Jude Offiah

Jude Offiah Examines Individual Retirement Planning Approaches

Jude Offiah has seen far too many people poorly plan and execute their retirement, causing difficulties later in life that can be hard to overcome. As a result, he suggests various financial steps that he, as an investment adviser, has helped many of his most successful clients do over the years.

Retirement Planning Steps Jude Offiah Suggests Each Individual Take

The first thing that Jude Offiah thinks people must take when planning retirement is fully understanding the range of their financial situation. Suppose you have stocks, bonds, and other types of high-quality investments. In that case, Jude Offiah suggests sitting down with a financial adviser and going over all of these elements to identify those that need to be improved or enhanced in any way for your needs.

For instance, Jude Offiah suggests paying attention to how your stocks are growing, the ways they are likely to develop, and how you can utilize this cash with your savings to fund your retirement. Striking a good balance here is challenging, Jude Offiah says, because too many people are cautious and don’t consider the dangers of inflation and how it will affect their eventual retirement plan.

Inflation is a genuine concern, Jude Offiah says, because it will potentially tie up your retirement money and make it worth less by decreasing the value of money. Take into account how much differences 30 years can make in monetary value. Fifty years ago, people could retire on $500,000 with ease. These days, that much money is worth less and may not be suitable for long-term retirement.

So make sure that you plan to have more money than you think you’ll need, Jude Offiah says because it will end up being worth less than you think. And make sure that you understand how much money you’re going to be paying upfront during retirement and what kinds of debts you should eliminate. Jude Offiah suggests paying off credit cards and loans right away to decrease your potential debt payments.

Beyond this step, Jude Offiah also suggests understanding the lifestyle that you want to live. Are you going to be traveling a lot after your retirement? Then you may want to invest in items that cut back on this cost. For instance, Jude Offiah suggests selling your vehicles and home if you’re going to travel and buying a large and comfortable trailer that you can live and travel in as you age.

This option is excellent for those who plan on being snowbirds, Jude Offiah says, because they can park their trailer somewhere warm in the winter and then somewhere back home during the summer. This step helps to compress your house and vehicle bills into one package. However, this choice is not wise for those who want to settle down and should only be done if you’re going to travel a lot as you age.

Jude Offiah Examines Individual Retirement Planning Approaches

Jude Offiah Examines Individual Retirement Planning Approaches

Jude Offiah has seen far too many people poorly plan and execute their retirement, causing difficulties later in life that can be hard to overcome. As a result, he suggests various financial steps that he, as an investment adviser, has helped many of his most successful clients do over the years.

Retirement Planning Steps Jude Offiah Suggests Each Individual Take

The first thing that Jude Offiah thinks people must take when planning retirement is fully understanding the range of their financial situation. Suppose you have stocks, bonds, and other types of high-quality investments. In that case, Jude Offiah suggests sitting down with a financial adviser and going over all of these elements to identify those that need to be improved or enhanced in any way for your needs.

For instance, Jude Offiah suggests paying attention to how your stocks are growing, the ways they are likely to develop, and how you can utilize this cash with your savings to fund your retirement. Striking a good balance here is challenging, Jude Offiah says, because too many people are cautious and don’t consider the dangers of inflation and how it will affect their eventual retirement plan.

Inflation is a genuine concern, Jude Offiah says, because it will potentially tie up your retirement money and make it worth less by decreasing the value of money. Take into account how much differences 30 years can make in monetary value. Fifty years ago, people could retire on $500,000 with ease. These days, that much money is worth less and may not be suitable for long-term retirement.

So make sure that you plan to have more money than you think you’ll need, Jude Offiah says because it will end up being worth less than you think. And make sure that you understand how much money you’re going to be paying upfront during retirement and what kinds of debts you should eliminate. Jude Offiah suggests paying off credit cards and loans right away to decrease your potential debt payments.

Beyond this step, Jude Offiah also suggests understanding the lifestyle that you want to live. Are you going to be traveling a lot after your retirement? Then you may want to invest in items that cut back on this cost. For instance, Jude Offiah suggests selling your vehicles and home if you’re going to travel and buying a large and comfortable trailer that you can live and travel in as you age.

This option is excellent for those who plan on being snowbirds, Jude Offiah says, because they can park their trailer somewhere warm in the winter and then somewhere back home during the summer. This step helps to compress your house and vehicle bills into one package. However, this choice is not wise for those who want to settle down and should only be done if you’re going to travel a lot as you age.

