Fall 2011 Vol. 29, No. 3Published quarterly for retired members of the Utah Retirement Systems

Which of your accumulated papers should you shred and which should you store in a bank vault?

ital records: These establish who you are and certify your legal rights. Birth, marriage, divorce, adoption, immigration, and death certificates are absolute keepers. Because originals are usuallyrequired, store them in a safe deposit box. Retain: lifetime.

Medical: Gather all records you have covering medical conditions, visits, treatments, procedures, immunizations, prescriptions, reactions, etc. Write from memory what you don’t have documents for. Retain: lifetime.

Military/Selective Service: The military will likely keep copies, but if you ever have a dispute, it’s very important to have your own copy of your military records. Retain: lifetime.

Public benefits: Keep all documents related to SocialSecurity (the original card separately), Medicare, Medicaidand public assistance to prove eligibility and payments.Retain: lifetime.

Life insurance: Record the issuing company, its headquar-ters, the selling agent and contact means, policy number and type (term or whole), issue date, and the face value. If a group policy, list employer or sponsor, contact data andcertificate number; ditto for travel, credit, mortgage, ordeposit insurance. Name location of original policies.Retain: lifetime.

Tax documents

If you itemize or you’ve had certain tax events during the year (e.g., home office, real estate, etc.), keep supporting

paperwork and other data (checks, receipts, forms, etc.) that help determine the tax you owe. Retain: three years after your return was filed.

Caveat: the IRS has six years in which to challenge yourreturn if it feels you underreported your income by 25% or more. If you want to feel especially safe you can save your records from 2005 forward. If you use a tax prep service, most of them will keep records of your returns.Retain: six years (fraud and non-payment have no statutes of limitation).

Financial documents

Many of us hang onto financial papers of all typesbecause we’re unsure which papers we must keep or becausewe’ve been caught unprepared.

Continued on page 2.

Deeds you need. Checks you can chuck.

Now, prune and pigeonhole those perpetual piles of paper

V

I N T H I S I S S U E

www.urs.org: Now one-stop point and click account access.......2

Estate planning: Five re-marriage planning tools you can’t ignore ....3

Lives in touch: Everyone loves a parade! ..........................................4

Health: Three easy energy boosters ................................................5

URS Savings Plans: You’ve got it coming to you!.............................6

Why you might want to donate your IRA to charity.....................6

Direct deposit: The secret in the old DeSoto.................................6

In memory ........................................................................................7

Money: You’d trust your family with your life, right? ....................8

Beneficiaries: Your future heirs are counting on you ...................8

Pay stubs: Unless you’re in a wagedispute, you can destroy your paystubs at the end of the calendar or compensable year. Just make sure the final stub figures match your W-2.Reconcile the totals you paid for health insurance where germane, for donations where allowed, and any taxed/tax-deferred contributions.

Mutual fund: Keep your final state-ment of each year — the one showingyour purchases plus any reinvested distributions. Shred everything else.Retain: one year.

Utility, telephone, condo, lawnservice, etc. Retain: only until paid.

Credit card statements:Verify thetransactions and payments, then shred.However, a transaction report for amajor purchase, such as remodeling or anything with a warranty or highvalue should be kept indefinitely. Keepany bill or statement containing con-tested or fraudulent charges. Add anote to these on how the problem wasresolved. Retain: until next statement.

Canceled checks and bank statement: After you reconcile asusual, place the checks you’ll use at taxtime (charitable contribs, mortgage/tax payments, government rebates, andthe like) in an envelope in your tax file.Shred the rest. Retain: 3 - 6 years.

Warranty papers: File with instruc-tion manuals, since they are often co-dependent. Retain: as long as you ownthe item. (Some warranties may be par-tially honored beyond their expiration.)

Periodic insurance policies: Auto,home, contents, etc. policies can beshredded once the new policy arrives.Retain: one year.

