The 55 Guide - Las Vegas

Page 1

LAS VEGAS NEVADA | VOL. 1

INSIDE THIS ISSUE: FEATURED ARTICLES

RETIREMENT • INVESTING • VACATION

RECOMMENDED SERVICE DIRECTORY

TRAVEL • LIVING • HEALTH • DINING

READ THIS ISSUE ONLINE. SCAN THE QR CODE


CO NTE NT S FEATURES 2

Luxury Living

6

Investing For The Future

8

Senior Living

12

Destination Vacations

14

Travel In Style

2

30

22 Local Event Guide 30 Saving For Retirement 33

Recommended Service Directory

• Promote your brand • Earn new clients • Grow your business www.The55Guide.com


1


L A S V EGA S | NE VA DA | VO L . 1

LUXURY

LIVING IDEAS

Upgrading your home is only limited by your imagination and budget. Is it a luxury bath, fabulous kitchen, incredible master suite or home theatre that you desire?

KITCHEN Your kitchen is probably the heart of your home. This is where memories are made and shared as families love to congregate in the kitchen. The possibilities are endless. White is the most popular color for cabinetry but combining cabinet colors is the latest trend in kitchen design. Blues and greens are also becoming popular. Quartz is the latest for countertops and islands. Commercial-grade appliances, extra sinks and dishwashers all add to the luxury kitchen. Also popular are pizza ovens, appliance garages, warming drawers and under- counter refrigerators for wine and other drinks. If you have space, consider a butler’s pantry which acts like a second kitchen - great for caterers or just an extra space for food prep without disturbing the main kitchen area.

BATH For a luxurious bath, create a spa-worthy retreat. Consider heated floors and towel racks, a steam shower and a large soaking tub. Create a separate water closet for the latest in remote controlled toilets that feature a night light, bidet and self cleaning feature. Turn a great piece of furniture into your double sink vanity for a sophisticated look. And why not have a sofa and television for added ambiance.

(...continued on page 4)

2


3


L A S V EGA S | NE VA DA | VO L . 1

MASTER SUITE Add a mini-kitchen which includes a small fridge and coffee bar along with a sitting area so that you can enjoy your wine or coffee first thing in the morning or at the end of the day. Fireplaces are another nice touch for a romantic setting. If your home is equipped with gas, they are an easy addition.

LUXURY

LIVING IDEAS

MOVIE ROOM If you have a spare room, create your own private theatre with a high-definition flat screen tv, surround sound and theatre seating. A popcorn machine and fridge for drinks are nice additions. 4



L A S V EGA S | NE VA DA | VO L . 1

INVESTING FOR THE FUTURE Not many people stumble into financial security through sheer luck: a lottery win, big inheritance, or huge stock winnings. For most of us the only way to financial security is a long term plan of saving and investing. Consistency is key to reaching long term goals no matter your income. The sooner you start saving and investing, the longer your money has to compound and grow. Set goals for how much of your income you will invest monthly and stick to it. Keep investment money and cash reserves separate so you won’t dip into your investment account when the market is down. Keep expenses low and spend on what is really important to you whether it is experiences or material things. Try to avoid the big mistakes, like buying a home that is more than you really need or creating a heavy debt load. If your employer offers a matching 401(k) contribution, be sure to take advantage of that option and contribute at least enough to receive it. It is essentially 6

extra income that will grow and compound and is not taxed until you withdraw it. You can do it yourself but it probably makes more sense to work with a financial advisor who is more knowledgeable about financial markets. An advisor will help analyze short term vs long term needs, separate emotions from objectives as well as help with devising a portfolio and strategy suitable for your needs. Investing consistently over the long term is the best way to grow your wealth as there is no way to time the market.


