Market Watch

May 23, 2012 @ 02:00 AM

Dow Jones Industrials 12,502.81- 1.67
Nasdaq Composite 2,839.08- 8.13
S&P 500 1,316.63+ 0.64
10 Year Treasury Note 1.79+ 0.06
OSX Oil Service Sector Index 206.96- 1.18

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Your online source for financial and retirement strategies

 

  

www.MikeTormey.com

 

Welcome to MikeTormey.com,  I hope you will find this to be your go-to page for strategies to address your financial and retirement goals! Please feel free to browse at your leisure, there are many calculators, newsletter articles, and research reports regarding insurance, investing, retirement, estate planning, wealth preservation. There are lifestyle sections and you can track your securities in our confidential market watch section.  Please consider bookmarking this page as "Favorites", we update our site frequently.

A little bit about myself...grew up in Rutherford, NJ...graduated from St. Mary HS and Fairleigh Dickinson University...I currently reside in Colts Neck, NJ with my wife, Sandra, our daughter, Shannon.  I am currently Membership Chairman of the Colts Neck Business Association, founder and president of the Colts Neck Exchange(a local business referral group), and the Colts Neck Board of Health.  I served on the Colts Neck Sports Foundation Board of Directors and as Commissioner of Basketball for 5 years.

I would love to meet with you and discuss your situation.  I deal with each person,family and business on an individual basis.  We all have goals and needs, but we differ in what is important and how we want to reach those goals... Please contact me for an appointment, you can click on " Appointment Sign-up" or "Contact us" and complete the form. You can also reach me by phone at 732-292-3367.

Michael Tormey

Financial Consultant, AXA Advisors, LLC

Newsletters

There’s Still Time to Catch Up

Worker confidence in affording a comfortable retirement fell to a record low in 2011, but investors aged 50 and older may be able to make up for lost time by maximizing contributions to retirement plans and taking advantage of catch-up contribution limits. The accompanying chart shows the potential difference in accumulation by taking advantage of catch-up contributions.

Balancing Stability and Growth

An investor who is 2 or 3 decades from retirement could decide to be more aggressive in pursuing investment growth than someone approaching retirement. Even though investors address this by transitioning to a more conservative asset allocation, they still need to seek growth while balancing the desire for principal preservation. This article offers some factors to consider.

Retirement Plans for Small Businesses

With standard 401(k) plans, the amount a company's owners can contribute to their own retirement account is often restricted by how much other employees contribute to the plan. With the safe harbor option, owners may be able to make larger contributions for themselves in exchange for making tax-deductible contributions or "matches" for employees.

HOT TOPIC: Could High Oil and Gas Prices Derail the Recovery?

Gas prices began the year higher than normal and increased sharply. The forecast is for prices to rise to record highs by summer. But it’s not just drivers who are feeling pain at the pump. This article will explain some possible reasons why gas prices have been rising and discuss the potential implications for consumers, businesses, and the broader U.S. economy.

More Newsletters →

Calculators

Life Insurance

How much life insurance would you need to produce a sufficient income stream for your family?

College Funding

Use this calculator to estimate the cost of your child’s education, based on the variables you input.

Cost of Retirement

Use this calculator to estimate how much income and savings you may need in retirement.

Long-Term Care Self Insurance

Will you be able to afford nursing home care?

More Calculators →

Contact Info

Phone: 732-292-3367

michael.tormey @axa-advisors.com

Local Office | Branch Office


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