Life insurance policies: Record the issuing companies and contactmeans, selling agent, policy numberand type (term or whole), issue date,and face value. For a group policy, list employer or sponsor, contact dataand certificate number; ditto for travel,credit, mortgage, deposit insurance,etc. Retain: lifetime.

Receipts: Keep those that relate toprovisions of your health and prescrip-tion insurance (copayments, deductibleexpenses, reimbursement statements).Retain: three years.

Loans: Keep all closing documents formortgage, vehicle, student, and otherloans in a safe-deposit box. Retain:until paid off.

Vehicles, cars, boats, RVs: Keeptitles and purchase receipts for vehicles,boats, etc. in a safe-deposit box. Youcan keep registration and maintenancereceipts in the vehicle. Retain: as longas you own it; accident reports andclaims six years.

Continued from page 1.

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Staying out of paper“debt”Cleaning out your paper is like finally

getting out of debt: You vow “never

again!” Consider these easy-to-try tips to

cut back on paper.

� Try using the online statements offered

by your bank, credit card, and URS.

� Try paying a bill or two online (and skip

a 44¢ stamp).

� Think about buying a small scanner

($50-up) that converts your papers to

images you can store on a computer or

compact disk. You can view and print

them as needed. A CD also makes a

great emergency backup.

Second in a series

Now, one-stop point and click account accesshat do you want to know about your URS account? Everything? All in oneplace? We hear you.Today, when you log in to your account, you’ll see the screen below

customized just for you.W

Cycles � www.urs.org

Service:View your service and salary; access retirement calculators;print forms; make account changes.

Savings: See the progress of your URS savings plans; enroll in a Roth IRA; buy and sell funds, and more.

Profile:Opt to receive financial statements online.Beneficiaries:View and change your beneficiaries.Document Center: Find investment helps and financial documents.

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Curious about your account? Log into urs.org today. It’s that simple.

re-marriage, particularly in later life, requires prompt and decisive planning. That’s because divorce and re-marriage are the biggest arenas of unintentional or misguided transfers of assets to the “other” family. Fortunately, you can employ the following legal tools to protect both your spouse and family.

Pre-nuptial agreement (PNA): In a later-life re-marriage, a “pre-nup” may be your most important legal tool. A PNA defines each party’s individual assets and makes them “non-marital,” meaning they never become property of the estate. Rather, it specifies that whatever one brings into the marriage, he or she retains. It can also make provision for assets acquired or pooled after marriage.

Your will: This tells the court who gets what and who’s in charge after you die. If the will is valid and properly executed, it can deflect potential arguments and challenges. Because you’ll be coordinating your will with your PNA, be wary about trying to do it yourself.

Insurance beneficiaries:Whomever you name as the beneficiary(ies) of your life insurance policies will collect those funds, without restriction, after you die, passing outside any will. This can be an alternate tool to provide for a spouse whose own assets are few.

Pay on death accounts:Using a POD account you can direct your bank to pay anyamount to whomever you wish for whatever reason after you die. It’s confidential and therecipient need not be made aware of it until your death. It does not revert to the estate.

Medical power of attorney: A medical POA informs the attending physician who is authorized to make care decisions when you’re unable to. Arguments between the current spouse and the children of a former marriage can be smoothed by deciding inadvance who will make these decisions.

Domestic relations orders:Divorce and/or re-marriage are at the heart of these courtordered divisions of any or all of your URS benefits. To learn more, visit urs.org, click onmembers, click on publications, click on Domestic Relations Orders. You may also contactURS at 801-366-7770 or 800-695-4877.

A compact way to itemize your estate – freeracking down your vital accounts, papers,agents, phone numbers, valuables, and other key information following your passing is theking of headaches for your heirs. We can help!The following fill-in-the-blanks locator will

organize nearly everything your executor may need.Record of Important Papers and Valuable

Property guides your executor or family — evenyou — to the critical papers, properties, and obligations of your estate. Also consider...

