Guest Contributor: KristiLyn Wilkinson, M.S. USU Extension Empowering Financial Wellness Program Manager ![]() Welcome to Part 3 of 3 in this series on financial health for women and “working out” your retirement! Did you miss Part 1 or Part 2? Don't miss them! ... Now that you have decided which IRA type is right for you, how do you go about opening one? There are multiple different kinds of accounts that can be designated an IRA; mutual funds, stocks, bonds, CDs, saving accounts, etc. Think about your IRA as being a cookie jar. You can put a variety of different cookies into the jar. The type of “cookies” or “investments” you put in the jar depends on what your long-term goals are. Then think about writing on the cookie jar either “traditional” or “Roth” and this will let you know what kind of tax benefit you are going to get on the cookies in your jar! Are you thinking about downing a package of Oreo’s yet? Because I am!
0 Comments
Guest Contributor: KristiLyn Wilkinson, M.S. USU Extension Empowering Financial Wellness Program Manager ![]() Welcome back to Part 2 of 3 in this series of financial health for women and “working out” your retirement! If you read Part 1, I know you are anxiously waiting in your stretchy pants to jump right in, so here we go! What is an IRA? IRA stands for individual retirement account. There are two kinds of IRA’s, the traditional and Roth. I will break each of these down so you can decide which one is best for you. Click "Read More" below to keep reading! Guest Contributor: KristiLyn Wilkinson, M.S. USU Extension Empowering Financial Wellness Program Manager ![]() In honor of celebrating women and our financial health, I want to talk about one area of our budget that might be a little weaker than the rest, saving for retirement. It is so important but is something we often put aside thinking “I will deal with this later”. It doesn’t impact our immediate financial situation, so it can be easy to not give it the proper attention and strengthening that it needs. But what happens to our muscles if we don’t consistently use them? They aren’t in the healthy condition we need them to be in when we need to use them. You know what I am talking about…that time you suddenly decided to go on a five mile hike with friends, even though you regularly circle the parking lot waiting until the closest spot to the store becomes available so you don’t have to walk very far, and then lie in the fetal position for two days with legs on fire after said hike... AMANDA H. CHRISTENSEN, AFC, USU EXTENSION ASSOCIATE PROFESSOR, UMM EDITOR Clearly, it’s important that all adults have a rudimentary understanding of money management. You don’t have to dig too deep to see the critical issues that make this all the more important for women. Research shows specific issues that make it CRITICAL for women to understand the basics of personal finance are threefold: they live longer, are more likely to stop working mid-career, and they earn less. Let’s break down the “So What?”
![]() Hey, hey Utah Money Moms! Liz here! I wanted to tell you about one of the books listed on the Utah Money Moms Resource Page, The Automatic Millionaire. I first read this book as a freshman at Utah State and was surprised at how much I liked it! I recently reread the book and wanted to share with you 3 reasons why it’s a good option for anyone looking for a financial boost. |
amandaBlog editor and Accredited Financial Counselor sharing real-life money smarts that can help you stay on track with financial goals while still enjoying life! AS SEEN ONawards1st Place National Award in Social Media Education from the National Extension Association of Family and Consumer Sciences
Gold Award in Blog Site category at the 7th annual Education Digital Marketing Awards.
Silver Award in New Media category at the 34th annual Educational Advertising Awards.
Platinum Award in Digital Media, Web Design category at the International Marketing and Communication Awards.
Follow the fun on InstagramCategories
All
|