Govt Spending Trends in the USA

trends spendspending p00spending p0spending p1spending p2overall spending trends

  • Despite a dislike of taxes (e.g. in 2014, 57.0% said their own federal income tax was too high, 39.0% about right, 1.6% too low, and 2.4% don’t know), more people have always favored increases in spending than cuts.
  • In 2014, as in most years since the 1970s, people have backed more spending in about four-fifths of the areas and less spending in only the bottom quintile.
  • Moreover, the number of areas with positive net spending scores not only outnumbered areas with negative scores, but are also larger. In 2014, the largest negative score (-61.7 for Foreign Aid) was bested by the top positive score (Education +66.6) and other top positive scores were well above the other negative scores.
  • The level of support has however waxed and waned over the decades.
  • Support for both overall spending and domestic social spending declined from the early 1970s to the early 1980s before rebounding to a peak in 1990.
  • Then support again fell off to lows in 1994-1996.
  • After that support again picked up with overall spending peaking in 2006 and domestic social spending topping off in 2008. Both scales fell during the economic downturn.
  • The over-spending score has started to rise again, but support for domestic social spending has not recovered.
  • Currently Education is clearly the public’s top spending priority with a very high score (+67) that is above even other very popular areas like Halting Crime, Assistance to the Poor the Environment, Social Security, Dealing with Drug Addiction, and Alternative Energy (+46 to +53).

3-day success list from Tony Robbins, rep speakers Tom Nestor and AJ, at business seminar in Walnut Creek

My past does not have to equal my future unless I choose to live there.

Reasons for not playing a 9-10 in our business are due to lack of:
drive, discipline, planning, priorities, poor time management, fear of failure, procrastination, lack of commitment and focus – 100%, not doing the success list/activities and follow up.

Is it true that you are also not playing 9-10 in other areas of your life? Does your income affect your relationship?

What is the difference that makes the person shift his mind and make a total shift in his life experience?

Strategy , Activity and Mindset

Strategy: Where are you going in your direction?

Activity: Are you doing your success list?

Mindset: Your ability to take action, certainty, preparedness and with laser focus determine your success.

BS , your belief system, determines your thoughts and influence your decisions, your decisions determine your actions or lack of actions and your action determine your results.

BS is a feeling of absolute certainty.

1. Limiting Belief: Takes you nowhere to your goal. When it grows, doubts grow. You tap less of your potential, less actions and less results. This cycle becomes a failure cycle.

2. Empowering Belief: Take massive action. Your positive success cycle is a result of empowering belief , no fear in meeting your goals each day.

Belief -> Potential – > Action – > Results = $150k by Dec 2014 (since majority is earning this in my agency)

Be resourceful by removing any limiting beliefs in your system. You are not dictated by the outside world.

We are going to succeed if we do not let limiting beliefs grow in our system.

A R E: Action, reward and easy …This leads to referrals.

My past does not have to equal my future unless I choose to live there.  Make a paradigm shift, join me in a career/business for yourself helping others with tax free retirement with full living benefits 408-854-1883 Connie Dello Buono

What life will truly be like if I destroy all my limiting beliefs? I will create a life I truly enjoy if I do this. I can retire early in 10 years instead of 20 years. Never again will I be financially broke, never again I will labor and trade time for money, never again I will be lacking in activities that is productive and helpful to everyone around me (creating memories and financial independence).

What we focus on, our internal language and belief system determine our success removing all these limiting beliefs.

What is your best investment in this kind of economy? YOURSELF, let me help you not lose any more money from your investment, get full living/health benefits and a lifetime tax free retirement income (using up your life insurance and cash accumulation to provide income until you are 119 yrs old).

<a href=”″>Connie Dello Buono Tax Free Income Planning</a>

Do we know how we spend our money each month?

Feb % of net income Feb Mar %Mar
net income less taxes and deduc 30000 30000
car ins 200 1% 200 1%
car rent 1300 4% 800 3%
home rent 3200 11% 3200 11%
other insurance 250 1% 150 1%
food and grocery 800 3% 750 3%
Dinner-restaurant 500 2% 250 1%
travel,cell,work expenses,cert,mags,CE,student loans 2000 7% 2000 7%
clothing,grooming and jewelries 600 2% 400 1%
credit card payments 10000 33% 6000 20%
babysitting and day care 2500 8% 2500 8%
total expenses 21350 71% 16250 54%
net income after expenses 8650 29% 13750 46%
auto pay retirement savings 3000 10% 3000 10%
Net savings house downpayment 5650 19% 10750 36%

2014 Tax Guide, 1-hr Tax-free Retirement Planning in Mt View

2014 Tax Guide 40 changes from IRS

2014 Tax Guide from Forbes

Dear Peninsula and bay area residents,

A free 1-hr tax-free retirement planning seminar will be held at the Mt View Library March to Dec 2014 (9am-6pm).  Speakers will be invited from various financial service and tax-preparation companies.


