100 days before the year ends, financial planning tasks
What are the financial planning tasks that will help you maximize your income or reduce your taxes before the end of the year?
- Some of us who are tech savvy, around 20% of the high income earners like engineers in the valley would use some tools and find the resources to fit their needs.
- Some of us who are not tech savvy would hire an investment advisor but may miss on the holistic strategy to include other specialists and advisors such as financial planners, insurance agents, estate planners, and other specialists/experts.
If you have increased your savings and investments, did you put the necessary risk protection in place for any future threats?
Did you meet your yearly goals in savings and investments?
It is now 100 days to go before the year ends.
Seek advise, review proper asset allocation with an advisor or by yourself and implement.
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Contact Connie Dello Buono if you need a financial advisor, investment analyst, a wealth accumulation plan with tax advantage, an estate planner, a 401k/IRA, life insurance for risk protection and increasing your estate tax free and access to the Life Balance Sheet, a tool to monitor your net income, risks and financial planning strategies. 408-854-1883 motherhealth@gmail.com CA Life Lic 0G60621
Unclaimed money, auto tracking and regular review and updates
Unclaimed money, auto tracking and regular review and updates
- State-held unclaimed property: Visit NAUPA’s unclaimed.org for a map with links to each state’s program.
- Life insurance: For benefits not held by the state, check the insurer’s site directly.
- Pensions: For Pension Benefit Guaranty Corp. benefits, visit the agency’s online search directory.
- U.S. savings bonds: More than 45 million matured savings bonds, worth nearly $16 billion, remain unredeemed, according to the U.S. Department of the Treasury. To search the database, visit treasuryhunt.gov.
- Tax refunds: In 2011, the Internal Revenue Service said it had $153.3 million in tax refund checks that were undeliverable. To make sure you’ve received your checks, visit the IRS’s Where’s my refund? tool.
- Overbid proceeds: If a foreclosed home or tax lien for delinquent taxes is sold at auction for a price above the money owed, the former property owner is owed the so-called “overbid proceeds,” which are typically held at the county level. But, counties typically send notifications about the funds to the foreclosed address, so many people remain unaware of the extra cash, according to Mary Pitman, author of “The Little Book of Missing Money.” These funds are different than other unclaimed funds in that the property owner’s claim in some counties only last a few years. Contact the county clerk to find out which local agency holds the funds.
Enter more than one beneficiary and do update the contact information and address regularly of any of your investment and savings account. Guardian has an automated Life Balance Sheet to keep track of your financial plan and funds.
As your financial planning coach, I will review your financial plan on quarterly or on a regular basis to ensure that it still meets your needs. Connie Dello Buono CA Life Lic 0G60621 408-854-1883 motherhealth@gmail.com
40min lecture on personal finance at Mission Valley College
Yesterday, I taught personal finance for 40 min to 6 students at Mission Valley College in Fremont. I started by asking their beliefs about money. Money buys one of the important asset we have, time. Money creates memories and happiness in a way that we do not have to waste time searching for it. To create money starts with saving. We cannot be filling in our garage with unnecessary goods. When we buy any goods or service, we have to ask ourselves the value it provides and do we really need them or we just want them.
Many retirees have to go back to a Mcjobs since they did not prioritize saving early. We only need to downsize our standard of living and do not over spend. In our early working life, we can take a bus if we can to save up for a used car. We can share a room for as long as we can before renting a bigger place. In the valley, it is cheaper to rent than to own a house. We need to upgrade our skills to increase our income. Reviewing our net income each quarter or even months to ensure that our assets are greater than our liabilities.
We need to save first, invest and then spend in this order. Ask ourselves the added value of buying goods and if we cannot afford it, we do not buy. Stay away from shopping malls or do not bring more money when some of these money are already allocated for daily needs. Do not carry any credit cards, use one for gas purpose only.
We can start opening our wealth accumulation fund, from a different bank or institution from where we bank. And allocate at least 10% of our savings each month, automatically deposited to this account.
Please share your money saving tips or personal finance tips to our young generation via email motherhealth@gmail.com
Contact Connie to start your wealth accumulation account via an EFT each month. 408-854-1883
Healthy dinner for carehome owners in the bay area
If you own a bay area care home, healthy dinner is on us, 408-854-1883, using only titanium steel cookware from saladmaster. Do you know the many chemicals being leached by many of our cooking pots and pans from teflon and other materials. Some birds die from gas fumes leached out from our cooking pots and pans.
