Twitter Facebook Myspace

Delicious Wine, Great Information

Last night’s event, Wine Tasting and Real Estate, was fantastic. Irene Smith always puts on a great seminar – the food was excellent, the wines were delicious, and Dvir Levy’s presentation on behalf of Wells Real Estate Funds was full of great information. Here are a few photos from the event:

Would you like some cheese and crackers with your wine?

Here’s Irene getting her first pour of the evening from Janice, co-owner and co-founder of The Accidental Wine Company.

Good food, good wine, and great information at The Law Collaborative.

Speaking of food, there was a fabulous array of hors d’oeuvres to nosh on, which I sadly did not get a picture of. I’ll know better for next time – but maybe you’ll be there to eat it all in person?

Visit our events page at www.thelawcollaborative.com/events.htm. We’ve got lots of brand new seminars planned, including Retirement Illusions: Where do we go from here? and Best Kept Secrets in Family Law: What divorce lawyers don’t want you to know. These seminars are extraordinary opportunities to educate yourself with regards to your finances, your retirement options, and how to protect yourself, your assets, and your kids during a divorce. For more information, visit www.thelawcollaborative.com or call us at (888) 852-9961. We are here to serve you.

Women and Retirement Perceptions

Irene Smith is a Certified Divorce Financial Analyst™, Certified Financial Planner® and Certified Public Accountant with Smith Financial Management. Earlier in July, we hosted one of her fantastic seminars, A Woman’s Journey To Financial Independence. On August 16th, we will be hosting another of her seminars, Wine Tasting and Real Estate. The event is free, but space is limited. Please RSVP no later than August 10 if you wish to attend. Click here for more information.

WOMEN & RETIREMENT PERCEPTIONS: Will the reality of retirement live up to expectations?

Presented by Irene Smith

In January 2011, Merrill Lynch released the results of a survey asking baby boomers with $250,000+ in investable assets about their retirement hopes. There were some interesting across-the-board findings – 70% of those polled expected to work at least part-time, and 84% felt their retirements would be more comfortable and dynamic than those of their parents. Yet it was the collective response of women in the 1,000-investor study that drew the most attention.1,2

Women envision a very active retirement. Volunteering and travel registered as major priorities for women, more so than for men: 64% of women said they wanted to get more involved in their communities, 62% planned to devote more time to philanthropy, and 86% planned to travel when retired. Additionally, 14% of the women surveyed said that they wanted to start a business after their careers ended.2

Women are more concerned than men about running out of money. While 52% of male respondents were unsure that their retirement assets would last a lifetime, 63% of women polled were worried about outliving their money. Additionally, 70% of the women surveyed said they worried about rising healthcare costs.2

Will reality prove disappointing? Too many women approach retirement unprepared, with too little saved or invested. You can cite two major reasons for that.

1. The multiyear absence of some women from the workplace (which can coincide with peak earning years, lessening the rate of retirement plan contributions)
2. A notable earnings gap (full-time working women earn 78 cents for every dollar men earn, which may reflect everything from gender inequality in career paths to wage discrimination).3

Another factor may be conservative investing. While you can take on too much risk in your portfolio and pay the price, there may also be a cost for assuming too little risk – your portfolio may not be able to produce returns that keep up with inflation. The federal Consumer Price Index from June 2011 shows annualized inflation at 3.6%.4

How are you investing and saving to pursue your retirement dream? Is there a strategy in place with realistic objectives? A chat with a financial professional may lead to the discovery of creative new ways to pursue your retirement ambitions.

Securities, advisory services and insurance products are offered through Investment Centers of America, Inc. (ICA), member FINRA/SIPC and a Registered Investment Advisor, and affiliated insurance agencies. ICA and Smith Financial Management are separate companies.

This material was prepared by MarketingLibrary.Net Inc., and does not necessarily represent the views of the presenting party, nor their affiliates. All information is believed to be from reliable sources; however we make no representation as to its completeness or accuracy. The publisher is not engaged in rendering legal, accounting or other professional services. If assistance is needed, the reader is advised to engage the services of a competent professional. This information should not be construed as investment, tax or legal advice and may not be relied on for the purpose of avoiding any Federal tax penalty.

Citations.
1 – reuters.com/article/2011/01/31/us-retirement-study-idUSTRE70U3E820110131 [1/31/11]
2 – mediaroom.bankofamerica.com/phoenix.zhtml?c=234503&p=irol-newsArticle&ID=1521693&highlight [1/31/11]
3 – civilrights.org/archives/2009/04/291-equal-pay-day.html [4/29/09]
4 – online.wsj.com/article/SB10001424052702304521304576447641965268196.html [7/15/11]

Upcoming Events

We still have two fantastic events this summer. On August 13th, we have a Second Saturday Divorce Workshop featuring Attorney Robert Borsky,  James Walton, Ph.D., and Pete Collins, CFP, covering child custody, spousal and child support guidelines, how to protect oneself in court, and the divorce process and fees.  Our much anticipated Wine Tasting and Real Estate event on August 16th will be hosted by Irene Smith, CDFA, with guest speaker Dvir Levy, Regional Vice President of Wells Real Estate Funds.

For the Second Saturday Workshop, register online here and get 50% off the registration fee, or call us toll free at (888) 852-9961.

For Wine Tasting and Real Estate, click here to RSVP online, or call us toll free at (818)884-4888.

Register Now: Wine Tasting and Real Estate

photo by 96dpi via PhotoRee

Our seminar, Wine Tasting and Real Estate, is coming up on August 16th. Irene Smith, CDFA, will be hosting A Tale of Two Markets, accompanied by Dvir Levy, Regional Vice President of Wells Real Estate Funds. The presentation will start at 6:30 p.m., with wine tasting immediately following. Space is limited so reservations are required.

Click here to RSVP online, or call (818)884-4888.

Saving Money During A Divorce

Last night’s seminar, A Woman’s Journey To Financial Independence, was a success. Thank you to those who attended and expressed their appreciation for the outstanding information. For those who were unable to attend, not to worry, we’re hosting another financial seminar on August 16th: Wine Tasting and Real Estate.

In this new podcast featuring Irene Smith, who presented last night and is co-hosting Wine Tasting and Real Estate next month, she and the partners have a lively discussion about what spouses should know about finances before and during a divorce case. In addition, Irene explains to Ron and Robert the advantages to working with a Certified Divorce Financial Analyst, including how a CDFA will save you time and money.

Click the play button to listen now.

Podcast Powered By Podbean

Listen to last week’s interview with Irene here.
Subscribe to Ron and Robert on iTunes and get new podcasts weekly.

Certified Real Estate Divorce Specialist Randy Morrow Speaks With Ron and Robert

In their best podcast yet, Ron and Robert speak with Randy Morrow, a veteran Realtor in the highly specialized field of Divorce Real Estate. Randy is trained in the legal and tax aspects of the divorce process as it relates to real estate. He specializes in research of obscure divorce-related legal rulings and regulations, and their implications for divorce and taxes.

Podcast Powered By Podbean

Like what you heard? Subscribe to Ron & Robert On Divorce on iTunes.