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Big Box Store or Tailor-Made? Choosing the Right Approach to Your Financial Future
News, Retirement Income Planning, Retirement PlanningWhen it comes to your money, retirement, and peace of mind, the fit matters.
Think about shopping for clothes. You can walk into a big-box store and grab something off the rack. It’s fast, predictable, and might look fine in the mirror. But was it really made for you? Or you could go to a skilled tailor, where every measurement is taken into account, and the result isn’t just clothing, it’s something built to fit you, last longer, and reflect who you are.
Now imagine applying this analogy to your financial future. Do you want a “big-box” financial experience, quick, convenient, but often generic and ill-fitting? Or would you prefer a “tailor-made” financial approach, one that’s personalized, crafted with care, and focused on quality over speed?
Let’s break this down and see why it matters so much for your financial life.
The Big Box Model of Finance
Think about a big-box retailer:
That’s why people flock to places like Target or Walmart. In a pinch, you’ll always find something that “works.” Need a shirt for tomorrow’s meeting? Grab one off the rack and go.
But the trade-offs are obvious:
The same can be said for the “big-box” side of the financial industry. These are the large firms, banks, and insurance companies that provide financial services in bulk. Their approach is standardized, reactive, and often sales-driven.
What Big Box Finance Looks Like:
Banks are one of the clearest examples. Many assume banks are protecting their money and acting in their best interest. But once your deposit is in, it’s the bank’s money; they earn multiples on it, while you may see a fraction of a percent in return.
The Tailor-Made Model of Finance
Now, think about stepping into a tailor’s shop.
Yes, tailored clothing often costs more upfront. It requires more time, and not every tailor is great. But when you find the right one? You don’t just wear it; you own it.
Boutique financial firms work the same way. They’re smaller, specialized, and relationship-driven. Instead of cookie-cutter solutions, they build strategies around your unique goals, lifestyle, and family needs.
What Tailor-Made Finance Looks Like:
You wouldn’t wear a suit two sizes too big to your most important meeting. Likewise, you shouldn’t rely on a generic, off-the-shelf financial plan to protect your future.
Why the Difference Matters
At first glance, both models seem to “do the job.” A big-box shirt covers your back, and big-box finance manages your money.
But dig deeper, and the differences are stark:
The bottom line: big-box finance feels cheap and easy upfront, but costly in the long run.
Spotting Big Box vs. Tailor-Made Firms
Red Flags of Big Box Finance:
Signs of Tailor-Made Finance:
Holistic Wealth Planning
Big-box firms often stop at basic investments. Tailor-made firms look at the full picture:
This holistic approach helps ensure all parts of your financial life work together seamlessly.
Which Do You Want: Big Box or Tailor-Made?
At the end of the day, it comes down to this:
An educated retiree is a confident retiree. By asking the right questions and seeking quality over convenience, you can ensure your plan truly fits your life.
So ask yourself:
If any answer leaves you uneasy, it may be time to trade the “big-box” experience for something tailor-made to you.
How Agemy Financial Strategies Can Help
At Agemy Financial Strategies, we believe your financial future deserves more than an off-the-shelf solution. We’ve built our firm on a tailor-made philosophy, putting relationships, education, and holistic planning at the heart of everything we do.
Here’s how we stand apart:
Our mission is simple: to help you retire and stay retired. With the right strategies, proactive service, and a partner who truly understands you, financial peace of mind is possible.
📞 Call us today at 800-725-7616 to schedule a complimentary consultation, or visit us online at agemy.com
Disclaimer: This content is for educational purposes only and should not be considered financial or investment advice. Please consult with the fiduciary advisors at Agemy Financial Strategies before making any investment decisions.
What Retirees Need to Know About Investing in Precious Metals
Investment Management, News, Stock MarketIn today’s uncertain economic landscape, many retirees and near-retirees are asking a critical question: Should I invest in precious metals? With gold recently hitting all-time highs, silver rebounding in demand, and industrial metals like platinum and palladium playing growing roles in the global economy, it’s no wonder that interest in this asset class has surged.
Central banks around the world continue to stockpile gold, while industrial demand for silver, platinum, and palladium is rising due to clean energy technology, automotive manufacturing, and electronics. But before you rush to add metals to your portfolio, it’s essential to understand the “why” behind your investment and the right way to go about it.
