Vincenza Vicari-Bentley, AFC Empowering Financial Wellness Program Coordinator If you’ve been following along for bit, you know about the 2022 Finance Calendar available as a free download on our site. This resource breaks down important financial tasks with simple things to do each month to improve financial wellness. (Download Here!) One of March’s tasks is to create (or update) a power of attorney. Click to read more about this important estate planning task.
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Amanda H. Christensen, AFC, Extension Associate Professor What does financial health look like at each age? Timing will vary from person to person, but below are suggested financial milestones to achieve at each decade of life. This is not an all-inclusive list, but provides a foundation of things to consider. Milestones achieved at earlier ages, such as a good credit score and an adequate emergency fund, should continue into the following years.
Read my published article HERE Vincenza Vicari-Bentley, AFC, Empowering Financial Wellness Program Coordinator When you read the word “estate” in estate planning, are you thinking only wealthy people need that?
The reality of estate planning is that when you own anything of value, you have an estate- and it’s so important to have a plan in place for it after you pass on. Planning for the worst is actually the best way to protect yourself, the people you love and your valuables. Having an estate plan gives you control over protecting your property and possessions and distributing them after your death so they support heirs and your beneficiaries the way YOU want them to. Your estate plan also protects you. What if you became temporarily incapacitated? Who would handle your affairs? Who would manage your healthcare if you were physically unable to make those decisions? All these decisions can be made as part of your estate plan. We just launched a free new toolkit that can help you take the initial steps necessary to make your own plan. Click HERE to access the Estate Planning Toolkit: A beginner's guide to estate planning in Utah. What better way to say “I love you” during the month of Valentine’s! Melanie Jewkes, Extension Associate Professor ![]() Are you saving for retirement? Do you want to be saving for retirement? Are you looking for strategies to invest more money? Put it off no longer -- the best time to start saving for retirement is NOW. But I get it! LIFE gets in the way sometimes. It doesn’t help that picking a way to invest in retirement can be is complicated. But time is of the essence, and you are literally losing money, and money on that money (compound interest), the longer you put off figuring out how to save for retirement. It is never too late to start saving for retirement. NOW is always better than tomorrow. Here are some strategies to get you on your way to investing in you beginning today. Vincenza Vicari-Bentley, AFC ![]() Congratulations! You’ve decided to put money for your retirement through an account offered by your employer. You’ve taken the first big step but now you may face a much tougher decision: how to invest your retirement savings? You might be overwhelmed with information from your employer and it might be several pages of instructions and advice about things like asset allocation, fund performance, and fees. You probably want a simple answer. However, when figuring out which investments are best for you, there are a few recommended steps: |
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