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.

10/26/2026

Planning to retire before 65? There's one major expense you can't overlook.
Health insurance. 🏥

Medicare generally doesn't begin until age 65, which means early retirees need a plan to cover healthcare costs in the meantime.

And depending on your age, income, and coverage needs, those costs could make a significant difference in your retirement budget.

So what are your options for bridging the gap?

Brian Colvert, CFP®, shares what to consider before leaving employer-sponsored health insurance behind.

💬 If you retired before 65, how did you handle health insurance?

10/26/2026

What if you're saving TOO much for retirement?💰

Most financial advice focuses on saving more, investing more, and building a bigger nest egg.

But there's another side to retirement planning that doesn't get talked about enough.

What if your focus on saving is causing you to miss opportunities to enjoy your money today? Or what if you're working longer than you actually need to?

A good financial plan isn't just about accumulating wealth. It's about understanding when you have enough to start living the life you've worked so hard for.

💬 Would you rather retire earlier with less money or work longer for a bigger portfolio?

10/25/2026

How much should you convert to a Roth IRA each year?

Roth conversions can be a powerful retirement tax planning strategy, but converting too much at once could leave you with a bigger tax bill than you expected. And converting too little could mean missing an opportunity to reduce future taxes.

The key is understanding how much makes sense for your specific financial situation, including your income, tax bracket, and retirement timeline.

Brian Colvert, CFP®, explains what to consider before making your next Roth conversion.

💬 Have you started converting any of your traditional retirement savings to a Roth?

10/25/2026

Some of the most popular financial advice might not be as good as you think.

Brian Colvert, CFP®, ranks each one from 1 to 10

💬 Which piece of financial advice would you give a perfect 10/10?

10/24/2026

Could your 401(k) create a massive tax problem in retirement?💰

You've spent decades contributing to your retirement accounts and watching them grow. But what happens when the IRS requires you to start taking withdrawals?

Required Minimum Distributions (RMDs) can create unexpected tax consequences, especially for retirees with substantial savings in traditional retirement accounts.

The bigger question: Is there something you should be doing before retirement to prepare?

💬 Are you planning for future RMDs, or are you waiting until you're required to take them?

10/24/2026

💰 Why is so much of your Social Security taxed?

You paid into Social Security your entire career. So why are you paying taxes on it in retirement?

Here's what many retirees don't realize: Income from your 401(k), IRA, rental properties, and even certain Roth conversions can cause more of your Social Security benefits to become taxable.

In fact, up to 85% of your Social Security benefits could be subject to federal income tax.

The key isn't necessarily earning less in retirement. It's understanding how different income sources work together and planning withdrawals strategically.

💬 Do you think Social Security benefits should be taxed?

10/23/2026

Should you max out your HSA before contributing more to your 401(k)?

Most people think of a Health Savings Account (HSA) as a way to pay for medical expenses. But it can also be a powerful tool for building long-term wealth.

With unique tax advantages and the ability to invest your contributions, an HSA deserves a closer look when deciding where to put your retirement savings.

But should it take priority over your 401(k)?

Brian Colvert, CFP®, shares how he thinks about this decision.

💬 Which account are you prioritizing?

10/23/2026

🏠 Should you pay off your 3% mortgage early or invest the extra money instead?

It's a debate that comes up often in financial planning. On one hand, there's the peace of mind that comes with being debt-free. On the other, there's the potential opportunity cost of putting extra money toward a low-interest mortgage.

But is this really just a numbers decision? Brian Colvert, CFP®, shares his take on how to think through this choice.

💬 What would you do? Pay off the mortgage or invest the difference?

10/22/2026

Should you buy an annuity before retirement?

Annuities are one of the most debated products in retirement planning. Some people love the idea of guaranteed income, while others worry about high fees, limited flexibility, and complicated contracts.

But are annuities actually a good investment, or are there better ways to create retirement income?

Brian Colvert, CFP®, shares his perspective on what to consider before making this decision.

💬 Would you ever consider an annuity as part of your retirement plan?

10/22/2026

When will you pay the least in taxes during retirement?

Your tax situation can change significantly once you stop working. But not every year of retirement is taxed the same. Depending on when you claim Social Security, start taking retirement account withdrawals, and how you structure your income, some years may offer valuable tax planning opportunities.

Knowing when those opportunities arise could make a meaningful difference in how much of your retirement savings you keep.

💬 Have you thought about how your taxes might change once you retire?

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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