In this blog, we’ll walk you through the different ways to own precious metals, their role in a diversified retirement strategy, and how to avoid some of the most common (and costly) mistakes.
Purpose vs. Performance: What’s Your “Why”?
The first and most important step when considering precious metals is to clarify your purpose.
Understanding your “why” will determine how you should own metals and which metals make sense for you. Retirees often confuse these motivations and end up owning the wrong type or the wrong form of metal investment.
The Four Main Ways to Own Precious Metals
1. Physical Metals – For Protection and Tangible Security
If your concern is systemic financial collapse, bank failures, hyperinflation, or global instability, physical metals like gold, silver, platinum, and palladium are your safest bet. These are not about making quick profits; they’re about preserving wealth.
Best Practices for Physical Precious Metal Ownership:
Physical metals are a form of insurance, not a growth asset.
2. ETFs – For Exposure and Diversification
For those looking to hedge against inflation or lower volatility in their portfolio, exchange-traded funds (ETFs) for gold, silver, platinum, and palladium offer a practical option.
Allocated vs. Unallocated ETFs:
If security matters to you, choose allocated ETFs for true exposure.
3. Mining Stocks & Royalty Companies – For Growth and Risk
Mining stocks and royalty & streaming companies provide leverage to metal prices and can deliver outsized returns, but at a much higher risk.
This approach is best for speculative investors who understand market cycles and have a higher risk tolerance.
Timing Is Everything: Precious Metals’ Historical Cycles
Precious metals often move in long cycles. Gold and silver can soar during monetary instability, while platinum and palladium are more sensitive to industrial demand cycles.
For example:
Buying at the top of a run can lead to years of underperformance, so understanding these cycles is key.
The Retirement Equation: TR = I + G
The key to a strong retirement portfolio is understanding the equation:
Total Return (TR) = Income (I) + Growth (G)
Precious metals offer growth potential but little to no income. That’s why they should be a piece of your portfolio, not the whole puzzle. A robust retirement strategy combines income-generating assets with growth-oriented investments like metals.
Should You Go for the Gold… and Silver, Platinum, or Palladium?
The answer is: It depends.
No matter your goal, remember: purpose before performance.
Where Agemy Financial Strategies Comes In
At Agemy Financial Strategies, we don’t sell precious metals, but we do help clients incorporate them into a well-balanced retirement plan.
Here’s how we can help:
With over 30 years of experience, we help clients retire and stay retired well. Our Retirement Readiness Report and Financial Defense Guide can empower you to invest with purpose.
Ready to Build a Smarter, Safer Retirement Strategy?
Whether you’re just beginning to plan or reassessing your current investment strategy, Agemy Financial Strategies is here to help. Let’s build a plan that reflects your goals, balances risk, and includes the right mix of assets for your future.
Contact us today to schedule a complimentary consultation.
FAQs About Precious Metals and Retirement
1. Are precious metals safe investments for retirement?
They can serve as a hedge against inflation, currency risk, and market instability, but they should be a portion, not the core, of your retirement strategy.
2. Should I buy physical metals or ETFs?
It depends on your purpose. Buy physical metals for wealth preservation and security. Choose allocated ETFs for liquidity and easy diversification.
3. Can I hold metals in my IRA?
Yes, but there are restrictions for physical metals. ETFs are often the more practical choice for retirement accounts.
4. How much should I have in precious metals?
A general rule is no more than 5–10% of your portfolio, depending on your goals and risk tolerance.
5. Why invest in metals beyond gold?
Silver has both investment and industrial uses, platinum is critical for clean energy and automotive technology, and palladium is essential for emissions control systems, each offering unique growth drivers beyond gold’s role as a monetary hedge.
Investment advisory services are offered through Agemy Wealth Advisors, LLC, a Registered Investment Advisor and fiduciary to its clients. Agemy Financial Strategies, Inc. is a franchisee of Retirement Income Source®, LLC. Agemy Financial Strategies, Inc. and Agemy Wealth Advisors, LLC are associated entities. Agemy Financial Strategies, Inc. and Agemy Wealth Advisors, LLC entities are not associated with Retirement Income Source®, LLC
The information contained in this e-mail is intended for the exclusive use of the addressee(s) and may contain confidential or privileged information. Any review, reliance or distribution by others or forwarding without the express permission of the sender is strictly prohibited. If you are not the intended recipient, please contact the sender and delete all copies. To the extent permitted by law, Agemy Financial Strategies, Inc and Agemy Wealth Advisors, LLC, and Retirement Income Source, LLC do not accept any liability arising from the use or retransmission of the information in this e-mail.
