What is full living benefits or accelerated benefits riders? How I help those with cancer,stroke or disability in their finances

Terminal and critical illness rider free (no added cost). Only one in few financial service companies who offers access to funds (not from the cash value) when cancer, stroke or disability occurs.

Your conventional health insurance, missed the most important issue..YOU.

When you are sick, the coverage is paid to the health institution and not YOU, in your pocket.

This brings about a false sense of security since the conventional health coverage covers only doctors, pharmacies and hospitals.

During health threats, you may lose your income and ability to make money. With full living benefits, you receive a sizeable amount into your bank account while you are still alive, you receive these living benefits and not from your death benefit.

Full living benefits with NLG/LSW means that there are less limitations such as coverage for terminal only for advance cancer. You receive from $100k to $1.5M depending on the face value of your IUL policy whether you have stage 1, 2 or invasive cancer.

Peace of mind in knowing that should health threats occur, you are adequately supported financially as you receive these benefit rider which is your health protection in addition your current health insurance.

When you are stressed while being sick, financially broke, your immune system is in jeopardy exposing you to variety of outside health threats. Only one percent of the nation’s population is insured with living benefits and entitled to received their living benefits either in monthly payment or lump sum of money which actually contributed to the faster health recovery and improved quality of life.

Call Connie Dello Buono CA Life Lic 0G60621 408-854-1883 motherhealth@gmail.com

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 motherhealth@gmail.com

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 motherhealth@gmail.com .

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 motherhealth@gmail.com 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.

 

$79k per yer lifetime tax free no market risk retirement income for 25yr old saving $6k per yr for 30yrs

tax free no risk lifetime retirement income $79k per yr

For young people just getting their careers off the ground, saving for retirement can often feel like an exercise in futility.

 There are bills to pay, debt to be tackled, apartments to rent, and social lives to be had. It’s baffling to imagine putting a piece of our precious paycheck in an account that’s designed to keep us from touching it until we’re old and gray. That money, we tell ourselves, would be far more useful in our pockets.

Imagine just how little buying power the cash us 20-somethings earn today will have when we’re ready to retire:

Someone retiring now in 2014 with $1 million at age 65 can safely withdraw $43,600 a year. However, [because of inflation], today’s 20-year-olds will need over $7 million to have that same lifestyle when they retire. In 1970, they would only have needed $166,000 in retirement to have a similar purchasing power for the rest of their life.

[For this calculation, Marotta assumes an average inflation rate over the next 45 years of 4.5%.]

To get close to saving $7 million, a 25-year-old with a starting salary of $50,000 would need to save about 14.65% of their salary throughout their career (see Marotta’s math here).

To be fair, Marotta’s estimate is conservative — the U.S. inflation rate is currently at 1.5% and hasn’t been close to 4.5% since 2008 — but not outlandish. Marotta and other experts say it’s too risky to assume inflation will remain as low as it has been for the long-term. The average inflation rate since the 1960s is just above 4.5%.

Using current year inflation rates for long term planning is like using last year’s U.S. stock returns (33%) for long term averages,” he says. “Economics classes have to memorize long-term interest rates for planning purposes which average over 4% (4.5% to 4.1%). I don’t think I’d want to use any rates outside of that range for … long-term retirement planning.”

If we use the 10-year average for inflation, however, which has hovered around 3%, a 20-something would need to need to save about $4 million to have as much buying power as someone retiring with $1 million today. (Not exactly chump change but…phew.)

Like any form of financial planning, predicting future savings and earnings requires as much math skill as it does crystal ball reading. In other words, it’s not an exact science, so try not to freak out too much.

Whether or not you’ll need the equivalent of $1 million today in your golden years is going to depend on a lot of factors — including your lifespan, expected lifetime earnings, and your standard of living.

But Marotta’s central message here is inescapable: “Inflation is almost guaranteed and it is the risk that has the biggest effect on people saving for retirement,” he says. “And yet, it’s the one most young people overlook.”

Time is on your side

The average Gen Yer (defined in this case as workers 23 to 35) today saves about 6% of their pay and has a little less than $20,000 invested in a retirement fund, according to data compiled by Fidelity for Yahoo Finance.

By comparison, savers aged 36-64 put away more than 8% of their income and have saved nearly $90,000

The good news is that 6% for a 25-year-old with 40 solid working years ahead of them is probably just as — if not more — valuable than 8% for a 55-year-old a decade away from retirement.

