This document provides a financial guidance profile for Mario and Meredith Sanchez. It includes various ratios and charts analyzing their income statement, balance sheet, housing expenses, debt levels, savings, emergency fund, and monthly payments. It also discusses the certified financial planner's fees and responsibilities, recommendations for financial record keeping, options for refinancing their home, and details of their insurance policy. The document contains detailed financial information to help the certified financial planner provide guidance to Mario and Meredith Sanchez.
www.sba.gov. The U.S. Small Business Administration (SBA) provides programs for businesses in the areas of technical assistance, training and counseling, financial assistance, assistance with government contracting, disaster assistance recovery, advocacy laws and regulations, civil rights compliance, and special interests, such as women, veterans, Native Americans, and young entrepreneurs. The website provides links to numerous information resources.
www.score.org. The Service Corps of Retired Executives (SCORE) is dedicated to helping small businesses get off the ground, grow and achieve their goals. SCORE provides volunteer mentors, free confidential business counseling, free business tools, and inexpensive or free business workshops.
Buy-sell agreements are usually part of a succession plan put in place to protect the financial interests of the owners of closely held companies and their heirs and to protect the company’s stability in case of a major event. Funding buy – sell agreements is frequently accomplished using insurance policies under (1) a cross purchase agreement, or (2) a stock redemption agreement.
Cross purchase agreement. Each owner of the company takes out, and is beneficiary of, an insurance policy on each of the other owners. In the event of an owner’s death, the other owners use the insurance proceeds to buy out the decedent’s ownership share in the company from the decedent’s beneficiaries.
The document discusses preparing for retirement with a variable annuity product called the Northwestern Mutual Select Variable Annuity. It outlines key features like tax-deferred growth, guaranteed death benefits, and options for guaranteed retirement income. Concerns around running out of money, health costs, and inflation in retirement are addressed through the annuity's features and investment options.
Common Factors Affecting Retirement IncomeDolf Dunn
People have two very distinct investment periods in their lives, Accumulation and Distribution. Brokers are paid in the accumulation phase, not so much in the distribution phase. Fee-based Financial Planners, like myself, are paid along the way to give our clients great advice in both phases of their lives. Distribution phase is the more difficult of the two to get right. If you do not do proper planning, one risks running out of money before your last breathe. Not to be entrusted to amateurs. I can help, please give me a call.
This document discusses distributions from retirement plans. It provides contact information for Dr. Allen Rumble and his firm Providence Wealth Partners. It notes that securities and advisory services are offered through Transamerica Financial Advisors and lists the states where securities can be sold. The document encourages the reader to contact Dr. Rumble or visit the firm's website with any questions.
This document provides an overview of deferred fixed interest and indexed annuities. It discusses how these annuities can help accumulate funds on a tax-deferred basis for retirement and overcome obstacles to retirement planning like a lack of savings discipline, taxes, inflation, and longevity. The document also explains how deferred annuities work during the accumulation and income phases, and the benefits of tax-deferred growth.
The document is a newsletter from a financial services company discussing various financial topics. It provides an overview of the US economic recovery in 2014, noting gains in the stock market and job growth. It also discusses potential risks like higher stock valuations, lower oil prices, a slowing housing market, and the possibility of interest rate hikes in 2015. One article summarizes how the Affordable Care Act will affect tax filings for 2014, requiring some people to reconcile health insurance subsidies. Another discusses risks of family members serving as amateur trustees and argues for using professional trustees instead. A final article notes that while Social Security benefits are gender neutral, women on average receive lower benefits but live longer.
www.sba.gov. The U.S. Small Business Administration (SBA) provides programs for businesses in the areas of technical assistance, training and counseling, financial assistance, assistance with government contracting, disaster assistance recovery, advocacy laws and regulations, civil rights compliance, and special interests, such as women, veterans, Native Americans, and young entrepreneurs. The website provides links to numerous information resources.
www.score.org. The Service Corps of Retired Executives (SCORE) is dedicated to helping small businesses get off the ground, grow and achieve their goals. SCORE provides volunteer mentors, free confidential business counseling, free business tools, and inexpensive or free business workshops.
Buy-sell agreements are usually part of a succession plan put in place to protect the financial interests of the owners of closely held companies and their heirs and to protect the company’s stability in case of a major event. Funding buy – sell agreements is frequently accomplished using insurance policies under (1) a cross purchase agreement, or (2) a stock redemption agreement.
Cross purchase agreement. Each owner of the company takes out, and is beneficiary of, an insurance policy on each of the other owners. In the event of an owner’s death, the other owners use the insurance proceeds to buy out the decedent’s ownership share in the company from the decedent’s beneficiaries.
The document discusses preparing for retirement with a variable annuity product called the Northwestern Mutual Select Variable Annuity. It outlines key features like tax-deferred growth, guaranteed death benefits, and options for guaranteed retirement income. Concerns around running out of money, health costs, and inflation in retirement are addressed through the annuity's features and investment options.
Common Factors Affecting Retirement IncomeDolf Dunn
People have two very distinct investment periods in their lives, Accumulation and Distribution. Brokers are paid in the accumulation phase, not so much in the distribution phase. Fee-based Financial Planners, like myself, are paid along the way to give our clients great advice in both phases of their lives. Distribution phase is the more difficult of the two to get right. If you do not do proper planning, one risks running out of money before your last breathe. Not to be entrusted to amateurs. I can help, please give me a call.
