Albion Financial Group Senior Wealth Advisors Sarah Bird, CFP and Liz Bernhard, CFP, MBA work with clients to ensure their financial concerns are addressed in an integrated fashion, that pieces of their overall plan are working in concert, and that tactical changes to investment portfolios are made to stay on track toward each client’s goals.

1. Financial Wellness Check-Up
Know Your Numbers

2. Liz Bernhard, CFP®, MBA Sarah Bird, CFP®
Senior Wealth Advisor
CERTIFIED FINANCIAL PLANNER™
Nine Years with Albion Financial Group
Senior Wealth Advisor
CERTIFIED FINANCIAL PLANNER™
Nineteen Years with Albion Financial Group
Presenters

3.  Balance Sheet
 Cash Flow Statement & Budgeting
 Review Insurance
 Investments & Asset Allocation
 Taxation
 Retirement
 Estate Planning
Financial Check-Up Areas

4. Is a financial check-up needed?

5.  Gather a list of all of your assets
 Include current balances held in bank and investment accounts
 Include equity held in real estate
 Make a list of all of your liabilities
 Note outstanding balances on mortgages, cars loans, etc.
 Monthly consumer debt payments should not exceed 15% of take
home pay.
 Monthly mortgage payments including principle, interest, taxes and
insurance should not exceed 28% of gross income.
 Monthly payments on all debt should not exceed 36% of monthly
gross income.
 Subtract the liability figure from the asset figure to calculate your net worth
Personal Balance Sheet

6. Example of a Personal Balance Sheet

7. Cash Flow Statement & Budgeting

8.  Life and Disability Insurance
 Review your coverage periodically with a financial professional
to determine appropriateness.
 Long-Term Care Insurance
 Do you have a plan in place for your care as you age?
 Are you self-insured? Should you consider looking into long-
term care insurance?
 Property and Casualty Insurance
 Is your current coverage adequate? It may be necessary to
increase replacement cost as property values increase.
 Do you have adequate liability insurance?
 Health Insurance
 Understand your deductible, out of pocket maximum and co-pay
amounts.
Review Insurance Coverage

9. Investments & Asset Allocation
Source: Quantitative Analysis of Investor Behavior by Dalbar, Inc. (March 2014)
Average investor realizes only a bit more than half the return of the market

10. Three Taxable Buckets
Taxable Non-TaxableTax Deferred
 Checking Accounts
 Savings Accounts
 Personal or Joint
Investment Accounts
 Trust Accounts
 Traditional 401(k)
 Traditional IRAs
 Qualified Retirement
Plans
 Annuities
 Roth 401(k)
 Roth IRAs

11. Tax Bracket Management
$0 - $19,050 10.0% Under age 50
$19,050 - $77,400 12.0% Married Filing Jointly Age 50 and over
$77,400 - $165,000 22.0% 0.0%
$165,000 - $315,000 24.0% 15.0%
$315,000 - $400,000 32.0% 20.0%
$400,000 - $600,000 35.0% Head of Household Married filing jointly
Over $600,000 37.0% 0.0% Head of Household or
15.0% Spousal IRA
20.0%
$0 - $13,600 10.0% Single
$13,600 - $51,800 12.0% 0.0% Married filing jointly
$51,800 - $82,500 22.0% 15.0% Head of Household or
$82,500 - $157,500 24.0% 20.0%
$157,500 - $200,000 32.0%
$200,000 - $500,000 35.0% Standard Deduction Up to 25% of compen
Over $500,000 37.0% Married filing jointly $24,000 Earnings to participate
Head of Household $18,000
Single $12,000
$0 - $9,525 10.0% 401(k), 403(b), 457, SA
$9,525 - $38,700 12.0% Age 50 and over
$38,700 - $82,500 22.0%
$82,500 - $157,500 24.0% Under age 50
$157,500 - $200,000 32.0% Age 50 and over
$200,000 - $500,000 35.0% 0.9%
Over $500,000 37.0%
3.8% Under age 50
Age 50 and over
Head of Household
Single
Estates and Trusts
Phase-out for Roth
Phase-out for dedu
for qualified plan p
SEP IRA contributio
Married Filing Jointly IRA and Roth contrLong-term capital gains &
qualified dividends
Over $452,400
$0 - $38,600
$38,600 -$425,800
$0 - $77,200
$77,200 - $479,000
Over $479,000
$0 - $51,700
$51,700 - $452,400
Tax Brackets for 2018 Other Tax Related Information
Total contributions fro
Additional Medicare tax where
income
exceeds $200,000, or $250,000
Additional tax on excess earned income
Additional tax on net investment income
Qualified plan cont
Simple IRA contribu
Over $425,800

12. Retirement
How much should I save for retirement?
*The 10x savings rules of thumb are developed assuming age-based asset allocations consistent with the equity glide path of a typical target
date retirement fund, a 15% savings rate, a 1.5% constant real wage growth, a retirement age of 67, and a planning age through 92. The
replacement annual income target is defined as 45% of preretirement annual income and assumes no pension income. This target is based on
Consumer Expenditure Survey 2011 (BLS), Statistics of Income 2011 Tax Stat, IRS 2014 tax brackets, and Social Security Benefit Calculators.*

13. Retirement
How much income will need to be replaced in
retirement?

14.  Will
 Where would you like your assets to go upon your death?
 Who would you like to be the guardian for any minor children in the
event of your death?
 Power of Attorney for Finances and Health Care
 Who would you like to make financial decisions and/or health care
decisions for you if you are unable to do so?
 Beneficiary Designations
 Ensure beneficiary designations are in line with your estate plan and
personal desires.
 Medical Directive
 What life sustaining measures would you like to have?
Estate Planning Documents

15.  #NetWorth
 #Budget
 #RiskTransfer
 #AssetAllocation #Fees
 #Buckets
 #15% #10x
 #RIPWishes
Know Your Numbers

16. Albion Financial Group guides a diverse
group of clients toward achievement of
their financial goals.
We do this by combining client specific
investment management with ongoing
guidance to help clients make a series
of good financial decisions over long
periods of time.
We measure success by the financial
success of our clients.
Mission Statement

17. (801) 487-3700
info@albionfinancial.com
812 East 2100 South, Salt Lake City, UT 84106
www.albionfinancial.com
Compliance Disclosure
Investing in securities is subject to a number of risks and is not suitable for all investors. Investors should carefully consider their investment objectives,
risk tolerance, financial situation, and other information before investing. Additionally, the financial planning process is a great tool for providing clarity
regarding your financial life, however this process cannot provide certainty.