Index du Forum

aderfp633 · Inscrit le: 27 Sep 2011 Messages: 7915 Localisation: England

The Game P Longchamp bags lan
The Game Plan How some people are saving for retirement—and what financial advisers think of those strategies An error has occurred and your email has not been sent. Please try again. Mr. Magarik, who lives in Washington, D.C., maxes out his annual contributions to a Roth IRA and holds some individual stocks. The result, however, is that he never seems to have as much cash as he'd like. The 27-year-old got a rude awakening this winter when he fell ill after a trip to India and feared he would need to borrow from his parents to cover the hospital bill. (His insurance ultimately picked up most of the tab.) I tend to be good at saving for the long run, he says, but I'm not so good at making sure I have enough money that if something happens to me in the next three months, or I suddenly get laid off, I'd be OK. Mr. Magarik,[url=http://www.peuterey-outlet.net]peuterey prezzi[/url], an associate at Opower, an energy-efficiency solutions company, earns in the mid-to-high five figures and stands to increase his earnings by as much as one-third with a performance bonus. He keeps between $5,000 and $8,000 in his savings account. Benjamin Magarik has the option to buy an equity stake in his four-year-old company. Ben Magarik Mr. Magarik uses a personal-finance website religiously to track his expenses, such as a $150-per-month gym membership, $1,[url=http://www.peuterey-outlet.net]peuterey outlet[/url],300-per-month rent and one-off items like a new suit. To stretch his cash further, he buys a wide range of items, including razor blades and designer jeans, on websites such as eBay.com. He believes that cuts prices by about 30%. He also takes advantage of frequent-flier miles and hotel points, which covered a large portion of his Indian excursion last year. He is visiting Peru this month, using similar travel perks to pay much of the cost. Despite being unsure about his current finances, Mr. Magarik is aggressive in his long-term financial plan. In lieu of an employer-sponsored retirement plan, he has the option to buy an equity stake in his four-year-old company, which he is considering. It effectively means there's another source of potential money, but it's not tangible, Mr. Magarik says. That asset, if the company gets purchased or if it goes public,[url=http://www.peuterey-outlet.net]peuterey outlet[/url], would dwarf all my other assets. In case he doesn't get a windfall from that investment, Mr. Magarik contributes the maximum amount allowed to his Roth IRA, which he keeps at a mix of 65% equity—mostly broad,[url=http://www.peuterey-outlet.net]peuterey prezzi[/url], S P-500-type index funds—and 35% fixed income. That account has racked up almost enough to buy a new Prius, he says. Not that Mr. Magarik wants a car; he says it seems like a terrible asset. Instead, he plans on purchasing a bicycle, which would help cut down on commuting costs. Mr. Magarik's other main investments include coins and collector cards worth a few thousand dollars, based on his assessment of similar products online. He also holds about $1,000 in stock, which he received as a gift in childhood. ADVICE FROM THE PRO: While Mr. Magarik is making a smart move by investing for the long haul, he needs to improve his short-term finances, says founder and president of MainStreet Financial Planning. Mr. Ludwick, a fee-only financial adviser based in Washington, D.C., recommends that Mr. Magarik boost his cash savings to cover at least four months of hunker-down expenses, which would exclude his high-end gym and eating out. Mr. Ludwick commends Mr. Magarik for tracking his finances. But while Mr. Magarik is keeping close tabs on his spending and saving, that doesn't mean he's making all the right moves. Mr. Ludwick is somewhat concerned by the high rent Mr. Magarik is paying for his Dupont Circle apartment, but says if it keeps commuting costs low, it might be worth it. To earn interest on some of his savings, Mr. Ludwick recommends that Mr. Magarik buy a long-term CD with a short-term penalty. For example, if a bank pays 2.4% on a five-year CD and has a two-month penalty, he could earn 2% by keeping the CD for a year. Even if he keeps the money in for only six months, Mr. Magarik could earn 0.8%, well above current six-month CD rates. Mr. Ludwick likes that Mr. Magarik has chosen a Roth IRA over a traditional one because he could, if absolutely necessary, withdraw an amount equal to his contribution without seeing any penalties. Taxes and fees apply for traditional IRA withdrawals. While the investment vehicle is a smart choice, Mr. Magarik's asset allocation is probably too conservative for someone his age. Mr. Ludwick recommends he grow into a more aggressive allocation, closer to 80% equities from his current 65%. And while buying into the company may look attractive, Mr. Ludwick recommends it only if Mr. Magarik can use extra discretionary income, such as part of a bonus. The odds of hitting it big, being in a Google or something like that, are pretty darn small, Mr. Ludwick says. He discourages anyone from tying up a large portion of their earnings in such a speculative investment. Melissa Korn Living Debt-Free expect to accomplish their goal of being debt-free this year or in 2012 at the latest. While the Oak Ridge, Tenn., couple has been saving over the past couple of years, their main focus has been eliminating that debt, consisting