Squeeze Every Drop  © Retirement Financial & Lifestyle Planning -  Co-ordination of Benefits (COB)  - MILESTONES & LIFESTY...
Presenter Me: 1961 Me: 2010
<ul><li>“ Cessation of work is not accompanied by cessation of expenses.” </li></ul><ul><li>- Cato </li></ul>
Objective <ul><li>To know your sources of income as a result of retirement </li></ul>
Workout <ul><li>Q&A  </li></ul>
Learning Point <ul><li>You will know where to find  your income  and how to  coordinate your benefits (COB)  for a financi...
Squeeze Every Drop  © Let’s start to
Q1 <ul><li>What’s your definition of retirement? </li></ul><ul><li>Retirement is that date when you are unable to be gainf...
Q2 <ul><li>What are the life events which trigger a retirement benefit? </li></ul><ul><li>There are 3 life events which tr...
Q3 <ul><li>Name 8 sources of Retirement Income </li></ul><ul><li>State benefits : NIS and NHT </li></ul><ul><li>2.   Appro...
Q3  cont’d <ul><li>3.  Spouse’s income ,  where applicable   </li></ul><ul><li>4.  Personal savings & investments : includ...
Q3  cont’d <ul><li>6.  Reverse Mortgage </li></ul><ul><li>7.  Support from child/ren ,  if applicable </li></ul><ul><li>8....
<ul><li>“ Cessation of work is not accompanied by cessation of expenses.” </li></ul><ul><li>- Cato </li></ul>
<ul><li>Summary </li></ul>Squeeze Every Drop  ©
Summary <ul><li>The  first 4 steps  to a financially secure retirement income and lifestyle are to know:  </li></ul><ul><l...
 
Thank You for your Kind attention Squeeze Every Drop  © MILESTONES & LIFESTYLE PLANNING SERVICES   www.milestoneslifestyle...
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Milestones squeeze every drop retirement planning presentation at fsc seminar 16sept2010

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A synopsis of how to coordinate your State and Approved Retirement Savings benefits in Jamaica.

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Milestones squeeze every drop retirement planning presentation at fsc seminar 16sept2010

  1. 1. Squeeze Every Drop © Retirement Financial & Lifestyle Planning - Co-ordination of Benefits (COB) - MILESTONES & LIFESTYLE PLANNING SERVICES www.milestoneslifestyle.com
  2. 2. Presenter Me: 1961 Me: 2010
  3. 3. <ul><li>“ Cessation of work is not accompanied by cessation of expenses.” </li></ul><ul><li>- Cato </li></ul>
  4. 4. Objective <ul><li>To know your sources of income as a result of retirement </li></ul>
  5. 5. Workout <ul><li>Q&A </li></ul>
  6. 6. Learning Point <ul><li>You will know where to find your income and how to coordinate your benefits (COB) for a financially secure retirement lifestyle </li></ul>
  7. 7. Squeeze Every Drop © Let’s start to
  8. 8. Q1 <ul><li>What’s your definition of retirement? </li></ul><ul><li>Retirement is that date when you are unable to be gainfully employed and YOU &/or YOUR heirs need a lifetime guaranteed income as a result of the following life events: </li></ul><ul><li>- Disability, </li></ul><ul><li>- Old age and </li></ul><ul><li>- Death </li></ul>
  9. 9. Q2 <ul><li>What are the life events which trigger a retirement benefit? </li></ul><ul><li>There are 3 life events which trigger a retirement benefit: </li></ul><ul><ul><li>Disability, </li></ul></ul><ul><ul><li>Old age and </li></ul></ul><ul><ul><li>Death </li></ul></ul>
  10. 10. Q3 <ul><li>Name 8 sources of Retirement Income </li></ul><ul><li>State benefits : NIS and NHT </li></ul><ul><li>2. Approved Retirement Savings : - Superannuation Funds, - Retirement Schemes and - Retirement Benefits Schemes (no longer offered) </li></ul>
  11. 11. Q3 cont’d <ul><li>3. Spouse’s income , where applicable </li></ul><ul><li>4. Personal savings & investments : includes life insurance, real estate, redundancy payments, bank and credit union savings, royalties, CDs, T’Bills, stocks and bonds, etc </li></ul><ul><li>5. Inheritance </li></ul>
  12. 12. Q3 cont’d <ul><li>6. Reverse Mortgage </li></ul><ul><li>7. Support from child/ren , if applicable </li></ul><ul><li>8. Employment </li></ul>
  13. 13. <ul><li>“ Cessation of work is not accompanied by cessation of expenses.” </li></ul><ul><li>- Cato </li></ul>
  14. 14. <ul><li>Summary </li></ul>Squeeze Every Drop ©
  15. 15. Summary <ul><li>The first 4 steps to a financially secure retirement income and lifestyle are to know: </li></ul><ul><li>your 8 sources of income </li></ul><ul><li>how to care for them, </li></ul><ul><li>how to COB them and </li></ul><ul><li>how to Squeeze Every Drop © (make a claim) as a result of: </li></ul><ul><li>Disability, Old age and Death </li></ul>Squeeze Every Drop ©
  16. 17. Thank You for your Kind attention Squeeze Every Drop © MILESTONES & LIFESTYLE PLANNING SERVICES www.milestoneslifestyle.com (876) 897-2335; 886-7318; 383-7452

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