Retirement planning is important because Social Security alone will not provide enough income for a comfortable retirement. It is essential to start saving as early as possible because small monthly contributions can grow significantly over time with compound interest. Even saving a few hundred dollars per month can result in hundreds of thousands of savings by retirement. Employer retirement plans make saving automatic and contribute to lower taxes, and some employers offer matching contributions. For investments to beat inflation, a long-term passive approach with diversified global funds is recommended over trying to time the market or relying solely on active fund managers. Emotions can interfere with sticking to a savings plan, so it is best to develop a personal roadmap and avoid making decisions based on rising and falling stock
Northwestern Mutual provides a hypothetical example showing how an unexpected long-term care event can jeopardize retirement savings and income. The example shows a couple retiring at age 65 with $7 million in savings, but one spouse needing long-term care starting at age 80. Without long-term care insurance, their savings would be depleted by age 87, leaving no income or assets. With long-term care insurance, their $4 million in remaining savings would last until death. The document emphasizes that long-term care costs are often overlooked but can strain finances and family if not planned for.
Brett Cranson held a financial seminar covering various topics to help attendees reduce debt, budget planning, and reach financial goals. The seminar discussed the differences between good and bad debt, how to pay down credit card debt and create a budget. It also covered saving strategies like RRSPs, TFSAs, RESPs and when to consider life and critical illness insurance. The overall seminar provided guidance on developing both short and long-term financial plans.
This document provides an introduction to superannuation. It discusses what superannuation is, why we need compulsory super, and the benefits of saving through super such as tax advantages. It emphasizes that starting contributions early and maximizing returns can make a big difference to the total amount saved by retirement. The document recommends seeking professional financial advice to understand options and strategies for one's personal situation.
The document contains a homework assignment with 5 multiple choice questions regarding financial concepts such as loan amortization, interest rates, present and future value, and calculating savings needed for college tuition. Key details include how interest rates and time periods impact loan payments, the effective annual rate difference between two loan offers, using the future value and present value formulas to calculate savings amounts, and determining the annual savings needed to cover increasing college costs.
This document provides an overview and summary of a company pension scheme presentation. It discusses why employees should save for retirement now rather than delaying, as life expectancies are increasing and state pensions may not provide enough income. It outlines the sources of retirement income and describes the company pension scheme being presented, including how much employees can contribute, the investment fund options, and how benefits can be taken at retirement.
Creating and Protecting Retirement Income_ Finding Income in Unexpected Place...Steve Stanganelli
Planning for retirement takes more than simply saving or a buy and hold approach to investing. This presentation provides practical tips on how to plan for your income needs and turn your portfolio into a sustainable cash flow machine. By using diversified portfolios that include alternative income sources, you can help protect your investments from inflation. By having a plan for withdrawing money, you can help protect yourself from running out of it.
This document provides an overview of the first class in a series of 6 classes on personal finance called "MONEY MATTERS". The class covers calculating monthly income, determining deductions, and preparing a budget. Key points include listing sources of income, applying rules to calculate monthly amounts, identifying required and voluntary deductions on a pay stub, and using income and expense information to create a budget and financial plan. The class aims to help participants better understand and take control of their financial situation.
The document discusses various retirement planning strategies such as investing in stocks, bonds, mutual funds, IRAs and 401(k)s. It provides details on contribution limits for traditional and Roth IRAs and how much individuals can contribute each year depending on income and age. The effects of starting retirement savings early versus late are shown through hypothetical investment scenarios over 30 years with different annual returns.
Northwestern Mutual provides a hypothetical example showing how an unexpected long-term care event can jeopardize retirement savings and income. The example shows a couple retiring at age 65 with $7 million in savings, but one spouse needing long-term care starting at age 80. Without long-term care insurance, their savings would be depleted by age 87, leaving no income or assets. With long-term care insurance, their $4 million in remaining savings would last until death. The document emphasizes that long-term care costs are often overlooked but can strain finances and family if not planned for.
Brett Cranson held a financial seminar covering various topics to help attendees reduce debt, budget planning, and reach financial goals. The seminar discussed the differences between good and bad debt, how to pay down credit card debt and create a budget. It also covered saving strategies like RRSPs, TFSAs, RESPs and when to consider life and critical illness insurance. The overall seminar provided guidance on developing both short and long-term financial plans.
This document provides an introduction to superannuation. It discusses what superannuation is, why we need compulsory super, and the benefits of saving through super such as tax advantages. It emphasizes that starting contributions early and maximizing returns can make a big difference to the total amount saved by retirement. The document recommends seeking professional financial advice to understand options and strategies for one's personal situation.
The document contains a homework assignment with 5 multiple choice questions regarding financial concepts such as loan amortization, interest rates, present and future value, and calculating savings needed for college tuition. Key details include how interest rates and time periods impact loan payments, the effective annual rate difference between two loan offers, using the future value and present value formulas to calculate savings amounts, and determining the annual savings needed to cover increasing college costs.
This document provides an overview and summary of a company pension scheme presentation. It discusses why employees should save for retirement now rather than delaying, as life expectancies are increasing and state pensions may not provide enough income. It outlines the sources of retirement income and describes the company pension scheme being presented, including how much employees can contribute, the investment fund options, and how benefits can be taken at retirement.
Creating and Protecting Retirement Income_ Finding Income in Unexpected Place...Steve Stanganelli
Planning for retirement takes more than simply saving or a buy and hold approach to investing. This presentation provides practical tips on how to plan for your income needs and turn your portfolio into a sustainable cash flow machine. By using diversified portfolios that include alternative income sources, you can help protect your investments from inflation. By having a plan for withdrawing money, you can help protect yourself from running out of it.
This document provides an overview of the first class in a series of 6 classes on personal finance called "MONEY MATTERS". The class covers calculating monthly income, determining deductions, and preparing a budget. Key points include listing sources of income, applying rules to calculate monthly amounts, identifying required and voluntary deductions on a pay stub, and using income and expense information to create a budget and financial plan. The class aims to help participants better understand and take control of their financial situation.
The document discusses various retirement planning strategies such as investing in stocks, bonds, mutual funds, IRAs and 401(k)s. It provides details on contribution limits for traditional and Roth IRAs and how much individuals can contribute each year depending on income and age. The effects of starting retirement savings early versus late are shown through hypothetical investment scenarios over 30 years with different annual returns.
This document provides an overview of retirement planning and considerations. It discusses starting retirement planning early, estimating expenses and income, identifying savings goals, using tax-advantaged accounts like 401ks and IRAs, factors like inflation, diversifying investments, and protecting against risks with insurance. The key aspects are starting retirement planning as soon as possible, crunching numbers to calculate savings needs, and implementing a long-term strategy using various savings vehicles and accounts.