The Gold Market’s Wild Ride: A Tale of Tariffs and Traders
News, Stock Market, TariffsThe past week has been a whirlwind for the gold market, with prices swinging dramatically based on shifting headlines from the White House. This event offers crucial insights for investors, particularly the key difference between speculative futures trading and long-term physical gold investing.
A Rollercoaster of News
The recent volatility began on Friday when a Trump administration ruling was made public, indicating that one-kilogram and 100-ounce gold bars would be subject to new tariffs. This news blindsided dealers and sent a shockwave through the market. Gold futures contracts on New York’s Comex exchange immediately soared to a record high of over $3,514 an ounce, as futures traders sought a “safe haven” amid rising economic uncertainty. The gold price had already risen around 30% this year due to concerns about U.S. economic policy.
However, the rally was short-lived. A White House official promised an executive order to clarify the “misinformation” about the tariffs, causing prices to fall. On Monday, August 11, December gold futures dropped as much as 2.4%, or $80.50, to settle around $3,410.80 per ounce. This marked the biggest one-day percentage decline since May 12, according to Dow Jones Market Data. The announcement that gold would not be subject to tariffs was made by President Trump shortly after gold prices settled for the day.
The price action wasn’t just limited to the U.S. market. Spot gold also dropped, pushing the premium between New York Comex futures and London bullion back to a normalized level. This period of confusion highlighted how sensitive the global gold market is to official policy and the rapid reactions of speculators.
What This Means for Your Portfolio: Futures vs. Physical Gold
The dramatic swings you’ve seen in the headlines were primarily a function of the futures market. It’s crucial for investors to understand the difference between this and other forms of gold investment.
The purpose of your gold investment should always come before performance. Whether you’re buying it for protection against a financial crisis, as an inflation hedge, or for market exposure, the type of gold you hold and your strategy should be aligned with your goals.
How Agemy Financial Strategies Can Help
At Agemy Financial Strategies, we believe every investment decision should start with a clear purpose. Gold can play a valuable role in a diversified portfolio, but only if it’s aligned with your broader retirement strategy.
Our fiduciary advisors can help you:
In times of market uncertainty, we’re here to help you make confident, informed decisions.
Contact us today for a complimentary Retirement Readiness Review to discuss how gold and other diversification strategies can strengthen your financial plan.
Frequently Asked Questions About Gold Investing
Is gold a good investment for retirement? Gold can be a useful part of a diversified retirement portfolio, especially as a hedge against inflation or currency risk. However, it generally doesn’t generate income and should be balanced with income-producing assets.
What’s the safest way to own gold? For wealth preservation, physical gold in the form of recognizable coins (like American Gold Eagles) stored in a secure, accessible location is best. If your goal is market exposure rather than physical possession, consider allocated gold ETFs.
What’s the difference between allocated and unallocated gold ETFs? Allocated gold ETFs hold specific gold bars in your name, giving you direct ownership. Unallocated ETFs represent a claim on gold but aren’t tied to specific bars, meaning in a crisis, you may not receive physical gold.
Are gold mining stocks a good alternative to physical gold? Gold miners can offer leverage to gold price movements and potential dividends, but they are far more volatile and can underperform badly in down cycles. They work best for short-term, cycle-based strategies, not long-term wealth preservation.
How much gold should I have in my portfolio? This depends on your goals and risk tolerance, but for most retirement-focused investors, gold allocations range between 5–10% of the portfolio. Too much gold can limit your income potential and overall diversification.
Disclaimer: This content is for educational purposes only and should not be considered financial or investment advice. Please consult with the fiduciary advisors at Agemy Financial Strategies before making any investment decisions.
