With pensions on the decline, most modern workers need to rely on their own savings to amass enough money for retirement. One of the most powerful tools available is a tax-advantaged retirement savings program designed to encourage employees to put money away for the future, known as a 401(k) plan.
This week I’m going to drop the personal off of personal finance to write a little bit about something that has become a hot topic locally.
Recently the Fort Collins City Council approved a financing package for the redevelopment of the Foothills Mall that included Tax Increment Financing, or TIF for short. This package in particular has brought about a lot of local commentary even though the City has used TIF and other tax offsets in the past.