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Show Thursday, July 21, 2011 The Gunnison Valley Gazette Time to re-examine your retirement plans? As a nation, we appear to be getting nervous about retirement. We aren't sure if we'll have enough money, and we don't know if we'll be able to retire when we had originally planned. That's why you may want to review your financial strategy both before and during retirement. Before we look at some actions you might take, let's get a sense of how concerned many Americans are about their future: • Less confidence — The percentage of workers who are "not at all confident" about having enough money for a comfortable retirement is now at 27%, according to the 2011 Retirement Confidence Survey, sponsored by the Employee Benefit Research Institute. This figure is the highest level measured in the 21 years of the Retirement Confidence Survey. • Later projected retirement age — Back in 1995, over half of those surveyed in a Gallup Poll said they expected to retire when they were under age 65, while about 15% thought they would retire after age 65. But in 2010, the same Gallup Poll showed that just 29% of survey respondents expected to retire before they reached 65, while 34% planned to work beyond 65. This lowered confidence and the expectation of having to work past 65 are due in part to the Great Recession and the housing market collapse, which combined to reduce the savings of many future retirees. You can't control these types of factors, but you can do a lot to boost your prospects for a comfortable retirement — both before and after you retire. Before You Retire: er employer-sponsored retirement plan, such as a 403(b) or 457(b) plan. Each time you get a raise, boost your annual contribution to your retirement plan. Also, try to fully fund your traditional or Roth Individual Retirement Account (IRA) each year. After You Retire: • Evaluate your employment prospects. You may have retired from one career, but that doesn't mean you can't work part time, do some consulting or even open your own business. If you think you'd enjoy doing some type of work, the added income can obviously be quite helpful at this stage of your life. • Decide when to take Social Security. You can start taking So- cial Security at any time from 62 to 70, but the longer you wait, the bigger your monthly payments. Your decision on when to take Social Security should be based on the amount of income you can expect from a pension or your investment portfolio, plus any income you might receive from employment. •Determine your withdrawal rate. You'll need to calculate how much you can safely withdraw from your various retirement accounts each year. Your withdrawal rate will depend on several factors, including your lifestyle, your estimated longevity, your other sources of income and the level of inflation. You may need to adjust your withdrawal rate periodically. These aren't the only factors involved in preparing for, and living in, retirement, but they should give you a good idea of what you need to do to enjoy the lifestyle you've envisioned. This article was written by Edward Jones for use by your local Edward Jones Financial Advisor. WHEN IT COMES TO YOUR TO-DO LIST Page 5 ThE Outdoor Report Meet the Bats Night, July 30 PRICE, UTAH—The Division of Wildlife Resources will host a Meet the Bats Night event in southeastern Utah on July 30. The event is free of charge and everyone is invited to attend. If you have ever had an interest in bats, this is a once-in-a-lifetime chance to see and even touch as many as five different bat species—including the canyon bat, pallid bat, California myotis, silver-haired bat and hoary bat. To attend, meet at 5:45 p.m. on Saturday, July 30 at the Crescent Junction exit, which is located about 20 miles east of Green River on 1-70. From there, the group will travel another 20 miles to the location where bats will be captured, identified and shown to event attendees. We recommend that you bring a high-clearance vehicle to travel on the road to the capture location. If you don't have a high-clearance ve- hide, you can ride along with DWR personnel. We also recommended that you bring a headlamp or flashlight, a lawn chair, warm clothing, snacks and insect repellent. Those who drive their own vehicle may leave the group at any time. Pre-registration is required because bad weather may require the cancellation of the event. If you have questions or if you would like to preregister, call Brent Stettler at 435-613-3707. The Outdoor Report is Sponsored by: 528-5001 Hwy 89 Northeast of Gunnison Open Monday - Saturday ISHE0..**. 0)9 .N.,, ,4 I l E, OATTERW HITEJ The First Word and Last Name in Log Homes! LOG HOMES (414 • TExAs • :t• °11 Family. Experience. Quality. Think Satterwhite for Log Homes, Rough Lumber, Timbers, Animal Bedding and Firewood PUT YOUR FUTURE FIRST. Decisions made in the past may no longer be what's best for the future. So, to keep everything up to date, we offer a financial review. A complimentary service to all our clients, the financial review is a great opportunity to sit face-to-face with your financial advisor and develop strategies to keep your finances in line with your shortand long-term goals. To find out how to get your financial goals on track, call or visit today. Darin K Frandsen Financial Advisor 446 South Mall Drive B-7 St George, UT 84790 435-627-2159 • Estimate your expenses. Try to estimate about how much money you'll need each year of your retirement. www.edwardjones.com Member SIPC EdwardJ ones • Contribute to your retirement plans. Put as much as you MAKING SENSE OF INVESTING can afford into your 401(k) or oth- A Post Card from JVN in Gunnison to Elder John E. Picket in the Southern States Mission • Aug. 1907 "Gunnison is the same old place only worse. Yours Truely JVN." From the Bridge Looking North (notice the sandbags and flood waters). Sponsored by NOTICE OF PROPOSED TAX INCREASE Centerfield HERMANSEN'S MILL 204 South 1st East • Gunnison 528-3136 Feeds • Grain Storage • Fertilizer Seeds • Farm Supplies • Chemicals HERMANSENS MILL ./ The City of Centerfield is proposing to increase its property tax revenue. - The Centerfield tax on a $125,000 residence would increase from $44.89 to $115.98, which is $71.09 per year. DON'T MISS THE BOAT! • 100% Purchase Money Available Now • Refinance while rates are at AN ALL TIME LOW! - The Centerfield tax on a $125,000 business would increase from $81.63 to $210.88 which is $129.25 per year. - If the proposed budget is approved, Centerfield would increase its property tax budgeted revenue by 158.17% above last year's property tax budgeted revenue excluding new growth. Centerfield property tax revenue from new growth and other sources will increase from $24,776 to $64,000. All concerned citizens are invited to a public hearing on the tax increase. . Call Kenny Ring 801 -89 1-4709 Willow Creek Lending . r • • (formerly Premier Financial) 15 year fixed Convert your year loan IINTEI ST TES even LO w Purchase or refinance as low as 801-891-4799 4.375% 30-Year Fixed* Call and get qualified NOW before it's too late! *APR of 4.92% 30-year term $125,000 loan amount 3.5% Down. Rate subject to change without notice. OAC 11 ),4P WEEK This week's Heap of the Week goes to Melissa Judy! Melissa drives a tan 2008 Honda Odyssey. "Pulled into garage... Kids' bikes in the way...Get out to move the bikes...Car drives through the wall." PUBLIC HEARING Date/Time: 8/3/2011 6:00 p.m. Location: CENTERFIELD CITY HALL 130 South Main Centerfield, UT 84622 To obtain more information regarding the tax increase, citizens may contact Centerfield at 435528-3296. HEAP of the WEEK Is sponsored by: HaC4 si CONOMON4,49 your comfort specialists Factory Authorized Dealer °41• caLl, jed H ELL - 528 3988 - 50 E. HWY 89 - Gunnison Heating & Cooling Systems |
