Good leaders know when to delegate, and when to seek expert opinions. So as the leader of your personal finances, you shouldn’t be afraid to consult a financial planner–when appropriate. Here are ten scenarios to help you determine when it makes sense to hire a professional to provide investment and financial advice. Planners typically chargeContinue reading “Do you need a financial planner?”
Category Archives: retirement income
Mutual Fund Costs
Costs are the biggest problem with mutual funds. These costs eat into your return, and they are the main reason why the majority of funds end up with sub-par performance. What’s even more disturbing is the way the fund industry hides costs through a layer of financial complexity and jargon. Some critics of the industryContinue reading “Mutual Fund Costs”
Crisis in Retirement Planning by Robert Merton
Corporate America really started to take notice of pensions in the wake of the dot-com crash, in 2000. Interest rates and stock prices both plummeted, which meant that the value of pension liabilities rose while the value of the assets held to meet them fell. A number of major firms in weak industries, notably steelContinue reading “Crisis in Retirement Planning by Robert Merton”
Retirement Planning Video
No more market loses and taxes with index investing and Personal Finance 101 for rich and poor
Rich or poor you can still save for a lifetime retirement income/pension/savings plan or your own personal 801k. Your money does not participate when the market is down, keeps your gain and principal intact. Nor market loses or risks. You save your net income each month, $200 or $3k or even more, no income limitsContinue reading “No more market loses and taxes with index investing and Personal Finance 101 for rich and poor”
Inherited IRAs are taxable, Roth IRAs and Index Universal Life Policies are tax-free retirement funds
Supreme Court has ruled that inherited IRAs are not retirement funds, are taxable and creditors can find it (even when the owner shielded it inside a trust). Call Connie Dello Buono 408-854-1883 motherhealth@gmail.com for IUL with zero market risk, tax free and with living benefits , access to funds when health threats occur. Returns fromContinue reading “Inherited IRAs are taxable, Roth IRAs and Index Universal Life Policies are tax-free retirement funds”
Frugal habits of those who retired rich
65 yrs old and need to plan money withdrawals from annuities, Index UL and other plans
older-adults-money-advice I have helped older adults use tax-free retirement money and let their money work for them allocating idle money from CD towards their indexed and immediate annuities and index Universal Life Policies for a tax-free lifetime retirement income with no market risks and with health benefits when cancer,stroke or disability occurs. Call ConnieContinue reading “65 yrs old and need to plan money withdrawals from annuities, Index UL and other plans”
Good logic of cash withdrawal for retirement
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Cost of waiting
A 45-yr old doctor who bought an IUL policy for cash accumulation, health benefits and death benefits vs a 47 yr old doctor. ———- Call Connie Dello Buono 408-854-1883 motherhealth@gmail.com CA Life Lic 0G60621 for an IUL policy with tax free accumulation with living benefits for terminal, chronic and critical illness added at no costContinue reading “Cost of waiting”
Real estate worries of generation X and Y
The most pain-yes, even marginally greater than that of former Enron employees and Bernie Madoff scam victims-has been felt by a younger generation, however, in America’s suburbs, far from Wall Street. Relinquishing its collective Abercrombie & Fitch flannel shirts for suits and ties, Generation X was buying its first homes just as the Farrelly brothers-directorsContinue reading “Real estate worries of generation X and Y”
Major Money Mistakes Couples Make
Using home equity to add a swimming pool. And then the husband died without life insurance and retirement plan. And now the house is foreclosed and the wife is waiting to be evicted by the bank. Mom stayed at home for three years to take care of two young children and hubby is only makingContinue reading “Major Money Mistakes Couples Make “
What my parents thought me about finance
My father did not teach me how to leverage my money or assets to control another asset or make my money work for me by compounding and setting aside a long term savings plan with no market risk. He likes to take a risk and my mom cares for necessities and not investments. Like anyoneContinue reading “What my parents thought me about finance”
When to start receiving social security benefits?
when to start receiving social security benefits from ssa.gov My 65 yr old client who owns a beauty salon and lost $500k in the stock market is deciding whether to start receiving her social security benefits now or wait for two years. She then decided to wait for two years given her health condition andContinue reading “When to start receiving social security benefits?”