Jude Offiah Says People Forget These Things During Financial Planning

Jude Offiah Says People Forget These Things During Financial Planning

Financial planning is one of the most important activities you can undertake. The right financial plan may help you lead a more prosperous life. Without a plan, you may find yourself in financially dire straits, or you may find that you have to skip on activities you might enjoy, like a long vacation to Europe. Finance expert Jude Offiah has helped countless individuals and families develop personal financial plans, and now, he’s going to share some things people tend to forget during the financial planning process.

“I’d say the first thing a lot of people forget is simply putting together a financial plan,” Jude Offiah points out. “They fly by the seats of their pants, assuming they’re in good financial shape and that spending is under control. However, you can’t know that until you map out your finances.”

So a good first step for many people is to start the financial planning process. However, even people who are building financial plans often fail to take certain factors into account. Jude Offiah says that financial planning must be thoughtful and tailored to your unique situation.

“There’s no one size fits all financial plan,” Jude Offiah says. “Each person has different needs. You need to take your personal situation into account or you might miss something important.”

So what types of things are often forgotten during financial planning?

“A lot of people fail to take into account the impact of small, personal purchases,” Jude Offiah claims. “You buy a latte at Starbucks in the morning, swing by your favorite burrito place for lunch, rent a movie on Amazon when you get home. Each individual purchase is small, but they quickly add up.

Jude Offiah advises people to take a long look at their personal spending on small items and find ways to cut spending.

“So how do you cut personal spending? You can buy a good latte machine for a few hundred bucks, and if you skip the coffee shop, it’ll quickly pay for itself. Packing a lunch for work three days a week may cut down on your lunch spending,” Jude Offiah. “But first, map out your personal spending on a monthly basis and see what you’re spending the most on. If you normally brew a cup of coffee at home and only get a latte once a month as a treat, you may not need that latte machine.”

Jude Offiah Talks About Estate Planning

Estate planning is very important and should be part of your efforts to get your finances planned out. This is especially true if you have a family. You’ll want to make sure they’re taken care of in the event of a tragedy.

“Estate planning is a touchy subject,” Jude Offiah says. “But you need to make sure that your family is taken care of should a tragedy unfold. If a major income earner passes away, your family may struggle with the mortgage and other bills. The right life insurance plans and retirement portfolios, however, will provide financial stability. Sometimes people forget about estate planning or put it off, but you want to address it sooner rather than later.”

Have more questions or concerns? Jude Offiah advises individuals and families to seek out professional financial planners as they may identify things you missed.

Jude Offiah

Financial Advisor Jude Offiah Discusses Essential Tips for Financial Planning

Financial advisor Jude Offiah recently discussed his most essential tips for financial planning.

Jude Offiah has been in the financial services field for nearly three decades. He’s known for the high level of service and knowledge he brings to his clients — always keeping their financial best interest at the forefront. Recently, Jude Offiah offered his expertise to anyone interested in learning more about financial planning success. The following are some of his most essential financial tips.

“I take a lot of pride in helping people reach their financial goals,” Jude Offiah said. “I’m always grateful and eager to be able to share my knowledge.”

Jude Offiah explained that one of his top tips is one of the most basic. A person must spend less than what they earn. However, he added that in order to earn more than you spend, you must be making what you’re worth. Jude Offiah encourages everyone to take a step back and look at what they’re earning at their current job. He explained that being underpaid can drastically impact your savings over the course of your lifetime.

“A major financial goal is to get ahead and be able to put some money aside for retirement, a child’s education, or other major expenses,” Jude Offiah said. “However, you’ll absolutely never get ahead if you continue spending more than you’re earning.”

That led Jude Offiah to the topic of budgeting. He expressed the importance of creating a budget and sticking to that budget, no matter what your income bracket may be. Jude Offiah added that creating a budget and realistic financial goals with a qualified financial advisor can lead to even more success.

“Pay off debts whenever possible,” Offiah said. “Credit cards are especially dangerous, as it’s easy to lose track of what you’ve spent, and those amounts add up quickly.”

Jude Offiah explained that reducing debt as much as possible will allow for more financial freedom, including more opportunities to save and invest. Paying your credit cards off before the due date is an essential part of financial discipline and reaching your financial goals.

Additionally, Jude Offiah expressed the importance of contributing to a retirement plan as well as investing when possible. He explained that if your employer offers a 401(k) plan, they may match the amount you contribute toward it, maximizing your benefits even more. However, those without employee retirement plans should consider speaking with a financial advisor about an IRA.