This document discusses distributions from retirement plans. It provides contact information for Dr. Allen Rumble and his firm Providence Wealth Partners. It notes that securities and advisory services are offered through Transamerica Financial Advisors and lists the states where securities can be sold. The document encourages the reader to contact Dr. Rumble or visit the firm's website with any questions.
This document provides an overview of deferred fixed interest and indexed annuities. It discusses how these annuities can help accumulate funds on a tax-deferred basis for retirement and overcome obstacles to retirement planning like a lack of savings discipline, taxes, inflation, and longevity. The document also explains how deferred annuities work during the accumulation and income phases, and the benefits of tax-deferred growth.
The document is a newsletter from a financial services company discussing various financial topics. It provides an overview of the US economic recovery in 2014, noting gains in the stock market and job growth. It also discusses potential risks like higher stock valuations, lower oil prices, a slowing housing market, and the possibility of interest rate hikes in 2015. One article summarizes how the Affordable Care Act will affect tax filings for 2014, requiring some people to reconcile health insurance subsidies. Another discusses risks of family members serving as amateur trustees and argues for using professional trustees instead. A final article notes that while Social Security benefits are gender neutral, women on average receive lower benefits but live longer.
The document provides information about recent changes to mortgage and finance regulations in Australia. The Australian Prudential Regulatory Authority (APRA) has influenced lenders to be more prudent, which will impact the property market. The state budget removed the $3,000 First Home Owners Grant for established homes, though stamp duty concessions remain. The document also provides contact information for a finance broker and answers a question about how credit scores are calculated based on credit history, applications, and accounts.
Surviving the Economic Downturn: Maximizing PPP Loan Forgiveness and Planning...Citrin Cooperman
This document provides information to help businesses survive economic downturns by maximizing forgiveness on Paycheck Protection Program (PPP) loans and planning for the future. It discusses getting updates from Washington on PPP loans and other relief options. Businesses are advised to create a 13-week cash flow analysis to understand liquidity needs and have a "magic number" they don't want to dip below. Success stories are shared as examples. The presentation concludes with a question and answer session.
The document discusses the benefits of fixed annuities for retirement planning. It notes that retirees face significant financial challenges, including rising healthcare and living costs. Fixed annuities offer guaranteed returns, provide a stream of income for life, and allow for tax-deferred growth. Immediate annuities provide guaranteed lifetime income, while deferred annuities allow for long-term accumulation of assets on a tax-deferred basis before receiving income.
This document discusses strategies for using a Home Equity Conversion Mortgage (HECM), also known as a reverse mortgage, in retirement planning. It summarizes that tapping home equity through a HECM can help offset inflation risks and stabilize retirement portfolios. It then presents three scenarios comparing a retiree's outcomes with and without a HECM: 1) No HECM used, 2) Refinancing existing mortgage into a HECM line of credit, and 3) Paying off mortgage and establishing a HECM line of credit. A Monte Carlo analysis shows that using a HECM through either strategy 2 or 3 increases the probability of meeting retirement goals and maintains a higher level of available wealth over 30 years
This document discusses planning for health care costs in retirement. It outlines that retirees need significant savings to cover health care expenses - $116,000 for men and $131,000 for women is recommended. Health care costs can be divided into recurring costs like doctor visits and prescription drugs, which average $1,885 annually, and non-recurring costs like hospital stays that increase with age. Proper retirement planning requires considering total expected costs like health premiums, taxes, and debt payments in addition to direct health care expenses.
This document summarizes the benefits of an indexed annuity product called Benefit Gold. It discusses how indexed annuities can provide returns linked to market indexes while protecting the principal amount. The document outlines several crediting methods and indexes available under the product. It also highlights some key benefits including a 5% premium bonus, lifetime income rider, death benefit, and penalty-free withdrawal options.
This document provides information about enrolling in a 401(k) retirement plan. It outlines the plan features including eligibility requirements, contribution limits, employer matching, and vesting schedules. It also describes how to enroll by completing enrollment forms, selecting investments, naming beneficiaries, and turning in paperwork. Additional sections discuss the benefits of saving in a 401k plan and accessing account information online.
The document is Prism Capital Management's March 2014 investment newsletter. It contains three articles:
1) An overview of how rising interest rates may impact bond yields as the Federal Reserve tapers its bond purchasing program.
2) A list of five essential estate planning tasks everyone should complete, including updating beneficiary designations, designating guardians for minor children, drafting wills, powers of attorney, and naming an executor.
3) Tips for preparing taxes this year, including understanding qualified dividends, capital gains and losses, municipal bond income, and excluding interest from government securities.
This presentation looks at some of the advantages of preparing a financial program and some of the obstacles to success that you may encounter along the way.
We’ll discuss aspects of cash management, risk management, estate planning strategies and investing – strategies that can help accumulate dollars, protect those dollars from unforeseen events and the effects of taxes and inflation.
We’ll look at some concepts to start helping you plan for retirement and the need for tax reduction and estate planning strategies.
Of course, it is difficult to cover these issues in detail, both because some of the topics are very technical and because the “best decision” for many families depends heavily on their own circumstances. If you are armed with information, however, your financial professional can help you zero in on a strategy for your own situation.
This document provides an overview of 401k retirement plans, including what they are, why they were established, and how they work. It discusses the main types of 401k plans including traditional, Roth, safe harbor, and SIMPLE plans. It also outlines important factors to consider when choosing a 401k plan for a business, such as administrative costs, annual rates of return, available investment options, enrollment procedures, employee training, customer service, and investment advising capabilities.
