SOFA shares retirement funds tips

Society for Financial Awareness

I have just a few quick minutes here to dash off a few of the tips Mike Ford of SOFA shared as first presenter at the highly-informative Elder Law seminar at Glencroft Retirement Community in Glendale.

Glencroft resident

The biggest takeaway: If you’re looking for a safe, steady stream of funds to last your lifetime, fixed annuities are a good middle-of the-road choice between totally safe but low return bank products and riskier but potentially-higher return securities (stocks, bonds, etc.)

He also pointed out that folks are often surprised at how little they can really withdraw of their savings each month once they retire and still have enough to last their lifetime. While it used to be 4 percent, it’s now 2.52 percent.

The major drawback with fixed income annuities is the withdrawal charge. For most annuities, the penalty phase doesn’t start until you take out more than $10,000 in each year, but then it can be upwards of 10 percent. So, for example, should you withdraw $20,000 one year, you’d have to increase your input of funds to that account by 33 percent to get back to your original balance after you do that withdrawal. In other words, only put in that annuity the money you know you don’t have to withdraw beyond the free withdrawal fund limit each year.

SOFA offers a free consultation. You can reach Mike Ford at,

Identity Theft Protection, Affordable Legal Help

I’ve long been impressed by, and am using the services of, a 30-year-old company formerly known as Prepaid Legal Services. The newly-renamed LegalShield is so affordable (starts at $17 a month) and provides an assigned local firm of attorneys and a wide array of legal services including will preparation, court prep and court time,  preparation of and professional advice on contracts and much more. In addition, LegalShield can help protect your identity, a huge problem in this country. There are individual / family plans and those for businesses small and large. There’s one specifically for those of you who are self-employed.

In fact, I’m such a fan of the company and all it offers that I’ve just signed on as a representative. For more information, visit my LegalShield site. Contact me anytime, for more information. Additionally, if you’re in Arizona, let’s get together for an upcoming informational event soon. You’ll enjoy good food, great information, no sales pressure, and the chance to meet like-minded folks and industry experts in the area. Call or text me soon at 623-217-4083, e-mail, or fill out the contact form on my site. I’m here to help you, your friends, and your family throughout the U.S.

Meet Meetup

If you’ve never visited, you’ve missed the opportunity to meet like-minded people in your local community for fun, companionship, networking, business training, sports, or perhaps even romance. The site allows you to search by locale and by interest, and to set up alerts for new groups whose hobbies or interests you share.

Over 50 Singles of Central Phoenix

In Phoenix alone there are 1,065 different Meetup groups. Within a 10 mile radius 61 hiking groups meet regularly. Of these the 126 metro-area dance groups vary from ballroom to country, disco and hustle to swing. There’s even a Swingin’ Out Gay and Lesbian Swing Dancing Meetup Group. Entrepreneur groups include the Phoenix Young Enrepreneurs Incubator, Real Estate Investing and Marketing Entrepreneurs, The Mom-e Club in nearby Gilbert, and the Phoenix Affiliate Marketing Group. There’s a group for Senior Healthcare Professionals and even one specifically designed for NASCAR fans. Groups for those of us in the 50+ age bracket abound. Snowbird Connection was founded by a Michigan resident who resides here half the year, to meet others who do the same. The Family Caregiver and Support Group of Tempe welcomes anyone caring for family members, while Solo Seniors of the East Valley plans group events for boomer and senior singles.  Continue reading “Meet Meetup”