1.
Consumer Finances Amir Homayoun Rafizadeh the “Network Sommelier” How to reduce income tax's How to reduce estate tax liability Items not covered by Your current advisor

2.
Consumer Balance Sheet <ul><li>A lot of mortgage (credit card and other) debt </li></ul><ul><li>Lots of unfunded pension liabilities </li></ul><ul><li>Home values could drop further </li></ul><ul><li>Need to make the balance sheet healthy again and maintain frequent check ups </li></ul>

3.
Personal Savings Rate <ul><li>Savings rate growing in the right direction but obviously not enough </li></ul><ul><li>A long way to go before reaching the high rate of 70’s and 80’s savings rate </li></ul><ul><li>We have to make savings a regular habit </li></ul>

4.
Household Debt <ul><li>Personal income is currently flat </li></ul><ul><li>More people are saving (or are trying to save) </li></ul><ul><li>More debt is being paid off </li></ul><ul><li>Household debt service ratio is already reaching 2002 levels (also notice where it was back in 80-84 and also 92-94) </li></ul>

5.
New Face of US Economy <ul><li>More people are being forced to save </li></ul><ul><li>We can’t continue to live beyond our means and keep spending </li></ul><ul><li>Budget saving and increase in revenue programs are required simultaneously </li></ul><ul><li>Very tough choices ahead (to get fiscal and monetary discipline back)! </li></ul>