  • Health and Financial Threats
  • Avoiding foreclosures
  • Seven ways we are taxed
  • Taxed, tax deferred and tax advantage or tax free retirement savings
  • Index strategy with zero market risk
  • Index Universal Life Policy for 0-80 yr olds
  • Index Annuities
  • Long term care planning and costs
  • College and retirement plans and choices
  • Limitations of IRA and 401k
  • Summary of changes in tax laws in 2014
  • Supercharge retirement strategy
Contact Connie Dello Buono 408-854-1883 for more information
Cost: Free

Retirement Checklist or Bucket List in 2014

How do we allocate our money?  This year, I plan to allocate my money as follows: 1/3 in long-term savings, 1/3 in short term and 1/3 to create experiences with family, love ones and the community I live.  I will allocate my time to create more income and build relationships.  At 50plus, we all should save at least 20% of our earnings for retirement as we live long, have health threats or a retirement crisis.  For the self motivated 40plus, we are hiring part time financial planners (in 50 US states), with a life/health insurance license , as non-captive agents where you can take your clients with you when you move to another brokerage.


A typical job lasts for about five years, according to Forbes magazine. The average marriage lasts about eight years, according to the Census Bureau. But figures from the Social Security Administration show that the average American is retired for over 20 years.
Deciding when and where to retire is one of the most important decisions of our lives, and everyone should do their homework before taking this big step. If you’re already retired, you should continue to reassess your situation and be ready to adapt to changing conditions as well as your changing aspirations. You will probably want to look deeper into certain issues. But this checklist is a good place to start.
1. Figure out what you want to do in retirement. If you approach retirement like an extended vacation, you’ll probably be disappointed. There’s nothing wrong with wanting to do more gardening or play more golf. But most satisfied retirees also look beyond themselves to set real-life goals, whether it’s starting their own business, writing a family history, traveling to all seven continents or taking care of their grandchildren.
2. Are you going to work? According to one survey, three quarters of today’s workers expect to work part time after they retire. But only about one quarter of retirees actually do. Why the difference? Many people believe their old employer will hire them back as a consultant, or they think they can land an interesting new job. But expectations often don’t match reality. If you plan to work after retirement, scope out your opportunities ahead of time.
3. Decide where you’re going to live. The typical retirement dream involves riding off into the sunbelt, golf clubs and beach umbrella in hand. Many retirees do take that route and are happy for it. Others decide to move near their grandchildren or retire overseas. But the majority of retirees never leave home. They may downsize, but they stay close to friends and relatives.
4. Figure out your health insurance. For most people this means signing up for Medicare at age 65, along with a supplemental insurance plan. Most of us might not retire before age 65 like my mom who worked till she is 78 to support her 12 grandchildren who are in college.

At 65, we really need a health insurance. Many people can keep coverage from an old employer, or get insurance through a professional association. The Affordable Care Act also now brings new options to early retirees. Whatever your situation, make sure your health insurance doesn’t lapse.
5. Take inventory of your assets. The main difference between working and retirement is that you no longer get a paycheck in retirement. Many experts insist you need $1 million in assets to support a comfortable retirement. Some say less; others say more. You should take a realistic picture of your financial assets, including pensions, retirement accounts and all other resources (don’t forget to factor in your debts) to see if you have the resources to support yourself for 20 or 30 years.
6. Determine where your retirement income will come from. You must turn your assets into the stream of income you’ll need to pay your bills. Add up your monthly income from pensions, Social Security and any other sources. Then figure out how you’re going to produce income from your retirement accounts and personal savings. It can be a complicated process, so consult a professional if you need help.
7. Decide when to sign up for Social Security. Conventional wisdom says you receive full benefits once you hit full retirement age, which is 66 for most of us. The better way to look at it: you’re eligible to begin benefits anytime between age 62 and 70, on a sliding scale. The longer you wait, the bigger your check.
8. Account for unexpected expenses. Consider how you’ll handle non-routine expenses in retirement such as a large medical expense or major home repair. Will you have to help support a grandchild? Do you want to leave an inheritance for children or a favorite charity? Also, consider the effects of inflation over time and the risk of outliving your assets.
9. Consult your spouse. Retirement planning is nothing but a pipe dream if you haven’t talked it over with your significant other. The sooner you start talking, the better your planning will be. Also, share your hopes and aspirations with your children and close friends so they know where you’re headed.
10. Make a plan. Now that you’ve collected your thoughts and analyzed your situation, don’t just sit there. Make your retirement plan. Dream big. Think outside the box. Share your thoughts. Then get ready to enjoy the retirement of your dreams.


