View
218
Download
2
Embed Size (px)
Citation preview
Retirement Planning
by Steven Evens
Prologue Before I start
“It’s important...” Research-oriented Afraid, embarrassed?
You are not alone
Defining retirement How to plan
Life in quarters
Things to Know Dream vs. Reality Retirement Success
Sustainability Projected Income Inheritance
$1000 in cash
Savings @ 3% $1030
$1000 for
laptop
Inflation @ 5% $1050
$100 each
month
Ages 25-55 @ 5%
$85,041.63
$100 each month
Ages 15-35 @ 5%
$115,660.12
Things to Know Concepts
Modern Portfolio Theory Power of Compounding Inflation
Things to Know Employer Plans
Defined-Benefit Traditional pension
Defined-Contribution Your current options Vesting Rules
401(k) 403(b)
SIMPLE IRA* Roth IRA
Profit-sharing ESOPs
Keogh Miscellaneous
*Individual Retirement Account**Employee Stock Ownership Plan
Things to Know Insurance
Protects personal health and financial assets
Health Disability
Rent/Home Automobile
Long-term Life
Umbrella Miscellaneous
* *
*
Things to Know Social Security and IRS
Give and take Financial Planners
Planners do not make you money Planners make your money make you money
Knowledge in Practice Tidemark Financial
Mr. David Abolafia Mrs. Andrea McCallum
Charity Involvement Peace of Mind Income Potential
My Career Future Finance
Recognition: A Sense of Urgency Start now!
Epilogue My Stretch: Research Paper
PAST (0-18)No wealth, no debt
PRESENT (19-54)No wealth, more
debt
FUTURE (55+)More wealth, no
debt
Thank you for your time.
Questions?