http://ekinsurance.com/financial/what-is-a-certificate-of-deposit/
Are you disturbed by the rates on CDs issued at your bank? There's something you can do about it.
For Those Who Want to Prosper & Thrive in Retirementfreddysaamy
http://ekinsurance.com/financial/retirement/
Our core capital should be designed to outlive us. In fact, it’s important for you to start thinking about your money in terms of it outliving you, not the other way around. You don’t want to outlive your money.
Compound Interest & Rule of 72
Biggest Wealth Killer
High Cost of Waiting
Unnecessary Transfers
Opportunity Costs
Be The Bank
Eleven Ways to “Find” the Money
The REAL Retirement Miracle
Compound Interest & Rule of 72
Biggest Wealth Killer
High Cost of Waiting
Unnecessary Transfers
Opportunity Costs
Be The Bank
Eleven Ways to “Find” the Money
The REAL Retirement Miracle
For Those Who Want to Prosper & Thrive in Retirementfreddysaamy
http://ekinsurance.com/financial/retirement/
Our core capital should be designed to outlive us. In fact, it’s important for you to start thinking about your money in terms of it outliving you, not the other way around. You don’t want to outlive your money.
Compound Interest & Rule of 72
Biggest Wealth Killer
High Cost of Waiting
Unnecessary Transfers
Opportunity Costs
Be The Bank
Eleven Ways to “Find” the Money
The REAL Retirement Miracle
Compound Interest & Rule of 72
Biggest Wealth Killer
High Cost of Waiting
Unnecessary Transfers
Opportunity Costs
Be The Bank
Eleven Ways to “Find” the Money
The REAL Retirement Miracle
Using Credit is part 4 of the 6-part Money Matters class, created by the Athens-Clarke County Library. Money Matters is part of Smart investing @ your library®, and is brought to you by a joint grant from the American Library Association and FINRA, the Financial Regulatory Authority Foundation.
Corporate bonds popularly referred to as coupons are given to investors by corporations as cash
investment. The investor gets the corporate bonds with the promise that the value will increase.
With the increase of interest rates, the investor draws in income which he can enjoy once the
period set elapses.
With the volatile global business environment, the corporate bonds became a very secure way to
save up money. Many people consider corporate bonds a more secure option for saving up for
retirement in comparison to other ways. However, corporate bonds have their advantages and
disadvantages.
Please review my information package explaining how reverse mortgages can help mature adults lead a more productive quality of life. Using a grown credit line that grows over time with no impact to social security or personal income tax liability
Everyone wants to be more financially secure, but don't know the basics of how to get there. This presentation is a roadmap with seven simple rules for financial success. It is part of a series of seminars offered by Saunders Learning Group on personal money management. You can now view the presentation here, order the Family Financial Freedom book from any of the ebook sites for iPhone, iPad, Kindle, Nook, Kobo reader etc. contact me at floyd.saunders@yahoo.com for a copy of the presentation or more information on how to get seminar materials.
Topics covered in the last of the 6-part series include: managing job loss, essential documents, record-keeping, and the basics of investing. Money Matters was created by the Athens-Clarke County Library. Money Matters is part of Smart investing @ your library®, and is brought to you by a joint grant from the American Library Association and FINRA, the Financial Regulatory Authority Foundation.
Why invent ? The top reason to invest is to see a return (profit) on the investment. Financial Security: Many people decide to learn more about investing because they want to feel secure financially. Lifestyle: Earning money through investing can help people afford a desired lifestyle so they can afford those things they ‘want’. Investing can also be a way for people to get their money working for them (instead of having to work for every dollar) to free up time to live the lifestyle they desire.
The volatility in today’s financial markets is making it impossible to know where to invest and grow your money without the fear of losing your lifetime savings. Historic low interest rates are making is difficult to provide the income needed by investing in safer investments such as CDs and annuities. Investing a portion of your overall portfolio in fixed income investments should be considered as a solution to reducing volatility and providing needed income.
Using Credit is part 4 of the 6-part Money Matters class, created by the Athens-Clarke County Library. Money Matters is part of Smart investing @ your library®, and is brought to you by a joint grant from the American Library Association and FINRA, the Financial Regulatory Authority Foundation.
Corporate bonds popularly referred to as coupons are given to investors by corporations as cash
investment. The investor gets the corporate bonds with the promise that the value will increase.
