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Before You Buy a Variable Annuity…
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10 Tips for Retirees in These Difficult Times
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Utah Educational Savings Plan Day
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Are You Living the Stress Free Life You’ve Always Wanted?
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Disability Insurance: Why You Probably Need It

Before You Buy a Variable Annuity…

I got asked the other day what I had against annuities. Let me first explain that my issue has more to do with variable annuities over fixed annuities.  Fixed annuities can serve a legitimate purpose in a retired individual’s portfolio.  (There are options that may be better though). What I do want to address in this entry is:

1) the proper location of one’s investments

2) the tax consequences of investing in a variable annuity.

Too many tax professionals do not have a good sense of the investment side of an individual’s financial life and too many investment professionals do …

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10 Tips for Retirees in These Difficult Times

001 - Couple meeting with AdvisorThe recent economic changes impact everyone and particularly those who are retired. Whether it is a drop in value of your retirement account or decrease in interest rates at the banks, everyone has noticed.

The question is what can retirees do now? Some things are fairly obvious, such as delaying a vacation or just spending less on trips.  Putting off major purchases as long as you can is helpful.  But for more subtle hints a professional opinion is useful.

Here are 10 things retirees can do in these difficult economic times.

1.     Shop your insurance program. There can be large …

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Utah Educational Savings Plan Day

As May 29th has officially been dubbed “Utah Educational Savings Plan Day,” I wanted to quickly review the benefits of utilizing a 529 plan to pay for a college education.

529 plans are a great savings tool because, although contributions are not deductible on a federal tax return, earnings withdrawn from the plan to pay for qualified higher education expenses such as tuition, books, and room and board are tax-free. The definition of “qualified higher education expenses” was expanded to include computers for 2009 and 2010. The tax-free advantage of these accounts can lead to incredible savings. For instance, if …

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Are You Living the Stress Free Life You’ve Always Wanted?

Are You Living a Stress Free Life?Just about everyone that comes into my office has the same concern, but rarely do they know what it is.  They frequently ask about retirement plans, taxes, life insurance, debt reduction or any number of other “financial” topics.  But when I probe deeper, I find that what they’re really after is something else.  They want more out of life, but just don’t ever seem to get it.

Why do so many people feel they’re not on track to living the life they desire?  It’s because they go through life reacting to daily emergencies instead of proactively creating the life they …

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Disability Insurance: Why You Probably Need It

The Life and Health Insurance Foundation for Education makes this declaration annually, but the average person could miss it (start planning ahead for Life Insurance Awareness Month, which comes in September).  Kidding aside, the occasion prompted me to realize that I haven’t ever written about disability insurance, which most people understand only vaguely.

Life insurance is something you probably don’t need if you’re single and have no dependents. But if you become unable to work, you still need money to live whether you have dependents or not.  One way to provide for that need is insurance.

If you’re under 60, …

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