The document provides 5 questions to ask yourself 5 years before retirement to help envision your retirement lifestyle and needs:
1. Where will you live and how will location impact costs of housing, taxes, proximity to family, and availability of work?
2. What activities will fill your time and how will those impact your budget as some are more expensive than others?
3. How will you want to live in terms of lifestyle - frugally or lavishly?
4. How long do you expect to live and plan finances accordingly rather than just average life expectancy?
5. What unexpected life events like health problems, family issues, economic downturns or disasters might impact your finances? Advanced
This document provides information about financial planning and investments. It discusses the importance of having liquid reserves, different types of investments including fixed and variable options, and factors to consider like risk, return, and taxes. It also covers retirement planning, comparing qualified versus non-qualified options, and how to structure investments for a tax-favored alternative retirement plan using universal life insurance. The key ideas are financial security, diversification, and maximizing returns while minimizing taxes and risks.
Americans are very generous. Donors continue to give just not through the church any more. Today donors are giving directly to organizations that are demonstrating impact and effectiveness in the cause they care about.
Real estate sales in Victoria were steady in June 2011 compared to May 2011 and June 2010. Total home sales were 618 in June 2011, up slightly from 572 in May 2011 but close to the 625 sales in June 2010. While overall sales so far in 2011 are down 21% from the same period in 2010, activity has returned to levels seen a year ago. Home inventory continued to increase in June 2011 and is now 7% higher than June 2010 levels. The average price of single-family homes in Greater Victoria rose slightly in June 2011 while condominium and townhome prices declined on average.
Advised households have substantially more investable assets than non-advised households across all income levels and age groups. For example, advised households earning $35,000 to $55,000 had nearly 5 times the investable assets of non-advised households in the same income bracket. Financial advisors provide valuable planning, guidance on asset allocation, and help clients choose appropriate investment vehicles to achieve their financial targets. The results of this study show that financial advice adds significant value for households.
This document provides 5 questions to ask yourself 5 years before retirement to help envision your retirement lifestyle and needs:
1. Where will you live? Consider housing costs, proximity to family, employment opportunities, and general location preferences.
2. What will you do? Consider if activities will generate income or expenses, such as travel, hobbies, volunteering, or starting a business.
3. How well will you live? Will your lifestyle be simple and low-cost or more extravagant if funds allow.
4. How long do you expect to live? Plan for longevity to age 95-100 since individual life expectancy is unpredictable.
5. What surprises may occur? Consider
The secret to understanding planned givingRussell James
Planned giving can lower taxes and provide income to donors by allowing them to trade gifts for tax benefits and lifetime payments. However, planned giving options often seem complex, involving charitable gift annuities, charitable remainder trusts, and pooled income funds. In reality, planned giving only does two things: lower taxes and trade gifts for income. The document provides an overview of various planned giving vehicles and how they accomplish these two objectives. It aims to simplify an area that nonprofits, donors and financial advisors should understand and use to benefit charities and clients.
The document discusses the benefits of working with a Registered Investment Advisor (RIA) over a registered representative, noting that RIAs are fiduciaries legally bound to put clients' interests first, they provide personalized financial advice through long-term relationships focused on clients' goals, and they are typically paid through flat or asset-based fees to avoid conflicts of interest unlike commission-based registered representatives.
Market timing involves trying to identify the best times to invest in or withdraw from the market. While it can potentially generate high returns, it also risks missing out on the market's best-performing periods. For most individual investors, a buy-and-hold strategy of regularly investing over the long run may have better outcomes. Buy-and-hold still requires periodic checkups to ensure the portfolio matches one's goals and risk tolerance as needs change over time. Time in the market, rather than trying to time the market, is generally the best approach for non-professional investors.
This document discusses helping a client achieve their financial goals and prepare for retirement. It addresses where the client is in the process of change by asking them four questions: What they want to happen, what needs to happen, if they can make the change, and if they are committed to making the change. The document also discusses the stages of change model including pre-contemplation, contemplation, preparation, action, and maintenance in order to understand where the client is currently at and how to motivate them going forward. The overall purpose is to help the client progress toward their financial goals and retirement.
This document discusses strategies for building better retirement portfolios. It outlines risks retirees face like inflation, longevity, lifestyle changes, and market volatility. Traditional fixed income approaches are unlikely to hedge inflation well. Instead, it recommends a total return portfolio strategy using a mix of stocks, bonds, and cash to potentially provide higher returns, manage withdrawals, and reduce volatility through diversification. Maintaining cash reserves and periodically rebalancing can help generate steady income and manage emotions.
The document discusses changes to Social Security benefits for married couples and divorced individuals under the Bipartisan Budget Act of 2015. Specifically, it phases out the "file and suspend" and "restricted application" strategies that allowed high-earning spouses to receive spousal benefits even if their own benefit was higher. However, these strategies can still be used if certain criteria are met. The document provides guidance on taking advantage of the strategies before they are fully phased out and emphasizes the importance of coordinating with a spouse or financial advisor on Social Security claiming strategies.
The document outlines key features and reforms of the Affordable Care Act implemented between 2012-2014, including linking Medicare payments to quality outcomes, establishing Accountable Care Organizations, expanding preventive care coverage, prohibiting discrimination based on pre-existing conditions, establishing health insurance exchanges, and expanding access to Medicaid.
There are a number of different methods of calculating investment return, depending on what you’re trying to measure. Perhaps the most basic is total return, which is simply an investment’s ending balance expressed as a percent of its beginning balance. Total return includes capital appreciation and income components; it assumes all income distributions are reinvested. To annualize total return, you’ll need to calculate the compound annual return, which generally requires using a financial calculator. It’s important to keep in mind that you need a greater percentage gain after a losing year in order to break even on your investment.
More discussion of this when blog posts 22 Feb 2017 http://wp.me/p2Oizj-Hk
The document discusses why it is important to hire a financial advisor to help guide financial planning and decision making. It states that while individuals can research financial topics online, advisors understand how different factors interact and can create a full picture of someone's financial situation to develop an appropriate plan. The document also notes that the planning process involves more than just investments, and that finding the right advisor requires taking the time to understand their services and fees.
This document discusses the myth that when markets are declining, it means there are more sellers than buyers. It explains that every transaction requires both a buyer and seller, and the price is set by where buyers are willing to purchase at and where sellers are willing to sell. When prices decline, it just means there are more sellers willing to sell at a lower price than buyers are willing to pay at that time. The document aims to bust this myth by explaining the duality of transactions and price discovery process.
See how the US returns stack up against those of markets in other countries - surprising to you how often the US is NOT at the top?