7


g n i v i L r o i n e S

L A S V EGA S | NE VA DA | VO L . 1

RETIRE WITHOUT CHANGING YOUR LIFESTYLE

Today’s upscale senior communities offer “resort style living” which is hospitality-oriented and resembles a 4-star hotel or cruise ship rather than a hospital or retirement home. Amenities Some of the more luxurious communities at the deluxe level even feature lively bars with chandeliers and overstuffed pillows. More standard amenities include:

Activities: Education and Entertainment, Fashion shows, Lectures from retired professors and various social and cultural events which are all examples of regularly planned activities for residents at higher-end facilities. In urban settings, planned outings to the city for museums, art galleries or theater visits are frequent occurrences as well. Grounds-keeping: Luxury communities are beautifully designed on the outside as well, from gardens to ponds to putting greens and walkways. Many include well-appointed courtyards for residents to socialize, relax, or enjoy a meal. Concierge Service: Offering ‘Concierge Service’ is what makes a Senior Living community a Luxury one. Similar to a hotel concierge, a resident can use the Concierge to arrange hotel flights or tickets to events, a service that makes these luxury communities clearly more desirable to prospective residents and their families. 8

Modern Therapies: Assisted living communities offer personal care to their residents, and the best communities often offer top notch therapy on top of standard care. In addition to specialized pet and physical therapy, upscale communities often also provide top notch occupational therapy, and music therapy, and always from trained and certified professionals. Residences: The kitchen is the focal point of any home and it’s no different when looking at the residence at an Assisted Living community. A standard assisted living apartment has a kitchenette, traditionally including a mini-fridge, a microwave, and a small amount of cabinet and counter space. The luxury assisted living residences feature full kitchens and appliances plus top of the line finishes, like granite counter tops for instance. (... continued on page 10)


9


L A S V EGA S | NE VA DA | VO L . 1

Dining: An upscale senior living community will most likely retain a registered dietitian on staff and employ experienced chefs who serve gourmet meals. Choice and variety are crucial for the success of a kitchen at a luxurious community and most have more than two restaurants within the community, each with their own menus. Personal Fitness Trainers and Recreational Facilities: Recreation rooms are always available to use at the residents’ convenience, with computer labs, fitness rooms and cinemas. Fitness programs supervised by physical therapists and personal trainers are also kept on staff by any upscale community. High-end assisted living communities also provide full service spa treatments, beauty salons for the women and barbershops for the men. Additionally, no luxury assisted living community would be complete without a heated pool and spa, which are always popular with residents. Pet Friendly: Studies have shown that pet ownership has been shown to be beneficial to seniors, and more and 10

more luxury communities are open to allowing residents to have their pets on site. There can sometimes be limitations regarding the size and number of pets. They frequently provide pet care such as dog walking, nail clipping, grooming and litter-box changes as well as formal, certified pet therapy. Spacious Apartments: One can expect about 20% more square footage at a Luxury community (approx 600 sf versus 500 sf at a standard community). A Two bedroom apartment at an upscale community can be more than 1200 square feet. Clearly, senior living is not what it was years ago. And for the retiree with means, it can be a lively, active, and rewarding lifestyle full of growth and fun!



L A S V EGA S | NE VA DA | VO L . 1

TRENDING LOCATIONS TO VISIT THIS YEAR

Destination

Vacations

If you are looking for an exciting and affordable travel destination, consider the following locations. 1. Hawaii is a tropical paradise loved by all. It offers a rich marine life, unmatched underwater experiences, gorgeous landscapes, volcanoes, and interesting history. Of the six largest islands, Maui has the state’s most beautiful beaches - some with white sand and others with red or black sand. Oahu has Hawaii’s largest city and capital, Honolulu, which is known for Waikiki Beach and Pearl Harbor’s World War II memorials. The weather is perfect and there are endless opportunities for adventure. 2. Barcelona is both a beautiful city as well as a renowned beach town. It boasts a lively nightlife, lots of activities, and restaurants galore. There are amazing museums and galleries; Including the Picasso and Salvador Dali Museums, La Sagrada Familia, and other buildings by renowned architect Antoni Gaudi. Las Ramblas, the main walking street ends with a monument to Christopher Columbus honoring his discovery of the new world. 3. The Bahamas, which is made up of a series of islands, has the clearest turquoise water on the planet, as well as white sandy beaches.

