News, Information and Guidance

Gandolfini’s estate may get whacked with $30 million tax bill

Late actor’s bequests to family could have hefty costs By Liz Skinner Jul 11, 2013 @ 3:53 pm (Updated 5:02 pm) EST The $70 million estate of the late actor James Gandolfini, best known for his role as mobster Tony Soprano, may owe a cool 40% in estate taxes due to the actor’s generous bequests to…

Too Much Stuff?

The 2010 Health and Retirement Study (HRS) included questions asked of persons aged 60 plus about personal belongings. Some of the findings: • Five percent of respondents said that they had fewer things than they needed.  Thirty five percent said they had just the right amount.  Sixty percent said they had more than necessary. Do you have…

New York Yankees’ Mariano Rivera Has Eventful Final Visit to Oakland Coliseum

OAKLAND — Hours before he yielded Nate Freiman’s walk-off hit in the A’s 3-2 18-inning win over the Yankees on Thursday, longtime New York closer Mariano Rivera got a surfboard and a bottle of Napa Valley white wine as retirement gifts from the Oakland organization. The pitcher was honored in a pregame ceremony at the…

New Resource for Optimizing Your 401k!

Most employers have probably given you a list of possible investments, but no advice on which ones are best for you and your retirement.  If you are frustrated by this approach, you may want to consider a service that can give you recommendations designed to optimize your investment returns while minimizing risks. Smart401k is an…

The Decline of Stocks and Bonds

Pimco’s CEO, Bill Gross, claims that stock investors should think twice before applying the well established investing maxim of buying and holding into practice, “the cult of equity is dying”. According to an article on The Wall Street Journal, Gross points out stocks have averaged a 6.6% annual gain on an inflation-adjusted scale for the past century….

Women in Retirement

In general, women tend to earn less and take more time out of the workforce to take care of family members than men. That is why it easy to see that elderly women are at a higher risk of living in poverty during retirement than their male counterparts. The New York Times reports that women’s household…

Boom Towns, “UN-Retirement” Communities and Other Housing Trends of Interest to Older Americans

Housing will always be a major concern for retirees and all households – it is a major expense and can be a major source of wealth.  Here are a few headlines that may be of interest to you: Interest Rates: Experts predict that struggling worldwide and domestic economies will keep interest rates low. “UN-Retirement” Communities:…

A Link between Walking and Thinking

A recent New York Times Article reports that when a person’s walk gets slower or less controlled, their ability to think, plan activities, and process information is also affected  (cognitive functions).  For decades, the common perception was that slower walking was just part of getting old, but recent research shows some changes in walking patterns signify…

Easy Math for Retirement Investments

Investing your retirement savings can be stressful and confusing.  An easy rule of thumb though is to subtract your age from 100 — the difference is the suggested percentage to be in stocks or other risky investments.  For example, if you are 65 years old, you should have 35 percent of your assets in the…

How much savings do I need?

This is a contribution from Bud Hebeler who runs Analyzenow.com I often get requests to quantify the amount of money people should have before retiring. It’s a hot topic now and worth repetitive coverage. The answer below is in a form that’s so simple that it may surprise you. Bud Question: How much saving do I…

It is Not too Late! Get Inspired by these Famous Accomplishments Made Late in Life…

If you think that turning 60, 70, 80 or even 90 as the end of your ability to accomplish great things, think again!  Today’s older Americans are reinventing themselves in surprising ways and it turns out that some notable accomplishments have been made by previous generations of seniors. The following people switched careers around the…

Pros and Cons of a Will Versus Revocable Living Trust

This is a contribution from Bud Hebeler who runs analyzenow.com Here’s a question that has come to me several times: Question:  What’s your take on the pro and con of a will versus revocable living trust? Answer:  Thank you for asking. Be aware, I’m not an expert on this subject. I will tell you what…

What Defines Old vs Young?

Wherever the line that defines whether you are ‘old’ or ‘young’ is, the individuals on either side end up looking very differently, in political and economical terms. According to a recent New York Times article, in 2004, older voters began moving right (politically), while younger voters shifted left. This year, polls suggest that Mitt Romney will win a landslide…

What is your Pension Really Worth?

This is a contribution from Bud Hebeler who runs Analyzenow.com Lots of people plan to retire on a pension and Social Security with little savings.  They have never done any serious retirement planning or sought any professional help. That can be a very big mistake unless they have taken into account the damage that can come from…

A Generation at Loss

Things are not going according to plan for people from the “Baby Boomer” generation. The post war generation is living longer and the economy is forcing them to deplete their savings faster than they expected. But just how much longer are people from the Baby Boomer generation living? According to the Wall Street Journal article,…

The Retirement of Indiana Jones and Luke Skywalker? What a Party that Would Be!

Can you imagine what might happen at a retirement party for all the characters from Indiana Jones and Star Wars?  It would be crazy! Well, the creator of these characters – George Lucas — has announced his retirement. “I’m moving away from the company, I’m moving away from all my businesses, I’m finishing all my…

If your Plans for Retirement were Shattered

Having financial security throughout retirement is what every working American strides for. However, with declining asset portfolio and house values, it is easier said than done. Planning for retirement can take a wicked twist if one is laid off within a few years of their pre-determined retirement age. According to a New York Times article,…

A Film that has Successfully Targeted the Older Crowd

The film, “The Best Exotic Marigold Hotel,” features a gentle comedic drama about unlike British retirees who decamp to India; it has brought nearly $89 million in global revenue. According to a recent New York Times article, Fox Searchlight, the studio that produced the film, spotted a generally overlooked audience (older adults) and went after…

Annuity Options are now Incentivized

According to an article by BusinessManagmentDaily, the federal government wants to give retirement plan participants more incentives to invest in annuities. In fact, the IRS and Treasure Department have proposed a new package of regulations and rulings that intend to offer incentives for investing in annuities. In addition to these incentive-based regulations, the required minimum distribution…

Fake Disabilities

A New York Times article reports that ten retirees from the Long Island Rail Road were charged with filing fake disability claims to increase their retirement pension. Two physicians, Peter J. Ajemian and Peter J. Lesniewski,  were also accused of giving false diagnoses of disabilities. These two physicians, along with a third who has died,…

Why you may NEVER Retire

When you were growing up, you most likely imagined yourself retiring at 65 and getting a secure monthly income from your pension, health care benefits, and social security. However, in this day and age, that is longer the case at all. Let’s start with retirement pensions. According to this article from Yahoo Finance, between 1998…

Safety First

A recent New York Times article reports that most people are depending on the market’s engine to maintain a comfortable lifestyle. Even though this strategy has worked for many people, it still holds a great degree of risk. In order to reduce the amount of risk, investors can try to limit their risks by holding…

Strategies for using Home Equity

For most retirees, their main objective is to maintain cash flow throughout their retirement years in order to avoid running out of. According to US News, more than half of retirees age 65 and older get at least half of their retirement income from Social Security. It has been established that the maximum safe annual…

If the Politicians were to Fail

A recent New York Times article discusses a new and informative book called Clash, written by Scott Burns and Larry Kotlikoff. The book shows the effects of current policies on young people and offers actual policy solutions for banking, taxes, healthcare, and Social Security. Other than offering advice, Clash informs us what we can do…

Online Social Security

Social Security now provides a service to all that will provide you with your Social Security statement online. It will provide you with the estimated Social Security and Medicare taxes you’ve paid, information about qualifying and signing up for Medicare, things to consider for those age 55 and older who are thinking of retiring, and…