SAN DIEGO CALIFORNIA | VOL. 1
INSIDE THIS ISSUE: FEATURED ARTICLES
RETIREMENT • INVESTING • VACATION
RECOMMENDED SERVICE DIRECTORY
TRAVEL • LIVING • HEALTH • DINING
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CO NTE NT S FEATURES 2
Destination Vacations
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Investing For The Future
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Luxury Living
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Local Event Guide
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Senior Living
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26 Travel In Style 28 Saving For Retirement 32
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SAN DIEGO | CALIFORNIA | VOL . 1
TRENDING LOCATIONS TO VISIT THIS YEAR
Destination
Vacations
If you are looking for an exciting and affordable travel destination, consider the following locations. 1. Hawaii is a tropical paradise loved by all. It offers a rich marine life, unmatched underwater experiences, gorgeous landscapes, volcanoes, and interesting history. Of the six largest islands, Maui has the state’s most beautiful beaches - some with white sand and others with red or black sand. Oahu has Hawaii’s largest city and capital, Honolulu, which is known for Waikiki Beach and Pearl Harbor’s World War II memorials. The weather is perfect and there are endless opportunities for adventure. 2. Barcelona is both a beautiful city as well as a renowned beach town. It boasts a lively nightlife, lots of activities, and restaurants galore. There are amazing museums and galleries; Including the Picasso and Salvador Dali Museums, La Sagrada Familia, and other buildings by renowned architect Antoni Gaudi. Las Ramblas, the main walking street ends with a monument to Christopher Columbus honoring his discovery of the new world. 3. The Bahamas, which is made up of a series of islands, has the clearest turquoise water on the planet, as well as white sandy beaches.
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Underwater adventures abound dive for Spanish galleons, seek out the caves, or go sailing or fishing. The Bahamas offers a plethora of Ecotourism options, from bird watching to hiking. Nassau offers a few cultural sites like Ardastra Gardens and the Conservation center, in addition to being the capital city, but the Bahamas is great for island hopping as well. Or just pick one of the great resorts and relax at the beach. 4. Tel Aviv, known as the non-stop city, is a vibrant and exciting city on the Mediterranean Sea. It offers beautiful beaches, great cafes and restaurants, exciting night life and a 24 hour a day culture.
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History abounds and there are interesting museums including the Tel Aviv Museum and the Eretz Israel Museum which covers archeology, folklore, crafts and features an onsite excavation of 12th century-BC ruins. Tel Aviv is also the technology and financial center of Israel.
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INVESTING FOR THE FUTURE Not many people stumble into financial security through sheer luck: a lottery win, big inheritance, or huge stock winnings. For most of us the only way to financial security is a long term plan of saving and investing. Consistency is key to reaching long term goals no matter your income. The sooner you start saving and investing, the longer your money has to compound and grow. Set goals for how much of your income you will invest monthly and stick to it. Keep investment money and cash reserves separate so you won’t dip into your investment account when the market is down. Keep expenses low and spend on what is really important to you whether it is experiences or material things. Try to avoid the big mistakes, like buying a home that is more than you really need or creating a heavy debt load. If your employer offers a matching 401(k) contribution, be sure to take advantage of that option and contribute at least enough to receive it. It is essentially extra income that will grow and compound and is not taxed until you withdraw it. You can do it yourself but it probably makes more sense to work with a financial 6
advisor who is more knowledgeable about financial markets. An advisor will help analyze short term vs long term needs, separate emotions from objectives as well as help with devising a portfolio and strategy suitable for your needs. Investing consistently over the long term is the best way to grow your wealth as there is no way to time the market.
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LUXURY
LIVING IDEAS
Upgrading your home is only limited by your imagination and budget. Is it a luxury bath, fabulous kitchen, incredible master suite or home theatre that you desire?
KITCHEN Your kitchen is probably the heart of your home. This is where memories are made and shared as families love to congregate in the kitchen. The possibilities are endless. White is the most popular color for cabinetry but combining cabinet colors is the latest trend in kitchen design. Blues and greens are also becoming popular. Quartz is the latest for countertops and islands. Commercial-grade appliances, extra sinks and dishwashers all add to the luxury kitchen. Also popular are pizza ovens, appliance garages, warming drawers and under- counter refrigerators for wine and other drinks. If you have space, consider a butler’s pantry which acts like a second kitchen - great for caterers or just an extra space for food prep without disturbing the main kitchen area.