Variable annuities and mutual funds are long-term investment vehicles designed for retirement. Variable annuities offer tax-deferred growth and death benefits while mutual funds allow for more flexibility but do not provide the same tax benefits. Both have associated fees that impact returns. Retirement planning should consider factors like longer lifespans, inflation, and rising healthcare costs to ensure adequate savings.
- Traditional estate planning strategies focus on reducing assets included in the estate but ignore liabilities, which can also reduce net worth.
- Closely-held family businesses often have undisclosed moral obligations to founders and owners in the form of future compensation.
- Establishing a written death benefit only (DBO) plan can formalize these moral obligations as a deductible business expense and reduce estate tax by decreasing net worth through an increased liability accrual.
EAG offers unique solutions for small business owners wishing to pass along their business without those painful estate taxes. Estate Advisors Group offers options for planning Estates. Wills, Trusts, and a unique combination of both are covered! Minimize the Estate Taxes, Cash Out Options, Plan for the Future with EAG! Learn more at http://estateadvisors.blogspot.com/ or http://estateadvisor.wordpress.com
Also on YouTube:http://www.youtube.com/watch?v=TgBPlYeUNyI
This document summarizes credit options after foreclosure, bankruptcy, or short sale. It states that according to Fannie Mae guidelines, the time before being able to obtain a home loan is 7 years after foreclosure, 2-4 years after a short sale depending on the loan-to-value ratio, 4-2 years after bankruptcy depending on the chapter, and 2 years after a deed-in-lieu. Extenuating circumstances can reduce these times. It also outlines liability for deficiency judgments after foreclosure, taxation of foreclosures and short sales, avoiding probate, and inheritance rules for married and single deceased individuals.
The document discusses Phar-Mor, a company that engaged in accounting fraud to disguise losses and maintain the appearance of success between 1985 and 1992. It provides a framework for detecting financial statement fraud using a "fraud exposure rectangle" examining management, relationships, organization/industry, and financial results. Strategic reasoning considers how fraud perpetrators may conceal fraud and how auditors can modify typical tests to detect concealed schemes.
The document discusses the equipment and time management for a school project producing a music magazine. It outlines using a Mac, Nikon camera, Photoshop, InDesign, Prezi and Da Font for research, planning, image editing, layout and design. Photoshop will be used to edit images and InDesign for layout. A checklist and to-do lists will help manage the tight deadlines.
The document discusses the history and growth of the green movement. It notes that the first green movement party started in 1972 in New Zealand as the Values party, which focused on environmental issues. Since then, the number of green movement parties has increased significantly around the world. The document quotes Rachel Carson saying that contemplating the beauty of the earth provides strength that endures throughout life.
These guidelines provide rules for writing measurements on design drawings according to ISO standards. All decimal numbers must be preceded by a zero if there are no other digits. Thousand or hundred markers are not to be used, but spaces can separate groups of three digits. Common units of length are mm, m, and km written in lowercase. Architectural drawings typically have dimensions of up to five digits for mm or 99.999 m, without unit identifiers. ISO preferences for modular coordination in architectural drawings are, in order: 300 mm, 100 mm, 50 mm, and 25 mm.
The document provides information about recent changes to mortgage and finance regulations in Australia. The Australian Prudential Regulatory Authority (APRA) has influenced lenders to be more prudent, which will impact the property market. The state budget removed the $3,000 First Home Owners Grant for established homes, though stamp duty concessions remain. The document also provides contact information for a finance broker and answers a question about how credit scores are calculated based on credit history, applications, and accounts.
Surviving the Economic Downturn: Maximizing PPP Loan Forgiveness and Planning...Citrin Cooperman
This document provides information to help businesses survive economic downturns by maximizing forgiveness on Paycheck Protection Program (PPP) loans and planning for the future. It discusses getting updates from Washington on PPP loans and other relief options. Businesses are advised to create a 13-week cash flow analysis to understand liquidity needs and have a "magic number" they don't want to dip below. Success stories are shared as examples. The presentation concludes with a question and answer session.
The document discusses the benefits of fixed annuities for retirement planning. It notes that retirees face significant financial challenges, including rising healthcare and living costs. Fixed annuities offer guaranteed returns, provide a stream of income for life, and allow for tax-deferred growth. Immediate annuities provide guaranteed lifetime income, while deferred annuities allow for long-term accumulation of assets on a tax-deferred basis before receiving income.
This document discusses strategies for using a Home Equity Conversion Mortgage (HECM), also known as a reverse mortgage, in retirement planning. It summarizes that tapping home equity through a HECM can help offset inflation risks and stabilize retirement portfolios. It then presents three scenarios comparing a retiree's outcomes with and without a HECM: 1) No HECM used, 2) Refinancing existing mortgage into a HECM line of credit, and 3) Paying off mortgage and establishing a HECM line of credit. A Monte Carlo analysis shows that using a HECM through either strategy 2 or 3 increases the probability of meeting retirement goals and maintains a higher level of available wealth over 30 years
This document discusses planning for health care costs in retirement. It outlines that retirees need significant savings to cover health care expenses - $116,000 for men and $131,000 for women is recommended. Health care costs can be divided into recurring costs like doctor visits and prescription drugs, which average $1,885 annually, and non-recurring costs like hospital stays that increase with age. Proper retirement planning requires considering total expected costs like health premiums, taxes, and debt payments in addition to direct health care expenses.
