Do You Understand the Cost of Waiting? This presentation is a basic example of what the majority of Americans do when it comes to planning. Be the exception to the rule!
The document discusses the challenges many people in North America will face in the future regarding retirement. These challenges include an uncertain job market due to automation, low savings and high debt, high education costs, and pressure on government retirement programs from budget deficits. It argues that taking control of personal finances by saving money, managing debt, and properly protecting oneself can help build a strong financial foundation to better handle these challenges. It promotes World Financial Group as providing education and assistance to help people take control of their finances.
The document discusses different retirement savings options such as 401(k)s, IRAs, and pensions. It provides details on contribution limits, tax advantages, and investment growth over time for each option. The main message is that starting to save for retirement early, even in small amounts each week, can significantly increase the total savings one accumulates by retirement age.
Viewpoint Newsletter for November and December 2010Steve Stanganelli
Investing for retirement requires planning income sources to replace wages after stopping work. Social Security, pensions, savings and continued work provide retirement income. Managing expenses and income sources carefully allows enjoying retirement as "the Next Act" without running out of money. Divorced spouses may receive Social Security benefits based on an ex-spouse's earnings after a 10-year marriage. Starting benefits at 62 requires being divorced for 2+ years even if not yet retired. Saving gifts for children in a 529, UGMA, EE bonds or dividend reinvestment plan allows money to grow for education or a nest egg.
This document provides an introduction to superannuation. It discusses what superannuation is, why we need compulsory super, and the benefits of saving through super such as tax advantages. It emphasizes that starting contributions early and maximizing returns can make a big difference to the total amount saved by retirement. The document recommends seeking professional financial advice to understand options and strategies for one's personal situation.
The document is a quarterly newsletter for Homestead Funds shareholders. It discusses Homestead Funds celebrating 20 years of investing for shareholders, preparing for retirement by estimating expenses, longevity, and income sources, and provides a spotlight on the bond funds managed by Homestead Funds.
The document discusses challenges facing baby boomers as they approach retirement including longer lifespans, rising healthcare costs, and strategies for funding retirement. With many boomers planning to work past 65, CPAs should help clients evaluate retirement income needs, investment options like 401(k)s and IRAs, and using a combination of Social Security, savings, and part-time work to fund retirement years that may last two decades or more. CPAs can provide guidance on retirement planning strategies like pensions, annuities, and asset allocation to help clients prepare financially for their longer retirements.
This document provides information about financial coaching to help build a solid financial foundation and become truly rich. It discusses developing good financial habits like paying yourself first, managing debts, increasing your cash flow, and protecting yourself through insurance. It also covers financial literacy topics like inflation, compound interest, and investing for retirement. The overall message is that with the right knowledge and discipline, anyone can take control of their finances and achieve their dreams and goals.
Working just a few more years can significantly reduce the amount baby boomers need saved for retirement. Delaying retirement by 1-4 years results in higher lifetime income from salaries, Social Security benefits, and pensions. It also means savings and investments have more years to accumulate returns. The document estimates a couple needing $510,000 saved if retiring at 62 could need $465,000 if retiring at 63 or as little as $117,700 if retiring at 70. Working longer provides both higher income in retirement and reduces the lump sum needed to generate necessary retirement income.
The document discusses the challenges many people in North America will face in the future regarding retirement. These challenges include an uncertain job market due to automation, low savings and high debt, high education costs, and pressure on government retirement programs from budget deficits. It argues that taking control of personal finances by saving money, managing debt, and properly protecting oneself can help build a strong financial foundation to better handle these challenges. It promotes World Financial Group as providing education and assistance to help people take control of their finances.
The document discusses different retirement savings options such as 401(k)s, IRAs, and pensions. It provides details on contribution limits, tax advantages, and investment growth over time for each option. The main message is that starting to save for retirement early, even in small amounts each week, can significantly increase the total savings one accumulates by retirement age.
Viewpoint Newsletter for November and December 2010Steve Stanganelli
Investing for retirement requires planning income sources to replace wages after stopping work. Social Security, pensions, savings and continued work provide retirement income. Managing expenses and income sources carefully allows enjoying retirement as "the Next Act" without running out of money. Divorced spouses may receive Social Security benefits based on an ex-spouse's earnings after a 10-year marriage. Starting benefits at 62 requires being divorced for 2+ years even if not yet retired. Saving gifts for children in a 529, UGMA, EE bonds or dividend reinvestment plan allows money to grow for education or a nest egg.
This document provides an introduction to superannuation. It discusses what superannuation is, why we need compulsory super, and the benefits of saving through super such as tax advantages. It emphasizes that starting contributions early and maximizing returns can make a big difference to the total amount saved by retirement. The document recommends seeking professional financial advice to understand options and strategies for one's personal situation.
The document is a quarterly newsletter for Homestead Funds shareholders. It discusses Homestead Funds celebrating 20 years of investing for shareholders, preparing for retirement by estimating expenses, longevity, and income sources, and provides a spotlight on the bond funds managed by Homestead Funds.
The document discusses challenges facing baby boomers as they approach retirement including longer lifespans, rising healthcare costs, and strategies for funding retirement. With many boomers planning to work past 65, CPAs should help clients evaluate retirement income needs, investment options like 401(k)s and IRAs, and using a combination of Social Security, savings, and part-time work to fund retirement years that may last two decades or more. CPAs can provide guidance on retirement planning strategies like pensions, annuities, and asset allocation to help clients prepare financially for their longer retirements.
This document provides information about financial coaching to help build a solid financial foundation and become truly rich. It discusses developing good financial habits like paying yourself first, managing debts, increasing your cash flow, and protecting yourself through insurance. It also covers financial literacy topics like inflation, compound interest, and investing for retirement. The overall message is that with the right knowledge and discipline, anyone can take control of their finances and achieve their dreams and goals.
Working just a few more years can significantly reduce the amount baby boomers need saved for retirement. Delaying retirement by 1-4 years results in higher lifetime income from salaries, Social Security benefits, and pensions. It also means savings and investments have more years to accumulate returns. The document estimates a couple needing $510,000 saved if retiring at 62 could need $465,000 if retiring at 63 or as little as $117,700 if retiring at 70. Working longer provides both higher income in retirement and reduces the lump sum needed to generate necessary retirement income.
The document provides 5 questions to ask yourself 5 years before retirement to help envision your retirement lifestyle and needs:
1. Where will you live and how will location impact costs of housing, taxes, proximity to family, and availability of work?