National Financial Awareness Day: Smart Strategies for High-Net-Worth Retirees
Financial Planning, News, Retirement Planning, Wealth PreservationAugust 14th marks National Financial Awareness Day, a timely reminder for individuals and families to review their financial health, long-term goals, and retirement plans. For high-net-worth (HNW) retirees, those with $1 million or more in investable assets, this is more than a calendar note. It’s a chance to reevaluate wealth preservation strategies, ensure tax efficiency, and solidify the legacy you’ve worked so hard to build.
At Agemy Financial Strategies, we believe financial awareness isn’t a once-a-year occasion; it’s a lifestyle. But today offers a perfect opportunity to pause, reflect, and make sure your financial strategy is working for you in retirement, not against you.
Why Financial Awareness Still Matters in Retirement
For many high-net-worth individuals, retirement is not the end of financial planning. It’s the beginning of a more complex phase. You’re not just living off your assets; you’re managing them for longevity, legacy, and evolving lifestyle goals.
Here’s why continued financial awareness matters:
The stakes are higher in retirement, especially for HNW individuals.
6 Key Areas High-Net-Worth Retirees Should Review This National Financial Awareness Day
Let’s walk through six core areas where HNW retirees should focus their attention. These areas serve as the foundation of a secure and fulfilling retirement, and Agemy Financial Strategies is here to help you optimize each one.
1. Wealth Preservation: Protecting What You’ve Built
After a lifetime of saving,investing, and building wealth, the priority shifts from accumulation to preservation. But preservation doesn’t mean stagnation. It means:
At Agemy Financials Strategies, our tactics are built around helping HNW retirees transition smoothly from growth to preservation, while making sure your money continues to work for you.
Quick Tip: Have your portfolio professionally stress-tested to see how it would hold up during a major market correction or interest rate hike.
2. Tax Efficiency: Keep More of What You Earned
HNW retirees often find themselves in a higher tax bracket even in retirement, especially when Required Minimum Distributions (RMDs) kick in. Tax drag can erode income and wealth over time if not proactively managed.
Key considerations include:
Agemy Financial Strategies works with experienced CPAs and estate attorneys to develop fully integrated, tax-efficient plans that protect your wealth for years to come.
3. Income Planning: Making Retirement Pay You
Generating income in retirement is different from earning a paycheck. It requires converting accumulated assets into a reliable, sustainable income stream without running out of money or overpaying in taxes.
Best practices include:
At Agemy, we help retirees build personalized income plans that balance flexibility with certainty, helping ensure you never outlive your wealth.
4. Estate and Legacy Planning: Leave the Right Kind of Legacy
Estate planning isn’t just about passing on wealth; it’s about doing it efficiently, intentionally, and with minimal tax consequences.
For HNW retirees, this often involves:
National Financial Awareness Day is a perfect reminder to:
Agemy Financial Strategies partners with legal professionals to help you create a customized legacy plan that reflects your values, goals, and wishes, down to the smallest detail.
5. Long-Term Care and Healthcare Planning
A single long-term care event can cost hundreds of thousands of dollars and derail an otherwise sound retirement plan. While HNW retirees may have the assets to self-fund, smart planning can help reduce the impact on your estate and heirs.
Options include:
Agemy helps retirees prepare for what’s ahead with realistic healthcare projections and tailored funding strategies, so you can focus on enjoying retirement, not worrying about “what if.”
6. Philanthropy and Impact Investing
Financial awareness in retirement also means aligning your money with your values. Many HNW retirees find joy and purpose through charitable giving, impact investing, or funding family foundations.
Key tools we help clients explore:
Whether you want to make an impact in your community, support a cause, or teach stewardship to your heirs, Agemy Financial Strategies helps turn good intentions into long-term impact.
Note: Contributions to a DAF can be invested and grow tax-free, allowing you to give more over time.
Agemy Financial Strategies: A Trusted Guide for High-Net-Worth Retirees
For over 35 years, Agemy Financial Strategies has guided clients through every phase of wealth accumulation, protection, distribution, and transfer. Our personalized approach helps ensure that your retirement plan aligns with your goals, risk tolerance, and legacy wishes.
We’re experienced in helping HNW retirees:
Because at this stage of life, you shouldn’t be managing financial stress; you should be enjoying the rewards of your success.
