Retirement accounts such as 401k may the only retirement savings by some employees. But for others, there are many ways to have a better than 401k retirement savings without penalties, limits, with zero market risks and taxes, via the Index Strategy of IUL. Contact Connie Dello Buono CA Life Lic 0G60621 at 408-854-1883 motherhealth@gmail.com for tax-free retirementContinue reading “Concerns about 401k at AOL”
Tag Archives: savings
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 loansContinue reading “Do we know how we spend our money each month?”
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”
College Student Budget
college student budget calculator A city college is the most favored place by most baby boomer parents for their children to go to especially one that is close to their house. During the times of the baby boomers, they have worked and sent themselves to school at night to get a college education. For theContinue reading “College Student Budget”
Save your money for long-term growth tax-free
Dear Fellow Saver, Like you, I have taught of saving long-term for retirement since I know that in the absence of a pension or insufficient Social Security, my own retirement income should be supplemented. A pension is a saving for retirement using an annuity, tax-deferred but taxed later on during withdrawal. I am currently workingContinue reading “Save your money for long-term growth tax-free”
An 8yr old saving $5000/yr accumulates up to $1M in 60yrs
With initial saving to start at $7,000 and around $5000/year there after, an 8-yr old can accumulate a tax-free savings that can compound annually (example return is 8%) to $1Million in 60yrs. When health threats occur, living benefits are added at no cost to the Index Universal Life policy. Call Connie Dello Buono CA LifeContinue reading “An 8yr old saving $5000/yr accumulates up to $1M in 60yrs”
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”
Dodging 529-Plan Tax Traps, save money for college the right way
Pay attention to timing. There is no IRS ruling yet whether withdrawing money from a 529 account in one year and using it the next is allowed or not. Make sure the expenses qualify. Double-check that you allowed to withdraw 529 savings to pay for college bill. Take any scholarships or tax credits into account.Continue reading “Dodging 529-Plan Tax Traps, save money for college the right way”
Give and receive a referral
Dear Friends, I am giving away gift cards for referring me to others in 50 US states. Please refer me to those who: have term life insurance or whole life with no living benefits, access to $1.5M when cancer, stroke or disability occurs added at no cost needs a college or retirement savings plan, 13%Continue reading “Give and receive a referral”
3 Threats: become ill,die too soon,live too long with no income
Your estate goes to your heir, charity or government
Your estate goes to your heir, charity or government
I have an IUL Life policy to leave a sum of money to my children. I did this to allow them to live life’s challenges with ease, start a business, pursue a career or a downpayment to their dream house. With a stroke of a pen you can leave an estate, even at $250 perContinue reading “Your estate goes to your heir, charity or government”
7 ways Americans pay taxes by Alexander E.M. Hess
1. Income taxes Income taxes can be charged at the federal, state and local levels. At the federal level, the amount paid depends on a number of factors, including income and marital status. Lundeen noted the U.S. has a progressive tax system, consisting of seven tax brackets. He added, “for each additional dollar in a newContinue reading “7 ways Americans pay taxes by Alexander E.M. Hess”
A $9,000 lost by each American from the 2008 recession, by Rick Newman
The U.S. economy might finally bounce back for good in 2014, springboarding the nation out of five years of stagnation. So if you feel like we’re still in a recession, are you imagining things? Not at all. In fact, some economists think we’re in a kind of faux recovery that masks deep harm still beingContinue reading “A $9,000 lost by each American from the 2008 recession, by Rick Newman”