February Newsletter

2019 Garden & Home Show

It's time to gather your garden and home-remodeling plans and head to the Rocky Mountain region’s oldest, largest, and most prestigious home show, the 2019 Colorado Garden & Home Show. Bellco is proud to be the presenting sponsor of this nine-day event at the Colorado Convention Center, February 9–17.

The show offers a one-stop marketplace to find the experts who can remodel, refresh, and renew a home or garden. With over 650 participating companies and over 1,400 booths, there’s something for everyone.

  • Bellco members can Buy One Admission, Get A Second Admission Free by presenting their Bellco debit/credit card at the ticket window!
  • Visit this year’s “Generation Wild” Entry Garden presented by Bellco. The garden will will feature more than 35 of the 100 bucket list items Great Outdoor Colorado has identified to get kids outdoors. 
  • Attend one of 50 free educational seminars and how-to demonstrations in the home show theater,

While you're there, stop by the Bellco booth to see how you could win one of ten $500 Lowe’s® gift cards just for visiting*. 

We'll also have a special $300 Cash Back offer on our home equity ChoiceLine during the show. Stop by the Bellco booth for full details.

BELLCO’S MORTGAGE Q&A—COCKTAIL RECEPTION
SATURDAY, FEBRUARY 9 FROM 5–7 PM

Join Bellco’s Mortgage Professionals after the Garden & Home Show (in the upper lobby outside the Home Show entrance) for cocktails, appetizers, Q&A, networking, and a wealth of information on topics, such as:

• How to buy a home with only 3% down
• How to get prequalified for a home purchase
• How refinancing can help improve your financial situation
• How today’s rates could make sense for refinancing

Admission to the reception is free and no reservations are required. We look forward to seeing you there!

For more information about the Colorado Garden & Home Show, go to ColoradoGardenFoundation.org.

*NO PURCHASE NECESSARY TO ENTER OR WIN. VOID WHERE PROHIBITED BY LAW. Official Rules will be available at the Bellco booth during the event.

Understanding IRAs and Your Options

If you’ve been thinking about saving for your post-retirement years, you should understand your options and their benefits. For example, an IRA (Individual Retirement Account) is one way you can individually prepare for your golden years. With an IRA come several benefits as well as some rules to understand. Here are some basics regarding typical IRAs. 

To start, an IRA is essentially a way to save for the future while enjoying tax breaks. With a traditional IRA, you can invest your earnings without paying taxes on them; you pay taxes only when you withdraw from the account. Deferring your taxes means that things like dividends and interest can compound much more quickly in the traditional IRA versus in a taxable account. With a Roth IRA, you pay taxes on your earnings before you invest; however, you won’t pay taxes on any funds you withdraw from the account after you reach retirement age. 

Commonly, you can open an IRA on your own—in other words, you don’t have to have your employer open it as you would a 401(k). Be aware that IRAs have yearly investment caps. For example, if you’re younger than 50, in 2019 you can’t invest more than $6,000. Also, with a traditional IRA, you won’t be able to access the funds without penalty until you’re 59½ years old. (With a Roth IRA, you can withdraw the same amount you’ve deposited any time before you reach 59½; however, any earnings on the investment [interest, for example] can’t be withdrawn without a tax hit until after you’re 59½.) Finally, some restrictions apply to opening an IRA, so you might not be eligible. Be sure to speak with a knowledgeable tax attorney about all of the details and to determine whether an IRA is right for you. 

To see the options available to you through Bellco, including traditional IRAs, Roth IRAs, traditional and Roth IRA CDs, and Coverdell Education Savings Accounts,  visit Bellco's Individual Retirement Accounts page.

Note: The information in this article was provided to Bellco by an independent contributor. Please consult a financial advisor with any questions or concerns related to the specific requirements and restrictions associated with contributing, investing, and withdrawing funds from an IRA.

Do you have questions about certain financial topics that you’ve always wanted to know, but never found the time to ask? For example, maybe you’re not sure how to start a monthly budget or don’t know if it’s ok to just make a minimum payment on a credit card. Topics like these and more are easy to learn, especially when you can do so at your own convenience in the privacy of your own home.

That’s where Bellco’s MoneySmarts program comes in. MoneySmarts is a FREE financial education program available through your computer, tablet or smartphone that you can access 24 hours a day, seven days a week. 
Whether you want to learn banking basics or fine tune your financial acumen, MoneySmarts’ online interactive learning activities are quick, easy, and packed with information to help you reach your financial goals. Main topics include:

Banking Basics
Budgeting & Financial Tools
Bigger Purchases
Financial Planning

Start learning today for a chance to win a $100 Visa® gift card.

Now through December 31, 2019, complete any MoneySmarts financial education activity for a chance to win one of ten $100 Visa gift cards. Eligible participants may enter the Sweepstakes by completing one of the activities, then completing the sweepstakes form that pops up after completion

NO PURCHASE NECESSARY TO ENTER OR WIN. VOID WHERE PROHIBITED BY LAW. For Official Rules, see www.bellco.org/MoneySmartsSweeps2019.

American Heart Association

In February, Bellco will collect donations for the American Heart Association, the nation’s oldest and largest voluntary organization dedicated to fighting heart disease and stroke. Your donations help the organization fund innovative research, fight for stronger public health policies, and provide critical tools and information to save and improve lives.

For ways you can donate to this worthwhile cause, visit Bellco’s Charity of the Month page. To learn more about the American Heart Association, just visit them at www.heart.org.