This document provides information on rising college costs and debt levels in the United States. It then discusses how a 529 college savings plan can help families save for college in a tax-advantaged way. A 529 plan allows earnings to grow tax-free and withdrawals are tax-free when used for qualified education expenses. The document outlines the benefits of a 529 plan such as gift tax benefits, estate planning advantages, and investment options that include age-based and goal-based portfolios, individual funds, and absolute return funds.
The Pandemic taught several lessons to first-time and seasoned investors alike. It reinforced the habit of saving, having a sound financial backup plan for a rainy day and devising a prudent asset allocation strategy. Explore 7 investment lessons that help prepare for the unexpected.
www.Quantumamc.com
1. Icealion Life Assurance Company Limited is a member of the First Chartered Securities Group, a leading local investment and trading group controlling enterprises in finance, insurance, manufacturing, and agriculture with total assets of Kshs.39.66 billion and annual turnover exceeding Kshs.9 billion.
2. The document discusses Icealion's various financial products including unit linked investment plans, children's education plans, endowment plans, anticipated endowment plans, retirement savings/pension plans, and personal/family insurance covers.
3. Icealion aims to help customers achieve financial goals like retirement, children's education, savings, loans, and insurance protection through customized financial plans.
The document provides an overview of the current economic and market environment, common investor challenges, and strategies for meeting retirement needs. It discusses a mix of positive and negative factors for the economy and markets in 2011. It also presents a case study of a couple retiring in 5 years and analyzes their income needs and assets to determine how to address any shortfalls. The document recommends following a comprehensive consulting process and using a variety of asset classes and strategies to pursue goals.
Five Trends Reshaping the Global Pension Fund IndustryState Street
This executive briefing explores how pension funds are adapting to the challenges of a new investment environment. The research presented in this report is based on an international State Street survey, conducted by the Economist Intelligence Unit in August 2014, of 134 senior executives in the pension fund industry.
The document provides information about pension fund management at the World Bank. It discusses the World Bank Treasury's activities managing over $120-140 billion in investments, including $18 billion in pension plan assets. It then provides an overview of the World Bank Pension Fund, which has $18 billion in assets, 14,400 active staff members, and 8,500 retirees. The rest of the document outlines the investment framework for managing the pension fund, including sections on governance structure, investment policy, risk management, performance measurement, and other areas.
The document summarizes statistics on Americans' financial literacy and habits from a 2017 survey. It finds that many Americans lack savings and budgets. While credit card and other debt is high, spending is decreasing. Younger adults are more likely to save than older generations. The document also provides an overview of free online personal finance courses and resources that cover topics like spending, credit, income, investing, insurance, and financial decision-making. Course materials are aligned with state and national standards. Additional supplemental resources for teaching personal finance are also referenced.
HUSC 3366 Chapter 1 Personal Finance in Action Rita Conley
This document provides an overview of personal financial planning. It discusses factors that influence financial decisions like life situation and the economy. It also outlines the key activities in financial planning such as obtaining income, saving, borrowing, spending, managing risk, investing, and retirement planning. The document emphasizes the importance of setting realistic and specific financial goals and understanding opportunity costs and the time value of money when making financial decisions. It provides guidance on developing a comprehensive financial planning process that involves assessing one's current situation, setting goals, evaluating alternatives, creating an action plan, and reviewing progress. Additionally, the document covers how career choice relates to financial planning and offers tips for career planning and job searching.
This document discusses various savings and investment options. It defines savings as income kept aside for future use. The main objectives of savings are reducing economic insecurity, helping during emergencies or inability to work, and becoming a source of income. Good saving plans have characteristics like safety, return, convenience, liquidity, and tax benefits. Common savings options discussed include provident funds (PF), voluntary savings through banks and post offices, insurance, bonds, and investments in shares, debentures, jewellery and property. Life insurance provides protection for dependents. General insurance covers risks like motor, fire, and personal accidents. Bonds are issued by governments and corporations to borrow money. Investments allow building assets and securing one
The Pandemic taught several lessons to first-time and seasoned investors alike. It reinforced the habit of saving, having a sound financial backup plan for a rainy day and devising a prudent asset allocation strategy. Explore 7 investment lessons that help prepare for the unexpected.
www.Quantumamc.com
1. Icealion Life Assurance Company Limited is a member of the First Chartered Securities Group, a leading local investment and trading group controlling enterprises in finance, insurance, manufacturing, and agriculture with total assets of Kshs.39.66 billion and annual turnover exceeding Kshs.9 billion.
2. The document discusses Icealion's various financial products including unit linked investment plans, children's education plans, endowment plans, anticipated endowment plans, retirement savings/pension plans, and personal/family insurance covers.
3. Icealion aims to help customers achieve financial goals like retirement, children's education, savings, loans, and insurance protection through customized financial plans.
The document provides an overview of the current economic and market environment, common investor challenges, and strategies for meeting retirement needs. It discusses a mix of positive and negative factors for the economy and markets in 2011. It also presents a case study of a couple retiring in 5 years and analyzes their income needs and assets to determine how to address any shortfalls. The document recommends following a comprehensive consulting process and using a variety of asset classes and strategies to pursue goals.
Five Trends Reshaping the Global Pension Fund IndustryState Street
This executive briefing explores how pension funds are adapting to the challenges of a new investment environment. The research presented in this report is based on an international State Street survey, conducted by the Economist Intelligence Unit in August 2014, of 134 senior executives in the pension fund industry.
The document provides information about pension fund management at the World Bank. It discusses the World Bank Treasury's activities managing over $120-140 billion in investments, including $18 billion in pension plan assets. It then provides an overview of the World Bank Pension Fund, which has $18 billion in assets, 14,400 active staff members, and 8,500 retirees. The rest of the document outlines the investment framework for managing the pension fund, including sections on governance structure, investment policy, risk management, performance measurement, and other areas.
The document summarizes statistics on Americans' financial literacy and habits from a 2017 survey. It finds that many Americans lack savings and budgets. While credit card and other debt is high, spending is decreasing. Younger adults are more likely to save than older generations. The document also provides an overview of free online personal finance courses and resources that cover topics like spending, credit, income, investing, insurance, and financial decision-making. Course materials are aligned with state and national standards. Additional supplemental resources for teaching personal finance are also referenced.
HUSC 3366 Chapter 1 Personal Finance in Action Rita Conley
This document provides an overview of personal financial planning. It discusses factors that influence financial decisions like life situation and the economy. It also outlines the key activities in financial planning such as obtaining income, saving, borrowing, spending, managing risk, investing, and retirement planning. The document emphasizes the importance of setting realistic and specific financial goals and understanding opportunity costs and the time value of money when making financial decisions. It provides guidance on developing a comprehensive financial planning process that involves assessing one's current situation, setting goals, evaluating alternatives, creating an action plan, and reviewing progress. Additionally, the document covers how career choice relates to financial planning and offers tips for career planning and job searching.
This document discusses various savings and investment options. It defines savings as income kept aside for future use. The main objectives of savings are reducing economic insecurity, helping during emergencies or inability to work, and becoming a source of income. Good saving plans have characteristics like safety, return, convenience, liquidity, and tax benefits. Common savings options discussed include provident funds (PF), voluntary savings through banks and post offices, insurance, bonds, and investments in shares, debentures, jewellery and property. Life insurance provides protection for dependents. General insurance covers risks like motor, fire, and personal accidents. Bonds are issued by governments and corporations to borrow money. Investments allow building assets and securing one
The document outlines key concepts in personal finance including career development, income, money management, spending and credit, and saving and investing. It discusses assessing skills and interests, researching careers, workplace expectations, and lifelong learning for career development. It addresses sources of income, taxes, and how career and economic factors affect income. Key money management topics covered are decision making, inflation, insurance, earning, spending, saving, investing, and using financial tools and institutions. The document also outlines evaluating spending decisions, comparing payment methods and credit sources, understanding credit reports and consumer protection laws. Finally, it discusses the relationship between saving and investing, reasons for each, comparing investment types, and agencies that regulate financial markets.
What is Liability Driven Investing - FPA NY 2011Brent Burns
The document discusses liability-driven investing (LDI), which matches investment assets to future liabilities. It describes how splitting assets into multiple sub-portfolios for different purposes like bonds for income and stocks for growth can help clients better understand their allocation strategy. Individual bonds are preferable to bond funds for LDI because they are not subject to interest rate risk and can more accurately match targeted cash flows. The document compares LDI to other income strategies like annuities and dividend stocks.
