Plan Today, Own Tomorrow

1. Accumulation Phase
2. Preservation Phase
3. Distribution Phase

Let’s define what “rule of thumb” really means

1. Save 10% of your income rule
2. Using your age to determine your risk/non risk allocations. “rule of 100”
3. You will need 70-80% of working income in retirement
4. 4% rule
5. You need $1,000,000 at least to retire

1. Sequence of Return Risk and Stock Market Timing

2. Rising Cost of Health Care and Long Term Care

3. Outliving your nest egg

4. Inflation

Let’s define what happiness means

Key steps:

1. Define what you want out of your retirement
2. Set your target date
3. Develop an income plan
4. Get a part time “fun” job
5. Don’t get complacent

1. Time to “tighten-up” that budget
2. Explore some consolidation efforts
3. Payoff or reduce your debts
4. Hire a financial planner
5. Reduce your investment risk

Mistake #1- Underestimating your needs

Mistake #2- Panic Selling

Mistake #3- Not knowing what happens when you take money out of an account

Mistake #4- Listening to the “hot tip” Don’t follow the herd-

1. What is the right number to focus on?
2. Best method to determine where you stand?
3. Creating a retirement budget and all if its moving parts!
4. What about life’s variables? Are you prepared?
5. What should you do?

1. Is there one superior financial vehicle to all others?
2. Can I have money in only one world of money and still be successful?
3. What financial vehicles should I consider once I retire?
4. How can I invest my nest egg to help maximize my retirement income?
5. Are there financial advisors that have access to all 3 worlds of money?

1. How much does it cost to buy and sell stocks?
2. Are all mutual funds loaded with commissions attached to them?
3. What other type of fees are inside mutual funds?
4. Why do ETF’s have lower expense ratios that most mutual funds?
5. Do annuities have fees?

1. What exactly is Medicare and what all does it cover?
2. What is the difference between Medicare part A, B, C and D?
3. What is the difference between and Medigap plan and a Med Advantage Plan?