Anthony Isola

50% of Americans live paycheck to paycheck

In other words, too many of us are living paycheck to paycheck. The CFED calls these folks “liquid asset poor,” and its report finds that 44% of Americans are living with less than $5,887 in savings for a family of four. The plight of these folks is compounded by the fact that the recession ravaged…

How much should you expect to pay for health costs in retirement?

According to Fidelity the number is $240,000!! This is an estimate for out of pocket expenses from retirement until death. One way to approach this is to eat well and exercise. This is the cheapest option. You can also look into getting LTC insurance. Your mid- fifties would be a time to consider this to…

Why you must put money into retirement accounts

They are one of the best tax shelters you could ever imagine. If you are not contributing or contributing less than 10% of your income, please read this. http://news.yahoo.com/awesome-benefits-retirement-accounts-154222847.html?soc_src=mediacontentstory

Would President Obama’s MYRA proposal work for you?

Only if you are not able to participate in an employer sponsored plan. Also you would have to roll it into a Roth account once it reached $15,000. This is really for people who have no access to a 401k plan and can only afford to put in a very small amount of money each…

What are your options when you leave a job but still have a 401K retirement plan there?

From Marketwatch: Participants generally have four options when leaving their employer-sponsored plan:                                         They can leave the money in the former employer’s plan, if permitted;                                     Roll over the assets to a new employer’s plan, if one is available and rollovers are permitted;                                     Roll over the assets into an IRA;                                     or cash out the account value. What…

The costs of weddings are out of control

Not only for the bride and groom but especially for the guests. The average price for a guest to attend a wedding is $539!!(Marketwatch.com)  If a young person attends twenty  weddings over three years that is a cost of  $10,000.Here is the real kicker also from Marketwatch.com …. Even so, the pressure to attend the…

What are 6 signs you should hire a financial advisor?

Most people ignore, ask uninformed people, or try to do it themselves. For the most part this does not work. Most people can go work out at the gym but if they want better results they hire a quality trainer. It is the same with money. Check and see if you fall under any of…