This document discusses balancing saving for retirement and paying for college. It notes that things were different for previous generations who had lower college costs and more robust pensions. While the most expensive option is paying for an Ivy League education, focusing only on retirement means children may have limited college options. The best approach is open communication where both retirement and college are prioritized, including getting children involved in saving for college. Tax-advantaged retirement accounts can be used for college with some pros and cons. 529 plans are also an option after addressing retirement needs. The document provides details on Alabama's 529 plan options.
What are objectives of investing in mutual fundsFinHos
Since past two decades, the growth percentage of mutual fund industry has seen a noticeable hike. This growth is the result of increased education levels which has penetrated through individual’s mind about understanding their financial requirements.
This document summarizes an investment portfolio containing stocks, bonds, CDs, and discusses whether to invest in money markets. It analyzes several companies' financials and stock performance including Raytheon, SAP, Netflix, and American Italian Pasta Co. It was decided not to invest in money markets due to low interest rates, high fees from banks, and concerns the economy is headed for depression. By diversifying investments across stocks, bonds and CDs maturing at different times, the portfolio is projected to achieve a 10.4% return over 3 years.
This document defines important terms related to student loans. It explains key loan concepts such as principal, interest, grace periods, deferment, forbearance, and default. It also defines the differences between subsidized and unsubsidized loans, as well as private and federal loans. Various fees and repayment schedules are also outlined. The glossary provides clarity around complex loan terminology for student borrowers.
Introduction to investing - for young adultsAbhijit Pal
Introduction to the world of investing - for kids. Generally the web is full of information, but it is difficult to get hold of a presentation, which will help young adults to understand the varieties of investment. It is important to have understanding of investment 101, before attaining the age of investment.
This document discusses personal finance concepts related to earning, spending, saving, and borrowing. It explains that earning involves gaining money through work or owning a business, and career choices, employment opportunities, and ability to advance affect lifetime earnings. Spending involves using money to purchase goods and services, and responsible spending involves planning and considering opportunity costs. Saving puts money aside for future needs and has benefits like providing for emergencies or earning interest. Borrowing obtains money now in exchange for future repayment, and should only be done for amounts that can be realistically repaid. The document emphasizes making responsible financial choices in light of considerations like career impacts, trade-offs, savings benefits, and borrowing obligations.
Types of Insurance Policies Owned by SingaporeansChew Zhan Lun
A project presentation for Money 101, a module offered in Nanyang Technological University on managing our personal finance.
Credits to my group members, Lam Hui Ping, Lee Tyng Tyng, Yvonne, Lui Wei Siang
Unit investment trusts (UITs) are pooled investment vehicles that hold professionally selected stocks, bonds or other securities. UITs offer investors a diversified, buy and hold strategy. Unlike mutual funds, UIT portfolios are static once established, however UITs provide rollover options that allow investors to periodically rebalance and reinvest proceeds from terminated trusts. UITs have grown substantially since the 1970s and now manage over $550 billion in assets, with the majority allocated to equity strategies.
The document discusses key concepts in personal finance including financial literacy, responsibility, and engineering. It outlines the benefits of financial planning such as financial success, security and freedom. Some important terms are defined, including assets, liabilities, savings, investments, inflation and deflation. The concepts of time value of money, compound interest, and future and present values are explained. Rules for calculating future values, compound interest, and present values of lump sums and annuities are provided. The document stresses the importance of risk management through insurance.
This document provides information on financial planning and making good financial decisions. It discusses various financial products like savings accounts, investments, insurance and loans. It emphasizes the importance of financial planning and having clear investment goals based on time horizon. It also highlights tools for financial planning and overcoming emotions to implement a simple financial plan for a financially happy family.
This document is a presentation on the fundamentals of investing. It discusses key investing concepts like savings vs investments, monetary vs investment assets, returns and risks. It also covers different investment tools including bonds, stocks, real estate, mutual funds and index funds. The presentation emphasizes the importance of diversification and having the appropriate risk tolerance for different investment types. It highlights strategies like using tax-advantaged retirement accounts and employer-sponsored plans to maximize returns over the long term.
The document outlines objectives for teaching pharmacy students and pharmacists about personal finance. It discusses the importance of financial literacy for employees and the costs of poor financial behaviors for employers, such as absenteeism and reduced productivity. The summary also describes the key steps in personal financial planning, including determining one's financial situation, setting goals, evaluating alternatives, creating an action plan, and reevaluating. It defines personal balance sheets and cash flow statements as tools for financial planning.
1. The document discusses several investment products and schemes for young Indians including the Public Provident Fund (PPF), Sukanya Samriddhi Account, National Savings Certificate (NSC), and Post Office savings schemes.
2. It then provides details on the PPF such as eligibility, minimum/maximum deposit amounts, interest rates, withdrawal rules, tax benefits, and more.
3. The document also summarizes three new social security schemes recently launched by the Indian government: Pradhan Mantri Jeevan Jyoti Bima Yojana for life insurance, Pradhan Mantri Suraksha Bima Yojana for accident insurance, and Atal Pension Yojana
Income funds invest in debt instruments like government securities, corporate bonds, and money market instruments. They aim to generate returns from opportunities in the debt market. There are 92 income funds classified into sub-categories based on their investment strategies, such as pure income, dynamic strategies, corporate bonds, and banking & PSU debt. While overall returns were moderate, some sub-categories like credit opportunities, corporate bond, and banking & PSU debt funds delivered strong short- and long-term returns. Income funds provide returns through interest income and capital appreciation when bond prices rise as interest rates fall. They carry risks like interest rate risk, credit risk, and liquidity risk.
These two presentations were provided to Abacus Wealth Partners in October 2015 as part of an employee education product training presentation. Please feel free to contact Paul Curley at pcurley@sionline.com or paul.curley.1@gmail.com for a presentation, slides, data, commentary or insight as well.
Twitter: @PaulCurleyBC
This document summarizes the differences between registered investment advisors (RIAs) and registered representatives (stockbrokers) for providing financial advice. It notes that most investors are confused about their fiduciary responsibilities. RIAs are fiduciaries legally required to put clients' interests first, while representatives must only meet suitability standards. The document urges investors to understand the options, consider their needs, and read disclosures carefully to determine the best choice for their situation.
Two in the Pink was an epic kickball team known for their outrageous costumes, elaborate entrances and exits, creative drinking accessories, and memorable antics both on and off the field. They engaged in activities like wearing merkins, shot gunning beers, interpretive dance, karaoke, and near arrests. The presentation highlights the team's history, traditions, and how they brought fun and spirit to every game through grilling, drinking, dancing, and embracing the absurd nature of kickball.
This document provides an overview of advanced estate planning strategies including those aimed at minimizing estate taxes, asset protection, and charitable giving. It discusses techniques such as utilizing each spouse's estate tax exemption, optimizing the marital deduction, dynasty trusts, GRITs, QPRTs, family limited partnerships, private annuities, charitable remainder trusts, and offshore trusts. The document also provides context on the federal estate tax system, changing exemption amounts, and who may benefit from advanced planning.
United Capital is a financial advisory firm established in 2005 with over 90 advisors across 44 offices. It has $16.8 billion in assets under advisory, including $8.53 billion under management and $8.28 billion in consulting assets. The firm has acquired over 40 other advisory teams since inception and is budgeting for $83 million in revenues in 2013, representing 41% annual growth. United Capital provides a centralized platform for acquired firms that handles administration, operations, marketing, and client services, allowing advisors to focus on client relationships. The platform is designed to improve client experiences, support local growth, and create wealth through equity ownership in the growing firm.
The document outlines key concepts in personal finance including career development, income, money management, spending and credit, and saving and investing. It discusses assessing skills and interests, researching careers, workplace expectations, and lifelong learning for career development. It addresses sources of income, taxes, and how career and economic factors affect income. Key money management topics covered are decision making, inflation, insurance, earning, spending, saving, investing, and using financial tools and institutions. The document also outlines evaluating spending decisions, comparing payment methods and credit sources, understanding credit reports and consumer protection laws. Finally, it discusses the relationship between saving and investing, reasons for each, comparing investment types, and agencies that regulate financial markets.