This document summarizes the benefits of an indexed annuity product called Benefit Gold. It discusses how indexed annuities can provide returns linked to market indexes while protecting the principal amount. The document outlines several crediting methods and indexes available under the product. It also highlights some key benefits including a 5% premium bonus, lifetime income rider, death benefit, and penalty-free withdrawal options.
This document provides information about enrolling in a 401(k) retirement plan. It outlines the plan features including eligibility requirements, contribution limits, employer matching, and vesting schedules. It also describes how to enroll by completing enrollment forms, selecting investments, naming beneficiaries, and turning in paperwork. Additional sections discuss the benefits of saving in a 401k plan and accessing account information online.
The document is Prism Capital Management's March 2014 investment newsletter. It contains three articles:
1) An overview of how rising interest rates may impact bond yields as the Federal Reserve tapers its bond purchasing program.
2) A list of five essential estate planning tasks everyone should complete, including updating beneficiary designations, designating guardians for minor children, drafting wills, powers of attorney, and naming an executor.
3) Tips for preparing taxes this year, including understanding qualified dividends, capital gains and losses, municipal bond income, and excluding interest from government securities.
This presentation looks at some of the advantages of preparing a financial program and some of the obstacles to success that you may encounter along the way.
We’ll discuss aspects of cash management, risk management, estate planning strategies and investing – strategies that can help accumulate dollars, protect those dollars from unforeseen events and the effects of taxes and inflation.
We’ll look at some concepts to start helping you plan for retirement and the need for tax reduction and estate planning strategies.
Of course, it is difficult to cover these issues in detail, both because some of the topics are very technical and because the “best decision” for many families depends heavily on their own circumstances. If you are armed with information, however, your financial professional can help you zero in on a strategy for your own situation.
This document provides an overview of 401k retirement plans, including what they are, why they were established, and how they work. It discusses the main types of 401k plans including traditional, Roth, safe harbor, and SIMPLE plans. It also outlines important factors to consider when choosing a 401k plan for a business, such as administrative costs, annual rates of return, available investment options, enrollment procedures, employee training, customer service, and investment advising capabilities.
Variable annuities and mutual funds are long-term investment vehicles designed for retirement. Variable annuities offer tax-deferred growth and death benefits while mutual funds allow for more flexibility but do not provide the same tax benefits. Both have associated fees that impact returns. Retirement planning should consider factors like longer lifespans, inflation, and rising healthcare costs to ensure adequate savings.
- Traditional estate planning strategies focus on reducing assets included in the estate but ignore liabilities, which can also reduce net worth.
- Closely-held family businesses often have undisclosed moral obligations to founders and owners in the form of future compensation.
- Establishing a written death benefit only (DBO) plan can formalize these moral obligations as a deductible business expense and reduce estate tax by decreasing net worth through an increased liability accrual.
EAG offers unique solutions for small business owners wishing to pass along their business without those painful estate taxes. Estate Advisors Group offers options for planning Estates. Wills, Trusts, and a unique combination of both are covered! Minimize the Estate Taxes, Cash Out Options, Plan for the Future with EAG! Learn more at http://estateadvisors.blogspot.com/ or http://estateadvisor.wordpress.com
Also on YouTube:http://www.youtube.com/watch?v=TgBPlYeUNyI
This document summarizes credit options after foreclosure, bankruptcy, or short sale. It states that according to Fannie Mae guidelines, the time before being able to obtain a home loan is 7 years after foreclosure, 2-4 years after a short sale depending on the loan-to-value ratio, 4-2 years after bankruptcy depending on the chapter, and 2 years after a deed-in-lieu. Extenuating circumstances can reduce these times. It also outlines liability for deficiency judgments after foreclosure, taxation of foreclosures and short sales, avoiding probate, and inheritance rules for married and single deceased individuals.
The document discusses Phar-Mor, a company that engaged in accounting fraud to disguise losses and maintain the appearance of success between 1985 and 1992. It provides a framework for detecting financial statement fraud using a "fraud exposure rectangle" examining management, relationships, organization/industry, and financial results. Strategic reasoning considers how fraud perpetrators may conceal fraud and how auditors can modify typical tests to detect concealed schemes.
The document discusses the equipment and time management for a school project producing a music magazine. It outlines using a Mac, Nikon camera, Photoshop, InDesign, Prezi and Da Font for research, planning, image editing, layout and design. Photoshop will be used to edit images and InDesign for layout. A checklist and to-do lists will help manage the tight deadlines.
The document discusses the history and growth of the green movement. It notes that the first green movement party started in 1972 in New Zealand as the Values party, which focused on environmental issues. Since then, the number of green movement parties has increased significantly around the world. The document quotes Rachel Carson saying that contemplating the beauty of the earth provides strength that endures throughout life.
These guidelines provide rules for writing measurements on design drawings according to ISO standards. All decimal numbers must be preceded by a zero if there are no other digits. Thousand or hundred markers are not to be used, but spaces can separate groups of three digits. Common units of length are mm, m, and km written in lowercase. Architectural drawings typically have dimensions of up to five digits for mm or 99.999 m, without unit identifiers. ISO preferences for modular coordination in architectural drawings are, in order: 300 mm, 100 mm, 50 mm, and 25 mm.