12


L A S V EGA S | NE VA DA | VO L . 1

Underwater adventures abound -

restaurants, exciting night life and a

dive for Spanish galleons, seek out

24 hour a day culture.

the caves, or go sailing or fishing. The Bahamas offers a plethora of Eco-

History abounds and there are

tourism options, from bird watching

interesting museums including the

to hiking.

Tel Aviv Museum and the Eretz Israel Museum which covers archeology,

Nassau offers a few cultural sites

folklore, crafts and features an on-

like

the

site excavation of 12th century-BC

addition

ruins. Tel Aviv is also the technology

Ardastra

Conservation

Gardens center,

in

and

to being the capital city, but the

and financial center of Israel.

Bahamas is great for island hopping as well. Or just pick one of the great resorts and relax at the beach. 4. Tel Aviv, known as the non-stop city, is a vibrant and exciting city on the Mediterranean Sea. It offers beautiful beaches, great cafes and 13


L A S V EGA S | NE VA DA | VO L . 1

Travel in Style – by Bonnie Roseman

If there’s anything I’ve learned in my 35 years as a stylist, it’s to “carry on,” and by that of course, I mean take a carry-on bag! In order to make travel easier for my busy clients, I’ve spent years developing techniques to make traveling simple and fun. A carry-on bag is key to making your journey more enjoyable; no more hauling multiple bags, or worrying about losing your luggage, which can ruin your trip before you even begin! In my most recent trip abroad, I traveled to the Scandinavian countries before flying to Greece for a little sun in the Cycladic Islands. After that, it was off to Italy and over the Alps. All the while, I had just one bag with me. 14

(... continued on page 18)


15


16


17


L A S V EGA S | NE VA DA | VO L . 1

To make the most of your luggage space, I suggest you wear your jeans and sneakers, and carry your leather jacket while you travel, to save space in your bag. Roll all items tightly! It saves space, and keeps everything from wrinkling. I usually prefer to stuff my undies and socks in my shoes. Select pieces with fabrics that can wash and hang to dry without needing to be pressed – it’s easier to keep things fresh and avoid using foreign cleaners that can be very expensive. Here are the basics for 6 weeks of traveling abroad across different climates. This short, gender-neutral list includes the basics for a great travel wardrobe. I recommend that your main wardrobe color for travel be black. It looks slimming on everyone, and doesn’t show dirt as easily. A few colorful tee tops can be added to give a little zip to your ensemble. All of these items will fit into your carry-on luggage and provide options for mixing and matching stylish looks while you see the world. You can then personalize your list by adding your toiletries, gloves, hat, or other essential accessories as needed.

TRAVEL WARDROBE Underwear 6 undergarments 6 pairs of socks Pajamas (your choice) Outerwear 2 tee shirts 2 button down shirts (one dressy, one casual) 2 pairs of pants (one jean, one black trouser) 1 pair of shorts 2 jackets (one leather, one raincoat) 1 cashmere sweater (pullover or cardigan) 1 bathing suit 1 basic black blazer (can be worn day or night) Accessories Scarves (colorful, lightweight) Belts (at least one black) Jewelry (a few pop pieces) 1 tie (traditional or bow tie) Shoes One heel or dress shoe One pair of flats (for day or night) One pair of sandals

