financial future.


This magic number could complicate your workplace open enrollment

If you earn more than $120k, CNBC explains why you should pay particular attention during open enrollment: https://tinyurl.com/yd8ffsgs

cnbc.com Highly compensated workers may find open enrollment requires extra planning to navigate. HCE status closes doors to some benefits but opens others. 


This Key Tax Deadline Is Coming Up Soon -- The Motley Fool

A reminder from the Motley Fool: October 15 is the tax filing deadline for those who requested extensions. https://tinyurl.com/y8w92znf

fool.com Will you be prepared?


Your teenager’s after-school job may mean tax homework for you

An article @ USA TODAY covers the matter of teens, their summer and after-school jobs, and taxes: https://tinyurl.com/ya3ccnzt

usatoday.com Here are a few tips for ensuring your teen’s summer employment or after-school work doesn’t stick you with a tax-related cleanup job in April.


Will Your Homeowners Insurance Come Through After a Natural Disaster?

Consumer Reports asks: Do you have the right type and amount of homeowners insurance for a disaster? https://tinyurl.com/y84l8ssa

consumerreports.org How do you know whether you have the right type and amount of home­owners insurance to protect you from a fire or natural disaster? Consumer Reports explains what you need to know about homeowners insurance after a natural disaster.


Nervous About Paying for College? Here's Help

Next Avenue spotlights a new website with tips for paying the costs of college: https://tinyurl.com/ybctqq2h

nextavenue.org Personal finance expert Beth Kobliiner's new site for parents and teens


How To Choose A Health Insurance Plan This Fall

Are you choosing a health insurance plan this fall? Read this Forbes article: https://tinyurl.com/yc6jquom

forbes.com This fall, millions of Americans will face a more common choice of which health insurance plan to choose during their employer’s annual open enrollment period. Let's take a look at some of the questions to consider when making this decision:


Shopping For Health Insurance Before Medicare Kicks In

Shopping for health coverage in the years just before you are eligible for Medicare? Forbes has some insight @ https://tinyurl.com/ya789l3h

forbes.com In this excerpt from Steve Vernon's book, 'Retirement Game Changers,' the author offers tips for keeping health coverage before getting Medicare.


Aggressively lowering blood pressure could reduce risk of developing dementia, study finds

A new study finds that aggressively lowering blood pressure could fight dementia. More @ USA TODAY: https://tinyurl.com/y8eruo57

usatoday.com A new study found that aggressively lowering blood pressure in people at high risk for heart attacks and stroke also reduced their likelihood of developing mild cognitive impairment, a condition that often leads to dementia.


How Early Retirement Might Be Killing Men

Is early retirement harmful to men? Forbes looks at an unsettling new study: https://tinyurl.com/ya5punpt

forbes.com Men appear to be dying much more frequently around age 62. Here's why.


4 things you can do today to improve your finances in 2019

An NBC News article shares some ideas for bettering your personal finances next year: https://tinyurl.com/yagmmnjr

nbcnews.com Whether you need to take a hard look at your budget or search for a new place to stash your cash, there are simple things you can do now to set yourself up for a financially successful 2019.


One big reason people don’t pay off their credit cards every month

MarketWatch notes the simple non-financial reason why some people pay off credit card bills late: https://tinyurl.com/yaea7bnw

marketwatch.com Recent research suggests it’s not because they don’t have enough money to pay off their cards.

Timeline Photos


How solid is your succession plan? - The Business Journals

The Business Journals reminds business owners to address succession planning now, not later: https://tinyurl.com/y883fumt

bizjournals.com Joe ran an injection molding company, the largest employer in the rural town where he lived. When he met business transition expert Lisë Stewart, he was 79, and acknowledged that he needed to get to work putting a succession plan in motion.


6 Common Myths About Estate Planning

This U.S. News article dispels 6 estate planning myths: https://tinyurl.com/ybulz3fh

money.usnews.com Sort through the misconceptions of estate planning to create a prosperous future for your family.

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