Cost of waiting

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 CA Life Lic 0G60621 for an IUL policy with tax free accumulation with living benefits for terminal, chronic and critical illness added at no cost and investment with returns up to 13%, safe and all in one policy. We are in 50 US states. Now hiring, business owners/agency owners.


Financial Coach-Agency Owner


Real estate worries of generation X and Y

re sinks landlordThe 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-directors of “There’s Something About Mary”-were hitting the movie scene and the real estate market was warming up.

These initial purchases were greeted with solid gains and falling interest rates, so when Scott and Ann-as we’ll call them-were ready to move up from their starter home to make room for their growing family, they decided to refinance and rent their first home. They got good renters, made a monthly profit and saw their net worth begin a sharp upward climb.

Since it worked so well the first time, why not do it again? Scott and Ann took meaningful chunks of their ever-expanding equity from their growing real estate portfolio to fund new home purchases. After all, the banks wouldn’t lend them this money if they actually thought it was dangerous, would they? In their early 30s, Scott and Ann were poised to become millionaires soon, at least on paper.

This strategy worked great-until it didn’t.

They lost a renter in one house and started having less amiable phone calls with lenders, soon resorting to unsecured credit cards for excess expenses. Their equity shrunk, seemingly overnight, and kept shrinking until it ceased to exist. Adjustable mortgage rates started adjusting in unfavorable directions, while their net worth accelerated into the red.

Scott and Ann’s household income-more than $150,000 annually but comingled with their real estate “business”-could no longer support their family, until all was eventually lost in a dual personal bankruptcy that shattered them personally and threatened them professionally.

ImagePlagued by guilt and embarrassment, Scott, who’d shielded Ann from most of their financial woes until they were impossible to hide, had trouble sleeping through the night, until he woke one morning with a freeing picture in his mind.

He saw the number zero preceded by a dollar sign. “$0,” he told me, “is the amount of money and material possessions we take with us when we leave this world.” His vision provided a valuable lesson, indeed, but one I’d have preferred Scott to learn in a book.

Scott and Ann’s story is 100 percent true, but sadly it’s not unique. The intense compounding of leverage-fueled rates of return on seemingly safe hard assets wooed entirely too many Gen Xers into part-time landlord gigs that eventually failed. For many more, home equity dwindled, thanks to cars, vacations and even more noble uses, landing vast numbers of 30-somethings among the millions still underwater on their homesteads.

As a generation, however, we’ve learned several lessons that will serve us well into the future:
-Real estate can be a good investment, but it is not a safe investment, made even less safe because it is typically bought with leverage.
-Without leverage, the most you can lose is your initial investment. With leverage, you can lose substantially more than your initial investment.
-In order to benefit from rental real estate, you must be willing and able to be a landlord. Most aren’t.
-Owning more of a good thing is not always better. Concentrating is gambling; diversifying is investing.

Studies have shown that Generations X and now Y are more conservative than their predecessors, which is completely understandable after they saw the financial crash of 2008 follow the real estate crash of 2006, which has been preceded by the tech bubble bursting in the early 2000s.

Some say younger generations are being too conservative, but I think it’s a good lesson to learn: No investment is likely to make us, and therefore it shouldn’t be put in a position to break us.


Call Connie Dello Buono CA Life Lic 0G60621 408-854-1883 1708 hallmark lane San Jose CA 95124 for a risk-free investment, lifetime retirement savings plan that is tax-free and with health benefits, returns up to 13%.

A recession is when your neighbor loses his job and a depression is when you lose your job

The difference between the two terms is not very well understood for one simple reason: There is not a universally agreed upon definition. If you ask 100 different economists to define the terms recession and depression, you would get at least 100 different answers. I will try to summarize both terms and explain the differences between them in a way that almost all economists could agree with.

Recession: The Newspaper Definition

The standard newspaper definition of a recession is a decline in the Gross Domestic Product (GDP) for two or more consecutive quarters.

This definition is unpopular with most economists for two main reasons. First, this definition does not take into consideration changes in other variables. For example this definition ignores any changes in the unemployment rate or consumer confidence. Second, by using quarterly data this definition makes it difficult to pinpoint when a recession begins or ends. This means that a recession that lasts ten months or less may go undetected.

Recession: The BCDC Definition

The Business Cycle Dating Committee at the National Bureau of Economic Research (NBER) provides a better way to find out if there is a recession is taking place. This committee determines the amount of business activity in the economy by looking at things like employment, industrial production, real income and wholesale-retail sales. They define a recession as the time when business activity has reached its peak and starts to fall until the time when business activity bottoms out. When the business activity starts to rise again it is called an expansionary period. By this definition, the average recession lasts about a year.