Feel good, and look even better! Please contact me personally if you have any questions or would like to see my unique travel collection which can be dressed up or down. Bonnie@bonnieroseman.com | www.bonnieroseman.com | 917-209-0516 Bonnie Roseman Bio Fashion Designer. Style Consultant. Wardrobe Architect. The press has designated Bonnie Roseman as the ultimate fashion expert over the years. Featured on the NBC Today Show, People Magazine, and more, Roseman furthered her B-L-T brand by presenting her collection through the Home Shopping Network and Home Shopping Europe. Bonnie Roseman’s BLT has evolved into a full service boutique for women of all body types and lifestyles, featuring wrinkle-free fabrics and unique accessories that pack well and travel lightly wherever you go. Schedule with Bonnie and she’ll tell you all the secrets she’s been telling her clients for over 30 years. 18


19



21


LOCAL EVENTS GUIDE

LAS VEGAS AUGUST

AUG 1 | Namaste Sippin’ By the Pool - The Wine Yoga Experience Sip your vino from an adult sippy cup, cheers your neighbor, and discover gentle yoga poses in this experience. Perfect for beginners, bachelorette bashes, and those wanting a fun activity to unwind and de-stress. For more info visit: http://bit.ly/lv-aug1-sippin AUG 14 | Wine Dinner - Tour of Argentina We will be featuring 5 Amazing Wines from Argentina perfectly paired with a 5 course meal. Doors open at 6:00 PM with Dinner starting promptly at 6:30 PM. For more info visit: http://bit.ly/lv-aug14

SEPTEMBER

SEPT 20 | Life is Beautiful From the moment the gates open until the last stream of confetti rains down; a surge of electricity courses through the urban streets. Positivity prevails, culture and creativity thrive, and transformation occurs. Experience the stages, dance to the music, hear stories, try the food, hug a new friend, explore the art, and meet people who will change your life. For more information visit: http://bit.ly/lv-sept20

22

SEPT 27 | 47th Annual Las Vegas Greek Food Festival Festival features continuous Greek dancing to two live Greek Bands; fabulous Greek cuisine; Greek shops with clothing, jewelry, art, cultural and religious items; Church tours and a great children’s fun zone. For more information please visit: http://bit.ly/lv-sept27 SEPT 28 | Grapes & Hops Festival Sample fine wines, a unique selection of beers and food from some of Las Vegas’ finest restaurants–while helping to raise money for a good cause–at the Springs Preserve’s annual Grapes & Hops Festival. Kicking off Breast Cancer Awareness Month, a portion of ticket sales from this event benefit Par for The Cure,(Opens another site in new window) a non-profit organization dedicated to raising funds for breast cancer research. For more info visit: http://bit.ly/lv-sept28

OCTOBER

OCT 4 | Las Vegas Food & Wine Festival A night of food, wine, beer and spirits at Tivoli Village Las Vegas get ready for the Las Vegas Food & Wine Festival GRAND TASTING EVENT! For more information visit: http://bit.ly/lv-oct4

(. . .continued on page 24)


This is how you say it’s going to be okay. Every 8 minutes the American Red Cross responds to a disaster and makes this promise. You can help us keep it.

Donate today at redcross.org

23


LOCAL EVENTS GUIDE

LAS VEGAS

(. . .continued from 22)

OCT 5 | Las Vegas Water Lantern Festival Enjoy a fun day at the park filled with yard pong, corn hole, face painting, good food, music, vendors, and then relax by the fire pits with your friends and family as you write your messages on lanterns to say goodbye to a departed loved one, make a wish to the universe, or write down and release something that�s been weighing you down. Finally just after dark celebrate life with the breathtaking display of the water lanterns. For more info visit: http://bit.ly/lv-oct5 OCT 11 | Haunted Harvest Spooktacular fun for all ages awaits those who dare enter the Springs Preserve’s annual Haunted Harvest. The family-friendly event features trick-or-treat candy stations to visit throughout the “Bootanical” Garden, carnival games, a hay maze and petting zoo, monster training, craft activities, live entertainment, food vendors, and much more fun.. For more information please visit: http://bit.ly/lv-oct11 OCT 11-13 | Age of Chivalry Renaissance Festival A medieval kingdom will take over Sunset Park with lavishly costumed knights, knaves, fine ladies and wenches as Clark County Parks and Recreation present the annual Age 24