What is Liability Driven Investing - FPA NY 2011Brent Burns
The document discusses liability-driven investing (LDI), which matches investment assets to future liabilities. It describes how splitting assets into multiple sub-portfolios for different purposes like bonds for income and stocks for growth can help clients better understand their allocation strategy. Individual bonds are preferable to bond funds for LDI because they are not subject to interest rate risk and can more accurately match targeted cash flows. The document compares LDI to other income strategies like annuities and dividend stocks.
This document discusses balancing saving for retirement and paying for college. It notes that things were different for previous generations who had lower college costs and more robust pensions. While the most expensive option is paying for an Ivy League education, focusing only on retirement means children may have limited college options. The best approach is open communication where both retirement and college are prioritized, including getting children involved in saving for college. Tax-advantaged retirement accounts can be used for college with some pros and cons. 529 plans are also an option after addressing retirement needs. The document provides details on Alabama's 529 plan options.
What are objectives of investing in mutual fundsFinHos
Since past two decades, the growth percentage of mutual fund industry has seen a noticeable hike. This growth is the result of increased education levels which has penetrated through individual’s mind about understanding their financial requirements.
This document summarizes an investment portfolio containing stocks, bonds, CDs, and discusses whether to invest in money markets. It analyzes several companies' financials and stock performance including Raytheon, SAP, Netflix, and American Italian Pasta Co. It was decided not to invest in money markets due to low interest rates, high fees from banks, and concerns the economy is headed for depression. By diversifying investments across stocks, bonds and CDs maturing at different times, the portfolio is projected to achieve a 10.4% return over 3 years.
This document defines important terms related to student loans. It explains key loan concepts such as principal, interest, grace periods, deferment, forbearance, and default. It also defines the differences between subsidized and unsubsidized loans, as well as private and federal loans. Various fees and repayment schedules are also outlined. The glossary provides clarity around complex loan terminology for student borrowers.
Introduction to investing - for young adultsAbhijit Pal
Introduction to the world of investing - for kids. Generally the web is full of information, but it is difficult to get hold of a presentation, which will help young adults to understand the varieties of investment. It is important to have understanding of investment 101, before attaining the age of investment.
This document discusses personal finance concepts related to earning, spending, saving, and borrowing. It explains that earning involves gaining money through work or owning a business, and career choices, employment opportunities, and ability to advance affect lifetime earnings. Spending involves using money to purchase goods and services, and responsible spending involves planning and considering opportunity costs. Saving puts money aside for future needs and has benefits like providing for emergencies or earning interest. Borrowing obtains money now in exchange for future repayment, and should only be done for amounts that can be realistically repaid. The document emphasizes making responsible financial choices in light of considerations like career impacts, trade-offs, savings benefits, and borrowing obligations.
Types of Insurance Policies Owned by SingaporeansChew Zhan Lun
A project presentation for Money 101, a module offered in Nanyang Technological University on managing our personal finance.
Credits to my group members, Lam Hui Ping, Lee Tyng Tyng, Yvonne, Lui Wei Siang
Unit investment trusts (UITs) are pooled investment vehicles that hold professionally selected stocks, bonds or other securities. UITs offer investors a diversified, buy and hold strategy. Unlike mutual funds, UIT portfolios are static once established, however UITs provide rollover options that allow investors to periodically rebalance and reinvest proceeds from terminated trusts. UITs have grown substantially since the 1970s and now manage over $550 billion in assets, with the majority allocated to equity strategies.
The document discusses key concepts in personal finance including financial literacy, responsibility, and engineering. It outlines the benefits of financial planning such as financial success, security and freedom. Some important terms are defined, including assets, liabilities, savings, investments, inflation and deflation. The concepts of time value of money, compound interest, and future and present values are explained. Rules for calculating future values, compound interest, and present values of lump sums and annuities are provided. The document stresses the importance of risk management through insurance.
This document provides information on financial planning and making good financial decisions. It discusses various financial products like savings accounts, investments, insurance and loans. It emphasizes the importance of financial planning and having clear investment goals based on time horizon. It also highlights tools for financial planning and overcoming emotions to implement a simple financial plan for a financially happy family.
This document is a presentation on the fundamentals of investing. It discusses key investing concepts like savings vs investments, monetary vs investment assets, returns and risks. It also covers different investment tools including bonds, stocks, real estate, mutual funds and index funds. The presentation emphasizes the importance of diversification and having the appropriate risk tolerance for different investment types. It highlights strategies like using tax-advantaged retirement accounts and employer-sponsored plans to maximize returns over the long term.
The document outlines objectives for teaching pharmacy students and pharmacists about personal finance. It discusses the importance of financial literacy for employees and the costs of poor financial behaviors for employers, such as absenteeism and reduced productivity. The summary also describes the key steps in personal financial planning, including determining one's financial situation, setting goals, evaluating alternatives, creating an action plan, and reevaluating. It defines personal balance sheets and cash flow statements as tools for financial planning.
1. The document discusses several investment products and schemes for young Indians including the Public Provident Fund (PPF), Sukanya Samriddhi Account, National Savings Certificate (NSC), and Post Office savings schemes.
2. It then provides details on the PPF such as eligibility, minimum/maximum deposit amounts, interest rates, withdrawal rules, tax benefits, and more.
3. The document also summarizes three new social security schemes recently launched by the Indian government: Pradhan Mantri Jeevan Jyoti Bima Yojana for life insurance, Pradhan Mantri Suraksha Bima Yojana for accident insurance, and Atal Pension Yojana
Income funds invest in debt instruments like government securities, corporate bonds, and money market instruments. They aim to generate returns from opportunities in the debt market. There are 92 income funds classified into sub-categories based on their investment strategies, such as pure income, dynamic strategies, corporate bonds, and banking & PSU debt. While overall returns were moderate, some sub-categories like credit opportunities, corporate bond, and banking & PSU debt funds delivered strong short- and long-term returns. Income funds provide returns through interest income and capital appreciation when bond prices rise as interest rates fall. They carry risks like interest rate risk, credit risk, and liquidity risk.
These two presentations were provided to Abacus Wealth Partners in October 2015 as part of an employee education product training presentation. Please feel free to contact Paul Curley at pcurley@sionline.com or paul.curley.1@gmail.com for a presentation, slides, data, commentary or insight as well.
Twitter: @PaulCurleyBC
This document summarizes the differences between registered investment advisors (RIAs) and registered representatives (stockbrokers) for providing financial advice. It notes that most investors are confused about their fiduciary responsibilities. RIAs are fiduciaries legally required to put clients' interests first, while representatives must only meet suitability standards. The document urges investors to understand the options, consider their needs, and read disclosures carefully to determine the best choice for their situation.
Two in the Pink was an epic kickball team known for their outrageous costumes, elaborate entrances and exits, creative drinking accessories, and memorable antics both on and off the field. They engaged in activities like wearing merkins, shot gunning beers, interpretive dance, karaoke, and near arrests. The presentation highlights the team's history, traditions, and how they brought fun and spirit to every game through grilling, drinking, dancing, and embracing the absurd nature of kickball.
This document provides an overview of advanced estate planning strategies including those aimed at minimizing estate taxes, asset protection, and charitable giving. It discusses techniques such as utilizing each spouse's estate tax exemption, optimizing the marital deduction, dynasty trusts, GRITs, QPRTs, family limited partnerships, private annuities, charitable remainder trusts, and offshore trusts. The document also provides context on the federal estate tax system, changing exemption amounts, and who may benefit from advanced planning.
United Capital is a financial advisory firm established in 2005 with over 90 advisors across 44 offices. It has $16.8 billion in assets under advisory, including $8.53 billion under management and $8.28 billion in consulting assets. The firm has acquired over 40 other advisory teams since inception and is budgeting for $83 million in revenues in 2013, representing 41% annual growth. United Capital provides a centralized platform for acquired firms that handles administration, operations, marketing, and client services, allowing advisors to focus on client relationships. The platform is designed to improve client experiences, support local growth, and create wealth through equity ownership in the growing firm.
This document provides an overview of retirement income planning. It discusses factors to consider such as retirement goals, expected retirement length, healthcare and long-term care costs, sources of retirement income from Social Security, pensions, and personal savings. It outlines the retirement income planning process and components to account for including inflation, taxes, investment risk, asset allocation strategies, withdrawal rates, and order of withdrawals. The document provides guidance on estimating retirement expenses and income needs as well as options for generating retirement income from savings vehicles like bonds, annuities, and different account types.
