The 55 Guide - Northern Utah

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NORTHERN UTAH VOL. 1

INSIDE THIS ISSUE: FEATURED ARTICLES

RETIREMENT • INVESTING • VACATION

RECOMMENDED SERVICE DIRECTORY

TRAVEL • LIVING • HEALTH • DINING

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CO NTE NT S FEATURES 4

Destination Vacations

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Luxury Living

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Investing For The Future

10

Senior Living

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Travel In Style

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Local Event Guide

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20 Saving For Retirement 24

Recommended Service Directory

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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.

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Underwater adventures abound dive for Spanish galleons, seek out the caves, or go sailing or fishing. The Bahamas offers a plethora of Ecotourism options, from bird watching to hiking. Nassau offers a few cultural sites like Ardastra Gardens and the Conservation center, in addition to being the capital city, but the Bahamas is great for island hopping as well. Or just pick one of the great resorts and relax at the beach.

History abounds and there are interesting museums including the Tel Aviv Museum and the Eretz Israel Museum which covers archeology, folklore, crafts and features an onsite excavation of 12th century-BC ruins. Tel Aviv is also the technology and financial center of Israel.

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 restaurants, exciting night life and a 24 hour a day culture.

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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. 6


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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. 7


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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 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 8

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.


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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. 10

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.


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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.

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!

Pet Friendly: Studies have shown that pet ownership has been shown to be beneficial to seniors, and more and more luxury communities are open to 11


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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. 12


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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. 13


LOCAL EVENTS GUIDE

NORTHERN UTAH OCTOBER

OCT 23-24 | Bison RoundUp Join us at Antelop Island State Park for the annual Bison Roundup. Cowboys yelling at one another as their horses gallop through dirt and sagebrush. The sharp crack of whips echoing through the air. The thunderous rumble of over 700 Great American Bison charging across an open plain. For more info visit: http://bit.ly/nu-oct23 THRU OCT 20 | Oktoberfest at Snowbird It’s about more than just bending elbows. Oktoberfest at Snowbird is a family-friendly affair with activities, food, and, of course, brews for days — weeks actually. The highly-anticipated festival begins mid-August and lasts through mid-October, taking place every Saturday and Sunday, along with Labor Day. It’s probably the greatest beer festival Utah has to offer, so don’t miss out! For more information please visit: http://bit.ly/nu-oct20

NOVEMBER

NOV 29-30 | Novemberfest This arts and crafts fair features decor, toys, clothing and much more. Baked goods and food will be available for purchase, as well as a few visits from Santa for the little ones. Tickets are $2 per person and 14

children age 5 and under are free. It will take place from 10 a.m. to 6 p.m, both Friday and Saturday at the Riverwoods Conference Center, 635 S. Riverwoods Parkway in Logan. For more information please visit: http://bit.ly/nu-nov29 NOV 30 Ogden Electric Light Parade Ogden’s Electric Light Parade takes place every year on the Saturday after Thanksgiving, with its floats, live bands, and performers decked out in bright lights. It wraps up with the arrival of Santa riding in on his sleigh. The event is free to all and will start at 5 p.m. The parade route runs along 25th Street, between Wall Avenue and Washington Boulevard. For more information visit: http://bit.ly/nu-nov30 NOV 30 - JAN 1 Ogden Christmas Village Come join us for the opening event: Saturday, November 30th. Christmas Village will transform our city center into a winter wonderland themed after Santa’s village at the North Pole and light up downtown Ogden beginning November 30 after the Holiday Electric Light Parade! For more information visit: http://bit.ly/nu-nov30-xmas


LOCAL EVENTS GUIDE

NORTHERN UTAH DECEMBER

DEC 4-7 | Festival of Trees Each year, holiday magic abounds thanks to the help of many hands and a generous community. In a 24-hour period, an empty exhibit hall transforms into a holiday winter wonderland of uniquely decorated Christmas trees, wreaths, playhouses, centerpieces, quilts, and gingerbread houses. Shops are filled with dolls, handmade crafts and quilts, freshly baked cookies and candies, an endless assortment of freshly-made fudge, hot scones, and cinnamon rolls. For more info visit: http://bit.ly/nu-dec4 DEC 7 Craft Lake City Holiday Market The 1ST ANNUAL CRAFT LAKE CITY® HOLIDAY MARKET in Ogden will be held on Saturday, December 7, 2019 from 11 a.m. to 6 p.m. Craft Lake City, a 501(c)3 non-profit organization, is eager to expand programming to Northern Utah residents. The inaugural event will be held at The Monarch, the multi-purpose creative epicenter of Ogden’s Nine Rails Creative District that includes a restaurant, artist studios and space for culturally enriching events. For more information please visit us: http://bit.ly/nu-dec7