Financial Awareness Is a Year-Round Mindset
National Financial Awareness Day is a powerful reminder that financial literacy doesn’t stop at retirement. In fact, for high-net-worth retirees, awareness becomes even more critical as wealth management grows more complex.
So, ask yourself:
If you hesitated on any of these, it may be time for a second opinion.
Take the Next Step Today
Your financial life is too important to leave to chance. Whether you want a portfolio review, tax-efficiency audit, or full retirement plan refresh, Agemy Financial Strategies is here to help.
This National Financial Awareness Day, take action.
Schedule a consultation with one of our experienced fiduciary advisors and gain the clarity and confidence you deserve in retirement.
Financial Planning FAQs
FAQ #1: Why do I still need financial planning if I’m already retired and financially secure?
Even in retirement, financial planning is essential to help preserve your wealth, manage taxes, generate a reliable income, and prepare for unforeseen events like long-term care or market volatility. For high-net-worth retirees, the complexity increases, making professional guidance critical for optimizing strategies and avoiding costly mistakes. Agemy Financial Strategies helps ensure that your wealth works efficiently for you and future generations.
FAQ #2: What are the most common tax pitfalls for high-net-worth retirees?
Common pitfalls include:
Agemy Financial Strategies is experienced in proactive tax planning designed to help reduce your lifetime tax liability and enhance your after-tax income.
FAQ #3: How can I help ensure my estate plan protects both my assets and my family?
Effective estate planning goes beyond having a will. It includes:
Agemy Financial Strategies collaborates with estate attorneys to build a comprehensive legacy strategy tailored to your unique goals and family dynamics.
FAQ #4: What’s the benefit of working with a fiduciary financial advisor like Agemy?
Fiduciary advisors are legally obligated to act in your best interest, unlike brokers or commission-based advisors who may have conflicts of interest. At Agemy Financial Strategies, we offer independent, objective advice, rooted in a deep understanding of retirement income planning, tax optimization, and wealth preservation for high-net-worth individuals.
FAQ #5: How often should I review my financial plan in retirement?
While some elements (like wills or asset allocation) may only need review annually or when life changes occur, others, like tax strategy, income planning, or investment performance, should be monitored more regularly. At Agemy Financial Strategies, we recommend semiannual reviews and offer ongoing support to adjust your strategy as markets, laws, and personal goals evolve.
Disclaimer: This content is for educational purposes only and should not be considered financial or investment advice. Please consult with the fiduciary advisors at Agemy Financial Strategies before making any investment decisions.
Retiring in Connecticut: What You Need to Know
News, Retirement PlanningEvery year on August 10, we celebrate National Connecticut Day, a time to recognize the state’s enduring legacy, cultural richness, and contributions to American history. Known as the “Constitution State” for its pivotal role in the formation of the U.S. government, Connecticut is home to storied towns, vibrant communities, and a quality of life that many retirees seek out when planning their next chapter.
But beyond the scenic coastlines and charming colonial towns, Connecticut offers much more, especially for those approaching or already in retirement. If you’ve ever considered retiring in this beautiful state, now is the perfect time to explore what makes Connecticut such a strong choice for your golden years.
But beauty and comfort come at a cost… New data from Black Enterprise shows that Connecticut is the 10th most expensive state to live comfortably, with individuals needing $105,165 annually and families of four requiring $290,368. While the state offers unmatched beauty and quality of life, these high costs make strategic financial planning essential—especially for retirees.
With our headquarters in Guilford, Agemy Financial Strategies understands the unique financial landscape of Connecticut. Our fiduciaries are here to help you build a personalized retirement income plan so you can enjoy the life you love, with confidence and peace of mind.
Why Retiring in Connecticut Is a Meaningful Choice
1. Natural Beauty & Outdoor Lifestyle
Connecticut delivers spectacular landscapes year-round. From its nearly 100 miles of coastline to peaceful forests and hills inland, nature-loving retirees enjoy everything from beach days in Madison to hiking in Litchfield Hills. The four-season climate offers snowy winters, blooming springs, vibrant autumns, and warm summers, ideal for those who want variety and outdoor adventure.
2. Small-Town Charm with Urban Access
Whether you love a quaint village or a vibrant city, Connecticut has both. Towns like Chester, Essex, and Mystic are packed with colonial charm and welcoming downtowns. Meanwhile, cities like New Haven and Hartford offer arts, dining, and culture, often fueled by world-renowned institutions like Yale University.