Phil Wasserman, nationally recognized annuities and retirement planning expert, explains the important of life insurance - specifically, indexed universal life insurance.
This document provides tips from various PHP developers on what to expect and focus on in PHP interviews. It then lists 26 PHP interview questions and provides additional exercises and concepts for candidates to brush up on to prepare for interviews. The questions cover a wide range of PHP topics from syntax and functions to object oriented programming concepts, security practices, and frameworks.
This module discusses investment planning. It begins by explaining the importance of investment planning in the overall financial planning process. It then covers types of investment products and their associated risks and returns. The module discusses how to evaluate investment choices based on a client's goals and needs. It also explains how to create, monitor, and rebalance client portfolios over time. The module teaches how to recommend an appropriate investment portfolio for a client. It emphasizes that higher potential returns generally come with higher risks. Throughout, the module focuses on balancing risks and returns for clients based on their individual risk tolerance and time horizons.
- College costs are rising significantly, with tuition and fees projected to increase by over 5.5% annually on average. This is putting pressure on students and families to take on increasing debt loads to pay for education.
- A 529 plan is a tax-advantaged college savings plan that allows families to save and invest for future college expenses. Contributions to a 529 plan grow tax-free and qualified withdrawals are also federally tax-free.
- Putnam CollegeAdvantage is a 529 plan offered by Putnam Investments. It provides various investment options, tax benefits, and flexibility in managing savings for college. Contributions can be made in lump sums or installments and withdrawals are simple to take for qualified education
Hello, and welcome to the first Investment Bond webinar for 2017 - Investment Bond’s and Education Funding.
Presented by Greg Bird, National manager advice and strategy for investment bonds, Australian Unity Wealth.
Lifeplan Australia Friendly Society ABN 78 087 649 492 AFSL 237989. Property of the Australian Unity Group. Not to be reproduced without permission.
ICEALION LIFE ASSURANCE COMPANY LIMITED POWER PRESENTATION AT IPSOS SYNOVATE ...sangura shadrack
1. The document discusses various financial products and services from Icealion Life Assurance Company including savings/investment plans, children's education plans, endowment plans, retirement savings plans, and personal/family insurance coverage.
2. Key details include different types of funds available in unit linked investment plans based on risk appetite, benefits of endowment plans including annual bonuses and terminal bonuses, and features of anticipated endowment plans providing guaranteed payments at intervals.
3. Requirements for the financial products include completing application forms, providing identification documents, and setting up standing orders for premium payments.
This document summarizes a financial advisory presentation on saving and paying for a child's college education. It discusses factors to consider like the costs of different types of colleges, available financial aid options, federal and private student loans, tax benefits, and savings vehicles like 529 plans. It also addresses developing a financial plan and goal for paying for education.
The Ultimate Guide to Student Loan RepaymentAnik Khan
This presentation is designed for the 44M Americans with student loans. It provides a comprehensive overview of student loan repayment options from pausing payments to income-driven repayment plans and refinancing. It also demonstrates how to objectively evaluate different repayment options and gives tips on how to think about repayment in the context of other financial objectives and decisions.
The document discusses the rising costs of higher education and the various student loan options available to help finance a degree. It outlines 6 major types of loans: Direct Subsidized and Unsubsidized Loans from the federal government, Perkins Loans, PLUS Loans for parents and graduate students, state-specific loans, and private student loans. The loans differ in their eligibility requirements, interest rates, and borrowing limits. The document stresses starting the financial planning and aid application process as early as possible to secure the necessary funding.
529 Frequently Asked Questions touch on what is a 529, 5 year gift averaging, treatment of non-qualified withdrawals and school refunds, circumstance of when the 10% penalty is waived, QHEE & more.
The document provides information to help students and families plan for college costs. It discusses comparing costs for public versus private universities and exploring financial aid options like scholarships, grants, loans, student employment, personal savings accounts and more. The presentation aims to help attendees understand options for paying for college and stresses the importance of starting to plan and save early.
Saber Funds offers pension-backed loan investment programs that allow eligible public employees to borrow against their pension accounts at 3.33% and invest the funds with Saber at higher fixed rates of return. Their flagship Pension Max program invests funds in tax lien certificates and ETFs and offers a 12% annual return, providing investors an 8.67% net spread to repay their loans. The program allows investors to either accept bimonthly disbursements of returns to make loan payments or retain all returns, earning the full 12% annually on their investments. Upon loan satisfaction, investors may rollover funds, deposit in another Saber program, or withdraw their returns.
While employers largely support retirement savings, defined contribution plan participants want more guidance from employers to improve their savings habits. A study found that participants aged 25-54 and those aged 55-65 acknowledged they could save more for retirement but said expenses get in the way of their savings goals. Participants recognized they are not saving enough on their own and would comply with mandatory savings requirements set by employers, but many employers take a hands-off approach. Participants want clear guidelines from employers around automatic enrollment and default contribution rates.
The document discusses strategies for saving for college, as college costs continue to rise significantly each year. It recommends starting a college savings fund as early as possible and saving a portion of projected costs, such as 50%, to use as a down payment with the rest covered through financial aid, loans, or other sources. The document reviews several tax-advantaged college savings options including 529 plans, Coverdell ESAs, U.S. savings bonds, and UTMA/UGMA accounts. While financial aid can help cover costs, the document notes that student loans typically make up the largest percentage of aid packages, so it is important to focus on savings to minimize reliance on loans.
This document discusses strategies for achieving financial goals through proper financial planning. It notes that many life goals like funding education, home ownership, or retirement require a sound financial strategy. The document then discusses services offered through World Financial Group (WFG) to help individuals assess their needs and create a customized plan. Key services and products mentioned include assessing cash flow, managing expenses, debt reduction, life insurance, retirement planning, and investment options. The overall message is that taking control of finances now through working with WFG can help achieve future dreams and goals.
Explore This Opportunity for Yield and Tax-Free Income. Learn about the Near-Term Tax Free Fund (NEARX), a short-term municipal bond fund from U.S. Global Investors.
Education funding with 529 savings plans is an important consideration for families saving for college. College costs have risen significantly in recent years. 529 plans allow tax-advantaged savings for qualified education expenses and come with contribution limits and investment options that vary by state. Key factors to consider include potential state tax benefits, who is eligible to contribute, how funds can be used, and what happens if the beneficiary does not attend college. Financial advisors can help families understand their options for education savings.
The document provides an overview of a three-part seminar on looking after one's financial future. Part 1 covers company valuations, savings schemes, and optimizing taxes. Part 2 focuses on portfolio construction and analyzing individual companies. Part 3 discusses portfolio mixes, selecting index/bond funds, and introducing portfolio analysis. The overall seminar aims to help participants understand investing concepts and make informed financial decisions.
This document discusses creating a retirement income and investment strategy. It emphasizes the importance of planning before investing and outlines 4 steps to constructing a personalized strategy: 1) Estimate retirement expenses, 2) Identify sources of retirement income, 3) Determine tolerance for income variance, and 4) Construct the strategy with a financial professional. A case study example is provided to illustrate how these steps are applied for a hypothetical retiree. The key is to have guaranteed income sources cover essential needs and to work with an advisor to develop a customized plan.
Avoid the Trap: How to Make it Through College Without Becoming a Financial P...Steve Miller, CFA
Learn What Your Expected Payoff From Earning a College Degree Will be
Information on the value and true cost of pursuing a college education can be difficult to find and interpret. Because no one is incentivized to provide it.
Using the quadrant approach students can identify their primary motivation for considering college and the factors to evaluate based on this motivation.
Most students end up needing to take some loans to make it through. It's important for students to understand the implications of this borrowing to ensure the consequences of borrowing are fully understood prior to taking on loans.
Checklists included to help with identifying and tracking all of the factors that should inform students decision on this important matter.
Financial Education - A Family Affair - Budgeting and College Savings Strateg...Jim Stehr
This document provides an overview of budgeting and college savings strategies. It discusses the importance of saving for higher education as part of an overall savings plan by managing a household budget. Various savings options for college are examined, including 529 college savings plans and Roth IRAs. 529 plans allow tax-free growth of contributions and qualified withdrawals for education. While considered assets for financial aid, their low costs and tax benefits are advantageous for college savings.