BATH For a luxurious bath, create a spa-worthy retreat. Consider heated floors and towel racks, a steam shower and a large soaking tub. Create a separate water closet for the latest in remote controlled toilets that feature a night light, bidet and self cleaning feature. Turn a great piece of furniture into your double sink vanity for a sophisticated look. And why not have a sofa and television for added ambiance. 8
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MASTER SUITE Add a mini-kitchen which includes a small fridge and coffee bar along with a sitting area so that you can enjoy your wine or coffee first thing in the morning or at the end of the day. Fireplaces are another nice touch for a romantic setting. If your home is equipped with gas, they are an easy addition.
LUXURY
LIVING IDEAS
MOVIE ROOM If you have a spare room, create your own private theatre with a high-definition flat screen tv, surround sound and theatre seating. A popcorn machine and fridge for drinks are nice additions. 10
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LOCAL EVENTS GUIDE
SAN DIEGO SEPTEMBER
SEPT 20-22 | Santa Fe Marketplace Celebrating the colorful cultures of Native Americans and the American Southwest. Transformed into a vibrant outdoor marketplace, Bazaar del Mundo will overflow with exquisite collections of authentic Native American jewelry, art, crafts and décor from tribe members, along with other noted Southwestern artists demonstrating and selling their goods. For more information visit: http://bit.ly/sdca-sept20 SEPT 22-29 | San Diego Restaurant Week The 15th Annual San Diego Restaurant Week returns Sunday, September 22 through Sunday, September 29 for a delicious dining experience! With over 180 participating restaurants offering prix-fixe menu options throughout San Diego County, you’re sure to find the perfect place to satisfy any craving. For more info visit: http://bit.ly/sdca-sept22 SEPT 27- OCT 6 Oktoberfest in El Cajon San Diego County’s most traditional Oktoberfest - fun for the whole family! Live German Oom-Pah music, awesome German food, German beers on tap, and so much more! For more information please visit: http://bit.ly/sdca-sept27 12
OCTOBER
OCT 4-6 | La Mesa Oktoberfest Since 1973, La Mesa Oktoberfest has been attracting over 100,000 people from across San Diego and Southern California for three FREE days of elevated family-friendly entertainment, tons of top-notch German food, live music, and of course, beer! For more information please visit: http://bit.ly/sdca-oct4 OCT 11-13 Experience Art San Diego Art San Diego will welcome an exciting group of local, national, and international exhibitors, showcasing contemporary work from hundreds of artists, offering art aficionados and collectors an unparalleled opportunity to explore, experience, experiment, and discover. For more info visit: http://bit.ly/sdca-oct11 OCT 18-20 Borrego Days Desert Festival We love celebrating our town and the end of summer! It is our annual salute to Borrego including the beautiful State Park that surrounds us, with an open invitation to come and share the Borrego Experience. For more information please visit: http://bit.ly/sdca-oct18
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NOVEMBER
NOV 1-10 | San Diego Beer Week A 10-day celebration, promoting more than 130 independent craft breweries in San Diego County. This year’s San Diego Beer Week is brought to you by the San Diego Brewers Guild, with participation from the region’s local craft breweries, allied and affiliate members. For more information please visit: http://bit.ly/sdca-nov1 NOV 4-12 | Fleet Week San Diego Fleet Week San Diego honors and celebrates the men and women of the military through events that entertain and alliances that thank and support these heroes. For more info visit: http://bit.ly/sdca-nov4 NOV 10-17 | San Diego Bay Wine and Food Festival Welcome to the San Diego Bay Wine + Food Festival, where sailboats and sandy beaches serve as the backdrop to one of the country’s most talked about weeks in food. Featuring dozens of events, hundreds of domestic and international wineries, the celebration of craft beer and spirits, local culinary legends and nationally recognized celebrities, and a Grand Tasting Finale on the stunning Embarcadero. For more information please visit: http://bit.ly/sdca-nov10 14
NOV 27 - DEC 1 | Jazz Fest The 40th San Diego Jazz Fest over Thanksgiving will present a variety of traditional jazz music, from ragtime to hot jazz to swing to rockabilly at the Town & Country Resort and Hotel in Hotel Circle. Jazz bands and musicians from across the U.S. will perform. For more information visit: http://bit.ly/sdca-nov27