With the increase of interest rates, the investor draws in income which he can enjoy once the
period set elapses.
With the volatile global business environment, the corporate bonds became a very secure way to
save up money. Many people consider corporate bonds a more secure option for saving up for
retirement in comparison to other ways. However, corporate bonds have their advantages and
disadvantages.
Please review my information package explaining how reverse mortgages can help mature adults lead a more productive quality of life. Using a grown credit line that grows over time with no impact to social security or personal income tax liability
Everyone wants to be more financially secure, but don't know the basics of how to get there. This presentation is a roadmap with seven simple rules for financial success. It is part of a series of seminars offered by Saunders Learning Group on personal money management. You can now view the presentation here, order the Family Financial Freedom book from any of the ebook sites for iPhone, iPad, Kindle, Nook, Kobo reader etc. contact me at floyd.saunders@yahoo.com for a copy of the presentation or more information on how to get seminar materials.
Topics covered in the last of the 6-part series include: managing job loss, essential documents, record-keeping, and the basics of investing. Money Matters was created by the Athens-Clarke County Library. Money Matters is part of Smart investing @ your library®, and is brought to you by a joint grant from the American Library Association and FINRA, the Financial Regulatory Authority Foundation.
Why invent ? The top reason to invest is to see a return (profit) on the investment. Financial Security: Many people decide to learn more about investing because they want to feel secure financially. Lifestyle: Earning money through investing can help people afford a desired lifestyle so they can afford those things they ‘want’. Investing can also be a way for people to get their money working for them (instead of having to work for every dollar) to free up time to live the lifestyle they desire.
The volatility in today’s financial markets is making it impossible to know where to invest and grow your money without the fear of losing your lifetime savings. Historic low interest rates are making is difficult to provide the income needed by investing in safer investments such as CDs and annuities. Investing a portion of your overall portfolio in fixed income investments should be considered as a solution to reducing volatility and providing needed income.
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
There are many sources of financing available to a business owner. David Lerner Associates offers this list of loan sources - it should provide some ideas.
Women have unique financial issues and needs. This presentation discusses 15 of the most common misconceptions women have about general financial strategies, retirement and estate planning, insurance, as well as money and relationships. It provides guidance on strategies to help women manage their finances.
http://www.kenyanmoments.com/
Top 5 shopping malls in Nairobi, Kenya, reviewed and awarded. Find out where in the Kenyan capital to go for the best bargains, most pleasant shopping experiences or fastest checkout. We have looked at Sarit Centre, YaYa Mall, Westgate Shopping Centre, The Junction Mall, Rangers Supermarket and more to be able to award the Top 5 shopping malls in Nairobi with their rightful titles.
http://www.noidentitytheft.com/identity-guard-review/
Paying taxes is bad enough, but falling prey to a tax scam can be even worse. Many of the same tax scams crop up year after year, ensnaring new victims every tax season. Being aware of potential pitfalls can make filing taxes easier and keep you out of trouble with the IRS.
Whether you are getting ready to file your taxes or still gathering the required paperwork, you need to be aware of these common tax scams. Doing your homework ahead of time can protect you from scams and questionable tax dodges as the April 15 tax deadline approaches
The Best Way to Buy Sell or Replace Life Insurancefreddysaamy
http://ekinsurance.com/pennsylvania-life-insurance/
Traditionally, life insurance is purchased during your working years to replace your income for your family in case you died. But if you are retired, do you still need life insurance?
How Wealthy People Use Professional Money Managementfreddysaamy
http://ekinsurance.com/financial/money-management/
Just as surgeons don't operate on themselves, wealthy people usually do not invest their own money. They have investment professionals manage their money for them.
http://ekinsurance.com/financial/how-to-maximize-your-social-security-benefits/
You may have a simple question like, “What can I do now to get the biggest Social Security check?” The answer is not much but you do have some possibilities if married.
Helping You Avoid IRA Distribution Mistakesfreddysaamy
http://ekinsurance.com/financial/what-are-ira-distributions/
You own two pots of money: The money that has already been taxed (let's call it "regular money") and the money that has not been taxed (let's call this "retirement money" such as IRA, 401k, 403b, etc.).
http://ekinsurance.com/personal/how-to-buy-long-term-care-insurance/
Statistics indicate that over half of all people over age 50 will require long-term care.
http://ekinsurance.com/financial/what-are-annuities/
Annuities can be a great way to make your money work, but many people may not understand the risks, rewards, or the workings of their annuities.
