Month: October 2015

Retirement Taxes Skokie IL | AGT The Safe Money People 847-933-9222

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Retirement Taxes Skokie IL The most perfect example of being caught between a rock and a hard place is where you are today financially. Give us a call 847-933-8222 for free.


Leon J Witkowski Jr DDS – About – Google Plus

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Leon J Witkowski Jr DDS – When you visit our office, your smile is our top priority.  Our entire team is dedicated to providing you with the personalized, gentle care that you deserve.Check out

Personal Financial Planning – AGT The Safe Money People Call 847-933-9222

Posted on Updated on – Personal Financial Planning | AGT The Safe Money People Give us a call today 847-933-9222

Is it even worth applying for life insurance at my age and health?

Have you ever thought about what you’re going to do with that money that you require to take from your heir raised when you become 7/12? Because you probably don’t mean to live on, well what about take that money and allocating it to be a call that will create 102050 or a hundred times the amount tax free to beneficiaries or organization that is important to you when you fast away.

Actually this is the reality for 50% people that come to our doors. Call now and find out more about using those required minimum distributions in order to create more wealth to your family, your love ones, your organizations that important to you or whatever it is that you want.

AGT the safe money people has been serving customers in the Skokie community for over the Past 10 years.

We hope you’ve found this video helpful. If you would like to learn more about our services, Please visit our website 847-933-9222

Now if you have the specific question or if you have some immediate concern regarding your finances, please don’t wait give us a call and we will be happy to serve you.

Personal Financial Planning

AGT The Safe Money People
5009 Oakton Street
Skokie, IL 60077
Phone: (847) 933-9222­e

Downsizing Can Help Retirement Savings Last – AGT The Safe Money People

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Downsizing Can Help Retirement Savings Last | AGT The Safe Money People

Ideally, in retirement, you reduce your monthly expenses. No more commute, less need for work-related clothes and dry cleaning, and the ability to eat lunch at home every day. But is it enough savings to balance the lack of income from work?

If you’re like many retirees, near-retirees or even those just starting to plan for retirement income, you may have an uneasy feeling about just how much money you’ll need and how long you’ll need it to last. If you’re just not feeling confident about it, there is one thing you can do to help: Downsize.

Downsizing to a less expensive condo, townhouse, apartment or smaller home offers numerous savings advantages, from reducing your monthly mortgage or rental costs, to lower maintenance, property tax and utility bills.

If you’re thinking of moving out of state, perhaps to a locale where you’ve vacationed and dreamed of living for years, consider the pros and cons of what living there year-round may mean. Is it a dreary place in winter, or too hot in the summer? Does it feature a year-round community where you can make friends with locals, or is it pretty much abandoned when tourists or snow-birds are gone — and could you bear that? Oftentimes those lovely vacation spots can be quite isolated during the off-season.

It may come down to your basic personality and disposition: do you prefer the opportunity to make good friends and always have people around with whom to spend time, or would you be OK with getting away from it all and minimizing outside relationships, at least for part of the year? Consider, too, how your spouse’s answers may differ to those same questions.

Then, too, you should examine the practical side of relocating. For example, will the cost of living be higher or lower than where you currently live, and what can you expect in terms of health care and other expenses and amenities? After all, your large family home may not be as expensive as a tiny condo on the beach, complete with high monthly expenses and high property taxes.

If you plan to move to another state, you will need to investigate tax and estate laws to see if you’ll need to update your wills and trusts. If you have a network of trusted financial professionals and attorneys, you may want to check if they are licensed to continue working with you in the state where you want to relocate.

Then again, you could just move to a smaller place in your current neighborhood or community. You may opt to live closer to relatives, which can offer the potential for significant savings when it comes to home care in your later years. If so, consider features in a new home that will be more convenient as you venture gracefully into old age, such as a single-story home with a low-maintenance yard and accessibility features. Also think about your locale of choice — such as whether you’d like to move to a more urban scene in a trendy downtown location near art galleries, museums, fine restaurants and concert halls. Perhaps a condo with a skyline view, concierge and doorman would fit the bill. After all, if you spent the majority of your adult life raising a family in suburbia, retirement may be the time to enjoy other types of entertainment.

A third option is to move to a senior living community. According to a survey by the Demand Institute Housing & Community, one in five baby boomers is considering relocating to a senior-related housing or active-adult community. While many of these campuses have come a long way in featuring more cultural and upscale amenities, many still suffer from a reputation of the proverbial “old folk’s home.”

The key to downsizing — or what some prefer to call “right-sizing” — is to make the right decision for your lifestyle and finances. Some retirement-oriented communities may offer work and entrepreneurial opportunities so you can get out and about, make new friends and contribute to your retirement income. Do not under-estimate the value of a strong social network comprised of people of all ages. After all, if you’re going to live a long and healthy life, why not live it among friends?