DECEMBER
DEC 6-7 | Balboa Park Nights Balboa Park December Nights brings families and friends together to spread holiday joy and kick-off the “most wonderful time of the year” with lights and more! For more information please visit: http://bit.ly/sdca-dec6 DEC 7 | Encinitas Holiday Parade Thousands of people will be on floats and in bands with tens of thousands more cheering them on as the Encinitas Holiday Parade rolls along Coast Highway 101. For more information please visit us at: http://bit.ly/sdca-dec7 DEC 8-15 | San Diego Bay Parade of Lights The San Diego Bay Parade of Lights is a time-honored holiday tradition with more than 80 boats lavishly decorated sailing by the shores for all to see. For more information visit: http://bit.ly/sdca-dec8 (. . .continued on page 18)
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g n i v i L r o i n e S
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RETIRE WITHOUT CHANGING YOUR LIFESTYLE
Today’s upscale senior communities offer “resort style living” which is hospitality-oriented and resembles a 4-star hotel or cruise ship rather than a hospital or retirement home. Amenities Some of the more luxurious communities at the deluxe level even feature lively bars with chandeliers and overstuffed pillows. More standard amenities include:
Activities: Education and Entertainment, Fashion shows, Lectures from retired professors and various social and cultural events which are all examples of regularly planned activities for residents at higher-end facilities. In urban settings, planned outings to the city for museums, art galleries or theater visits are frequent occurrences as well. Grounds-keeping: Luxury communities are beautifully designed on the outside as well, from gardens to ponds to putting greens and walkways. Many include well-appointed courtyards for residents to socialize, relax, or enjoy a meal. Concierge Service: Offering ‘Concierge Service’ is what makes a Senior Living community a Luxury one. Similar to a hotel concierge, a resident can use the Concierge to arrange hotel flights or tickets to events, a service that makes these luxury communities clearly more desirable to prospective residents and their families. 16
Modern Therapies: Assisted living communities offer personal care to their residents, and the best communities often offer top notch therapy on top of standard care. In addition to specialized pet and physical therapy, upscale communities often also provide top notch occupational therapy, and music therapy, and always from trained and certified professionals. Residences: The kitchen is the focal point of any home and it’s no different when looking at the residence at an Assisted Living community. A standard assisted living apartment has a kitchenette, traditionally including a mini-fridge, a microwave, and a small amount of cabinet and counter space. The luxury assisted living residences feature full kitchens and appliances plus top of the line finishes, like granite counter tops for instance.
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Dining: An upscale senior living community will most likely retain a registered dietitian on staff and employ experienced chefs who serve gourmet meals. Choice and variety are crucial for the success of a kitchen at a luxurious community and most have more than two restaurants within the community, each with their own menus. Personal Fitness Trainers and Recreational Facilities: Recreation rooms are always available to use at the residents’ convenience, with computer labs, fitness rooms and cinemas. Fitness programs supervised by physical therapists and personal trainers are also kept on staff by any upscale community. High-end assisted living communities also provide full service spa treatments, beauty salons for the women and barbershops for the men. Additionally, no luxury assisted living community would be complete without a heated pool and spa, which are always popular with residents.
allowing residents to have their pets on site. There can sometimes be limitations regarding the size and number of pets. They frequently provide pet care such as dog walking, nail clipping, grooming and litter-box changes as well as formal, certified pet therapy. Spacious Apartments: One can expect about 20% more square footage at a Luxury community (approx 600 sf versus 500 sf at a standard community). A Two bedroom apartment at an upscale community can be more than 1200 square feet. Clearly, senior living is not what it was years ago. And for the retiree with means, it can be a lively, active, and rewarding lifestyle full of growth and fun!
