Financial Planning Ryan Simmen 05/29/2019

Free Advice The most expensive advice is free advice

Fund Fees Advisor Fees Trade Commissions Frontend and Backend Loads Administrative Fees Management Fees Redemption Fees 12b-1 Marketing fees Expense Ratio https://money.usnews.com/funds/mutual-funds

John C. “Jack” Bogle Founder of Vanguard Low Cost Mutual Funds / ETFs Investment Philosophy Develop a plan Invest early and often Never bear too much or too little risk Diversify Never try to time the market Use index funds when possible Keep cost low Minimize taxes Invest with simplicity Stay the course Lazy Portfolios

Priority Emergency Fund Contribute enough to a work-based plan to get the Full Match Pay off high interest debt such as Credit Cards Contribute to a Health Savings Account Contribute the maximum to a Traditional IRA or a Roth IRA Contribute the remainder of the work-based plan Contribute to a Taxable Account

Traditional vs Roth Pre-Tax Contributions Grows Tax Deferred 10% early withdrawal penalty with few exceptions Forced to take retirement distributions at 70.5 Age restrictions on contributions After Tax Contributions Grows Tax Free No penalty for early withdrawal of contributions Not forced to take retirement distributions Contribute at any age

Investment Calculators Fidelity's X-Factor The Flexible Retirement Planner Optimal Retirement Planner CAGR of the Stock Market Inflation Calculator Rental Property Calculator

Indexed Universal Life Insurance Unlimited Contributions Grows Tax Deferred Downside Cap Upside Cap Annual premium provides a tax-free permanent death benefit Cash value may be used to pay the annual premium Cash value may be withdrawn at anytime without penalty Cash value may be borrowed against tax-free and interest still accrues

Robert Kiyosaki Author of Rich Dad Poor Dad Don’t work for money Learn the difference between a liability and an asset Decide to become a B or an I instead of an E or an S Formulate an investment plan Increase your financial literacy Control your Cashflow Build a team Focus your efforts

Real Estate Investment Positive Cashflow Appreciation Leverage (OPM) Increased Rent Inflation Taxes

Tax Advantages of Real Estate Mortgage Interest Home Equity Loan Interest Property Tax and Insurance Depreciation Cost Segregation 1031 Exchange No FICA (Medicare and Social Security) on Rental Income 199A 20% Pass-Through Deduction

Final Thoughts Real Estate in an IRA Brokerage account in an LLC Tax advantages of paper assets Leverage People (Ideas, Talent, Knowledge) Other People’s Money (Debt, Rent) Velocity