Disability Income Insurance

Financial Success Requires Planning

secure their financial futures The rules governing retirement can be complicated.
Arrange to have your periodic payments, such as Social Security benefits, directly deposited into your checking account.
Consult your financial advisor about whether to receive your 401(K) money in a lump sum or periodic payments.
Be extra-careful before taking on new debt, such as a home-equity loan or a reverse mortgage.
Most likely, this is is the stage of life where you are 100% reliant on your accumulated savings. Therefore, keep firmly in mind the potential for you to lose your principal in any investments you own. At this point, risk is probably not your friend!

Have Minimized Portfolio Risk?

INSIGHTS INTO RETIREMENT Your Early 60s (Late Career) Retirement Planning Suggestions:
Get educated on Social Security! There are actually many claiming strategies that you should consider. For example, there are numerous implications if you "retire early" or if you delay retirement.
Discuss with a financial advisor when to withdraw money from your tax-deferred retirement accounts, such as employer-sponsored retirement plans and traditional IRAs. After age 59 ½, you can withdraw some funds without penalty but all withdrawals are usually subject to income taxes.
Under IRS rules, you must withdraw a minimum amount from 401(K), traditional IRAs and certain other retirement savings plans by April 1 of the year after you reach age 70 ½ and each year after that. There is an exception to the rules for someone still working for the employer who sponsors the plan.

(More Info Here & There)

Steve Azoury

Disability Income Insurance

Have Minimized Portfolio Risk?

azoury financial planning For others it can be similar to a savings. But for others, it works differently~ In a bank, you can easily
withdraw that money that you have deposited, except in fixed deposits of course. in life insurance, the
death benefit can only be given once you die or meet an accident, as the case may be~ But both can earn
interest, still subject to the policy that you will choose. But at least in life insurance, you will not have a
chance to divert the funds that you have set aside for the future of your family in case you die.
With life insurance, you are referred to as the policyholder. You will have to pay a premium that will
constitute the death benefit. You will be asked to write down or determine your beneficiaries~ If in case you
die on a covered period, then the death benefit will be given to your beneficiaries. This benefit will not only
pay for the debts that you have left or the needs for your funeral but as a sum can be a way in which to
make you family have a good start.
Life insurance is very important. It will take on a burden that your family will face in case you pass away~ This is true if you happen to be the only working parent. How could your spouse provide for your children's
education~ daily subsistence and all? With life insurance, you can extend your love to them even without
your presence. You can continue and make come true the plans that you have dreamed for them. But, to be able to achieve this goal, you must make the wise choices and decision concerning your life insurance
purchase.

Financial Success Requires Planning

Chartered Life Underwriter (CLU) A Roth IRA may allow you to withdraw money at retirement tax-free. Most are unaware that forty percent of a person's income goes to pay taxes. You will keep more of the money you earn by investing in an IRA.
For young investors the stock market can be a great place to start investing. As your account size grows you could take some of that money and move it into real estate or business ventures.
Diversification lowers risk. For example, if you have 'all' your money invested in the stock market when
prices are declining then 'all' your money may decline in value as well. Now if you diversify your holdings
and had a portion of your money invested in the stock market, some in the real estate market and some in
businesses you might avoid a big loss.
The thought of funding one's own retirement makes some people nervous but if people start young and
stay consistent, today's generation will be able to afford the lifestyle they want now and throughout their
life.

(More Info Here & There)

Azoury Financial

Disability Income Insurance

Keys to Successful Investing.

azoury financial planning Rational Behavior
1. Buy in a declining market to take advantage of lower prices
2. STAY invested... Take the long view and continue contributions while riding out
market ups and downs.
3. Sell or rebalance when the market is rising to lock in gains
Irrational Behavior
1. Sell low: Locks in your losses
2. Cash out: Wait until it is 'safe' to re-enter the market after it has recovered
3. Buy high: Get back into the market once share prices are rising
Overreaction, herd mentality and over confidence drives Irrational Behavior. For instance,
responding in the extreme to the latest market noise, causes erratic swings in your investment
decisions. Following the 'crowd', after all, how can everyone be wrong? Believing in your
ability to 'time the market'
Ideas to combat Irrational behavior
1. Have discipline to maintain your long term strategy, regardless of the market noise
2. Have a well diversified portfolio
3. Have assets allocated based on your time horizon and risk tolerance
Remember, it is always a good idea to analyze your investment performance as it relates to
your risk tolerance. Tweaking your investment choices periodically can make a huge difference
in your returns by eliminating poor performing investments.

Retirement Planning is Key

financial planning A Roth IRA may allow you to withdraw money at retirement tax-free. Most are unaware that forty percent of a person's income goes to pay taxes. You will keep more of the money you earn by investing in an IRA.
For young investors the stock market can be a great place to start investing. As your account size grows you could take some of that money and move it into real estate or business ventures.
Diversification lowers risk. For example, if you have 'all' your money invested in the stock market when
prices are declining then 'all' your money may decline in value as well. Now if you diversify your holdings
and had a portion of your money invested in the stock market, some in the real estate market and some in
businesses you might avoid a big loss.
The thought of funding one's own retirement makes some people nervous but if people start young and
stay consistent, today's generation will be able to afford the lifestyle they want now and throughout their
life.

(More Info Here & There)

Steven Azoury