Pet Friendly: Studies have shown that pet ownership has been shown to be beneficial to seniors, and more and more luxury communities are open to 17
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JANUARY
JAN 1-5 | San Diego Int’l Auto Show Where the cars are the stars! The San Diego International Auto Show features the widest variety of new vehicles under one roof. For more info visit: http://bit.ly/sdca-jan1 JAN 23-26 | Farmers Insurance Open Mark your calendars now, because one of San Diego’s biggest events of the year returns at the iconic Torrey Pines Golf Course. Come to enjoy everything San Diego has to offer! The ocean views, the world-class competition, and fan attractions including, The Michelob ULTRA Zone, Fan Village, autograph areas, a variety of locally themed concession stands and much more! For more info visit: http://bit.ly/sdca-jan23 JAN 30 - FEB 3 | BIG Salsa Festival enjoy the BIG Salsa Festival in the west coast! Get to know the diverse culture of San Diego, amazing dancers, and delicious food. BIG Salsa Festival San Diego is a four day latin event featuring some of the greatest names in performing arts and music! For more info visit: http://bit.ly/sdca-jan30
FEBRUARY
FEB 1-3 | Lunar New Year Festival Celebrate this new year with us in 18
a festive environment with dragon and lion dances, firecrackers, games, food, and more! For more info visit: http://bit.ly/sdca-feb1 FEB 8, 11, 14, 16 | San Diego Opera Hansel and Gretel Based on the Brothers Grimm fairy tale, Hansel and Gretel is a surreal production featuring astonishing life-sized puppets designed by Victoria’s Old Trout Puppet Workshop, a to bring the dreamlike forest, and countless whimsical visual delights to life. Enchanting and accessible. For more information please visit: http://bit.ly/sdca-feb8
MARCH
MAR 10 | Vera Quartet & MengChieh Lu The award-winning Vera Quartet is the String Quartet in Residence at the Curtis Institute of Music. They will play a composition written for their tour by David Hertzberg, a young American composer whose operatic music has been compared to Puccini and Strauss. For more info visit: http://bit.ly/sdca-mar10 MAR 25 | Koresh Dance Company “La Danse” Known for its engaging performance and technically superb dancers, the company performs critically acclaimed works at its bi(. . .continued on page 20)
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annual Philadelphia seasons, as well as in touring performances around the country. For more info visit: http://bit.ly/sdca-mar25 MAR 28 | Celebrate Argentina Spring Gala Enjoy the finest Argentine cuisine, live music, dance performances, and an exciting live and silent auction. This signature gala supports the museum’s Access for All initiative, providing access to the museum’s exhibits and educational programs for all families. For more info visit: http://bit.ly/sdca-mar28
APRIL
APR 3-5 | 18th Annual Indian Wells Arts Festival Ranked as a Top 100 Fine Art Show in the country, the festival has selected 200 artists by jury from more than 25 countries, 5 continents and 20 states across the nation. For more information please visit: http://bit.ly/sdca-apr3-arts APR 3 | Spektral Quartet The twice-Grammy-nominated Spektral Quartet actively pursues a vivid conversation between exhilarating works of the traditional canon and those written this decade, this year, or this week. For more info visit: http://bit.ly/sdca-apr3-spektral
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APR 10 | Drum Tao 2020 TAO’s modern, high-energy performances, showcasing the ancient art of Japanese drumming, have transfixed audiences worldwide. For more information please visit: http://bit.ly/sdca-apr10
MAY
MAY 2-5 | Cinco de Mayo Old Town This year’s Fiesta is sure to be MUY CALIENTE, transforming the historic Old Town area into the largest Cinco de Mayo celebration north of the border. For more information visit: http://bit.ly/sdca-may2 MAY 7-10 | Gator by the Bay - Blues & Crawfish Festival Largest, authentic Louisiana themed festival this side of the bayou. Features 4 days of live music - more than 100 performances on 7 stages, dancing, delicious Southern food - including beignets, gumbo, jambalaya & 10,000 lbs of crawfish. Family Friendly & Fun! For more info visit: http://bit.ly/sdca-may7
JUNE
JUN 11-14 | San Diego International Boat Show Southern California’s premier summer boating event. Now is the time to get yourself and your boat ready for the water! Make your boating dreams a reality by checking out (. . .continued on page 22)
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more than 150 boats for sale, as well as the latest nautical gear, gadgets and accessories. If you’re dreaming big, our expanded selection of 80’+ superyachts continues to grow. For more information please visit: http://bit.ly/sdca-jun11 JUN 20 | Ocean Beach Street Fair and Chili Cook-Off Ocean Beach Street Fair & Chili Cook-Off Festival offers attendees eclectic fun in the sun for all ages. More than 70,000 visitors will attend the Street Fair & Chili Cook-Off from 10am to 8pm on Saturday, June 20, 2020, for tasty festival nosh, art, beachfront entertainment, shopping, and more. For more info visit: http://bit.ly/sdca-jun20 JUN 20 30th Wooden Boat Festival The premier annual event for Southern California wooden boat enthusiasts and provides a rare opportunity for the general public to view some of the most beautiful and well maintained wooden crafts up close. For more information visit: http://bit.ly/sdca-jun20-boat JUN (TBA) | Greek Festival We enjoy sharing our heritage, culture, music, traditions, customs and culinary skills with you, our neighbors and friends in San Diego 22