2. What activities will fill your time and how will those impact your budget as some are more expensive than others?
3. How will you want to live in terms of lifestyle - frugally or lavishly?
4. How long do you expect to live and plan finances accordingly rather than just average life expectancy?
5. What unexpected life events like health problems, family issues, economic downturns or disasters might impact your finances? Advanced
This document provides tips and strategies for managing personal finances. It discusses earning money, spending habits, saving, investing, and giving. Some key points include tracking expenses, setting financial goals to save 10-20% of take-home pay and live on 70%, paying yourself first by saving, reducing costs through eliminating unnecessary spending, getting out of debt, and creating a 90-day plan to improve money management skills and turn finances around. The document emphasizes taking action, getting started, and not putting off improving one's financial situation.
This document provides an overview of investing basics and different types of investments. It discusses the importance of saving, paying off debts, and having insurance as the foundation of investing. It also summarizes key concepts like risk tolerance, time horizon, liquidity needs, and how stocks and bonds work as investments. The document emphasizes diversification and having an appropriate strategy for each investor's unique financial goals and situation.
Working just a few more years can significantly reduce the amount baby boomers need saved for retirement. Delaying retirement by 1-4 years allows workers to save more, receive higher social security benefits, pay off debt, and have a shorter retirement to fund. Analysis shows a couple needing $510,000 saved if retiring at 62 could need $465,000 if retiring at 63 or as little as $117,700 if retiring at 70. Working longer provides substantial benefits for funding retirement.
This document discusses financial astrology and divides the world population into three zones based on their financial status: negative, neutral, and positive.
The negative zone consists of people with more expenses than income who rely on debt. The neutral zone has people whose income equals expenses and who live paycheck to paycheck.
The positive zone is made up of wealthy business owners who take on large debts to start and grow businesses, using the profits to repay debts and create assets. They understand debt can be good if used productively to generate income.
The document encourages moving from the negative to positive zone by starting an online business with a unique idea or franchise at low cost through the internet. Financial literacy and entrepreneurship are
This document discusses financial astrology and divides the world population into three zones based on their financial status: negative, neutral, and positive.
The negative zone consists of people with more expenses than income who rely on debt. The neutral zone has people whose income equals expenses and who live paycheck to paycheck.
The positive zone is made up of wealthy business owners who take on large debts to start and grow businesses, using the profits to repay debts and create assets. They understand debt can be good if used productively to generate income.
The document encourages moving from the negative to positive zone by starting an online business with a unique idea or franchise at low cost through the internet. Financial independence is possible with the
This document provides 5 questions to ask yourself 5 years before retirement to help envision your retirement lifestyle and needs:
1. Where will you live? Consider housing costs, proximity to family, employment opportunities, and general location preferences.
2. What will you do? Consider if activities will generate income or expenses, such as travel, hobbies, volunteering, or starting a business.
3. How well will you live? Will your lifestyle be simple and low-cost or more extravagant if funds allow.
4. How long do you expect to live? Plan for longevity to age 95-100 since individual life expectancy is unpredictable.
5. What surprises may occur? Consider
How Money works is a publication of Primerica and is proudly distributed to help consumers find answers to their financial problems. It is not intended as a sales solicitation but as an overview of how to overcome the most common financial challenges facing people today.
This document discusses building a strong financial foundation. It emphasizes that building wealth responsibly through consistent saving and investment is better than get-rich-quick schemes. Some key aspects of a strong financial foundation discussed include paying yourself first by starting to save early, understanding how compound interest can grow your money over time, protecting your family with adequate life insurance, and creating an emergency fund to prepare for unexpected expenses. The overall message is that a patient, consistent approach to managing finances can help achieve financial security and goals.
Brett Cranson held a financial seminar covering various topics to help attendees reduce debt, budget planning, and reach financial goals. The seminar discussed the differences between good and bad debt, how to pay down credit card debt and create a budget. It also covered saving strategies like RRSPs, TFSAs, RESPs and when to consider life and critical illness insurance. The overall seminar provided guidance on developing both short and long-term financial plans.
Maria and her husband have saved well for their daughter's upcoming wedding. However, they realize their savings and interest income alone may not be enough to cover the wedding costs due to inflation. They need their investments to work harder by choosing growth-oriented mutual funds to maximize returns and achieve their financial goal. Regularly reviewing investments and rebalancing the portfolio is important to ensure the investments are on track to meet future goals.
Working just a few more years can significantly reduce the amount baby boomers need saved for retirement. Delaying retirement by 1-4 years results in higher lifetime income, shorter retirement to fund, more time for savings to grow, and increased Social Security benefits. The report estimates that a couple needing $510,000 saved if retiring at 62 would need only $465,000 if retiring at 63, and just $298,000 and $117,700 if retiring at 66 and 70 respectively. Working longer in one's primary career provides greater benefits than lower-paying encore careers after retirement.
This document provides 5 questions to ask yourself 5 years before retirement to help envision your retirement lifestyle and needs:
1. Where will you live? Consider housing costs, proximity to family, employment opportunities, and travel plans.
2. What will you do? Consider if activities will generate income or expenses like hobbies and travel.
3. How well will you live? Will your lifestyle be simple or more extravagant?
4. How long do you expect to live? Plan for longevity to 95-100 years old.
5. What surprises may occur? Consider potential health issues, needs of family, economic conditions, and disasters. Proper planning can help address unexpected events.
Starting to invest early can significantly impact your retirement savings over time due to the power of compounding interest. Waiting even one year to start contributing $200 per month to a retirement plan at an 8% rate of return can result in having $55,808 less at retirement age 65 if starting at age 25 compared to age 26. Similarly, waiting from age 35 to 36 to start contributing the same amount can reduce the retirement balance by over $25,000. The longer you wait to start investing and taking advantage of compounding returns, the more difficult it will be to achieve your retirement goals.
Vicki Wusche and Loran Northey - The Property Sourcers, reveal the shocking truth in this report. Do you realise how little your pension will be by the time you retire? The government cannot sustain this ageing population!
Did you know that you can do something about it?
If you have questions - we can help. Please contact us at Ask@ThePropertySourcers.com or call us. The report contains links to a series of videos that we are releasing on the subject.