Unveiling the Secrets How Does Generative AI Work.pdfSam H
At its core, generative artificial intelligence relies on the concept of generative models, which serve as engines that churn out entirely new data resembling their training data. It is like a sculptor who has studied so many forms found in nature and then uses this knowledge to create sculptures from his imagination that have never been seen before anywhere else. If taken to cyberspace, gans work almost the same way.
Putting the SPARK into Virtual Training.pptxCynthia Clay
This 60-minute webinar, sponsored by Adobe, was delivered for the Training Mag Network. It explored the five elements of SPARK: Storytelling, Purpose, Action, Relationships, and Kudos. Knowing how to tell a well-structured story is key to building long-term memory. Stating a clear purpose that doesn't take away from the discovery learning process is critical. Ensuring that people move from theory to practical application is imperative. Creating strong social learning is the key to commitment and engagement. Validating and affirming participants' comments is the way to create a positive learning environment.
Remote sensing and monitoring are changing the mining industry for the better. These are providing innovative solutions to long-standing challenges. Those related to exploration, extraction, and overall environmental management by mining technology companies Odisha. These technologies make use of satellite imaging, aerial photography and sensors to collect data that might be inaccessible or from hazardous locations. With the use of this technology, mining operations are becoming increasingly efficient. Let us gain more insight into the key aspects associated with remote sensing and monitoring when it comes to mining.
As a business owner in Delaware, staying on top of your tax obligations is paramount, especially with the annual deadline for Delaware Franchise Tax looming on March 1. One such obligation is the annual Delaware Franchise Tax, which serves as a crucial requirement for maintaining your company’s legal standing within the state. While the prospect of handling tax matters may seem daunting, rest assured that the process can be straightforward with the right guidance. In this comprehensive guide, we’ll walk you through the steps of filing your Delaware Franchise Tax and provide insights to help you navigate the process effectively.
"𝑩𝑬𝑮𝑼𝑵 𝑾𝑰𝑻𝑯 𝑻𝑱 𝑰𝑺 𝑯𝑨𝑳𝑭 𝑫𝑶𝑵𝑬"
𝐓𝐉 𝐂𝐨𝐦𝐬 (𝐓𝐉 𝐂𝐨𝐦𝐦𝐮𝐧𝐢𝐜𝐚𝐭𝐢𝐨𝐧𝐬) is a professional event agency that includes experts in the event-organizing market in Vietnam, Korea, and ASEAN countries. We provide unlimited types of events from Music concerts, Fan meetings, and Culture festivals to Corporate events, Internal company events, Golf tournaments, MICE events, and Exhibitions.
𝐓𝐉 𝐂𝐨𝐦𝐬 provides unlimited package services including such as Event organizing, Event planning, Event production, Manpower, PR marketing, Design 2D/3D, VIP protocols, Interpreter agency, etc.
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⭐ 𝐅𝐞𝐚𝐭𝐮𝐫𝐞𝐝 𝐩𝐫𝐨𝐣𝐞𝐜𝐭𝐬:
➢ 2024 BAEKHYUN [Lonsdaleite] IN HO CHI MINH
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"𝐄𝐯𝐞𝐫𝐲 𝐞𝐯𝐞𝐧𝐭 𝐢𝐬 𝐚 𝐬𝐭𝐨𝐫𝐲, 𝐚 𝐬𝐩𝐞𝐜𝐢𝐚𝐥 𝐣𝐨𝐮𝐫𝐧𝐞𝐲. 𝐖𝐞 𝐚𝐥𝐰𝐚𝐲𝐬 𝐛𝐞𝐥𝐢𝐞𝐯𝐞 𝐭𝐡𝐚𝐭 𝐬𝐡𝐨𝐫𝐭𝐥𝐲 𝐲𝐨𝐮 𝐰𝐢𝐥𝐥 𝐛𝐞 𝐚 𝐩𝐚𝐫𝐭 𝐨𝐟 𝐨𝐮𝐫 𝐬𝐭𝐨𝐫𝐢𝐞𝐬."
Discover the innovative and creative projects that highlight my journey throu...dylandmeas
Discover the innovative and creative projects that highlight my journey through Full Sail University. Below, you’ll find a collection of my work showcasing my skills and expertise in digital marketing, event planning, and media production.