and Southern California. In over four decades, we have established a reputation of serving the finest homemade Greek Foods and Pastries in all of California. Come and partake of these fine foods and pastries and trust that you will enjoy your day. For more information please visit: http://bit.ly/sdca-jun-greek
JULY
JUL 4 | Independance Day Enjoy all of the festivities San Diego has to offer on the 4th of July. Here are some popular venues to experience. Big Bay Boom @ various San Diego Bay spots (Shelter Island, Harbor Island, Embarcadero North, Seaport Village, Embarcadero South Marina Park, Coronado Ferry Landing), Coronado festivities @ Orange Ave, The Spirit of the Fourth @ Webb Park, Mira Mesa Fourth Celebration, Independence Day at the Border @ San Ysidro, Ocean Beach 4th Celebration, Scripps Ranch 4th of July Parade, and Oceanside Fireworks show @ El Corazon Site. Have a safe and wonderul 4th of July. JUL 11-12 | Smooth Jazz Festival Uniting music lovers from around the world at the picturesque site of Embarcadero Park North in the San Diego Marina. This three-day event combines the soothing sounds of smooth jazz, a variety of delicious (. . .continued on page 24)
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cuisine, and an amazing atmosphere that creates an unparalleled experience. For more info visit: http://bit.ly/sdca-jul11 JUL 24-25 | 11th La Jolla International Fashion Film Festival Hundreds of fashion filmmakers from around the world will be in attendance, being enthralled by the top 1% of fashion films produced worldwide at the upcoming 11th year of LJIFFF. For more info visit: http://bit.ly/sdca-jul24
AUGUST
AUG (TBA) | Summergrass San Diego Summergrass San Diego is San Diego County’s premier live bluegrass event and Southern California‘s best bluegrass festival. This family-friendly event includes top entertainment on stage as well as impromptu jams, great food, vendors, and an incredible location at
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the Antique Gas and Steam Engine Museum. For more information visit: http://bit.ly/sdca-aug-summergrass AUG (TBA) | Heiva San Diego An event of celebration filled with the richness of our Polynesian culture! We celebrate friendship, music, dancing, drumming, singing, arts & crafts and islands spirits! For more information please visit: http://bit.ly/sdca-aug-heiva AUG 29-30 San Diego Spirits Festival Join the celebration of what’s new in cocktail and culinary culture. The San Diego Spirits Festival is Lifestyle focused and offers a multi‑faceted event which will appeal to the novice cocktail lover, culinary enthusiast, fashionista and even the experienced Mixologist. For more info visit: http://bit.ly/sdca-aug29
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SAN DIEGO | CALIFORNIA | VOL . 1
Travel in Style – by Bonnie Roseman
If there’s anything I’ve learned in my 35 years as a stylist, it’s to “carry on,” and by that of course, I mean take a carry-on bag! In order to make travel easier for my busy clients, I’ve spent years developing techniques to make traveling simple and fun. A carry-on bag is key to making your journey more enjoyable; no more hauling multiple bags, or worrying about losing your luggage, which can ruin your trip before you even begin! In my most recent trip abroad, I traveled to the Scandinavian countries before flying to Greece for a little sun in the Cycladic Islands. After that, it was off to Italy and over the Alps. All the while, I had just one bag with me. 26
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To make the most of your luggage space, I suggest you wear your jeans and sneakers, and carry your leather jacket while you travel, to save space in your bag. Roll all items tightly! It saves space, and keeps everything from wrinkling. I usually prefer to stuff my undies and socks in my shoes. Select pieces with fabrics that can wash and hang to dry without needing to be pressed – it’s easier to keep things fresh and avoid using foreign cleaners that can be very expensive. Here are the basics for 6 weeks of traveling abroad across different climates. This short, gender-neutral list includes the basics for a great travel wardrobe. I recommend that your main wardrobe color for travel be black. It looks slimming on everyone, and doesn’t show dirt as easily. A few colorful tee tops can be added to give a little zip to your ensemble. All of these items will fit into your carry-on luggage and provide options for mixing and matching stylish looks while you see the world. You can then personalize your list by adding your toiletries, gloves, hat, or other essential accessories as needed.
