RSSCategory: Articles

Apr

11

Utah Financial Planning with Health Insurance in Mind

How much might health care cost you someday? “Financially speaking, what would be the worst thing that could happen to you?” If you ask a hundred people in their forties that question, you may get a dozen different answers. Some may say “my business going under” or “losing my house.” Some might say “a divorce,” […]

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Apr

3

Salt Lake City resident asks, “Should You Plan to Retire on 80% of Your Income?”

Examining a long-held retirement planning assumption. A classic retirement planning rule states that you should retire on 80% of the income you earned in your last year of work. Is this old axiom still true, or does it need reconsidering? Some new research suggests that retirees may not need that much annual income to keep […]

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Mar

28

South Jordan City resident asks, “How to reduce the risk of outliving his money?”

What steps might help you sustain and grow your retirement savings?  “What is your greatest retirement fear?” If you ask retirees that question, “outliving my money” may likely be one of the top answers. Retirees and pre-retirees alike share this anxiety. In a 2014 Wells Fargo/Gallup survey of more than 1,000 investors, 46% of respondents […]

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Mar

14

Sandy City resident asks, “Should I Retire Now or Later?”

Today’s retirees must be more self-reliant than their predecessors. Decades ago, retirement was fairly predictable: Social Security and a pension provided much of your income, you moved to the Sun Belt, played tennis or golf, and you lived to age 70 or 75. To varying degrees, this was the American retirement experience during the last […]

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Mar

7

Consider an IRA Charitable Rollover

If you want a tax break and want to help a non-profit, this may be a good move. Have you ever wanted to make a major charitable gift? Would you like a significant federal tax break in acknowledgment of that gift? If so, an IRA charitable rollover may be a good financial step to take. […]

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Feb

29

The Chapters of Retirement for South Jordan residence

The five phases of life after 50 for South Jordan residence & the considerations that accompany them. The journey to and through retirement occurs gradually, like successive chapters in a book. Each chapter has its own things to consider. Chapter 1 (the fifties). At this stage of life, retirement becomes less like a far-off dream […]

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Feb

22

Sandy City resident asks, “Why Should We Stay in Stocks in 2016?”

One bad trading day is not the year. The stock market has wavered recently. A lackluster year just ended, and this year has started inauspiciously. You may be wondering … should you really be invested in stocks right now? Yes, you should be. In moments like these, investors should not panic and overreact to the […]

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Feb

15

Making and Keeping Financial Resolutions

What you might do (or do differently) in the months ahead? How will your money habits change in 2016? What decisions or behaviors might help your personal finances, your retirement prospects, or your net worth? Each year presents a “clean slate,” so as one year ebbs into another, it is natural to think about what […]

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Feb

8

Smart Financial Moves in Your 20s, 30s, 40s & 50s

What might you think of doing when? If you had a timeline of the financial steps you should probably take in life, what would it look like? Answers to that question will vary, but certain times of life do call for certain financial moves. Some should be made out of caution, others out of opportunity. […]

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Feb

1

Are Gen Xers Planning for Retirement the Right Way?

Some are planning wisely, but others are beset by mistakes. Generation X has become the new “sandwich” generation. Many Americans born during the years 1965-80 are finding themselves caring for aging parents and growing kids at once, with little time to devote to their personal finances or their retirement planning. Broadly speaking, that time shortage […]

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