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May 29th, 2014 by

cost of kids these days 2013

Kids Cost More These Days

According to USDA’s Cost of Raising a Child report in 2013, the answer for a child born in 2012 is $241,080 for food, shelter and other necessities over the next 17 years. The costs vary according to where the family lives, because housing costs and education are big portions of that yearly expenditure.

But this next generation faces a unique challenge that threatens their future health and well being: a growing health crisis, in the form of diet and obesity-related diseases. And despite encouraging recent reports on declining rates of early childhood obesity, nearly a third of our nation’s young people are at risk for preventable diseases like type-2 diabetes and heart disease. Preventable diseases have serious consequences, which is why health experts tell us that our current generation of children may well have a shorter lifespan than their parents.

Preparing for Better Spending

Yes, adding to your family is going to cost more money. But, smart planning and budgeting can keep your costs in check and still allow you to put away retirement dollars. Let me help you better prepare for your retirement days by getting a head start on saving for retirement. Early planners get the most from their retirement dollars!

Source: US Dept of Agriculture 2013  

Ask Your Retirement Money Questions

LIKE us on FacebookLicensed MD, VA & DC.Tel: 1-833-313-7233 If you have a retirement money question, post your questions on our Facebook page or email Freeman@Justaskfreeman.com and we will strive to answer as many of your questions as possible. Freeman offers no-obligation, free consultations in his Maryland office to help retirees and pre-retirees make the most of their retirement nest egg.
May 21st, 2014 by

Social Security Benefits Maximized for Retirement

People who claim Social Security early get smaller payments over more months versus more money per month. You get more money by far if you claim later.

Here are some strategies for getting the most from your Social Security check:

  • Claim later to get a larger benefit amount. Though 62 is one of the most popular times to claim Social Security, waiting makes a difference, and each year you wait increases the amount you will receive each month.
  • Work longer at a higher income. Since Social Security uses your 35 years with the highest income, you can increase your benefit amount by working extra years at higher income
  • Coordinate when you claim as a couple. If the higher-earning person in the couple claims early, it can significantly lower the amount the surviving spouse receives. It’s often better for the higher earner to wait as long as possible and at least to 66, if not to 70. For four out of every 10 widows past 65, Social Security is all the income they have.
  • Claim later if you’re single. If you’re able to work, claiming later will give you a higher monthly benefit. This is especially true for women who typically have earned less than their male counterparts, live longer than men and generally have fewer other resources to rely on during the years beyond 70.

Source: US Money, Jan8, 2014 http://money.usnews.com/money/personal-finance/articles/2014/01/08/how-to-maximize-your-social-security-benefit

Don’t Do Retirement Planning Alone

Yes, you need to be knowledgeable about your retirement. However, there are just some things only a professional can help you discover. So, employ the help of a professional who knows how to keep your money safe and will strategize with you for a worry-free retirement. Call me for a free, no-obligation consultation.
Just Ask Freeman | 1-833-313-7233 | MD, VA & DC.

May 19th, 2014 by

The U.S. unemployment rate has fallen over the last year, but employment gains have been uneven from state to state. Though the nation’s job market has yet to recover fully from the latest recession, some economists believe an uptick in worker mobility could be a hopeful sign that faster economic growth and lower unemployment are around the corner.

Mobility refers to the willingness of workers to move longer distances for employment opportunities. The housing crisis made it harder for many workers to move for a job, because homeowners often owed more on their homes than they were worth and couldn’t afford to sell at a loss.

More workers are motivated to move for jobs

 

As the housing market strengthens and home prices appreciate, more homeowners could find themselves free to sell and move for attractive job opportunities. In fact, more than twice as many managers and executives relocated in the first half of 2013 than did so during the same period in the previous year.

If you relocate for work, keep in mind that any moving costs not covered by your employer may be tax deductible. To write off unreimbursed expenses, your new job must be at least 50 miles farther from your home than your old job was. If this is your first job, it must be at least 50 miles from your current home for moving expenses to be deductible.

Source: Investor’s Business Daily, October 17, 2013

FREE Upcoming Seminar

Freeman Dinner Seminar - Avoid Cracking Your Nest Egg
Licensed MD, VA & DC.
I’ll be hosting a FREE dinner event exclusively for pre-retirees or retirees who want to safeguard their nest egg dollars. To find out more details, click one of the links below:
May 27, 2014 Seminar Event 
OR
May 29, 2014 Seminar Event

Please call ahead to reserve your seats. 
Toll FREE: 1.800.815.3129.