Forget Your All Pending Dues While You Have Best Short Term Loans OptionSteve Clarke
When you are applying for debit card loans, your present circumstances are not really a factor. You can be either a renter; own home owner, or even a college/school student; if you are currently in any of these circumstances then you can still get these funds with the help of internet. www.debitcardloans.org.uk
Gelecek hane perspektif-raporu-subat-2015Gelecek Hane
Genel gidişat iyiye doğru gitmektedir. Yaşam kalitesi genel itibariyle gelişmektedir. Ancak eşit oranlarda dağılmamaktadır. Bilim ve teknoloji daha önce görülmediği hızda gelişmektedir. Ancak gezegenin büyük sorunları vardır ve yeterli hassasiyet henüz oluşmamıştır.
Tabiat, iklim, doğal kaynaklar, enerji, siyaset ve ekonomi, insan ve toplum dengelerini tutturmamız şarttır. Teknolojik devrimleri bu dengeyi tutturmak için seferber etmeliyiz. ‘Ben’ odaklı düşünceden ‘Biz’ odaklı düşünce yapısına geçmek zorundayız. Bunları başarırsak, 21. yüzyıl ve sonrası çok güzel olacak.
Electronic data collection has changed how surveys are administered by allowing for easier access to data, built-in quality checks, and more accurate respondent answers. However, electronic surveying still requires careful planning and operations like selecting the right equipment and software, thoroughly testing forms, constantly uploading data, and conducting scrutiny. Issues can still arise regarding equipment malfunctions, software bugs, or unexpected responses that require notes or new forms. Thorough preparation, contingency plans, and patience can help address challenges and make the most of electronic data collection.
The Cantabrian Range is located in northern Spain. Its highest peak is Torre Cerderro at 2,650 meters high. The mountain range includes Montes de Somo Pas, Picos de Europa, Sierra del escudo y Sierra de peña sagra.
World Financial Group, Inc. is a financial services marketing company that offers various financial products and services through its affiliates. It has insurance agency affiliates in several states that offer insurance products. World Financial Group, Inc. and its insurance affiliates are affiliated companies headquartered in Johns Creek, Georgia.
World Financial Group, Inc. is a financial services marketing company that offers various financial products and services through its affiliates. It has insurance agency affiliates in several states that offer insurance products. World Financial Group, Inc. and its insurance affiliates are affiliated companies headquartered in Johns Creek, Georgia.
World Financial Group, Inc. is a financial services marketing company that offers various financial products and services through its affiliates. It has insurance agency affiliates in several states that offer insurance products. World Financial Group, Inc. and its insurance affiliates are affiliated companies headquartered in Johns Creek, Georgia.
World Financial Group, Inc. is a financial services marketing company that offers various financial products and services through its affiliates. It has insurance agency affiliates in several states that offer insurance products. World Financial Group, Inc. and its insurance affiliates are affiliated companies headquartered in Johns Creek, Georgia.
World Financial Group, Inc. is a financial services marketing company that offers various financial products and services through its affiliates. It has insurance agency affiliates in several states that offer insurance products. World Financial Group, Inc. and its insurance affiliates are affiliated companies headquartered in Johns Creek, Georgia.
How to Reduce Plaintiff Attorneys' Income Taxes and Build Wealth Using Contin...Greg Maxwell
This presentation was created by Greg Maxwell, Esq., CFP® of Amicus Settlement Planners. If you have any questions about deferring legal fees, you may schedule a complimentary call with Greg via this link: bit.ly/book-a-call-with-greg-maxwell, or you can email Greg at Contact@AmicusPlanners.com.
The document discusses financial well-being and how it is defined by the Consumer Financial Protection Bureau. Financial well-being has four key components: having control over day-to-day finances, having the capacity to absorb financial shocks, being on track to meet financial goals, and having financial freedom to enjoy life. The document focuses on the first two components - having control over finances and absorbing financial shocks. It emphasizes the importance of an emergency fund and having a back-up plan for income to be prepared for unexpected expenses and job loss.
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.
Fed Policy, Inflation, and Interest Rate RiskDieter Drews
The document is Prism Capital Management's March 2014 investment newsletter. It contains three articles:
1) An overview of how rising interest rates may impact bond yields as the Federal Reserve tapers its bond purchasing program.
2) A list of five essential estate planning tasks everyone should complete, including updating beneficiary designations, designating legal guardians, drafting wills, powers of attorney, and naming an executor.
3) Tips for preparing taxes this year, including understanding qualified dividends, capital gains and losses, municipal bond income, and excluding interest from government securities.
This document provides an overview of World Financial Group (WFG), including their goals, business model, and solutions. Some key points:
- WFG aims to help individuals and families achieve financial security and create a legacy through education and solutions like insurance, annuities, and retirement planning.
- Their business model involves associates conducting a financial needs analysis and presenting customized recommendations to help clients meet their goals.
- They believe many middle-income families lack proper protection or savings strategies and would benefit from guidance on concepts like managing risk and taxes effectively.
- WFG offers solutions like term life insurance, universal life insurance, fixed annuities, and IRAs to help clients save, protect assets,
WFG provides an overview of their company beliefs and business model. They believe there is a need for financial education and guidance for middle-income individuals. WFG's business platform rewards both personal production and leadership development. Associates can earn income through personal sales, overrides on sales by those they recruit, and promotions. The presentation provides examples of earning potential at different levels. WFG emphasizes core values like integrity, family, and positivity. It encourages attendees to consider if the business could benefit them financially and if they are intrigued by the opportunity.
1) Sound financial management is a lifelong process that involves cash management, protection strategies, investing fundamentals, tax issues, and retirement planning. Each financial decision builds the foundation for one's future.
