Archive for June, 2012

8 Scary Retirement Facts

Posted on June 28, 2012 by Saldutti

For the next 20 years, about 10,000 baby boomers will turn 65 each day. Some have been preparing diligently for their retirement by building savings, and are looking forward to having the freedom to do what they want to do when they want to do it. Other boomers may not have begun to contemplate how retired life will look because they are caught up in living for today. As this massive generation crosses into what has historically been retirement age, they will face many new realities, and they may not all be pretty. The recent economy has not been cooperative…

7 Jobs Kids Can Do to Make Money

Posted on June 26, 2012 by Saldutti

Kids who work paid jobs often acquire better money management skills than their non-working peers. They also develop a sense of responsibility and accountability.¬ Although you might think your child’s work options are limited, there are actually a variety of jobs available. There are even a number of small business ideas for teenagers and kids from GalTime.com. Help cultivate your child’s entrepreneurial spirit by considering these job opportunities. Household Chores: It’s likely that there are plenty of things to do around the house that you could use help with. Cleaning floors and windows, dusting, and sweeping are all easy tasks…

The Worst Savings Mistakes You're Making

Posted on June 19, 2012 by Saldutti

Many Americans have been making terrible savings mistakes, according to the Federal Reserve’s newly released Survey of Consumer Finances for 2010.¬† The savings mistakes range from directly buying company stock to not saving for retirement.¬† Here are the worst savings mistakes that you may be making, from the Huffington Post: You don’t have a savings account. Just 51% of American families have a savings account, according to the Fed’s survey. Having a savings account is critical for being able to save over the long term. You aren’t saving for retirement. Only 35% of families have an employer retirement plan, 28%…

Ways To Save At The Movie Theater

Posted on June 15, 2012 by Saldutti

Hollywood wants your money.¬† From “The Hunger Games” to “The Avengers” to “The Dark Knight Rises,” studios are rolling out big draws this year to get more people into theater seats. But catching a movie several times a year is expensive.¬† The average movie ticket price in 2011 rose to $7.93 from $7.89 the year before, according to the National Association of Theatre Owners. But in many parts of the country, like New York, Los Angeles and Chicago, ticket prices can hover above $10. And you’ll pay several dollars more for a 3-D movie.¬† Add a bag of buttered popcorn…

Family Net Worth Plummets Nearly 40%

Posted on June 12, 2012 by Saldutti

The average American family’s net worth dropped almost 40% between 2007 and 2010, according to a triennial study released Monday by the Federal Reserve.¬† The stunning drop in median net worth – from $126,400 in 2007 to $77,300 in 2010 – indicates that the recession wiped away 18 years of savings and investment by families.¬† The study, called the Survey of Consumer Finances, offers details on savings, income, debt, as well as assets and investments owned by American families. Though more than a year old, the results highlight the marked deterioration in household finances brought on by the financial crisis…

Firm Attorney Recognized by HUD

Posted on June 08, 2012 by Saldutti

Saldutti, LLC attorney Thomas O’Connell¬†and the Haddon Township Housing Authority were¬†recently recognized¬†by the U.S.¬†Department of¬†Housing and Urban Development for their¬†work in¬†Haddon Township, New Jersey.¬† As¬†solicitor,¬†Tom aided the¬†housing authority in their efforts to make¬†significant improvement and¬†achieve near perfect scores for¬†its Rohrer Towers I apartment complex for senior citizens.¬† The two¬†scores reflect an assessment of health and safety standards (97/100) as¬†well as financial and¬†managerial performance (99/100).¬† The housing authority team are proud of their achievement and hope that the high scores¬†help with future funding for the subsidized housing. Mr. O’Connell also had the privilege of attending the 82nd Annual Commercial Law League…

Don’t get Burned on Your Next Vacation: 5 Budgeting Tips

Posted on June 05, 2012 by Saldutti

Vacation is supposed to be fun, but budgeting for it sounds so ‚Ķ boring.¬† Maybe it’s not as fun as snorkeling with dolphins, but it’s absolutely necessary, because snorkeling with Flipper isn’t cheap. You need to make sure you can pay for that before you take the dive.¬† Budget now, and you’ll be thankful later.¬† Here are some helpful tips from radio talk show host, Dave Ramsey, to make sure that you don‚Äôt get burned on your next vacation. Pet Care – Is your chihuahua, Tinkerbell, going on the trip with you? If not, who’s keeping her? Will she be…