This document provides an overview and introduction to various financial planning topics for retirees including:
1) Maintaining a net worth statement can help retirees monitor their financial health over time by tracking assets and liabilities.
2) Developing an investment policy statement with the help of an advisor can provide a strategy for pursuing goals while avoiding emotional reactions to market volatility.
3) Couples with multiple retirement accounts from different jobs need to coordinate strategies across accounts to effectively pursue accumulation goals and avoid issues like inappropriate risk, fees, and estate planning complications.
4) Baby boomers turning 701⁄2 will begin required minimum distributions (RMDs) from retirement accounts which have tax implications and rules that vary
The IRS expects that more than 70% of taxpayers will receive a refund in 2017. 1 What you do with a tax refund is up to you, but here are some ideas that may make your refund twice as valuable.
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.
Identifying the 12 things that EVERYONE gets wrong about financial planning, Understanding insurance, Demystifying savings and investments, Wading through the banking and lending challenges, Effective tax and estate planning
Common Factors Affecting Retirement IncomeDolf Dunn
People have two very distinct investment periods in their lives, Accumulation and Distribution. Brokers are paid in the accumulation phase, not so much in the distribution phase. Fee-based Financial Planners, like myself, are paid along the way to give our clients great advice in both phases of their lives. Distribution phase is the more difficult of the two to get right. If you do not do proper planning, one risks running out of money before your last breathe. Not to be entrusted to amateurs. I can help, please give me a call.
The IRS expects that more than 70% of taxpayers will receive a refund in 2017. 1 What you do with a tax refund is up to you, but here are some ideas that may make your refund twice as valuable.
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.
Identifying the 12 things that EVERYONE gets wrong about financial planning, Understanding insurance, Demystifying savings and investments, Wading through the banking and lending challenges, Effective tax and estate planning
Common Factors Affecting Retirement IncomeDolf Dunn
People have two very distinct investment periods in their lives, Accumulation and Distribution. Brokers are paid in the accumulation phase, not so much in the distribution phase. Fee-based Financial Planners, like myself, are paid along the way to give our clients great advice in both phases of their lives. Distribution phase is the more difficult of the two to get right. If you do not do proper planning, one risks running out of money before your last breathe. Not to be entrusted to amateurs. I can help, please give me a call.
Just starting out on your investment journey?
Or have you been investing for a while and need a refresher?
A smart investor takes the time to be clear on the basic principles of investing and uses these to improve investing skills over time and more importantly, to avoid the costly pitfalls. And a smart investor doesn't rely on good luck. Instead, they take the time to consider their investment goals. Then they develop a plan and choose investments that align with their needs and objectives.
This workshop will cover the following areas:
Taking control!
Your money and your life
Savings and investments
Risk and diversification
Investment strategies
Managed fund, shares and property
By attending this session you will gain a better understanding of the fundamental investment principles such as gearing, asset allocation, diversification, dollar cost averaging & compounding. You will leave with a deeper understanding of these concepts which can help you, as an investor, avoid making mistakes and losing substantial sums of money.
Giving you greater confidence, peace of mind and ultimately better financial outcomes
Nick Gahan
Senior Financial Advisor
Nick is passionate about holistic advice encompassing superannuation (including SMSFs), personal insurance, investments, estate planning, retirement planning and social security and ensuring his clients are receiving comprehensive advice.
Financial Planning: Building Your Wealth - webinarG&A Partners
How important is your financial security? The stock market has been improving since March, but where is it headed next?
As unemployment continues to grow and traditional methods of financing are becoming strained, join us as we take a look at the importance of Financial Planning. This webinar will walk you through the process of identifying and prioritizing your personal and business goals in order to implement a dynamic plan that will give you peace of mind.
A self guide towards financial planning. We ourselves can manage our finances, so here comes phase-1 describing about few topics. Stay tuned for the remaining topics in phase-2.
Supercharge your Investments with Tax-Loss HarvestingWealthfront
Tax-loss harvesting, or "tax selling," is a technique used to lower your taxes while maintaining the expected risk and return profile of your portfolio. It harvests previously unrecognized investment losses to offset taxes due on your other gains and income. You can reinvest these tax savings to significantly grow the value of your portfolio.
Committed to democratizing access to sophisticated investment advice, Wealthfront developed software to make tax-loss harvesting, traditionally only available to accounts in excess of $10 million, available to taxable accounts with at least $100K.
