Yearly Archives:2019

Back to School Productivity Tips for Parents

  • Get up before your kids do.
  • Take those quiet minutes in the morning to drink your coffee, eat a healthy breakfast and mentally prepare for your day. 
  • Drink more water. When you’re dehydrated you have less energy – and just don’t feel like getting much done.
  • Prepare your kids’ lunches for the next day while you’re preparing dinner, so you aren’t rushing around later when everyone is home.
  • Create a to-do list each day and check off items as they’re completed. Try to get through your most daunting task before noon. If you wait, you’ll be less likely to tackle it. 

Source: “11 Ways to be productive while your kids are at school” WPXI News

Senior Lifestyle Planning Tips

Financial concerns are a big part of the retirement decision, but what if it weren’t?

Would you retire earlier if you could place focus on family, lifestyle, and health? Check out our featured article from Fidelity, “The Real Reasons People Retire” 

Contact us to discuss your situation and the reasons you’ll retire. 

Musuneggi Resource Mixer

The Musuneggi Financial Group values the resources and professionals available in our local communities. We’re happy to share them with you via our Resources page and as personal referrals.

On July 23, 2019, we hosted an event at BRGR to celebrate our resource partnerships and share with each other new ideas and updates on our businesses. 

Click to see photos from the event. 

Real ID is Coming to Pennsylvania

According to the Pennsylvania website:

Beginning October 1, 2020, Pennsylvanians will need a REAL ID-compliant driver’s license, photo ID card, or another form of federally-acceptable identification (such as a valid passport or military ID) to board a domestic commercial flight or enter a federal building or military installation that requires ID.

REAL IDs are now available to Pennsylvanians who want them. This guide will help you decide if you need a REAL ID, and provide information on what documents you will need and steps you can take to get an optional REAL ID.

Visit the Pennsylvania website, download the REAL ID checklist, or watch the video:

 

A Child is Not a Plan

Over the last few months you may have noticed that our articles have addressed:

  • adult children caring for elderly parents and the issues related to that; then,
  • parents having to support adult children and the issues that parents face because of that.

Having written a book called “A Man Is Not A Plan,” it is an easy transition to say, “A parent is not a plan, a child is not a plan; and neither is your boss, your government, your girlfriend, your spouse, your bartender.  No one should be your plan.  The plan is YOU.

As we celebrate the month of Independence Day, we need to reaffirm our independence.  Life can often intervene with problems. Things happen.  Some by choice and some by chance; and we need to be independent enough to handle whatever comes along.  Now this does not mean we can’t ask for help.  But being independent means preparing in advance; and asking for help before the need arises.

The greatest sense of Independence comes from knowing what you know and knowing what you don’t know…

Ask for help to learn how you can be financially independent. Ask for help to do your budgeting and plan your finances.  Ask for help to develop your Estate Plan.  Ask for help to address family issues.  Find Resources to affirm your life plans.  

The greatest sense of Independence comes from knowing what you know and knowing what you don’t know; while knowing who the people are that know what you don’t.

In the lazy days of summer it is a good time to assert your independence by mapping out the plans for your life.  That way you don’t need to have a man, a woman, a cousin, as sibling, a parent, a child, a government, or yes…even your bartender be your plan.
The best person to be your plan is YOU. 

Happy Independence to YOU!
 

Mary Grace Musuneggi

Christine Pukutis-Musuneggi Named Five Star Advisor for Fifth Straight Year

Congratulations to The Musuneggi Financial Group’s Christine Pikutis-Musuneggi!

The announcement:

We are pleased to announce that Christine Pikutis-Musuneggi, CRPC®, CLTC, LACP has won the 2019 Five Star Wealth Manager award! By earning this honor, Christine has demonstrated a commitment to clients. Please offer Christine your congratulations.

Five Star Professional has recognized in the pages of Pittsburgh Magazine an outstanding group of Pittsburgh-area wealth managers. Five Star Wealth Managers are named using an in-depth research methodology that includes ten objective criteria.

Congratulations once again to Christine Pikutis-Musuneggi, a 2019 Five Star Wealth Manager!

Sincerely,

 

 

 

See her award recognition by clicking on this bio graphic: 

Be sure to congratulate Christine on Linkedin, Twitter or Facebook!

Congratulations, Christine!

 

What is Your College Savings IQ?

Pop Quiz!5 Facts to Boost Your College Savings IQ Fidelity Investments

Fill the form below and we’ll send you a free eBook from Fidelity which will help you learn five key concepts to increase your College Savings IQ! Contact us for more information or to consider your options for college savings. 

Raising Parents?

by Mary Grace Musuneggi

Have you ever noticed that in a family of 5 brothers and 1 sister, that when the time comes to be the Caretaker for Mom and Dad, the most likely choice will be the sister? It really doesn’t matter if she is a single parent with 3 children of her own, has a full-time job, and that she baby-sits her youngest brother’s children on the weekends, when he has to work. And if the sister is by chance single, with no children, then she is the ultimate choice, after all she doesn’t really have anything going on in her life anyway.

How Caretakers are Determined

Now in all fairness to our male counterparts, and because sometimes tradition dictates, the Caregiver can be the eldest sibling, just by nature of the birth order; or the youngest as he or she was the last to leave home and so has a closer relationship with the parents.
 
Living out of state, or already taking care of your elderly in-laws, usually takes you out of the running. But being the only child means you are it. No matter how, no matter what, no matter where.

Willingness to Care

And yet I am grateful that personally I know of no children who wouldn’t willingly want to care for their parents if the time and need arose. A way of saying “thank you” for all the parents had done for the children. A way of giving back. The hope that when their time comes, that someone will be there to take care of them.
 
But willing is not always able. And when the time comes, it is one awesome task. There are financial, ethical and sometimes even legal and moral dilemmas that arise. Decisions to be made. Tack on to this, if you are part of the sandwich generation, that you are trying to care for the parents, put the kids through college, plan for your retirement, and somehow pursue what dreams you may have for your own life.
 
During the months of May and June, we are reminded of our multiple roles as women. With Mother’s Day and Father’s Day and Graduation Day, we see ourselves as Mothers, and Daughters, and Granddaughters, and Aunts, and Sisters, and Wives, and Significant Others. How amazing we are to be so much to so many! 

May is Disability Awareness Month

Think you don’t need disability coverage? Think again. We draft a will and estate plan and purchase life insurance. Few of us consider disability insurance – the coverage that can help us maintain our income and quality of life while we are alive. 

A fate worse than death? In financial terms, maybe. Statistics form the Social Security Administration show that a quarter of Americans in the 20s may become disabled before they reach age 67. Consider this – when you die, your income stops. So do your expenses. If you are severely disabled and cannot work, your income stops, but your expenses do not. In fact, due to the cost of medical treatment, your expenses may even increase.*

Percent of Long term disability claims by age
Click to enlarge graphic

Will the government take care of you? Many disabled people discover that they don’t qualify for state assistance. Others find that the amount or length of coverage available is not sufficient to support them. It’s an all-too-common story. 

It’s time to start thinking about disability insurance. We’d all like to believe that we’ll never be disabled. The reality is that it could happen to you. If it does, will your family be taken care of? Will you be prepared? May is Disability Insurance Awareness Month, so why not find out about the options that are right for you. Please contact us today at The Musuneggi Financial Group.


*money.usnews.com/money/personal-finance/family-finance/articles/do-i-need-disability-insurance