Moving to smaller homes

move to smaller homes

Young and old want to move to a smaller house for practical reasons, mobility and changing times. With smart phones, computers and availability of travel choices, people wanted to be mobile and not be burdened by the cost of owning a large house.

In the bay area, that means mobile homes, condos, towhouse, apartment, senior assisted living, care homes and living with other family members.

A widow in Oregon, rented out the other bedrooms in her house. A grandma lives with her grandchildren. A divorce parent lives with their adult children. Many renters share a room in a house in the bay area.

An uncle bought a house and have his relatives/family members rent out each room in the house in the bay area.

What are some other ways we can cut housing costs which eat up more than a third of our paycheck?

Email motherhealth@gmail.com

 

 

Consistent return of Fixed Indexed Annuities as your retirement income

fixed indexed annuitiesconsistency pays off liquidity needs prior to investing in FIA

Save for income during retirement years. Contact Connie Dello Buono 408-854-1883 motherhealth@gmail.com CA Life Lic 0G60621 for Fixed Indexed Annuities as one of your retirement tools.

Retirement or rental income properties in Tagaytay, Philippines

tagaytay p3 tagaytay p4

Rental or retirement haven

Own a piece of rental or retirement haven in Tagaytay, Philippines. Contact Alel via email motherhealth@gmail.com. Affordable lands for sale and more properties for income potential.

tagaytay p5 airbnd rental rates at tagaytay

Tagaytay, Philippines

Tagaytay sits in a mountainous region of the Philippine’s main island. The town, known for its beautiful scenery and cooler climate – a function of its high altitude – rests on the shores of Lake Taal, in the center of which sits Taal Volcano Island. Called the “Second Summer Capital of the Philippines” (after Baguio in the north), Tagaytay is popular for its beautiful scenery, outdoor activities and two 18-hole golf courses. Tagaytay has several public and private hospitals, and additional choices for healthcare are also available in nearby Manila.

Contact motherhealth@gmail.com or  Marjorie Agustin <marjorie_agustin@yahoo.com> if you want to buy lands or real estate in Tagaytay Philippines. Text 408-854-1883 or 614-215-07348 or 639-055-432-598 or 639-055-432-596

Realtor

Alelnelen Benedicto has been selling real estate in the Tagaytay region for the last 15 years. Email motherhealth@gmail.com for contact details in the Philippines.

Are you losing $1M or more of wealth accumulation intended for retirement?

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Contact Connie Dello Buono, financial planner working with financial advisors and CPA helping doctors and business owners protect $1M in wealth accumulation (period of 10 or more years) at 408-854-1883 motherhealth@gmail.com in 50 US states. CA Life Lic 0G60621 , 1708 Hallmark Lane San Jose CA 95124

It is not too late to save for when you live too long

http://www.msn.com/en-us/money/tools/retirementplanner

retirement planner

Contact Connie Dello Buono , retirement planner, 408-854-1883 motherhealth@gmail.com to save before the year ends. CA Life Lic 0G60621

Type of Qualified Retirement Plan for high net income pros and business owners

Owner

Goal

 

Employees

(Non-Owner)

Plan Type

Requirements

Advantages

Older Than Employees

Maximize Contributions, Deductions & Benefits

0-4

Fully Insured Defined Benefit Plan,

also known as a

412(e)(3) Plan

Steady Profits: Business generates enough income to support ongoing plan contributions,. Plan funding required each year.

Highest Possible Contribution, Deduction & Benefits. All Plan Assets Held in Guaranteed Annuity/Insurance Contracts. Recession Proof.

5+

Traditional Defined Benefit Plan

Relatively Steady Profits: Business generates enough income to support ongoing plan contributions. Plan funding required each year.

Higher Contribution and Deduction than DC Plans, Lower Deduction than Fully Insured Plan, Investment Fund for Potential Asset Growth.

Older Than Employees&

Salary Over $208,000

Flexible Contributions

0

Traditional Profit Sharing Plan

Maximum Total Plan Contribution is 25% of Participating Payroll.

Flexible Contributions, Lower Contribution than a Defined Benefit Plan, Maximum Individual Allocation is $52,000*.

1+

New Comparability Profit Sharing Plan

Maximum Total Plan Contribution is 25% of Participating Payroll.

Flexible Contributions, Lower Contribution than a Defined Benefit Plan, Age-weighted Allocations, Maximum Individual Allocation is $52,000*.

Older Than Employees &

Salary Under $208,000

Flexible Contributions

0

Traditional Profit Sharing/401(k) Plan

Maximum Total Plan Contribution is 25% of Participating Payroll Plus Deferrals.