of Chivalry Renaissance Festival. Several stages will feature entertainment with costumed performers presenting more than 50 shows per day along with historical re-enactments, jousting tournaments, medieval pageantry and more than 100 artisans - including blacksmiths, stained glass designers, jewelers, wood workers, toy makers, perfume blenders, stone carvers and sword, dagger and armor craftsman -- to demonstrate and sell their wares. Authentic food, from fish and chips to an English feast, also will be available as well as beer and ales for adults with proper identification. For more information please visit: http://bit.ly/lv-oct13 OCT 31 - NOV 2 | 75th Annual California Saddle Horse Futurity Don’t miss the 75th Annual California Saddle Horse Breeder’s Association Futurity Horse Show at the Equestrian center at the South Point! For more information visit: http://bit.ly/lv-oct31

NOVEMBER

NOV 1-3 | Dia de Muertos Celebrating a centuries-old tradition rooted in Latin American cultures, the Springs Preserve will present its colorful 11th annual Día de Muertos (Day of the Dead) event. This 3,000-year-old Hispanic celebration honoring loved ones is full of joy (. . .continued on page 26)


READ THIS ISSUE ONLINE. SCAN THE QR CODE

Promote your brand

Earn new clients

Grow your business

www.The55Guide.com/LasVegas

25


LOCAL EVENTS GUIDE

LAS VEGAS

(. . .continued from 24)

and tradition. This family-friendly event blends rich customs with exciting activities such as live theater and dance performances, altars, mariachis, face painting, sugar skull decorating and an art exhibition. For more information please visit: http://bit.ly/lv-nov1 NOV 7 | The MOB of Las Vegas We are a fun and focused group who believe that success in business is based on positive relationships. For more information visit: http://bit.ly/lv-nov7 NOV 9 | Veterans Expo - Las Vegas This Expo is an opportunity for veterans to learn more about the many resources, benefits, products and services available to them by local organizations. For more info visit: http://bit.ly/lv-nov9 NOV 16-17 | Air & Space Expo Aviation Nation returns to Nellis Air Force Base as we salute our veterans. Aerial performers include the USAF Thunderbirds, C-17 Demo, F-22 Demo, MV 22 and SOCOM Jump team. Displays include T-38, C-17, T-45 Growler, F-15E, Coast Guard. For more information visit: http://bit.ly/lv-nov16

DECEMBER

ALL MONTH | Glittering Lights at Las Vegas Motor Speedway Glittering Lights, the holiday drivethrough spectacular, will brighten Las Vegas Motor Speedway with over three million lights along a 2.5-mile racetrack. For more information, tickets and showtimes visit: http://bit.ly/lv-dec-glitter DEC 13 | Clint Holmes for the Holidays Clint Holmes performs a variety of beloved holiday classics. He has performed across the U.S and is known for his smooth vocals and finesse on stage. For more information visit: http://bit.ly/lv-dec13

JANUARY

JAN 7-10 | CES 2020 Considered the Super Bowl for global consumer electronics and consumer technology, CES is the world’s gathering place for all who thrive on the business of consumer technologies. Expect thousands of exhibitors, showcasing the latest in innovations and life-changing technology across 24 product categories on over 2.6 million net square feet of exhibit space. For more info visit: http://bit.ly/lv-jan7 JAN 18 | Dvorak, Brahms & Smetana The Las Vegas Philharmonic pays homage to the Bohemian fold

26


LOCAL EVENTS GUIDE

LAS VEGAS muisc with three musical vistas. Donato Cabrera conductorn, Albert Cano Smith on piano. Program includes Smetana, Overture to the Bartered Bride, Dvorak, Symphony No. 8 and Brahms, Piano Concerto No.2. For more info visit: http://bit. ly/lv-jan18 JAN 25 | Chinese New Year Las Vegas Known in China as Spring Festival, Chinese New Year is the longest and most important festivity in the chinese lunar calendar. This event is a sight to see. Every year, Las Vegas resorts transform their properties with extravagant displays and elaborate dĂŠcor. For more info visit: http://bit.ly/lv-jan25

