Category Archives: Retirement
We’re in denial: Americans underestimate their chances of needing long-term care as they get older — and are taking few steps to get ready. A new poll examined how people 40 and over are preparing for this difficult and often pricey reality of aging, and found two-thirds say they’ve done little to no planning. Read More
When it comes to retirement planning, most of the focus is placed on 401(k)s. The reality is that individual retirement accounts represent the largest share of America’s savings. Read More
The Zions Direct TV YouTube channel provides an engaging experience for those looking to begin or enhance their financial education. Isn’t it time you invested in your future? Just push play. Read More
Americans have grown more cautious and disciplined in handling their money since the financial crisis struck in 2008, a survey by a leading mutual fund company suggests. People say they don’t spend as much, save as little or embrace as much risk as they did before the crisis, according to a survey of nearly 1,200 people by Fidelity Investments.
Think you missed out on your 2012 IRA contribution? Think again. Individuals can still make 2012 contributions up until April 15th, 2013 into a traditional or Roth IRA. For those under 50 years old, last year’s contribution limit was $5,000 of their earned income, while those over 50 may contribute up to $6,000. Read More
Calling the shots isn’t always all it’s cracked up to be. But for people above 50, it’s become a more popular choice. Tony Uzzi knows all about that. After 30 years in traditional jobs, at age 52, he accepted a buyout from a pharmaceutical company and went into business for himself. Now, instead of having a fairly predictable schedule as a pharmaceutical salesman, work can interrupt just about anything — even dinners out. Read More
Is it time to retire the idea of a 60/40 portfolio? The strategy has been generally regarded as a good starting point for most investors. ut many experts question whether a mix of 60 percent stocks and 40 percent bonds is suitable. Over the years, 60/40 has become a rough gauge for how to build adequate retirement savings without taking excessive risk. Read More
When drafting your estate plan it is important to focus on multiple facets. Dirk Samson, from Western National Trust Company, explores some of the questions you may want to ask yourself when looking into a will, trust or power of attorney. Read More
Time is running short for Medicare Advantage customers who still need to sort through the smorgasbord of coverage options available for next year.
The annual open enrollment period ends Dec. 7 for these privately run versions of the government’s Medicare program for seniors and the disabled. Read More
Contributions to personal retirement accounts have surged since the Great Recession hit in 2007, according to a study by Fidelity Investments released Tuesday, August 14. Boston-based Fidelity, one of the country’s largest managers of retirement funds, looked at contributions made to the company’s individual retirement accounts from 2007 through 2011. Read More
Reverse mortgages represent an alluring proposition for seniors: Stay in your own home while the bank pays you either a lump sum or a stream of payments to help supplement your retirement income. Read More
For the past three years, Taura Tate’s mornings have revolved around caring for a woman who suffers from the effects of a stroke and diabetes. She cooks her oatmeal for breakfast, helps with showers and makes sure she takes the right medicine. Read More