Jamaica - Business of Diplomacy

I arrived in Jamaica this evening.  After leaving the states, where the temperature had dropped to 50 degrees, I stepped off the plane into a warm 80 degree evening.  I was expedited through immigation into a waiting car to take me to the residence of the Jamaican Ambassador.  I will stay at the residence during my week  on the beautiful island of Jamaica.

I was awarded the U.S. Speaker and Specialist Grant to lecture on Financial and Estate Planning for Women.  My first grant was awarded in 2008 to lecture in Ghana and this one is to present in Jamaica.  There is a need both national and internationally to focus attention on getting ones' affairs in order.  If not for yourself, then for those you love.  When I reach beyond my own borders, I am able to still reach those at home.  Whether through blogging or news coverage, the message is delivered.  At some point the message hits home and action is taken.

Contact us at http://www.ythlaw.com/ and follow my blog over the next week, as I share the Jamaican diplomatic experience.    

The Three Important Steps to Any Plan

It is a very windy day as I write this blog entry. Today my thougths are about the importance of planning. Whether estate planning, retirement planning, financial planning, long term care planning or personal and business planning, there are 3 important steps. You have to (1) access where you are, (2) determine where you would like to be and then (3) write down the strategies and action steps to get to where you want to go.

Along the way, have a great time because each and every moment is creating the life story that you want to leave as your legacy.

Leave your comments here or contact us at http://www.ythlaw.com/

Creating Your Legacy

An important part of creating your legacy is making sure you build a sound financial future now. Even during these economic times, there are things we can and should be doing. Click on the article below which provides 3 simple steps to get you on the right track.
Financial Planning: Three Simple Steps to Financial Security - Quicken® Personal Finance Money Guide

Shared via AddThis

Retirement insurance and financial planning

Most of you have heard and all of you know that Social Security should not be your only nest egg. First of all, as have been covered yesterday, Social Security may not be around for everyone, definitely not in its current form.

That being said, it should have always been understood that Social Security is intended to supplement, not replace, the total financial resources needed by a worker at retirement. Social Security retirement benefits replace about 40 percent of an average wage earner’s income, less if the benefit is permanently reduced due to early retirement. The belief is that at retirement age your financial needs are reduced. The mortgage on your home is paid off or you downsize to a smaller home. Your children have left home and are independent or possibly providing assistance to you. You have no long term care health needs.

Ok, is this the reality for most retirees? How many are still paying a high mortgage? How many still have kids at home, grown or otherwise? Many financial planners suggest that 70–80 percent of an average wage earner’s income will be needed for a comfortable retirement. Our changed reality demands more advance planning for retirement than most people have realized.

Let us help you plan. Visit us at http://www.ythlaw.com/ for a free phone consultation. Feel free anytime to leave a comment.