Suddenly Single, which details the essential legal and financial steps one must take during thefirst days and weeks after the death of a spouse.Order by calling 801-366-7372 or 800-753-7372.

3

Cycles � estate planning

Five re-marriage planning tools you can’t ignore

A

Seniors shine in auto safety

As we’ve said all along...

Older drivers are safer drivers.

Proof: Even though seniors are

keeping their licenses longer,

between 1997 and 2008 (latest

data) the rate of fatal crashes

per licensed driver age 70 or

older dropped nearly 37%!

— Insurance Institute for Highway Safety

When a golfer reaches

a certain age,

he learns to favor

a cart over a caddy.

It can’t count,

criticize or laugh.

T

Were you there when...1930s: The tragic “ScottsboroBoys” racial trials (ala ‘Mocking-

bird’) began in this state.

1940s: Harry James left Benny

Goodman’s band and hired a

young singer named…

1950s: Inchon suddenlyappeared in the news as the

place where the United States…

1960s: “Payola” described thescandal involving bribes to

promote the…

1970s: An explosion and fire inspace nearly doomed the astro-

nauts of this lunar mission.

1980s: President Reagan com-

missioned a Utah firm to create

this flavor of ice cream.

Answers on page 7.

“Old Glory” led the wayAs a child I remember watching the parade celebrating

our American independence day and the pioneers. War veterans wore their uniforms. I remember hearing the bandplay patriotic songs and marches. When the flag came by atthe head of the parade, I and my parents would stand andput our hands on our hearts. It was the thing we did at thattime and didn’t question it. We were as proud as could be ofour country. We understood why we celebrated our freedom.I’m too old to attend parades these days, but I remember the sight of a magnificent and large “Old Glory” leading the way, carried by a trio of veterans.

Leora Adams • Orem, UT

Duck! Here comes a paradeI was out for a morning walk in our Michigan neighbor-

hood. I had my two girls with me (ages 6 and 4) and we wereenjoying the late spring blossoms and greenery. Suddenly,the weeds ahead of us, between our pathway and a parkinglot, began to move. We stopped to watch. A squirrel dartedout and quickly disappeared. We learned why, as a small dog,still on a broken leash, appeared and proceeded to chase thesquirrel. As we moved on, presently a mother duck and sixducklings waddled (sometimes tumbling) across our path,seemingly on their way to a distant pond.

The parade continued. As the last of theducklings crossed our path, a tiny youngpuppy followed them with its noseskimming the ground behind the

rearmost duckling. Thethree of us were laugh-ing with delight at thisparade of animal person-

alities. It’s so fun to rememberthese things.

Shirley Francis Salt Lake City, UT

Gung Hay Fat ChoyEver since we

first attended a Chinese New Year’s parade in San Francisco I’ve grown to love the experience of a night-time parade.Some parade marchers were in animal

costumes representing the “Year of the Monkey” (or whatever animal the new year represents — rabbit, tiger, etc.). I loved the elaborate costumes and the snake-like dragons winding through the darkness, all lit up. Fireworks — you would expect fireworks.There were puppeteers and stilt-walkers, acrobats,

children’s groups, singers, dancers, and musicians. Of course,there were the local politicians and celebrities, but also theChinese royalty on floats. Oh, and something you don’t seemuch anymore — local merchants sharing their specialtieswith the crowd. It was a chilly but grand parade, but it wasan event I will never forget. (I’m told the Chinese wordsmean “Wishing you great happiness and prosperity!”)

Donna Melstrum • Salt Lake City, UT

Lost? Just follow the musicIt’s easy for me to tell about my most memorable parade.

My husband and family were standing in a big crowd at the end of the parade. When it was over I let go of my 4-year-old daughter to put our baby in the stroller.When I turned to take my daughter’s hand, she wasgone! We talked to a nice policeman who said he wouldwatch for her.

My sister and husband owned a music store fourblocks away. My daughter ran right into them andthey were able to meet us and all was well. We werevery lucky and thankful!