“The most important part of financial planning is to hold yourself accountable,” Jude Offiah said. “A clear budget and savings plan that you’ve developed with a financial advisor can help you see your financial flaws and fix them for a more financially stable future.”

Jude Offiah

Jude Offiah’s Top Financial Tips For New Parents, From College Savings To Life Insurance

Securing Your Little One’s Financial Future: What Jude Offiah Wants Parents To Know

As a new parent, you want to do all that you can to take care of your little one. Working to ensure their financial well-being is key for giving you peace of mind and protecting their future. When you’re exhausted from the early days of having a baby, it can be hard to stay on top of your finances, but it’s vital for your child’s well-being. Financial advisor Jude Offiah is sharing his top financial tips for new parents.

Immediately, you’ll want to add your baby to your medical insurance. You’ll have a month to do this, but don’t put it off – otherwise, you could find yourself responsible for hefty medical bills. You’ll also want to add your child as a beneficiary on your life insurance, according to Jude Offiah. Even if you already have other children, you may want to revise your policy now that you have another child and make your new child an equal beneficiary to his or her siblings.

Jude Offiah also recommends amending your monthly budget. If you haven’t already been budgeting, Jude Offiah says that this is the perfect time to start. Diapers, child care, clothes, wipes, medications, and more can add up. If you can start saving for these expenses before the child is born, even better, according to Jude Offiah.

It’s easy to think that these expenses will fade over time, but according to Jude Offiah, children only tend to get more expensive. Swimming lessons, preschool tuition, music equipment, and more will add up fast. Jude Offiah recommends revisiting your monthly budget every six months to ensure that you’re fully considering your child’s needs, and not falling into a mountain of unexpected debt.

Jude Offiah also recommends opening a college savings account sooner rather than later. The earlier you start your child’s college savings account, the more time there is for the money to grow. Even if you can’t afford to put much away right now, something is always better than nothing. A college savings 529 account grows tax-free, and the money will be there for your child when it’s time for them to begin their journey through higher learning. Each parent can contribute up to $15,000 annually, providing them with a tax break and providing the child with a huge boost when it’s time to go to college.

Jude Offiah

Jude Offiah: Why Financial Planning is So Important in a Covid-19 World

Jude Offiah has been in financial planning for 29 years. He provides a high level of financial planning services for his customers. Jude Offiah takes great pride in helping people reach their financial goals.

Jude Offiah is the owner of Woodmen Financial Resources, LLC. He has a highly trained staff of professionals. Jude Offiah also has a satisfaction guarantee if you’re not satisfied there is no cost for the financial plan that was created.

Covid-19 is a global pandemic that the world has been dealing with for nine long months. Jude Offiah has assisted several people with financial planning during the pandemic. What some people fail to realize is how important financial planning is during this turbulent time.

Jude Offiah offers general advice to his customers on money matters. Many people are unemployed due to the lockdowns that started in March in New York City, not only did people lose their jobs, businesses lost their business, they were forced to close their doors permanently because even with the small business assistance they were given it was not enough. This has happened all over the United States and the world. Jude Offiah knows unemployment is at an all-time high, food pantries don’t have enough food and supplies for everyone, and worst of all we have now entered an even larger Covid-19 crisis on a scale no one could have imagined.

Jude Offiah believes what people need is money management skills. Jude Offiah also realizes it’s difficult to manage something you do not have. However, with unemployment and savings, you may be able to get by that’s why financial planning is so important during the pandemic.

The first thing you need to do is find out about your mortgage or rent make sure your house is not going to be foreclosed on or you’re not going to be evicted. Jude Offiah recommends you pay only what you must pay. If you’re safe from losing your home, ad vehicles which most people in the United States at least are protected by the state and federal laws that have been put in place to protect the people.

Jude Offiah said even insurance companies, electric companies, cable companies, and credit card banks are also working in accordance with the laws. Therefore, you must buy food and personal item. The remainder of your money must be put into a savings account and left alone. Eventually, when the pandemic slows down or ends you will be responsible for all your bills again. No one can depend on getting another stimulus package because everything is so uncertain right now,

Jude Offiah believes by reading one of his books or his website you will find information on financial planning that you need to survive the coronavirus.