Personal Brand Statement:
As an Army veteran dedicated to lifelong learning, I bring a disciplined, strategic mindset to my pursuits. I am constantly expanding my knowledge to innovate and lead effectively. My journey is driven by a commitment to excellence, and to make a meaningful impact in the world.
Attending a job Interview for B1 and B2 Englsih learnersErika906060
It is a sample of an interview for a business english class for pre-intermediate and intermediate english students with emphasis on the speking ability.
Business Valuation Principles for EntrepreneursBen Wann
This insightful presentation is designed to equip entrepreneurs with the essential knowledge and tools needed to accurately value their businesses. Understanding business valuation is crucial for making informed decisions, whether you're seeking investment, planning to sell, or simply want to gauge your company's worth.
Memorandum Of Association Constitution of Company.pptseri bangash
www.seribangash.com
A Memorandum of Association (MOA) is a legal document that outlines the fundamental principles and objectives upon which a company operates. It serves as the company's charter or constitution and defines the scope of its activities. Here's a detailed note on the MOA:
Contents of Memorandum of Association:
Name Clause: This clause states the name of the company, which should end with words like "Limited" or "Ltd." for a public limited company and "Private Limited" or "Pvt. Ltd." for a private limited company.
https://seribangash.com/article-of-association-is-legal-doc-of-company/
Registered Office Clause: It specifies the location where the company's registered office is situated. This office is where all official communications and notices are sent.
Objective Clause: This clause delineates the main objectives for which the company is formed. It's important to define these objectives clearly, as the company cannot undertake activities beyond those mentioned in this clause.
www.seribangash.com
Liability Clause: It outlines the extent of liability of the company's members. In the case of companies limited by shares, the liability of members is limited to the amount unpaid on their shares. For companies limited by guarantee, members' liability is limited to the amount they undertake to contribute if the company is wound up.
https://seribangash.com/promotors-is-person-conceived-formation-company/
Capital Clause: This clause specifies the authorized capital of the company, i.e., the maximum amount of share capital the company is authorized to issue. It also mentions the division of this capital into shares and their respective nominal value.
Association Clause: It simply states that the subscribers wish to form a company and agree to become members of it, in accordance with the terms of the MOA.
Importance of Memorandum of Association:
Legal Requirement: The MOA is a legal requirement for the formation of a company. It must be filed with the Registrar of Companies during the incorporation process.
Constitutional Document: It serves as the company's constitutional document, defining its scope, powers, and limitations.
Protection of Members: It protects the interests of the company's members by clearly defining the objectives and limiting their liability.
External Communication: It provides clarity to external parties, such as investors, creditors, and regulatory authorities, regarding the company's objectives and powers.
https://seribangash.com/difference-public-and-private-company-law/
Binding Authority: The company and its members are bound by the provisions of the MOA. Any action taken beyond its scope may be considered ultra vires (beyond the powers) of the company and therefore void.
Amendment of MOA:
While the MOA lays down the company's fundamental principles, it is not entirely immutable. It can be amended, but only under specific circumstances and in compliance with legal procedures. Amendments typically require shareholder
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.
[Note: This is a partial preview. To download this presentation, visit:
https://www.oeconsulting.com.sg/training-presentations]
Sustainability has become an increasingly critical topic as the world recognizes the need to protect our planet and its resources for future generations. Sustainability means meeting our current needs without compromising the ability of future generations to meet theirs. It involves long-term planning and consideration of the consequences of our actions. The goal is to create strategies that ensure the long-term viability of People, Planet, and Profit.
Leading companies such as Nike, Toyota, and Siemens are prioritizing sustainable innovation in their business models, setting an example for others to follow. In this Sustainability training presentation, you will learn key concepts, principles, and practices of sustainability applicable across industries. This training aims to create awareness and educate employees, senior executives, consultants, and other key stakeholders, including investors, policymakers, and supply chain partners, on the importance and implementation of sustainability.
LEARNING OBJECTIVES
1. Develop a comprehensive understanding of the fundamental principles and concepts that form the foundation of sustainability within corporate environments.
2. Explore the sustainability implementation model, focusing on effective measures and reporting strategies to track and communicate sustainability efforts.
3. Identify and define best practices and critical success factors essential for achieving sustainability goals within organizations.
