Bonfire Financial

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Bonfire Financial Bonfire Financial is a Registered Investment Advisor & fee-only financial planner

Bonfire Financial is a Registered Investment Advisor and fiduciary financial planning firm based in Colorado Springs, CO, serving clients nationwide. Our team of Certified Financial Planners™ creates personalized financial plans for high-net-worth individuals and families, helping them achieve clarity, confidence, and peace of mind. We start with a comprehensive plan, then manage investments with strategies tailored to goals, risk tolerance, and tax needs. Whether planning for retirement, navigating life changes, or building multi-generational wealth, we offer transparent, objective advice with your best interests first.

10/18/2026

High-yield savings account or CD?

They can look pretty similar on the surface, especially when rates are close. But the better choice may come down to one thing most people overlook.

Before you lock up your cash for a higher rate, make sure you know what you’re giving up.

10/18/2026

Do you really need long-term care insurance? 🏥

For some retirees, it can be incredibly valuable. For others, the premiums may not make sense compared with other ways to prepare for future care.

The real question is not simply whether long-term care is expensive. It is whether insurance is the best way to protect your plan if one spouse eventually needs care.

10/17/2026

Giving to charity in retirement sounds simple, but the way you give can make a big difference.

Writing a check may not always be the most tax-efficient option. There is another strategy many retirees overlook that can potentially satisfy charitable goals and create a tax benefit at the same time.

If you are already giving, this is worth knowing.

10/16/2026

Cash feels safe. But is keeping too much of it actually creating a different kind of risk? 💸

Inflation does not take money out of your account. It slowly reduces what that money can buy.

That can matter a lot more than people realize, especially over a long retirement.

10/16/2026

$500,000 sounds like a lot of money. But is it actually enough to retire at 62?

The answer changes quickly once you factor in withdrawals, Social Security, healthcare, taxes, and how long your money needs to last.

10/15/2026

Does it matter which investments go in which accounts?🏦

Two portfolios can hold the exact same investments and still produce different after-tax results depending on where those investments are held.

More aggressive, higher-growth assets may make more sense in certain accounts, while other investments may be better suited elsewhere.

Your investment mix matters. So does where you put it.

10/15/2026

When is the best time to do a Roth conversion?

For many retirees, the years after retirement but before required minimum distributions begin can create a valuable tax-planning window. 💰🪟

Your income may be lower, which can give you more room to convert pre-tax retirement dollars while managing which tax bracket you land in.

The key is not just whether to convert. It is how much to convert and when.

10/14/2026

Common financial advice sounds smart until you actually run the numbers. 🧐

“Just live off the dividends.”
“My house is my retirement plan.”
“I’m not counting on Social Security.”
“I’ll just do a Roth conversion.”

Some of these can make sense. Some need a lot more context.

The problem is treating a rule of thumb like a retirement plan.

10/14/2026

Will your Social Security checks be taxed in retirement?

Possibly. Depending on your income, up to 85% of your Social Security benefits may be included in your taxable income.

That is why retirement income planning matters. Where your income comes from can affect how much of your Social Security ends up being taxed.

10/13/2026

What happens to your retirement account when the market drops? 📉

You still own the same investments. Their value may be lower on paper, but a downturn does not mean your shares disappeared.

Market volatility can feel uncomfortable, especially when retirement is getting closer. Understanding what is actually happening can help you avoid making an emotional decision at the wrong time.

Address

5755 Mark Dabling Boulevard Suite 220
Colorado Springs, CO
80919

Opening Hours

Monday 9am - 5pm
Tuesday 9am - 5pm
Wednesday 9am - 5pm
Thursday 9am - 5pm
Friday 9am - 5pm

Telephone

+17193943900

Website

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