Reduce your time and energy in cooking using these titanium pots and pans. I met one of the reps at saladmaster last night and she had been using the cookware since 1980 and at age 50plus she does not have any gray hair and is in a very healthy shape. There are many testimonials from people who use healthy cookware and food preparation with more nutrients captured in their cooked food. So call especially if you are a carehome or business owner in the health service arena and wanted to own these tax-deductible cookware to promote healthy cooking and food preparation.
Our time when lost cannot be recovered and so it is an important asset that we have. Spend your time wisely with your business and family or love ones. In the financial planning arena, time can create wealth for you with the correct strategy of using a tax advantage way of reallocation of your savings and investments. Please refer me to those who wanted to save tax free and use proper reallocation of their savings and investments. 408-854-1883 Connie Dello Buono CA Life Lic 0G60621 motherhealth@gmail.com with a team of advisors from estate planners, investment specialists, CFP and other financial advisors in 50 US states.
Other saving tips:
- Avail of 420 tax deductions as business owners. Own one for less than $1200 such as the gourmet coffee business 408-854-1883.
- Get a discount from your home insurance by using an induction stove, no fire is used and very safe with children. Another discount for having a home security with comcast or xfinity or other home protection companies.
- Baby safe or grandparents safe your house
- Solar roofs when you have a high utility bill
- And email me for other saving ways that you know so we can share them to others (using coupons, travel clubs, etc)
Saving early in life is number one way to save for the future with money doubling every 8-12 years at a wealth accumulation plan. Call 408-854-1883 to show you these savings plan, with tax advantage.
Gift your college children with a saladmaster with electric connection. 408-854-1883
If you are my neighbor in the San Jose area, this month is free gourmet coffee at my place. Just call first. Connie 408-854-1883
Change your mind in 2.5 mins, an inspirational video
Change your mind in 2.5 mins, an inspirational video
College planning tip from a financial advisor and father of 3 college daugthers
Many parents put a ton of money at 529 college plan (that does not pay rent) and did not use it ($250k, or more). Their initial intention is to not lock their children in from an opportunity of their lifetime. Did I do enough for them, now that they graduated from high school? They asked this question as they watch their children with tears in their eyes marching from their high school graduation. And they say that it is their job as parents to help them with college.
Another story was said of an adult who graduated from Princeton from the money from his parents and now he is helping his parents financially who were not able to save for retirement just to send their children to college.
A student loan is a better option, while the parents money can grow in a real estate rental property with cash flow or a perm whole life insurance with tax free accumulation for retirement.
So do not over fund your 529 college plan, although it is tax free. Your goal is have control of your money, with 529 you give the money to an institution.
We have a college planning for you that you can control and that is not limited to the college your children wants to go to or decide not to go to.
Contact Connie Dello Buono for a better college plan/option 408-854-1883 motherhealth@gmail.com CA Life Lic 0G60621.
How much of your business net income you get to keep as a business owner
Can a dentist retire with $1M? Can a business owner retire with $2M? As business owners, taxes and savings should be our top priorities. Can you put your business income at risk? What is the lowest amount that you have in your business checking? Can we save 5% of your revenue for your savings, tax free and with guaranteed rate of return of at least 5%.
As business owner, we work more than 12 hours a day to keep our business. At the end of ten or 20 years we hope to make substantial income when the time comes to sell our business.
If you leave what you should save for yourself in your business account, all the gross income in your business is taxed including the money you should be saving for your retirement tax free.
Start saving now as a business owner to shorten the amount of time you need to retire. Using a perm whole life insurance, you are also increasing your estate, have a liquid money you can access via a loan after one year and with a guarantees to grow over time. We are going to call this a super charge Roth IRA, since there is no limit in it.
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If you are a business owner who wished to save tax free via a whole life insurance, contact Connie Dello Buono 408-854-1883 motherhealth@gmail.com , CA Life Lic 0G60621, for your savings account for retirement as a business owner. Start owning a savings vehicle/plan you can put your own money away before putting all of it in your business. In this saving vehicle, you can put money in and out.
Strategic Purchase Diversifies Guardian’s Dental Network
Strategic Purchase Diversifies Guardian’s Dental Network While Expanding into the Medicaid and Individual Exchange Markets
NEW YORK–(BUSINESS WIRE)–The Guardian Life Insurance Company of America® (Guardian), a leading provider of employee benefits and one of the largest dental insurers in the United States, has completed its previously announced acquisition of Sacramento-based Premier Access Insurance Company, a provider of dental coverage and care, serving more than 5,000 employers, and 630,000 members.