2) Budgeting is key to cash management - it involves tracking spending to identify areas for savings that can then be used to build an emergency fund and pay down high-interest debt.
3) Protection strategies like insurance help strengthen one's financial "safety net" against unforeseen life events through products like homeowners, auto, health, disability, and life insurance.
1) Sound financial management is a lifelong process that begins early and involves cash management, investing, protecting against risks, retirement planning, and estate planning.
2) Creating a budget allows you to track spending, identify areas to cut back, and save more for emergencies and goals. Maintaining an emergency fund can prevent debt in difficult times.
3) Carrying credit card debt is costly and can significantly delay achieving savings goals. Prioritizing paying off high-interest debt can save thousands in interest charges.
The document provides an overview of World Financial Group (WFG), a financial services company that helps people create success through a business opportunity providing financial products and services. WFG believes in helping middle-income individuals and families achieve financial security and independence through education, proper protection, debt management, and wealth building strategies. The presentation outlines WFG's business platform, compensation structure, and values to introduce potential associates to the opportunity of joining WFG either part-time or full-time.
This document provides an overview of World Financial Group (WFG), including their goals, business model, and solutions. Some key points:
- WFG aims to help people better manage their money through financial education and creating generations of financially secure families.
- Their business model focuses on the underserved middle market through a proven platform and coaching associates to build strong businesses.
- They conduct a needs analysis to help clients establish goals and strategies using solutions like term life insurance, annuities, and retirement/college savings plans.
This document provides information about debt settlement training from Simplified Debt Solutions. It outlines their thorough training program for affiliates, which includes ongoing education on industry changes. Typical training involves completing a training series, attending Q&A sessions, and additional sales training. Common consumer debt statistics are presented, showing high credit card usage and bankruptcy rates in the US. Debt settlement is described as negotiating unsecured debt down in a lump sum payment, providing a win-win solution for creditors and consumers. Frequently asked questions about the debt settlement process are answered.
The document discusses 401(k) plans and their shortcomings. It notes that 401(k) plans often have high fees and expenses that reduce returns, and many plans offer limited investment choices. The document also discusses a new Medicare tax and strategies for reducing its impact, such as contributing more to tax-deferred retirement accounts. Lastly, it provides a lighthearted comedic exchange between Abbott and Costello about unemployment statistics and calculations.
We provide a business platform to
associates, which gives the support
and systems they need to build
strong businesses and create better
lives for themselves.
Many financial services companies focus on
only the wealthy few; thus many individuals
and families are grossly underserved.
There is an overwhelming need to help
middle-income individuals and families with
their finances, but there is an insufficient
number of companies that are willing to
help them.
http://ekinsurance.com/financial/retirement/
If you are near retirement or have retired, listed below are several common mistakes that occur in the arena of financial planning for retirement that you can plan now to avoid.
To paraphrase Dickens, there’s a lot of controversy today about whether we live in the best of times or worst of times concerning retirement. On the one hand, many Americans generally have some kind of retirement support, if you include Social Security, Medicare, private and public pension plans, and the many types of pre-tax retirement plans, such as IRAs and 401(k)s.
On the other hand, demographic and economic forces are making retirement itself a much bigger challenge, primarily because people live longer now. That means you need to work and save enough today to somehow pay for later without employment — a tall order. And recent market upheavals have demonstrated that you may not be able to rely on the stock market in the short term to pay the bill.
This presentation will introduce you to strategies that could help you to potentially build a bigger nest-egg during your working years, make it last longer in retirement, and even pass on more to your heirs.
Because, after all, retirement should be a time to finally relax, stop worrying and enjoy life. But you can’t escape the daily grind until you are financially independent, which in the end is what retirement is all about. So bottom line, let’s talk about working toward financial independence.
Similar to FC CFP Personal Financial Planning Group Project (20)
Madhya Pradesh, the "Heart of India," boasts a rich tapestry of culture and heritage, from ancient dynasties to modern developments. Explore its land records, historical landmarks, and vibrant traditions. From agricultural expanses to urban growth, Madhya Pradesh offers a unique blend of the ancient and modern.
Vicinity Jobs’ data includes more than three million 2023 OJPs and thousands of skills. Most skills appear in less than 0.02% of job postings, so most postings rely on a small subset of commonly used terms, like teamwork.
Laura Adkins-Hackett, Economist, LMIC, and Sukriti Trehan, Data Scientist, LMIC, presented their research exploring trends in the skills listed in OJPs to develop a deeper understanding of in-demand skills. This research project uses pointwise mutual information and other methods to extract more information about common skills from the relationships between skills, occupations and regions.
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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.
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.
Confirmation of Payee (CoP) is a vital security measure adopted by financial institutions and payment service providers. Its core purpose is to confirm that the recipient’s name matches the information provided by the sender during a banking transaction, ensuring that funds are transferred to the correct payment account.
Confirmation of Payee was built to tackle the increasing numbers of APP Fraud and in the landscape of UK banking, the spectre of APP fraud looms large. In 2022, over £1.2 billion was stolen by fraudsters through authorised and unauthorised fraud, equivalent to more than £2,300 every minute. This statistic emphasises the urgent need for robust security measures like CoP. While over £1.2 billion was stolen through fraud in 2022, there was an eight per cent reduction compared to 2021 which highlights the positive outcomes obtained from the implementation of Confirmation of Payee. The number of fraud cases across the UK also decreased by four per cent to nearly three million cases during the same period; latest statistics from UK Finance.
