SAC Investments

Financial Services Ft. Lauderdale Florida

sam-header

Call Today! (954)763-2816 

Sam Curmaci, President of Investments

Monday - Friday 9 a.m. to 4 p.m. EST
401 E Las Olas Blvd Suite 1400, Fort Lauderdale, Florida 33301

BROKER CHECK

CLIENT LOGIN

  • Home
  • About
    • Our Firm
    • Sam Curmaci
    • Our Mission
  • Financial Services
    • Annuities
    • Bonds
    • ETF’s & Mutual Funds
    • Money Management
  • Qualified Plan Options
    • Overview
    • Defined Benefits Plans
    • Retirement Plans
  • Client Testimonials
  • Blog
  • Meeting
  • New Clients
  • Contact
    • Schedule a Chat
    • Our Office Location

Reasons to Start Financial Planning Today

July 7, 2016 by Sam Curmaci

financial planning
Start financial planning early on to begin organizing and growing your wealth portfolio.

If you go strictly by what you read or watch on the news, then you know that the present economy is volatile. It goes up and down based on world events and domestic markets, but, all in all, it can’t be predicted. It’s hard to know where to invest your money, especially if you’re just about to retire and you want to live on your dividends for a long time. The basic reality is that your Social Security check every month is only a drop in the bucket. With your impending lump-sum distribution from your retirement plan or the estimated payments that you will receive from structured annuities, you still need financial planning. Fortunately, there’s good news for people in your shoes. Here, we look at a recent report on the outlook for retiring high-earners:

Forbes.com’s Andrew Biggs did a comparison of the median disposable income of U.S. retirees 65 and older with the median disposable incomes of counterparts in other developed countries. He found that the U.S. average income was $26,250, which places our retirees at #3 (behind retirees in Luxembourg and Norway). The reason for our high level of retiree disposable income compared to other countries is that we have low income taxes.

Biggs also noted that two-thirds of U.S. retirees pay no taxes on their retirement and payroll income. While you are in a higher income bracket perhaps than the median retirees discussed above, you know that your proposed income stacks up well. Now, you can sleep better at night. But, what do you do with that income? How do you make it grow?

Structure Your Investments Based on Current and Future Trends

The age-old advice still holds true. Don’t put all of your retirement eggs in one basket. Build a portfolio of retirement investments, even if that means moving your money around. It means that you don’t have to keep your money invested in the same mutual funds and other portfolio options you chose in your last job. Once you reach that official retirement age with your employer, the question is not really about which rollover to take. It’s about restructuring. You want a combination of high-yield, medium-yield, and low-yield investments, and your strategy should account for the risks associated with each investment type.

Consider Taking a Few Risks

While some high earners pursue a diverse investment strategy, recognizing that investments like capital bonds for government building projects pay off over the long run, they are afraid to take the biggest risks. At the retirement age, it is understandable that you don’t want to lose your retirement savings because you are foolish. Maybe you will start small and risk a small percentage of extra income. Tech startup investments are an example because they can generate double-digit returns (i.e. Instagram), but that isn’t always the case.

Go Tech: Portfolios With Angel Investments

Your portfolio could include some angel investments, for example, if you want to capitalize on tech. A recent Forbes report found the following: “On average, if executed strategically, venture investors should aim to achieve 10x returns on individual investments, but across a portfolio, an internal rate of return (IRR) of 25%.”

You Need Some Expert Guidance

I am here to help you understand how you can restructure your retirement income to include a range of sensible investments. We can build in the acceptable levels of risk for portions of your portfolio based on your needs. It’s never too late to adjust your financial planning strategy and to take advantage of new trends in the market, especially with double-digit returns possible. These can always be adjusted in the future.

For information on investing retirement wealth, please contact us today.