of a home-equity line of credit. Ms. English says her desire to not pay interest comes from her grandfather, whom she says was a meticulous saver, and who gave the couple an interest-free loan to buy their home. Mr. and Ms. English, both age 40, bought the house for $113,000 eight years ago. They have entirely repaid the loan and following some upgrades, including a kitchen remodel, estimate they could now sell the house for about $150,000. If I think about what I would like to be able to do in my future, I want to be able to pay that forward, Ms. English says. I hope we're able to give our kids [Cade, age 12, and Ryleigh, age 3] and grandkids an advantage where they are also responsible for it. Mr. English, along with a partner, runs an educational consultancy business. Ms. English worked as a Presbyterian pastor for the past 14 years, but left her position in January to pursue writing, though she is doing interim ministry training this summer. Mr. English expects to bring home about $100,000 to $120,000 this year. While Ms. English doesn't have a steady income, she estimates she'll make about $1,400 by preaching this year and hopes to sell some articles. The couple contributes about $1,200 a year to a 529 college savings plan, currently holding about $17,000, for basically whoever goes to school next, Ms. English says. Although she says they have assumed that it would be for the kids, she also notes that she and her husband both have master's degrees and have always been interested in doing doctoral programs at some point. They also have several retirement savings accounts, totaling about $70,000. These include a 401(k) through Mr. English's former employer and a 403(b) plan from Ms. English's work at the Presbyterian Church. The couple currently contributes about $1,200 a year to a traditional IRA. In addition, Ms. English has an annuity and will receive a church pension, the amount of which will depend on years of service and age of retirement. In retirement, they would like to do more international travel. They also have talked about possibly owning a bed and breakfast, which would give Mr. English an outlet to pursue his love of cooking. As the couple's focus shifts to saving from paying down debt, they would like to build a more-liquid nest egg. Due to potential lag times in contracts and payments in Mr. English's business, it's not like getting an every two-week paycheck, says Ms. English. The couple would like to have money set aside and not have to tap the home-equity line if we get into a tight spot, she adds. ADVICE FROM THE PRO: I like the attitude of wanting to be debt-free, says a fee-only certified financial planner in Knoxville, Tenn. He adds that people who are very disciplined and who don't get sucked into credit-card debt tend to have a greater chance of financial success. Mr. Kennedy also praises the couple for having their home paid off. That is huge because [they] have a clean foundation for everything else they want to do, he says, adding that it is especially helpful as there are extra risks involved any time someone owns their own business. Having the house paid off is a good thing from the income-lumpiness perspective, Mr. Kennedy says, but adds the couple s #file_links[D:\keywords\new12.txt,1,S] hould have a minimum of six months of liquid emergency funds. Mr. Kennedy also says the couple needs to sock away more money for retirement—a lot more—at least 15% of their gross inc #file_links[D:\keywords\new15.txt,1,S] ome. I don't think a lot of people, especially in their 30s or 40s, have a concept of how staggeringly big their savings has to be for retirement, he says. Mr. Kennedy acknowledges that it will take a while for the couple to acclimate to that level of savings. But with their income, I think it is certainly in the ballpark to make those changes relatively quickly, especially if they look at where they can cut expenses and then stick to a budget, he says. He suggests that when the couple finishes paying off their home-equity line, they continue putting the amount of their payments toward their retirem #file_links[D:\keywords\new14.txt,1,S] ent savings as well as any money Ms. English makes from preaching or writing. Mr. Kennedy says if the family were able to put away another $15,000 a year on top of what they are currently saving, and still live comfortably, it would make their retirement needs more achievable. Given the couple's age, he says their retirement savings should be allocated entirely to equities, as long as they know there can be periods where the investment portfolio will swing wildly in value. If investors can't handle those swings, then they're at risk of jumping in and out of the market, which is one of the biggest mistakes they can make, he says. And while Mr. Kennedy calls the couple's contributions to the 529 college savings plan another sign of financial literacy, he says if they need to choose between allocating their savings for retirement or for college, they should each make the maximum $5,000 annual contribution to a Roth IRA before putting fresh money into the 529 plan. The Roth gives much more flexibility than the 529, he says, because a Roth has aspects that make it useful for college expenses as well. Saving for kids' college education is often in conflict with the priority of saving for retirement. And you definitely need to focus more on saving for retirement, Mr. Kennedy says. The tongue-in-cheek saying is that there's no scholarship for retirement. Caitlin Nish Too Busy to Retire Retirement isn't in the forefront of mind. The 70-year-old entrepreneur is having too much fun at work. He describes his current 70-hour-a-week schedule as a cake walk. At least it's easy compared to the 120 hours a week I used to put in, he says. Jack Maguire (here with wife Linda and son David) is old enough to retir #file_links[D:\keywords\new13.txt,1,S] e but is having too much fun at work. Maguire Family Time isn't the only thing he's put into his namesake higher-education consulting company, Maguire Associates. He says he and his wife, Linda, who collectively own 70% of the Concord, Mass.