In essence, Confirmation of Payee plays a pivotal role in digital banking, guaranteeing the flawless execution of banking transactions. It stands as a guardian against fraud and misallocation, demonstrating the commitment of financial institutions to safeguard their clients’ assets. The next time you engage in a banking transaction, remember the invaluable role of CoP in ensuring the security of your financial interests.
For more details, you can visit https://technoxander.com.
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Discover the Future of Dogecoin with Our Comprehensive Guidance36 Crypto
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[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
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An accounting information system (AIS) refers to tools and systems designed for the collection and display of accounting information so accountants and executives can make informed decisions.
How to Invest in Cryptocurrency for Beginners: A Complete GuideDaniel
Cryptocurrency is digital money that operates independently of a central authority, utilizing cryptography for security. Unlike traditional currencies issued by governments (fiat currencies), cryptocurrencies are decentralized and typically operate on a technology called blockchain. Each cryptocurrency transaction is recorded on a public ledger, ensuring transparency and security.
Cryptocurrencies can be used for various purposes, including online purchases, investment opportunities, and as a means of transferring value globally without the need for intermediaries like banks.
2. Table of Contents
Statement of Income and Expenses 3
Balance Sheet 4
Housing Ratio 1 5
Housing Ratio 2 6
Ratios Compared 7
Emergency Fund Ratio 8
Debt to Total Assets 9
Net Worth to Total Assets 10
Current Ratio 11
Monthly Payments 12
CFP Fees and Responsibility 13
Financial Record Keeping 14
Refinancing Your Home 15
Insurance 16
Settlement Options 17
2
5. Housing Ratio 1 displays the ratio of all Principle, Interest, Taxes,
and Insurance (PITI) that encompasses your salary. Simply put,
for every dollar you earn, about fifteen cents is dedicated to the
PITI. Housing Ratio 1 should never exceed 25%. Your housing
ratio 1 is far below the recommended limit of 25%.
14.81%
100%
Housing Ratio 1
HR 1
Salary
5
6. Housing Ratio 2 is composed of Housing Ratio 1 as well as
other monthly debt payments that include automobile loans,
student loans, bank loans, etc. Basically, Housing Ratio 2 costs
about $0.28 of each dollar you earn on a monthly salary.
Housing Ratio 2 should never exceed 36% of monthly salary.
Your housing ratio 2 is far below the recommended limit of 36%.
27.96%
100%
Housing Ratio 2
HR 2
Salary
6
7. This page displays the amount of money monthly
(percentage wise) that is spent on housing (analyzed in
two forms) and the amount of money monthly put into
savings. The savings ratio displayed here is not at an
adequate level considering you have three financial goals
that require a saving ratio of 15% or more.
14.81%
27.96%
10.67%
46.57%
Ratios
Housing Ratio
1
Housing Ratio
2
Savings Ratio
Total Salary
7
8. This is your Emergency Fund Ratio (E.F. Ratio). This displays how
many months worth of salary is saved in the instance that both
of you lose your income. You currently have a little over three
months worth saved at this point. The optimal amount to have
saved is between three to six months.
0%
100%
200%
300%
400%
500%
600%
6
Months
EF
Ratio
3
Months
600%
316.61% 300%
Emergency Fund Ratio
Emergency Fund
Ratio
8
9. This is a diagram that displays the total amount of debt you have to the
total amount of assets you own. Simply put, this is showing you that
over 55% of the total assets you is still owed to creditors. The 55% is
appropriate, even if it may seem to be relatively high. This ratio is
commonly high for younger people at or about 80%, where as it is
commonly low for those nearing retirement at or about 10%.
44.25%
55.75%
Debt to Total Assets
Total Assets
Debt
9
10. This chart is a complement to the previous chart, the Debt to
Total Assets chart. This chart is displaying the total amount of
net worth you have in comparison to the total amount of assets
you own. The percentage of debt from the previous chart added
to the percentage of net worth on this chart should equal to
100%.
44.25%
55.75%
Net Worth to Total
Assets Ratio
Net Worth
Total Assets
10
11. This chart shows the your ability to meet short-term obligations.
Your Current Ratio is at 40.81%. This is not good considering
that a larger current ratio implies more liquidity and may have a
greater ability to pay liabilities as they come due. The goal is to
have a current ratio that is greater than or equal to 1.
40.81%
59.19%
Current Ratio
Cash & Cash
Equivalents
Current
Liabilities
11
12. This chart displays the amount of money that is being spent on
your three highest expenses. Your highest expense is
discretionary expenses which include going out to eat, hobbies,
maid, etc. Discretionary expenses are expenses that you do not
need to spend money on in order to survive. Your second
highest expense is your vehicle payments and third highest is
credit card payments.
33.99%
3.29%
7.53%
55.19%
Monthly Payments
Discretionary
Cash Flow
Credit Card
Vehicle
Income
12
13. CFP Fees and
Responsibility
At this point I would like to address the concerns you mentioned in our initial
discussions. Specifically, you were uneasy about commission charges and some of
the stories you have heard regarding the financial services industry.
Unlike many “financial planners” in the financial services industry, I am a
Certified Financial Planner (CFP). There are a series of educational requirements
for becoming a CFP, the first of which is a bachelor’s degree. Following that, an
aspiring CFP must complete an educational program overseen by the CFP board. In
addition, they must pass the CFP examination after completing these programs.