JANUARY

NOV 22 - JAN 4 | Luminaria Experience one of the best holiday light show around! Luminaria is a magical experience where you’ll walk through the 55 acre Ashton Gardens and view thousands of holiday lights depicting classic holiday scenes! There’s truly no describing how awe-inspiring this event is! For those seeking a peaceful atmosphere, head to the Light of the World Garden, where lanterns and soft music accompany 35 sculptures of Jesus Christ. Stop by the fire pits to warm up, grab a s’more and participate in the seasonal games! For more information please visit: http://bit.ly/nu-nov22 JAN 24 Kune - Canadas Global Orchestra Canada’s global orchestra, Kuné, explores and celebrates Canada’s cultural diversity and pluralism. The thirteen virtuoso musicians hail from all corners of the globe and play instruments as diverse as they are. Kuné, which means “together” in Esperanto, shares each musician’s cultural and musical traditions to create a band that looks and sounds like Canada today. For more info visit: http://bit.ly/nu-jan24

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LOCAL EVENTS GUIDE

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JAN 24-25 | Bear Lake Monster Winterfest The Bear Lake Monster Winterfest is Bear Lake’s biggest annual winter event. The next time this family friendly event is being held is on January 24-27, 2020. Most activities take place in the Utah Bear Lake State Park Marina. The state parks entrance fee at the Marina will be waived for those attending the event, with a hope that you’ll donate to the charity that the event is fundraising for. The event is put on by the Bear Lake Rendezvous Chamber of Commerce, Bear Lake Valley Convention & Visitors Bureau, Garden City Fire District, and Bear Lake State Park. For more info visit: http://bit.ly/nu-jan25

FEBRUARY

FEB 15-17 Bryce Canyon Winter Festival The Bryce Canyon Winter Festival has something for everyone. There will be Free clinics, demos and tours. Events may be subject to change due to snow and weather conditions, but the Bryce Canyon Winter Festival will be held regardless of snow conditions. For more info visit: http://bit.ly/nu-feb15 FEB 28 -29 | Utah Symphony Singin’ in the Rain Celebrate the 65th anniversary of the “Greatest Movie Musical of all 16

time” (American Film Institute) with Arthur Freed’s lyrics and Nacio Herb Brown’s music performed live by the Utah Symphony. Enjoy award-winning performances from Gene Kelly, Donald O’Connor, and Debbie Reynolds on the big screen as the orchestra plays the music live to picture. You may find yourself dancing to your car with a smile on your face. Umbrellas optional! For more info visit: http://bit.ly/nu-feb28

MARCH

MAR 6-8 | Home + Garden Show The Salt Lake Tribune Home + Garden Show is a vibrant marketplace where you can shop for home-related products and services, experience stunning displays to help inspire your next home project, connect with industry experts, and enjoy informative presentations from renowned local and international home professionals. For more info visit: http://bit.ly/nu-mar6 MAR 13-15 | Autorama The AutoRama-Salt Lake is a premier car show of America with the latest displays of cars, racing cars, vintage cars, classic cars, car parts and components, car equipment and accessories and all things automotive related. For more info visit: https://autorama.com


LOCAL EVENTS GUIDE

NORTHERN UTAH MAR 26-APR 11 To Kill A Mockingbird The new stage adaptation of Harper Lee’s To Kill a Mockingbird, currently running on Broadway and featuring a script by Oscar and Emmy winner Aaron Sorkin. Set in the Depression-Era South, Tom Robinson, a black man, is accused of a crime against a white woman. When Lawyer Atticus Finch takes on the case, he is determined to give Tom a fair trial, despite the rampant racism and prejudice in his small town. A heated dissection of justice and virtue, Lee’s classic story is retold with a new light and contemporary edge. For more information visit: http://bit.ly/nu-mar26

APRIL

APR 1, 8, 15 | Yoga & Beer The Gateway, Salt Lake Power Yoga and Squatters | Wasatch bring you YOGA & BEER, a weekly event to clear your mind. The talented instructors at Salt Lake Power Yoga will lead this series with a power flow yoga, integrating optional Squatters | Wasatch beer drinking postures. All levels of yogis and beer drinkers are welcome. Yoga is free. http://bit.ly/nu-apr1 APR 15 - MAY 3 | Disney’s Frozen FROZEN is melting hearts on Broadway in an all-new produc-

tion created for the stage by an award-winning team. It features the songs you know and love from the original film plus an expanded score with a dozen new numbers. The creative team at its helm has a cumulative 16 Tonys to its credit, including the EGOT. For more info visit: http://bit.ly/nu-apr15

