Basic Finacial Concepts Presentation
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The document discusses the current debt, savings, retirement, and protection crises facing many American families and provides examples to demonstrate solutions. It shows how the Martin family could pay off debts faster, get more life insurance coverage for less money per month, and increase savings and retirement funds by over $1 million by age 65 through strategies like debt consolidation, investing monthly savings, and retirement account rollovers. It promotes helping clients become debt-free, invest for the future, and protect their income with adequate insurance.
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In a tight labour market, job-seekers gain bargaining power and leverage it into greater job quality—at least, that’s the conventional wisdom.
Michael, LMIC Economist, presented findings that reveal a weakened relationship between labour market tightness and job quality indicators following the pandemic. Labour market tightness coincided with growth in real wages for only a portion of workers: those in low-wage jobs requiring little education. Several factors—including labour market composition, worker and employer behaviour, and labour market practices—have contributed to the absence of worker benefits. These will be investigated further in future work.falcon-invoice-discounting-a-premier-investment-platform-for-superior-returns...
falcon-invoice-discounting-a-premier-investment-platform-for-superior-returns...Falcon Invoice Discounting
Falcon stands out as a top-tier P2P Invoice Discounting platform in India, bridging esteemed blue-chip companies and eager investors. Our goal is to transform the investment landscape in India by establishing a comprehensive destination for borrowers and investors with diverse profiles and needs, all while minimizing risk. What sets Falcon apart is the elimination of intermediaries such as commercial banks and depository institutions, allowing investors to enjoy higher yields.Bridging the gap: Online job postings, survey data and the assessment of job ...
Bridging the gap: Online job postings, survey data and the assessment of job ...Labour Market Information Council | Conseil de l’information sur le marché du travail
OJP data from firms like Vicinity Jobs have emerged as a complement to traditional sources of labour demand data, such as the Job Vacancy and Wages Survey (JVWS). Ibrahim Abuallail, PhD Candidate, University of Ottawa, presented research relating to bias in OJPs and a proposed approach to effectively adjust OJP data to complement existing official data (such as from the JVWS) and improve the measurement of labour demand.Tdasx: Unveiling the Trillion-Dollar Potential of Bitcoin DeFi
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Economic Risk Factor Update: June 2024 [SlideShare]
May’s reports showed signs of continued economic growth, said Sam Millette, director, fixed income, in his latest Economic Risk Factor Update.
For more market updates, subscribe to The Independent Market Observer at https://blog.commonwealth.com/independent-market-observer.
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Basic Finacial Concepts Presentation
- 1. Frank Codina , NSD, OSJ, CPN Regional Vice President Registered Representative
- 2. THERE IS A STORM BREWING ON THE HORIZON Retirement Rollovers Mortgages Life Insurance Long Term Care Debt Crisis
- 3. There is a Debt & Savings Crisis in our Country Debt Goes Up Average credit card debt per U.S. household: Savings Go Down Personal saving as a percentage of disposable personal income: 7% -1.1% $9,312 $2,966 8% 4% ‘ 90 ‘ 95 ‘ 00 ‘ 05
- 4. There is Also a Retirement Crisis on the Horizon Almost half of all workers think they’ll still be working at age 65 or older! 1 2. USA Today, March 30, 2005 Almost one-third of workers said they determined how much they would need for retirement by guessing. 2 Now more than ever, people are worried about their retirement as Social Security issues are on TV and radio on a daily basis. 1. Money, February 2005
- 5. There is Currently a Protection Crisis in America Experts recommend coverage of 8 - 12 times your annual income. 1 2. National Underwriter, September 20, 2004 3. National Underwriter, April 25, 2005 Without adequate life insurance, many families will experience financial devastation upon the death of a loved one. 1. Kiplinger’s, January 2005 59% of households have no individual life insurance at all. 44% of households believe they need more life insurance. 3 59% of households have no individual life insurance at all. 2
- 6. The Wall Street Journal, February 17, 2005 Why is this happening? “… more and more agents prefer to focus on the affluent market than on the middle market…” “ The ‘need’ in the middle-income markets, however, greatly exceeds the industry’s capacity to adequately serve these markets.” The Middle Income Market Is Being Ignored!
- 8. Example: The Martin family - $10,000 401K to IRA Rollover $300,000 $150,000 $50,000 12% 3% Age: 45 Age: 55 Age: 65 $10,000 Rate of Return $359,496 $108,925 $33,003 $24,568 $18,207 $13,493 Age: 35
- 9. Example: The Martin family – Life insurance protection Before: After: 3 times the coverage for $99 LESS per month! Husband $150,000 Premium $200/month Wife $150,000 Husband $500,000 Premium $101/month Wife $400,000
- 10. Example: The Martin family – Investing the $99 in a ROTH-IRA $300,000 $50,000 12% Age: 45 Age: 55 Age: 65 Rate of Return $708,957 $207,841 $56,005 Age: 35 $10,000 plus $99 per month!
- 14. Example: The Martin family – Debt elimination solution By enrolling in our Biweekly Equity Builder Program ($655 every two weeks) this family would pay off the loan in 20 years instead of 25. By teaching them how to invest $500 each month (automatically) into an emergency account that would grow to over $386,000 over those same 20 years. With this SOLUTION, by age 55 this family would be totally debt-free and have accumulated over $386,000!!!
- 15. Example: The Martin family – Building their Financial House $708,000 in retirement savings & $386,000 in emergency fund Total liquid net worth: $1,094,000 by age 65 Before After Life Insurance Coverage: $150,000 cash value policy on him $150,000 cash value policy on her Total coverage: $300,000 Cost per month: $200 Life Insurance Coverage: $500,000 term policy on him $400,000 term policy on her Total coverage: $900,000 Cost per month: $101 Debt Situation: Monthly debt payments : $2,199 On debt of: $32,157 (credit cards) and a $145,000 mortgage Term remaining to pay off: 25 years Emergency account: CREDIT CARDS Debt Solution: Loan payment : $1,309 On debt of: $180,000 Monthly debt savings: $890! Completely debt-free: 20 years Emergency account: $500/month Savings Style: Total savings: $10,000 Monthly savings: $0 (no financial direction) Savings Strategy: Roll-over $10,000 + add $99 to a ROTH-IRA account + $75 a month for an Education Savings Account
- 17. Products and services that people need and want Legal Insurance Mortgage Refinance and 2 nd Mortgages Long-Term Care Insurance Personal Loans 401K Programs New Home Loans Life Insurance Variable Annuities Mutual Funds, IRAs & Education Savings Accounts