Mark Cuban shared his important personal-finance advice. When we asked him what he wishes he’d known about money in his 20s, he said: That credit cards are the worst investment that you can make. That the money I save on interest by not having debt is better than any return I could possibly get by investingContinue reading “What the rich people wished they knew about money in their 20s”
Tag Archives: plan
Turning 50? it is not late to prepare for your retirement savings plan
A senior costs her three homes to pay for 15yrs of staying in a care home facility.She has no retirement savings, long term care or other means of generating income. Her diabetes caused her death after 15 yrs in a care home with not enough exercise and motivation to eat healthy food even when theContinue reading “Turning 50? it is not late to prepare for your retirement savings plan”
Do you need a financial planner?
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?”
Retirement planning for doctors and health care pros
tax free retirement for doctors and health care professionals_ Here is an example of saving during a low tax environment and taking retirement income when tax rates are higher. As you can see, although you may accumulate more money through a pre-tax plan, if your tax bracket is high enough in retirement, your net incomeContinue reading “Retirement planning for doctors and health care pros”
Cars costing you your retirement savings plan
If you’re feeling broke at the end of the month and don’t know where all your money disappeared to, just take a peek in your garage. Your car could be sucking your bank account dry. AAA recently released its 2013 Your Driving Costs report, which reveals what Americans are really paying to drive. It showedContinue reading “Cars costing you your retirement savings plan”
How do you avoid the estimated 50% total taxes from your 401k before you reach 59.5 yrs old?
A qualified plan can be moved to another qualified plan (tax deferred). After moving to a qualified plan such as an Index Annuity (with up to 13% return), You can use the yearly return to fund your Index Strategy UL, with tax-free accumulation. For those who do not have a 401k or self-funded retirement plan,Continue reading “How do you avoid the estimated 50% total taxes from your 401k before you reach 59.5 yrs old?”
Retirement planner for bay area doctors and health pros , lessons learned
As retirement planner for our bay area doctors and health professionals, I have learned many things in helping them maximize their wealth, minimize taxes and have access to funds when health threats occur. The average working and earning years is between 40-70 yrs old. They seek retirement planning advice after 3 to 5 years workingContinue reading “Retirement planner for bay area doctors and health pros , lessons learned”
Helping others save and control spending is my mission; Doctors take on brain and money
Taxes and inflation are not within our control but spending is. I have been helping bay area residents from single mothers to couples save for retirement, college and other dream projects in the future. Most of all, they now realized that they can retire early if they save early. How much to save depends onContinue reading “Helping others save and control spending is my mission; Doctors take on brain and money”
Taxes and Retirement plans
Most tax provisions for retirement allow you to shift taxable income from your working years, when you are probably in a higher tax bracket, to post-retirement years when you may be living on less. With a Roth Individual Retirement Arrangements (IRAs), on the other hand, you may choose to pay tax now on money thatContinue reading “Taxes and Retirement plans”
Retiring wisely in the bay area, an ebook
Please send in your stories, comments and suggestions for a new book which I wanted to publish, Retiring Wisely in the Bay Area, an ebook. We are a community helping each other navigate retirement, health planning and wise savings. If you are a parent, offer your house while your children are still in college orContinue reading “Retiring wisely in the bay area, an ebook”
Term Life Insurance versus Index Universal Life Insurance with living benefits
time value of money and social security by 2037 Like renting a house, term life insurance has no cash value and so you have no access to the growth, accumulation and distribution. It still protect your most valuable asset, your life. We pay car and home insurance but we forgot that our life is moreContinue reading “Term Life Insurance versus Index Universal Life Insurance with living benefits”
Plan for a long life
If we live, long, do we have enough retirement money? If we die young, do we have sufficient estate to leave the next generation to pay for mortgage and other expenses? If we have health threats like stroke, cancer or long term disability, do we have the reserve that will prevent foreclosure of our houseContinue reading “Plan for a long life”
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 atContinue reading “Retirement Checklist or Bucket List in 2014”
Free scarf for you this winter to keep you warm
Hand made, especially made for you from my heart Hoping that you can give me referrals to those Who wanted free retirement planning and financial analysis Who wanted to own a business with no risk Who needs to save for college and other retirement projects With health benefits at no added cost When terminal, chronicContinue reading “Free scarf for you this winter to keep you warm”