MAY

MAY 16 | Light The Night Festival Just when you thought all the joy was being sucked out of life, Light the Night is here to bring the fun back. Watch the night sky glow after jamming to live music, capturing your Foodie posts for Instagram with the food vendors, snagging cool merch, and enjoying all the available activities with your friends and family, you’ll release lanterns full of dreams, goals and wishes into the universe.. For more info visit: http://bit.ly/nu-may16 MAY 29-30 | Epic Culinary Tasting EPIC CULINARY TASTING join us at The HUB FOOD PARK to discover the secrets of The Peruvian gastronomy.... Over the last decade or so, the rest of the world has begun to wake up to something Peruvians have always known: theirs is a diverse and exciting cuisine the equal of any other. Foodies around the globe have taken note of Peruvian (. . .continued on page 18)

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cuisine. For more information visit: http://bit.ly/nu-may29 MAY 14-17 Great Salt Lake Bird Festival Great Salt Lake Bird Festival is an annual event to spotlight the Spring migration of large numbers of birds heading north for the summer- but stopping to feed at the Great Salt Lake cafeteria. Great Salt Lake is part of the Western Hemispheric Shorebird Reserve Network- an international designation given to Great Salt Lake 25 years ago. Come see thousands of birds in one location. For more information visit: http://bit.ly/nu-may14

JUNE

JUN 25-28 | Utah Arts Festival The 44th annual Utah Arts Festival is scheduled for June 25 to 28, 2020 at the Library Square in downtown Salt Lake City. More than 170 visual artists from across the country are juried in to participate in our Artists Marketplace. The Utah Arts Festival is the largest outdoor multi-disciplined event held in Utah. Having garnered numerous awards internationally, nationally and locally, the Festival remains one of the premiere events that kick off the summer in Utah each June. For more info visit: https://uaf.org/

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JUN 6 | Int’l Jazz All Stars Join us for this spectacular event in Salt Lake. If you’re a Jazz fan - this is the event to attend. For more info visit: http://bit.ly/nu-jun6 JUN (TBA) | Utah Asian Festival The longest running multi-cultural festival in Utah, offering a glimpse of Asia and all of its vast beauty and history through performances, food and community. For more info visit: http://bit.ly/nu-jun-asian

JULY

JUL 16 | Benny Golson Jazz Fest Snow College Summer Jazz Workshop presents the one day Benny Golson Jazz Festival. Come and enjoy an evening of East Coast jazz at it’s finest, featuring drummer Carl Allen, bassist Philip Kuehn, pianist Xavier Davis, guitarist Rodney Jones, saxophonist Patrick Cornelius, trumpeter Eddie Allen, and vocalist Christie Dashiell. For more info visit: http://bit.ly/nu-jul16 APR 29 - JUL 11 | Mary Poppins Mary Poppins soars to new heights on HCT’s magnificent Centre Stage! See one of the world’s most beloved stories as never before as Mary descends into the anxious world of Jane and Michael Banks with A Spoonful of Sugar. She heals troubles with a lullaby and lifts spirits


LOCAL EVENTS GUIDE

NORTHERN UTAH with a kite. She is simply Supercalifragilisticexpialidocious! It truly is a Jolly Holiday with Mary! Oh the costumes! Sets! Extraordinary Talent! Don’t miss this timeless Broadway masterpiece! By Sherman, Sherman, Stiles, Fellowes and Drewe. Book before she disappears! For more info visit: http://bit.ly/nu-jul11

AUGUST

AUG 6-8 | Raspberry Days Come celebrate the harvest of our famous Bear Lake Raspberries. Enjoy the weekend with a Parade, Laketown Rodeo, Craft Fair, Live Concerts, 5K Run, Pancake Breakfast, Dances, Golf Tournament, Boat Light Parade and Fireworks. For more info visit: http://bit.ly/nu-aug6 AUG (TBA) | Sandy Balloon Festival In early August, the Salt Lake suburb of Sandy hosts a hot air balloon festival. Watch the balloons rise above the Wasatch Mountains

and enjoy a festival with activities throughout the day. For more info visit: http://bit.ly/nu-aug-balloon

SEPTEMBER

SEPT 10-20 | Utah State Fair Utah State Fair showcases products like agriculture and horticulture, floriculture, creative arts, home arts, indoor cook offs, outdoor cook offs, fine arts, photography, clothing, beef cattle and more!. For more info visit: https://utahstatefair.com SEPT 25-26 Layton Fall Home Show Join us at the Davis Conference Center. Just in time to finish up your home improvement projects for the fall! See the latest in home improvement, remodeling, design, outdoor living and more. Meet with local and national vendors that can help you tackle any size project!. For more information please visit: https://laytonhomeshow.com

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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.

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Pad your nest egg If you already have significant 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 22)

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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.

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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


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