Month: October 2016

Poor Health and Dependency Usually Create the “No-Go” Years

Medical and Elder Care Costs May Be Deferred, but Not Eliminated The baby boomers are changing society again! The children of the ’60s are now in their 60s. The new Medicare generation feels forever young, but youth is fleeting even for the most optimistic people group ever to enter retirement. Sooner or later—and perhaps it will be later—boomers will need some form of assisted home living. Maybe not nursing home care, but convalescent care at home. Watch the interview with registered investment advisor Anthony Cangemi. There are basically three phases in retirement: The “Go-Go Years,” the “Slow-Go” Years and...

Read More

Tax Strategies May Yield a Return of Their Own

Taxes Are the Biggest Annual Budget Item in Retirement The taxman cometh. He comes for everyone and he doesn’t discriminate. The retiree, the senior, the elderly and the uber-aged are in the crosshairs of his target. Uncle Sam is not your uncle—he’s the revenuer from old. His collection agency garnishes billions of dollars a year. The only way to beat him is the learn the tax system that defends him. Watch the interview with registered investment advisor Anthony Cangemi. Managing your distributions in retirement on the basis of their tax consequences could yield 10 to 15 percent more spendable...

Read More

Don’t Depend on Volatile Income for Retirement Budget Items

Cover Reoccurring Monthly Spending with Lifetime Guaranteed Income It should be antithetical to use unpredictable income from stock dividends and bond interest to pay for guaranteed monthly living expenses. Retirement living isn’t free. Most retirees have reoccurring monthly bills and will have them for the rest of their life. You can’t allow the volatility of the market to dictate your retirement lifestyle. When bad markets happen, people pull back on necessities as well as discretionary spending. Watch the interview with registered investment advisor Anthony Cangemi. Outside a pension from your employer, the government or military, there are three forms...

Read More

Portfolio Diversification Is More Than Just Asset Mixing

Maintaining multiple positions in your portfolio is only the beginning of diversification. Financial products themselves need to be tax diverse, secure and insurance diverse. Distributions need to be time diverse: short-, mid- and long-term diverse, diversifying your assets for liquidity, income and growth. Watch the interview with registered investment advisor Anthony Cangemi. Diversification takes many financial forms, especially in retirement. Your asset allocation mix should be determined by your risk tolerance and time-horizon goals. These two fundamental footings undergird the financial flooring of a well-built plan and are substantial components of your financial profile. Time Horizons – Short-, mid-...

Read More

Legacy and Estate Planning Are Your Last Hoorahs!

Funding Family Generations and Charitable Giving Are Great Exit Strategies Estate taxes are generally understood as federal death taxes for the wealthy. After all, the Unified Credit for couples is in excess of $10 million. However, most Americans still have to contend with their resident state because they don’t ditto the federal tax schedule, and many have low-asset thresholds for state taxation at death. But even if you had no federal- or estate-tax exposure, you still need to manage the transfer of your assets. Watch the interview with registered investment adviser Anthony Cangemi. The first problem is the “estate...

Read More