A 90-minute lunch & learn workshop about women, money, and personal finance for the New Jersey State Federation of Women's Clubs of GFWC during their annual convention in Atlantic City, New Jersey on May 6, 2014. This presentation contains the 7 habits of highly effective women, explanation of personal financial planning, the Rule of 72, and a 6 step plan to create personal wealth.

1. New Jersey State Federation of Women’s Clubs
of GFWC Annual Convention
“Everything Old is New Again…Again”
May 6, 2014
Presented by Mark S. Germain, CFP®, MBA, ADPA®
and Tina Powell of Beacon Wealth Management

2. 
Everything in this presentation today is intended to be educational in
nature, and hopefully will assist you in reaching your financial goals.
However, it is all general in nature, and not specific to any of you or your
circumstances. Nothing we say here today can replace real investment
advice that is rendered after a thorough review of your financial situation.
Important Disclosure
2NJSFWC of GFWC Annual Convention5/6/2014

3. 
 Support Women in Leadership
 Created Financial Boot Camps for Women Series
 Educational Seminars at Fairleigh Dickinson University,
New York University, Northeastern University, and more
 Fairleigh Dickinson University Board of Governors
 Southern Connecticut State University School of Business
Advisory Council
 TD Ameritrade Institutional Advisor Panel
 The Sohn Conference Foundation
“Volunteers in Action”
3NJSFWC of GFWC Annual Convention5/6/2014

4. 
I. How Beacon Defines Wealth
II. The 7 Habits of Highly Effective Women
III. What is Financial Planning
IV. Case Studies – The Lens of Financial Planning
I. Change of Plans
II. Recently Divorced
III. Now a Widow
V. The Plan
VI. The Risks
VII. The Solutions
Lunch & Learn Agenda
4NJSFWC of GFWC Annual Convention5/6/2014

5. 
 Take care of people we love
 Provide for our families, children, and grandchildren
 Help the next generation
 Spend time doing things we love
 Giving back to our communities
 To find our purpose
 Making a difference
Wealth is the ability to fully experience life.
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6. 6
Me & Dad
2003
NJSFWC of GFWC Annual Convention5/6/2014

7. 
1. Pay yourself first
2. Know where things are
3. Spend less money than you make
4. Automate savings
5. Put your money to work and invest it
6. Speak up and lean in
7. Negotiate
The 7 habits of highly effective women
by Tina Powell
7NJSFWC of GFWC Annual Convention5/6/2014

8. 
About one out of every four 65-year olds today
will live past age 90, and one out of 10
will live past age 95.
8
Source: Social Security Administration Online
http://www.ssa.gov/planners/lifeexpectancy.htm
Live
NJSFWC of GFWC Annual Convention5/6/2014

9. 
Today, women still make only 77 cents to
every man’s dollar, and the pay gap is even
wider for women of color.
9
Source: The White House
http://www.whitehouse.gov/the-press-office/2014/04/07/presidential-
proclamation-national-equal-pay-day-2014
Earn
NJSFWC of GFWC Annual Convention5/6/2014

10. 
One-third (34%) of women take care of
two or more people, and the average age
of a female caregiver is 48.
10
Source: Family Caregiver Alliance®
http://caregiver.org/selected-caregiver-statistics
Sacrifice
NJSFWC of GFWC Annual Convention5/6/2014

11. Personal financial planning is defined by the
Certified Financial Board of Standards, Inc., as “the
process of determining whether and how an
individual can meet life goals through the proper
management of financial resources.”

12. 
1. Insurance planning
2. Risk management planning
3. Investment planning
4. Income tax planning
5. Group benefits planning
6. Retirement planning
7. Estate planning
The planner may work in one specific area of
planning or advise clients in a number of areas.
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13. 
13
If you don’t know where you are going,
you will never get there.
NJSFWC of GFWC Annual Convention5/6/2014

14. 
14
Everyone has different goals – a financial
plan is specific to the individual.
 Case studies are used for
illustrative purposes
 No one situation is right
for everyone
 What worked for others
may not work for you
 Solutions may change over
time – tax, state, and
federal laws are dynamic
NJSFWC of GFWC Annual Convention5/6/2014

15. 
Sources of
Income
Social Security
401(k)
IRA
Pension
Profit sharing
Uses of
Income
Maintain current
lifestyle
Basic living expenses
Taxes
Caring for others
Is it
enough?
Inflation effect
Cash is not a strategy
Law of compounding
Rule of 72
15
Financial planning attempts to answer:
“Do I have enough money?”
NJSFWC of GFWC Annual Convention5/6/2014

16. 
Rule of 72
16
72
Interest Rate
=
Years Needed to
Double Investment
72
Years Needed to
Double Investment
=
Interest Rate
Required

17. 
Compound Interest & Rule of 72
17

18. 
Case Studies
Financial Planning in Action
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19. 
 The challenge: A surgeon at a major medical center forced
to retire 3-5 years earlier than expected.
 The implementation:
 Analysis of hospital contract
 Protect assets
 Build cash flow map
 Plan relocation of residence
 The results: A plan to meet their retirement income needs.
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“Change of Plans”
Early Retirement Case Study
NJSFWC of GFWC Annual Convention5/6/2014

