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Sue Swanson
(720) 858-6288

Mike Edwards
 Dir. of Financial Services
(720) 858-6289

Andrea Levine
Senior Account Executive
(720) 858-6287

Mitch Laycock
Account Executive
(720) 858-6297

Jeff Feakes
Account Executive
(720) 858-6285
Everyone wants financial independence backed by stability and security, and FSG's Financial Planning Team can help you achieve this. Whether it's investment/retirement planning, estate planning, or disability/life insurance, our team provides trusted advice with the goal of protecting and growing your assets. Contact Mike Edwards at (720) 858-6289 to learn how we can help.
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In This Issue - May 2017
6 Steps for Spring Cleaning Your Finances
Two Ways to Protect Your Home from Wildfires
Know the Benefits of Tax-Advantaged and 529 Savings Vehicles
Overview of the Status of the ACA and AHCA
Renewing Your Lease: What to Know
6 Steps for Spring Cleaning Your Finances
The arrival of spring often signifies a time of renewal, a reminder to get rid of the dirt and grime that have built up throughout the winter season. And while most spring cleaning projects are likely focused on your home, you could take this time to evaluate and clean up your personal finances as well.

Try this list of spring cleaning tips from our partners at Woodbury Financial:  
  1. Examine your budget...and stick with it: Make budgeting a part of your daily routine and build occasional rewards into your budget.
  2. Evaluate your financial goals: Have your personal or financial circumstances changed in ways (e.g., marriage, a child, a job promotion) that warrant a reprioritization of your existing financial goals?
  3. Review your investments: Has your investment time horizon recently changed? Has your tolerance for risk changed?
  4. Try to pay off any accumulated debt: Optimize your repayments by paying off high-interest debt first and avoid charging more than you can pay off at the end of each billing cycle.
  5. Take a look at your credit history: Review your credit report and check for any inaccuracies.
  6. Assess tax planning opportunities: Now is a good time to assess any tax planning opportunities for the coming year.
While we can't enforce your budget, we can help you assess and review your goals, tax planning, and investments. Contact Mike Edwards at (720) 858-6289 with your questions or to set up a consultation.
Securities and Investment Advisory Services offered through Woodbury Financial Services, Inc., Member FINRA, SIPC and Registered Investment Adviser. COPIC Financial Service Group and Woodbury Financial Services, Inc. are not affiliated entities.
Two Ways to Protect Your Home from Wildfires
Each year, 70,000 wildfires burn more than an average of 5 million acres of land in the United States. And since no home is truly fireproof, it's necessary to take precautions to protect your home from fire.

Spring is the perfect time to review these tips and complete some wildfire-safety tasks. 
  1. Landscape Smart: Create a zone that will slow the blaze and potentially direct it around your property. Plant native vegetation, install an irrigation system, and clear your roof and gutters of debris.
  2. Build/Remodel Smart: The type of material your home is made of will also protect against damage. When building or remodeling, consider non-combustible roof materials and double-paned glass for exterior windows.

The article Protect Your Home from Wildfires provides resources and tips as well as a list of items to pack should you be faced with a possible evacuation.

Not sure what your insurance policy covers regarding wildfire? Contact Mitch Laycock at (720) 858-6297 for a policy review to help make sure you are appropriately insured.

Know the Benefits of Tax-Advantaged and 529 Savings Vehicles 
Taxes can take a big bite out of your total investment returns, so it's helpful to look for tax-advantaged strategies when building a portfolio. Consider some of these tips when building your savings portfolio: 
  1. Know that tax-deferred is not the same as tax-free. "Tax deferred" means that the payment of taxes is delayed, while "tax free" means that no income taxes are due at all.
  2. Understand the differences between tax-advantaged savings vehicles for retirement. With a traditional IRA, your contributions always grow tax deferred. Contributions to Roth IRAs are made with after-tax dollars, but will grow tax deferred, and qualified distributions will be tax free when you withdraw them.
  3. Consider the benefits of 529 plans. College savings plans and prepaid tuition plans let you set aside money for college that will grow tax deferred and be tax free at withdrawal at the federal level if the funds are used for qualified education expenses.
Read the article The Benefits of Tax-Advantaged and 529 Savings Vehicles from our partners at Woodbury Financial to gain a better understanding of your savings options. Contact Jeff Feakes at (720) 858-6285 for assistance in navigating your portfolio choices.
Securities and Investment Advisory Services offered through Woodbury Financial Services, Inc., Member FINRA, SIPC and Registered Investment Adviser. COPIC Financial Service Group and Woodbury Financial Services, Inc. are not affiliated entities.
Overview of the Status of the ACA and AHCA
The question of repealing and replacing the Affordable Care Act (ACA) has been front page news for months. However, after the American Health Care Act (AHCA) was pulled from consideration in March, it appears health care reform may be on the back burner for now.

At the heart of this debate is the question of where individuals can buy health insurance? To understand the ongoing battles about the individual or non-group-markets and their reform, three points should be considered. 
  1. These markets were distressed before the ACA was enacted. 
  2. The ACA improved their functioning, but was not sufficient as passed and implemented to stabilize all of them. 
  3. The reforms that are needed to improve individual markets include greater balance between premium subsidies and penalties for not having coverage, using proven mechanisms for stabilizing risks such as reinsurance, and accelerating efforts to control the costs of health care services. To date, the political will to adopt these changes is not there. 

Read the article Where Both the ACA and AHCA Fall Short, and What the Health Insurance Market Really Needs from the Harvard Business Review for an in-depth look at these issues.

While the political environment of health insurance remains uncertain, COPIC FSG is here to help you navigate your health insurance needs. Contact Andrea Levine at (720) 858-6287 with your questions.

Renewing Your Lease: What to Know
Leases and renewals are not typically conducted on a level playing field. After all, the landlord is in the real estate business and most doctors are not. By planning ahead and having professional representation, it is possible to negotiate a lower lease rate and receive a substantial tenant improvement allowance and other benefits.

The advisers at Carr Healthcare Realty have prepared answers to the following FAQs to help you better prepare for lease negotiating:  
  1. How does the lease renewal process work?
  2. When should the process begin?
  3. What type of cost savings can be achieved through a successful renewal?
  4. What are some common mistakes practices make during the process?
  5. How do I calculate what I am currently paying per square foot? 
COPIC FSG can connect you with resources needed for contract negotiation, practice appraisal, and leased-space negotiations. Contact Sue Swanson for more information.
Even if you are not currently in the market for insurance
products, we are always available to help make sure you are
getting the best coverages at the best prices. Call us at
(720) 858-6280!


Sue Swanson
President, COPIC Financial Service Group
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Copyright 2017 by the COPIC Trust. All rights reserved. No part of this publication can be produced or transmitted in any form or by any means without written permission from the publisher.

  COPIC Financial Service Group, Ltd. is an insurance brokerage firm representing a variety of insurance carriers. Products offered by COPIC Financial are not issued by COPIC Insurance Company.