We would love to have an informal chat with you to see if we can help
Working just a few more years can significantly reduce the amount baby boomers need saved for retirement. Delaying retirement by 1-4 years provides several benefits: more time to save and earn investment returns, higher Social Security benefits, potentially higher pension benefits, and avoiding individual health insurance costs from ages 55-64. Specifically, the document estimates that a couple earning $58,600 would need a lump sum of $510,800 if retiring at 62 but only $298,400 if retiring at 66. Working longer in one's primary career is usually more financially advantageous than retiring early to take a lower-paying encore career job.
A Workable Solution For Baby Boomers Nearing RetirementForman Bay LLC
Worried about having enough saved for retirement? Here's a simple approach: work just a few years longer. By accumulating more savings and shortening your withdrawal period, you'll reduce the lump sum needed to generate the necessary income at retirement
IMG is an independent marketing company that offers a broad array of financial services and products through affiliated companies. Its mission is to help families achieve their financial goals and revolutionize the financial services industry with a fresh approach. The company aims to empower people by changing them from spenders and savers to entrepreneurs, investors, and deliver a financial wake-up call. IMG offers a total financial solution including financial literacy programs, direct access to financial services companies, and investment and business opportunities to build passive income for retirement.
Moneycation april 2015 newsletter; volume #3, issue #9A.W. Berry
This document provides an overview of financial planning at different stages of life. In one's 20s, investing in education, an automobile, a home, and opening an IRA are recommended. Conservative investing, dividend stocks, and ensuring adequate retirement income are discussed for those in their 50s and 60s. The document also covers determining risk tolerance, different types of risk, and how to assess which level of risk is appropriate for individual goals and circumstances.
Mad About Money is financial management with a difference. It aims to make financial freedom a reality through interactive media and personal and group connect. It is about developing a mindset apart from the general mindset – A mindset which has made the rich rich and left the poor to remain poor.
Investing Your Nest Egg Foolishly Format for pr.pdfankitcom
Investing Your Nest Egg Foolishly Format for printing Reuse/Reprint Managing
Your Retirement Introduction Pension Payment Plans Defined Contribution Plans Taking Stock
Getting Loot to an IRA Investing Your Nest Egg How Much Can You? Getting the Money Early
70 1/2: The Magic Age Designating Beneficiaries There it was, the notice confirming that the
$224,517 from his 401(k) plan and the $210,083 from his company pension had reached his IRA.
$434,600. He suppressed a giggle. He thought about taking the money, converting it into one-
dollar bills, and rolling around in it. This seemed interesting, but not terribly original. He thought
about taking the money, converting it into nickels, dimes, and quarters, and rolling on top of it.
He quickly discarded that idea. \"This,\" thought Vespasian, \"takes a little more thinking. There
must be something better -- and I don\'t know that rolling around, on, under, or through the
money is going to actually make it grow. Not that I\'ve ever really thought about it.\" What
irony! His security blanket in retirement had just become his greatest worry. Vespasian knew all
that cash could provide him the necessary income to enjoy the rest of his life, but it had to last,
too. Short of returning to work, that pot of money was all he had to live on besides Social
Security. Therefore, taking undue investment risks just didn\'t seem appropriate. Vespasian knew
he didn\'t have the same luxury of time to recover from an economic downturn as he did in his
salad years. \"I\'ve gotta do something with this stash besides giggle about it,\" he mused. \"But
where should I invest it so it\'s safe? \"And how much can I take each year without ever running
out?\" Welcome to the wonderful world of retirement, Fool. These are the two eternal questions
posed and faced by all retirees. For time immemorial, the simple answer was to invest retirement
proceeds in utilities, preferred stock, REITs, bonds, and other dividend-producing, interest-
paying securities. You took the interest and dividends as income for the year and let the principal
ride. The emphasis here was on income, not growing the base of the investment. Investing for
growth meant taking more risk, and risk was to be avoided at all costs -- or at least so said the
Wise retirement advisors who held sway in Americans\' psyches. Times have changed (they
always do), and the approach that once seemed so attractive and so sensible no longer holds
sway. Companies no longer promising or even attempting to provide any dividend growth,
deregulation of the utilities, increasingly volatile bond markets, low interest rates, inflation, and
increasing life spans have all reared their ugly heads at one time or another to undermine the
security of a \"low-risk, income-only\" investment strategy for retirees. OK, an increasing life
span isn\'t exactly an \"ugly head\" -- but it poses a few complications as well as providing
additional years to celebrate life\'s many joys. At any rate, man.
13 Investment FundamentalsYOU MUST BE KIDDING, RIGHTTwins T.docxaulasnilda
13 Investment Fundamentals
YOU MUST BE KIDDING, RIGHT?
Twins Tiffany and Taylor Jackson have worked for the same employer for many years. Tiffany started early to save and invest for retirement by putting $5000 away each year for 15 years starting at age 25 and never added any more money to the account. Taylor waited until age 40 to begin saving for retirement and he invested $5000 per year for 25 years until retirement at age 65. Assuming that they both earn a 6 percent annual return, how much more money will Tiffany have accumulated for retirement than Taylor by the time they reach age 65?
A. $ 98,919
B. $174,231
C. $274,323
D. $373,242
The answer is A, $98,919. Tiffany's account balance at age 65 is projected at $373,242 and Taylor's is $274,323. Even though Tiffany saved for only 15 years compared with Taylor's 25 years of saving, Tiffany's long-term investment approach had her starting to save early in her working career for retirement. Thus, she accumulated 36 percent more money than her brother ($373,242 – $274,323 = $98,919/$274,323).Starting early on long-term investment goals is a money-winning idea!
LEARNING OBJECTIVES
After reading this chapter, you should be able to:
Explain how to get started as an investor.
Identify your investment philosophy and invest accordingly.
Describe the major risk factors that affect the rate of return on investments.
Decide which of the four long-term investment strategies you will utilize.
Create your own investment plan.
Use Monte Carlo Advice when investing for retirement.
WHAT DO YOU RECOMMEND?
Shavenellyee and Sarena are sisters, both in their 20s. Shavenellyee drives a leased BMW convertible, and she makes about $42,000, including tips, as a part-time bartender at two different restaurants. Although she has no employee benefits, she enjoys having flexible work hours so that she can go to the beach and the local nightspots. Currently, Shavenellyee has $10,000 in credit card debt. She has $1500 in a bank savings account, and two years ago she opened an individual retirement account (IRA) with a $1000 investment in a mutual fund. Her sister Sarena drives a paid-for Honda CR-V, pays her credit card purchases in full each month, and sacrifices some of her salary by putting $100 per month into her employer's company stock through her 401(k) retirement account. Over the past seven years, the stock price, which was once about $40, has risen to almost $70, and Sarena's 401(k) plan is now worth about $16,000. Sarena also has invested about $14,000 in a Roth IRA mutual fund account that is currently invested in an aggressive growth mutual fund, and she plans to use that money for a down payment on a home purchase. She earns $58,000 as a manager of a restaurant, plus she receives an annual bonus ranging from $2000 to $4000 every January that she uses for a spring vacation in Mexico. Sarena's employer provides many employee benefits.