3. Lifelong Learning Opportunities
Connecticut is a hub of education. Retirees can tap into programs from UConn, Yale, Quinnipiac, and many community colleges. Seniors often receive discounted or free tuition for non-credit courses, lectures, and cultural events. This intellectual energy makes Connecticut an inspiring place for curious minds.
4. Access to High-Quality Healthcare
With medical systems such as Yale New Haven Health and Hartford HealthCare, Connecticut consistently ranks among the top states for healthcare access and quality. The state also boasts one of the highest life expectancies in the country, around 80.8 years, which speaks to the emphasis on well-being and preventative care.
5. Safe & Supportive Communities
Connecticut’s crime rate is consistently below the national average. Towns like Easton, Ridgefield, Wilton, and Madison regularly rank among the safest in the U.S., giving retirees and their families peace of mind. Many communities also host active senior centers, book clubs, walking groups, and arts programs to help retirees stay connected and involved.
6. Rich Cultural & Historic Experiences
Connecticut is steeped in American history and culture. From Mystic Seaport and Gillette Castle to Mark Twain’s house in Hartford and the Wadsworth Atheneum, there’s no shortage of sites to explore. Connecticut is also the birthplace of the lollipop, dictionary, and hamburger, and home to the famed New Haven-style apizza.
Financial Considerations for Retiring in Connecticut
Cost of Living & Housing
Connecticut’s median home price hovers around $466,000, depending on the region. Coastal areas and suburbs near NYC (like Fairfield County) tend to be pricier, while central and northern towns offer more affordability. Utilities, insurance, and groceries are slightly above national averages, but are often balanced by the quality of life.
Retirement Income & Taxes
Recent tax reforms have made Connecticut more retirement-friendly:
With the right financial planning, retirees can make the most of these tax benefits and live comfortably in the Constitution State.
Top Towns to Retire in Connecticut
Celebrate National Connecticut Day in Retirement
National Connecticut Day is more than just a historical nod; it’s a chance to appreciate everything that makes this state special. Retirees can enjoy:
Whether you’re a lifelong resident or a new transplant, August 10th is a perfect time to celebrate Connecticut’s heritage and your future in it.
How Agemy Financial Strategies Can Help You Retire Confidently in Connecticut
At Agemy Financial Strategies, we understand that retirement isn’t just about relaxing, it’s about living with clarity, control, and purpose. Connecticut offers the lifestyle. We help you secure the financial foundation to fully enjoy it.
Here’s how we make it happen:
1. Personalized Retirement Income Planning
We help you build a custom retirement income plan that accounts for your goals, lifestyle, and longevity, so you can enjoy Connecticut’s offerings without worrying about outliving your savings.
2. Tax-Smart Retirement Strategies
Connecticut has unique tax nuances for retirees. We’ll support you in navigating property taxes, Social Security thresholds, and distribution strategies to help maximize your income and minimize your tax bill.
3. Social Security & Medicare Optimization
Timing your benefits and managing AGI to avoid IRMAA penalties is crucial. Our team helps you make informed decisions so you get the most from Social Security and Medicare, while avoiding common pitfalls.
4. Legacy & Estate Planning
Whether you’re planning for long-term care or setting up a tax-efficient legacy, we’ll guide you through strategies to help protect your assets and your family’s future.
5. Fiduciary Investment Guidance
As fiduciaries, our advice is always in your best interest. We build steady, long-term investment strategies designed to weather market changes and keep your retirement on track.
At Agemy Financial Strategies, we’re experienced in helping retirees in Connecticut make the most of their resources, because your retirement deserves more than a one-size-fits-all approach.
📞 Ready to get started?Visit agemy.com to schedule your complimentary strategy session.
Retirement in Connecticut: Frequently Asked Questions
1. Is Connecticut a good state for retirement?
Yes. While it’s not the cheapest state, Connecticut offers high-quality healthcare, rich culture, beautiful surroundings, and recent tax reforms that make retirement more manageable, especially with proper planning.
2. What kind of tax benefits are available to retirees?
Social Security is exempt for many, and pensions/IRA withdrawals may also receive partial exemptions. There are no inheritance taxes, and several towns offer property tax relief programs for seniors.