Gloria P. Rippon • Ogden, UT

Everyone loves a parade!Cycles � lives in touch

4

Look ma, I’m in pictures!I just love parades. The fun is the noise, crowds of

happy people, motorcycle policeman riding along very fast,pretty floats, marching bands, and fancy horses. One year Ihad to stay home with my new baby daughter. My husbandsaid he would take our two little boys who were three andfour to Salt Lake for the 24th of July Pioneer Parade.It was very hot that year, but they all really enjoyed

the fun day activities. The next morning as we read thenewspaper, we were surprised to see a large picture of ourlittle boys enjoying the parade. They looked like twins intheir fancy blue overalls and striped blue and white shirts. I had no idea that they had their picture taken. Of coursetheir daddy did and he wanted to surprise me. Those boysare now men in their late fifties, and I am sure they enjoyparades as much now as they did then.

Doris C. Schmidt • Bountiful, UT

You’re trying to be late for the parade!We were living in Clearfield and my wife wanted to go to

the BYU homecoming parade. As a rule I hate parades, butthis year my wife twisted my arm until I consented to go.Driving south on I-15 through Bountiful I was driving

the speed limit and doing a splendid job, I thought. Mywife, not sharing my feelings of progress, told me to “hurryup,” because she knew I was “trying to be late for the parade.”Obediently, I increased the speed. We had only gone a mileor so at this new speed when I saw a red light behind us.Pulling over I soon had a policeman at my window.“What’s your hurry?,” he asked.I told him my wife had told me to hurry because she

knew I was trying to be late for the parade at BYU. The officer gave me a funny look and said. “I understand; go on but be careful.”We made the parade without any more prodding to

“hurry up.” That was my last parade and I still don't likethem.

Bill Hall • St. George, UT

Three easy energy boosters

ater.Nature’s healthiest drinkhelps the mitochondria, thepower plants in our body’s cells,to flush out the toxins, radicals,and other byproducts. For the

average person this means about twoquarts of water a day. Less than that andour mitochondria tend to become lesseffective as energy makers. Alert: As weage, out bodies don’t always send a clear“thirsty” signal. A couple juicy-type fruitsa day can help your water balance and,therefore, your energy level.

Salt. Salt is necessary for our bodies to live, and a moderate salt intake is a source of energy. Salt has taken a bad rap lately. True, salt can aggravate blood pressure in some people. But saltabsolutely helps the body hold the waterit takes in, which of course our mitochon-dria need to function properly. As long as your blood pressure is normal, saltednuts, bouillon chips, and other saltedfoods are helpful whenever you feelfatigued or light-headed.

Eat small, eat often. Smaller, morefrequent meals — every three hours or so — steadies the demand on yourblood sugar. Proteins and fiber foods aredigested slowly, thus keeping you fromfeeling hungry as often.

Erica T. Schwartz, MD, internist, Author of Natural Energy: From Tired to Terrific in 10 Days.

Even if you live in a glass house...The one vitamin our bodies

cannot manufacture internally

is Vitamin D. It requires 10 – 20

minutes of sunlight each day,

depending on time of day, latitude,

season, and skin pigmentation.

Mid-day is best and, yes, you must

actually be outside to get the benefit.

Glass blocks the needed ultraviolet

radiation. C’mon, let’s go for a walk!

5

H o l i d a y C y c l e s

Chestnuts Roasting...

Christmas will soon be here. Won’t you

please share a special (touching, humorous, etc.)

memory of this season with all of us at Cycles?

Write us at PO Box 1590, Salt Lake City, UT

84111-1590. Or email tojim.harr@urs.org.

Cycles � health

W

Useful websitesLook grandma, I’m astamp! Go to www.

photo-stamps.us and

turn favorite photos

into usable postage

stamps for holiday cards

or to give as gifts.