FEBRUARY

FEB 15 | Beethoven, Mozart & Britten Inspired by themes of enchanting nights, heavenly angels and starry skies. The French Horn is highlight-

ed in this concert and performed by Bill Bernatis along with Brian Thorsett, tenor and conducted by Donato Cabrera. For more info visit: http://bit.ly/lv-feb15 FEB 16 | Jeff Dunham: Seriously!? Jeff Dunham brings his somewhat inappropriate proteges, Peanut, Walker, Jose Jalapeno, Bubba J and Achmed the Dead Terrorist in his brand new tour, Jeff Dunham:Seriously? to Caesars Palace. For more info visit: http://bit.ly/lv-feb16 FEB 22-23 | Bolero The Nevada Ballet Theater presents a midwinter program that features two engaging ballets with Bolero, choreographed by Nicole Fonte and The Four Temperaments choreographed by George Balanchine. For more info visit: http://bit.ly/lv-feb22

(. . .continued on page 28)


LOCAL EVENTS GUIDE

LAS VEGAS

(. . .continued from 27)

MARCH

MAR 7 | Vivaldi Four Seasons The Las Vegas Philharmonic presents Vivaldi Four Seasons - March into the Stradosphere. Featuring the Stradivari violins which are unmatched in artistic power and sound. For more information visit: http://bit.ly/lv-mar7 MAR 17 | St Patricks Day Vegas There are events at various venues around Vegas - here are some area favorites. Celtic Feis celebration features a parade, food, drink and live entertainment. Ri Ra Paddy Fest features a true Irish pub experience. For more info on all the various venues visit: http://bit.ly/lv-mar17 MAR 18 | National Geographic Live: “Stranger in a Strange Land” Featuring photographer Jodi Cobb, known for breaking barriers and going undercover to reveal hidden societies. She takes the audience on a moving and humerous journey as she chronicles her public and private path from young photojournalist to a world-renounced photographer. For more information visit: http://bit.ly/lv-mar18

APRIL

APR 18 | Taste of the Caribbean Taste of The Caribbean will be held 28

at the Arts District in Downtown Las Vegas. Celebrating Latin, Caribbean, West Indian and Diaspora cuisines with delicious traditional, modern and contemporary cultural dishes. For more information please visit: http://bit.ly/lv-apr18 APR 22 | What Do You Do With An Idea Inlet Dance Theater with its gifted dancers create a magical world where ideas grow and take flight. The show is based on the book by Kobi Yamada which is aimed to inspire children on the value of nuturing and supporting new ideas. For more info visit: http://bit.ly/lv-apr22

MAY

MAY 1 | LV Tap Fest LVTAPFEST returns to continue to explore the tradition of tap in the City of Entertainment because and enlighten the community of dance and it is a business of tap dance mixed with the history and new generations. For more info visit: http://bit.ly/lv-may1 MAY (TBA) | Vegas Uncork’d It’s safe to say Vegas Uncork’d is the biggest culinary event of the year in Las Vegas. Everything culminates at the Grand Tasting at the Garden of the Gods pool at Caesars Palace. For more information please visit: http://bit.ly/lv-may-uncorked


LOCAL EVENTS GUIDE

LAS VEGAS JUNE

JUN (TBA) | Annual Ribbon of Life “Ribbon of Life®” is an original production unlike any other in Las Vegas, featuring custom production numbers from the best singers, dancers and performers from premier shows on the Las Vegas Strip.. For more information please visit: http://bit.ly/lv-jun-ribbon JUN (TBA) | Hopped Taco Throwdown Some of the best chefs in Vegas will join together at Zappos headquarters to serve up their own recipes on fun and inventive tacos. Tacos and craft beer triumphantly rejoice together in an all-inclusive culinary and beer experience created by Motley Brews. Twelve different chefs/restaurants who specialize in different cuisines will compete with one mission in mind: to step out of their culinary comfort zones and create the most amazing, inventive tacos you’ve ever tasted. Hopped