Sam Curmaci

Filed Under: Financial planning Tagged With: financial planning, financial planning tips, Sam Curmaci, wealth management advice

4 Tips to Help You Save Money Without Feeling the Pinch

December 31, 2015 by Sam Curmaci

will I have enough money to retire

The Roman statesman Cicero said, “Frugality includes all the other virtues.” Most of us focus a lot on making more money. But once we make it, we tend to spend it all and don’t have that much left in terms of savings. If you don’t have savings, you can’t make investments. And if you don’t make investments, your money isn’t going to grow. As a result, retirement might roll around without your being prepared for it. Instead, take a few simple steps to make sure that you start saving money before you absolutely need to have it. If you’re wonder if you’ll have enough money to retire, try the following tips:

Schedule a Repeating Transfer to Your Savings Account

If your direct deposit comes through on a certain day of each month, you can schedule a repeating transfer to your savings account a couple of days later. Don’t make this amount so big that you’re sure to miss it. Start small. Even fifty dollars per month will do. If you get used to saving this amount pretty quickly, make it seventy-five or a hundred. Another good idea is to start transferring money right when you get a raise. You’re already used to living within the limits of your previous salary, so transferring the extra money into savings will not be difficult.

Write it All Down

Are you going to start spending less if you have to write down all your expenditures? You may think that writing things down isn’t going to make any difference but you’d be surprised at the outcome. Many people keep a journal with them and write down everything they spend. This makes them think about it while they’re actually doing the spending. Plus, you can also sit down with your journal at the end of the week or the end of the month and see where you’ve overspent and where you’veunderspent.

Don’t Underspend

You heard that right. There is such a thing as underspending and most of us are doing it all the time without even realizing it. Where do we tend to underspend? It’s usually on those little things that will help us to improve our physical health and our mental wellbeing.

You may not think it’s worthwhile to buy a lot of fresh produce and make healthy meals. But your health is more important than anything else you might have. So most expenses made in this direction are justified. Plus, if you’re spending some money on entertainment every week, like going to a movie, this is usually going to make you feel good and work harder in the long run.

So don’t skimp completely on the little things that make you feel good. Instead, try to avoid spending money on luxuries that don’t do much to further your wellbeing. You can set up a cost-benefits analysis to help you figure out which expenses are worth it and which ones aren’t.

Think Long-Term

Let’s say you have a habit of getting coffee and a bagel on your way to work every morning. This is not an expensive breakfast by any means and is only likely to cost you a two or three dollars. But three dollars per day adds up to fifteen dollars a week, which is approximately sixty-six dollars a month. That’s quite a bit of money, which could all go into your savings. Instead, you could buy bagels from the grocery store and make your coffee at home or at work.

Think about what little habits you have, such as these, that you wouldn’t mind giving up. If that morning coffee is really important to you, don’t worry about it. There must be something else in your daily routine that you wouldn’t mind giving up.

Contact us for more great tips to make sure you save enough money to retire.

Sam Curmaci

Filed Under: Financial planning Tagged With: financial planning, financial planning tips, planning finances, Sam Curmaci, Will I have enough money to retire

Disciplined Financial Planning Sets Retirement Foundation

November 12, 2015 by Sam Curmaci

The approaching holiday season reminds us that this year is ending, and another is about to begin. The past eight years have been challenging, with the Recession trouncing many families and businesses, and a sluggish recovery that is still hampering the return to full function of many industries. If retirement is in your plan for 2016, or even 2026, hopefully, the past economic doldrums have taught you that disciplined financial planning is necessary in order for you to withstand negative financial forces over which you have no control.

The following tips provide some direction as you contemplate your 2016 financial planning activities. Some of them are more relevant to those whose retirement is sooner rather than later. All of them are educational for anyone who plans to enjoy a happy and secure retirement, whenever it might begin:

financial planning
It’s never too late or too early to start setting the foundation for your financial planning for retirement.

For those over 60:

1. Review Your Workplace Retirement Benefits:

Although the Recession may have eroded some of these opportunities, many employers continue to offer valuable financial benefits even after retirement begins. The value of free health insurance to a retiree is immense, especially if retirement begins before Medicare eligibility. Employer contributions to the 401(k) might also be available. If you’re still years away from retiring, plan to check in on a regular basis with the HR department to stay on top of possible positive developments.