Flexible Contributions, Lower contribution than a Defined Benefit Plan, Maximum Individual Allocation is $57,500*

1+

New Comparability Profit Sharing/ Safe Harbor 401(k) Plan

Maximum Total Plan Contribution of 25% of Participating Payroll Plus Deferrals

Flexible Contributions, Lower contribution than a Defined Benefit Plan, Maximum Individual Allocation is $57,500*,

Age-Weighted Allocations

Younger &

Salary Under $208,000

Maximize Deductions & Benefits

0

Traditional Profit Sharing / 401(k) Plan

Maximum Total Plan Contribution is 25% of Participating Payroll Plus Deferrals

Flexible Contributions, Maximum Individual Allocation is $57,500*

1+

Integrated Profit Sharing/ Safe Harbor 401(k) Plan

Flexible Contributions, Maximum Individual Allocation for is $57,500*, Allocations weighted by salary

Younger &

Salary Over $208,000

Maximize Deductions & Benefits

0

Traditional Profit Sharing Plan

Maximum Total Plan Contribution is 25% of Participating Payroll

Flexible Contributions, Maximum Individual Allocation is $52,000*

1+

Integrated Profit Sharing/Safe Harbor 401(k) Plan

Owner’s Salary Higher than Employees’ Salaries, Maximum Total Plan Contribution is 25% of Participating Payroll Plus Deferrals

Flexible Contributions, Maximum Individual Allocation is $57,500*, Allocations are weighted by salary

Any Age

Minimize Cost for Other Employees

1+

Profit Sharing/Safe Harbor 401(k) Plan with Matching Contributions Only

For businesses with employees who do not defer at all or defer very little, No required contributions except for Safe Harbor Matching Contributions which are 100% vested.

No contributions required on behalf of employees who do not defer, Maximum Possible Individual Allocation in 2014 is $33,400**

———————————

Free 30min phone chat with a sr financial advisor at Harding Financial to help you reduce income taxes using a business structure and financial strategies, connie.dellobuono@hardingfinancial.com or conniedbuono@gmail.com 408-854-1883

Make 2014 and 2015 be the year to protect your wealth and secure your retirement.

Connie Dello Buono
Jr Financial Advisor
hardingfinancial.com
Happy Holidays! Take care of your income taxes before the year ends.

4 Ways Men and Women Approach Finance Differently by Maria Cornelius

Anyone familiar with John Gray’s Men Are from Mars, Women Are from Venus knows the premise that men and women communicate very differently. Perhaps this explains why most female investors prefer to work with a female adviser and most married women leave a male adviser after the husband dies. Starting with the first conversation, women want, need and deserve distinct treatment in financial advice.

Old-fashioned gender roles designate the man of the house as responsible for personal finances. That changed over the past few decades but, if you’re a woman, your adviser must understand the role money played in your early life. Another concern: Women constitute more than half of financial planning or investment clients, yet less than a quarter of certified financial planners are women.

As a wealth manager with a large female client base, I notice four differences in how men and women approach financial decisions:

Communication and learning styles. Eleanor Blayney’s Women’s Worth: Finding Your Financial Confidence points out that women and men absorb and process information differently. Fundamentally, women learn through interaction with others, neurologically wired to be social and seek out relationships.

Especially if you’re a woman, find an adviser you connect with on a personal level. Talking openly about what matters most to you helps your adviser create a plan to prioritize and achieve your financial goals.

I also find that even highly accomplished and intelligent women (with expertise outside finance) can feel uneasy amid complex projections and financial jargon. Most prefer an adviser who can find a way to communicate in plain English.

While male clients may be more interested in charts and graphs that illustrate a point, women may take to an adviser who can connect financial advice with real-life examples. Competitive terms possibly motivating to men, such as “beating the market,” may not persuade women as deeply.

Confidence. Although this is shifting slowly, women’s greatest financial challenge remains lack of confidence in decision-making. The 2013-14 Financial Experience and Behaviors Among Women Prudential Financial survey, for instance, finds that “while women are taking control of household finances, they are no more prepared to meet long-term financial goals than they were a decade ago.”

The previous year’s survey also found only 23% of female breadwinners describing themselves as “very well prepared” to make financial decisions (compared with 45% of male counterparts) and that women are twice as likely to describe themselves as financial beginners (15% of women, 7% of men).

Due to this lack of confidence or experience in financial matters, many women want education from an adviser — and asking professional advice from a man may actually intimidate them.

Risk. Women’s generally lower tolerance to financial risk often reflects this lack of confidence. Many women lean toward more-conservative investing since greater risk might lead to failure. Women are also more likely to view money in terms of security.

I see this in female clients holding large amounts of cash in money markets or bank accounts. Although intuitively they know that in the long run investing is far more beneficial, fear of making a bad decision and losing the money influences them more. Find an adviser to explain the effects of not keeping up with inflation and that you can invest conservatively for long-term goals in many ways.

Life expectancy. Conservative investing isn’t bad, but if you take too little risk early you may barely keep up with inflation and won’t accumulate as much over your lifetime — which will likely be longer than a man’s. Research shows that in the U.S. women live, on average, almost five years longer than men; more than 975,000 American women are widowed annually, according to the latest U.S. Census data. Widows are also more likely than widowers to suffer a drop in income after the death of a spouse; almost half (more than 48%) of poor elderly in the U.S. are widows. (Women are also more likely than men to take career breaks or work part time for a variety of reasons.)

Median age for new widowhood is 59, which, combined with a high divorce rate, means that most women bear sole responsibility for finances at some point.

Identifying an adviser who wants to do more than just manage your investment, one who listens to and understands your goals and priorities, educates you on important concepts and encourages you to ask questions can lead you to a greater security and focus on your own long-term goals.

Tip: Your advisor should love gardening. Invest like a girl. Talk your financial emotion with your financial advisor. Learn from the mistakes of your parents. Do not use your house as your retirement plan. Contact Connie Dello Buono for a team of financial advisors, and other experts. 408-854-1883 motherhealth@gmail.com CA Life Lic 0G60621 in 50 US states.