Jude Offiah

Jude Offiah Discusses What People Often Forget During Estate Planning

Jude Offiah Discusses What People Often Forget During Estate Planning

Estate planning is essential for people young and old. Yet many people put off estate planning, or set a will, then simply forget about it. This can lead to problems for families and other beneficiaries. Fortunately, estate planning expert Jude Offiah is going to share some insights.

“My first suggestion is simply to not forget to plan your estate,” Jude Offiah says. “Do I sound like captain obvious? Maybe, but so many people fail to get their estate in order.”

Younger people especially forget to plan their estate. It’s common for young people to put off thinking about death, but estate planning is essential. Unfortunately, accidents and the like can happen any time.

“A lot of millennials have put off estate planning,” Jude Offiah says. “Fortunately, things are starting to change and as millennials age, they’re starting to plan their estates. And now we have the next generation, zoomers, joining the workforce. They should look into estate planning sooner rather than later.”

Once you write your will, you need to make sure you revisit it regularly. This is especially true if your life changes. Jude Offiah notes that many people forget to update their will, which can lead to problems.

“I recommend revising your will frequently,” Jude Offiah says. “Things can change. You may acquire new property or accounts. A beneficiary may pass away. Or a couple may divorce. Or you may simply have a change of heart.”

By staying on top of your will, you can ensure that there are fewer issues when it comes to settling your estate. This will save family members and others from problems and help ensure an easy transfer.

It’s also important to engage professional estate planners. A professional can ensure everything is in order and can also provide advice.

“Legal planning is very complex,” Jude Offiah argues, “and you need to make sure everything is done properly. If not, it could lead to confusion after a person passes.”

Jude Offiah Notes How Estate Planning Has Changed

A few hundred years ago, estate planning was a bit more straight forward. You had property and cash and not much else. However, these days, many people have extensive digital assets. Jude Offiah reminds people to not forget about their digital assets during estate planning.

“Digital assets, including your social media accounts, online banking services like PayPal, and various things are very common and very important,” Jude Offiah notes. “You need to consider these digital assets while planning your estate.”

Another thing to remember are pets. After a person passes, their pets will need to be cared for. It’s important to ensure that the pet has a good home to go to.

“A lot of my clients don’t really think about their pets until I remind them how important it is to plan for them,” Jude Offiah says. “You want to make sure your pet is well cared for.”

Jude Offiah notes that there are many other things to consider. He suggests working alongside a professional.

Jude Offiah

The Pros and Cons of Today’s College Funding

Again and again, Jude Offiah is asked repeatedly about what are the best strategies for paying for college for clients’ kids or directly from the students themselves. Traditionally, the answer has been a tried-and-true mix of taking advantage of financial aid first, then leveraging interest-subsidized student loans as they are far cheaper than regular financing, and finally, personal savings or working during school as the finally funds provider. However, 2020 threw a curveball in everyone’s plans, and Jude Offiah has seen a lot of change in the landscape as a result.

Confirm Up Front What School Really Is

Due to COVID-19 restrictions and social distancing, many schools from the junior college all the way to big Ivy League schools are avoiding in-person classes altogether and focusing on distance learning as a safer path. Well, if one is paying a big bundle of money for the college experience, but it only amounts to looking at a computer, Jude Offiah notes folks really have to ask what they are getting for their money right now. The better option may be to stall a semester and knock-out the basic GE classes at a junior college instead, which are also online. The difference in cost savings from what Jude Offiah sees regularly can be enormous, $800 for a semester versus $7,000 (a rough comparison of a California junior college cost with fees versus Arizona State University). Jude Offiah notes the savings get even bigger when compared to a typical private university. The key factor here, per Offiah, is that most schools accept transfers of viable credits for basic college requirements. So things like Language I, Calculus, History, and English can all be knocked out for pennies during 2020 and while COVID distance learning lingers.

Skip Boarding, Rent Instead

Living on campus is a great experience but when everyone has to keep away from each other, what’s the point? You can still attend college, get the classes needed, and pay far less renting an apartment and paying for your own groceries, according to Jude Offiah. The cost difference is tremendous and, remember, there’s no commute or fuel cost because schools are using distance learning. So you have access to the school library resources and labs, notes Jude Offiah, but you’re not paying through the nose for the boarding and cafeteria food.

College is worth the investment, but there’s no need to lose one’s bank account over it.

Skip the Book Cost

Jude Offiah notes one of the biggest wastes of money in college is the cost of books, especially when bought through the bookstore. Absolutely get all class books online used, as rentals or shared. The cost savings being aggressive in book purchasing can be a 90 percent difference from over-the-counter prices. And the typical college student otherwise spends $600 a semester at least, per what Jude Offiah usually sees statistically.