CONTENTS
1. Introduction and Key Concepts of Sustainability
2. Principles and Practices of Sustainability
3. Measures and Reporting in Sustainability
4. Sustainability Implementation & Best Practices
To download the complete presentation, visit: https://www.oeconsulting.com.sg/training-presentations
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Enterprise Excellence is Inclusive Excellence.pdfKaiNexus
Enterprise excellence and inclusive excellence are closely linked, and real-world challenges have shown that both are essential to the success of any organization. To achieve enterprise excellence, organizations must focus on improving their operations and processes while creating an inclusive environment that engages everyone. In this interactive session, the facilitator will highlight commonly established business practices and how they limit our ability to engage everyone every day. More importantly, though, participants will likely gain increased awareness of what we can do differently to maximize enterprise excellence through deliberate inclusion.
What is Enterprise Excellence?
Enterprise Excellence is a holistic approach that's aimed at achieving world-class performance across all aspects of the organization.
What might I learn?
A way to engage all in creating Inclusive Excellence. Lessons from the US military and their parallels to the story of Harry Potter. How belt systems and CI teams can destroy inclusive practices. How leadership language invites people to the party. There are three things leaders can do to engage everyone every day: maximizing psychological safety to create environments where folks learn, contribute, and challenge the status quo.
Who might benefit? Anyone and everyone leading folks from the shop floor to top floor.
Dr. William Harvey is a seasoned Operations Leader with extensive experience in chemical processing, manufacturing, and operations management. At Michelman, he currently oversees multiple sites, leading teams in strategic planning and coaching/practicing continuous improvement. William is set to start his eighth year of teaching at the University of Cincinnati where he teaches marketing, finance, and management. William holds various certifications in change management, quality, leadership, operational excellence, team building, and DiSC, among others.
2. CD Shoppers' Guide
Written by Financial Educators
Provided to you by
Ethan Andrew Kosmin
Trusted Advisor
FEM-3047AO (07/2012) Securities and Investment Advisory Services offered through Nationwide Securities, LLC. member
FINRA, SIPC. and a Registered Investment Advisor. DBA, Nationwide Advisory Services, LLC. in AR, FL, IL, NY, TX and WY.
Representative of Nationwide Life Insurance Company, affiliated companies and other companies. Representatives of
Nationwide Securities, LLC may only conduct business with residents of the states in which it is properly licensed and/or
registered. Please note that not all of the products and services that may be mentioned are available in every state.
2 2016 Update v.5.1
3. Where to Obtain
Higher Paying CDs
Are you disturbed by the rates on CDs issued at your bank? There's something you can do about it.
Many banks are FDIC insured, just like your local bank. Shop around for the best Certificates of Deposit.
Check out other banks and saving institutions in your neighborhood, and in other states. Their rates could be higher
than what you can get locally. In fact, the highest rates offered by some banks could be 50% higher than national
averages... sometimes more.1
How do you shop for a competitive rate? You could spend hours searching the Internet and maybe find a few.
Or, you could call us and get a more comprehensive listing of CDs available right now. That list will show you CDs
of various maturities and types. Just like at your local bank, your principal is returned at maturity. You receive
interest every month or calendar quarter, depending on your desires.
To get a current list, you can contact the representative that provided this booklet. Before we get started, please
note that some CDs may be callable prior to maturity and therefore carry interest rate risk. Brokered CDs are
typically subject to transaction costs not generally associated with bank CDs. Early withdrawal from any CD prior
to maturity may be subject to early withdrawal penalties. Also, interest earned from a CD that is not held in a
qualified retirement account is subject to federal and sometimes state income taxes.
To learn more about CDs that pay higher rates, turn to the next page and read about callable CDs...
1
http://www.bankrate.com , 12/20/15. Average one year CD=.27%, highest=1.32% ($25,000 minimum).
3
4. Callable CDs
"Callable CDs" are a variety of CDs that often pay more than regular (non-callable) CDs. The Federal Deposit
Insurance Corporation insurance, full principal repayment at maturity and above-average yields appeal to
safety-conscious retirees looking for income.