To be discussed in blog post scheduled for 13 Jan 2016 http://wp.me/p2Oizj-Ej
1) Interest rates around the world are at historic lows and central banks have taken extraordinary measures to stimulate economies and hold down rates since the 2008 financial crisis.
2) Many investors are concerned about what will happen to bond portfolios as central banks eventually raise rates to more normal levels, but it is difficult to predict interest rate movements and bonds can still provide diversification benefits in a portfolio.
3) Studies of past periods of rising interest rates found that in some cases, longer-term bonds actually outperformed shorter-term bonds, and bonds generally had positive returns, contradicting the view that they always lose money when rates rise.
Morningstar ratings do not reliably predict future fund performance. Funds with 5-star ratings from 2006 tended to underperform relative to lower-rated funds in subsequent years. Similarly, high Sharpe ratios from 2002-2006 did not correlate with strong performance in later periods. Past performance also generally failed to persist - top-performing funds from 1997-2006 often underperformed in 2007-2011 compared to benchmarks like the S&P 500 index. Across large and small value funds, most previous top performers went on to trail their respective Russell index in the following 5-10 years. Star ratings, risk-adjusted returns, and prior raw returns all showed little predictive power regarding future mutual fund success.
Zurich Life Investment Principles document makes the following key points in 3 sentences:
1) Relying solely on Mandatory Provident Fund benefits for retirement may not provide sufficient income, as contributions starting at age 25 only provide 4 years' worth of income, age 40 provides 2.5 years, and age 55 provides 1 year.
2) Long-term investments of $2,000 per month can significantly grow over 30 years, with returns of 3% yielding over $1 million, 6% over $1.9 million, and 9% over $3.4 million.
3) Beginning investments earlier through dollar cost averaging reduces risk by purchasing more shares when prices are low and fewer
This document provides an overview of retirement planning and considerations. It discusses starting retirement planning early, estimating expenses and income, identifying savings goals, using tax-advantaged accounts like 401ks and IRAs, factors like inflation, diversifying investments, and protecting against risks with insurance. The key aspects are starting retirement planning as soon as possible, crunching numbers to calculate savings needs, and implementing a long-term strategy using various savings vehicles and accounts.
The document provides 5 questions to ask yourself 5 years before retirement to help envision your retirement lifestyle and needs:
1. Where will you live and how will location impact costs of housing, taxes, proximity to family, and availability of work?
2. What activities will fill your time and how will those impact your budget as some are more expensive than others?
3. How will you want to live in terms of lifestyle - frugally or lavishly?
4. How long do you expect to live and plan finances accordingly rather than just average life expectancy?
5. What unexpected life events like health problems, family issues, economic downturns or disasters might impact your finances? Advanced
This document provides information about financial planning and investments. It discusses the importance of having liquid reserves, different types of investments including fixed and variable options, and factors to consider like risk, return, and taxes. It also covers retirement planning, comparing qualified versus non-qualified options, and how to structure investments for a tax-favored alternative retirement plan using universal life insurance. The key ideas are financial security, diversification, and maximizing returns while minimizing taxes and risks.
Americans are very generous. Donors continue to give just not through the church any more. Today donors are giving directly to organizations that are demonstrating impact and effectiveness in the cause they care about.
Real estate sales in Victoria were steady in June 2011 compared to May 2011 and June 2010. Total home sales were 618 in June 2011, up slightly from 572 in May 2011 but close to the 625 sales in June 2010. While overall sales so far in 2011 are down 21% from the same period in 2010, activity has returned to levels seen a year ago. Home inventory continued to increase in June 2011 and is now 7% higher than June 2010 levels. The average price of single-family homes in Greater Victoria rose slightly in June 2011 while condominium and townhome prices declined on average.
Advised households have substantially more investable assets than non-advised households across all income levels and age groups. For example, advised households earning $35,000 to $55,000 had nearly 5 times the investable assets of non-advised households in the same income bracket. Financial advisors provide valuable planning, guidance on asset allocation, and help clients choose appropriate investment vehicles to achieve their financial targets. The results of this study show that financial advice adds significant value for households.
This document provides 5 questions to ask yourself 5 years before retirement to help envision your retirement lifestyle and needs:
1. Where will you live? Consider housing costs, proximity to family, employment opportunities, and general location preferences.
2. What will you do? Consider if activities will generate income or expenses, such as travel, hobbies, volunteering, or starting a business.
3. How well will you live? Will your lifestyle be simple and low-cost or more extravagant if funds allow.
4. How long do you expect to live? Plan for longevity to age 95-100 since individual life expectancy is unpredictable.
5. What surprises may occur? Consider
The secret to understanding planned givingRussell James
Planned giving can lower taxes and provide income to donors by allowing them to trade gifts for tax benefits and lifetime payments. However, planned giving options often seem complex, involving charitable gift annuities, charitable remainder trusts, and pooled income funds. In reality, planned giving only does two things: lower taxes and trade gifts for income. The document provides an overview of various planned giving vehicles and how they accomplish these two objectives. It aims to simplify an area that nonprofits, donors and financial advisors should understand and use to benefit charities and clients.
The document discusses the benefits of working with a Registered Investment Advisor (RIA) over a registered representative, noting that RIAs are fiduciaries legally bound to put clients' interests first, they provide personalized financial advice through long-term relationships focused on clients' goals, and they are typically paid through flat or asset-based fees to avoid conflicts of interest unlike commission-based registered representatives.
Market timing involves trying to identify the best times to invest in or withdraw from the market. While it can potentially generate high returns, it also risks missing out on the market's best-performing periods. For most individual investors, a buy-and-hold strategy of regularly investing over the long run may have better outcomes. Buy-and-hold still requires periodic checkups to ensure the portfolio matches one's goals and risk tolerance as needs change over time. Time in the market, rather than trying to time the market, is generally the best approach for non-professional investors.
This document discusses helping a client achieve their financial goals and prepare for retirement. It addresses where the client is in the process of change by asking them four questions: What they want to happen, what needs to happen, if they can make the change, and if they are committed to making the change. The document also discusses the stages of change model including pre-contemplation, contemplation, preparation, action, and maintenance in order to understand where the client is currently at and how to motivate them going forward. The overall purpose is to help the client progress toward their financial goals and retirement.
This document discusses strategies for building better retirement portfolios. It outlines risks retirees face like inflation, longevity, lifestyle changes, and market volatility. Traditional fixed income approaches are unlikely to hedge inflation well. Instead, it recommends a total return portfolio strategy using a mix of stocks, bonds, and cash to potentially provide higher returns, manage withdrawals, and reduce volatility through diversification. Maintaining cash reserves and periodically rebalancing can help generate steady income and manage emotions.