If life is for the birds,the National Bird Feeding

Society can get you

started and even teach

experienced feeders a

thing or two. Join the

flock at www.

birdfeeding.org.

6

Maximize your giving

Why you might want todonate your traditional IRA to charity

f you wish to make a bequest to charity,it may be better to donate IRA fundsinstead of cash or property.

Why so: When you donate cash orproperty to charity and leave an IRA to

family members, the funds in the IRA maybe subject to income tax when they aredistributed.

However, if you do the reverse — leaving the IRA to charity and cash orproperty to family — your family couldget the cash or property income tax-free.

Cycles � direct deposit

IYou’ve got it coming to you!

ou’ve saved and built a retirement nest egg during your career. Now theIRS will require you to begin withdrawing a small portion of your 401(k),457, 403(b), traditional IRA, or other tax-deferred savings plans, beginningat age 70½. This withdrawal is known as a required minimum distribution(RMD). If you have multiple types of accounts, such as those listed above,

you must calculate and take an RMD withdrawal from each plan type. However, there is an exception to this rule for a URS 401(k) or 457 account:namely, if you currently work for a URS employer, you don’t need to take anRMD until you terminate or retire.However, if you own a traditional IRA, you must take an RMD regardless

of employment. Fortunately, RMDs for multiple traditional IRAs may be combined into one. A Roth IRA has no RMD while you are living.If you’re turning 70½ in 2011, you’ll have until April 1, 2012 to take your

first required withdrawal (this delayed option is only available in your firstyear). Waiting until 2012 to take your first RMD payment will require you totake two RMDs in a single tax year; one for the 2011 tax year and another onefor 2012. This may increase the income tax you’ll pay for 2012. After that, the IRS requires an RMD from youraccount by December 31st annually.

Here’s the calculation if you’re turning 70½ in 2011

1. Note your account balance on December 31, 2010.

2. Determine your age on December 31, 2011.

3. Find your Uniform Distribution Factor.

4. Divide your 2010 account balance by this factor.

Any withdrawals received in the current year can bededucted from the RMD amount.

Note: If your spouse is your beneficiary and is more than 10 years youngerthan you are, you may use the joint life expectancy tables found in IRS Publication 590.URS can help you calculate your RMD. We can also establish a payment

schedule that fulfills your requirements year after year with ease. You can finda withdrawal application at www.urs.org. Click on “forms.” For personal assis-tance you can speak to a counselor at 801-366-7720 or 800-688-4015.

Y

Let’s plug in some numbers

1. December 31, 2010,balance: $60,000

2. Age as of December31, 2011: 71

3. Uniform DistributionFactor: 26.5

4. $60,000 divided by 26.5 equals $2,264.15annual RMD.

--Cycles � URS savings plans

Uniform Distribution

FactorAge Factor

70 ........27.4

71 ........26.5

72 ........25.6

73 ........24.7

74 ........23.8

75 ........22.9

For a full list of factors see IRS Publication 590.

The secret in the old DeSoto

ecently, when Don Moses of KansasCity, Mo. was vacuuming the interiorof his “new” classic 1956 DeSoto, hefound a dirty envelope under the rear

seat. In it was a Social Security check datedJune 1962 for $51.42 that never made it to the bank. Someone surely panicked.Had the check’s owner signed up for

URS Direct Deposit, the check would never have touched human hands, neverrequired a trip to the bank, never been lost,and would have been in the bank theinstant of issue. All for free.Does this sound perfect for your check’s

safety? Call us about URS Direct Deposit at801-366-7770 or 800-365-8772. We’ll getyou started.