What do you recommend to Shavenellyee and Sarena on the subject of ...
The document provides 5 questions to ask yourself 5 years before retirement to help envision your retirement lifestyle and needs:
1. Where will you live and how will location impact costs of housing, taxes, proximity to family, and availability of work?
2. What activities will fill your time and how will those impact your budget as some are more expensive than others?
3. How will you want to live in terms of lifestyle - frugally or lavishly?
4. How long do you expect to live and plan finances accordingly rather than just average life expectancy?
5. What unexpected life events like health problems, family issues, economic downturns or disasters might impact your finances? Advanced
This document provides tips and strategies for managing personal finances. It discusses earning money, spending habits, saving, investing, and giving. Some key points include tracking expenses, setting financial goals to save 10-20% of take-home pay and live on 70%, paying yourself first by saving, reducing costs through eliminating unnecessary spending, getting out of debt, and creating a 90-day plan to improve money management skills and turn finances around. The document emphasizes taking action, getting started, and not putting off improving one's financial situation.
This document provides an overview of investing basics and different types of investments. It discusses the importance of saving, paying off debts, and having insurance as the foundation of investing. It also summarizes key concepts like risk tolerance, time horizon, liquidity needs, and how stocks and bonds work as investments. The document emphasizes diversification and having an appropriate strategy for each investor's unique financial goals and situation.
Working just a few more years can significantly reduce the amount baby boomers need saved for retirement. Delaying retirement by 1-4 years allows workers to save more, receive higher social security benefits, pay off debt, and have a shorter retirement to fund. Analysis shows a couple needing $510,000 saved if retiring at 62 could need $465,000 if retiring at 63 or as little as $117,700 if retiring at 70. Working longer provides substantial benefits for funding retirement.
This document discusses financial astrology and divides the world population into three zones based on their financial status: negative, neutral, and positive.
The negative zone consists of people with more expenses than income who rely on debt. The neutral zone has people whose income equals expenses and who live paycheck to paycheck.
The positive zone is made up of wealthy business owners who take on large debts to start and grow businesses, using the profits to repay debts and create assets. They understand debt can be good if used productively to generate income.
The document encourages moving from the negative to positive zone by starting an online business with a unique idea or franchise at low cost through the internet. Financial literacy and entrepreneurship are
This document discusses financial astrology and divides the world population into three zones based on their financial status: negative, neutral, and positive.
The negative zone consists of people with more expenses than income who rely on debt. The neutral zone has people whose income equals expenses and who live paycheck to paycheck.
The positive zone is made up of wealthy business owners who take on large debts to start and grow businesses, using the profits to repay debts and create assets. They understand debt can be good if used productively to generate income.
The document encourages moving from the negative to positive zone by starting an online business with a unique idea or franchise at low cost through the internet. Financial independence is possible with the
This document provides 5 questions to ask yourself 5 years before retirement to help envision your retirement lifestyle and needs:
1. Where will you live? Consider housing costs, proximity to family, employment opportunities, and general location preferences.
2. What will you do? Consider if activities will generate income or expenses, such as travel, hobbies, volunteering, or starting a business.
3. How well will you live? Will your lifestyle be simple and low-cost or more extravagant if funds allow.
4. How long do you expect to live? Plan for longevity to age 95-100 since individual life expectancy is unpredictable.
5. What surprises may occur? Consider
How Money works is a publication of Primerica and is proudly distributed to help consumers find answers to their financial problems. It is not intended as a sales solicitation but as an overview of how to overcome the most common financial challenges facing people today.
This document discusses building a strong financial foundation. It emphasizes that building wealth responsibly through consistent saving and investment is better than get-rich-quick schemes. Some key aspects of a strong financial foundation discussed include paying yourself first by starting to save early, understanding how compound interest can grow your money over time, protecting your family with adequate life insurance, and creating an emergency fund to prepare for unexpected expenses. The overall message is that a patient, consistent approach to managing finances can help achieve financial security and goals.
Brett Cranson held a financial seminar covering various topics to help attendees reduce debt, budget planning, and reach financial goals. The seminar discussed the differences between good and bad debt, how to pay down credit card debt and create a budget. It also covered saving strategies like RRSPs, TFSAs, RESPs and when to consider life and critical illness insurance. The overall seminar provided guidance on developing both short and long-term financial plans.
Maria and her husband have saved well for their daughter's upcoming wedding. However, they realize their savings and interest income alone may not be enough to cover the wedding costs due to inflation. They need their investments to work harder by choosing growth-oriented mutual funds to maximize returns and achieve their financial goal. Regularly reviewing investments and rebalancing the portfolio is important to ensure the investments are on track to meet future goals.
Working just a few more years can significantly reduce the amount baby boomers need saved for retirement. Delaying retirement by 1-4 years results in higher lifetime income, shorter retirement to fund, more time for savings to grow, and increased Social Security benefits. The report estimates that a couple needing $510,000 saved if retiring at 62 would need only $465,000 if retiring at 63, and just $298,000 and $117,700 if retiring at 66 and 70 respectively. Working longer in one's primary career provides greater benefits than lower-paying encore careers after retirement.
This document provides 5 questions to ask yourself 5 years before retirement to help envision your retirement lifestyle and needs:
1. Where will you live? Consider housing costs, proximity to family, employment opportunities, and travel plans.
2. What will you do? Consider if activities will generate income or expenses like hobbies and travel.
3. How well will you live? Will your lifestyle be simple or more extravagant?
4. How long do you expect to live? Plan for longevity to 95-100 years old.
5. What surprises may occur? Consider potential health issues, needs of family, economic conditions, and disasters. Proper planning can help address unexpected events.
