Contrary to popular opinion, you are likely to make more money for retirement with the proper financial planning, as opposed to putting more stocks or other similar investments into your portfolio. In the case of retirees who want to bounce back from losses brought about by the economy, implementing strategies that lower your overall tax burden can be as effective (if not more beneficial) in preserving wealth and giving you more liquidity than...more
How to do effective retirement planning for high income individuals 401K vs TaxesQuestion: Hi, I am trying to find out what would be more beneficial to me. According to the Tax Law. I made too much money (Only about 130K) between the wife and I for the year, we are empty nesters and we and paying up to the moon in taxes. Is there a formula in which I could figured out if I should put away more every month in order to cover my taxes at the...more
A Lawyers Favorite Lawyer Jokes Lawyer JokesQ: How does a pregnant woman know she is carrying a future lawyer?A: She has an extreme craving for baloney.Q: What is the legal definition of "Appeal"?A: Something a person slips on in a grocery store.Q: Why did God make snakes just before lawyers?A: To practice.Q: What do you call a lawyer with an IQ of 12?A: Your Honor.Q: What's the difference between a lawyer and a herd of buffalo?A: The lawyer charges more.Q: What do you call a smiling, sober, courteous person at a bar association convention?A: The caterer.Q: Why are lawyers like nuclear weapons?A: If one side has one, the other side has to get one.Q: What do you get when you cross the Godfather with a lawyer?A: An offer you can't understand.Q: What do you call a lawyer gone bad?A: SenatorQ: Did you hear they just released a new Barbie doll called "Divorced Barbie"?A: It comes with half of Ken's things and alimony.Q: What's the difference between an attorney and a pit bull?A: Jewelry.Q: What's the definition of mixed emotions?A: Watching your attorney drive over a cliff in your new Ferrari.Q: What's the difference between lawyers and accountants?A: At least accountants know...more
When you are investing in rental property, you need to understand both landlord and tenant rights. Often times, landlord-tenant relations are not regulated by any state agency. State statutes are what define landlord and tenant rights. The rights of each party should be listed is a lease agreement. Below are some of the items that need to be...more
Know About the Various Types of Investing Needles There in all probability aren't many individuals who haven't observed the diverse needles which are used as decorations by distinct sportsman and largely baseball participants. However these needles aren't only employed by players, but are rather also used by several enthusiasts and ordinary...more
A friend of mine retired to Costa Rica from northern California at the age of 40. He lives in his debt-free small hotel, which is run by his hotel manager. He enjoys a healthy life eating his fill of fresh fruit and seafood. By moving to the Southern Caribbean part of Costa Rica, which is one of the world's best retirement destinations, he was able to afford early retirement.Four years ago, he sold his Northern California home at a small profit. He took the money he made on the sale of his home and bought a piece of land in Costa Rica. He built a small hotel consisting of main house, where he resides, a lobby and five cabanas rentals.Early retirement is treating him quite well. Every morning he enjoys finely roasted Costa Rican coffee, a fresh papaya or mango, and then he checks his e-mail, reads the local news and news from home followed by a walk the beach, which is about 200 yards from his place.The local tienda (grocery store) is with in walking distance. Stocking up on fresh fruit, freshly caught tuna, barracuda and crab for about $1 per pound is part of his regular routine.After the hour long walk or jog along secluded white sand beach and a swim in 85 degree crystal clear...more
Last month, I was invited to make a presentation to a local Rotary club about trends in real estate and the economy. This was no dog and pony show with an eternal happy face. On the contrary, I warned the audience early on that, if they get easily...more
The recent global financial crisis have made us think of various innovative ways to fight against monetary issues and deficiencies, apart from taking help of debt relief companies and their debt cure options like Debt settlement, credit counseling...more
An average worker from the middle class is bound to suffer a retirement income shortfall after quitting the workforce. This is mainly because he or she has only been able to save 7% or less of his or her projected nest egg, and will probably have to...more
Myriad Investing Options For All Sections Of Interested Investors Gone were the days when people in India invested money in banks and assets and watched them grow poorly. With smart myriad investing options easily available, the number of...more
Most people know that when you start taking Social Security payouts influences how large your payouts are, and can impact the gap between your retirement expenses and expected income. Receiving benefits earlier than normal retirement age translates...more
Using some tools to help you get ready for retirement is not as difficult if you do not suffer from serious health conditions or have to leave the workforce due to company restructuring or downsizing. Before you use these tools, you will still need...more