The document outlines the main roadblocks to financial success, including lack of goals, ignorance, debt, poor investments, inflation, taxes, and procrastination. It also presents six keys to financial mastery: risk management, cash management, investment planning, tax planning, retirement planning, and estate planning. Each key emphasizes the importance of strategic planning and informed decision-making to achieve long-term financial security.

1. Stone Financial Retirement Planning Financial Mastery 101 By: Ken L. Stone

2. How Much Will You Make? Based a 6% annual Salary Increase

3. Gosh I ’ ve Got It Made, Right? If you earn 60,000 a year in just twenty years you will have earned $2,207,100. You ’ ll have plenty of money, RIGHT!

4. Road Blocks to Financial Success 7 Road Blocks No Goals Ignorance Debt Poor Investments Inflation Taxes Procrastination

5. Road Blocks To Financial Success No Goals The most common obstacle to financial success is not having any goals. With no goals you have no direction and no way of knowing if you ’ re on track. If you want a car, house, or to protect your family you MUST set goals.

6. Road Blocks to Financial Success Ignorance Many people of all educational levels lack basic understanding of how the financial world works and how to make their money work for them. Rule of 72 … If you place your money in an investment earning 9%, how long would it take to double your money? 72 divided by 9 equals 8

7. Road Blocks to Financial Success Debt Credit Card \ kred ’ -et kard\n.: 1. A means for buying something you don ’ t need, at a price you can ’ t afford, with money you don ’ t have. Outstanding Balance $2,000 Interest rate: 18% Minimum Payment 2.8% Interest cost over the loan Period $1,906 Payoff Period: Over 11 Years

8. Road Blocks to Financial Success Poor Investments work in reverse. They consume money and wealth. Beware of investments that promise everything. If it sounds too good to be true, it probably is.

9. Road Blocks to Financial Success Inflation If your money is not working for you, then it is losing ground due to inflation.

10. Road Blocks to Financial Success Taxes … The number of days you have to work just to pay your taxes.

11. Road Blocks to Financial Success Procrastination Some people never get around to planning for the future. “ Procrastination is my sin: It brings me constant sorrow. I really shouldn ’ t practice it; Perhaps I ’ ll stop tomorrow. ”

12. Comprehensive Wealth Management Six Keys to Financial Success

13. #1 Risk Management Protecting your assets and your earning power is easy to overlook when planning for the future

14. Risk Management Health Care Medicare Long-Term Care Disability Insurance Homeowners Insurance Automobile Insurance Liability Insurance Life Insurance

15. #2 Cash Management Cash Management involves optimizing your cash flow, building a liquidity fund, effectively positioning your available cash, and building your net worth.

16. Cash Management Asses your current situation. Month to Month Cash Management Liquidity Fund Traditional Savings Tax-deferred Savings Alternatives Tax-Advantage Savings Alternatives Refinance your Mortgage? Credit cards Four Ways to Increase your Savings Set goals Pay yourself first Arrange to have your savings deposited automatically Start saving now for retirement

17. #3 Investment Planning A major portion of your financial picture involves your personal investment plan. Unfortunately, without a coordinated strategy, it ’ s difficult to build an effective investment portfolio that meets your financial needs.

18. Investment Planning Determine your Investment Profile Evaluate the Risk Diversification Investment Options Stock Market Bonds Mutual Funds

19. #4 Tax Planning What is your Marginal Income Bracket? Reduced Benefit from Itemized Deductions. Taxing Children ’ s Income Winning With Tax Exempt Investments Tax Deferred Investing Tax Advantaged Investing Tax Planning Opportunities

20. #5 Retirement Planning An Effective retirement plan identifies your retirement goals, show you how to take advantage of all your funding sources, and accounts for the effects of taxes and inflation.

21. Retirement Planning Retirement Income Where does it come from? Cost of Retirement Cost of Procrastination Sources of Retirement Income Types of retirement Plans Personal Savings & Investments IRA Rollover Distribution Methods

22. #6 Estate Planning With Federal Taxes running 50-75 %, estate planning is more important than ever. A proper plan can help manage your affairs and reduce taxes paid by your heirs.

23. Estate Planning Find an Attorney Tax Reduction Tools Estate Distribution Techniques Establish a Trust if needed Types of Trusts

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