R

June 2011Aagard Larry S 21

Achter Gideon A 1

Adams Penny B 10

Anderson

John Dimond 27

Anderson John P 1

Anderson

Julene Marie 15

Anderson Thomas D 19

Athas Sophia C 14

Atwood Delbert W Jr 26

Barker Karleen B 26

Bingham Harland W 19

Birrell Roy N 13

Boulton Florence J 6

Brigos Carol Anne 12

Brown Helen B 11

Bruckman Jan K 23

Burton Melvin P 6

Carling Grover W 11

Cooley Lyle R 16

Creveling Mary Ellen 1

Cummins Joseph K 4

Darlberg Della May 2

Davis Joanne F 9

Dellagnola Gene D 13

Driggs Jean R Jr 28

Durrant Mary Lou 4

Erichson Josephine A 30

Fiack Lynn 1

Forsgren Betty Marie 6

Fullmer Donald B 4

Garcia Maximiliano 11

George Eleanore 29

Gilbert James F 8

Gray Nannette O 6

Gray Sally J 22

Green Richard E 5

Gren Jerry R 25

Gubler Ladawn P 10

Hall Harlan Ervin 28

Hampton Norma 6

Harding C Norlyene 25

Hatch LaVern 20

Henrie Dorthy Vee 7

Herbert David K 71

Holmes Jane Breen 12

Humphris Maurine R 11

James Marlene J 17

Johnson Betty Lou 27

Johnson Vera B 22

Johnston

Miriam Virginia 22

Kammerath Dorothy S 6

Kerr James L Jr 13

Latsis James D 4

Lowe Emola N 23

Lund Jackie P 20

Lund June E 23

McMahon Virginia L 30

Meadow Ruth 22

Mills Marilyn B 7

Neilson Mildred R 17

Nerdin Paul A 14

Nicholas Janice N 3

Oliver Peggy 21

Otten Ella R 26

Otteson Darlene F 18

Oyler Beth 25

Page Deanna L 25

Park Hazel Jane 25

Parker Lynn S 18

Phillips Barbara B 10

Poe William Dean 24

Polete Claire N 1

Presley James J 26

Raat Gerald H Jr 6

Redd Shirley 4

Reich Lenore 23

Ringger Elsie G 6

Robinson George H 27

Robinson Jack K 9

Schmidt Ralph E 20

Schwartz Noreen 27

Seeley Barbara L 5

Sharp Ralph L 24

Sorensen Jeanne 30

Spafford Leola J 24

Staples Betty N 11

Sudweeks Virginia S 22

Symmes Joann F 10

Taylor George R 11

Taylor Joseph A 22

Thomas Mary Lois 1

Timothy J Arthur 5

Trendler Donald M 19

Warner M Lane 18

Weber Maida B 13

Westling Dorothy 24

Wignall Hazel H 16

Wilder Rich A 14

Willis Brian P 1

Woolston Paul S 20

Young Marilyn T 14

July 2011Allred Helen H 3

Anderson Barbara J 9

Anderson Don Levi 16

Arave Donna B 30

Atkinson Dennis N 20

Barker Denece 10

Bartholome Game 8

Bedingfield Judith 6

Bell Ida P 16

Bishop Clyn S 19

Bishop Russell H 13

Boudrero Carma C 18

Buchanan Morlin D 8

Burge Willard D 3

Byers Margaret L 10

Call Steven K 28

Cammack Stanley B 22

Capener Gordon Lee 25

Carroll Don Lynn 25

Casper Donna 9

Clayton Bette J 9

Clayton

Elwood Melville 2

Conradsen Rex C 19

Cooley Charles T 20

Crosby Catherine 7

Croshaw Donna Mae 28

Daniels Bertha Kendall 17

Danks Lois R 9

Deveraux Ida L 30

Diamant Bill D 31

Dickson George A 10

Dudley Brenda Lynn 15

Erickson Joy A 29

Ewing Margaret R 19

Farrington Beverly S 21

Penn Faleice W 15

Fuller Rex L 24

Garfield June 8

Glassford Luanne 9

Glismann

Clementine L 22

Green Naida N 16

Grisim Brunhilde C 13

Haacke Montez 25

Hadley Ezra R 31

Hafen Arlo J 8

Hall Frank L 26

Hansen Charles J 1

Hansen Grant Kaue 1

Hansen Sybil C 15

Hansgen Nancy O 19

Hewitt Elaine Revou P 24

Hoogasian Berge A 22

Hurst Vard Linden Jr 31

Iverson Charles H 4

Jacobson Joy F 5

Jarrett Melvin C 8

Jensen Ruth H 2

