Retirement Strategies By: Ron Paquette. Overview Can you retire? Having a financial plan Investment strategies Avoiding pitfalls Helpful resources.

Slides:

Advertisements

Similar presentations

Chapter 13: Investment Fundamentals and Portfolio Management

Advertisements

MBAO Executive Compensation Executive Retirement Benefits Purpose of Retirement Benefits Income replacement at retirement Maintain standard of living.

Investing Fundamentals Dr. Steven M. Hays BKHS Freshman Seminar.

Ch Saving and Investment Planning.  Saving- Storage of money for future use.  Financial experts recommend that people save 10-15% of their income.

Saving and Investing Chapter 8. Establishing Your Financial Goals A savings or investment plan starts with a specific, measurable goal. Emergency Fund-

Difference between a Traditional and Roth IRA Traditional IRA Taxed-deferred Taxed-deferred subject to tax at time withdrawal subject to tax at time withdrawal.

An Introduction to Investing Fin 302 Spring 2008 James Dow.

Excerpts from: Kiplinger’s Invest Your Way To Wealth 5 Keys to Investing Success.

Finance Issues in the News. Economic Indicators Inflation: Overall rise in prices Inflation: Overall rise in prices -The Consumer Price Index averages.

What to do with All that Extra Money? Dr. Alex White Dept. of Ag. & Applied Economics

Financial Planning Financial Planning An Introduction to the Financial Planning Process Conducted by: Lawrence W Wiswall Jr. TCS Financial Services, Inc.

Investment Fundamentals and Portfolio Management.

Retirement Benefits MGMT Managing Employee Reward Systems.

MODULE 9 INTRODUCTION TO REAL ESTATE FINANCE Fundamentals of Real Estate Finance w Financing Decisions Balancing Risks and Rewards w Risk Analysis Inflation.

Some Historical Financial Insights = worst decade in history (wars, Depression, 12% inflation) Of past 18 decades, 16 were profitable with average.

Investment in Financial Capital

Types of Investments  Savings Savings  Treasury Bills Treasury Bills  Bonds Government Municipal Corporate  Education  Mutual Funds  Real Estate.

Chapter 1 Overview of a Financial Plan Copyright © 2012 Pearson Canada Inc. edited by Laura Lamb, Department of Economics, Thompson Rivers University 1-1.

Personal Investing: What Have We Learned?. Some Basics About Wealth Accumulation: A budget is the key to saving money Save early and often Take advantage.

Building Your Financial House using Maslow’s Hierarchy of Needs Theory Diana Webb, Ph.D. Associate Professor of Finance.

© 2012 Cengage Learning. All Rights Reserved. Principles of Business, 8e C H A P T E R 16 SLIDE Personal Financial Statements Budgeting.

Goal Setting "The indispensable first step to getting the things you want out of life is this… Decide what you want.” Retirement – when…how much… Home.

Goal Setting "The indispensable first step to getting the things you want out of life is this… Decide what you want.” Retirement – when…how much… Home.

Investing for Your Future

Investing 101 How to grow your money wisely What’s an investment? An investment is something you buy with the expectation that it will increase in value.

Marriage and Family Life Unit 6: Making Everyday Living Decisions.

Difference between a Traditional and Roth IRA (Individual Retirement Account) Traditional IRA Taxed-deferred Taxed-deferred subject to tax at time withdrawal.

The Financial Plan Chapter 2. Definitions You Need to Know Personal financial plan: specifying financial goals and describing in detail the spending,

5.1 Savings and Investing 5.2 The Rule of 72 Getting Started.

Money Management Strategy

Fundamentals of Investing Dr. John P. Abraham Professor UTPA.

Presented by Jeanne Nguyen.  Setting Priorities  Making a Budget ◦ How to Start a Budget ◦ How to monitor  Qualified Funds (401(k), Roth, IRA, and.

FHF McGraw-Hill/Irwin Copyright © 2011 by The McGraw-Hill Companies, Inc. All rights reserved.

Part Chapter © 2009 The McGraw-Hill Companies, Inc. All rights reserved. 1 McGraw-Hill Personal Finance 1 Chapter 14.

John Doe Certified Consumer Credit Counselor Steps to Financial Freedom PRESENTED BY GREENPATH How do you set financial goals? How do you create a budget?

Investment Basics Stock & Bond Basics Mutual Fund Basics Retirement PlanningBuying a Home

PERSONAL FINANCE.  Money not spent so as to use it at a later date  Short term  Small denominations  Available for emergency.

Investing. Investing putting your money to work to earn more money putting your money to work to earn more money.

Unit 3 - Investing: Making Money Work for You. UniqueSavingsFeatures UniqueInvestmentFeatures CommonFeatures Short-term Low risk Earns small amount of.

FINANCE, It’s a Personal Thing ! WHICH WAY IS NORTH ?

Basics of Investing. 2 Things To Do Before Investing Pay off credit card debt! Pay off credit card debt! No investment pays as much as credit card companies.

Planning INFLATION- the general rise in price of goods and services (savings must exceed) You have to have a plan for retirement Years ago companies had.

1 FIN 604 Introduction and Overview 1. Investor vs. Speculator 2. Participants in the Investment Process 3. Steps in Investing 4. Types of Investors and.

