CAI-NJ Nov. 2018 (w)

PRESIDENT’S CORNER LISA VITIELLO, CPA CAI-NJ 2018 PRESIDENT | TOWNE & COUNTRY MANAGEMENT, INC.

P lanning Ahead – It’s an important task for any organi- zation or person to reach their goals. In this issue our authors address both community planning and offer a perspective on eldercare planning. For our members, at large, planning means different things for different age groups. The 20 somethings want to secure a high paying job but want work/life balance. They desire generous paid time off and working remotely from home, at least one day per week. The 30 somethings want to buy a home (aka condo/ co-op/townhome). Generally, they do not want to mow the lawn, clean gutters or worry about roof leaks. Exotic vacations are high on their list of planning; Iceland any- one? Retirement planning is low on their list as they per- ceive, there is still lots of time. Then come the children. Mini vans are out, a large SUV is the order of the day. Exotic Vacations, not so much. Child care and local vacations in Ocean City and the “big” one, planning for Disney World. The 40 somethings want more stability…. good schools, low taxes, their kids

need to be well educated and college is creeping up, so college planning begins. 50 somethings looking at kids graduating college, mov- ing out or NOT, but downsizing their large home is defi- nitely on their planning list. Saving for retirement becomes crucial and hoping the kids can make it on their own. Recently, driving past a cemetery, this soon to turn 60 something thought…. the cemetery is really the very first

“For our members, at large, planning means different things for different age groups.”

condo…buy a parcel of land, everyone gets a plot, the lawn is mowed and not too many restrictions!!! My plan for 60 and beyond is to go back to the 20 & 30 somethings philosophy, work/life balance and Exotic Vacations. The French Riviera, here I come!!! n

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