Taco Throwdown will occur at an event venue not often enjoyed by the public: the mystical Backyard at Zappos in Downtown Las Vegas. For more information please visit: http://bit.ly/lv-jun-tacos JUN 15-26 | Restaurant Week Restaurant Week is actually a twoweek stretch in Las Vegas, in which restaurants offer prix fixe menus for fantastic prices. For more info visit: http://bit.ly/lv-jun-restaurant

JULY

JULY 4 | Independance Day Vegas Las Vegas will celebrate our nation’s independence with fireworks, parties, and drinks throughout an extra-long holiday weekend. July 4th falls on a Thursday this year, so expect crowds to linger throughout Vegas a few extra days. Arrive to your viewing venue early to get the best views of this awe inspiring spectacle.


L A S V EGA S | NE VA DA | VO L . 1

10 Year Countdown

To Retirement

Money See Where You Stand - It’s time to assess how prepared, or unprepared, you are financially for retirement. • Take a quick test: Assuming your retirement is about 10 years away, you want to have roughly seven times your current salary in savings, according to research from Fidelity. That puts you on the road to having about 10 times your final salary saved by retirement and maintaining your present standard of living. Retire before hitting 67 and you’ll need more saved; after, you’ll need less. • D . o a deeper dive: Plug your current numbers (such as earnings, savings and future pensions) into an online calculator to estimate your retirement income. Experts say you’ll need 75 to 80 percent of preretirement income to live well — debatable but a good starting point. • D . on’t despair: You have 10 years to act, by earning more, trimming expenses or delaying retirement. “Whatever you can do can only help,” says George Papadopoulos, a financial planner in Novi, Mich.

Save the easy way If you’re among the 82 percent of workers paid via direct deposit, save more by splitting your pay across accounts. Have your payroll department put part of each check into an online savings account, where it’s out of sight and out of mind. The direct-deposit users who split their deposits save up to $90 more per month than those who use another method to save, according to a recent study.

30


L A S V EGA S | NE VA DA | VO L . 1

Pad your nest egg If you already have healthy savings in a 401(k), 403(b) or IRA, open a Roth IRA (in 2019 you can contribute up to $7,000 if you’re 50 or older), or put money into a regular taxable account. •

Why do it? You’re laying the groundwork for lower taxes later. Say you need a new roof on your house in retirement. If you take money from a 401(k) or traditional IRA, it is taxable as ordinary income, and you may end up in a higher tax bracket, explains Carolyn McClanahan, founder of Life Planning Partners. But you can pull your contributions from a Roth IRA tax free (earnings, too, if you’re at least 59½ and have had the Roth at least five years). You can also invest via a basic taxable brokerage account; when you sell securities, you’ll pay only (usually lower) capital gains taxes on the profits.

Pay down the mortgage The problem with a mortgage in retirement is that you may have to sell investments to cover payments. And sometimes that will be when the markets are down - the worst possible time to sell, says Shelley Giordano, chair of the Funding Longevity Task Force at the American College of Financial Services. Her advice: 1. In place of your monthly payments, make half payments every two weeks. Those 26 payments per year are the equivalent of 13 monthly payments, resulting in a faster payoff and lower total interest costs. 2. Got a tax refund? A bonus? A side job? Apply that to your principal. 3. Avoid refinancing your mortgage, since a new loan with a later payoff date means more of your monthly payment goes to interest expense, not an increase in your home equity. 4. Don’t use a home equity loan or line of credit for purchases. The new tax law makes that less attractive, says Giordano. And this is the wrong time to be growing your mortgage debt. (. . .continued on page 32)

31


L A S V EGA S | NE VA DA | VO L . 1

Put new retirement savings to work Not sure where to invest additional money? Aim for growth, somewhere between a trip to Vegas and stuffing cash into your mattress. The sweet spot •. Balanced mutual funds: Seek a mix of stocks and bonds;

a 50/50 or 60/40 ratio of stocks to bonds is reasonable. • Target-date mutual funds: These balanced funds automatically adjust investments to lower risk as you age.