The document discusses changes to Social Security benefits for married couples and divorced individuals under the Bipartisan Budget Act of 2015. Specifically, it phases out the "file and suspend" and "restricted application" strategies that allowed high-earning spouses to receive spousal benefits even if their own benefit was higher. However, these strategies can still be used if certain criteria are met. The document provides guidance on taking advantage of the strategies before they are fully phased out and emphasizes the importance of coordinating with a spouse or financial advisor on Social Security claiming strategies.
The document outlines key features and reforms of the Affordable Care Act implemented between 2012-2014, including linking Medicare payments to quality outcomes, establishing Accountable Care Organizations, expanding preventive care coverage, prohibiting discrimination based on pre-existing conditions, establishing health insurance exchanges, and expanding access to Medicaid.
There are a number of different methods of calculating investment return, depending on what you’re trying to measure. Perhaps the most basic is total return, which is simply an investment’s ending balance expressed as a percent of its beginning balance. Total return includes capital appreciation and income components; it assumes all income distributions are reinvested. To annualize total return, you’ll need to calculate the compound annual return, which generally requires using a financial calculator. It’s important to keep in mind that you need a greater percentage gain after a losing year in order to break even on your investment.
More discussion of this when blog posts 22 Feb 2017 http://wp.me/p2Oizj-Hk
The document discusses why it is important to hire a financial advisor to help guide financial planning and decision making. It states that while individuals can research financial topics online, advisors understand how different factors interact and can create a full picture of someone's financial situation to develop an appropriate plan. The document also notes that the planning process involves more than just investments, and that finding the right advisor requires taking the time to understand their services and fees.
This document discusses the myth that when markets are declining, it means there are more sellers than buyers. It explains that every transaction requires both a buyer and seller, and the price is set by where buyers are willing to purchase at and where sellers are willing to sell. When prices decline, it just means there are more sellers willing to sell at a lower price than buyers are willing to pay at that time. The document aims to bust this myth by explaining the duality of transactions and price discovery process.
See how the US returns stack up against those of markets in other countries - surprising to you how often the US is NOT at the top?
To be discussed in blog post scheduled for 13 Jan 2016 http://wp.me/p2Oizj-Ej
1) Interest rates around the world are at historic lows and central banks have taken extraordinary measures to stimulate economies and hold down rates since the 2008 financial crisis.
2) Many investors are concerned about what will happen to bond portfolios as central banks eventually raise rates to more normal levels, but it is difficult to predict interest rate movements and bonds can still provide diversification benefits in a portfolio.
3) Studies of past periods of rising interest rates found that in some cases, longer-term bonds actually outperformed shorter-term bonds, and bonds generally had positive returns, contradicting the view that they always lose money when rates rise.
Morningstar ratings do not reliably predict future fund performance. Funds with 5-star ratings from 2006 tended to underperform relative to lower-rated funds in subsequent years. Similarly, high Sharpe ratios from 2002-2006 did not correlate with strong performance in later periods. Past performance also generally failed to persist - top-performing funds from 1997-2006 often underperformed in 2007-2011 compared to benchmarks like the S&P 500 index. Across large and small value funds, most previous top performers went on to trail their respective Russell index in the following 5-10 years. Star ratings, risk-adjusted returns, and prior raw returns all showed little predictive power regarding future mutual fund success.
Zurich Life Investment Principles document makes the following key points in 3 sentences:
1) Relying solely on Mandatory Provident Fund benefits for retirement may not provide sufficient income, as contributions starting at age 25 only provide 4 years' worth of income, age 40 provides 2.5 years, and age 55 provides 1 year.
2) Long-term investments of $2,000 per month can significantly grow over 30 years, with returns of 3% yielding over $1 million, 6% over $1.9 million, and 9% over $3.4 million.
3) Beginning investments earlier through dollar cost averaging reduces risk by purchasing more shares when prices are low and fewer
1) The document discusses Primerica's goals to expand from 27 offices in the Valley to 10% market share nationally with 20,000 offices and 200 offices in Arizona.
2) It provides an example of how Primerica's services could help eliminate a couple's debt, lower their insurance costs, and increase their retirement savings.
3) The document outlines Primerica's services around debt elimination, insurance, investments, and how becoming an agent or leader within Primerica provides multiple streams of potential income.
The document discusses the power of compound interest and long-term investing for building wealth. It provides examples showing that starting to invest early and doing so regularly, even with small amounts, can result in having over $1 million by retirement age. Small daily sacrifices, such as skipping a coffee shop latte, can fund an investment that grows substantially over decades through compound interest.
Greg Poulsen, vice president of strategy for Intermountain Healthcare, gave the Salt Lake Chamber Capitol Club an inside look at the federal healthcare bill and the effect it will have on reform efforts in Utah.
The document discusses Primerica, a financial services company, and how it offers consumers various financial products and services. It notes that Primerica has over 100,000 representatives and markets products to middle-income consumers. The document also discusses the importance of debt elimination and having adequate life insurance and retirement savings.
The Real Truth About Money
1. Never Pay More Tax Than You Have To
2. Never Lose Money
3 Never Stop Compounding Your Money
4 The Shocking Truth About Retirement Plans
On January 10th, Auburn’s Center for the Study of Theological Education hosted a webinar for financial aid officers, admissions staff and student personnel at theological schools on the latest government regulations for income-based repayment plans for federal educational loans. This information will assist financial aid officers and others who counsel students and recent graduates in repayment options as they move into ministry.
A non-political, mathematical dive into the U.S. Budget gave me a clearer view of a key hidden cause, and the path toward a surprisingly easy fix. Here is what I found.
This document provides several concise ways to teach personal finance concepts through examples and calculations. It explains that saving $4,000 per year from ages 16 to 20 with a 10% annual return can result in $1 million by age 65. It also uses the rule of 72 to show how investment amounts can double over time based on interest rates. Additional examples demonstrate the benefits of starting to save and invest early, as well as the advantages of tax-deferred retirement accounts over regular savings. Diversifying investments across multiple areas is also emphasized as a risk reduction strategy.
This document summarizes a marketing presentation for a financial services company called HBW. It promotes HBW's products like life insurance, annuities, and trusts which help build wealth. It highlights the growth opportunity in the industry given an aging population. Representatives can earn income from commissions on sales and build a business part or full-time with competitive products and support.
This document discusses building financial freedom through residual income using a network marketing model. It argues that the traditional career and retirement model is flawed and most people will not save enough for a comfortable retirement. It then presents the Four-Year Career Plan which aims to build enough residual income over four years through network marketing to provide financial security for decades. The plan involves choosing a product-based company, sponsoring others who also sponsor and sell products, in order to build an organization that generates ongoing monthly residual income even with minimal ongoing work.