TRAVEL WARDROBE Underwear 6 undergarments 6 pairs of socks Pajamas (your choice) Outerwear 2 tee shirts 2 button down shirts (one dressy, one casual) 2 pairs of pants (one jean, one black trouser) 1 pair of shorts 2 jackets (one leather, one raincoat) 1 cashmere sweater (pullover or cardigan) 1 bathing suit 1 basic black blazer (can be worn day or night) Accessories Scarves (colorful, lightweight) Belts (at least one black) Jewelry (a few pop pieces) 1 tie (traditional or bow tie) Shoes One heel or dress shoe One pair of flats (for day or night) One pair of sandals
Feel good, and look even better! Please contact me personally if you have any questions or would like to see my unique travel collection which can be dressed up or down. Bonnie@bonnieroseman.com | www.bonnieroseman.com | 917-209-0516 Bonnie Roseman Bio Fashion Designer. Style Consultant. Wardrobe Architect. The press has designated Bonnie Roseman as the ultimate fashion expert over the years. Featured on the NBC Today Show, People Magazine, and more, Roseman furthered her B-L-T brand by presenting her collection through the Home Shopping Network and Home Shopping Europe. Bonnie Roseman’s BLT has evolved into a full service boutique for women of all body types and lifestyles, featuring wrinkle-free fabrics and unique accessories that pack well and travel lightly wherever you go. Schedule with Bonnie and she’ll tell you all the secrets she’s been telling her clients for over 30 years. 27
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10 Year Countdown
To Retirement
Money See Where You Stand - It’s time to assess how prepared, or unprepared, you are financially for retirement. • Take a quick test: Assuming your retirement is about 10 years away, you want to have roughly seven times your current salary in savings, according to research from Fidelity. That puts you on the road to having about 10 times your final salary saved by retirement and maintaining your present standard of living. Retire before hitting 67 and you’ll need more saved; after, you’ll need less. • D . o a deeper dive: Plug your current numbers (such as earnings, savings and future pensions) into an online calculator to estimate your retirement income. Experts say you’ll need 75 to 80 percent of preretirement income to live well — debatable but a good starting point. • D . on’t despair: You have 10 years to act, by earning more, trimming expenses or delaying retirement. “Whatever you can do can only help,” says George Papadopoulos, a financial planner in Novi, Mich.
Save the easy way If you’re among the 82 percent of workers paid via direct deposit, save more by splitting your pay across accounts. Have your payroll department put part of each check into an online savings account, where it’s out of sight and out of mind. The direct-deposit users who split their deposits save up to $90 more per month than those who use another method to save, according to a recent study.
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SAN DIEGO | CALIFORNIA | VOL . 1
Pad your nest egg If you already have significant savings in a 401(k), 403(b) or IRA, open a Roth IRA (in 2019 you can contribute up to $7,000 if you’re 50 or older), or put money into a regular taxable account. •
Why do it? You’re laying the groundwork for lower taxes later. Say you need a new roof on your house in retirement; If you take money from a 401(k) or traditional IRA, it is taxable as ordinary income, and you may end up in a higher tax bracket, explains Carolyn McClanahan, founder of Life Planning Partners. But you can pull your contributions from a Roth IRA tax free (earnings, too, if you’re at least 59½ and have had the Roth at least five years). You can also invest via a basic taxable brokerage account; when you sell securities, you’ll pay only (usually lower) capital gains taxes on the profits.