-based company, have made a point of pouring money back into the business to ensure it has the best people, technology and products. As a result, #file_links[D:\keywords\new11.txt,1,S] the majority of their retirement savings is tied up in the business, which Mr. Maguire started in 1983. The couple owns homes in Massachusetts and Maine. In addition, they both have 401(k) s through the company and TIAA-CREF accounts from their prior careers in higher education. And although he has retirement accounts, Mr. Maguire isn't one to play the market. The stock market is a bit like Vegas, he says. Mr. Maguire, who has a Ph.D. in theoretical physics from Boston College, says investing in the market is a lot like betting on NCAA brackets. There's some math, some logic, but it's mostly chance, he says. Instead, Mr. Maguire has invested heavily in insurance. He has both disability insurance for himself and a significant amount of life insurance that his 26-year-old son, who has cerebral palsy, will inherit from the special-needs trust set up in his name. David's well-being is a top priority for Mr. Maguire, who describes the youngest of his eight children as his hero. Born with multiple handicaps and expected to never walk or talk, David graduated from college last year. David's disability has played a big part in how Mr. Maguire and his wife spend their free time. Mr. Maguire was on the national board of United Cerebral Palsy and he and his wife received the organization's national volunteer-of-the-year award last year. In the meantime, Mr. Maguire has no plans to sell the company although he's been approached over the years by interested buyers. When he does decide to step back, he may consider a partial sale or even an employee stock ownership plan. Our decision won't be just based on money, he says. In retirement, Mr. Maguire hopes to live a relatively modest lifestyle: spending time at his house in Maine, traveling and being an advocate for education reform. And, he may continue to work a few hours a week for the company he built. I love the work, he says. ADVICE FROM THE PRO: It's always inspiring to hear the story of successful entrepreneurs like Jack and a Wellesley, Mass.-based fee-only certified financial planner at GW Wade. Mr. Ryan says determining a value for Jack and Linda's stake in their business will be a key component to their retirement planning. Jack and Linda should take steps now to determine their preferred option for selling or liquidating their ownership interest, he says. Mr. Ryan says the couple could have family members interested in acquiring equity in the business, or existing shareholders who may want to increase their stake. He says Mr. Maguire's skepticism about the stock market isn't unusual or irrational. Mr. Ryan says if the couple's current portfolio provides them a high probability of successfully achieving their retirement goals, then avoiding equities could be appropriate. However, if there is a need to generate investment returns that will outpace inflation, then he recommends at least a moderate allocation to a diversified basket of large dividend-paying, multinational companies. Mr. Ryan says the couple should also be sure to coordinate their estate-plan documents with the special-needs trust established for David. Veronica Dagher Ms. Korn, Ms. Nish and Ms. Dagher are reporters for Dow Jones Newswires. They can be reached at melissa.korn@dowjones.com, caitlin.nish@dowjones.com and veronica.dagher@dowjones.com. In India, Rapist's Wife Faces Harsh SentencePunita Devi, wife of one of the men sentenced to death in India's gang-rape case, expects to be cast out by her in-laws and face ostracism and destitution—not because she is married to a convicted murderer, but because she is a woman without a husband. Close Content engaging our readers now, with additional prominence accorded if the story is rapidly gaining attention. Our WSJ algorithm comprises 30% page views, 20% Facebook, 20% Twitter, 20% email shares and 10% comments.
相关的主题文章：

[url=http://www.ebay.com/itm/aw-cgi-/160623306404?clk_rvr_id=401952862072]peuterey prezzi Under organis[/url]

[url=http://www.nedaa-al7ob.com/vb/showthread.php?p=884263#post884263]It is because of th[/url]

[url=http://web.sfc.keio.ac.jp/~bus/UD/public_html/bbs2/light3.cgi]peuterey prezzi including vin[/url]

相关的主题文章：

[url=http://www.nedaa-al7ob.com/vb/showthread.php?p=884267#post884267]MoreIN Visual Arts U[/url]

[url=http://motor9915.fotopages.com/?entry=9880308]peuterey prezzi jscybbc3[/url]

[url=http://r.club.china.com/jsp/error/error.jsp?message=sessionTimeNot]peuterey outlet peuterey prezzi d0mkfljx[/url]
_________________
People watching the forthcoming beginning of the German half of the inhabitants of Berlin are no interested in co-optation

Index du Forum -> Clubs et associations -> peuterey prezzi peuterey outlet xns5pf5v