Break investing into phases to prepare for retirement
A couple of months ago, Sharla Jessop of Salt Lake-based Smedley Financial Services helped me answer a reader's question about investing during retirement. She stressed the importance of saving "pockets" of money for different times.
I liked her advice, but I don't think I allowed her to go as in-depth as I should have.
Thanks to a new question, I'm going to revisit the issue today.
James, age 70, sent me an e-mail in late March, asking how best to invest his money for the short term.
"Everyone is giving advice of what to do for the long term, but what about those of us who need some money to live on? The government is doing everything it can to lower interest rates, which is really hard on retired individuals," he wrote.
Read the full story on MormonTimes.com.
Comments
- Bruins blast past Utah 12:36 a.m.
- Utah Jazz game at a glance 12:27 a.m.
- Knicks defeat winless Nets 12:23 a.m.
- Iginla powers Flames to win 12:20 a.m.
- Editorial: Hold the line on taxes 12:19 a.m.
- Secularists and religious arguments 12:19 a.m.
- Credit cards: Friend or foe? Depends 12:19 a.m.
- Gay rights, Blue Dogs 12:19 a.m.
- Bibby sprains ankle at New Orleans 12:19 a.m.
- Civilian trial for accused terrorist 12:18 a.m.
- Glenn Beck to enter politics?
- Can BYU throw vs. Air Force?
- Cougars cruise to victory in Hawaii
- Huntsman blasts media over trip
- Christian leaders not backing down
- Police link alcohol to murder
- TCU still has a chance
- Hall breaks BYU record with win
- Orem man acquitted in tot's death
- Religion cited in deportation fight
- Buttars wants to limit gay rights laws
192 - Palin plans tour stop in Utah173
- Glenn Beck to enter politics?129
- Palin's book shows she's unqualified122
- Officer cleared in Cardall Taser case103
- BYU cuts Women's Research Inst.100
- Jazz finally win in San Antonio98
- Hall breaks BYU record with win95
- Utes knock off rival Aggies93
- Huntsman pleased with Obama87
Latest comments
Beck is extremely smart, he is selling books and is very popular on TV. All...
@Mick, the Federal Govt is run by corporations through contributions and...
Lets bond together and hope for a REAL celebration SUnday night, can hardly...
I was on the playground too and some teachers came out and called us all to...
B.Y.U. has been a consistent a top 25 ranked winner under Max Hall. Hall has...
Did Timp win four in a row or 4 in 4 years?
You have a lot of growing up to do, It seems like you have not cxperienced...
The proposed ethics law puts roughly the same burden on a legislator that a...
Hall ACTUALLY broke the all timme wins record vs WYO last week. I guess...
Sounds to me like Kraig Powell may be a candidate for resignation. So long,...
You can be the first to comment on this story.