World Financial Group, Inc. is a financial services marketing company that offers various financial products and services through its affiliates. It has insurance agency affiliates in several states that offer insurance products. World Financial Group, Inc. and its insurance affiliates are affiliated companies headquartered in Johns Creek, Georgia.
In this edition of Return On Investment, we have included information on the following topics:
1. The Importance of Risk Control
2. Are You Nearing the Age of 71?
3. Pension Reform: The CPP is Set to Change
4. Transferring Wealth: Preparing Your Heirs
5. Unclaimed Balances: Are Funds Owed to You?
6. Year-End Tax Planning Considerations
In this edition of Return On Investment, we have included information on the following topics:
1. The Importance of Risk Control
2. Are You Nearing the Age of 71?
3. Pension Reform: The CPP is Set to Change
4. Transferring Wealth: Preparing Your Heirs
5. Unclaimed Balances: Are Funds Owed to You?
6. Year-End Tax Planning Considerations
A special report that discusses what to do with your tax refund, specifically strategies to optimize the use of your income tax refund; saving for your future, improving your financial well-being, addressing risk management strategies, education savings, reducing non-deductible debt, RRSP or non-registered savings, contributing to a Tax-Free Savings Account (TFSA), building an emergency fund and receiving your tax fund earlier than expected.
As a result of RRSP contributions, interest expenses, tax shelter deductions or various other tax deductions and credits, your clients may be expecting, or have recently received, an income tax refund from the Canada Revenue Agency (CRA). If they have received a tax refund, it may be a good opportunity to determine if they can use some or all of it to improve their financial well-being. This special report will discuss some strategies that may help them use their income tax refund more wisely and assist them in meeting their financial goals.
Retirement planning is a constantly changing subject. John Friar, AIF, of HJB Financial walks employers through the new landscape of retirement planning.
Proper financial planning critical for womenjolie111
A key goal of investing for retirement is making sure you save enough to make your money last throughout your lifetime. On this score, women may need to save more than men.
For Those Who Want to Prosper & Thrive in Retirementfreddysaamy
http://ekinsurance.com/financial/retirement/
Our core capital should be designed to outlive us. In fact, it’s important for you to start thinking about your money in terms of it outliving you, not the other way around. You don’t want to outlive your money.
A special report that discusses what to do with your tax refund, specifically strategies to optimize the use of your income tax refund; saving for your future, improving your financial well-being, addressing risk management strategies, education savings, reducing non-deductible debt, RRSP or non-registered savings, contributing to a Tax-Free Savings Account (TFSA), building an emergency fund and receiving your tax fund earlier than expected.
As a result of RRSP contributions, interest expenses, tax shelter deductions or various other tax deductions and credits, your clients may be expecting, or have recently received, an income tax refund from the Canada Revenue Agency (CRA). If they have received a tax refund, it may be a good opportunity to determine if they can use some or all of it to improve their financial well-being. This special report will discuss some strategies that may help them use their income tax refund more wisely and assist them in meeting their financial goals.
Retirement planning is a constantly changing subject. John Friar, AIF, of HJB Financial walks employers through the new landscape of retirement planning.
Proper financial planning critical for womenjolie111
A key goal of investing for retirement is making sure you save enough to make your money last throughout your lifetime. On this score, women may need to save more than men.
For Those Who Want to Prosper & Thrive in Retirementfreddysaamy
http://ekinsurance.com/financial/retirement/
Our core capital should be designed to outlive us. In fact, it’s important for you to start thinking about your money in terms of it outliving you, not the other way around. You don’t want to outlive your money.
To paraphrase Dickens, there’s a lot of controversy today about whether we live in the best of times or worst of times concerning retirement. On the one hand, many Americans generally have some kind of retirement support, if you include Social Security, Medicare, private and public pension plans, and the many types of pre-tax retirement plans, such as IRAs and 401(k)s.
On the other hand, demographic and economic forces are making retirement itself a much bigger challenge, primarily because people live longer now. That means you need to work and save enough today to somehow pay for later without employment — a tall order. And recent market upheavals have demonstrated that you may not be able to rely on the stock market in the short term to pay the bill.
This presentation will introduce you to strategies that could help you to potentially build a bigger nest-egg during your working years, make it last longer in retirement, and even pass on more to your heirs.
Because, after all, retirement should be a time to finally relax, stop worrying and enjoy life. But you can’t escape the daily grind until you are financially independent, which in the end is what retirement is all about. So bottom line, let’s talk about working toward financial independence.
We provide a business platform to
associates, which gives the support
and systems they need to build
strong businesses and create better
lives for themselves.
Many financial services companies focus on
only the wealthy few; thus many individuals
and families are grossly underserved.