The document provides details about the Boston Celtics' historic parquet floor. It notes that the floor has been witness to 17 championship banners and is considered one of the most storied surfaces in sports. It is where Celtic pride and legacy of winning took shape. The parquet floor has a detailed intricate pattern and was originally constructed from limited wood sources during WWII. Putnam Investments is proud to partner with the Celtics and be the first logo placed on the parquet floor in front of the bench.
Putnam Investment's 2015 Financial Advisors and Social Media SurveyPutnam Investments
Putnam Investments surveyed over 800 financial advisors to learn more about how they are using social media for business. The findings are the fourth annual iteration of the study.
Financial advisors are increasingly using social media for business purposes. A survey of over 700 advisors found that 75% use social media for business, with LinkedIn being the primary network used by 55% of advisors. Younger advisors and women tend to use social media more, and it is proving effective for many advisors, with 66% reporting having gained new clients through social media. Facebook use is also on the rise among advisors.
U.S. equities continued their impressive advance, with
no significant declines during the quarter. In Europe, policy changes may function as an important tailwind for growth and market performance. Globally, M&A activity has been on the rise, giving a boost to equity prices across the market-cap spectrum. The current bull market has been significant — in terms of both length and magnitude.
The global economy is improving overall, with the U.S. and U.K. leading the way. We expect higher GDP growth from the U.S. to support risk assets in the third quarter. We continue to expect a rise in U.S. interest rates in 2014, though eurozone policy may help slow a near-term increase. We favor credit, prepayment, and liquidity risks, which we express in allocations to mezzanine CMBS, peripheral European sovereigns, select EM sovereigns, and interest-only (IO) CMOs.
Signs of inflation will raise the stakes for the Fed’s policy communications. Favorable conditions for leveraged strategies could reverse quickly. Reasonable valuations and the Fed’s policy goals continue to support risk assets.
We expect rate volatility to remain high as Fed tapering continues and as the U.S. labor market struggles to normalize. In Europe, the European Central Bank has moved a step closer to easier monetary policy, which may drive further spread compression in peripheral sovereign bonds. Recent stability in emerging-market asset markets suggests better data for developing countries could be on the horizon. Our outlook for credit, prepayment, and liquidity risks remains positive.
As Fed tapering unfolds, we expect to see stronger growth from developed markets, while emerging markets in aggregate may experience further currency and capital market weakness. In the United States, declining labor participation continues to drive falling unemployment figures, and may harbor the beginning of a wage inflation surprise.
• We expect credit, liquidity, and prepayment risks will continue to
be rewarded by the market in the months ahead, while interestrate
risk remains unattractive due to its asymmetric risk profile.
No bubble trouble; stocks are still reasonably priced. This credit cycle has unique characteristics that continue to make high-yield bonds attractive. Interest-rate volatility poses greater risk than higher rates themselves.
This document discusses factors that determine how prepared households are for retirement. It introduces the Putnam Lifetime Income Score (LIS), which estimates the percentage of pre-retirement income a household is likely to replace during retirement. The document then outlines three key characteristics of households most prepared for retirement according to their LIS: having access to an employer retirement plan, saving at least 10% of income, and working with a financial advisor. It also notes the importance of planning for healthcare costs in retirement.
The document summarizes Putnam's fixed-income outlook for Q4 2013. It discusses:
1) The Fed surprised markets by not tapering its bond-buying program, keeping rates low for longer but also increasing rate volatility driven by economic data.
2) Putnam believes the decline in labor participation may be more structural than cyclical, potentially leading to rapid policy tightening in 2014 if unemployment falls quickly.
3) Securitized sectors like agency mortgage-backed securities and commercial mortgage-backed securities benefited from Fed policy and remained overweight positions.
If U.S. politics do not derail the recovery, pent-up demand can drive faster economic growth. Fixed-income outflows appear likely to continue, pushing rates higher.
- 50% of financial advisors say their companies impose no restrictions on using social media for business purposes from any location or device.
- Advisors see social media's role in marketing increasing as it is a faster and more cost-effective way to reach clients.
- The majority of advisors use LinkedIn for business purposes like cultivating new clients and relationships. Many have increased their LinkedIn usage as they better understand how to leverage it.
The document discusses Putnam's outlook on various fixed income asset classes in light of the Federal Reserve signaling that it may begin tapering its quantitative easing program. It finds that while interest rates may remain volatile in the near future, many spread sectors now offer attractive risk-adjusted returns. Specifically, it believes mortgage-backed securities, high yield bonds, bank loans, and select investment grade corporate bonds in sectors like utilities and energy provide opportunities for investors. While term structure risk from rising rates remains, security selection and tactical strategies can help add value.
Retirement planning should be based on an understanding of generating a lifetime income stream. Putnam’s Lifetime Income experience has demonstrated a positive influence on participant savings behavior. The U.S. Department of Labor’s goal of adding lifetime income illustrations on pension benefit statements advances the effort to help retirement plan participants make better savings decisions. Rules governing the distribution of this information should be flexible and open to innovation.
Municipal bond prices moved lower during the second quarter, as fears about the Federal Reserve tapering its stimulus program rattled the financial markets. While a handful of states still face some budget pressure for the remainder of their 2013 fiscal year, 45 states reported that they are likely to meet or exceed their revenue projections for fiscal year 2013. Interest-rate volatility and the longer term prospect of higher rates have reinforced our bias toward a more limited duration stance. We continue to overweight essential-service revenue bonds, as well as the A-rated and BBB-rated segments of the market. Our outlook calls for defaults to remain low and continued gradual economic recovery.
Global bond markets fell in May and June, as investors contemplated the end of massive liquidity from the U.S. Federal Reserve’s bond-buying program. The fund’s overweight exposure to the strengthening U.S. dollar aided performance during the quarter, as did our holdings of commercial mortgage-backed securities. Our mortgage credit holdings and our allocation to high-yield bonds generated positive returns early in the period before investors began to shed risk in May, but the positions remained positive overall for the quarter. We have a generally positive outlook for global economic growth and are seeking to capitalize on opportunities in spread sectors exhibiting improved relative value.
The portfolio’s pro-cyclical bias was beneficial as we continued to see a shift in favor of cyclical stocks over defensive sectors. Over the past few years, we have seen a significant expansion in the universe of companies with the ability and willingness to pay a dividend. Given the speed with which stocks have advanced and the introduction of increased interest-rate volatility, I would describe my outlook for equities as cautious for the short term.
Abhay Bhutada, the Managing Director of Poonawalla Fincorp Limited, is an accomplished leader with over 15 years of experience in commercial and retail lending. A Qualified Chartered Accountant, he has been pivotal in leveraging technology to enhance financial services. Starting his career at Bank of India, he later founded TAB Capital Limited and co-founded Poonawalla Finance Private Limited, emphasizing digital lending. Under his leadership, Poonawalla Fincorp achieved a 'AAA' credit rating, integrating acquisitions and emphasizing corporate governance. Actively involved in industry forums and CSR initiatives, Abhay has been recognized with awards like "Young Entrepreneur of India 2017" and "40 under 40 Most Influential Leader for 2020-21." Personally, he values mindfulness, enjoys gardening, yoga, and sees every day as an opportunity for growth and improvement.
BONKMILLON Unleashes Its Bonkers Potential on Solana.pdfcoingabbar
Introducing BONKMILLON - The Most Bonkers Meme Coin Yet
Let's be real for a second – the world of meme coins can feel like a bit of a circus at times. Every other day, there's a new token promising to take you "to the moon" or offering some groundbreaking utility that'll change the game forever. But how many of them actually deliver on that hype?
2. Elemental Economics - Mineral demand.pdfNeal Brewster
After this second you should be able to: Explain the main determinants of demand for any mineral product, and their relative importance; recognise and explain how demand for any product is likely to change with economic activity; recognise and explain the roles of technology and relative prices in influencing demand; be able to explain the differences between the rates of growth of demand for different products.
The Rise of Generative AI in Finance: Reshaping the Industry with Synthetic DataChampak Jhagmag
In this presentation, we will explore the rise of generative AI in finance and its potential to reshape the industry. We will discuss how generative AI can be used to develop new products, combat fraud, and revolutionize risk management. Finally, we will address some of the ethical considerations and challenges associated with this powerful technology.
Seminar: Gender Board Diversity through Ownership NetworksGRAPE
Seminar on gender diversity spillovers through ownership networks at FAME|GRAPE. Presenting novel research. Studies in economics and management using econometrics methods.