Pay down the mortgage The problem with a mortgage in retirement is that you may have to sell investments to cover payments. And sometimes that will be when the markets are down - the worst possible time to sell, says Shelley Giordano, chair of the Funding Longevity Task Force at the American College of Financial Services. Her advice: 1. In place of your monthly payments, make half payments every two weeks. Those 26 payments per year are the equivalent of 13 monthly payments, resulting in a faster payoff and lower total interest costs. 2. Got a tax refund? A bonus? A side job? Apply that to your principal. 3. Avoid refinancing your mortgage, since a new loan with a later payoff date means more of your monthly payment goes to interest expense, not an increase in your home equity. 4. Don’t use a home equity loan or line of credit for purchases. The new tax law makes that less attractive, says Giordano. And this is the wrong time to be growing your mortgage debt. 30
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Put new retirement savings to work Not sure where to invest additional money? Aim for growth, somewhere between a trip to Vegas and stuffing cash into your mattress. The sweet spot •. Balanced mutual funds: Seek a mix of stocks and bonds;
a 50/50 or 60/40 ratio of stocks to bonds is reasonable. • Target-date mutual funds: These balanced funds automatically adjust investments to lower risk as you age.
Conservative but sound • High-grade corporate bond funds • Money market accounts • U.S. government bond funds • Certificates of deposit and online savings accounts (See bankrate.com for Federal Deposit Insurance Corp.–insured banks offering higher rates.)
• Series I inflation-protected savings bonds (sold at treasurydirect.gov)
Work Prepare Your Plan B - Ask yourself these questions, and be honest. 1. Do I work in a stable and growing industry? 2. Do I work for a stable and growing company? 3. Is my heart still in it? Have you answered no to any? It’s time to update your LinkedIn profile and see what else is out there.
• Why do it: Only about half of workers cruise their way to a planned, voluntary retirement; the rest of us exit prematurely, often as a result of job loss or burnout. You still have time to regroup. “With 10 years to go, there is still enough runway to make a mark,” says career and retirement expert Nancy Collamer.
• .How to do it: You know the routine. Tell people who can help you. Sign up for job alerts on the go-to site in your industry. Browse the postings that interest you, and note the skills that employers are seeking.
• .Want to stay put? Get busy anyway. “Whether you drive a bus or work in a store or in a professional occupation, maximize your opportunities by building your capital,” Collamer advises. “Give talks or write articles to boost your profile, or take advantage of short-term training programs.” One option: Go to linkedin. com/learning and get online access to thousands of business, creative and technology courses for $30 per month. Miller, Mark and Powell, Robert, AARP (2019, Feb 6). Countdown to Retirement: 10 Years [Web log post]. Retrieved from https://www.aarp.org/retirement/planning-for-retirement/info-2019/10-year-countdown.html
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RECOMMENDED SERVICE DIRECTORY
ARTIFICIAL GRASS Back Nine Greens.........................Front Inside Cover
MUSEUM San Diego Air & Space Museum, Inc.................21
CATERING El Indio Mexican Restaurant...................................3
NON PROFIT ORGANIZATION American Red Cross.....................Back Inside Cover
FINANCIAL ADVISOR Vicente Hinojosa III - Edward Jones..................19
PATIO COVERS Hawkins Construction.............................................13
FLOWLINE CHANNELING BPR, Inc........................................................................25
PROPERTY MANAGEMENT FBS Property Management.................................23
FOOD TOURS Carlsbad Food Tours...............................................23
REVERSE MORTGAGE One Reverse Mortgage...........................Back Cover
GOLF CLUB River Walk Golf Club...............................................23
SPINE CARE Spine Institute of San Diego..................................11
INSURANCE Lisa Trapp - State Farm.............................................7
TRIP HAZARD REPAIR BPR, Inc........................................................................25
MORTGAGES America Choice Mortgage............... Front Cover, 5 IFC Mortgage............................................................... 9 One Reverse Mortgage...........................Back Cover
TROLLEY TOURS Old Town Trolley Tours - San Diego..................19
MORTUARY Allen Brothers Mortuary, Inc................................15
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