Our mothers told us to not over spend

No mortgage , auto or credit card debts and saving more each day is our motto.    Do not take out unnecessary college loans when there is community college and degrees with higher return on investments.

  1. Live small always. Diversify investments all over the place. When you retire, or are laid off, be ready to relocate anywhere that makes fiscal sense – inside or outside the US.
  2. Do not buy a car when there are buses and you live near your school or job.
  3. Try paying out yourself first, add more deductions in your tax withholdings (see last section about claiming more tax withholding allowances) and save monthly and not wait for a tax refund.
  4. Do not buy a house you cannot afford, save in long-term savings such as Index Universal life Policy, accumulation and distribution tax-free.
  5. Four ways we are taxed: income, capital gains, estate taxes and sales tax
  6. Four ways we can save: save early at young age even at $100 per month in an indexed annuity or index universal life policy and follow the lists listed in this post (see 1-4).
  7. Buy only what you need and not what you want, decent car and cell (service plan of $40 per month), decent house and have only two children.
  8. Find experiences that gives you more pleasure without spending thousands on vacation hot spots.
  9. Take care of your health each day so you won’t spend more when you age and your body is slowly giving up.
  10. Marry a man or woman who have the same savings values as you are, living small and wisely saving away for retirement.

If you are not terrified of inflation, wait until you see what that does to your retirement.    This money printing from Washington overspending may not destroy you today, but if you expect to retire in the future, you should wake up to this. Of course, if you plan to work until the year of your death, then you can disregard this.

If you have substantial income besides Social Security in retirement, not only will you pay tax on it, you’ll pay tax on more of your Social Security. Your Medicare premiums will be higher and your property taxes may well be higher, since you’ll be disqualified from the tax abatements offered to seniors by many local governments. Republicans aren’t satisfied with these disincentives, and want to means-test Medicare, which is just another way of saying they intend to tax your retirement savings even more. In fact, every government program for seniors that has a means test is, in effect, a tax on savings.

Live small always. Diversify investments all over the place. When you retire, or are laid off, be ready to relocate anywhere that makes fiscal sense – inside or outside the US.

When did the recession first hit? A little over 6 years ago? We earn a little more money these days, because we went into debt for college. We haven’t defaulted on those loans, and don’t plan to….but they changed the rules creating all kinds of financial woes. We’ve moved, too, with the new line of work, but due to the housing market crash, we have a house that we can neither rent nor sell – so we pay both rent and mortgage every month. That effectively means we live on less money now than we did 7 years ago when we earned less and saved more. We took a risk, things didn’t quite work out the way we’d hoped. So, we can pay for day to day living, we can keep up with our debt OR we can save for retirement…. but we can only manage one and a half of those three.

Many Americans are on course to struggle financially in retirement even though the overall amount of money being set aside for retirement is growing. As of mid-2013, Americans had more than $20 trillion in retirement assets through 401(k)-type plans, traditional defined benefit pensions, IRAs, and annuities, according to a report released earlier this month by the Investment Companies Institute, which represents mutual funds, and the American Benefits Council, and the American Council of Life Insurers.

But that money, while growing, is not distributed equally, many argue. Most of the money is being saved by higher income Americans, while many working class and low-wage workers are struggling to even earn regular full-time hours at work.

The NIRS report said that among households headed by blacks and hispanics between the ages of 55 and 64, the average retirement savings account balance was $30,000. Among whites on the verge of retirement, it was $120,000. Meanwhile, investment and human resource firms typically recommend that retirees have assets worth anywhere from eighth to 11 times their annual wages in order to adequately prepare for old age.

“One of the big issues here is a gap in access,” Oakley said. “We have what is essentially a voluntary retirement system and what we know is when we look at minority households, their access to retirement plans on the job is much less than that for whites.”


Disregarding Your Withholding Can Be Taxing

Calculating a level of withholding that is “just right” can sometimes take as much time as preparing a tax return. As a result, some people are inclined the skip the math. For those who want to keep things as simple as possible, the easiest course of action is for taxpayers to claim either Single or Married with one withholding allowance on Form W-4 (pdf). This usually results in a refund for most people. However, there are situations in which claiming one withholding allowance is not sufficient to cover tax liabilities. This seems to be the case in which a person has significant investment income or higher taxes due to the Alternative Minimum Tax. So even people who want to keep things simple and count on a refund should review their withholding at least periodically.

Calculating Withholding More Accurately

The more accurate way to adjust your withholding is to create a projected tax return for this year. You can do this by using the same tax forms you used last year, but substitute the current tax rates. For example, you could calculate your income and deductions based on what you expect for 2013, and use the 2013 tax rates to find out what your projected tax will be. You can also use the worksheet found in Form 1040-ES (pdf), which has formulas for calculating taxes for the current tax year.

