Keep Your Money For Life

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Pay Yourself First with IRS approved pre-tax plans such as a 403b, 457, 401k, TSP, Deferred Compensation, IRA or Roth IRA. These saving opportunities have been available and you should take advantage.

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Keep Your Money For Life

  1. 1. PUT AND KEEP YOUR MONEY FROM GOVERNMENT TAXES Keep Your Money for Life
  2. 2. Steps to Saving for Retirement <ul><ul><li>Pay Yourself First with IRS approved pre-tax plans such as a 403b, 457, 401k, TSP, Deferred Compensation, IRA or Roth IRA. These saving opportunities have been available and you should take advantage. </li></ul></ul><ul><ul><li>Make It Automatic through payroll deductions, allotments, direct-deposits other methods that do not require a conscience effort. </li></ul></ul>
  3. 3. Steps to Saving for Retirement 3. Lose Excess Spending by avoiding the “Latte factor” making minor purchases daily that can add up to a lot of money. 4. Account For Your Money using systems such as, www.mint.com a free personal finance software to assist you to manage your money, financial planning, and budget planning tools.
  4. 4. Steps to Saving for Retirement <ul><li>5. Improve Your Financial Outlook regardless of your income level: </li></ul><ul><ul><li>Complete a Financial Needs Analysis </li></ul></ul><ul><ul><li>Set financial goals </li></ul></ul><ul><ul><li>Measure your savings progress </li></ul></ul><ul><ul><li>Insure your assets </li></ul></ul><ul><ul><li>Keep on track, motivated and informed </li></ul></ul><ul><ul><li>Live Debt Free </li></ul></ul>
  5. 5. 2010 The Year of Saving <ul><ul><li>Topics for discussion at www.policyfinancial.com : </li></ul></ul><ul><ul><ul><li>How to create savings </li></ul></ul></ul><ul><ul><ul><li>Savings Boot Camp </li></ul></ul></ul><ul><ul><ul><li>Clear you debt to save </li></ul></ul></ul><ul><ul><ul><li>Save at work </li></ul></ul></ul><ul><ul><ul><li>Save with Annuities </li></ul></ul></ul><ul><ul><ul><li>Save through Life Insurance </li></ul></ul></ul><ul><ul><ul><li>When you can’t save… </li></ul></ul></ul><ul><ul><ul><li>Value added savings </li></ul></ul></ul><ul><ul><ul><li>Teaching Children to save </li></ul></ul></ul><ul><ul><ul><li>Save for College Education </li></ul></ul></ul><ul><ul><ul><li>Its’ not how much you earn, its’ how much you save </li></ul></ul></ul>
  6. 6. Protect your family’s wealth <ul><ul><li>Transfer money from government accounts that tax all the time. </li></ul></ul><ul><ul><li>To accounts that never taxes your money at any time. </li></ul></ul><ul><ul><li>Rollover your money from government plans to your own plan (Roth IRA) </li></ul></ul>
  7. 7. Uncle Sam’s Gift
  8. 8. CONTRIBUTION LIMITS Roth IRA Year AGE 49 & BELOW AGE 50 & ABOVE 2009 $5,000 $6,000 2010 $5,000 $6,000
  9. 9. The Cost of Waiting 25 Begin Saving at Age 26 30 40 $479,240 $449,192 $345,072 $169,895 $30,048 $134,168 $309,345 Save $250/mo until age 65 at 6%
  10. 10. Policy Financial Group <ul><ul><li>POLICY FINANCIAL AGENCY SEEKS OUT THOSE COMPANIES WHICH TAKES ITS PROMISES SERIOUSLY </li></ul></ul><ul><ul><li>CONFIDENT THAT THE FINANCIAL FOUNDATION OF THE COMPANIES WE REPRESENT ARE STRONG AND ABLE TO MEET THEIR OBLIGATIONS </li></ul></ul><ul><ul><li>THE CRITERION FOR SELECTION IS: </li></ul></ul><ul><ul><ul><li>A Disciplined Investment Strategy (Portfolios are invested in bonds with high-quality credit ratings, NAIC bond quality classifications) </li></ul></ul></ul><ul><ul><ul><li>Strong Financial Position ( A.M. Best Ratings B++ or better) </li></ul></ul></ul><ul><ul><ul><li>Companies You Can Depend On (in business for 100 years or more) </li></ul></ul></ul>

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