There is a real possibility you can pay more in taxes in retirement than when working due to a loss of deductions like college loans and mortgage interests, as well as if you have
a healthy nest egg due to minimum required distributions and social security combined.
Retirees with
a healthy nest egg may be approached by friends or family members looking to borrow money in times of need or perhaps to invest in a business venture.
But if you don't have
a healthy nest egg, you'll probably earn more by investing your money now, than you would by using it to pay down an inexpensive debt.
With a little help from Utah First, you'll have financial peace of mind and
a healthy nest egg in your savings account.
If you have a good savings history and
a healthy nest egg which you have been contributing to then it is possible to start investing young and leverage those investments to a multimillion dollar portfolio.
Soon, with no effort on your part, you'll have
a healthy nest egg.
An IRA lets you invest your savings so they hopefully grow over time into
a healthy nest egg.
For seniors who have built up
a healthy nest egg, have no outstanding debts, and their family is financially sound, the need for life insurance may be minimal.