20. 
 The challenge: Recently divorced women with 4 kids
receiving near zero in support from her ex-husband.
 The implementation:
 Created budget of needs vs wants
 Maximized pension savings
 Managed debt to budget
 Minimized income tax
 The results: A plan to automate savings and build wealth
while paying for college.
20
“Recently Divorced”
Cash Management Case Study
NJSFWC of GFWC Annual Convention5/6/2014

21. 
 The challenge: A recent widow must manage a life alone.
 The implementation:
 Provide emotional and moral support
 Help with Probate and Will process
 Transition to guardianship of husband’s special child
 Manage insurance settlement and investment process
 The results: A life plan that provides income, protection, and
security.
21
“Now a Widow”
Life Planning Case Study
NJSFWC of GFWC Annual Convention5/6/2014

22. 
The Plan
“Planning ahead is a measure of class. The rich and
even the middle class plan for future generations, but
the poor can plan ahead only a few weeks or days.”
Gloria Steinem
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23. 
Where Is It? And this is only a partial list.
 Birth certificate
 Passport
 Valid driver’s license
 Marriage license
 Divorce decree
 Prenup agreements
 Bank accounts
 Saving accounts
 Investment accounts
 Retirement accounts
 College savings accounts
 Tax returns
 Wills
 Trusts
 Powers of attorney
 Health care proxy
 Insurance policies
 Real estate deeds
 Credit cards
 Keys/combinations
 Online passwords
 Bills 23

24. 
• List all resources
Statements,
documents,
paperwork
1. Organize
and Find
• Specific and
measurable
• Quantitative and
time sensitive
• Realistic
2. Set Goals
• What are the uses of
the resources
• Create budget
• Prioritize needs over
wants
3. Prioritize
Needs
24
Your 6 Step Plan To Create
Personal Wealth – Part 1
NJSFWC of GFWC Annual Convention5/6/2014

25. 
• Get help
• Investments, tax,
insurance, estate
• Your own Board of
Directors
4. Build the
Plan
• Select investments
• Automate
• Ongoing
commitment
5. Implement
• Know where you
stand against your
target
• Measure
• Change as needed
6. Evaluate
and Modify
25
Your 6 Step Plan To Create
Personal Wealth – Part 2
NJSFWC of GFWC Annual Convention5/6/2014

26. 
Estate Planning Basics
 Must work with an estate planning attorney
 Wills and trusts
 All required documents
 Important decisions to make
 Beneficiaries and contingent beneficiaries
 Naming an executor
 Guardianship of your children
 Appointing a trustee
 Passing assets to next generation
 While you are alive and well
 Health care proxy
 Living will
 Power of attorney
26

27. 
The Risks
“A bend in the road is not the end of the
road…Unless you fail to make the turn.”
Helen Keller
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28. 
28
Inflation can devastate even a good
retirement plan.
 “A persistent increase in the
level of consumer prices or a
persistent decline in the
purchasing power of money,
caused by an increase in
available currency and credit
beyond the proportion of
available goods and services.”
 When you are working –
wages generally rise and
keep pace with inflation
 When you are living off
your savings – inflation
literally robs you of
income.
Source: 4th Edition of the American
Heritage Dictionary
NJSFWC of GFWC Annual Convention5/6/2014

29. 29
Purchasing power is important because
inflation decreases the amount of goods
or services you’d be able to purchase.
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30. 30
Nearly 60 percent of parents financially
supporting adult children
50%
Providing
Housing
48%
Helping
with Living
Expenses
41%
Aiding
with
Transpor
tation
Costs
29%
Occasional
Spending
Money
35%
Providing
Insurance
Coverage
28%
Helping
with
Medical
Bills
Source: http://www.nefe.org/press-room/news/parents-financially-supporting-adult-children.aspx
NJSFWC of GFWC Annual Convention5/6/2014

31. 
The Solution
“The house does not rest upon the ground,
but upon a woman.” Mexican Proverb
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32. 
 You can do it yourself or get help
 Know who your advisors are
 Attend meetings and get involved
 Ask questions
 Review reports and statements
 Make a list - know where things are in case of an emergency
32
Get unstuck.
Starting is always the hardest part.
NJSFWC of GFWC Annual Convention5/6/2014

33. 
Online Tools to Make It Easy
Mint.com
 Free online tool
 Aggregates checking,
savings, investment
accounts
 Create personal
statements
 Analyze spending and
create budgets
Websites
 Daily Worth
 Money 101 – CNN/Money
 Huffington Post – “Financial
Literacy for Women”
 Learn Vest
 You Tube – Suze Orman, Ric
Edelman
 Podcasts - Dave Ramsey Show
33

34. 
We would like to thank the New Jersey State Federation of
Women’s Clubs of GFWC.
For a complimentary consultation
Call (201) 447 – 9500
Mark S. Germain, CFP®, MBA, ADPA® - Mark@bwmllc.com
Tina Powell - Tina@bwmllc.com
Beacon Wealth Management LLC
505 Main Street, Suite 214 – Hackensack, NJ 07601
www.beaconwealthmanagement.com
@BeaconWealth @mark_germain @tinacpowell
34
Your questions please.
NJSFWC of GFWC Annual Convention5/6/2014