Conservative but sound • High-grade corporate bond funds • Money market accounts • U.S. government bond funds • Certificates of deposit and online savings accounts (See bankrate.com for Federal Deposit Insurance Corp.–insured banks offering higher rates.)

• Series I inflation-protected savings bonds (sold at treasurydirect.gov)

Work Prepare Your Plan B - Ask yourself these questions, and be honest. 1. Do I work in a stable and growing industry? 2. Do I work for a stable and growing company? 3. Is my heart still in it? Have you answered no to any? It’s time to update your LinkedIn profile and see what else is out there.

• Why do it: Only about half of workers cruise their way to a planned, voluntary retirement; the rest of us exit prematurely, often as a result of job loss or burnout. You still have time to regroup. “With 10 years to go, there is still enough runway to make a mark,” says career and retirement expert Nancy Collamer.

• .How to do it: You know the routine. Tell people who can help you. Sign up for job alerts on the go-to site in your industry. Browse the postings that interest you, and note the skills that employers are seeking.

• .Want to stay put? Get busy anyway. “Whether you drive a bus or work in a store or in a professional occupation, maximize your opportunities by building your capital,” Collamer advises. “Give talks or write articles to boost your profile, or take advantage of short-term training programs.” One option: Go to linkedin. com/learning and get online access to thousands of business, creative and technology courses for $30 per month.

32

Miller, Mark and Powell, Robert, AARP (2019, Feb 6). Countdown to Retirement: 10 Years [Web log post]. Retrieved from https://www.aarp.org/retirement/planning-for-retirement/info-2019/10-year-countdown.html


RECOMMENDED SERVICE DIRECTORY

ANIMAL RESCUE & ADOPTION Foreclosed Upon Pets.............................. 25

HEALTH INSURANCE The Barend Agency......................................9

AUTO REPAIR Autospec-LV....................................................1

MEDICAL IMAGING CENTER Pueblo Medical Imaging........................... 19

COLLISION & PAINT CENTER Autospec-LV....................................................1

MEDICARE The Barend Agency......................................9

COSMETICS Merle Norman Cosmetic Studio...............9

NON-PROFIT ORGANIZATION American Red Cross................................. 23 Cystic Fibrosis Foundation Nevada...... 29

DECORATIVE CONCRETE Creative Coatings.........................................3 DIVISION OF PENSION Qdro Masters at Willick Law Group.........5

PRIMARY CARE Family Doctors of Green Valley....... Front Cover, Back Cover

EMBROIDERY High Desert Embroidery.............................9

REGENERATIVE MEDICIINE Regenerative Medicine Institute of Nevada.................................... 11

ESTATE PLANNING Kling Law Offices........................................ 15

RETIREMENT PLANNING Bauman Advisory Group............................7

FAMILY LAW Willick Law Group........................................5

SENIOR LIVING Revel Nevada / Revel Vegas...............16-17

GARAGE FLOORS Creative Coatings.........................................3

SKIN CARE Merle Norman Cosmetic Studio...............9

HAIR SALON The Parlor Aveda....................................... 25

VOLUNTEER OPPORTUNITIES Springs Preserve........................................ 27

HEALTH & WELLNESS Copper Zap.............................................20-21

WATER UTILITY COMPANY Las Vegas Valley Water District............. 27

33



Millions discover their favorite reads on issuu every month.

Give your content the digital home it deserves. Get it to any device in seconds.