Tag Archives: People

Quarter-million-dollar baby: Cost of raising kids

Young girl with magnifying glass and pile of coins

Kids cost HOW much?

Let’s face it: Kids don’t come cheap. But ask any parent and they’ll more than likely say their children were well worth the cost in not only time and treasure but blood, sweat and tears, as well. But have they—or you—actually thought about just how much, in dollars and cents, it actually costs to raise a kid to age 18?

This and other information to help you become more equipped to help your clients

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Identifying Your Future Income Deficit

Identifying Your Future Income Deficit

By C.I.S. Inc.

There’s no one set of rules when it comes to retirement planning. A sustainable retirement plan varies from person to person and so does their future income deficit. Stated plainly, your future income deficit is the amount of money you currently need to save in order to have the amount of money you need throughout retirement. There are ways to approximate your retirement income needs by assessing the money you currently have and your retirement expectations.

The first step in identifying your future income deficit is establishing when you’re going to retire. Secondly, determining how much money you will have from your primary sources of income (such as Social Security, Pensions, 401k, 403b, etc.). From there, calculating how much income is needed throughout the course of your retirement.

You should know that social security wasn’t designed to provide you with 100% of your retirement funds. In fact, it only grants roughly 40% to 60% of your retirement expenses. If you do not address the remaining percent, you will fall short of your monetary goal needed to retire.

Do you need more money than what is expected from your primary sources of retirement income? If so, how much do you need to save between now and the time you retire?

We can help figure out what you need to do to get there. Working with an advisor would be a wise way to build a plan that helps reduce your income deficit. The sooner you begin the planning process, the easier it will be to reduce your deficit to zero.

You can start the planning process by using this income deficit calculator. The calculator provided will help you determine how much you need to save and whether or not you’ll fall short. Retirement is like the ultimate vacation. You’ve worked a long time up to this point, but before you can take the trip, you need to know how much to save.

We can also help track your projected expenses and income throughout your retirement. Do you know how much money you will get in your first year of retirement? What about year 2? What if you live longer than expected? What if you get injured? What if you have grandchildren? Do you want to leave them money for their education or future weddings?

Knowing the total amount of money you’ll need for your retirement and approximating your costs is imperative.

It’s important to reiterate that you can’t skip steps in the retirement process. You can’t know your income deficit without knowing when you’re retiring, how much money you’ll have at retirement, or how much money you’ll need at retirement. A study from the Center for Retirement Research found that “people tend to maintain their pre-retirement spending when they first retire, but then cut back sharply thereafter. This pattern reflects the fact that, except for those with very high incomes, [retirees] lack adequate resources to maintain their initial levels of consumption throughout the retirement period.” Statistically, most people don’t properly plan for their retirement expenses. When you reach your age of retirement, will you be prepared? No one wants to run out of retirement money unexpectedly and calculating your future retirement deficit is the best way to solve that problem. Our helpful representatives can assist with any questions you might have.

Click here to request more information and get started on the path to a well planned retirement.

Copyright 2015 – This article is for educational purposes only. This is not for tax or legal advice. This is not a solicitation to sell or purchase any product. This content is property of C.I.S. Inc. and may not be copied, reposted or redistributed without written permission.

Health Insurance Premiums Will Go Up In 2016, But By How Much?

An analysis shows the monthly premiums for many people with Obamacare policies will not much change in 2016. But the high increases of some policies are drawing fire.

Some health insurance companies are asking for big price increases next year, and that has again riled critics of the federal health care law. But early analysis shows those steep hikes may not affect the majority of consumers.

The numbers released last week came out of a June 1 deadline, under the Affordable Care Act, that requires insurance companies to tell government regulators when they’re requesting price hikes of more than 10 percent. Some officials opposed to the law, like Sen. Steve Daines, a Republican from Montana, decried the increases.

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This Summer, The Cafeteria Comes To The Kids

Kids this summer are eating up the "chow bus"

(LA Johnson/NPR)

“Chow bus! Chow bus! Chow bus!” chants Gunner Fischer, 3, as a custom-painted school bus rounds the corner and rumbles toward his apartment complex in Murfreesboro, Tenn.

