The rising costs of pension liabilities is the largest financial issue with which local municipalities and counties across the State of Arizona and the nation have to deal. Coconino County is no exception. Over the past several decades, pensions have been impacted by lower-than-expected investment returns, unanticipated impacts from benefit increases and adjusted actuarial assumptions such as life expectancy and population growth. These impacts have created a pension system that is … [Read more...] about Addressing the Public Safety Personnel Retirement System
Retirement
Tips for Staying Active in Retirement
When most people think about retirement, they envision a life of freedom. From traveling the world to spending time with grandchildren, everyone’s goals for their golden years are different. No matter your dreams, lasting health will help you enjoy your future. In a recent survey, 81 percent of retirees said good health is most important for having a happy retirement. Unfortunately, many people aged 65 and older face health challenges, including obesity, hypertension and depression. In fact, … [Read more...] about Tips for Staying Active in Retirement
Balancing College and Retirement
Are you faced with the dilemma of saving for your own retirement while at the same time trying to put money away for a child’s college education? How do you pursue both goals? How do you determine which is more important or what path to take? If this hard choice sounds familiar, you’re not alone. Many Americans today struggle to balance their own financial future with preparing their children for success. As financial professionals, we have helped many parents evaluate their options and … [Read more...] about Balancing College and Retirement
Balancing College and Retirement
Are you faced with the dilemma of saving for your own retirement while at the same time trying to put money away for a child’s college education? How do you pursue both goals? How do you determine which is more important or what path to take? If this hard choice sounds familiar, you’re not alone. Many Americans today struggle to balance their own financial future with preparing their children for success. As financial professionals, we have helped many parents evaluate their options and … [Read more...] about Balancing College and Retirement
Flagstaff Making List for Top Retirement Cities
Flagstaff may not be known as a hot spot for retirees, but a recent article in the U.S. News & World Report lists this mountain town as one of the 10 best places to retire in 2012. Former Sedona resident Diane Kalas, who is 70 years old, says moving to Flagstaff to retire about eight years ago was one of the best things she has ever done. “My daughter is in Flagstaff. I love all of the wonderful activities in town. I always go to the First Friday Art Walk. In the summer, I enjoy the … [Read more...] about Flagstaff Making List for Top Retirement Cities