Before the Great Depression of the 1930s any downturn in economic activity was referred to as a depression. The term recession was developed in this period to differentiate periods like the 1930s from smaller economic declines that occurred in 1910 and 1913. This leads to the simple definition of a depression as a recession that lasts longer and has a larger decline in business activity.

The Difference

So how can we tell the difference between a recession and a depression? A good rule of thumb for determining the difference between a recession and a depression is to look at the changes in GNP. A depression is any economic downturn where real GDP declines by more than 10 percent. A recession is an economic downturn that is less severe.

By this yardstick, the last depression in the United States was from May 1937 to June 1938, where real GDP declined by 18.2 percent. If we use this method then the Great Depression of the 1930s can be seen as two separate events: an incredibly severe depression lasting from August 1929 to March 1933 where real GDP declined by almost 33 percent, a period of recovery, then another less severe depression of 1937-38. The United States hasn’t had anything even close to a depression in the post-war period. The worst recession in the last 60 years was from November 1973 to March 1975, where real GDP fell by 4.9 percent. Countries such as Finland and Indonesia have suffered depressions in recent memory using this definition.

Now you should be able to determine the difference between a recession and a depression without resorting to the poor humor of the dismal scientists.


We are hiring financial service pros, building their own businesses, in 50 US states helping families save tax-free for a lifetime retirement income with health benefits. Connie Dello Buono 408-854-1883


Financial Coach-Agency Owner


Roth IRA and Index Universal Life Policy, both tax free retirement plans

Roth IRA, municipal bonds and Index Universal Life Policies (IUL) are all tax free retirement plans. I choose  Index Universal Life Policy with living benefits because of the many limitations of Roth IRA. With my age and income fluctuations, I can save more in sickness or health, create a bigger estate when I die and not have many limitations. The only one limitation of an IUL is that you must be healthy or have a manageable health condition.

But it is good to diversify.

Here are the most common and sometimes costly mistakes you must avoid with your Roth IRA:

1) Not Being Eligible. You or your spouse must have earned income to contribute to a Roth IRA, but not everyone qualifies, specifically if you’re a higher income earner. The IRS adjusts income thresholds every year to determine if you qualify for a Roth contribution. It’s important to note that you file Married Filing Separate you generally lose the ability to contribute to a Roth IRA.

2) DIY Roth Conversion. While it’s technically possible to draw out your IRA funds (take possession) and then transfer to a Roth IRA it’s not worth the risk of missing the 60-day deadline which could cause you big taxes and the loss of the Roth. It’s easier and more preferred to convert an IRA/401(k) to a Roth via a custodian to custodian transfer.

3) Excess Contributions. It’s no secret that just contributing the max to your Roth won’t provide you enough money throughout your retirement, but be mindful of the annual contribution limits of $5,500 (ages under 50) and $6,500 (ages 50 & over). If you over contribute you may be assessed an IRS excise penalty.

4) Missing Out. One of the biggest mistakes is not having a Roth at all! Even if you contribute to your company 401(k) you still may qualify to contribute to your Roth IRA. Even if your spouse isn’t working you may be able to contribute to his/her Roth as well, in addition to yours, what’s called a “Spousal Roth IRA Contribution.”

5) Not Maximizing Your Tax Bracket. Are you in a low tax bracket? If so, have you maximized your bracket? Say you make $50,000…you’re in the 15% bracket, meaning that you make less than $73,000, why not convert $23,000 of your IRA/401(k) to a tax-free Roth…all at a 15% tax rate? The same logic may hold true for the 25% bracket, those making less than $148,000, married filing joint.

6) Beneficiary Boo Boo. One of the benefits of a Roth is that you are not required to take a yearly RMTD (Required Minimum Taxable Distribution) at age 70 1/2 and older. This is welcome news for Roth IRA owners and their spouses, but when the Roth is passed to non-spouse beneficiaries they are required to take yearly RMDs (of course tax-free), which is often missed and penalties ensue. I suppose this requirement is to limit the amount of wealth that can be passed for generations, but the Roth is still a good deal because, if structured and invested properly, it may pass through 3 generations…all tax-free!

7) Missed RMD Before Conversion. If you’re 70 1/2 or older and subject to the dreaded required taxable distribution from your Traditional IRA be careful when converting to a Roth IRA. Contrary to common sense, before a Roth conversion takes place you must first satisfy your yearly IRA required distribution, then you may convert the remaining balance in your IRA to Roth.