Yes of course, you can easily start mining pi network coin today and sell to legit pi vendors in the United States.
Here the what'sapp contact of my personal vendor.
+12349014282
#pi network #pi coins #legit #passive income
#US
Turin Startup Ecosystem 2024 - Ricerca sulle Startup e il Sistema dell'Innov...Quotidiano Piemontese
Turin Startup Ecosystem 2024
Una ricerca de il Club degli Investitori, in collaborazione con ToTeM Torino Tech Map e con il supporto della ESCP Business School e di Growth Capital
Independent Study - College of Wooster Research (2023-2024) FDI, Culture, Glo...AntoniaOwensDetwiler
"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.
3. | 3EO017 281455 4/13
Sources: The College Board, 2012–2013
College costs are rising
Four years of tuition and fees
2012
Public college $37,800
Private college $127,100
$157,801
2030
$362,800
4. | 4EO017 281455 4/13
College debt is also rising
• Student debt nationally has reached $1 trillion,
higher than car loans or credit cards
• Two thirds of the national college class of 2011
finished school with loan debt
• Average student debt: $26,600
Sources: Federal Reserve Bank of New York's Quarterly Report on Household Debt, Q3 2012, Institute
for College Access & Success' Project on Student Debt.,CNNmoney, October 18, 2012
5. | 5EO017 281455 4/13
College still offers
life-long benefits
• Linked to long-term social and physical wellness
• Higher income over lifetime, depending upon major
selected
• Decreased likelihood of unemployment
* Lumina Foundation and Georgetown University's Center on Education and the Workforce, August 15, 2012.
7. | 7EO017 281455 4/13
What is a 529 plan?
• A tax-advantaged way for families to save for college
• Available to investors nationwide
• Proceeds can be used for any accredited college
8. | 8EO017 281455 4/13
Benefits of a 529 plan
• Anyone — regardless of income — can contribute
to the account
• You can change beneficiaries at any time
• Control of the account will not shift to the child
as with traditional savings accounts
• Favorable financial aid treatment
9. | 9EO017 281455 4/13
Benefits of a 529 plan
• Rollovers allowed once every 12 months or upon
change of a beneficiary
• Investment changes allowed once per calendar year
• You have other options if the child does not
attend college
10. | 10EO017 281455 4/13
The tax-smart way to save
• You pay no federal income taxes
– On your earnings while the account is invested
– When you withdraw money to pay for college expenses
• Contributions are made with after-tax dollars
Withdrawals of earnings not used to pay for qualified higher education expenses are subject to tax and a 10%
penalty. State taxes may apply. Withdrawals for qualified higher education expenses subject to tax if the
American Opportunity Credit Scholarship or Lifetime Learning Credit is claimed for same expenses. If withdrawing
funds for qualified higher education expenses from both a 529 account and a Coverdell Education Savings
Account, a portion of the earnings distribution may be subject to tax and penalty on amounts that exceed qualified
higher education expenses. Read the offering statement for details.
11. | 11EO017 281455 4/13
The tax-smart way to save
• Gift tax benefits: Make five years’ worth of gifts
without triggering the federal gift tax
• Maximum for individuals: $70,000 for 2013
• Maximum for married couples: $140,000
12. | 12EO017 281455 4/13
The tax-smart way to save
A 529 account can help decrease your taxable estate while you
maintain control over assets
Married couples filing jointly may contribute up to $140,000 per beneficiary. Individuals may contribute up to $70,000. Contributions are generally
treated as gifts to the beneficiary for federal gift tax purposes and are subject to annual federal gift tax exclusion amount ($40,000 for 2013). Contributor
may elect to treat contribution in excess of that amount (up to $70,000 for 2013) as pro-rated over 5 years. Election is made by filing a federal gift tax
return. While contributions are generally excludable from contributor’s gross estate, if electing contributor dies during 5-year period, amounts allocable
to years after death are includible in contributor’s gross estate. Consult your tax advisor for more information.
Ω
$140,000
Ω
$140,000
Ω
$140,000
Ω
$140,000
Ω
Grandparents
$700,000
Ω
$140,000
14. | 14EO017 281455 4/13
A wide range of investment
choices
• Age-based portfolios
• Goal-based portfolios
• Individual fund options from Putnam and other
firms
• Putnam Absolute Return Funds
15. | 15EO017 281455 4/13
Age-based portfolios
Newborn 4 8 12 18
Conservative portfolio
Stocks
Bonds
Cash
Moderate portfolio
Aggressive portfolio
Actively managed and adjust over time, becoming more conservative
as the child approaches college age
21%
70%
37%
25%
37%
38%
26%
37%
9%
31%
3%66%
85%
100%
15%
Asset allocations shown are target allocations. Actual allocations may vary.
The six age-based and goal-based options invest across four broad asset categories: short-term investments, fixed-income investments, U.S. equity
investments, and non-U.S. equity investments. Within these categories, investments are spread over a range of asset allocation portfolios that
concentrate on different asset classes or reflect different styles.
Each age-based option has a different target date, which is based on the year in which the beneficiary of an account was born. The principal value of
the funds is not guaranteed at any time, including age-based options closest to the college age.
16. | 16EO017 281455 4/13
Goal-based portfolios
Balanced
Allocations shown are target allocations; actual allocations may vary. See the offering statement for
details.
Actively managed and keep the same allocation mix, regardless
of the child’s age
Aggressive growthGrowth
Balanced Option Growth Option Aggressive Growth Option
• Putnam 529 GAA Growth
Portfolio
• Putnam 529 Balanced Portfolio
• Putnam 529 Money Market
Portfolio
• Invests in the Putnam 529 GAA
Growth Portfolio and Putnam
529 All Equity Portfolio
• Invests in the Putnam 529 GAA
All Equity Portfolio
Stocks
Bonds
Cash
100%
85%
15%34%
6%
60%
17. | 17EO017 281455 4/13
Individual investment options
Stocks Bonds Cash
• Putnam Equity Income Fund
Option
• Putnam International Capital
Opportunities Fund Option
• Putnam Voyager Fund Option
• Fidelity Advisor Small Cap Fund
Option
• MFS Institutional International
Equity Fund Option
• Principal MidCap Fund Option
• SSgA S&P 500®
Index Fund Option
• Putnam High Yield Trust Option
• Putnam Income Fund Option
• Federated U.S. Government
Securities Fund: 2–5 years Option
Capital preservation money market:
Putnam Money Market Fund Option*
Build your own portfolio with a range of choices
* Although a money market fund seeks to preserve the value of your investment at $1.00 per share, it is possible to lose money by investing in a money
market fund. Money market funds are not insured or guaranteed by the Federal Deposit Insurance Corporation (FDIC) or any other governmental agency.
The plan involves investment risk, including the loss of principal.
18. | 18EO017 281455 4/13
Absolute Return Funds
• Putnam 529 for America is the only 529 account to offer a suite of absolute
return funds as an investment option
• The funds target positive 3-year returns of 1%, 3%, 5%,
or 7% above inflation as measured by T-bills and
with lower relative volatility
Absolute return investing can
be an ally in helping to navigate
today’s market volatility
Chart does not represent the performance of Putnam Absolute Return Funds. Actual performance can be found on putnam.com.
The funds’ strategies are designed to be largely independent of market direction, and the funds are not intended to outperform stocks and bonds during
strong market rallies. There is no guarantee that the funds will meet their objectives.
Putnam Absolute
Return 100
Putnam Absolute
Return 300
Putnam Absolute
Return 500
Putnam Absolute
Return 700
+7%
+5%
+3%
+1%
® ® ® ®
19. | 19EO017 281455 4/13
Putnam Absolute Return Funds
Putnam
Absolute Return
100 Fund®
option
Putnam
Absolute Return
300 Fund®
option
Putnam
Absolute Return
500 Fund®
option
Putnam
Absolute Return
700 Fund®
option
For investors considering
short-term securities.
Invests in bonds and cash
instruments.
For investors considering
a bond fund. Invests in
bonds and cash
instruments.
For investors considering
a balanced fund. Can
invest in bonds, stocks, or
alternative asset classes.
For investors considering
a stock fund. Can invest in
bonds, stocks, or
alternative asset classes.
The funds’ strategies are designed to be largely independent of market direction, and the funds are not intended to outperform stocks and bonds during strong market rallies.
