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.


Despite tax overhaul, marriage penalty still hits many couples

CNBC notes that even with tax reforms, the so-called marriage penalty is still affecting many couples: https://tinyurl.com/yyhxtg4m

tinyurl.com Some taxpayers, particularly high-income couples, still face a marriage penalty, meaning that they pay more in taxes than if they were each single.


Estate Planning For The Modern Family: What To Do When You’re Not The Cleavers

Times are changing. So are estate strategies. A Forbes article notes how they are evolving for modern families: https://tinyurl.com/yydrwzjn

forbes.com Modern families require more flexible and different estate planning than traditional families. Many "standard" estate plans and documents do not address the needs of modern families.


Stop procrastinating and get an estate plan—here’s how to get started

This MarketWatch article lists the important reasons to have an estate strategy: https://tinyurl.com/yy98kckf

marketwatch.com Writing a will is a tough chore. Advisers offer their best strategies for helping clients to get this done.


Job growth falls short of expectations as August payrolls rise just 130,000

As CNBC reports, hiring weakened last month and missed Wall Street estimates. See the August jobs number @ https://tinyurl.com/y4zzoa2p

cnbc.com The increase fell short of Wall Street estimates for 150,000, while the unemployment rate stayed at 3.7%, as expected.


Do All Seniors Pay Taxes on Their Social Security Benefits? | The Motley Fool

As the Motley Fool notes, Social Security benefits are sometimes taxable. Read the article @ https://tinyurl.com/y58xdeef

fool.com Whether you'll be taxed on your benefits in retirement depends on where you live and what your total income looks like.


Why Money Is The Last Thing You Need To Think About As You Approach Retirement

A Forbes article spotlights 3 big retirement questions that are not about retirement income: https://tinyurl.com/y2jaqwo8

forbes.com Your plan for where to retire, heallthcare and work will drive your financial plan in retirement. Real world lessons.


There's a key tax deadline right around the corner. Here's how to prepare

The next estimated tax deadline is September 16. First time paying quarterly taxes? Read this CNBC article: https://tinyurl.com/yxa9sj3x

cnbc.com When it comes to taxes, Sept. 16 doesn't quite have the same ring as April 15. However, this deadline is an important one for entrepreneurs, investors and people in the side-gig economy. Here's why.


Estate Planning: What You Need To Know

Why have an estate strategy? Forbes lists several compelling reasons @ https://tinyurl.com/y4sdoxe6

forbes.com Although many people seemingly believe they are immortal, everyone will pass away at some point, and being proactive in the planning of your estate has its benefits.


Here's how much more money you'd have if you delayed retirement until 70, according to Stanford researchers

As CNBC notes, some Stanford University researchers think Americans should wait until 70 to retire: https://tinyurl.com/y6yt3tu3

cnbc.com "Delaying retirement, even if for a few years, can significantly increase the eventual retirement income," researchers from the Stanford Center on Longevity and Society of Actuaries report.


Hurricane Dorian: What does insurance cover after a disaster?

What does insurance cover after a disaster, such as a hurricane? Read this USA TODAY piece: https://tinyurl.com/y54825pk

usatoday.com How well will your homeowners or renters insurance hold up after a storm like Hurricane Dorian? The answer largely depends on the storm itself.


How to get the most from this tax-free source of retirement income

A permanent life insurance policy could be a source of tax-free retirement income. Read more @ CNBC: https://tinyurl.com/y56wvnea

cnbc.com Cash value life insurance can complement your retirement plan by acting as a source of tax-free income. Just make sure you don't mismanage your policy. Here's how to use this asset.


For Estate Plan To Work As Intended, Assets Must Be Properly Titled

Forbes explains why asset titling is so crucial in an estate strategy: https://tinyurl.com/yy2p5sft

forbes.com Wills are a key part of estate planning, but to assure that your estate plan fulfills your intentions, speak with your attorney or planner on the proper titling of your assets.


Should You Sell Your Life Insurance Policy?