Although FDIC insured, they have features you must understand. Before you jump at the rate offered by some
ad in the Sunday newspaper, here's what you need to know about the features offered:
High Rate:
The higher rate could be temporary. Some callable CDs are callable after a year or two, which means you can get
paid off and your high rate stops. Although your principal may still be insured by the FDIC, you may be required to
find another place to invest your money which could subject your investment to interest rate risk. Although the
bank could have the option to pay you back after one or two years, you do not have the same flexibility.
Banks offer callable CDs to shift interest-rate risk to the depositor. Because the depositor is taking on this
interest-rate risk, a callable CD will have a higher yield than the same maturity CD without a call provision. The
additional yield is partial compensation for the depositor accepting the interest-rate risk. They may have terms of 10
or 20 years. Therefore, these CDs are typically suitable for someone who does not need liquidity and wants higher
returns than a non-callable CD and the safety afforded by the FDIC protection. Consider that earning more on your
money could reduce the need for you to tap into your principal investments. If you buy such higher-paying CDs, it
might be wise to keep other money for liquidity available in a money market account or bank account. Although
money market accounts are typically considered to be safer than many equity investments, money-market shares are
redeemable at net asset value, which may be more or less than original cost. An investment in a money market fund
is not insured or guaranteed by the FDIC or any other government agency. Although money market funds seek to
preserve the value of your investment at $1.00 per share, it is possible to lose money by investing in such a fund.
These callable CDs are suitable for:
People who want to protect their "core" principal that they never want to spend•
People who want to leave money for heirs•
People who need to safely maximize income•
People who have adequate liquid resources•
Take these precautions:
Someone may tell you that you can sell these CDs at any time. It is true that most banks will buy back the CD
from you but it could be at a steep discount. With respect to principal repayment, the bank's obligation is to pay you
back at maturity.
You may be told that if you pass away before the CD matures, your heirs can "put" the CD back to the bank
and get the principal. This offer however is dependent upon the bank having enough funds in the "put" pool. Your
heirs will have priority but could wait to see cash.
Call for a free checklist to use before buying high rate or callable CDs.
Want to hear about a CD that allows you to participate in the movement of the market? Please give us a call.
4
5. Index-Linked CDs
These CDs pay interest based upon the overall performance of a stock market index, and your principal deposit
is FDIC insured up to current limits. Here's an example of how one of these CDs work. Please note, however, that
the various features of these CDs vary from company to company (e.g., maturity, interest rate determination,
withdrawal penalties).
Here's a hypothetical example. You make a deposit, say $10,000. The CD has a 3.75 year maturity,
non-callable. At the end of 3.75 years, you would receive your deposit back plus interest based upon the movement
of a pre-selected stock market index, such as the S&P 500.2 Let's assume that the index increased 3% per calendar
quarter over the next 3.75 years. In this hypothetical example, you would receive $12,271 (interest rates are subject
to change and your actual results will vary). Please note that this example is used for illustration purposes and is not
a prediction of future market performance.
The attractive feature of such CDs is that you could earn a higher amount of interest. However, you could earn
zero if the stock market falls during the term of the CD. Your full deposit is always returned to you at maturity no
matter what occurs in the stock market. Index-linked CDs are subject to early withdrawal penalties, and an investor
is not guaranteed to receive 100% of his or her principal investment if funds are withdrawn prior to maturity. Also,
an investor's right of early withdrawal can be limited to certain dates.
Note that some varieties have a "cap" limiting the gain. For example, a 100% cap would mean that a $10,000
CD would not provide more than $20,000 no matter how large the gain in the index. Others may have a call feature
allowing the issuing bank to redeem the CD before maturity at pre-stated prices.
Yet others may have a "participation rate" where you partially participate in the index gain. For example, if the
stock index rises by 100% and your participation rate is 50%, you enjoy only half of the market gain. All of these
features are included in the descriptive materials. So read and understand them carefully before you invest.
If you think that the stock market performs well over the long term, index-linked CDs could interest you. It's an
opportunity to participate in potential market gains and to protect your principal from market losses. But some
people may still opt for the traditional CD with its fixed payment of .85% (Bankrate.com's national average rate for
five year Jumbo CD was .85% as of 12/20/15).
If today's CD rates leave you yearning for a higher return with safety, index-linked CDs could be for you. Call
the phone number on the last page of this booklet for some valuable information regarding these types of CDs.
2
The S&P 500 is an unmanaged group of 500 widely-held securities considered to be representative of the stock market in general. An index
cannot be invested in directly.