“The money you earn when you’re young is more important than the money you earn when you’re older,” Marotta says. “Even saving $100 a month or $10 a month or something ridiculously low is the right place to start.”

Let’s use a fictional saver, Jennifer, as an example. She’s 22 years old earning $3,000 a month and decides to save 5% of her (pre-taxed) salary in a 401(k). She gets a 5% match from her employer, so she’s putting away a total of $300 a month ($150 with each bi-weekly paycheck). If she puts that cash into an index fund earning 6% a year — even if she never gets a single raise or promotion — she will have saved $753,849 by age 65. (Run your own savings estimation using Bankrate.com’s savings calculator.)

Now, let’s say Jennifer decides to wait to start saving for retirement until she’s managed to work her way up and feels more financially stable. By age 35, she’s been promoted twice and has doubled her income to $6,000 a month. She uses the same savings strategy (5% of her own cash plus a 5% employer match for a total of $600 a month).

She’s saving twice as much as she would have at age 20, but by the time she’s 65, she will have saved only $317,843 (using the same investments as in the example above). Those 13 years of procrastination cost her more than $436,000. Why? The interest she’s earned on her investments have had less time to compound. When it comes to retirement savings, time is literally money.

She still has time to make up for her losses, sure, but it will require cutting more of her spending later in life — not an easy task if she has a family and a mortgage to worry about.

“A lot of young people are very proud that they don’t spend more than they make, but the problem is they spend 100% of what they make,” Marotta says. “You get all the power of compounding interest when you’re in your 20s and it really does make a difference.”

Beating inflation

Seven million (or even $4 million) sounds like an impossible feat, but your personal retirement goal might be quite different. I can help find your target, but both options have their drawbacks — planners cost money and online tools can be confusing to navigate.

If you really want to set yourself up for a healthy retirement, focus instead on one simple goal: beating inflation. No matter how much you save, so long as your return on investment is higher than the rate of inflation, no one can say you’re not a winner. (The current inflation rate is around 1.5%.)

If you’ve got $1,000 in cash, your first impulse might be to throw it in a savings account or a CD. But because savings rates are so devastatingly low now (0.06% on average — yikes), that’s not the wisest approach.

Your best bet is to invest in a 401(k) or open an individual retirement account (IRA) on your own. Both options give you access to low-cost investments that won’t require much upkeep. We’re fans of “set it and forget it” options like target date funds, which are cheap, reliable and adjust your investments as you age with little work on your part.

You might even find out that you’re already enrolled in a 401(k) plan and never knew it. More than 25% of employers offer auto-enrollment for 401(k)s today, and Gen Y workers are the most likely group to take advantage, according to Fidelity. By auto-enrolling, your employer will funnel 3% or 4% of your pre-tax income into a plan.

But if you want to really see your savings grow, you’ll have to eventually take the wheel.

“The problem is that many young [workers] don’t do anything after they’ve been auto-enrolled,” says Jeff Munn, vice president of Benefits Policy Development for Fidelity. “They’ve got a good start but if that’s all they do, they’re not going to get to where they want to go.”

If you’re auto-enrolled  — or even if you’ve actively set your contribution rate — make sure you’re at least saving enough to capture any matching contribution from your employer. Three or 4% is a nice starting point, but 10% or even 15% would be better. Baby steps can help you get there. Consider signing up for automatic increases of 1% to 3% a year. Gradually work your way up to double-digits. By the time you get there, you might be surprised how easy it is to adjust.

Ask your human resource manager if they offer Roth 401(k) options. Just 10% of Gen Y workers take advantage of Roths, which differ from traditional 401(k)s significantly. With a Roth, you contribute funds and pay taxes upfront rather than paying taxes on withdrawals in retirement. For a young worker who’s likely in a lower tax bracket than he will be in retirement, a Roth can help save a boatload on taxes later.

There are endless ways to strategize your retirement savings, and if you’re approaching your goals correctly, it can be smart to seek advice from a certified financial planner at least once a year. 

Regardless of whether you get finance coach, saving for retirement is definitely the kind of “to-do” that should be at the top of your list. Maybe you’ll never hit $7 million or even $1 million in savings, but the point is to make a goal, save for it, and hope for the best. Chances are you will be far better off than had you done nothing at all.

“It can be difficult to make the decision to save for the future,” Munn says. “But people who do that earlier set themselves up much better for success.”

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Call Connie Dello Buono CA Life Lic 0G60621 at 408-854-1883 motherhealth@gmail.com to start an EFT saving now for your tax free retirement with no market risks, returns up to 13%.

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%