Connie’s retirement bucket list: A long-term retirement strategy includes: 13% return that does not participate in the downside of the market, based on SP500, tax-free, with health benefits added at no cost during health threats such as cancer, stroke or disability, leaves an estate to the next  generation, liquid that can be withdrawn and most of all, if you are still trainable can provide you a par time job as financial planner.

My choice that is not listed below is with a retirement strategy that is tax-free, less admin costs, liquid, safe, grows at 13%, long term savings with health benefits via the retirement plan/college plan with no age limits and better than a Roth IRA, in an IUL policy which I share with others.  Call Connie Dello Buono 408-854-1883 ; in 50 states , CA Life Lic 0G60621

Plan for retirement

80% of employees who have taken our financial wellness assessment report not being on track for retirement. If your employer offers you a match on your contributions, at least contribute enough to max it out so you don’t leave any of that free money on the table. Beyond that, you’ll want to calculate how much you need to save to reach your retirement goals. But with any calculator, it’s garbage in/garbage out. Be sure to factor in the possibilities of reduced Social Security benefits, lower real investment returns, longer life spans, and higher health care costs in retirement.

Save for education expenses

With rising student loan debt in the news, saving for college is understandably a rising concern. However, make sure that your retirement is on track first because there’s no financial aid for that. In addition, understand that very few people are able to save enough to fully fund all education costs from savings so don’t let those numbers discourage you. You can start by estimating how much you would need to contribute to your child’s education expenses so you can calculate how much to save.

Take advantage of tax shelters

By using tax-sheltered accounts, Uncle Sam can help you save towards various goals. Your company may offer flex spending accounts to put money away tax-free for dependent care and health care expenses but be aware that you may lose whatever you don’t use by the end of the year. If you have a high-deductible health care plan, a health savings account can let you save and accumulate money tax-free for health care expenses (and for anything penalty-free after age 65). Your employer’s retirement plan and IRAs allow you to put money away tax-deferred or invest it to grow tax-free for retirement. Coverdell education savings accounts and 529 college savings plans allow tax-free earnings for education.

Make sure your investments are properly diversified

The biggest factor in determining the risk and return of your investment portfolio is your asset allocation or how your money is divided between basic asset classes like stocks, bonds, and cash. A simple way to a diversified portfolio is to invest in pre-mixed asset allocation fund. Some are based on a fixed level of risk while others reduce automatically reduce the risk level over time as you approach your target date for goals like retirement or education.

If you prefer a more personalized approach, see if your employer or retirement plan provider offers unbiased asset allocation guidance through a financial education company or advice through programs like Financial Engines and GuidedChoice. There are also low cost providers of online investment advice like WealthFront, Future Advisor, and Personal Capital. Finally, if you want your investment advice as part of a more comprehensive financial plan, you can find an unbiased investment adviser through  groups like the Garrett Planning Network or the Alliance of Cambridge Advisors.

Minimize your investment costs

Studies have shown that low fees are actually a better predictor of future mutual fund performance than past performance or even Morningstar ratings. To minimize mutual fund fees along with taxes and other trading costs, consider implementing your asset allocation plan with low cost index funds that simply track the market and generally end up outperforming more expensive actively managed funds. You can further minimize taxes on your investment income by keeping tax-inefficient investments like taxable bonds, REITs, commodities, and high turnover funds in your tax-sheltered accounts as much as possible.

Harvest tax losses

Although this year looks like another good year in the stock market, you may have some investments in taxable accounts that have lost value. By selling them at a loss, you can use the losses to offset other taxes. Just don’t repurchase the same investment within 30 days or you won’t be able to deduct the loss.

Treat yourself and those you love

Finally, don’t forget that the ultimate purpose of money is to provide for the needs of you and your family. How you do it is important though. Once your needs are taken care of, meet some of those wants with a vacation or occasional outings that let you spend more time together. Studies show that spending money on experiences creates more and longer lasting happiness than spending on material purchases.