8) Missing Beneficiaries. I know it sounds elementary, but I estimate about 2 out of every 3 prospective clients I meet with have incomplete beneficiary designations. It’s typically due to one of two mistakes. First, there are no beneficiaries listed beyond the primary beneficiary…with everything in life you must have a contingency plan, so make certain you have a contingent beneficiary listed on your Roth. Second, if there are beneficiaries listed they are vague…there’s a big difference between “named beneficiaries” and “designated beneficiaries”, be specific. List their name, DOB, social security number, and address to avoid confusion and problems upon inheriting the Roth.

how the rich saved their money wisely and the smart middle class retiring with sufficient nest egg

Saving money ($5k per year) from the time that the baby is one year old can make the baby a Million dollar baby.

Procrastination will not help us save for retirement.

Most people are in debts because they focus on their debts that they have no money left to keep and save.

Did you know that bank money are not really savings because your money is always accessible to buy and spend and so you end up with no savings?

Save a minimum of 15%, live on less than 85%.   Do not buy a house that you cannot afford. This is what your mother will tell you. You can live with your parents until such time that you have enough savings. That would be at 30 yrs of age if you start saving at 20 since your money doubles every 9 yrs at 8% return.

Do not impress people who you do not like but impress your mother or father first by saving and be wise with your money.

The key is you still have to set aside money in the long term. Less waste accumulating in your garage but more on living life within your means.

Make your mother happy by showing her that you have the discipline to save for rainy days.

Ideal financial plan

  1. Save 5%, Emergency: 0% return, no commitment, 3months of funds toward emergency funds
  2. Save 5%, Mid range 3-4% return;  necessities like car and house
  3. Save 10%, Long term: 5-10% return  toward your retirement years so that you do not have to get another job during old age

Do not pay your debts first but pay yourself first by saving money safe/guaranteed and have a good rate of return.

You only have 10 yrs before retirement and you are still thinking about saving in the future but not now. Why wait, you have been working for a long time and you have to pay yourself first.

Save now with automatic pay before retirement threats happen and without you feeling it, your nest egg could grow to a lifetime retirement income of $65k per year for the next 30 yrs of your life.

Borrow money to invest in your savings plan that grows up to 13%.  No excuses in paying yourself first by saving now. A high mortgage or house you cannot afford and a car payment you cannot afford make it difficult to retire with enough money and not go back to a McJob.

When will you start saving, you are in debt paying all the negative debts and already borrowing money.

Let’s start focusing on the positive asset, a savings plan that is growing at least 8% and not the 21% credit card bills.

We are always consuming, but we can control it by saving now automatically from your bank to your investment savings plan at 8-13%. Forced savings is the only way to get yourself in a retirement plan that can pay you a lifetime tax free retirement income with no market risk.

Call Connie Dello Buono 408-854-1883

Do you want to work at Mcjobs when you are 65 yrs of age? Working at mMjobs is the last work experience for most of those who did not plan saving for retirement.

You can start anywhere from $100 to $1000 per month or more and not be like some of the movie stars or lottery winners who lost their millions. You can even save in one lump sum and wait every 9 yrs to see your money doubles with a rate of return of at least 8%.

Through an invest-o-matic program, many families whom we have helped have forced savings that they can depend for a lifetime , tax free and no market risk. Keep all your money, unlike the 401k which is taxed at least 50%.  You may see more of how this product works on Monday at Oyster Point South San Francisco at 5pm. Contact Connie Dello Buono, CA Life Lic 0G60621 at 408-854-1883 .

Are you willing to work for another 20 years of your life because of the risks you took in the market with stocks, 401K and other risky investments that we call gambling?

A hedge in inflation must have a return of 5% or more so you have money left when you retire.

Is your bank safe? Where do you think the word bankrupt came from? Did you know that over 10,000 banks have shut down in the last 10 years?

FDIC means Federal Depository Insurance Company where the guarantee is based on the federal reserves. 20 years ago their reserves are 12 cents to every dollar.  For every $100, the reserve drops to $1.20.

LRL is the Legal Reserve Loss. For every dollar you invest the insurance company must have a dollar in reserve.  All life insurance companies are legally regulated to have sufficient reserve.

The insurance company that I represent has a reserve of $3.67 for every $1 of your money (savings and growth).

For every obligation we get into comes responsibilities.

What if you have a heart attack the next day?

You will always get a job, and replace it but your life cannot be replaced.

If you don’t do anything different do you expect your life in to the future to change any different?