After figuring out the tax liability, I then use the withholding calculator found on the IRS Web site to see what the suggested withholding allowances might be. You can also do the math by hand by using the worksheets provided with Form W-4.

What’s a Withholding Allowance?

Withholding allowances do not solely pertain to dependents or to the personal exemption amount, though withholding allowances are related. A withholding allowance is a way for your payroll department to use the look-up tables provided by the IRS to figure out how much tax to withhold from each paycheck. Roughly, a withholding allowance represents your total tax deductions divided by the personal exemption amount. This results in a ratio, and this ratio is how many withholding allowances you should claim. For further explanation please refer to the example below:

Example: Mary is a single parent, qualifies as head of household, and has one dependent. Let’s further assume that her deductions will consist of the standard deduction and two personal exemptions (one for herself and one for her child. The math for her withholding allowances would look like this (all figures below are for the 2013 tax year):

  • Standard deduction: 8,950
  • Personal exemptions: 2 x 3,900 = 7,800
  • Total tax deductions: 8,950 + 7,800 = 16,750
  • Deductions divided by personal exemption amount: 16,750 / 3,900 = 4.295

In this example, Mary would claim Single and four withholding allowances on her W-4 Form. (It’s advisable to round down the ratio to avoid having too little tax withheld from your paycheck.) In other words, Mary would check the Single box on line 3 of the Form W-4 and would write “4” on line 5 of the Form W-4 where it asks for “Total number of allowances you are claiming.”

This is a simplified method for finding withholding allowances. For a longer method, see the document, How to Fill out Form W-4.

Seeing How Your New Withholding Allowances Will Impact Your Future Pay Checks

Now that you have figured out your withholding allowances, you can use this figure to see what the tax impact is on your next paycheck will be. You just take the newly calculated withholding allowances and plug them into a payroll calculator. Be sure to have your recent paystub handy so you can use your actual income amounts.


Call Connie Dello Buono , 408-854-1883, (in 50 US states) to save $350 per month towards your long-term retirement savings growing up to $13.5% at an index universal life policy with access to funds during health threats at no added cost. CA Life Lic 0G60621. 1708 Hallmark Lane, San Jose, CA 95124 motherhealth@gmail.com . No age limits. No limits to yearly contribution like an IRA does. No market risk like the 401k. No taxes during accumulation, distribution and withdrawal.

We are hiring in 50 US states.

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.

Join me in retiring my 78 yr old mother and for 2014 financial freedom

Dear viewers,
This is a new day, I want to retire my mom from her job.
Let’s keep touching others in the way they can maximize wealth and minimize taxes.
I won a free airfare last night to Las Vegas from JackWu at Tuesday Financial Opportunity Seminar in Milpitas. Last night, I learned that if we share the crusade of helping others with tax free retirement savings with free health benefits, access to funds when cancer, stroke or disability arise, we can be financially free helping others in the crusade of 4 products in one (retirement, disability, asset protection and money you can use while living).
If the parents of 1 yr old can save $5k per yr, at age 17, $40k per yr times 4 can be taken for college funds and at age 60, $300k per yr for retirement funds.
The product is LSW – National Life group, only 5 out of 900 insurance companies have living benefits and at LSW, all 3 are free, at no cost: terminal, critical and chronic illness rider.
Our dream of becoming financially free with our own retirement planning business is real at PFA, keep plugging in.
Hermie will spend 4 hrs helping us plan for 2014 this coming Sat.
Marcus is opening his house for sat night Christmas party.
We will be there for you to help your family be financially secured in knowing that when any health threats occur (stroke, cancer, disability), you can access funds from $100,000 to $1.35Million.
It is not late to teach our children the value of money, retirement savings growing at $13.5% with zero market risk for long term with tax free distribution and accumulation.
It is not late, contact Connie Dello Buono, CA Life Lic 0G60621 at 408-854-1883 , motherhealth@gmail.com for your retirement savings and college funds needs before 2013 ends.
You can retire your wife, husband, mother or yourself from a job you are not passionate about, we are hiring too for part time with full time income.

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

What happens when somebody dies?

<div style=”margin-bottom:5px”> <strong> <a href=”https://www.slideshare.net/clubalthea/what-happens-when-somebody-dies-estate-taxes-revocable-living-trust-california” title=”What happens when somebody dies, estate , taxes, revocable living trust california” target=”_blank”>What happens when somebody dies, estate , taxes, revocable living trust california</a> </strong> from <strong><a href=”http://www.slideshare.net/clubalthea” target=”_blank”>connie dello buono</a></strong> </div>

Now hiring part time or full time financial pros 408-854-1883 motherhealth@gmail.com www.pfaonline.com
Join now, enter PFA ID code CA093932
Help others keep their wealth tax-free and receive funds without dying when chronic or terminal illness arise.