Financial Planning for Retirement. Why Retirement Plan? For Financial security when you do not work Saving is necessary to accumulate the capital needed.

Diversification of your Portfolio Stock Lesson. Learning Target  I can explain why is it important to diversify your stock portfolio.

Long Term Investing 401K’s, IRA’s, Mutual Funds. Financial Literacy Bank Accounts Credit Cards Brokerage Accounts Stocks Bonds Student Loans Real Estate.

Investing  . If you invest $1,000 each year What are some ways to invest?      

Money Management Chapter 16. Managing Your Money Basic Economic Problem: Limited Resources/Unlimited Wants Net Income/Take-Home Pay: The money you receive.

Savings and investments. Reasons to save and invest ► Education ► Down payments- car, house, toys ► Business startup ► Retirement ► Emergencies.

1 Personal Financial Planning Guide Chapter 3-6: Building Wealth through Investment Planning.

Chapter 17.1 Preparing for an Investment Plan

Money Management and Financial Planning

Plan for Your Retirement. What Does the Bible Say About Retirement? Numbers 8:23-26 – The LORD said to Moses, "This applies to the Levites: Men twenty-five.

Bell Ringer  Where do you see yourself in 15 years?  Be specific  Relationship status:__________________  Kids: ___________________  Pets: ___________________.

Investing for Your Future Subtitle. Why Should I Start Investing NOW You have time for your money to grow Establish the habit of saving Risk vs Reward.

Investing Fundamentals. Investing for the Future: Goal Setting Investment goals should be specific and measurable. Develop your goals by asking questions:

Financial Services. 2 Financial Services - Guidelines for Military OneSource financial services All financial services are conducted by one of the following:

Personal Financial Planning.  Establishing a plan for how you spend your money can help you make wise purchases. What factors help you decide what to.

CHAPTER 6 NOTES. Statement savings account: savings account where the depositor receives a monthly statement showing all transactions. Money market deposit.

SAVING/INVESTING Unit 3 – Fin. Planning Manual. SAVING VS. INVESTING SAVING SAVING Money stored or set aside for short-term goals. Safe, secure, low risk,

1.9.3.G1 © Family Economics & Financial Education – Revised April 2005 – Housing Unit – Renting vs. Owning a Home Funded by a grant from Take Charge America,

Money Management Getting a strong start 2 Achieving financial goals 3 Planning a secure future A project of Consumer Action |

Financial Planning is about more than investing it’s about managing your life … it’s for everyone!

Dr. Alex White Dairy Science Virginia Tech

Who is this person? 80% first generation of this Live below means

Investing 101 How to grow your money wisely.

Personal Finance.

PERSONAL FINANCE MONEY MANAGEMENT.

Valuing Real Estate Return on Investment Calculation (ROI)

Financial Planning Ryan Simmen 05/29/2019.

Presentation transcript:

Retirement Strategies By: Ron Paquette

Overview Can you retire? Having a financial plan Investment strategies Avoiding pitfalls Helpful resources

Can you retire? Recessions (Bear Sterns, Lehman Bros, Merrill Lynch, GM, AIG, FNMA, stock market crash, housing crisis) Scandals (Bernie Madoff, Enron, Worldcom) Globalization (decline in standard of living) U.S. Deficit, bankrupt social security system Health care needs of the boomer generation World crises (terrorism, N.Korea, Iran)

Financial Plan Financial goals Starting early Career planning Money management / personal budgeting Good credit Insurance strategies Investment strategies Avoiding pitfalls

Setting Financial Goals Desired lifestyle (dining, clothes, cars) Travel, hobbies (golf, travel, RV) Living accommodations Geographic location How much will you need? What are your sources of cash flow? What are your expenses?

Starting Early More than half of Americans over 50 think their financials challenges are still ahead Social security isn’t going to cut it Learn about investing early on

Career Planning Exploring career options Investing in education Working in your “golden” years Government v.s. private sector jobs Self-employment

Money Management Take advantage of 401k matches Utilize retirement calculators (bankrate.com) Stick to a budget Rule of 72 (72/rate of interest = # of years to double your money Make wise consumption decisions Maintain a good credit rating

Insurance Strategies Health insurance Long-term care Fire Auto Life Disability Earthquake

Investment Basics Saving (cash) Keeping pace with inflation (stocks) Diversification (managing risk) – Cash & equiv., stocks, bonds, real estate, metals – Small cap, mid cap, large cap – Industry, geographic location, – Defensive v.s. Cyclical Mutual funds

Investment Basics Emergency fund (3 to 6 mos of living expenses) What is your risk tolerance? (risk & reward) Rate of Return = Return / Investment Amount Compare return to benchmarks; indices Assume less risk later in life & more early on

Investment Strategies 401K, IRAs, pensions Roth IRAs (will you earn more or less?) Tax planning (municipal bonds, sale of a house) Estate planning Rebalance your portfolio – Marriage or divorce – Good or bad portfolio performance – Age – Inheritance, or change in income

Investment Strategies, cont. Returns – 10.4% stocks, 5.4% govt bonds, 3.7% T-bills REITs

Avoiding Pitfalls Find a certified financial planner Watch out for hidden fees Avoid borrowing from 401ks Avoid credit cards & high interest rate loans Watch out for variable loans Don’t overspend or over leverage Avoid junk bonds & penny stocks