HLR Media
2 | february 17, 2014 - february 23, 2014
Covering essential expenses in retirement Today’s retirees face unique challenges — including prolonged periods of market uncertainty and longer average lifespans — which make thoughtfully planning for retirement more critical than ever. For most, feeling more confident about retirement comes down to the ability to pay for essential expenses — the predictable and recurring costs of life’s necessities. Some of the most common essential expenses include food, home maintenance costs, mortgage or rent payments, taxes and insurance premiums. How can you cover these expenses? Since markets will always fluctuate, having a concrete financial strategy that includes guaranteed or stable income sources can help you cover your essential expenses in all market environments. If you’re nearing retirement, you may already have one or more sources of guaranteed or stable income in place, most notably Social Security. You may also have a defined benefit plan through your employer. Yet, no matter how strong these two sources of income may be, they might not be sufficient to cover your essential
expenses in retirement. This means that you will likely have to rely on your savings to pay some of your basic living costs. There are several financial solutions that offer guaranteed or stable income and can help you cover the gap between what you have in place and what you’ll need, for example: • Annuities — Annuities can generate a reliable stream of income throughout retirement. Annuity contract guarantees are backed by the claims-paying ability of the issuing insurance company. They can provide a stable income for a desired period of time, or for life. Some annuity contracts may also provide principle protection. The unique features of annuities offer opportunities for tax deferred future income growth. There are also many different optional features and benefits that may be available for an additional cost with annuities. In return for the benefits they provide, annuities carry a surrender charge and other fees. • Bank deposits — Most savings accounts, Certificates of Deposit (CDs) and other deposit arrangements at a bank offer a set interest
rate and return of principal, and are protected by the Federal Deposit Insurance Corporation (FDIC) for up to $250,000 per account registration. (For more information, visit FDIC.gov.) • U.S. Government Securities — Savings bonds and United States Treasury Securities are backed by the full faith and credit of the U.S. Government. They may pay a stated interest rate,or be purchased at a discount of face value. There are many strategies that can be used to generate income with these instruments. Interest income from Treasury bonds is generally exempt from state and local income taxes, but is subject to federal income taxes. Having the financial security you need to enjoy retirement takes planning and hard work. All of these investment choices can provide a regular stream of income over time, so you can count on payments to help you meet the challenges of an uncertain environment. Consider working with a financial professional who can help you find the best financial strategy for you based on your financial situation and goals.
A new California Appellate case just published August 8, 2013, “Glaski v. Bank of America”, holds that a homeowner can challenge his lender’s right to foreclose by showing that the Deed of Trust never made it into the securitized trust until after the trust’s closing date. This is the case in most loans made in the last 12 years. If the bank foreclosed we should be able to get the homeowner money damages and/or the house back. Or a lawsuit could be filed and a court ruling obtained preventing the court from foreclosing. Recently enacted Sections 2924(a)(6) and 2924.19 of California Civil Code provide the same relief to homeowners. It is highly suggested that homeowners take this window of opportunity to get relief before the banks get Congress to close this door with national legislation. Contact us so we can help you.
600 N. Rosemead Blvd. Suite 100 Pasadena, CA 91007 626. 584.7800 www.stephengoldenlaw.com We are here to help you. Call us for FREE in-office consultation
Burbank Police offer safety tips following Mountain Lion sighting On January 29, 2014, a mountain lion was spotted near the 3000 block of Wedgewood Lane in Burbank. This bulletin is intended to alert the community of the sighting and to provide precautions to keep residents and their pets safe. The following safety tips have been provided by the California Department of Fish and Game: • Do not feed deer; it is illegal in California and it will attract mountain lions. • Trim brush to reduce hiding places for mountain lions. • Do not allow pets outside when mountain lions are most active-dawn, dusk, and at night. • Bring pet food inside to avoid attracting raccoons, opossums, and other potential mountain lion prey. • Do not leave small children or pets outside un-
attended. • Install motion-sensitive lighting around the house. • Do not hike, bike, or jog alone. • Avoid hiking or jogging when mountain lions are most active-dawn, dusk, and at night. • Do not approach a mountain lion • If you encounter a mountain lion, do not run; instead, face the animal, make noise and try to look bigger by waving your arms; throw rocks or other objects. Pick up small children. • If attacked, fight back. • If a mountain lion attacks a person, immediately call 911. For more information regarding Mountain Lion sightings or safety tips, contact Sergeant Darin Ryburn at 818-238-3240.
Man killed in West Covina Continued from page 1
and observed a black vehicle driving toward them from the location at a high rate of speed. Deputies initiated a pursuit and ended in the area of Nogales Street and La Puente Road in unincorporated West Covina. The male suspect ran from the vehicle and entered a Bestway Market. The suspect then ran through the back door of the market and into the neighborhood. The suspect ran through several backyards in the neighborhood in an attempt to evade Sheriff’s deputies. The suspect eventually encountered Sheriff’s deputies in the 19100 block of Elberland Street, unincorporated West Covina where a Deputy Involved Shooting occurred. The suspect was pronounced
dead at the scene. A search is underway for evidence and/or a weapon. A female adult passenger of the suspect’s vehicle was taken into custody. Also, a young child who was in the vehicle was taken into protective custody. There is no additional information at this time. Anyone with information about this incident is encouraged to contact the Los Angeles County Sheriff’s Department’s Homicide Bureau at (323) 890-5500. If you prefer to provide information anonymously, you may call “Crime Stoppers” by dialing (800) 222-TIPS (8477), or texting the letters TIPLA plus your tip to CRIMES (274637), or by using the website http://lacrimestoppers.org.
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