There is an overwhelming need to help
middle-income individuals and families with
their finances, but there is an insufficient
number of companies that are willing to
help them.
This is a presentation for Blue Edge Financial Planning for a post on their Facebook page.
It is their Spring newsletter.
You can follow them on Facebook at:
http://www.facebook.com/blueedgefinancialplanning
http://ekinsurance.com/financial/retirement/
If you are near retirement or have retired, listed below are several common mistakes that occur in the arena of financial planning for retirement that you can plan now to avoid.
Women have unique financial issues and needs. This presentation discusses 15 of the most common misconceptions women have about general financial strategies, retirement and estate planning, insurance, as well as money and relationships. It provides guidance on strategies to help women manage their finances.
2. Now is the time to establish a budget - and stick to it - in order to manage
your expenses and increase your cash flow. Eliminating debt and building an
emergency fund are your top priorities.
Hitting Your Stride in your 40s 50s
As you become free from consumer debt and increase your disposable income,
your full focus should be on building wealth for your future and children’s
education. Estate planning and long term care are also on your mind with
good reason.
The Impact of Losses
Proper insurance coverage can help you guard against the impact of losses.
At this stage losses are magnified because you not only have to recoup what
was lost, but catch up to the progress you were making.
This chart shows why a 50% loss in an account then requires a 100% gain just
to get even.
Starting Out in your 20s
Responsibilities such as student loans and credit cards are often at their
highest when your cash flow is at its lowest. It’s important to have a strategy
to manage or eliminate your debt.
The X-Curve
Living On Your Terms in your 60s up
After years of careful planning and commitment to your goals, you’ll
continue to discover that financial independence still requires work in the
form of estate planning and deciding how to enjoy each day in retirement.
Having an estate plan in place will help:4
• Avoid probate costs (3-8%5
of your total assets)
• Manage estate taxes. Current tax law exempts estates valued up to
$5,250,000 from estate taxes, but estates valued more than that can be
taxed up to 40%.6
• Ensure your legacy reaches your intended heirs
• Establish medical and financial powers of attorney so that your finances
and health are taken care of should you become incapacitated
The 3-Legged Stool
$286.45
/mo
$1,697.73
/mo
$5,466.09
/mo
$13,609.73
/mo
40
yrs
20
yrs
10
yrs
5
yrs
That’s exciting to think about. But consider the interest rate on your credit
card. Is it 18%? Higher? The Rule of 72 can work against you just as
powerfully as it can work for you. Debt management is still important.
The Rule of 72 doesn’t consider taxes. Taxes can increase the amount of time
it takes for money to double. Your financial professional can help you develop
a strategy that considers the impact of taxes.2
Establishing Yourself in your 30s
As your income grows, perhaps along with a young family, you can begin to
look beyond debt to building wealth and protecting loved ones with proper
insurance coverage.
The Rule of 721
The Rule of 72 is an estimation of the time it takes for money to double.
Divide the number 72 by the rate of return, and the result is the approximate
number of years for money to double.
Notice how a $5,000 investment at age 29 doubles faster as the rate
of return increases.
The Cost of Waiting3
Just as loss can be expensive, so can waiting. Perhaps it’s taking you longer than
expected to pay off your consumer debt. Circumstances like these and others,
such as the rising cost of living, can keep you from thinking about the future.
This chart shows how much you need to set aside each month to reach a $1
million retirement goal, based on a monthly compounded rate of return in a
hypothetical 8% tax-deferred account. No matter where you are in life or in
building a financial strategy, the key is to begin saving now.
The Three-Legged Stool refers to the traditional retirement income model
which was composed of a Social Security check, a company pension, and
your personal savings. When Social Security started there were 42 people
working for every one retired.7
Last year it was less than three to one.
Pensions are becoming a thing of the past, which leaves personal savings.
With the 3-legged stool of retirement all but crumbled, there has been
a shift to personal responsibility. It’s important to learn the right balance
between what you spend now and what you save for later.
Working with your financial professional is the best way to prepare for
the future and for how you’ll live life on your terms.
Personal
Savings
Social
Security
Company
Pensions
$10,000
$20,000
$20,000
$40,000
$10,000
$40,000
$10,000
$320,000
$80,000
$20,000
$20,000
$10,000
$80,000
$40,000
65
59
56
53
47
41
38
35
29
$160,000
AGE
Younger Older
Generally
Less
Secure
Generally
More
Secure
50%
Gain
$7,500
$10,000
$10,000
$5,000
100%
Gain
50%
Loss
The six steps should be factored into
each stage of life, but here the focus is
on the steps most relevant and typical
to each stage.
$5,000 $5,000 $5,000$5,000
4% 8%6% 10%