Learn more about Wealthfront's tax-loss harvesting service: wealthfront.com/tax-loss-harvesting/
A Mid-Year Financial Review:
More Time to Plan
Understanding Mutual Fund
Expense Ratios
How Much Life Insurance is
Enough?
I started a business that lost
money this year. Do I have
NOL?
Just starting out on your investment journey?
Or have you been investing for a while and need a refresher?
A smart investor takes the time to be clear on the basic principles of investing and uses these to improve investing skills over time and more importantly, to avoid the costly pitfalls. And a smart investor doesn't rely on good luck. Instead, they take the time to consider their investment goals. Then they develop a plan and choose investments that align with their needs and objectives.
This workshop will cover the following areas:
Taking control!
Your money and your life
Savings and investments
Risk and diversification
Investment strategies
Managed fund, shares and property
By attending this session you will gain a better understanding of the fundamental investment principles such as gearing, asset allocation, diversification, dollar cost averaging & compounding. You will leave with a deeper understanding of these concepts which can help you, as an investor, avoid making mistakes and losing substantial sums of money.
Giving you greater confidence, peace of mind and ultimately better financial outcomes
Nick Gahan
Senior Financial Advisor
Nick is passionate about holistic advice encompassing superannuation (including SMSFs), personal insurance, investments, estate planning, retirement planning and social security and ensuring his clients are receiving comprehensive advice.
Financial Planning: Building Your Wealth - webinarG&A Partners
How important is your financial security? The stock market has been improving since March, but where is it headed next?
As unemployment continues to grow and traditional methods of financing are becoming strained, join us as we take a look at the importance of Financial Planning. This webinar will walk you through the process of identifying and prioritizing your personal and business goals in order to implement a dynamic plan that will give you peace of mind.
A self guide towards financial planning. We ourselves can manage our finances, so here comes phase-1 describing about few topics. Stay tuned for the remaining topics in phase-2.
Supercharge your Investments with Tax-Loss HarvestingWealthfront
Tax-loss harvesting, or "tax selling," is a technique used to lower your taxes while maintaining the expected risk and return profile of your portfolio. It harvests previously unrecognized investment losses to offset taxes due on your other gains and income. You can reinvest these tax savings to significantly grow the value of your portfolio.
Committed to democratizing access to sophisticated investment advice, Wealthfront developed software to make tax-loss harvesting, traditionally only available to accounts in excess of $10 million, available to taxable accounts with at least $100K.
Learn more about Wealthfront's tax-loss harvesting service: wealthfront.com/tax-loss-harvesting/
A Mid-Year Financial Review:
More Time to Plan
Understanding Mutual Fund
Expense Ratios
How Much Life Insurance is
Enough?
I started a business that lost
money this year. Do I have
NOL?
Success in investing leads to increased wealth and security. Success in investing comes from making sound decisions, paying attention, and taking the time to learn about what t invest in and how to invest. Here are our thoughts about considerations when investing.
https://youtu.be/kZcssfIoQEg
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
the choice of financial professionals
Print
Digital
Websites
Creative
Marketing
Personalised Client Marketing Factsheets
You may also be interested in
Financial adviser newsletters
Financial adviser client magazines
Personalised marketing factsheets
Financial adviser Corporate brochures
Personalised 2014/15 Tax Data card
Bespoke publishing services
Financial adviser client marketing factsheets
Goldmine Media's professional financial adviser factsheets will enable your business to extend client communication, raise brand awareness, improve marketing efficiency, enhance client retention and increase sales.
Generate further repeat business opportunities
This service has been designed to generate further repeat business opportunities and referrals from your clients. Besides educating and informing clients, you're also achieving greater brand and name recognition, which is a very beneficial way to build lasting relationships.
Nurture relationships as part of your ongoing service proposition
In a post-RDR environment, there has never been a more important time to communicate with your clients on a regular basis, and each factsheet will ensure that you're able to nurture relationships as part of your ongoing client service proposition.
Each factsheet used as part of a direct mail campaign provides an unrivalled way of maintaining client contact and providing information that your clients know to be impartial, relevant and timely.