Starting to invest early can significantly impact your retirement savings over time due to the power of compounding interest. Waiting even one year to start contributing $200 per month to a retirement plan at an 8% rate of return can result in having $55,808 less at retirement age 65 if starting at age 25 compared to age 26. Similarly, waiting from age 35 to 36 to start contributing the same amount can reduce the retirement balance by over $25,000. The longer you wait to start investing and taking advantage of compounding returns, the more difficult it will be to achieve your retirement goals.
Vicki Wusche and Loran Northey - The Property Sourcers, reveal the shocking truth in this report. Do you realise how little your pension will be by the time you retire? The government cannot sustain this ageing population!
Did you know that you can do something about it?
If you have questions - we can help. Please contact us at Ask@ThePropertySourcers.com or call us. The report contains links to a series of videos that we are releasing on the subject.
We would love to have an informal chat with you to see if we can help
Working just a few more years can significantly reduce the amount baby boomers need saved for retirement. Delaying retirement by 1-4 years provides several benefits: more time to save and earn investment returns, higher Social Security benefits, potentially higher pension benefits, and avoiding individual health insurance costs from ages 55-64. Specifically, the document estimates that a couple earning $58,600 would need a lump sum of $510,800 if retiring at 62 but only $298,400 if retiring at 66. Working longer in one's primary career is usually more financially advantageous than retiring early to take a lower-paying encore career job.
A Workable Solution For Baby Boomers Nearing RetirementForman Bay LLC
Worried about having enough saved for retirement? Here's a simple approach: work just a few years longer. By accumulating more savings and shortening your withdrawal period, you'll reduce the lump sum needed to generate the necessary income at retirement
IMG is an independent marketing company that offers a broad array of financial services and products through affiliated companies. Its mission is to help families achieve their financial goals and revolutionize the financial services industry with a fresh approach. The company aims to empower people by changing them from spenders and savers to entrepreneurs, investors, and deliver a financial wake-up call. IMG offers a total financial solution including financial literacy programs, direct access to financial services companies, and investment and business opportunities to build passive income for retirement.
Moneycation april 2015 newsletter; volume #3, issue #9A.W. Berry
This document provides an overview of financial planning at different stages of life. In one's 20s, investing in education, an automobile, a home, and opening an IRA are recommended. Conservative investing, dividend stocks, and ensuring adequate retirement income are discussed for those in their 50s and 60s. The document also covers determining risk tolerance, different types of risk, and how to assess which level of risk is appropriate for individual goals and circumstances.
Mad About Money is financial management with a difference. It aims to make financial freedom a reality through interactive media and personal and group connect. It is about developing a mindset apart from the general mindset – A mindset which has made the rich rich and left the poor to remain poor.
Investing Your Nest Egg Foolishly Format for pr.pdfankitcom
Investing Your Nest Egg Foolishly Format for printing Reuse/Reprint Managing
Your Retirement Introduction Pension Payment Plans Defined Contribution Plans Taking Stock
Getting Loot to an IRA Investing Your Nest Egg How Much Can You? Getting the Money Early
70 1/2: The Magic Age Designating Beneficiaries There it was, the notice confirming that the
$224,517 from his 401(k) plan and the $210,083 from his company pension had reached his IRA.
$434,600. He suppressed a giggle. He thought about taking the money, converting it into one-
dollar bills, and rolling around in it. This seemed interesting, but not terribly original. He thought
about taking the money, converting it into nickels, dimes, and quarters, and rolling on top of it.
He quickly discarded that idea. \"This,\" thought Vespasian, \"takes a little more thinking. There
must be something better -- and I don\'t know that rolling around, on, under, or through the
money is going to actually make it grow. Not that I\'ve ever really thought about it.\" What
irony! His security blanket in retirement had just become his greatest worry. Vespasian knew all
that cash could provide him the necessary income to enjoy the rest of his life, but it had to last,
too. Short of returning to work, that pot of money was all he had to live on besides Social
Security. Therefore, taking undue investment risks just didn\'t seem appropriate. Vespasian knew
he didn\'t have the same luxury of time to recover from an economic downturn as he did in his
salad years. \"I\'ve gotta do something with this stash besides giggle about it,\" he mused. \"But
where should I invest it so it\'s safe? \"And how much can I take each year without ever running
out?\" Welcome to the wonderful world of retirement, Fool. These are the two eternal questions
posed and faced by all retirees. For time immemorial, the simple answer was to invest retirement
proceeds in utilities, preferred stock, REITs, bonds, and other dividend-producing, interest-
paying securities. You took the interest and dividends as income for the year and let the principal
ride. The emphasis here was on income, not growing the base of the investment. Investing for
growth meant taking more risk, and risk was to be avoided at all costs -- or at least so said the
Wise retirement advisors who held sway in Americans\' psyches. Times have changed (they
always do), and the approach that once seemed so attractive and so sensible no longer holds
sway. Companies no longer promising or even attempting to provide any dividend growth,
deregulation of the utilities, increasingly volatile bond markets, low interest rates, inflation, and
increasing life spans have all reared their ugly heads at one time or another to undermine the
security of a \"low-risk, income-only\" investment strategy for retirees. OK, an increasing life
span isn\'t exactly an \"ugly head\" -- but it poses a few complications as well as providing
additional years to celebrate life\'s many joys. At any rate, man.
13 Investment FundamentalsYOU MUST BE KIDDING, RIGHTTwins T.docxaulasnilda
13 Investment Fundamentals
YOU MUST BE KIDDING, RIGHT?
Twins Tiffany and Taylor Jackson have worked for the same employer for many years. Tiffany started early to save and invest for retirement by putting $5000 away each year for 15 years starting at age 25 and never added any more money to the account. Taylor waited until age 40 to begin saving for retirement and he invested $5000 per year for 25 years until retirement at age 65. Assuming that they both earn a 6 percent annual return, how much more money will Tiffany have accumulated for retirement than Taylor by the time they reach age 65?
A. $ 98,919
B. $174,231
C. $274,323
D. $373,242
The answer is A, $98,919. Tiffany's account balance at age 65 is projected at $373,242 and Taylor's is $274,323. Even though Tiffany saved for only 15 years compared with Taylor's 25 years of saving, Tiffany's long-term investment approach had her starting to save early in her working career for retirement. Thus, she accumulated 36 percent more money than her brother ($373,242 – $274,323 = $98,919/$274,323).Starting early on long-term investment goals is a money-winning idea!
LEARNING OBJECTIVES
After reading this chapter, you should be able to:
Explain how to get started as an investor.
Identify your investment philosophy and invest accordingly.
Describe the major risk factors that affect the rate of return on investments.
