What is Assisted Living?
Assisted living is a type of housing option for seniors or disabled individuals who need help with daily activities but still want to maintain some level of independence. It's a middle ground between independent living (such as in a private home or senior apartments) and more intensive care services like those found in a nursing home. Assisted living facilities typically offer a range of servic[...]
A Broken Promise to Our Kids
By Rep. Necochea We made a promise to our schools when the Idaho Legislature enacted HB1, a $330 million school funding boost last fall. No one could seriously argue against the dire urgency. On top of a $1 billion backlog in school facilities needs, schools were struggling with basic operations, and low salaries led to vacancies and disruptive turnover. At the same time, Reclaim Idaho’s pe[...]
Breaking the Debt Cycle Strategies for Older Adults to Manage and Reduce Debt
As the Baby Boomer generation enters retirement, many face a troubling reality: rising debt. According to a study by the Employee Benefit Research Institute, the percentage of households headed by someone aged 75 or older with debt increased from 31.2% in 2007 to 38.5% in 2016. This trend is worrying as it can lead to financial instability and a lower quality of life in retirement. Therefore, it i[...]
Bank rates are up. How to avoid leaving money on the table
NEW YORK (AP) — Moving your savings around by opening a new account and closing an old one can seem like a hassle. But it's a use of time that can pay off.
Editor’s note: A new look designed for modern readers
The delivery of news has been evolving from the beginning of news itself. Mediums change over time, but news professionals still must find a way to deliver what’s important to our readers. In recognition of the need to deliver news in the most engaging way, we are excited to announce the launch of our new and improved Idaho Business Review. Our tech team has been hard at work over the past[...]
Presidential primary mess needs a legislative fix
By Rep. Lauren Necochea When it comes to nominating our nation’s presidents, Idahoans want and deserve a voice. Both major political parties have seen the wisdom in moving from the arduous caucus system to a presidential primary election where Democratic and Republican voters can cast a ballot for their choice. This year, a major legislative blunder took away voters’ ability to cast these[...]
Bill Broich “Perspectives”: What is a Beneficiary?
What is a Beneficiary? A beneficiary is a person or entity who receives the benefits of a financial account, insurance policy, or estate plan in the event of the account owner's death. For example, if you have a life insurance policy, you would name a beneficiary to receive the proceeds of the policy if you were to pass away. Similarly, if you have a retirement account, you would name a bene[...]
Four Essential Branding Principles For Small Businesses
[caption id="attachment_291111" align="alignleft" width="214"] Joseph Guimond is a counselor in Zions Bank’s Idaho Business Resource Center.[/caption] It’s critical for small business owners to make a lasting impression on their customers. That’s why branding – which creates a distinct identity for your business – is a valuable investment that can help set your business apart from com[...]
Stress and its Effect on Longevity. Could an Annuity Help You Live Longer?
[caption id="attachment_290993" align="alignnone" width="620"] Bill Broich is a well-known annuity expert with over 35 years of experience.[/caption] Stress is a common and natural response to challenging situations, and while some stress can be beneficial, chronic stress can have a negative impact on our health and wellbeing. Studies have shown that stress can contribute to a variety of health[...]
FDIC Braces for Potential Banking Crisis: Can It Stabilize the System Once Again?
Following the failures of Silicon Valley Bank (SVB) and Signature Bank, President Biden stated that taxpayer money will not be used to bail out losses from the collapse of these banks and that the money would come solely from the Federal Deposit Insurance Company (FDIC).
No one plans for death, but there it is!
In my line of work, I have the unfortunate job to deal with the passing of someone’s spouse, parent, or sibling. I see in these moments of grief I know how, if the details aren’t thought of ahead of time, the pain can be compounded with the frustration of trying to navigate through the messiness of financial matters not thought of ahead of time. Recently, a friend died, her husband not only[...]
Four lessons businesses can learn from farmers
By JERRY WROTEN As we celebrate National Ag Day on March 21, it’s a great time to appreciate the rich contributions that farmers make to our state. Agriculture is the largest contributor to the Gem State’s economy and accounts for 18% of our total economic output. Thanks to the ingenuity and work ethic of Idaho farmers, we’re ranked in the top 10 for national production of more than 25 cr[...]