This document discusses the importance of saving and financial planning for retirement. It notes that most Americans are not financially secure in retirement, with the median household income of retirees being only $29,000. It emphasizes three key factors for financial planning: time to allow savings to grow, rate of return on investments, and taxes. It argues that traditional stock market investments are risky and often do not keep pace with inflation and taxes over long periods. The document promotes an alternative investment strategy that claims to offer market-based returns with no risk of loss of principal, tax-deferred growth, tax-free withdrawals, and liquidity. It suggests such a strategy could help people achieve financial security for retirement.
This document discusses the importance of saving and financial planning for retirement. It notes that most Americans are not financially prepared for retirement, with the median household income of retirees being only $29,000. It emphasizes three important factors for financial planning: time to allow savings to grow, rate of return on investments, and taxes. It argues that traditional stock market investments are risky and often do not keep pace with inflation and taxes over long periods. The document promotes an alternative investment strategy that claims to offer market-based returns with no risk of loss of principal, tax-deferred growth, tax-free withdrawals, and liquidity. It suggests that such a strategy could be very beneficial for retirement planning.
Public Service Loan Forgiveness November 2011Alisa Rosales
The document provides information about two federal student loan repayment programs: Public Service Loan Forgiveness and Income-Based Repayment. It summarizes the key eligibility requirements and benefits of each program, including that Public Service Loan Forgiveness forgives the remaining loan balance after 120 qualifying monthly payments over 10 years for borrowers working in public service jobs, while Income-Based Repayment forgives any remaining balance after 25 years of repayment for all eligible borrowers. It also discusses factors that determine repayment amounts under Income-Based Repayment and lists resources for more information.
Retirement Planning- Case studyPart 1A) SMART Goal Setting.docxronak56
Retirement Planning- Case study
Part 1
A) SMART Goal Setting
Specific
What: They should to achieve debt freedom and save enough money before age 65. They supposed to decrease his daily expense to save more money, to pay off the current loan and some credit debts. Then they need to start RESPs for their children.
Why: Their Net cash flow was negative, it means they have more expense than income. They must find a way to solve these problem, even through they have 308879.63 net worth, but it is useless. They have too many loan and mortgage need to repayment.
Where: They should focus on house mortgage first, because that $300000 mortgage with interest rate is 4.75%.
Who: their children. When they do this financial planning, their kids is inherently involved in.
Which: They have some constraints which is that they need to pay education for kids, they have economic pressure, so saving money is hard thing for them.
Measurable:
They want to save $2000 per month to pay off their mortgage $1897.57 monthly.
Achievable:
We suggest saving money from Entertainment and Transportation.
· Yearly expense
Travel $120, Activities $360, Alcohol $120 totally is $600
We also can decrease expense form car insurance, Colin and Jill can use one car and suspend the car insurance saving $1440 yearly.
They already saving $2040 for one year.
Realistic:
That is realistic because they can easily to save money form their income, they need to know how to budgeting their money, especially they already have two kids.
Time-Limited:
They will save money form their daily life for $2040 for one year, their yearly mortgage is $1897.57*12= $22770.84, they need to saving 10 years money to pay off one year mortgage.
B) Cash Flow Statement & Net Worth Statement
According to the expense statement for retirement planning, I estimate the expense after Colin and Jill retirement is $28546.68. It means they need income after tax is same amount.
Electricity/water: When they are after 65 year old, they should sleep so early that compare with before. That’s why their electricity usage rate is going down. Change $150 to $100 per month
Internet: they don’t use internet after 65 years old, because they always watching TV or reading book, no time to use internet. Change $100 to $50 per month
Groceries: it will change some because they want to be health, and will buy many nourishment and fruits,and more milk. Not changed.
Eat-out: eat-out cost will be decrease, they usually cook at home. Change $100 to $50 per month
Colin&Jill car insurance: They don’t need two cars for driving, so they can just drive one car with one car insurance, so the cost will be decrease. Decrease $110 per month
Gas fee: gas cost also decrease because two cars in stead of one car.
Medical: Colin has high blood pressure, his medicines cost will increase.
Travel: Colin and Jill like to long-distance travel every month,so that’s why travel cost is increased. Change $50 to $ ...
The document contains information from a retirement calculator and savings calculator. It provides details on calculating monthly contributions needed to achieve a $1,000,000 retirement fund by age 65 depending on when savings begins. It also shows that starting contributions at age 20 with $250 monthly and 9% return for 10 years results in a $987,599 retirement fund by age 65 with only $30,000 contributed, while waiting until age 30 doubles the contributions needed.
The document contains calculations from a retirement planning calculator. It shows that contributing $200 per month from age 22 to 67 at a 9% expected return would result in $1,480,976 at retirement. It also demonstrates that starting contributions earlier results in significantly higher total savings by retirement compared to starting later.
The document contains calculations from a retirement planning calculator. It shows that contributing $200 per month from age 22 to 67 at a 9% rate of return would result in $1,480,976 at retirement. Lower or higher rates of return are also shown. It also provides examples of how much would need to be contributed each month from different starting ages to achieve $1,000,000 by age 65. Starting earlier results in lower monthly contributions needed.
The document provides an overview of the Isagenix weight loss and wellness company. It discusses (1) the company's decade of financial stability and mission to transform lives, (2) key health trends like obesity and the need for healthy aging solutions, and (3) how the Isagenix system and business opportunity can help people achieve financial freedom and passive income through network marketing.
The document summarizes a company's year-to-date social media marketing budget and spending. As of December, the company had spent $210,000 of its $291,000 total budget, leaving $81,000 remaining. Spending was highest on staff costs, video production, and content creation. The largest variances between budget and spending were in graphic design and agency/consulting fees.
The Dynamic Implications of Sequence Risk on a Distribution Portfolio Journal...Better Financial Education
A practical method for advisers to measure exposure to sequence risk is through evaluation of the current probability of failure rate (which I've later renames as iteration failure rate to reflect measurement of the Monte Carlo simulation rather than the plan itself - two different things). This paper lead to a deeper investigation of failure rates thus leading to two subsequent papers discovering the three-dimensional nature of simulations over various time periods and allocations, as well as application of longevity to the simulation modeling.
Can You Pick The Next Winner?
Asset Class Performance 2002‐2021 of various global markets.
Pick any color in any earlier year and see what
happened in any later year. Bottom go up and top go down randomly.
*Note the 20 year results also
change asset class positions
over the years (don't predict
the future).
This document presents data on annual stock market returns in the US from 1926 to 2021. It shows that the market had positive returns in 75% of years, and the average annualized return was 10.2%. However, nearly two-thirds of yearly returns were at least 10 percentage points above or below the average. It also notes that more than two-thirds of down years were followed by up years, such as the 5% loss in 2018 followed by a 30.4% gain in 2019. The document concludes that investors who can withstand short-term volatility and maintain a long-term perspective tend to be rewarded in the stock market.