Consider these risks before investing: Our allocation of assets among permitted asset categories may hurt performance. The prices of stocks and bonds in the fund’s portfolio may fall
or fail to rise over extended periods of time for a variety of reasons, including both general financial market conditions and factors related to a specific issuer or industry. Our active trading
strategy may lose money or not earn a return sufficient to cover associated trading and other costs. Our use of leverage obtained through derivatives increases these risks by increasing
investment exposure. Bond investments are subject to interest-rate risk, which means the prices of the fund’s bond investments are likely to fall if interest rates rise. Bond investments also
are subject to credit risk, which is the risk that the issuer of the bond may default on payment of interest or principal. Interest-rate risk is generally greater for longer-term bonds, and credit risk
is generally greater for below-investment-grade bonds, which may be considered speculative. Unlike bonds, funds that invest in bonds have ongoing fees and expenses. Lower-rated bonds
may offer higher yields in return for more risk. Funds that invest in government securities are not guaranteed. Mortgage-backed securities are subject to prepayment risk. International
investing involves certain risks, such as currency fluctuations, economic instability, and political developments. Additional risks may be associated with emerging-market securities, including
illiquidity and volatility. The use of derivatives involves additional risks, such as the potential inability to terminate or sell derivatives positions and the potential failure of the other party to the
instrument to meet its obligations. The fund may not achieve its goal, and it is not intended to be a complete investment program. The fund’s effort to produce lower volatility returns may not
be successful and may make it more difficult at times for the fund to achieve its targeted return. In addition, under certain market conditions, the fund may accept greater volatility than would
typically be the case, in order to seek its targeted return. For the 500 Fund and 700 Fund these risks also apply: REITs involve the risks of real estate investing, including declining
property values. Commodities involve the risks of changes in market, political, regulatory, and natural conditions. Investments in small and/or midsize companies increase the risk of greater
price fluctuations. Growth stocks may be more susceptible to earnings disappointments, and value stocks may fail to rebound. Additional risks are listed in the funds’ prospectus.
21. | 21EO017 281455 4/13
$500 monthly contributions at a
hypothetical 6% annual growth rate
5 years 10 years 18 years
$163,477
Hypothetical
taxable
account value
$193,677
Hypothetical
529
account value
$81,940
$75,007$34,885
$33,446
Your savings
accumulate faster
because account
is not taxed
This example assumes contributions of $500 per month, a hypothetical 6% nominal rate of return compounded monthly with an effective return of
6.17%, and a 28% tax bracket for the taxable account. Performance shown is for illustrative purposes and is not related to an actual investment. Regular
investing does not ensure a profit or protect against loss in a declining market. Capital gains, exemptions, deductions, and local taxes are not reflected.
Certain returns in a taxable account are subject to capital gains tax, which is generally a lower rate than ordinary income tax rates and would make the
investment return for the taxable investment more favorable than reflected on the chart. Investors should consider their personal investment horizon and
income tax brackets, both current and anticipated, when making an investment decision. These may further impact the results of the comparison.
22. | 22EO017 281455 4/13
The Smith family
waits 10 years
to start saving,
contributing
$1,219 every month
Total contribution
$117,024
The Jones family
starts saving today,
contributing
$340 every month
Total contribution
$73,440
Start early, contribute often
This chart is for illustrative purposes only and is not intended to be representative of past or future performance.
The Jones family saves $340 monthly for 18 years. The Smith family saves $1,219 monthly for 8 years. Assumes a
hypothetical 8% annual return compounded monthly.
Earnings
$89,714
Account value
$163,154
after 18 years
Earnings
$46,130
Account value
$163,154
after 8 years
23. | 23EO017 281455 4/13
The Jones
grandfather
makes an initial
contribution of
$14,000
Total
contribution
$62,816
The Jones parents
contribute $226 every
month
Let the whole family contribute
This chart is for illustrative purposes only and is not intended to be representative of past or future performance.
The Jones grandfather makes a lump-sum contribution of $14,000 today. The Jones parents contribute $226 each month.
Assumes a hypothetical 8% annual return compounded monthly.
Earnings
$104,492
Account value
$167,308
after 18 years
25. | 25EO017 281455 4/13
A gift of $70,000 in 2013 would constitute five years’ worth of gifts. Additional gifts made for the same beneficiary in the same five-year period would be
subject to federal gift taxes. Election is made by filing a federal gift tax return. If the electing contributor dies during the 5-year period, amounts allocable
to year after death are inducible in the contributor’s gross estate.
* Contribution limit as of 1/1/13. Subject to periodic review.
How much can you contribute?
• No minimum investment
• Contributions can occur until the account value
reaches $370,000*
• Contribute five years’ worth of gifts in a single year
26. | 26EO017 281455 4/13
Many ways to contribute
• Invest a lump sum
• Establish a dollar cost averaging program
• Establish a systematic investment program
from your bank
• Encourage contributions with gift certificates
Systematic investing and dollar cost averaging do not assure a profit or protect against loss in a
declining market. You should consider your ability to continue investing during periods of low prices.
27. | 27EO017 281455 4/13
Withdrawals are easy
• You tell us how to
make out the check
• Mail the completed form
to Putnam Investments
Withdrawals of earnings not used to pay for qualified higher education
expenses are subject to tax and a 10% penalty. State taxes may apply.
29. | 30EO017 281455 4/13
Not FDIC
Insured
May Lose
Value
No Bank
Guarantee
Delete “They are the faces of the future”
Editor's Notes
College costs are going up. Using a conservative 5.5% inflation rate, if current trends continue, in 18 years tuition could cost over $158,000 at a public college. Whereas, tuition at a private college would be projected to total over $363,000.
Few students can afford to pay for college without some form of education financing. Undergraduate students receive 46% of their funding in the form of grants and 49% in the form of loans, including alternative nonfederal loans. The proportions for graduate students are 33% grants and 64% loans. Two thirds (65.7%) of 4-year undergraduate students graduate with some debt, and the average student loan debt among graduating seniors is $26,600 (excluding PLUS Loans but including Stafford, Perkins, state, college, and private loans). This level of debt seems even more daunting when you consider that the median salary for a graduate with a bachelor ’ s degree is $50,900. Graduate and professional students borrow even more, with the additional debt for a graduate degree ranging from $27,000 to $114,000.
Study released last August by the Lumina Foundation and Georgetown University's Center on Education and the Workforce, seems to thoroughly demolish the idea that the Great Recession diminished the value of a college degree. Yes, recent college grads have struggled more than usual to find jobs matching their training. But overall, even as unemployment was rising past 10 percent, the authors found the economy actually added 200,000 jobs for workers with a bachelor's degree. Since the recovery began, it has created 2 million more. Just as there wasn't really a recession, at least in terms of job creation, for those with college degrees, there hasn't been a recovery for those without them. Nearly 6 million high-school-only jobs have been lost since the downturn began, and they are still declining even in the recovery. "Since the recovery started two years ago, we've seen a real acceleration. The gap between those with a college credential and those without one is growing." The unemployment rate for all four-year graduates is 4.5 percent. For recent graduates, it's 6.8 percent. For recent graduates trying to work with only a high school diploma, it's nearly 24 percent. Overall, the number of jobs for people with at least some college is growing at a healthy 4 percent annually. But the growth rate for high-school-only jobs is zero, and those jobs remain 10 percent below their pre-recession levels. College Costs: New Research Weighs The True Value Of A College Education By JUSTIN POPE 08/20/12 04:05 PM ET Huff Post/Money The U.S. Bureau of Labor Statistics, BLS, and other sources show that higher levels of education are linked to higher wages and lower levels of unemployment. In 2011, the BLS stated that the average rate of unemployment across workers of all levels of education was 7.6 percent. However, among those who had not completed a high school diploma, unemployment was at 14.4 percent. For those who had a high school diploma or equivalent, the unemployment rate dropped to 9.4 percent.
Like most major financial goals, financing a college education requires planning. A 529 plan offers many benefits for families who want to save for college.
Originally, 529 plans were designed to help state residents pay for in-state public universities. In the 1990s, they became available to investors nationwide when Congress built the plans into the Internal Revenue Code (Section 529). Proceeds from a 529 account can be used at any accredited college to pay for tuition, fees, room and board, books, and other qualified expenses. The earnings in a 529 account are not taxed, so your savings can accumulate faster than they would in a taxable account.
