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Monthly Archives: February 2014

The USA Sochi Olympics all-snubbed hockey team

The USA Sochi Olympics all-snubbed hockey team

Will Team USA hold their own at the Olympics? It’s a great question and I’m excited to see how they fair. After a great run four years ago, can we figure a USA vs. Canada final? I sure hope so!

 
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Posted by on February 10, 2014 in Bruce Heen

 

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Derek Jeter: Yankees Have To Move On Without A-Rod

Derek Jeter: Yankees Have To Move On Without A-Rod

A-Rod is a bit of a sour note for the Yankees. He is suspended for the season, so like Derek Jeter said, they are better off continuing without him. Will A-Rod ever be the same? We will have to wait and see.

CBS New York

TAMPA, Fla. (CBSNewYork/AP) — Derek Jeter says the New York Yankees have no choice but to move forward now that Alex Rodriguez has accepted his suspension for the 2014 season.

Rodriguez ended his extended and acrimonious fight with Major League Baseball on Friday, withdrawing a pair of lawsuits that were filed in an attempt to overturn a season-long ban for his involvement in the Biogenesis scandal — the longest penalty in the sport’s history related to performance-enhancing drugs.

Jeter spoke Monday at the Yankees’ minor league complex. He said he has texted with A-Rod since the lawsuits were dropped.

Rodriguez was given a 211-game ban last year by baseball Commissioner Bud Selig that was reduced to 162 plus the 2014 postseason by arbitrator Fredric Horowitz. A-Rod sued MLB and the union in federal court in Manhattan, claiming the arbitration process was flawed. Rodriguez’s lawyers filed notices of dismissal…

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Posted by on February 10, 2014 in Bruce Heen

 

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Financial Planning for Retirement

Many people make the mistake of not planning for retirement until just before they want or need to retire.  The immediate satisfaction of planning a vacation from work in the present often trumps making actual retirement plans.  Whether you are pressed for time in figuring out how remain financially stable and make the most of your retirement or you have a little more time to sort it all out, here are some things to think about during the planning process:

Income and Expenses

Figure out what your monthly “income” will be in retirement, whether this comes in the form of a pension or a sum of money you will be allotting to yourself from previous investments, and compare it to your income and expenses today.  A good way to test if you will be able to maintain your current lifestyle, or if you’ll have to cutback on spending, is to try to live on your “retirement income” for a few months.

Taxes and other Expenditures

If not properly dealt with, one of your biggest retirement expenses could end up being taxes.  Make sure you put “find a way to reduce taxes” on your planning for retirement to-do list.  One way to do this is converting retirement accounts to Roth IRAs, which are tax-free.  If you do this correctly over a span of time (five years or so), you could save yourself a good amount of money.

Another tax that often creeps up on retirees is property tax.  Make sure that your retirement income is enough to cover your property tax.  If you realize early that this may be a problem, you leave yourself time to figure out a Plan B.  Also, don’t forget that sometimes relocation, while not always ideal, may be the best option when it comes to paying property tax in retirement.

It may sound obvious, but don’t forget to think about healthcare costs, especially if you will be under 70 and not eligible for Medicare.  Look for health insurance through an employer or private insurer.  Much like every other facet of planning for retirement, the key is preparation.  Health insurance is important at any age, but perhaps even more so in retirement.

Be Smart About Social Security

Put some thought into when you will choose to start accepting Social Security.  Many people believe that taking Social Security at a later age will ultimately maximize the payout.  While this may be true, it does not necessarily result in a better quality of life.  Yes, you can take your Social Security payout at 80, but will that money be more useful to you at a younger age?  Retirement is about finally having time to do all of the things you enjoy and, as long as you have done some financial planning, money from Social Security can help you enjoy those activities.  Think less about maximizing the Social Security payout and more about maximizing your overall experience in retirement.

via Bruce Heen http://bruceheen.org/financial-planning-for-retirement/

 
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Posted by on February 10, 2014 in Bruce Heen

 

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New Jersey Welcomes Super Bowl XLVIII

There are certain things that, arguably, have to be done at least once in a lifetime.  For people in the New York City area, these things usually include seeing a show on Broadway, watching the Macy’s Thanksgiving Day Parade cross through Manhattan, or standing outside for hours on New Year’s Eve to see the ball drop in Times Square.

This year, Super Bowl XLVIII will be held in MetLife Stadium, located in East Rutherford, New Jersey, and while it’s easy to assume that this location would easily put “attend Super Bowl XLVIII” on the tri-state area bucket list, the logistics of the entire day are enough to deter even local football fanatics.  Here’s why spending Super Bowl Sunday at home this year may not be the worst idea ever:

Weather

MetLife Stadium is an open-air venue.  The forecast for game day puts the high at a whopping 36 degrees, meaning the temperature will be even lower at game time.  Even if hand warmers are part of the ticket holder package, there’s no way around the fact that it will be cold.  While temperatures may not be low enough to rival the infamous Green Bay Packers games, fans in the nosebleed seats at MetLife Stadium will need to be bundled up and covered in layers to enjoy the game.

Cost

It’s no secret that Super Bowl tickets are insanely expensive.  The average ticket for the Super Bowl costs about $2,700 in the week leading up to the game, but some tickets can cost more than $10,000.  Viewers at home can watch the Super Bowl in a climate-controlled environment for basically nothing, if they have a basic cable plan.  The money saved by passing on a Super Bowl ticket can be spent on more important supplies for the night, like chips and hot wings.

This brings up another point: Anything fans might need to buy at Super Bowl XLVIII is going to be expensive.  In the past, fans have had to pay up to $14 for nachos and beer has gone for $15 a pint.  It is very possible that these prices will be even higher this year because the game is in the New York City area, a place already infamous for it’s high cost of living.

Traffic

The New York/New Jersey area already has a pretty bad rap for its insane amount of traffic—and, arguably, equally as insane drivers—and this problem is bound to worsen on game day.  Fans staying in The City and commuting into New Jersey by car are likely to see huge amounts of congestion in the Lincoln and Holland tunnels and on the George Washington Bridge.  Assuming drivers make it to East Rutherford in a timely fashion, parking passes are still going to leave fans another $150 short.  Attendees are encouraged to take advantage of NY/NJ Transit options.  Realizing the only area you’ll have to navigate is the path from your seat to the snack table is another reason watching the game in your living room might be the better option this year.

via Bruce Heen http://bruceheen.net/new-jersey-welcomes-super-bowl-xlviii/

 
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Posted by on February 10, 2014 in Bruce Heen

 

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