Decide which of the four long-term investment strategies you will utilize.
Create your own investment plan.
Use Monte Carlo Advice when investing for retirement.
WHAT DO YOU RECOMMEND?
Shavenellyee and Sarena are sisters, both in their 20s. Shavenellyee drives a leased BMW convertible, and she makes about $42,000, including tips, as a part-time bartender at two different restaurants. Although she has no employee benefits, she enjoys having flexible work hours so that she can go to the beach and the local nightspots. Currently, Shavenellyee has $10,000 in credit card debt. She has $1500 in a bank savings account, and two years ago she opened an individual retirement account (IRA) with a $1000 investment in a mutual fund. Her sister Sarena drives a paid-for Honda CR-V, pays her credit card purchases in full each month, and sacrifices some of her salary by putting $100 per month into her employer's company stock through her 401(k) retirement account. Over the past seven years, the stock price, which was once about $40, has risen to almost $70, and Sarena's 401(k) plan is now worth about $16,000. Sarena also has invested about $14,000 in a Roth IRA mutual fund account that is currently invested in an aggressive growth mutual fund, and she plans to use that money for a down payment on a home purchase. She earns $58,000 as a manager of a restaurant, plus she receives an annual bonus ranging from $2000 to $4000 every January that she uses for a spring vacation in Mexico. Sarena's employer provides many employee benefits.
What do you recommend to Shavenellyee and Sarena on the subject of ...
13 Investment FundamentalsYOU MUST BE KIDDING, RIGHTTwins Tkendahudson
13 Investment Fundamentals
YOU MUST BE KIDDING, RIGHT?
Twins Tiffany and Taylor Jackson have worked for the same employer for many years. Tiffany started early to save and invest for retirement by putting $5000 away each year for 15 years starting at age 25 and never added any more money to the account. Taylor waited until age 40 to begin saving for retirement and he invested $5000 per year for 25 years until retirement at age 65. Assuming that they both earn a 6 percent annual return, how much more money will Tiffany have accumulated for retirement than Taylor by the time they reach age 65?
A. $ 98,919
B. $174,231
C. $274,323
D. $373,242
The answer is A, $98,919. Tiffany's account balance at age 65 is projected at $373,242 and Taylor's is $274,323. Even though Tiffany saved for only 15 years compared with Taylor's 25 years of saving, Tiffany's long-term investment approach had her starting to save early in her working career for retirement. Thus, she accumulated 36 percent more money than her brother ($373,242 – $274,323 = $98,919/$274,323).Starting early on long-term investment goals is a money-winning idea!
LEARNING OBJECTIVES
After reading this chapter, you should be able to:
Explain how to get started as an investor.
Identify your investment philosophy and invest accordingly.
Describe the major risk factors that affect the rate of return on investments.
Decide which of the four long-term investment strategies you will utilize.
Create your own investment plan.
Use Monte Carlo Advice when investing for retirement.
WHAT DO YOU RECOMMEND?
Shavenellyee and Sarena are sisters, both in their 20s. Shavenellyee drives a leased BMW convertible, and she makes about $42,000, including tips, as a part-time bartender at two different restaurants. Although she has no employee benefits, she enjoys having flexible work hours so that she can go to the beach and the local nightspots. Currently, Shavenellyee has $10,000 in credit card debt. She has $1500 in a bank savings account, and two years ago she opened an individual retirement account (IRA) with a $1000 investment in a mutual fund. Her sister Sarena drives a paid-for Honda CR-V, pays her credit card purchases in full each month, and sacrifices some of her salary by putting $100 per month into her employer's company stock through her 401(k) retirement account. Over the past seven years, the stock price, which was once about $40, has risen to almost $70, and Sarena's 401(k) plan is now worth about $16,000. Sarena also has invested about $14,000 in a Roth IRA mutual fund account that is currently invested in an aggressive growth mutual fund, and she plans to use that money for a down payment on a home purchase. She earns $58,000 as a manager of a restaurant, plus she receives an annual bonus ranging from $2000 to $4000 every January that she uses for a spring vacation in Mexico. Sarena's employer provides many employee benefits.
What do you recommend to Shavenellyee and Sarena on the subject of ...
Success in investing leads to increased wealth and security. Success in investing comes from making sound decisions, paying attention, and taking the time to learn about what t invest in and how to invest. Here are our thoughts about considerations when investing.
https://youtu.be/kZcssfIoQEg
World Financial Group provides financial services and products to help people achieve better financial futures. It uses a hybrid business model that rewards associates for both sales production and leadership in developing other associates. The opportunity allows associates to earn income through their own sales, overrides on other associates' sales, and residuals. World Financial Group focuses on serving middle-income individuals and families and provides training and support to help associates be successful.
A document discusses accumulating funds in a deferred fixed interest and indexed annuity for retirement. It describes how annuities can be used to systematically save money and guarantee retirement income that cannot be outlived. It then provides details on sources of retirement income, obstacles to retirement planning, and how annuities can help overcome those obstacles by allowing tax-deferred growth and converting savings into guaranteed lifetime income.
This document provides information about planning for retirement, including:
- Aiming to save two-thirds of your expected end-of-career income to maintain your lifestyle in retirement.
- Starting to save early takes advantage of compounding returns to grow savings over time.
- As retirement approaches, preserving savings and ensuring investments keep pace with inflation becomes important.
- People should ensure their pension plans are on track to provide sufficient retirement income.
Download our latest magazine inside, you’ll find an
array of articles about how we can help you further
to plan, grow, protect and preserve your wealth. As
we all know, the ultimate goal money can buy is
financial freedom
Maria and her husband have saved well for their daughter's upcoming wedding. However, they realize their savings are not growing fast enough to meet their financial goals. They need to invest more aggressively to achieve higher returns and have their money work harder for them. Mutual funds offer growth opportunities through diversified equity investments and can help generate returns to meet future large expenses.
This document provides information on why saving and investing is important for achieving financial goals like buying a car, paying for college, owning a home, and having a comfortable retirement. It discusses key concepts like starting to invest as early as possible to take advantage of compound interest. Various investment vehicles are described, including savings accounts, money market accounts, certificates of deposit, stocks, bonds, mutual funds, and how each can help savings and investments grow over time. The power of compound interest and rule of 72 for estimating returns are also explained.