5
6. FDIC Insurance - Do
You Really Understand It?
Most people realize that their bank deposits are insured up to $250,000 per person, per institution. To ensure
that all your accounts are fully insured, you could just spread your money among different banks. However, you can
also keep accounts at the same banks and get several hundred thousands of dollars of insurance if your accounts are
organized correctly.
One strategy is to use trusts or "pay-on-death" designations. Accounts that have named beneficiaries are
insured $250,000 per named beneficiary. Here's an example of how two parents and one child can insure $3 million
of deposits using the correct designations on accounts:
How a husband, wife and one child
may have insured amounts totaling $3 million
Individual Account:
Husband $250,000
Wife $250,000
Child $250,000
Joint Accounts:
Husband and Wife $250,000
Husband and Child $250,000
Wife and Child $250,000
Revocable Trusts:
Husband as a Trustee for Wife $250,000
Husband as a Trustee for Child $250,000
Wife as a Trustee for Husband $250,000
Wife as a Trustee for Child $250,000
Child as a Trustee for Father $250,000
Child as a Trustee for Mother $250,000
Total $3,000,000
To make sure you have the protection you want, the representative providing this booklet will be happy to
review your list of CDs and explain how to designate each account.
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7. Are Fixed Deferred Annuities
a Good Alternative to CDs?
If you have accounts at banks, you may have been pitched on fixed deferred annuities as an alternative. But you
need to understand the differences. Under the right circumstances annuities may in fact be a great way to get higher
income, get a tax benefit and reduce or eliminate tax on your Social Security income. Let's explore the differences:
Safety
Bank deposits are FDIC insured and annuities are not. Annuities are guaranteed by the claims-paying ability of
the issuing insurance company. Therefore, select annuity companies that are at least "A" rated or higher. You can
call for the current rating on any annuity you may now own or when considering such an investment in the future.
Rate
Before investing, you should find out how long the rate will be effective, and what the guaranteed rate is after
that. After all, some companies have a guaranteed rate of 0%.
Annuities and CDs often pay comparable rates. On 12/20/15, CIT Bank was offering a 5-year Jumbo CD at
2.23% interest (www.bankrate.com, $100,000 deposit). At the same time, at least one highly rated insurance
company, Midland National Life (rated A+ by S&P) was offering a five-year fixed-rate annuity for 2.55%.
(Guarantee Ultimate 5, $10,000 deposit).3
Term
Some people think that annuities force you to lock in your money. Annuities in fact come in terms from one
year to 20 years and all terms in between. Of course, the term of the annuity or CD will typically affect the interest
rate for the product. Even on a long-term annuity, you can cash it at any time. However, surrender charges and fees
will apply. The amount of these surrender charges is typically based upon the time you have been invested in the
annuity and these charges can last for 10 or more years in some cases.
Some annuities apply surrender charges only to interest earned so you always get your principal returned. A
common feature is the free withdrawal of 10% of the balance each year. This provides sufficient access to funds for
many policyholders. At the end of the term, you can cash in the entire annuity or exchange it for a new annuity.
Note that withdrawals from an annuity prior to age 59½ may be subject to income taxes and a 10% tax penalty on
the withdrawn amount.
Taxes
CDs can affect your taxes adversely because you pay tax even if you reinvest the income. Taxes on deferred
annuities, however, are not paid until money is withdrawn. There is an additional tax benefit. Because deferred
annuity interest is not included on your tax return, you may find that the tax on your Social Security income is
reduced or eliminated.4 That's because your Social Security income is taxed only if your reportable income exceeds
specific amounts.5 Call for an analysis on saving Social Security taxes.
3
Annuities and CDs alike tend to pay higher interest rates for products that are issued for longer maturities. The rates of these products can
vary greatly among companies and banks.
4
IRS Publication 17, 2014.
5
This is not a comprehensive discussion of tax issues and you should consult a tax advisor.
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8. Please also note that ordinary income taxes are paid on withdrawals from an annuity, and withdrawals prior to
age 59½ are subject to an additional 10% income tax penalty.
Lifetime Income
Annuities can be "annuitized" or converted for a fixed monthly income that you cannot outlive. You can obtain
a monthly income for as long as you live (note that the annuity principal is surrendered in exchange for the lifetime
income).