Jensen Verda Nelson 15

Johnson Ruth S 29

Jolley Lorraine O 1

Jones N Clark 2

Jorgensen George 23

Kanig Lavinia L 16

Keller Kenneth Jay 25

Kirkham G Joan 14

LaCox Marilyn C 24

Lake Helen T 17

Lemon George B 26

Linnett Barbara 16

McBride Merilyn 8

Meadows Roy J 22

Mitchell Anita Rae 19

Mitchell Joann 15

Neilson Edna L 11

Newman Ione D 17

Nielsen Dorothy L 24

Nowers Adriene P 10

Partridge Clyde L 9

Passey Richard H 14

Pattee Carole N 31

Patterson George K 22

Peterson Linda Burk 1

Pixley Julia F 23

Read George F 19

Reece Karo!a H 7

Rizzuto Mary K 8

Rodriguez John M 25

Saunders Deon C 11

Schear Afton M 5

Silver Ruth S 5

Smith Lawrence O 16

Sparrow Jeanette F 15

Spears Anna L 16

Stanworth Jane 4

Starbuck Kathryn Call 29

Starling Myrtle Estelle 24

Stewart Lynn W 14

Struthers Marie G 31

Symes Ronald C 21

Tak Dorothy W 15

Taylor Everett N 29

Teichert Marjorie A 21

Walton Mary Larene 3

Warner Phil 3

Watkins William E 1

Wayment Rex 5

Webb Joann Gaddis 23

White Helen Grace 27

August 2011Adams Larae H 6

Allred Zola N 21

Baca Frances L 14

Bagley Lowell Edward 20

Binggeli Thayne K 11

Bond Joan 5

Bowen Robert 21

Braithwaite Paul L 24

Caldwell Gary 18

Callister Sheldon L 6

Campbell David F 28

Carbaugh Karen Marie 22

Christensen Margaret 23

Clark Genevieve R 16

Cleverly Agnes Loraine 7

Conk Leo H 18

Cowley

Joseph Woodland 21

Davis Larry B 9

Davis Stewart J 9

Duncan Diane K 10

Duncanson

Louise Alda 18

Farrer Pauline Kelly 18

Gladden Devona J 19

Green David R 12

Greenhalgh Taryl L 16

Gunderson Priscilla 12

Hancock Norma Alene 1

Horton Max O 16

Jaggi Dorothy N 7

Jensen Zona F 21

Johanson Grace L 11

Kirk David Edward 19

Klunker Paul H 3

Kros Cecilia 18

Lance Mildred A 18

Larsen Beth F 17

Litchford Ruth S 11

Marchant Violet N 5

McGiven Gary G 17

Meeks Lenora Atkin 25

Morgan Phyllis B 21

Morris Dorothy L 22

Moser Grant S 21

Murdock Gae L 9

Myler-Jensen Marva 22

Nelson Loa Beth 5

Nielsen Lynn 25

Nielsen Romola 16

Peterson Edwin A 22

Peterson Glenys C 18

Phillips Ronald J 21

Pritzkau Julius 4

Rambikur Philip A 21

Ray Marvin Leroy 17

Rigby Clarence Reed 20

Roberts Loran N 13

Robinson Daimar P 27

Romine Linden D 21

Safran Gertrude 5

Schramm Paul E 18

Seitz Barbara R 27

Shaw Lila W 27

Shaw Perry Clayton 19

Sjoblom Mary H 17

Slack Robert A 6

Smith Colleen H 21

Smith Dorothella 7

Smith John Edward 18

Smith Louise W 14

Smith Mary Sue 4

Smith Muriel W 6

Sorensen Valerie L 13

Spendlove Verda 18

Stewart Wendall P 2

Streed Lenwood 16

Tashiro Kiyo Mori 18

Thorne Steven E 12

Thurston Dawn C 26

Toponce Viron Hart 3

Turner Beatrice 1

Wall John D 4

Welch Michael V 6

Williams Boyd G 10

Winn Alma Eugene 12

Cycles � in memory

7

Publisher’s note: In Memory is a courtesy

feature of Cycles in which the name of the

deceased is shown as recorded on the records

of the Retirement Office. To maintain the

integrity of this (In Memory) feature, we

will publish only the names we have on file

at press time. We won’t later print names

that were omitted from a particular issue.

“Were you there?”A N SW E R S

1930s: Alabama

1940s: Frank Sinatra