How would you like to have more vacation days, a lifestyle that is debt free with no money problem. Isn’t that what most people dream of?

Join us on May 17 at the Embassy Suites in Walnut Creek if you are interested to have no excuses to earn the income you deserve. 408-854-1883 for your free tickets as guest. And learn how the rich saved their money wisely and the smart middle class retiring with sufficient nest egg than those who have earned a high net income. Learn how the young generation have prepared for their retirement income for a lifetime that is tax-free and with zero market risk.


Free trip to Europe in 2015, a $15,000 luxury value trip for two with cash and lux

All the travel and luxury, for only referring 9 high net income clients to Connie and they will be guided to save at least $900 per month towards a lifetime tax-free retirement income with no market risks for them and their families. And most of all, access to funds up to $1.5M when cancer, stroke or disability occurs. Just believe and be out of your comfort zone.

Build wealth without taking unnecessary risk to create a risk-free financial lifestyle. Call 408-854-1883 for a zero market risk retirement savings strategy using an IUL or combo with indexed annuities or email connie at

Leverage people, time and technology to simply focus on what matters most in helping others succeed with personal touch, communication and personal service.

Execute your goals with massive action and faith. Faith in the system, product and team. Create a trust within your internal and external customers. Confidence in the backbone of success, derived from learning from the best. Move away from comfort zone to a magic zone, where tax-free retirement is possible and earning with no glass ceiling is the norm as you own your own retirement planning agency with team support. Commit to systematically save each month, tucked away and automated via an ETF (electronic fund transfer). I do not go shopping in the mall, when I do I only bring enough money to avoid overspending.

The Paradigm Shift is a way to remind us to go to that magic zone away from our comfort zone to find the financial fulfillment we have been searching for.

The Pike Syndrome teaches us not to give up our dreams (Do you not stop dreaming until the end to reach your goal). It tells us this lesson:  An aggressive fish who stopped reaching their goals or dreams because they think it is not reachable. When brought inside a place where the food is blocked by a glass and for 20 or so attempts to reach their food, they stopped and died. Even when their food is just touching them as the glass that blocked their food is released.

Real wealth is not measured by the amount but how long it will last. A lifetime tax-free retirement income exists. Call 408-854-1883

Where people flow, be a cash flow. Be a switch that you can just turn ON.  It’s time to turn up the heat. Be the thermostat.

Do not extinguish the fire in your belly, to not stop the need in you to fulfill your dreams no matter what. There must be a burning desire in you to create a job, with unlimited income for the rest of your life. No stopping, even when obstacles come your way.

Simplify your focus. Be a team player. Build relationships, be a giver and you can receive unlimited referrals. Do not let money fulfill your hunger. Help others, and you will reap the reward and the challenge to fulfill your dream to see others reach lifetime retirement income.

Join me if you are a people savvy person. No capital or experience required. Get 475 tax deductions as a business owner.  Make calls per day. Three appointments a week.  You will have a field trainer to work with you for a lifetime for your own business where profit sharing is a norm and monthly bonus is also a norm and you get a raise each time you make a sale and get a referral. Maintain the momentum until you get your free trip to Europe in 2015 for free (a $15k value for two).

The four quadrants where people are in their stage of work and life accomplishments:

The first quadrant, where our parents taught us to be an employee, E.

The second, where we bought our job as self-employed, S.

The third, as business owners. Business runs without them, money comes to them. Join me so you can set up a Schedule C, business for yourself, most of your expenses are tax deductions (475 tax write offs).

The last quadrant, where we become savvy Investors, I. We make money work for us. Money doubles every 9 yrs or less based on rule of 72.

Adjust in life to get a source of income. You need a vehicle to carry your financial weight.  Good example of best tax write offs: realtors and insurance agents.

Change the vehicle where you are at. Is that vehicle taking you where you want to go? Accomplishing your goals instead of 20 yrs, do it in 5yrs.

Be a business owner and let money work for you. I have a vehicle for you. Call Connie Dello Buono, CA Life Lic 0G60621 , 408-854-1883

Success is the choices you make along the way, I found what I am looking for. Let me share it with you. Be open for knowledge and truth.

Don’t expect different results by doing the same thing 8am to 5pm.

Reset what you are doing now to thrive to the new economy and prepare for your lifetime tax-free retirement.

Follow the rule of 100 in investing. Start with 100 and subtract your age.The difference is the percent you should have at risk in your portfolio. This rule will help you keep in financial balance.

Balanced diet, balanced financial risk exposure and strength.