This document provides information on why saving and investing is important for achieving financial goals like buying a car, paying for college, owning a home, and having a comfortable retirement. It discusses key concepts like starting to invest as early as possible to take advantage of compound interest. Various investment vehicles are described, including savings accounts, money market accounts, certificates of deposit, stocks, bonds, mutual funds, and how each can help savings and investments grow over time. The power of compound interest and rule of 72 for estimating returns are also explained.
The document summarizes a retirement income product called SecureSource 3 that is available through RiverSource variable annuities. It provides guaranteed lifetime withdrawal benefits and growth opportunities to help investors achieve their retirement goals of growing their money, creating a reliable income stream in retirement, and leaving a legacy. Key features include guaranteed lifetime income based on a percentage of the benefit base, opportunities to increase income through annual credits and locking in investment gains, and the potential for an annual income bonus.
Delaying retirement by a few years could significantly improve one's retirement lifestyle by providing more time to save and earn returns on investments, as well as increasing Social Security benefits. The document provides examples showing how retirement income and portfolio values increase by waiting until ages 64, 67, or 70 to retire rather than at 62. It also discusses factors like taxes, investment types and accounts, risk tolerance, and creating a long-term retirement strategy.
Creating Personal Wealth Nine principlesManusMoolman
The document outlines 9 principles for creating personal wealth:
1. Develop a purpose and life goals to guide financial planning and strategy.
2. Maintain a positive mindset and view obstacles as opportunities.
3. Determine clear financial missions, goals, and objectives in writing.
4. Increase knowledge of financial concepts like investing, inflation, and taxes.
This document provides information on how to prosper and thrive in retirement by addressing four important financial issues: generating sufficient retirement income, maintaining affordable health coverage, maintaining independence at advanced ages, and best leaving assets to heirs. It discusses strategies such as investing in longer-term bonds or municipal bonds to generate higher retirement income, using annuities to supplement spending and ensure payments last as long as the individual, understanding Medicare options and the importance of supplemental coverage, considering long-term care insurance, and proper estate planning to avoid taxes and ensure intended heirs receive assets.
Use credit union investment basics seminar 3 27 12mullarkea
This document discusses various investment strategies and basics. It recommends that the most important strategies are to (F) have a plan, take advantage of time, and maintain consistency in investing (all of the above). It emphasizes starting to save and invest as early as possible, even small regular amounts, to benefit from long-term compound growth. Maintaining consistent investments over many years allows earnings to compound, growing the most. The document also discusses different investment options like stocks, bonds, and mutual funds that can be used to build a diversified portfolio suited to individual goals and risk tolerance.
This paper explores Charitable Remainder Trusts as a retirement strategy for real estate investors, and how to maximize its effectiveness. Using principles rooted in the Prosperity Economics Movement, a CRT can be a great choice without fear of disinheriting heirs.
This document provides a guide to investing money that parents save for their children. It discusses deciding on investment targets and timelines. Short-term targets may require lower-risk investments, while longer timelines of 10-20 years allow for more risk. The document also covers types of investments, factors like inflation protection and income needs, and tax-efficient ways to invest through Individual Savings Accounts, child savings bonds, pensions, trusts, and regular savings plans. Overall it aims to help parents plan effective long-term investment strategies for their children's future expenses like education, homes, and retirement.
The document discusses several topics related to personal finance including how money works, debt management strategies, the power of compound interest, retirement planning, and social security. It provides examples of how small interest rates can dramatically grow savings over time using the Rule of 72. It also shows how high interest debt can rapidly accumulate if only minimum payments are made each month. The document emphasizes starting financial planning early in life and having specific, written goals to work towards retirement security.
The document discusses several topics related to personal finance including how money works, debt management strategies, the power of compound interest, retirement planning, and social security. It provides examples of how small interest rates can dramatically grow savings over time using the Rule of 72. It also shows how high interest debt can rapidly accumulate if only minimum payments are made each month. The document emphasizes starting financial planning early in life and having specific, written goals to work towards retirement security.
Solution Manual For Financial Accounting, 8th Canadian Edition 2024, by Libby...Donc Test
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"Does Foreign Direct Investment Negatively Affect Preservation of Culture in the Global South? Case Studies in Thailand and Cambodia."
Do elements of globalization, such as Foreign Direct Investment (FDI), negatively affect the ability of countries in the Global South to preserve their culture? This research aims to answer this question by employing a cross-sectional comparative case study analysis utilizing methods of difference. Thailand and Cambodia are compared as they are in the same region and have a similar culture. The metric of difference between Thailand and Cambodia is their ability to preserve their culture. This ability is operationalized by their respective attitudes towards FDI; Thailand imposes stringent regulations and limitations on FDI while Cambodia does not hesitate to accept most FDI and imposes fewer limitations. The evidence from this study suggests that FDI from globally influential countries with high gross domestic products (GDPs) (e.g. China, U.S.) challenges the ability of countries with lower GDPs (e.g. Cambodia) to protect their culture. Furthermore, the ability, or lack thereof, of the receiving countries to protect their culture is amplified by the existence and implementation of restrictive FDI policies imposed by their governments.
My study abroad in Bali, Indonesia, inspired this research topic as I noticed how globalization is changing the culture of its people. I learned their language and way of life which helped me understand the beauty and importance of cultural preservation. I believe we could all benefit from learning new perspectives as they could help us ideate solutions to contemporary issues and empathize with others.
[4:55 p.m.] Bryan Oates
OJPs are becoming a critical resource for policy-makers and researchers who study the labour market. LMIC continues to work with Vicinity Jobs’ data on OJPs, which can be explored in our Canadian Job Trends Dashboard. Valuable insights have been gained through our analysis of OJP data, including LMIC research lead
Suzanne Spiteri’s recent report on improving the quality and accessibility of job postings to reduce employment barriers for neurodivergent people.
Decoding job postings: Improving accessibility for neurodivergent job seekers
Improving the quality and accessibility of job postings is one way to reduce employment barriers for neurodivergent people.
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2. Elemental Economics - Mineral demand.pdfNeal Brewster
After this second you should be able to: Explain the main determinants of demand for any mineral product, and their relative importance; recognise and explain how demand for any product is likely to change with economic activity; recognise and explain the roles of technology and relative prices in influencing demand; be able to explain the differences between the rates of growth of demand for different products.
Lecture slide titled Fraud Risk Mitigation, Webinar Lecture Delivered at the Society for West African Internal Audit Practitioners (SWAIAP) on Wednesday, November 8, 2023.