Grants are Still Free Money

Absolutely take advantage of grants and scholarships. Jude Offiah suggests just make it a habit to fill out two or three grants a week. You’ll be surprised what can happen, and $500 or $1,000 for school can go a long way in offsetting bills and costs.

Jude Offiah Explains The Critical Need For Disability Insurance For Income Protection

Jude shares how Financial services can be achieved through Disability Income protection Insurance Plan.

Jude Offiah, recommends Disability Income protection to his clients Financial Security. In case of Accident or illness that prevent him or her from going to work. Most financial services plans include a full range of savings, investments, and insurances. Life insurance provides financial security for family members and dependents after someone passes away. It’s much more common for a person to be injured in some way that prevents them from working and earning the same income as prior to their injury. Jude Offiah recommends disability provides for his client’s financial security and income protection in case they are injured and unable to work.

Jude Offiah explains to clients that disability insurance is critical for every financial security plan because it’s very common for adults to get injured or become unable to perform their jobs. The potential for lost income is a high financial risk, so Jude Offiah offers plans and services to mitigate this risk.

Short term disability insurance plans and long term disability insurance plans offer income protection and financial security. Jude Offiah customizes the right combination of both types of insurance for his clients. Short term disability insurance applies to instances when a person can’t work for less than 3-6 months. Long term disability insurance takes effect for periods longer than 6 months.

Most individuals don’t have enough savings to cover the potential loss of income from an accident or illness in the long term. Jude Offiah shares multiple options for disability insurance at all price points. The low monthly cost of disability insurance is well worth the investment your financial security through income protection.

Disability insurance plans vary in cost depending on a few factors. Jude Offiah shared how plans cost more depending on your income and different health factors. In general, disability insurance plans will pay out the same amount of money as your salary so you can maintain the same standard of living even if you are injured or become ill and can’t maintain your current job.

Jude Offiah is an experienced financial services advisor that started his career in the field in 1991. He believes in providing a high level of service to his clients to help people reach their financial goals. His clients achieve financial security through a customized strategy utilizing specific products and services. Jude Offiah graduated from Central State University with a BS in Finance and an associates degree in accounting while studying in the U.S.S.R at the Minsk School of Finance and Economics. He’s earned many financial certifications to stay current in his field and shares his expertise through writing and speaking for financial organizations.

Jude Offiah Helping Clients with Individual Retirement Planning

Balancing Investment Portfolios for Comfortable Retirements

Jude Offiah is advising clients on how to optimize their retirement leveraging deferred tax retirement accounts, social security planning and insurance among other financial tools. His experience and insight are changing the complexion of individuals’ retirements.

Traditional IRAs, Roth IRAs and 401Ks are excellent tools for saving for retirement. Given that many companies no longer offer pensions, using one of these savings accounts is critical for a comfortable retirement. Jude Offiah educates clients on investment vehicles and explains investment options such as life insurance, mutual funds and fixed or variable annuities, so clients can reach their individual or business goals.

Jude Offiah also explains social security benefits and the planning that plays an integral role for individuals during retirement. The amount retirees receive is contingent on factors such as age, income during one’s working years, and when retirees decide to start taking distributions. Jude Offiah works with clients to identify the optimal time to start taking distributions.

According to Jude Offiah, “I take a lot of pride in helping people reach their goals,” he says. “I feel my financial background is a great help to my clients.” Having an experienced guide during retirement planning can add peace-of-mind and the potential for better results. Having enough for retirement is an art that requires an understanding of the financial markets and the tools available to achieve goals. Jude Offiah helps clients understand the markets and select the right tools.

Jude Offiah advises individuals on insurance products that will help them during retirement. This includes umbrella insurance, long-term care insurance, term life insurance and permanent life insurance. Insulating one’s financial assets with insurance can make life easier, mitigate risk and provide peace-of-mind to individuals during their golden years.

Also important during retirement is the management, reduction or elimination of debt. This is important, because debt payments can reduce the quality of life for retirees and take away from trips and recreation. Jude Offiah offers advise on how to manage debt and reduce it to help optimize retirement plans.

Jude Offiah entered the financial services industry in 1991 after receiving his bachelor’s degree in finance from Central State University. Throughout the years, he’s obtained numerous financial certifications and has published articles on finance and investments. He works diligently to help clients achieve their objectives and make retirement as fun and comfortable as possible.