Still, before a CFP can actually become certified, they must have at least two years
of experience helping people create financial plans. The CFP certification next to my
credentials means that I have met both the educational and experience
requirements, and am ready to help you with your financial plan.
There are a series of different licenses that allow a financial planner to work with
clients. The series 6 and 7 licenses allow a planner to receive compensation with
either a fee-based or commission-based fee structure. Many of your concerns about
planners with commission-based charges must be considered when dealing with
these type of licenses. You’ll notice I don’t have either one of these licenses
attached to my name. I hold a series 66 license, which mandates that its holder
receive fee-based compensation only. A licensee with a series 66 is not allowed to
charge based on commission. My license actually prevents me from working on
commission or directly selling you any type of securities, removing a major conflict of
interest. In addition, this license comes with a fiduciary requirement as a registered
investment advisor. Basically, this fiduciary requirement mandates that a financial
planner act with the client’s best interests in mind, rather than their own interests.
This requirement is backed and enforced by the CFP Board.
The horror stories you reference actually don’t involve true financial planners.
Unfortunately, the CFP designation is not well regulated at this time, so many can
legally claim to be financial planners without having actually completed the
requirements to become a CFP Professional. However, you can determine who the
real financial planners are by looking at the CFP designation and the licenses next
to their name. For example, I have the CFP designation and a Series 66 license,
which signals that not only am I an accredited CFP Professional, but I have a
fiduciary responsibility as a registered investment advisor.
Ultimately, most of your concerns are addressed by the requirements of my
accreditation and license. Becoming a CFP Professional requires an educational
requirement beyond a bachelor’s degree and an experience requirement of at least
two years of working directly with clients to create financial plans. The license I hold
requires me to put your interest firsts and will not allow me or any colleagues with
the same license to charge on commission. When it comes to your financial plan,
your needs will come first in every step of the process.
13
14. Financial Record
Keeping
Since you are concerned with financial record keeping, here are a few steps that should
help you organize and secure your confidential financial information:
1. Collect all your financial documents together and store them in an
accessible yet protected place. A fireproof safe would be an ideal location for
these documents. If you want to keep paperless records, set up a file system on
your computer (and back it up on a secured device).
2. Organize all financial information into separate files. Some suggested
examples for these files:
· Financial/legal advisors (names, contact information)
· Your financial goals – children’s college funds, retirement plan, and debt
repayment plan
· Bank accounts – include your savings, checking, and CD accounts here
· Investment information – investment portfolio information
· Information and documentation for personal use assets – everything listed
on the balance sheet under personal use assets (home, boat, vehicles, etc)
3. Take measures to protect your financial information from identity theft.
· Shred all documents before disposal.
· Do not carry around sensitive information (such as your Social Security
number) on your persons. Keep that information in a safe place at all times.
· Install antivirus software and keep your computer updated at all times to
protect electronic information.
· Use strong passwords to protect online information (use different
passwords for different accounts).
4. Update and recognize financial information periodically to reflect changes.
Source list:
http://personalfinanceinsider.com/financial-records-101-financial-
recordkeeping-made-easy/
http://www.forbes.com/sites/financialfinesse/2013/06/27/how-to-protect-your-
financial-privacy/
https://www.consumer.ftc.gov/articles/0272-how-keep-your-personal-
information-secure
14
15. Refinancing Your
Home
15 year
4.2% loan is $1391
per month
HR1: 12%
HR2: 25%
Savings Ratio:
10%
Lifetime Savings:
Over $150,000
30 year
4.6% loan is $951
per month
HR1: 8%
HR2: 21%
Savings Ratio:
18%
Lifetime Savings:
Over $60,000
Both of these options have their benefits and their
fallbacks. The 15 year option does increase the overall
monthly expense and does decrease the housing ratios
and savings ratio dramatically, but the lifetime savings
increase to $150,000. The 30 year option does
decrease the overall monthly expense and increase the
housing ratios and savings ratio, but the lifetime
savings will only be $60,000. FC CFP recommends
the 30 year option out of the two due to the increase in
the savings ratio (which would exceed the 15%
minimum recommendation) and it will still increase the
lifetime savings. Note: both monthly payments do not
include interest, taxes, and insurance.
15
16. Insurance
A split limit policy of $50k/$100k/$50 for liability
limits and $500 deductibles means that Mario and
Meredith are covered for up to a maximum of $50k
for bodily injury coverage per person, $100k for total
bodily injury coverage per accident, and $50k in
total property damage liability coverage per
accident.
Mario and Meredith will only have to pay the first
$500 in damages, the insurance company will cover
the rest, up to $50,000.
Having your home covered 100% of its actual cash
value and the replacement cost coverage means
that the house is completely covered in the event of
a loss or some kind of disaster.
16
17. Settlement Options
In regards to your last question; the Federal Deposit
Insurance Corporation (FDIC) recently raised the
standard insurance amount from $100,000 to $250,000
per depositor, per insured bank, for each account
ownership category. Meaning if you were to want to not
take any risks and put them in a savings or checking
account, you could open two individual accounts (one
for each of you) with $200,000 each, and one joint
account—at another bank—with $400,000; the FDIC
would insure the full $800,000.
FDIC insurance covers all deposit accounts, including:
· Checking accounts
· Savings accounts
· Money market deposit accounts
· Certificates of deposit
The FDIC does not cover investment products such as:
· Mutual Funds
· Annuities
· Life insurance policies
· Stocks
· Bonds
· Money Market Funds
It also does not cover any deposits at non-FDIC-
insured institutions.
17