Collective Mining | Corporate Presentation - May 2024
Your Financial Future June 2016
1. YOUR FINANCIAL FUTURE
Your Guide to Life Planning
May 2016
Our roads to success may
have twists and turns and
ups and downs; together we
can navigate a course and
enjoy the scenery along the
way.
Christian Phillips
Phillips Financial
LPL Registered Principal
1920 Tienda Drive Suite 202
Lodi, CA 95242
209-367-0868
Fax: 209-367-0811
christian.phillips@lpl.c
om
http://lpladvisorweb.com
/PhillipsFinancial/
CA Insurance Lic# 0A20651
In This Issue
A Net Worth Statement Helps Keep Retirees on Track
Your net worth is more than just your income. A net worth statement presents a composite
picture "in time" of your overall financial health.
Keep Emotions at Bay With an Investment Policy Statement
An investment policy statement can serve as a blueprint for all of your short-, mid-, and
long-term financial goals.
Retirement Planning for Dual-Wage Earning Households
Dual-wage earning couples have a lot to consider when assessing their various retirement
portfolios.
Turning the Page: Five Things Baby Boomers Need to Know
About RMDs
How time flies. The first of the baby boom generation will be required to start taking RMDs from
their retirement accounts this year. Read on to learn some crucial "basics" about RMDs and how
the rules governing them may affect you.
Health Savings Accounts: Get to Know These Versatile
Savings Tools
Health savings accounts are a popular resource commonly used by individuals covered by a
high-deductible health plan. Whether you have access to an HSA through your employer or you
opt to enroll in one on your own, there is much to learn about these flexible savings vehicles.
2. 2 Your Guide to Life Planning
Taking stock of your
assets and liabilities
may require a bit of
research at first, but
the process will get
easier each time you
do it.
A Net Worth Statement Helps Keep Retirees on Track
A number of planning tools can help retirees monitor their cash flow and make appropriate adjustments in
response to changes in income and expenses. Not the least of these is a net worth statement.
By calculating your net worth, you are essentially taking a snapshot of your current financial status. That
snapshot can then provide you with the information you need to make important financial decisions.
What is net worth? It is more than just your income -- it's your overall wealth. To determine your net worth,
just add up your assets and subtract your liabilities. Your assets are everything you own, including the money in
your bank accounts, retirement plans, and investments accounts as well as real estate and even possessions
such as your car(s) or a boat. Your liabilities are what you owe. This may include the balance on your home
mortgage, credit card debt, car payments, and even unpaid taxes.
Taking stock of your assets and liabilities may require a bit of research at first, but the process will get easier
each time you do it. It's a good idea to review the calculation each year to make sure you stay on the right track.
Whether your net worth is higher or lower than you expected really should not be of concern. The main purpose
of identifying your net worth is to give you a reference point for assessing your overall financial health.
The following worksheet will help you break down your assets and liabilities so you can reach your bottom line.
YOUR ASSETS
Cash/bank accounts, CDs, etc.1
$
Vested share of retirement accounts (employer plans,
pensions, profit-sharing plans, etc.)
$
Market value of investments (stocks, bonds, mutual
funds, IRAs, annuities, etc.)2
$
Market value of real estate (home, other property) $
Market value of vehicles (car, boat) $
Cash value of insurance policies $
Other (valuables, furnishings, etc.) $
TOTAL ASSETS $
YOUR LIABILITIES
Balance due on home or real estate mortgage(s) $
Balance due on loans (car, student, real estate) $
Balance due on rental properties $
Balance due on credit cards $
Fixed monthly payments $
Unpaid taxes $
Other $
TOTAL LIABILITIES $
YOUR NET WORTH (Subtract liabilities from $
8. The opinions voiced in this material are for general information only and are not intended to provide specific
advice or recommendations for any individual. To determine which investment(s) may be appropriate for
you, consult your financial advisor prior to investing. All performance referenced is historical and is no
guarantee of future results. All indices are unmanaged and cannot be invested into directly.
The financial consultants of Phillips Financial are registered representatives with and Securities are offered
through LPL Financial. Member FINRA/SIPC. Insurance products offered through LPL Financial or its
licensed affiliates.
Not FDIC/NCUA Insured
Not Bank/Credit Union
Guaranteed
May Lose Value
Not Insured by any Federal Government Agency Not a Bank Deposit
This newsletter was created using , powered by Wealth Management Systems Inc.Newsletter OnDemand