2. Review Your Long Term Investment Plan:

If you don’t have one of these, now’s the time to start one – it is truly never too late to launch an investment plan. Depending on when you intend to retire, your portfolio should contain the assets that are most likely to provide you with the income you’ll need throughout your retirement. Some people plan never to retire, and expect to earn a steady income throughout their later years. Others are looking for 20 or more years of golf and beach combing. They will need a different strategy to ensure adequate cash flow regardless of what the economy is doing.

3. Develop an Emergency Financial Plan:

An emergency financial plan is not the same as planning to move in with your adult child. The availability of liquid cash can avert many disasters, so having access to six months to a year’s worth of monthly expense funds can keep you afloat in trying times. Keeping the funds in an interest-bearing account, no matter how puny the interest rate may be, provides a vehicle to which to turn if the need arises.

For those Under 50:

1. Embrace the Gift of Compound Interest:

According to Albert Einstein, compound interest is “the most powerful force in the universe”. Early investment (and reinvestment of investment returns) can have a profound effect on the growth of any financial fund. Many banks and financial institutions will set up savings/reinvestment accounts that draw a regular installment from your income, and then reinvest the dividend the fund pays out. Because the transactions are automatic, you do not experience the “loss” of the funds, and the net growth can provide a sizable nest egg with almost no effort on your part.

2. Consider Your Savings as an Investment in Yourself:

Foregoing even one night out a month in favor of saving the funds can lead to significant financial growth with very little social loss. Just as you budget for your work wardrobe or vacation, you should also budget for your later years. Beginning in January, contemplate the value of comfort in the long run over a night of so-so pizza with friends, and put those funds away appropriately.

3. Plan to Enjoy Each Day, No Matter What:

Setting up, and following through with, a sound financial plan can be the foundation for a happy and fulfilled life. Knowing that you’ve got that basic requirement covered frees you up to focus on the other aspects of life that bring you joy. And continued financial discipline over time will assure that you will have the resources you’ll need when retirement day finally arrives.

Spending money and saving money can accomplish the same goal – the creation of an asset that brings value now and throughout its lifetime. Schedule a chat to discuss how I can assist you to establish a successful financial plan for your retirement.

 

Sam Curmaci

Filed Under: Financial planning Tagged With: financial planning, financial planning for retirement, financial planning tips, planning for retirement, preparing for retirement with financial planning, Sam Curmaci

Recent Posts

  • What to Do with Your ESOP: Options Available for Employees
  • Tips To Save Even More For Your Retirement
  • Seven Reasons Financial Planning Is So Important
  • What To Do For Retirement Before It’s Too Late
  • Reasons to Start Financial Planning Today
  • What Retirement Options are Available for Royal Caribbean Cruises’ Employees?

Categories

Archives

As heard on IHeart Radio

Search:

Investments

  • Money Management
  • ETF's & Mutual Funds
  • Bonds
  • Annuities

Qualified Plans

  • Overview
  • Defined Benefits Plan
  • Retirement Plans

Stay Connected

facebook linkedin

Privacy Statement

SAC Investments

The Retirement Specialist
Email Us

Or Call For More Information.

(954) 763-2816

Disclaimer: Securities offered through Leigh Baldwin & Co., L.L.C. Member: FINRA/SIPC with accounts carried by: National Financial Services L.L.C. a wholly owned subsidiary of Fidelity Brokerage Services L.L.C. Leigh Baldwin & Co., L.L.C. Policy: We take Privacy very seriously. We handle your personal information as we wish others would handle ours. S.A.C. Investments does not share, sell, or lease retail account information. On occasion, S.A.C. Investments may send you unsolicited mail or email regarding new promotions or sales. If you would like to remove your name from these notifications, send us an email.

Copyright © 2020 • SAC Investments • The Retirement Specialist • Best Website Service