  1. Media Post. May 15, 2015. “Redefining Senior Living for Boomers through the Name Storm Project.”
    . Accessed Aug. 5, 2015.


Insurance for Retirement Skokie IL | AGT The Safe Money People 847-933-9222

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Insurance for Retirement Skokie IL – To pass down tax the money to my beneficiaries. Often they are people that don’t get approved. , here’s a few, just give us a call 847-933-8222 for free.

New Job, Older Worker | AGT The Safe Money People

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New Job, Older Worker | AGT The Safe Money People

Some married couples watch a newly divorced friend re-enter the dating pool and think, “Oh thank goodness we don’t have to do that.” Similarly, many older workers who are secure in their career or job thank their lucky stars when they learn that another mature worker has been laid off or, for one reason or another, is having to look for a new job.

Let’s face it, some things are simply easier for young folks, and dating and job seeking are generally two of them.

But the reality is, many mid-career workers have had to work hard to find a new job during this recent period of high unemployment. At the same time, more people are undergoing career changes midway through their career — and that in itself can cause stress. But here’s some good news: According to a 2014 survey by the American Institute for Economic Research (AIER), a large majority of mid-career workers who sought a career change (whether voluntary or forced) after age 45 found that their new positions led to less stress and felt their results were successful. In fact, 72 percent of respondents agreed with the statement, “I feel like a new person.” Sixty-five percent said their stress levels dropped.

One explanation for the lower stress may be explained by another study that revealed older workers frequently move from a management position to a non-management position. And here’s some more good news: Half of the survey participants reported that although they may have initially taken a lower-paying position, eventually their pay increased.

Other findings from the study reveal that people with some college education fare best when it comes to making a career change. First of all, workers with no more than a high school diploma are less likely to change careers. Second, professionals with graduate degrees are also less likely to change careers, presumably because they have spent so much time acquiring specialized skills and knowledge that it may be difficult to translate that experience into a new career. So it turns out that your basic college graduate with a general BS or BA degree is more likely to make a career change.

Another interesting fact is that older men are slightly more likely to make a career change than older women.

Income Differential

If you are mid-career or later, you may have noticed that your salary bumps aren’t quite what they used to be. That’s because the greatest salary jumps come between the ages of 25 and 35, and then earnings begin to plateau. In fact, a recent study found that by age 45 to 55, earnings are considered to be shrinking because they no longer keep up with inflation.

Here’s another interesting fact from the same study. Higher income earners who experience a salary disruption, such as being laid off, are less likely to recover their previous level of earnings than lower-income earners. At the lowest income levels, a negative shock is likely to return to a previous high level within 10 years, and subsequent increases generally continue. At higher income levels, an income decline may or may not return to a previous high level, and subsequent increases tend to be low.

Age Discrimination

Does age discrimination still exist in the job market? Most research concludes it does. In today’s job market, about half of all baby boomer job seekers say they felt they were discriminated against due to their age, at least in terms of working as much as they would have liked. One study — narrowly focused only on women seeking entry-level positions — nonetheless found that younger workers were 40 percent more likely to be called back for an interview than older workers.

However, legal recourse for age discrimination is much harder to prove than it is for race or gender discrimination. For one thing, it’s difficult to tell if an employer rejects an older applicant due to age or because he or she is overqualified for the position and therefore seeking a higher salary than is necessary to pay for that particular role. It is also difficult to tell if an older worker is laid off due to his or her age or is one of many as part of a workforce reduction or reorganization.

In order to win a lawsuit for age discrimination, there must be concrete evidence to that effect. For example, either written documentation (such as an email or memo) or witnesses to a verbal confrontation in which a supervisor referred to the worker as some type of derogatory term that indicates ageism discrimination.

Late last year, another study found that it takes five months longer for an older worker to find a job than a younger person with similar qualifications. Unfortunately, the study could not determine if older people are less aggressive in their search because they have enough financial resources to be patient and discerning.

Boston College Center for Retirement Research. April 23, 2015. “Late-Career Job Changes Reduce Stress.” Accessed May 6, 2015.

Boston College Center for Retirement Research. April 28, 2015. “Around 50, U.S. Workers’ Earnings Fall.” Accessed May 6, 2015.

Boston College Center for Retirement Research. April 21, 2015. “Employer Bias Against Aging Boomers?” Accessed May 6, 2015.

Retirement Taxes Skokie IL | AGT The Safe Money People 847-933-9222

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Retirement Taxes Skokie IL The most perfect example of being caught between a rock and a hard place is where you are today financially. Give us a call 847-933-8222 for free.