1. Elemental Economics - Introduction to mining.pdfNeal Brewster
After this first you should: Understand the nature of mining; have an awareness of the industry’s boundaries, corporate structure and size; appreciation the complex motivations and objectives of the industries’ various participants; know how mineral reserves are defined and estimated, and how they evolve over time.
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Age Does Make A Difference
1. Age Makes A Difference
The Company You Keep®
Most People Have Long-term Goals:
Buying a home, starting a business, sending the kids to college, enjoying a comfortable
retirement. But too often they delay taking the steps necessary to turn their dreams
into realities.
Time Is On Your Side Ray Started to Save Late The Power of
Fortunately, early planning can Ray, the second twin, was also a Compounding Interest
help you maximize the power of bright guy who saw the need to put Given the fact that Ray contributed
time and reach your financial money away for his retirement. But $9,000 more than Ken, you might
goals. It’s simple: The sooner you he was a bit of a procrastinator and expect that Ray would have a
begin to save for your future didn’t begin implementing his significantly greater total for
financial needs, the more wealth investment plan until he was 45. At retirement at age 65. Surprisingly,
you can accumulate. that point he began investing $1,000 just the opposite is true.
a year in an IRA. He also averaged a
Although the idea is straight Assuming the tax-deferred IRA of
6% annual return, but continued to
forward and logical, most people each twin earned 6% a year, at age
make $1,000 investments for 20
fail to recognize the enormous 65 the account balance for Ken
years until he retired at age 65. His
increase in value that can result would be $68,117, while Ray would
contributions over the years totaled
from beginning to save early. The have only $38,993. The hypothetical
$20,000.
best way to demonstrate the power chart shown vividly illustrates the
of time is by way of example. Let’s
look at the different approaches to
investing taken by twin brothers,
Ken and Ray. The Impact of Age on the Twin’s Account Values
Ken Started to Save Early Dollars $68,117
Looking to build a large nest egg 70,000
for his retirement, Ken chose to
invest $1,000 per year in an 60,000 Ken (Early Start)
Individual Retirement Annuity (an Accumulation Without Contributing
IRA funded by a fixed annuity), 50,000 Ray (Late Start)
starting at age 30. He continued $38,993
his payments for 10 years until age 40,000
40, earning an average of 6% per
year on his investments.1 At age 30,000
40, he stopped contributing to the
IRA, but—and here’s the key—he 20,000
left his $11,000 of contributions in
the account, plus earnings, until 10,000
retirement at age 65.
0
Age 30 35 40 45 50 55 60 65
1
A six percent rate of return is for illustrative purposes only and is not intended to predict or guarantee
the results of any product.
2. Fortunately, early planning can help you maximize the power of time and reach your
financial goals. It’s simple: The sooner you begin to save for your future financial
needs, the more wealth you can accumulate.
sizable difference in the accumu- paid would balance out by age 65 It’s Never Too Early To
lated wealth of the brothers. What ($4,000 for 25 years, and $5,000 for Start Saving
happened? 20 years both equal $100,000).
Although today’s responsibilities
may take up most of your time and
“Earnings Earn Earnings” How Waiting Can Affect Your Cash
attention, it’s important to consider
Value, Death Benefit, and
Ray was on the right track. He what you want to accomplish in
Insurability
invested steadily and wisely, the future.
earning good returns. But he made Waiting would have a negative effect Let time work to your advantage,
a big mistake: He got a late start. on several key areas. A whole life beginning now.
So, though he invested almost twice policy offers the benefit of tax-
the amount his brother Ken did, deferred accumulation of cash value.
he had less money to enjoy at Generally speaking, the sooner Trish New York Life:
retirement. starts, the faster her cash value will The Company You Keep®
Now look at his twin’s experience. grow over the long term. These cash Since 1845, New York Life
By getting an earlier start, Ken values can be accessed through Insurance Company has been
benefited from 15 more years of policy loans2 to help her meet providing quality insurance
compounded interest. Left to financial needs. products to individuals, families,
accumulate in his account, the In addition, a whole life policy and businesses. For over 160 years,
earnings from his early years is eligible to earn dividends, if we have conducted our business
earned additional returns. and when they are declared by the around the central values of
company.3 Trish could use her financial strength, integrity, and
dividends in a variety of beneficial humanity—and have remained
Is Postponing the Purchase of committed to being a mutual
ways, including purchasing
Life Insurance Wise? additional insurance to enhance her company, owned solely by our
Let’s consider another example. total death benefit. Waiting would policyholders. This means that,
This will show you how postpon- mean missing five years of potential regardless of the economy, our
ing the purchase of life insurance dividends, as well as the opportunity focus is fixed on just one objective:
to a perceived “better time” can to increase the benefit paid to her meeting the needs of our
be costly. beneficiaries. customers, now and far into the
future. Talk to your New York Life
Trish has identified the need Waiting five years can also jeopard-
agent today and find out why we
for $250,000 of permanent life ize Trish’s insurability. She’s insurable
are The Company You Keep®.
insurance coverage and is at age 40, but may be uninsurable
considering buying a $250,000 due to a health condition at age 45. Note: The examples discussed herein
whole life policy. This policy would Perhaps the greatest risk in waiting are for informational and illustration
provide immediate insurance is if she were to die in the next five purposes only. They’re not intended to
predict or guarantee the performance
protection and offer guaranteed years. In that case the cost would be
of any insurance or financial product.
cash value accumulation that she the $250,000 death benefit her
could later borrow against2 to help beneficiaries would not receive.
purchase a condominium or help Purchasing this policy now may
supplement her retirement income. cost no more than waiting five years.
At age 40, Trish’s annual premium In the future, however, the cash 2
Outstanding policy loans accrue interest and
decrease the policy’s death benefit.
would be $4,000, but she’s debating value and death benefit should be 3
Dividends are based on the policy’s applicable
whether or not to wait five years, at higher. Most importantly, insurance dividend scale, which is neither guaranteed nor
which point her premium would be protection would begin immediately. an estimate of future performance. Although
dividends cannot be guaranteed, New York Life
$5,000. Looking at both scenarios So why would Trish want to risk has paid annual dividends to policy owners for
over the long term, total premium waiting? over 150 successive years.
New York Life Insurance Company
New York Life Insurance and Annuity Corporation (a Delaware Corporation)
51 Madison Avenue, New York, NY 10010
www.newyorklife.com 13482(05/07) SMRU 00287120CV(Exp.05/09)