Doctors, carehome owners and caregivers are some of my clients

They all know that health threats like cancer,stroke or disability can occur without warning.

And that they are safe in knowing that they can leave behind a substantial estate with a stroke of a pen to their love ones.

And that to act now means ensuring their retirement for lifetime income sooner than later with money doubling every 9 years.

A caregiver in his 50s saving $184 and up per month to secure his lifetime retirement income, disability insurance similar to long term care and life insurance leaving around $200k to her 3 children and wife should he die early.

A carehome owner who owns 6 houses , takes care of developmentally disabled teens and who does not want to burden her two children should he needs long term care or die too soon.

A doctor who needs to save for his children’s college and retirement, who uses the IUL policy to have a tax free lifetime retirement income that is flexible, secured and had been growing at an average of 8% during the last 25 years.

A self-employed business owner, single mom who wants to leave an estate to her two children and future grandchildren, and wants to save tax free with no market risk lifetime retirement or pension via our IUL.

If you are still healthy and have no sizeable savings, you can start now. If you know that you have genetic predisposition to some disease, do call to protect your health and life and lifetime retirement income.

Free information to bay area pros who have parents with Alzheimer’s disease, Parkinson’s, heart disease and cancer on financial and health planning. Email Connie.

Call Connie Dello Buono CA Life Lic 0G60621 at 408-854-1883 motherhealth@gmail.com 1708 Hallmark lane san jose ca 95124

We are also hiring part time referral agents or full time agency managers to own their own retirement planning and help people access to funds up to $1.5M when health threats occur and a tax free lifetime retirement income, 8-13% return.

 

Don’t buy a house this year, save your money instead

The housing market price is nearing its 2008 high price this year.  Many young couples love the feeling of owning a house beyond their means. A modular house can be a solution although in Silicon Valley space rent ranges from $600 to $1200 per month.

Renting a medium-size house costs between $2000 to $3500 per month.  Young couples want to belong to a community while the older generation are downsizing from a palace to a two-bedroom one-story house or even join a senior’s apartment or housing complex with nursing care.

Save while you are young since it costs you more if you save later in your 50s.  Better yet, make it electronically deposited so you do not touch it to buy electronic fad gadgets. American garage are filled with stuff that are not a necessity. It is a must to retire comfortably, tax-free. Call Connie  Dello Buono 408-854-1883 and email at motherhealth@gmail.com CA Life Lic 0G60621 (in 50 US states).

Here’s an illustration showing why that’s true: Suppose you’re 30 years old and for the next 35 years you contribute $5,000 a year (well below the maximum), earning 8 percent per year. At age 65 your account will be worth $861,584.

But if you delay your participation just one year, starting instead at age 31, your account will be $68,451 less! If you contribute $1,000 a month and wait a year to start, your loss will be more than a quarter of a million dollars!

3 wealth destroyers to fight ferociously: taxes, inflation and overspending by Bruce Fraser

.

When financial planner J. Landon Loveall was a teenager growing up, he says,  “I guarded my Lego creations with life and limb from the destructive nature of  my little sister.” Loveall is founder and president of Cumberland Wealth  Planners in greater Nashville, Tenn.

Creating wealth is not unlike building something solid with Legos, as  discussed in the article “Steps  to building wealth.” In the same way, you must protect your wealth from  destructive forces, such as taxes and inflation, which can erode wealth. Add to  these another wealth destroyer: overspending.

Tax strategies

Tax planning can help you save hard-earned dollars. But to be effective, tax  planning must be proactive.

While there are ways to minimize taxes, you can’t avoid them completely. “On  every gross dollar you earn, pay your taxes first,” says Rick Kahler, president  of the Kahler Financial Group in Rapid City, S.D. “Estimate your total tax  liability and be sure your employer withholds enough to cover it. If you are  self-employed, set up a savings account, deposit a percentage of every check,  and use that money to pay your quarterly estimated taxes. Never raid these  funds.”

Planners generally recommend that high-income earners place assets that  produce ordinary income (interest and short-term capital gains) into  tax-deferred accounts. Assets that produce long-term capital gains and dividends  can go into taxable accounts.

Be careful about placing real estate into such tax-deferred accounts as a  self-directed IRA. You will lose the long-term capital gains advantage and  instead turn the gains into ordinary income tax.

Congress increased income tax and capital gains tax rates for the 2013 tax  year for those pushed into higher income brackets. Kahler says investors who  sell appreciated assets will need to pay close attention to tax  consequences.