Where are baby boomers going to live by Tom Sightings

There are many recommendations for the best places for baby boomers to retire, including the healthiest places, sunniest places, best places overseas, the most affordable places and the best places that you probably can’t afford.

But people are funny. Sometimes they just don’t do what the pundits tell them to do. So where are baby boomers actually starting to retire? Here’s what the facts say about where boomers are headed over the next 10 or 15 years:

Boomers will stay where they already live. Even though boomers are more mobile than their parents, according to a survey by the housing company Del Webb, fewer than half of today’s 50-somethings intend to move at all during retirement. For one thing, according to a Careerbuilder.com survey, over 60 percent of workers over age 60 say they are postponing retirement, because of the economy, the disappearance of pensions and the threats to Social Security. As empty nesters they are likely to downsize, but in familiar surroundings, largely in the suburbs where they settled decades ago. According Sandra Rosenbloom of the Urban Institute, who studies retirement trends, the propensity to move drops dramatically as people get older. Roughly one out of three people in their 20s move in any given year, but as people age into their 50s and beyond, the ratio drops to one in 20. “Boomers are staying put more than anyone thought,” Rosenbloom says. “People of that generation tend to own their own homes and stay there.”

They will move to be near their children and grandchildren. When boomers do decide to move, Rosenbloom notes, they do so largely for prosaic reasons, such as being closer to children or, more importantly, grandchildren. Since the children of boomers are now beginning to get married and have children of their own, they, too, tend to live in the suburbs. Of course, a few well-heeled retirees may purchase a pad in the city or buy a fanciful cottage in the country, but most of those who move will relocate to another suburb, just like the ones they lived in before.

They will relocate to areas with a lower cost of living. Still, many boomers dream of relocating in retirement, leaving behind traffic, cold weather and high taxes. A quarter of a century ago, the most important consideration in choosing where to relocate in retirement was climate. Today, the primary drivers are the cost of living and access to affordable healthcare. Many boomers see selling a house in California or the Northeast as a way to make up for less than adequate IRAs. And the evidence supports the notion that many boomers are indeed moving away from high cost of living blue states like Massachusetts, New York, Illinois and California, and relocating to lower cost red states like Texas and the Carolinas. Recent surveys show the Carolinas have surpassed Florida as the top retirement destination. Texas, Arizona, Georgia and Colorado follow close behind.

They will choose less congested areas. An analysis of recent migration patterns among baby boomers shows that, like their parents, they are leaving the big cities of New York, Los Angeles, Chicago and San Francisco and heading for smaller cities with less congestion, less noise and a slower pace. Yet many boomers do not view retirement as a permanent vacation. Instead, they are turning to nontraditional and less expensive retirement spots for a second chance, or even a second career. They are especially attracted to college towns that offer opportunities for culture as well as work, which many boomers expect to continue on their own terms as consultants, freelancers or small businesspeople. Some current college town hot spots include Newark, Del.; Lancaster, Pa.; Raleigh/Durham, N.C.; Athens, Ga.; Gainesville, Fla.; Austin, Texas; Las Crucas, N.M.; Fort Collins, Colo.; Ashand, Ore. and Bellingham, Wash.

They will move into senior living facilities. The boomers are ready to pursue their own interests. They don’t want to spend time and money on home maintenance. They no longer want a backyard. There is a re-emerging trend toward condos and smaller, low-maintenance homes, including developments that offer special services for older people, such as golf and other recreational activities, social clubs, book clubs, knitting clubs and various educational activities. And while the majority of boomers will continue to live in mixed neighborhoods, among old friends and amidst familiar surroundings, a significant group will gladly retire to independent living facilities that offer services such as meals, housecleaning and convenient access to nearby medical facilities.

Connie’s comments: For homebound bayarea seniors who needs caregivers, call 408-854-1883. For home delivered nutritional supplements, water filter, house care and other products, email motherhealth@gmail.com or shop at www.clubalthea.myshaklee.com

A 101 yr old senior is still taking care of her face with anti-aging skin care from www.clubalthea.myrandf.com and the products are delivered directly to her house.

A senior in Florida who is now a widower did not regret his move from New Jersey to Florida since he found a new set of friends, his neighbors, mostly widows.

———Now hiring financial consultants, work from home, in USA

Please join us on Saturdays 10-11am at 400 oyster pt blvd SSF ste 120 , be a business owner helping families and you then help yourself retire in 7yrs connie 408-854-1883 in USA motherhealth@gmail.com