3. How can Agemy Financial Strategies help me?
We offer comprehensive retirement planning, including income strategies, tax minimization, Social Security timing, Medicare guidance, investment management, and legacy planning, all from a fiduciary lens.
4. What are the best towns in Connecticut for retirees?
Top towns include Mystic, Chester, West Hartford, Essex, and Southbury, all offering a balance of culture, affordability, and community for retirees.
5. When should I start planning for retirement in Connecticut?
The sooner, the better. Starting 5–10 years before your ideal retirement date gives you time to optimize savings, manage taxes, and build a plan aligned with your lifestyle goals. But it’s never too late to get help!
Final Thoughts
National Connecticut Day is a reminder of everything this historic and beautiful state has to offer, not just as the birthplace of democracy, but as a wonderful place to enjoy retirement.
From coastline strolls and cultural outings to community bonds and high-quality healthcare, Connecticut invites you to retire with purpose and peace of mind.
And with Agemy Financial Strategies by your side, you can retire here confidently, knowing your finances are as solid as the foundation this state helped build for the country.
Contact us today at agemy.com for a complimentary consultation.
Disclaimer: This content is for educational purposes only and should not be considered financial or investment advice. Please consult with the fiduciary advisors at Agemy Financial Strategies before making any investment decisions.
Colorado Day: What You Need to Know About Retiring in Colorado
News, Retirement PlanningEvery year on August 1, we celebrate Colorado Day, honoring the state’s stunning natural beauty, rich heritage, and vibrant communities. On this day in 1876, just 28 days after the nation’s centennial, Colorado officially became the 38th state in the Union.
From the towering Rocky Mountains to sun-soaked high plains, the Centennial State offers an iconic backdrop for adventure, wellness, and yes, even retirement. Whether you’re a long-time resident or planning to put down roots here, Colorado offers an ideal setting to enjoy your golden years.
But what should you know before retiring in the Mile High mountains? New data from Black Enterprise reveals Colorado ranks as the 9th most expensive state to live comfortably, with the average individual needing $105,955 and a family of four $273,728. While it offers natural beauty and an exceptional quality of life, the cost of living makes smart financial planning essential – especially for retirees. With offices in Connecticut AND Colorado, Agemy Financial Strategies understands the local challenges better than anyone. Our fiduciaries are here to help you create a personalized retirement income plan so you can enjoy the lifestyle you love, without financial stress.
Why Retire in Colorado?
Colorado isn’t just for skiers and hikers. It’s become one of the top retirement destinations in the country, offering a rare blend of outdoor lifestyle, high-quality healthcare, tax perks, and community connection. Let’s dive into why so many people choose to spend their retirement years here.
1. Nature, Sunshine, and Clean Living
Colorado boasts sunny days, breathtaking views, and low humidity, an unbeatable combination for active retirees. Whether it’s hiking, biking, fly fishing, golfing, or skiing, there’s always a way to stay moving and energized. Popular retirement towns like Fort Collins, Colorado Springs, Boulder, and Grand Junction offer direct access to natural beauty.
The state’s emphasis on wellness and environmental stewardship creates a healthy atmosphere for those looking to age gracefully and stay active.
2. Top-Tier Healthcare Access
Colorado is consistently ranked among the top states for healthcare. According to the U.S. News & World Report, the state has one of the lowest rates of preventable hospitalizations and high access to quality care.
Major medical systems like UCHealth, Centura Health, and SCL Health offer world-class care, while cities like Denver and Aurora are home to nationally ranked hospitals, including UCHealth University of Colorado Hospital.
3. A Focus on Wellness and Community
Colorado ranks among the healthiest states in the U.S. thanks to its high physical activity rates, low obesity, and public support for mental health. Most towns offer recreational programs, yoga studios, bike trails, farmer’s markets, and senior centers to help retirees stay socially and physically engaged.
Retirees in Colorado often find themselves embracing a younger, more vibrant lifestyle, one that includes social events, outdoor gatherings, and intergenerational connections.
4. Tax Perks for Retirees
Colorado’s tax environment is generally favorable for retirees:
While property taxes vary by county, they are generally among the lowest in the nation, a major plus for retirees on a fixed income.
