GLP Workshop

1. GLP FINANCIAL GROUP
WORKSHOP
2021 / 2022

2. GLP FINANCIAL GROUP
Working with School District Employees
For Over 50 Years
 Understanding your retirement options
 Protecting your assets
 Achieving financial independence

3. THE RETIREMENT PROBLEM
$0
$10,000
$20,000
$30,000
$40,000
$50,000
$60,000
$70,000
$80,000
WORKING RETIRED
(Defined Benefit Plan)

4. How Do We Achieve…
FINANCIAL INDEPENDENCE?
The Retirement Components
PENSION
SOCIAL SECURITY
45%
16%
39%
Answer: Make as much money retired as working.

5. HOW DO WE SOLVE THE PROBLEM?
Keep Working?
Never Retire?
Change Your Lifestyle?
Death?

6. TWO WAYS TO SAVE MONEY
TRADITIONAL SAVINGS
Bank / Credit Union
DEPOSIT = $100
QUALIFIED SAVINGS
403b/457/401k
CREDIT = $100
DEPOSIT = $100
CREDIT = $150
* Assuming 33% Taxes

7. WHAT HAS THE GREATEST IMPACT
ON THE RETIREMENT SAVINGS?
Level of Contribution
i.e. $100 vs $300/pay
OR
Rate of Return
i.e. 5% vs 6%
$0
$50,000
$100,000
$150,000
$200,000
$250,000
$300,000
$350,000
CONTRIBUTION RATE OF RETURN
30 Year Projection

8. GLP FINANCIAL GROUP
I. Your Individual Pension Calculations
II. Find Your Proper Contribution Level
III. Implementation of Plan
IV. Annual Monitoring and Adjustments
STEPS TO SUCCESSFUL RETIREMENT