1950s: Landed in Korea

1960s: Broadcast of

music recordings

1970s: Apollo 13

1980s: Jelly Bean

Caught in the classifiedsNice parachute. Never opened.

Used once. Slightly stained.

Free puppies... part

German Shepherd, part dog.

Sofa. 100% Italian leather.

Seats the whole mob. $600

You’d trust your familywith your life, right?

ut what about with your money? The attorney general’s office knows that money misuse happens but has no firm figure on the number of seniors whose family membershelp themselves to grandma’s or grandpa’s money.

Nationally, the estimate isabout 5 million senior victims a year. Of 35 million peopleover age 65 that would be 1 ofevery 7 in a year and is likelygreater at older ages.

The Wall Street Journalsuggests 4 things one can do to help protect against this type of financial abuse:

� Monitor both credit card anddebit card activity

� Have all income sources deposited directly to your bank account.

� Be wary if a family member you’re not close to offers to help with your finances.

� If something appears wrong, speak to a family member you trust.

Your future heirsare counting on you

few months ago a URS retiree died at age 90.Fortunately, he designated his beneficiaries in 1983.Unfortunately, he never updated them in 28 years.Fortunately, he named two primary beneficiaries.

Unfortunately, they were both older than he and died first.Unfortunately, he failed to name a contingent or “back up”beneficiary.

Beneficiaries are the people you want to inherit anypotential funds or benefits after you die. And because eventslike marriage,children, divorce, and death can alter yourchoices, it’s important to check your beneficiary designa-tions annually. Fortunately, it’s easy:

� First, find your current designation that’s printed in yourannual statement from URS.

� Second, if you need to make a change, go to your com-puter and print a Beneficiary Designation form, or call usat 801-366-7700 or 800-365-8772 and we’ll mail you one.

� Third, mail your completed designation to URS, PO Box1590, Salt Lake City, UT 84110. Your last valid designationwill remain in effect until we receive a new one from you.

Fortunately, you can update your beneficiaries in about 15 minutes’ time — or somewhat less than 28 years.

PRSRT STDU.S. POSTAGE

PAIDSalt Lake City, UtahPermit No. 7305

Fall 2011 Vol. 29 No. 3

UTAH STATE RETIREMENT OFFICEExecutive Director: Robert V. NewmanEditors: James W. Harr

Bonnie J. Wolff

Mailing Address: P.O. Box 1590Salt Lake City, Utah 84110-1590Telephone: 801-366-7700800-365-8772 Toll Freewww.urs.org

PRINTED ON RECYCLED PAPER

Cycles � money

B A“Did I ever tell you about

my first dollar?”Grandchildren usually have an innate respect for theirgrandparents. They‘ll listen to you when mom and dad“don’t know anything yet” (as Mark Twain opined).

One area you can teach theyoung ‘uns is about money.While you don’t want to contradict your grandchild’sparents over things likeallowances and spending, you can relate some of yourwisest money decisions whenyou were growing up, whyyou made them, and what it has meant to you today.They’ll catch the connection.

8

Cycles � beneficiaries

Time for a closer look at everyone.