A key benefit of a 529 plan is that anyone can contribute on behalf of the beneficiary — parents, grandparents, aunts, uncles, and friends. Contributions can be as high as $370,000 over the life of the account. If you have a change in plans — for example, your child receives a scholarship or decides not to attend college — you can switch the account to another beneficiary. You can change the beneficiary as many times as you like, providing it is a family member, as defined by the IRS. You can even name yourself as beneficiary. Another option, if your child doesn ’ t go to college, is to leave the money invested in the plan for later use. However, if you use your savings for non-qualified expenses, the earnings portion will be taxed at the recipient ’ s tax rate and will be subject to a 10% additional tax. Another benefit is control. As account owner, you retain control over withdrawals for the life of the account. This benefit is not offered by non-529 education savings accounts, such as UGMAs or UTMAs, which transfer control to the child when the child reaches legal age.
A key benefit of a 529 plan is that anyone can contribute on behalf of the beneficiary — parents, grandparents, aunts, uncles, and friends. Contributions can be as high as $370,000 over the life of the account. If you have a change in plans — for example, your child receives a scholarship or decides not to attend college — you can switch the account to another beneficiary. You can change the beneficiary as many times as you like, providing it is a family member, as defined by the IRS. You can even name yourself as beneficiary. Another option, if your child doesn ’ t go to college, is to leave the money invested in the plan for later use. However, if you use your savings for non-qualified expenses, the earnings portion will be taxed at the recipient ’ s tax rate and will be subject to a 10% additional tax. Another benefit is control. As account owner, you retain control over withdrawals for the life of the account. This benefit is not offered by non-529 education savings accounts, such as UGMAs or UTMAs, which transfer control to the child when the child reaches legal age.
Tax advantages are another reason the 529 plan is the most popular way to save for college. With a 529 plan, you pay no federal income taxes on your earnings while your account is invested. Also, you pay no federal income taxes on withdrawals to pay for qualified expenses such as college tuition, room, and board. Withdrawals of earnings not used to pay for qualified higher education expenses are subject to taxes and penalty. While qualified withdrawals are federally tax free, state taxes may apply.Your tax advisor or financial representative can help you determine what ’ s best for you in terms of tax consequences.
A 529 account offers a special gift tax exclusion that allows you to make five years ’ worth of gifts in a single year to a single beneficiary without triggering the federal gift tax. [Contributions are generally treated as gifts to the beneficiary for federal gift tax purposes and are subject to the annual federal gift tax exclusion amount ($14,000 for 2013). Contributor may elect to treat contributions in excess of that amount (up to $70,000 for 2013) as prorated over 5 years. Election is made by filing a federal gift tax return. While contributions are generally excludable from contributor ’ s gross estate, if electing contributor dies during the 5-year period, amounts allocable to years after death are includible in contributor ’ s gross estate. Consult your tax advisor.]
A 529 account can also help with estate planning. In certain cases, contributions to a 529 account can be removed from your estate for tax purposes — yet you will retain control over the assets. This benefit is unique to 529 plans. In this illustration, these grandparents were able to remove $700,000 from their estate in one year, while contributing to the 529 accounts for five grandchildren. In addition, they retain control over the assets for the life of the accounts.
Since offering one of the first 529 college savings plans in the country a decade ago, Putnam Investments has been helping families across America build their futures. Putnam ’ s college savings plan — Putnam 529 for America — is backed by Putnam ’ s expertise in 529 plan administration, industry-recognized customer service, and investing expertise. Investors across the country can invest in the plan and proceeds can be used to attend school in any state. Putnam has over 75 years of investment experience. The firm was founded in 1937 with one of the first mutual funds to combine stocks and bonds in a single portfolio. Today, Putnam offers a wide range of stock, bond, multi-asset, and absolute return portfolios designed for diverse financial goals.
Putnam 529 for America offers many ways to invest your college savings.
Think of the age-based portfolios as being on “ automatic pilot. ” As the child approaches college age, each portfolio automatically becomes more conservative — with fewer stocks and more fixed-income investments. In addition, the portfolio is rebalanced quarterly to make sure it stays on track. For example, let ’ s take a look at the Conservative portfolio. It begins with a ratio of 66% stocks, 31% bonds, and 3% cash. When the beneficiary is age 21, the investment mix is considerably more conservative — 9% stocks, 21% bonds, and 70% cash.
Goal-based portfolios are designed to meet specific goals and levels of risk tolerance. Each portfolio maintains the same investment mix, regardless of the age of the child. Let ’ s look at the balanced portfolio, which is designed to offer a balanced approach, with more moderate potential returns and less risk than the growth or aggressive growth portfolios. It typically has a mix of 60% stocks, 34% bonds, and 6% cash, with maximum and minimum band ranges, although the target allocation may change from time to time as market conditions warrant. The Growth Portfolio offers potentially higher returns with a greater risk of principal loss. It has a targeted allocation of 85% stocks and 15% bonds. It may help you accumulate savings more rapidly than the Balanced Portfolio, but it comes with the potential for greater risk. The Aggressive Growth Portfolio offers the potential for the highest returns over time, along with a correspondingly higher risk of principal loss. It has a targeted allocation of 100% stocks.
You may also build your own portfolio of investment options. Putnam 529 for America offers several options that invest in a variety of professionally managed mutual funds. The options cover the risk/reward spectrum so you can create a portfolio tailored to your specific needs.
Finally, I want to tell you about a feature that ’ s unique to Putnam 529 for America — the option to invest in Putnam Absolute Return portfolios. Absolute Return portfolios are designed to help you meet your college savings goals while pursuing lower volatility than more traditional mutual fund investments. The funds seek a positive return that exceeds the rate of inflation — as reflected by Treasury bills — over a period of three years, regardless of market conditions. If you are concerned about market volatility, you might consider these portfolios.
There are four Absolute Return choices. They seek returns that exceed the rate of inflation by 1% (100 Fund), 3% (300 Fund), 5% (500 Fund), and 7% (700 Fund) The funds invest in a wide range of securities in markets around the globe. The mix of investments is shifted as opportunities change, and the funds use progressive tools to help control risk. The funds have the potential to outperform general markets during periods of flat or negative returns. Since 1999, Putnam has managed absolute return strategies for institutional clients.
Now, a 529 plan is an investment account. Let ’ s talk about ways to make the most of this investment.
First, let ’ s take a look at the benefit of tax-deferred savings. As this example shows, your savings will accumulate faster than they would in a taxable account because there is no tax on your earnings.
Another way to make the most of your 529 account is to take advantage of a time-tested strategy — start saving early, and contribute as much as you can. In this example, the Jones family has a newborn and starts saving right away. Working with their financial advisor, they determined that they must contribute $340 each month to their account to pursue their goal. The Smith family waits 10 years to start saving. They can still meet their goal, but they have to contribute considerably more — $1,219 — each month. The sooner you start contributing, the easier it will be to pursue your college savings goals. Remember, systematic investing does not assure a profit or protect against loss. You should consider your ability to continue investing during periods of low prices.
In this example, we see what financing a college education might be like if the whole family gets involved. The Jones grandfather makes an initial lump-sum contribution of about $14,000, leaving the Jones parents to contribute $226 a month in order to meet their savings goals.
You can contribute as much or as little as you wish until the account value reaches $370,000. Anyone else can contribute to the account as well. As we discussed earlier, you can also make five years ’ worth of contributions all at once, putting up to $70,000 (or $140,000 for couples filing jointly) to work in your account without triggering the federal gift tax. This may be a lot more money than you have on hand, but it may make sense for a grandparent or other relative who wants to help and is also looking for a way to reduce the size of his or her taxable estate.
There are a number of ways to contribute to the account: You can make a lump-sum investment You can sign up for a systematic investment plan using payroll or bank account deductions A dollar cost averaging program allows you to gradually transfer a lump-sum contribution from one investment option to another You can order gift certificates that friends and relatives can use to make contributions to your account. Systematic investing and dollar cost averaging do not assure a profit or protect against loss in a declining market. You should consider your ability to continue investing during periods of low prices.
When you ’ re ready to withdraw your savings, simply fill out a single form, indicate how the check should be made out, and mail the form to Putnam. The money can then be sent to the account owner, to the beneficiary, or directly to the college or university the student is attending.
Contact me. I ’ m here to answer any questions you have about saving for college or Putnam 529 for America. You can also access and manage your account online, or call 1-877-PUTNAM529 for assistance. Thank you for coming.