• It is going to cost a lot – and I don’t just mean in dollars.
– Is your family prepared for long term care?
• 4 overlooked retirement tips.
• Retirement rules for women.
Author Archives: Nancy Hecht
Denise & I will be on the radio this Saturday 9/15/12. Tune in to 96.5 FM from 9-10 am. We will discuss the following topics:
Email question:
Is a monthly retirement check considered income in order to open an IRA? I have received conflicting answers to this question, and I was really looking into opening one.
Topic #1: Debunking Myths about Social Security
Topic #2: Mistakes business owners make when they’re ready to retire, and how to avoid them.
Educational Workshop: Maximizing your Social Security Benefits
Hosted by Denise Kovach and Nancy Hecht
Thursday, September 20, 2012
6:45 pm
Disclosures:http://www.hechteffect.net/?page_id=31
Never Forget 9-11-2001
Listen this Saturday to 96.5 FM WDBO. Roger & I will talk about the following topics:
This Saturday hear
Roger Johnson and Nancy Hecht
co-host our program
“On The Money!”
They’ll be discussing . . .
• IRA Timing Rules to Follow
• Reminder – SIMPLE Plans must be started by October 1 to be effective for this year!
• Take the “Crap Shoot” out of Retirement
Call in your
questions at
407-290-0058 OR
1-800-328-5858
Tune in to 96.5 FM and listen to Harry & Joe discuss these topics:
A) Your retirement Pension..Lump sum or monthly payments
B) Got retirement plans? Your spouse may disagree
C) This weeks’s must read..Avoid these common pre-retirement blunder
http://www.hechteffect.net/?page_id=31
Labor Day
The first Labor Day was celebrated September 5, 1882. In the 130 years since, Labor Day brings to mind many different things. For many, Labor Day signals the end of summer. No more days at the beach, going to summer camp, the Jerry Lewis telethon, or staying outside playing ball until the street lights come on. The Monday after Labor Day for many is the beginning of school; be it the first day of kindergarten or the last semester in college, many tears are shed on that Monday.
Labor Day, more importantly, honors the vital force that labor has added materially to the highest standard of living and the greatest production the world has ever known. Recently, one way to observe this holiday is to volunteer. There are many organizations and charities that can use your help. So throw something on the grill, discuss where you might be able to lend a helping hand, and pay tribute the creator of so much of the nation’s strength, freedom, and leadership – the American worker.
Tune in to 96.5 FM WDBO this Saturday
Hear:
Aaron Bert and Joe Bert
co-host our program
“On The Money!”
They’ll be discussing . . .
• Breaking Down the Tax Paying Population: where do you fit in?
• One of the most useful tax benefits that is not going away
• How Wiping Out Debt Can Affect Your Taxes
Call in your
questions at
407-290-0058 OR
1-800-328-5858
You are responsible for YOUR retirement.
When I started in business almost 30 years ago, we always talked about the “three-legged stool”. It consisted of a pensions, social security, and personal savings. The pension leg, for most of us, has been chopped away. Personal savings has taken its place and that leg, now supporting two parts of the stool, is more important than ever; add to that the fact that we are all living longer. We must own our retirement and start saving with our very first paycheck. If we can get used to the idea of “paying ourselves first”, even if it is only $10/month with that first job, savings will become second nature.
Social Security being the third leg has been pushed to its limits. There are more people drawing and less people contributing. We know there will have to be changes; in what form is anyone’s guess. For those of you at or near retirement, there will be no changes. For those just entering the workforce, no one knows how Social Security will look when they reach retirement age. This is where personal responsibility comes in.
Savings for retirement today is available in many different forms such as 401k, traditional IRA, or Roth IRA accounts. Many retirement accounts will accept contributions as low as $100/month; which is equivalent to one premium coffee a day. So take responsibility and own your retirement. You will be happy that you did.
Listen to me this Saturday on 96.5 FM WDBO.
Be sure to catch “On The Money”
this Saturday morning!
This Saturday hear
Nancy Hecht and Joe Bert
co-host our program
“On The Money”!
They’ll be discussing . . .
• 4 Overlooked Retirement Tips
• A man is not a plan:
Money Talks – Love Listens.
– 3 tips to keeps in mind as you walk down the aisle.
• Email Q: How much do my spouse & I need to self-insure for long term care?
– Is $400k enough?
We hope you’ll call in
with your questions at
407-290-0058
What do you want?
Many couples have not taken the time to ask what each other would like their retirement to look like. The first step is to write your own wish list with questions such as:
How long do you want to work?
Where do you want to live in retirement?
Do you want to work part-time?
Do you want to travel and how often?
Once each has written their list, it now is time to compare to see where your desires overlap or conflict. Many of the conflicting items will naturally works themselves out; others will require time and money to work out. Next, you need to take a clear view of just where you each have savings and investments. 37% of husbands and 21% of wives do not know the value of each other’s retirement accounts or what the potential pension might be. Now is the time to review these items.
So, pour a cup of coffee, pull out the statements, and review your investments. You will be able to see where you are going.