Category Archives: Your Finances

Lots of recent studies show that Americans getting ready to retire are not financially prepared. This is concerning because if you are close to retiring, you are more than likely going to need more to live on than social security payments every 30 days.
While it is never a bad idea to start saving, it also doesn’t make a lot of sense to begin training for a marathon 2 weeks prior, does it? This site is predicated on focusing on those who have at least attempted to plan accordingly for their retirement. While researching the process of retirement, it became evident that nearly 90% of all literature & websites were/are dedicated to preparing one financially for their gold watch day.

The single scariest part of retiring is budgeting. Leaving kids and especially grandchildren is usually very difficult, but unless you have significant resources, retirement might be short lived and more difficult than you thought. For example, gone is overtime, periodic bonus’s, large commission checks, per diem windfall and steady pay checks. Welcome however are SS checks, dividend paying stocks, maturing CDs, managing your portfolios, pension checks, etc.

One really cannot pay enough attention to your finances as you move into the sunset of your life. Being prepared for the expected isn’t good enough anymore, as it is the unexpected that often throws the proverbial monkey wrench into the equation!

Wills, Trusts and Estate Plans

Posted on July 30, 2012 by admin

No matter how big or small your estate will be, an easy way to start an expensive family feud is to die without leaving a written record of your wishes. Between the lawyers and the IRS, much of what you … Continue reading →

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Where to Stash Your Cash

Posted on July 30, 2012 by admin

As you start saving, you will have the option of where to keep your money. Here are some of the most popular choices. Piggybank. You can keep your money at home where you can get to it easily. But your … Continue reading →

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Top 10 Ways To Prepare for Retirement

Posted on July 30, 2012 by admin

Top 10 Ways To Prepare For Retirement Financial security in retirement doesn’t just happen. It takes planning and commitment and, yes, money. Facts Fewer than half of Americans have calculated how much they need to save for retirement. In 2009, … Continue reading →

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Reverse Mortgages: Get the Facts Before Cashing in on Your Home’s Equity

Posted on July 30, 2012 by admin

If you’re 62 or older – and looking for money to finance a home improvement, pay off your current mortgage, supplement your retirement income, or pay for healthcare expenses – you may be considering a reverse mortgage. It’s a product … Continue reading →

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Retiring From New York

Posted on July 30, 2012 by admin

Life Changes: How Do I Prepare to Retire from New York? A Message from Comptroller Thomas P. DiNapoli As we live longer, many people will find themselves spending up to a third of their lives in retirement. That is why … Continue reading →

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Retirement Time Line (Non Federal Workers)

Posted on July 30, 2012 by admin

Retirement planning timeline Time and time again we’re told to plan for our futures and make sure our finances are in order. It’s never too early to begin thinking about retirement, so where do you start? 15 to 20 years … Continue reading →

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Questions About Your Investments

Posted on July 30, 2012 by admin

Questions You Should Ask About Your Investments …and What To Do If You Run Into Problems That’s the best advice we can give you about how to invest wisely. We see too many investors who might have avoided trouble and … Continue reading →

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Now What!

Posted on July 30, 2012 by admin

You’ve worked hard your whole life anticipating the day you could finally retire. Well, that day has arrived! But with it comes the realization that you’ll need to carefully manage your assets so that your retirement savings will last. Review your portfolio … Continue reading →

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Living Off Your Nest Egg

Posted on July 30, 2012 by admin

If you are counting on savings and investments for part of your retirement income, below is a rough idea of how long your nest egg may last. This table shows how much you can withdraw each month, if you want … Continue reading →

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How to Buy Real Estate Using your Retirement Account

Posted on July 30, 2012 by admin

Use Your Retirement Account to Invest in Real Estate A short, middle-aged woman wearing red glasses came up to me after one of my real estate seminars.  She seemed shy and hesitant, but she’d listened intently and taken lots of … Continue reading →

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