Have Questions? = Safe Arrangements

What do you see yourself doing when you think about retirement? where do you see yourself?
All we talk about is saving and saving a lot of money for tomorrow. While we often fail to ask the obvious question, what are you saving for? Are you going to travel? eat out every night or being generous to kids and grandkids?

Are you considering of putting a down payment on a house or a car for the kids or grandkids? Or help getting that priceless weeding? All those questions matters, you need to answer them while saving for stabilize future.

A lot of people now days are moving to different countries, for many reasons: to pronlong their financial longevity and to escape cold weather. As it’s cheaper to live abroad not to mention the beaches and it’s always 75°. Keep in mind beyond retirement there is other decision you and your kids are going to make. Are you going to live at home or moving to an institution?

You will need big saving for mostly everything because social security alone won’t cover it, if there is still such thing.
That’s why you need multiple legs of income when you reach that millstone.

• Social Security (if it still around): will do well if your mortgage is paid off. Because for most people 35 % of their income goes towards rent or mortgage.

• Investments: safe investments with great dividend stocks that will bring quarterly income and stocks will also grow in value.

• 401(k): basically free money from work they match up to a certain percentage. Take advantage of it because it will come handy.

• Rough IRA. Imagine money coming in from all over the place even if they are not a lot but when you add all of them together they sure do accumulate.

So don’t be affraid, most importantly try not to avoid this conversation because the earlier you start the better off you are. Ask yourself all the right questions. And remember this is not a straight road you might have to make changes as you go. Make sure you have all your supplies before you get in that sail boat.

Love, Discipline and Save for them.

I’m not good at everything most definitely not an expert in finance but My wife and my kids can tell you how great and awesome husband and dad I am. With a 2 and 5 years old things at the house can be quite a challenge with toys everywhere, making breakfast, and get them ready for bed.

To show them how much we love them in my opinion is to equip them for a better future. With good education, support, and the possibility to accomplish everything they’ve dreamed of. The number one thing I always tell myself is for my kids to have everything I didn’t have without spoiling them with everything they do have. I try to teach them to be humbled and also making sure they appreciate the smallest things life has to offer.

Kids always receive gifts from grandparents, other family members and friends. Those gifts often come in form of money and toys. And as parents we want to make our little ones happy by throwing birthday party at an early age. Where we are the one who sends out the invites and even blow out the candles. Who is that party really for? There is nothing wrong with doing the traditional thing, for my family, I prefer opening a savings for college something like Florida prepaid.

You probably already thinking what if my kids don’t go to college. Don’t worry about that you will get your money back, or if they want to go out of State your prepaid account will cover a decent amount of tuition as out of State tends to be more expensive.

Grandparents and parents always proud of theirs grandkids accomplishments they talk about them a lot. So go ahead cancel the next few up coming birthday parties and let Grandma and Grandpa knows what you are up to. If you start early the contribution you have to make is really small about $50 – $100 a month. Save little today for a brighter future tomorrow.

1. 2. 3. Invest

Investments: In an economic sense, an investment is the purchase of goods that are not consumed today but are used in the future to create wealth. A lot of people are investing without realizing it. They often says “I don’t understand the stock market, I can’t invest in it”. They clearly don’t understand it but yet their 401K and RothIRA is part of the market.

When it comes to investing it’s a risk most of us take and to be honest with you I don’t think company like Apple, Consolidated Edison or Boeing will go anywhere anytime soon. Plus their dividend is really good.

Dividends represent a distribution of corporate earnings to company shareholders and usually take place in one of two forms: cash or stock. Most cash dividends are paid on a quarterly basis.

Not everyone makes money in the market, there are many different type of investors.
Short-term investments: A short-term investment, also called a temporary investment or marketable security, is a debt or equity security that is expected to be sold or converted into cash in the next 3 to 12 months.

Long-term investments: are assets that are held for more than one year or accounting period and are used to create other income outside of the normal operations of the company. And there are trader: they buy stocks and sell them in a short period of time for short-term profits.

On the stock front, consider diversifying across regions, sectors, investment styles—value and growth—and size—small, mid- and large-cap stocks. On the bond front, consider diversifying across different credit qualities, maturities, and issuers.

All my investments are long-term. I’m in it for the dividend and to watch my stocks grow in value.

“Like Warren Buffet says buy low and hold”.