Prototype software example of aging model incorporating both portfolio and lo...Better Financial Education
This first appeared in blog post that describes the graphs in more details
https://blog.betterfinancialeducation.com/sustainable-retirement/what-are-the-three-paradigms-of-retirement-planning/
Prototype software example of aging model incorporating both portfolio and longevity percentile statistics along with consumer spending trend line of “Real People” (which is not based here on spending percentile statistics, but on research averages). Starting balance $500,000 with $36,000 Social Security. Two simple graphs by age answer many retiree questions about potential future spending and balances. Creates a whole different discussion. Also illustrates why age 95 is a poor reference for planning since it doesn’t plan or consider aging into future ages from the beginning of retirement.
Finding the parallels between flying a jet and helping people
develop financial plans may be difficult for the average person, but for Larry R. Frank Sr., the similarities between these two activities are crystal clear.
A question of equilibrium - can there be more buyers than sellers? Or more se...Better Financial Education
Have you ever wondered who is buying if so many people are selling?
The notion that sellers can outnumber buyers on
down days doesn’t make sense. What the newscasters should say, of course, is that prices adjusted lower because would-be buyers weren’t prepared to pay
the former price.
What happens in such a case is either the would-be sellers sit on their shares or prices quickly adjust to the point where supply and demand come into balance and transactions occur at a price that both buyers
and sellers find mutually beneficial. Economists refer
to this as equilibrium.
The Happiness Equation as it relates to investing is an interrelationship between your perceptions and expectations of investing and events. How do you manage happiness when you can't manage the markets?
A mistake many inexperienced sailors make is not having a plan at all. They embark without a clear sense of their destination. And once they do decide, they often find themselves lost at sea in the wrong boat
with inadequate provisions.
Destination, contingencies when trouble comes up, course corrections, bad weather and more can happen on the journey. How do you properly prepare for sailing is much the same as investing.
When setting expectations,
it’s helpful to see the range of outcomes experienced
by investors historically. For example, how often have
the stock market’s annual returns actually aligned with
its long-term average? Better yet, how often are the markets positive?
This document outlines a general plan to address various financial issues in three phases: retirement income, lost survivor income, and estate planning. It lists possible sources of income or solutions for each phase, such as pensions, social security, retirement savings, life insurance, and trusts. The plan emphasizes putting solutions in writing, reviewing them periodically, and deciding on a plan by considering available resources that can only be used once.
The world is risky. The future is uncertain. And many of the decisions we make can have a pro-found impact on our future welfare. Risk cannot be eliminated, but it can be managed.
Blog post for further perspective http://wp.me/p2Oizj-I8 (scheduled to post 17 May 17).
Robo-advisor portfolios may be well diversified, they also contain construction gaps that should not be present in well-constructed portfolios.
Post discussing this in broader context schedule for 3 May 2017 http://wp.me/p2Oizj-HV
Robo-advisor portfolios may be well diversified, they also contain construction gaps that should not be present in well-constructed portfolios.
Post discussing this in broader context schedule for 3 May 2017 http://wp.me/p2Oizj-HV
This paper essentially demonstrates to academics and the profession that the current method of computing retirement income essentially arrives at a single solution applicable only to today; it does not model the future as currently interpreted. Our paper contrasts the difference between a calculation and a "multi-cast" simulation model.
Our research summary paper is published in the Journal of Financial Planning, Nov 2016. A link to the paper is available here "Combining Stochastic Simulations and Actuarial Withdrawals into One Model." ( http://bit.ly/2eLBUq9 )
Our working paper documenting our research project won the CFP® Board Best Research Paper Award at the 2016 Academy of Financial Services ( http://academyfinancial.org/ ) annual conference through an academic panel using a blind review process. "Certainty of Lifestyle: Contrasting a Simulation Over a Fixed Period versus Multiple Period Models" ( http://bit.ly/2dWtuNz )
In early Nov 2016, two blogs will post going into more insights from the research: Just where does the fear of outliving our money come from? Part I with link to Part II. ( http://wp.me/p2Oizj-H2 )
Investing makes it possible for many of us to achieve important lifetime goals, such as retirement. That’s why we employ an investment approach based on almost nine decades of data, analysis and research, insights from behavioral finance and close relationships with leading academics. There are four key concepts which play a vital role in the construction and management of our portfolios. Together, they add up to a distinctive long-term, approach we call Asset Class, or evidence-based, Investing
The article discusses an alternative approach to experiencing the costs of index reconstitution, called “Asset Classes,” which allow the fund manager broader leeway as to when to buy or sell, along with a broader range of holdings. This discussion begins in the section called “Decision Two: Indexing or Asset Class Investing?”
The Asset Class approach, also referred to by others as "Factor Investing," is based on what has become to be called “Evidence Based Investing” due to roots discussed in the linked "Factor Investing" article, that come from academic (peer reviewed and repeatable results) foundation that continues to this day.
My blog post discussing this article is scheduled to post 8 Feb 2017 http://wp.me/p2Oizj-Hh
There is a cost to indexing that most investors are unaware of. It is called “reconstitution.”
A blog post is scheduled for 8 Feb 2017 discussing this article.
http://wp.me/p2Oizj-Hh
Most people look at the benefits they would receive today when making their decision about when to begin receiving their Social Security. They also underestimate how long they may live unless they already have medical issues that are known to reduce longevity.
These two impulses cause many couples to begin their benefits too early which has an adverse effect for survivor income. When one person dies, the lowest benefit “goes away” and the highest benefit “remains.”
The article below explains how that works with a couple and their Social Security benefits at various ages.
This brief slideshow discusses some elements necessary to recognize that our emotions and reactions to investing and markets often hurt results. Discipline and a focus on what you can control are important to success.
There is an investing approach that is based on discipline and evidence from research in both the finance and behavioral finance sciences.
Scheduled to post to Better Financial Education blog 11 Jan 2017 http://wp.me/p2Oizj-vH
South Dakota State University degree offer diploma Transcriptynfqplhm
办理美国SDSU毕业证书制作南达科他州立大学假文凭定制Q微168899991做SDSU留信网教留服认证海牙认证改SDSU成绩单GPA做SDSU假学位证假文凭高仿毕业证GRE代考如何申请南达科他州立大学South Dakota State University degree offer diploma Transcript
STREETONOMICS: Exploring the Uncharted Territories of Informal Markets throug...sameer shah
Delve into the world of STREETONOMICS, where a team of 7 enthusiasts embarks on a journey to understand unorganized markets. By engaging with a coffee street vendor and crafting questionnaires, this project uncovers valuable insights into consumer behavior and market dynamics in informal settings."