The addition of Premier Access strengthens Guardian’s existing Dental Preferred Provider Organization (PPO) and Dental Health Maintenance Organization (DHMO) networks in several states including California, Utah, and Nevada. It also extends Guardian’s reach into the state-run Medicaid and Children’s Health Insurance Program (CHIP) markets, which are expected to grow significantly due to expanded eligibility under the Affordable Care Act (ACA). Guardian will also gain a presence on six individual state exchanges, complementing its existing offering on 48 of the small business health (SHOP) exchanges.
“The completion of our acquisition reinforces Guardian’s position as a leading dental company and extends our reach to serve more Americans,” said Dong Ahn, Executive Vice President at Guardian. “Premier Access customers can continue to use their current dental centers or other providers within Guardian’s national network. We are committed to providing customers with quality dental services and a superior customer experience from Sacramento to across the nation.”
Guardian remains committed to growing and continuing to service the Sacramento community. Terms of the transaction are not being disclosed.
About Guardian
A mutual insurer founded in 1860, The Guardian Life Insurance Company of America and its subsidiaries are committed to protecting individuals, business owners and their employees with life, disability income and dental insurance products, and offer funding vehicles for 401(k) plans, annuities and other financial products. Guardian operates one of the largest dental networks in the United States, and protects more than eight million employees and their families at over 115,000 companies. The company has approximately 5,000 employees in the United States and a network of over 3,200 financial representatives in more than 80 agencies nationwide. For more information about Guardian, please visit www.GuardianLife.com.
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Contact Connie Dello Buono 408-854-1883 motherhealth@gmail.com for access to teams of financial advisors and Guardian whole life insurance products, 401K/IRA and disability income insurance.
How will you allocate your $3M cash at 60 yrs old? Hint: Protect your today to plan for tomorrow
Who owns the 10% of your money,around $300,000 from the total cash of $3M? The IRS, heirs, or left at an institution. How can you reallocate the $300,000 to get better performance with no risk? Permanent whole life insurance is a place to move your $300,000 with no risk.
Your cash asset creates more tax as it grows. If you are not after the return but you want to lower your risk, you know where to put the rest of your money.
If you think you would need long term care, a permanent whole life insurance with supplemental long term care or accelerated death benefit riders (terminal and critical illness riders) is a better wealth creation account that is risk free.
Your goal is to transfer wealth that is tax advantaged.
If your goal is for higher returns with high risks, you know what investment account you want your money in.
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Contact Connie Dello Buono for permanent whole life insurance (7 year-pay) with supplemental long term care that is risk free and with guaranteed returns. 408-854-1883 motherhealth@gmail.com
CA Life Lic 0G60621
1708 Hallmark Lane San Jose CA
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Note: If you are 40-50 yrs old and has $300k in investments and savings, you can reallocate 10% of it to a tax free and risk free, guaranteed return of 6%, a permanent whole life insurance is the way to go (for protection and estate creation). You can use your money as a loan in year 2.
Tax Savings: 40-50% of your accumulated investments
Goals:
- Protect your today to plan for tomorrow (perm whole life insurance) getting more than 16 benefits for today than during death.
- Organize your finances. Asset reallocation is important for ages 45 and above since you have less time to grow your money and you have to consider spend down.
- Maintain 6 months to 1 year of your income as savings.
- Save 15-20% annually to protect you for the real costs of living (taxes, inflation,new gadgets, increasing price of gas, etc).
- Last, pay up short term debts.
How much of your savings, investments, retirements and other funds are tax free?
How much of your savings, investments, retirements and other funds are tax free?
The best time to pay taxes is today and not in the future when our investments or savings are bigger, which translates to bigger taxes. So your 401k savings is really not totally your own, half of it goes to IRS.
Let me show you a cash flow analysis looking at your income taxes, deferred taxes and other taxes to ensure that you can have a tax advantaged financial plan.
What are your reasons for opening a particular investments or savings account?
Are you satisfied with the amount of future income taxes incurred from your savings or investments?
Let me help you navigate your cash flow, showing your graphically using the Life Balance Sheet, protecting your from incurring more taxes and reallocating your assets, maximizing your wealth and protecting your cash accumulation.
When do you want to retire? Each age group, the younger 40s and the 40plus generation have their own path to achieve the maximum wealth accumulation in a tax advantaged way.
I will plan for your finances ensuring that any tax increases over time is accounted for in your overall financial plan. Using proper asset reallocation, I will ensure that you have the cash value and net worth taking into account lesser taxes that is eating up your savings or investments. Each year, we will proactively be on top of your financial plan to get all your money back eaten by taxes.
Together we will take action so that you did not lost any opportunity costs.
Connie Dello Buono
Financial Planner
CA Life Lic 0G60621
408-854-1883
motherhealth@gmail.com