About 21 million students nationwide eat free and reduced-price meals throughout the school year, but getting those same kids fed during the summer is a challenge. Only a fraction of those make it to schools or community centers for summer meals.

So some school districts are getting creative in the way they’re using USDA funds: Murfreesboro City Schools is taking the cafeteria to the kids. The district calls it the Combating Hunger on Wheels Bus — or the CHOW bus.

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Give That Teacher A Key To The City!

Teacher Sarah Hagan (center) receives the key to the city from Mark Whinnery, the city manager of Drumright, Okla., and Mayor Deborah Bright.

Teacher Sarah Hagan (center) receives the key to the city from Mark Whinnery, the city manager of Drumright, Okla., and Mayor Deborah Bright.
Courtesy of Melinda Parker

The motivation behind our series, 50 Great Teachers, is pretty simple: Celebrate great teaching and great teachers.

A few months ago, I celebrated Sarah Hagan, who doesn’t so much teach algebra as shout it from the rooftops. Never have I seen more creative math lessons or more engaged students than in her classroom in Drumright, Okla.

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San Diego Unified Honors Teachers of the Year

SDUSD Teachers of the Year: (L-R) Ron Lancia, Brenda Mueller, Michelle Yepiz

SDUSD Teachers of the Year: (L-R) Ron Lancia, Brenda Mueller, Michelle Yepiz

SAN DIEGO (KUSI) – The San Diego Unified School District held its annual Day of the Teacher celebration Tuesday, honoring the district’s teachers of the year for 2015.

Taking place the same day as National Teacher Appreciation Day, the event recognized the district’s teachers that made the biggest impact on the lives of their students in 2015. The Day of the Teacher event honored the three outstanding educators who were named San Diego Unified 2015 Teachers of the Year at the elementary, middle and high school levels. The three Teacher of the Year runners-up and more than 140 Teachers of the Year from individual school sites were also recognized.

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New law requires California schools to stock epinephrine injectors for allergic children

A photograph of Natalie Giorgi rests at the State Capitol in April as her mother Joanne Giorgi came to support increased access to epinephrine auto-injectors in schools.

Cathy Owens was a nurse at Murrieta Valley High School in 1997 when she encountered a student in the throes of a severe allergic reaction, unable to breathe and fading fast. Owens called for an ambulance, but the teen was deteriorating too quickly. She made a split-second decision to use another student’s prescription epinephrine injector.

Her action was a breach of federal law, but a necessary one under the circumstances, she said. “That’s not a choice anyone should have to make, but I had to make it,” Owens said. “We didn’t want a child to die.”

Amid The Stereotypes, Some Facts About Millennials

Friends balance on pilings at the beach.

“Millennial” is the buzzword of the moment — with much of the national conversation focused on stereotypes and anecdotes. But are young adults today really all that different from those of previous generations?

A review of data shows that millennials do have characteristics that set them apart. Unlike their parents’ generation, millennials are ushering in an age when minorities will lead the U.S. population. Many of them aren’t too keen on marrying early. They are the most educated generation — but even so, a majority remains undereducated. And since they entered the workforce in the midst of a sluggish economy, many also remain underemployed.

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Poll: Half of older workers delay retirement plans

There was a time when Tom Sadowski thought he’d stop working after turning 65 earlier this year. But he’s put off retirement for at least five years — and now anticipates continuing to do some work afterward.

In an illuminating sign of changing times and revised visions of retirement, an Associated Press-NORC Center for Public Affairs Research poll released Monday finds older Americans like Sadowski not only are delaying their retirement plans, they’re also embracing the fact that it won’t necessarily mark a complete exit from the workforce.

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10 Retirement Concerns to Prepare For


It’s impossible to know what tomorrow may bring. Another Boston. A sequester surprise. Or disasters both natural and man-made. Life is different in Retirement Land. Here, there is certainty in sniffing out the major issues that will confront retirees and people getting ready to retire. Regularly, a common group of core issues is studied, reported, blogged, and tweeted about – day in and day out, week in and week out, year in and, well, you get the picture.

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