A toxic combination of 15 years of low growth, and four decades of high inequality, has left Britain poorer and falling behind its peers. Productivity growth is weak and public investment is low, while wages today are no higher than they were before the financial crisis. Britain needs a new economic strategy to lift itself out of stagnation.
Scotland is in many ways a microcosm of this challenge. It has become a hub for creative industries, is home to several world-class universities and a thriving community of businesses – strengths that need to be harness and leveraged. But it also has high levels of deprivation, with homelessness reaching a record high and nearly half a million people living in very deep poverty last year. Scotland won’t be truly thriving unless it finds ways to ensure that all its inhabitants benefit from growth and investment. This is the central challenge facing policy makers both in Holyrood and Westminster.
What should a new national economic strategy for Scotland include? What would the pursuit of stronger economic growth mean for local, national and UK-wide policy makers? How will economic change affect the jobs we do, the places we live and the businesses we work for? And what are the prospects for cities like Glasgow, and nations like Scotland, in rising to these challenges?
In a tight labour market, job-seekers gain bargaining power and leverage it into greater job quality—at least, that’s the conventional wisdom.
Michael, LMIC Economist, presented findings that reveal a weakened relationship between labour market tightness and job quality indicators following the pandemic. Labour market tightness coincided with growth in real wages for only a portion of workers: those in low-wage jobs requiring little education. Several factors—including labour market composition, worker and employer behaviour, and labour market practices—have contributed to the absence of worker benefits. These will be investigated further in future work.
Economic Risk Factor Update: June 2024 [SlideShare]Commonwealth
May’s reports showed signs of continued economic growth, said Sam Millette, director, fixed income, in his latest Economic Risk Factor Update.
For more market updates, subscribe to The Independent Market Observer at https://blog.commonwealth.com/independent-market-observer.
Enhancing Asset Quality: Strategies for Financial Institutionsshruti1menon2
Ensuring robust asset quality is not just a mere aspect but a critical cornerstone for the stability and success of financial institutions worldwide. It serves as the bedrock upon which profitability is built and investor confidence is sustained. Therefore, in this presentation, we delve into a comprehensive exploration of strategies that can aid financial institutions in achieving and maintaining superior asset quality.
University of North Carolina at Charlotte degree offer diploma Transcripttscdzuip
办理美国UNCC毕业证书制作北卡大学夏洛特分校假文凭定制Q微168899991做UNCC留信网教留服认证海牙认证改UNCC成绩单GPA做UNCC假学位证假文凭高仿毕业证GRE代考如何申请北卡罗莱纳大学夏洛特分校University of North Carolina at Charlotte degree offer diploma Transcript
The Impact of Generative AI and 4th Industrial RevolutionPaolo Maresca
This infographic explores the transformative power of Generative AI, a key driver of the 4th Industrial Revolution. Discover how Generative AI is revolutionizing industries, accelerating innovation, and shaping the future of work.
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.
3. Why You Should Save
Some day you’re going to retire — and when you do, you’re going to
need money.
How much money? More than you think. Studies have shown that 85. A woman can expect to live to 88 and a married couple to age
on average, retirees need anywhere from 70% to 120% of their pre- 92.2 It’s possible that you will be retired for 30 years — almost as
retirement income to live comfortably. We’re not talking about exotic long as you worked! During that time, a retiree can expect to spend
trips around the world — just enough cash to maintain your more than $150,000 on healthcare alone.3
current lifestyle. That’s why you need to save for retirement — and the sooner you start,
Lots of retirees depend on Social Security, the government’s retire- the better. Saving gives you control of your financial future, creating a
ment program. Like you, they spend their working years paying nest egg that will help you cover your expenses. In fact, retirees say
into the system. When it comes time to retire, they get a monthly their top regret is that they didn’t start saving soon enough.4
check. But there is one problem... You still have time to avoid their mistake. The more you save today,
the better position you’ll be in when you retire, letting you live com-
Social Security Isn’t Enough.
fortably with fewer financial worries.
The average retired worker gets just $1,183 a month from Social
Security — about $14,000 a year.1 For a worker who made $40,000
a year, that means a 65% pay cut. Could you live on just a third of
1
Social Security Administration. http://www.ssa.gov/cgi-bin/currentpay.cgi http://www.ssa.gov/cgi-bin/
benefit6.cgi
your income? For many of us, that would be a real challenge. 2
Source: Society of Actuaries, SmartMoney Magazine, 3/25/2011.
Even if you’ve saved a little, it might not be enough. People are living 3
Employee Benefits Research Institute, December 2010 Issue Brief.
longer than ever. A healthy 65-year-old man can expect to live to age 4
2007 Fidelity Research Institute Retirement Index
4. When It Comes to Saving, Time Really Is Money.
You know you need to save for retirement, but you’re busy. You’ve got bills to pay and a life to live. You tell yourself that
you’ll start saving next year.
That procrastination will cost you.
When you invest money, it can grow over time. The sooner you invest it, the longer it has to grow. Even a few years can make
a big difference.
Imagine a 25-year-old who invests $10,000. By age 65, his savings may have grown to almost $150,000 without him
investing another cent.* But if he waited until age 30 to invest — just five years — he’d only have around $105,000. Five
years makes a $45,000 difference!
Savings at age 65
$150,000
$105,000
One time investment
of $10,000
made at:
Age 25
Age 30 But you don’t need $10,000 to start saving.
*Assumes an annual rate of return of 7%.
5.
6. Even Small Amounts
Make A Big Difference
Over Time.
Think you’ll spend less
money when you’re
If you save just $25 a month for 30 years If you save $250 a month for 30 years at
retired? at 7%, it can grow to almost $30,500. 7%, it can grow to more than $305,000.
Think again.
$35,000
$35,000 $350,000
$350,000
42% of retirees report that they $30,000
$30,000 $300,000
$300,000
$25,000
$25,000 $250,000
$250,000
spend the same amount or more $20,000
$20,000 $200,000
$200,000
in retirement than they did when $15,000
$15,000 $150,000
$150,000
$10,000
$10,000 $100,000
$100,000
they were working. One of the $5,000
$5,000 $50,000
$50,000
biggest expenses: healthcare. $0 $0 $0 $0
0 05 5 10 1015 1520 2025 2530 30 0 05 5 10 1015 1520 2025 2530 30
Source: Employee Benefits Research Institute, Years
Years Years
Years
March 2010 Issue Brief
For illustration purposes only.
So what are you waiting for? Start saving today.
7.
8.