Index Annuities
Similar to the index-linked CDs described earlier, you can obtain fixed annuities that have their annual interest
based upon increases in an established market index (e.g., S & P 500).6 Your principal is guaranteed by the
claims-paying ability of the issuing insurance company when held to the maturity date.7 When the market declines,
your principal is protected, less applicable fees and charges. When the market increases, you get a percentage of the
increase in the market. Such annuities typically provide a minimum guaranteed return.
Annuities may be an alternative to CDs but understand the above differences before you invest. If someone has
suggested an annuity, call for a second opinion. Equity indexed annuities are long-term investments subject to
possible surrender charges and 10% IRS early withdrawal penalty prior to age 59½. Please note the application of
surrender charges could result in a loss of principal, the minimum guaranteed return may be 0%, and
investment return based on market increases may be capped. The guaranteed account value of an
equity-index annuity only applies if the annuity is held until the end of the contract term and that loss of
principal is possible if the annuity is surrendered before the end of the contract term. Equity-index annuities
are not FDIC insured, unlike index-linked CDs.
6
The S&P 500 is an unmanaged group of 500 widely-held securities considered to be representative of the stock market in general.
7
Note that withdrawals prior to maturity may not participate in growth of the S&P 500 and may incur surrender charges.
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9. Are Your CDs Titled Correctly?
CDs are a popular investment among retirees because of CD safety. But some people do not give adequate
attention to how the CD is titled and this can create problems.
If you register the CD in your own name, it will need to be probated before your heirs can get it. That could be
a delay of months. To avoid probate, some seniors register their CD as joint tenants with their children. However,
did you know that by including their names as joint tenants, you could expose the CD to claims of your children's
creditors?
For example, let's assume your son is a building contractor. One of his buildings falls down and someone is
killed. He gets sued for limits exceeding his insurance and his assets are attached including your CD! You then
have to prove that the CD was your money and incur legal expenses to protect your CD. Therefore, consider not
listing other people as joint tenants unless absolutely necessary.
An alternative approach is to name them as "pay-on-death" beneficiaries. With this designation, the CD
becomes immediately available (upon proof of identity) to those beneficiaries named upon death of the account
holder.
Another alternative is to have a living trust and have it own the CD. This also avoids probate and can allow you
to place further restrictions such as distribution of only a portion of the funds annually.
Titling of the CD also affects how much of the CD is insured as explained earlier in this booklet.
Even simple investments can often require more complete understanding. Please call if you have any questions
about CDs or other income alternatives.
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10. About
Ethan Andrew Kosmin
Ethan brings a wealth of experience and knowledge to his role as a financial
advisor. His diverse background and training enables him to help clients pursue
their long-term financial goals through comprehensive, individualized financial
planning.
A comprehensive, client-focused approach to financial planning ensures that the
recommended programs encompass each client’s financial goals, time frames and
risk tolerance. Ethan specializes in asset protection. He works closely with clients
to develop customized financial strategies that incorporate asset allocation,
financial management, retirement planning, college planning and succession
planning.
In addition to developing a custom financial strategy for each client, Ethan conducts regular meetings with clients
to review performance, reconfirm financial goals and make adjustments as economic or lifestyle conditions warrant.
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11. About
Nationwide Financial
At Nationwide, we’re committed to breaking down and simplifying the toughest retirement topics, like Social
Security, health care, long-term care and income planning. We support you and your advisor with strategies and
planning tools to help you retire successfully. And with a wide variety of products and services to help meet your
specific needs, we can help your advisor help you plan for the future.
· Nationwide Retirement Institute - We break down and simplify the complex retirement challenges
that will have the biggest impact on your retirement.
· Social Security - With 2,725 rules, Social Security is complex. We help simplify the complexity of
Social Security.
· Estate Planning - Includes assistance with living trusts and elimination of estate taxes.
· Long Term Care - 7 out f 10 people over age 65 will need long term care at some point in their lives.
We specialize in early planning that can give you the freedom to select the services and providers you
want later on.
· Annuities - An annuity is a long term investment that is issued by an insurance company designed to
help protect you from the risk of outliving your income.
· Life Insurance - Can be the foundation of financial security for you and your family.
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12. Phone today with questions or to see if we can help you.
There is no charge for an initial meeting.
Ethan Andrew Kosmin
Trusted Advisor
(484) 800-1000 x1
Nationwide Financial
kosmie1@nationwide.com
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