“The 3.8 percent Obamacare surtax and the 20 percent capital gains tax  bracket will catch many ‘small’ investors by surprise,” he says. Many investors  with large gains may benefit by splitting sales of appreciated assets, selling a  portion one year and another portion in the following year, for example.  “Splitting sales into several years could mean a savings of up to 8.8 percent.  That’s huge,” he says.

Building wealth is like building a solid structure with Legos — you must  protect it from destructive forces.

There are three wealth destroyers that you should fight with all your  might: taxes, inflation and overspending.

Effective tax planning can minimize the amount of taxes you pay on your  wealth. This includes estimating your tax liability and making sure your  employer withholds enough money from your paycheck to cover it. For the  self-employed, depositing a percentage of your pay into a separate savings  account and using those funds to pay your quarterly estimated taxes should do  the trick.

Combat inflation by maintaining exposure to asset classes that can  outpace inflation.

Overspending is the most harmful wealth destroyer, but the one you have  the most control over. Avoid lifestyle creep; just because your income grows  doesn’t mean your spending has to.

Combating inflation

Inflation is another insidious wealth destroyer. While small increases in the  cost of goods and services may seem benign, over time, inflation deals a deadly  blow to wealth. For example, assuming a 3 percent annual inflation rate for 25  years, the value of a dollar shrinks to less than half, to about 48 cents. A  nest egg of $1 million shrinks to $478,000 in 25 years. That’s huge.

Planners say it’s important to maintain exposure to asset classes that can  outpace inflation in the long term when interest rates rise — including  equities. Consider also Treasury Inflation-Protected Securities, or TIPS,  commodities, international bonds and real estate investment trusts, or REITs,  which can help you squeeze more yield out of the current interest-rate  wilderness, says Kahler.

One should also consider alternative investment strategies such as merger  arbitrage, long-short funds and managed futures as inflation busters, he says.  You should also keep the duration of your high-quality bonds under five years,  he advises.

Spending: The worst wealth destroyer

Of the three wealth destroyers — taxes, inflation and overspending — the  last one can have the most destructive effect on your wealth if not kept in  check. It’s the force over which you have the most control.

“A bigger threat to wealth-building is lifestyle creep,” says Loveall. “Most  people allow their lifestyle to grow as fast as their income. Doing this  destroys their ability to take advantage of their income to building  wealth.”

Notably, the people who built wealth and rose to become millionaires in “The  Millionaire Next Door” by Thomas J. Stanley, Ph.D. and William D. Danko, Ph.D.,  didn’t wear designer clothes, drive luxury cars or live in extravagant houses.  They more typically wore jeans bought on sale, drove low-cost cars, lived in  middle-class neighborhoods and shopped at Wal-Mart or Target.

And just as they take advantage of sales at these discounters, the wealthy  invest consistently through all market cycles. Warren Buffett, perhaps the most  famous investor of all time, became a particularly vocal advocate of investing  in stocks during the 2008 financial crisis, when the stock market fell  precipitously, offering true bargain prices in stocks.

Though many investors tend to get nervous and sell their stock positions when  the market is freefalling, taking that step can be a very expensive mistake.  Maintaining an investment plan over the decades is one of the most important  steps to building wealth and thwarting its destruction.

——————-

Contact Connie Dello Buono CA Life Lic 0G60621 wealth strategists 408-854-1883 motherhealth@gmail.com We are hiring in 50 US states for retirement planner, customer savvy and  self-motivated people.

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 ; motherhealth@gmail.com 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.

Retiring my mom, 78 yr old still working, I need 10 bay area pro who will save for retirement

My Why of keeping my spirit up each morning to work hard is to be able to retire my mother who still works at 78 yrs of age. Her hair is now so thin from stress, her legs so full of veins and is getting painful to walk.

But, she keeps on working to support and send her grandchildren to college since her 3 sons have minimum wage.

If I have 10 clients in the bay area who will save at least $750 per month towards their retirement, I could retire my mother.

She deserves a break, working as a caregiver since 2000 in the bay area. She is the favorite cook of most of the senior clients she cared for. She wakes up in the night when one of her Alzheimer clients need help.

She uses her hands to give massage and comfort to the aging bay area seniors.

I wish to retire her soon.

———-

Connie is now hiring retirement planners in the bay area. 408-854-1883 ; motherhealth@gmail.com