9. Making Saving Easy With a Retirement Plan
Your retirement plan at work is one of the best ways to save for retirement. Not only is it easy to use, it costs less
than you think. Here’s how:
1. Saving is automatic — you don’t have to remember 3. Pre-tax savings help your money grow faster. Money
to do it. When you sign up for the plan, you tell your in your employer’s retirement plan grows tax free —
employer how much money you want to contribute to you don’t pay taxes on the money until you withdraw
your account each paycheck. Your employer takes care it in retirement. That means the account value has the
of the rest so you never have to worry about forgetting potential to grow faster than if the money were invested
to save. in a taxable investment.
2. Contributing will lower your tax bill. Contributions 4. Your employer may offer matching contributions.
to your employer’s retirement plan are tax-deductible, Many employers offer to match your retirement plan
which means you don’t pay income tax on them. For contributions. This is free money — but the only way
example, if your tax rate is 20% and you contribute to get it is to contribute to your retirement plan.
$50 to your plan each paycheck, you’d save $10 in
taxes. That means your take-home pay is only reduced
by $40. It’s like getting paid to save!
Getting Paid to Save
Your paycheck
our retirement plan contribution:
Y $50
Your tax savings*: $10
Your take home pay is
reduced by only: $40
*Assuming a 20% federal tax bracket
10. You’re Saving Money — Now How Do You Invest It?
Once you start saving, it’s important to invest your money 2. Don’t try to time the markets. Some days the market
so it has the potential to grow. rises and some days it falls. What it will do next is anyone’s
guess. But guessing isn’t investing, so don’t try to buy and
While the idea of investing can sound daunting, it’s actually a sell over the short term. Buy and hold according to your
lot smarter than stashing your cash in the bank. In a bank long-term plan.
account, the rate of return is usually low — meaning that
inflation, which averages 3% a year, will eat away at your 3. Diversify globally. Since we don’t know which investment
money’s spending power long before you retire. Investing will do the best or when, the smartest thing to do is to
can help you potentially beat inflation and grow your nest own a wide variety of investments. When you invest in
egg. But you need to be smart about it. thousands of stocks around the world, you don’t have to
worry about a single bad stock hurting your retirement.
Smart investing is about logic, not luck. You can avoid com- Plus you have the potential to enjoy the benefits of the
mon investment mistakes by following these five rules. market’s whole return.
1. Take a long-term approach. Your retirement is years, if not
decades, away. Whatever is going on in the market today 4. Consider your tolerance for risk. Not every investment
will likely be long over by the time you retire. Choose an is appropriate for everybody, and some investments are
investment strategy based on your long-term plans — riskier than others. The closer you are to retirement, the
and then stick with it. less risk you’ll want to take. But remember, risk and return
are related. If you want the potential for higher returns,
you will have to take more risk.
11. Why Your Nest Egg Needs to
Beat Inflation
5. Let the markets work for you by using a passive Inflation is the reason that things cost more today than they did a
investing approach. There are many roads you can few years ago. With inflation averaging about 3% over the long
follow with an investment portfolio, but one of the term, $1 this year will be worth 97 cents next year. That may not
fundamental choices you need to make is active or seem too bad, but it adds up over time. Assuming inflation contin-
passive management. Active management embraces the ues to average 3%...
idea that you can beat the markets consistently. Using In 10 years, $1 will be worth 73 cents.
an active management approach, fund managers choose
investments based on which ones they believe will In 23 years, $1 will be worth just 50 cents.
perform best in each category. In contrast, passive man-
agement’s goal is to earn the same annual return as the That means your buying power will be cut in half in the next 23 years.
markets. Since no one really knows which investments Just look at how these prices have changed over the past 30 years.
will do best or worst, passive managers rely on diversity 1981 2011
and a long-term approach. Historically most active man- Gallon of gas1 $1.30 $3.62 278%
agers have had a hard time beating the markets over the
Postage stamp2 $0.18 $0.44 245%
long term. In fact, according to a 2009 study by two
noted academics, Professors Eugene Fama and Kenneth Movie ticket3 $2.78 $7.89 284%
French, over the long term, very few fund managers Your retirement is years away and could easily last 30 years. If your
have the ability to outperform their indices, once costs nest egg isn’t keeping up with inflation, your money is disappearing
are taken into consideration. without you even realizing it!
1
Bureau of Labor Statistics
2
Cost O fSt a mp s . ne t & U.S. Postal Service
3
National Association of Theater Owners http://www.natoonline.org/statisticstickets.htm
12. Getting the
Guidance
You Need
Planning for a secure retirement
on your own isn’t easy.
Many of us feel unprepared and
ill-equipped to deal with all the
issues involved in a coordinated,
knowledgeable way.
Many investors are frustrated,
worried and uncertain where to
turn. They have no idea how to
get from where they are today
to where they want to be in
the future.
For some, working with an
experienced and trusted
Independent Wealth Advisor
may be the answer.
13. Avoiding Emotional Investing
Your personal roadmap of saving and investing can help you reach your hot investments (remember the tech stock boom or the real estate
financial goals — but only if you stick with it. That’s not always easy. bubble?). Other times the market falls quickly, creating panic. If
you sell your investments while prices are low, you’re taking paper
For most of us, money is bound up with powerful emotions such as losses and making them real. Later when you want to reinvest and
security, confidence and even, sometimes, fear. But the emotions of follow your plan, you’ll pay much higher prices to buy those same
investing can cause you to lose focus on important areas of your financial investments.
life, most of which have absolutely nothing to do with the stock market.
The way our brains are hard-wired can cause us to make emotional You can’t let your emotions make your investment decisions.
decisions about our money at precisely the wrong moments.
In the long run, today’s market performance doesn’t matter. It’s only
As the chart below illustrates, many investors tend to “buy high” a problem if you give in to temptation instead of sticking to your plan.
and “sell low.” It’s exciting when the market rises, tempting you with
The Cycle of
Market Emotions
For illustration purposes only.
14. Ready, Set, Save!
Now you know why you need to save and the best way to do it.
You even know how to invest your savings to help grow your retirement nest egg.
So what are you waiting for?
Work with a trusted Independent Wealth Advisor, and take control of your financial future.
15.
16. Note: Past performance is not indicative of future results. Diversification does not guarantee a profit or protect against a loss. Investors with time horizons
of less than five years should consider minimizing or avoiding investing in common stocks.
Investment advisory and administrative services provided by LWI Financial Inc. (”Loring Ward”). LWI Financial Inc. is an investment advisor registered with the Securities and Exchange Commission.
Loring Ward is considered to be an investment manager under §3(38) of the Employee Retirement Income Security Act of 1974 (ERISA) only for those portfolios administered by Loring
Ward. Plan advisors and trustees may have other fiduciary obligations independent of those which are assumed by an ERISA §3(38) investment manager. B 12-007 (02/12)