Is it a good idea for a senior to sell a life insurance policy? Elder Law Answers looks at life settlements: https://tinyurl.com/y5cwydec

elderlawanswers.com Older Americans with a life insurance policy that they no longer need have the option to sell the policy to investors. These transactions, called "life settlements," can bring in needed cash, but are they a good idea? 


Went to the ER? You may be hit with a surprise medical bill.

Consumers may get more protection against unexpected medical bills in the near future, CNN reports: https://tinyurl.com/y4pb5f85

cnn.com Unexpected medical bills are one of Americans' top health care headaches.


3 Myths Busted To Help Millennials To Save For Retirement

A post at Forbes busts 3 myths that lead millennials to undersave for retirement: https://tinyurl.com/y3yn9tss

forbes.com About half of Millennials are not saving enough for retirement due to common misconceptions about retirement accounts in the workplace.


Parents Owe $89 Billion In Student Loans - Here's What To Do About It

Forbes lists a couple of options that may help parents deal with outstanding federal student loans: https://tinyurl.com/y5fp8msa

forbes.com Here's how parents can manage student loans.


What Is an Estate Plan and Do You Need One?

Why is it so important to have an estate strategy? Take a look at this post @ TheStreet: https://tinyurl.com/y32mvm8y

thestreet.com A good estate plan can save you major asset problems down the road. Here's why.


How to retire with health insurance if you're too young for Medicare

Business Insider offers some tips on arranging health insurance when you retire before 65: https://tinyurl.com/y3dt3mjg

businessinsider.com If you're still willing to work part time in early retirement, it may be worth considering a side gig just for the health insurance benefits.


Retirees miss out on $3.4 trillion by claiming Social Security too early, study says

What do retirees lose by claiming Social Security too early? A collective $3.4 trillion, CNBC reports: http://tinyurl.com/y36zd3mo

cnbc.com While just 4% of retirees delay tapping those monthly checks until age 70, when their benefits reach the maximum amount, about 57% of retirees would build more wealth over their lifetimes if they were to wait until then, a new report concludes.


The Generation of Grandparents Who Keep Their Grandchildren Afloat

Why are so many grandparents giving money to grandkids? The Atlantic looks at the motivations: http://tinyurl.com/yx9lmbuk

theatlantic.com They’re eager to help out—even if that means putting themselves at financial risk.


Rich Families Are Having Awkward Conversations About How to Stay Rich

Bloomberg shares some perspectives on preserving a family legacy of wealth for generations @ https://tinyurl.com/y6hjo8hu

bloomberg.com There are a lot of touchy subjects to bring up when you want to preserve wealth over generations.


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'

What We Offer


Costelloe Financial specializes in Retirement Planning and Investment Management. In addition, Costelloe Financial offers Business Retirement Plans, Estate Planning, Long Term Care, Life, Disability, and Medicare Supplement Insurance, Estate Planning, Fee Based Financial Planning and Fee Based Investment Advisory Services.

Michael Costelloe holds the following registrations and licenses: Series 7, 65, Life & Health Ins. Michael is a Certified Financial Planner Securities and Investment Advisory Services offered through H. Beck, Inc., Member FINRA (www.FINRA.org ) , SIPC (www.SIPC.com ) Costelloe Financial and H. Beck Inc. are not affiliated.

Registered to sell securities in the state of NV, AZ, CA, FL, HI, IL, OR, TX and licensed to sell insurance in NV, CA, AZ, OR, FL . This is not an offer or solicitation in any other state. Third party posts do not reflect the views of H. Beck Inc. and have not been reviewed by H. Beck Inc. as to accuracy and completeness. This information should not be considered tax/legal advice. You should consult your tax/legal advisor regarding your own tax/legal situation. Investments will fluctuate and may be worth more or less than when originally purchased. There is no assurance that any particular strategy will work under all market conditions. Past performance does not guarantee future results.

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1575 Delucchi Lane Ste 102
Reno, NV

Opening Hours

Monday 09:00 - 17:00
Tuesday 09:00 - 17:00
Wednesday 09:00 - 17:00
Thursday 09:00 - 17:00
Friday 09:00 - 17:00
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