5. Diverse Retirement Living Options
Whether you want mountain seclusion, small-town charm, or urban energy, Colorado has it all. Consider:
Many of these cities offer age-friendly infrastructure, making it easier to navigate public spaces, healthcare, and transit as you age.
Colorado’s Cost of Living: What You Should Know
While Colorado offers many advantages, some areas, especially Boulder and Denver, come with a higher price tag. Housing, food, and insurance can be costlier than the national average. However, lower property taxes and retirement income exemptions help balance these costs.
Smart planning, including managing your income streams, controlling tax liability, and adjusting investment strategies, can make a retirement in Colorado very financially viable.
How Agemy Financial Strategies Can Help You Retire Confidently in Colorado
At Agemy Financial Strategies, we believe that retirement should be a time of freedom, not financial frustration. Whether you’re already retired in Colorado or planning a move, our fiduciary advisors are here to help you enjoy everything the state has to offer without compromising your financial security.
Here’s how we help:
1. Tax-Smart Income Planning
Colorado’s partial tax exemptions are valuable, but only if your income is structured correctly. We help you:
2. Customized Retirement Income Strategies
We create tailored plans that help ensure you have consistent income streams, even through market downturns or rising healthcare costs. Whether you want to travel Colorado’s 26 scenic byways or simply enjoy your deck view of the Rockies, your money should work for you.
3. Healthcare Planning
From Medicare decisions to long-term care needs, we guide you through:
4. Estate and Legacy Planning
Colorado has no estate tax, but leaving a legacy still requires careful planning. We help you preserve your wealth and values through:
5. Fiduciary Investment Management
Markets may fluctuate, but your plan should stay solid. As fiduciaries, our advice is always in your best interest. We design investment portfolios tailored to your risk tolerance, income goals, and timeline, so you can retire with confidence.
📞 Ready to start your retirement journey in Colorado? Let’s talk:www.agemy.com
Best Places to Retire in Colorado
Here are some of the top spots for retirees:
Each offers different blends of cost, amenities, and lifestyle. Agemy Financial Strategies can help you choose what best suits your goals.
Frequently Asked Questions (FAQs)
1. Is Colorado a tax-friendly state for retirees?
Yes. Colorado offers a flat income tax rate (4.25%) and generous retirement income exemptions. Social Security is partially exempt, and you can deduct up to $24,000 per person(65+) in qualifying retirement income. There’s also no estate or inheritance tax.
2. What is the cost of living like in Colorado?
Colorado’s cost of living is slightly above average, especially in urban and resort areas. However, low property taxes and tax deductions for seniors help offset some of the costs. Towns like Grand Junction, Pueblo, and Colorado Springs tend to be more affordable.
3. What healthcare options are available in Colorado for retirees?
Colorado is home to top-tier healthcare systems like UCHealth and SCL Health. There are also a wide range of Medicare Advantage and Supplement Plans, as well as senior health centers in most cities.
4. When should I start planning for retirement in Colorado?
Ideally, you should start 5–10 years before retirement to optimize tax strategy, housing choices, and healthcare plans. But it’s never too late; Agemy Financial Strategies can help you get organized at any stage.
5. How can Agemy Financial Strategies help with my Colorado retirement?
Agemy Financial Strategies provides comprehensive fiduciary retirement planning: income strategy, investment management, tax planning, healthcare coordination, and estate planning. We’re experienced in helping retirees make the most of the unique financial landscape Colorado offers.
Final Thoughts: Make the Most of Colorado Day
Colorado is a state of boundless skies, stunning mountains, and endless possibilities. It’s also a state where retirees can find wellness, community, and financial opportunity if they plan wisely.
On this Colorado Day, take a moment to imagine what retirement could look like among the aspens, foothills, and vibrant downtowns of the Centennial State.
And when you’re ready to turn that dream into a strategy, Agemy Financial Strategies is here to help. We’ll walk beside you every step of the way, building a retirement plan that reflects your goals, protects your income, and helps you live your best life in the Rockies.
📖 Want to learn more about how to retire smart in Colorado? Start planning today at agemy.com.
Disclaimer: This content is for educational purposes only and should not be considered financial or investment advice. Please consult with the fiduciary advisors at Agemy Financial Strategies before making any investment decisions.