RSSCategory: Articles

Jun

13

Sandy City Resident asks, “How Can You Make Your Retirement Money Last?”

These spending and investing precepts may encourage its longevity. All retirees want their money to last a lifetime. There is no guarantee it will, but, in pursuit of that goal, households may want to adopt a couple of spending and investing precepts. One precept: observing the 4% rule. This classic retirement planning principle works as […]

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Jun

6

Draper City resident asks, “Why Are We Saving More and Spending Less?”

Have our memories of the Great Recession altered our habits? Consumer spending accounts for more than two-thirds of economic activity in the United States. Lately, that spending has moderated. Across the 12 months ending in March, personal spending advanced 3.4%. That matched the gain seen in 2015.1,2 Is a 3.4% annualized gain in personal spending […]

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May

23

How Millennials Can Get a Good Start on Retirement Planning

Some simple steps may make a major financial difference over time. If you are younger than 35, saving for retirement may not feel like a priority. After all, retirement may be 30 years away; if your employer does not sponsor a retirement plan, there may be less incentive for you to start. Even so, you […]

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May

16

Sandy City resident asks, “When Should I Tell My Beneficiaries About My Accounts and Policies?”

Let them know how they will receive retirement assets and insurance benefits. Will your heirs receive a fair share of your wealth? Will your invested assets go where you want them to when you die? If you have a proper will or estate plan in place, you will likely answer “yes” to both of those […]

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May

9

Draper City Resident comment, “I’m Retire, But My Spouse Still Works”

That development may mean lifestyle as well as financial adjustments. Your significant other may retire later than you do. Sometimes that reality reflects an age difference, other times one person wants to keep working for income or health coverage reasons. If you retire years before your spouse or partner does, you may want to consider […]

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May

2

South Jordan City resident asks, “Should I Downsize for Retirement?”

Some retirees save a great deal of money by doing so; others do not. You want to retire, and you own a large home that is nearly or fully paid off. The kids are gone, but the upkeep costs haven’t fallen. Should you retire and keep your home? Or sell your home and retire? Maybe […]

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Apr

25

Sandy City resident asks, “Is volatility risk?”

The two should not be confused. What is risk? To the conservative investor, risk is a negative. To the opportunistic investor, risk is a factor to tolerate and accept. Whatever the perception of risk, it should not be confused with volatility. That confusion occurs much too frequently. Volatility can be considered a measurement of risk, […]

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Apr

18

Draper city resident asks, “Could Social Security Really Go Away?”

Just how gloomy does its future look? Will Social Security run out of money in the 2030s? For years, Americans have been warned about that possibility. Those warnings, however, assume that no action will be taken to address Social Security’s financial challenges. Social Security is being strained by a giant demographic shift. In 2030, more […]

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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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