Phoenix Union High School District Retirement Workshop STEVE JAMES NICK HILEMAN.

Slides:

Advertisements

Similar presentations

What Benefit is Most Important to You? When Do You Plan To Retire? What About Your Health Coverage? What About My Leave Benefits? Life Insurance; More.

Advertisements

Retirement Benefit Seminar

Copyright ©2005 Ibbotson Associates, Inc. Variable Annuity Investing Securities offered through Lincoln Financial Advisors Corp., a broker/dealer, 1300.

Retirement Workshop (PERF & TRF).

Copyright ©2004 Pearson Education, Inc. All rights reserved. Chapter 19 Retirement Planning.

Just what am *I* GOING to GET Anyway? And When?. What’s in this presentation? Overview When can I retire? What will be my FERS Retirement Benefit? How.

Annuities: The Whole Story Presented by: Matthew J. Curfman, CFP® Senior Vice President of Investment Services Richmond Brothers Financial Management Specialists,

Click to edit Master title style Click to edit Master text styles –Second level Third level –Fourth level »Fifth level FERS ANNUITY SOCIAL SECURITY BENEFITS.

RSM McGladrey, Inc. is a member firm of RSM International – an affiliation of separate and independent legal entities. Roth 401(k) vs. Traditional 401(k)

©UFS Continuing Education for CPAs Presented By: Title: Stretch Your IRA Distributions if YOU COULD CREATE THE RETIREMENT OF A LIFETIME L [exp0410][xDC]

Reinventing Retirement Knowledge Is Retirement Power Date Plan Name Source:

See Yourself Saving with myRA [DATE] PRESENTED BY:

Lesson 16 Investing for Retirement. Key Terms  401(k) Plan  Annuity  Defined-Benefit Plan  Defined- Contribution Plan  Employer- Sponsored Retirement.

Chapter 16 Retirement Planning Social Security Employer Plans Individual Plans Self Employed Plans.

Tax Vocabulary. Gross Pay The amount of money you earn each pay period.

© 2004 ME™ (Your Money Education Resource™) Estate Planning Chapter 11: Life Insurance in Estate Planning.

Solid Finances Sponsor This program is made possible by a grant from the FINRA Investor Education Foundation through a partnership with United Way Worldwide.

© 2008 Morningstar, Inc. All rights reserved. 3/1/2008 LCN Understanding Deferred Annuities.

Making the Most of Your District’s 403(b) Plan. General Information Only Please be aware that this information is intended to be general in nature and.

Copyright ©2005 Ibbotson Associates, Inc. Taxes and Investment Performance Securities offered through Lincoln Financial Advisors Corp., a broker/dealer,

Increasing contributions presentation Increasing contributions in your retirement plan account.

YOUR 403(B) TAX SHELTERED ACCOUNT PROGRAM 1 Prepared for the Employees of Riverview Intermediate Unit #6.

©UFS Presented By: Title: Continuing Education for CPAs Understanding IRAs If You Could Create The Ideal Retirement Savings Plan… PEANUTS © UFS, Inc. L [exp0410][All.

Business Accounting Chapter 12. Importance of Payroll Records Required by law – keep accurate payroll records – report employee earnings – pay payroll.

Dr. Steven M. Hays BKHS Personal Finance 1. Objectives  Describe the role of Social Security  Explain the difference between defined- benefit and defined-contribution.

1 SAVING : INVESTING : PLANNING Retirement planning 1 SAVING : INVESTING : PLANNING PREPARE Retirement Income Planning Planning for Financial Security.

Self-Managed Plan (SMP) 401(a) Defined Contribution Plan Serving Employees of Illinois Community Colleges and Universities.

Welcome. Who participates in INPRS? 500,000 Members from over 1,400 Public Employers Employers include…  Cities  Towns  Counties  School Corporations.

Chapter 12 Preparing Payroll Time Cards. 2 L 12-1 Paying Employees page 341 Money paid for employee services is called a salary. The period covered by.

Welcome. Workshop Objectives Introduce Introduce Educate Educate Illustrate Illustrate.

Alliance Financial Group, Inc Registered Investment Advisory Securities offered exclusively through SunAmerica Securities, Inc. A registered broker-dealer.

How Does Money Grow? Before You Invest. Interest refers to the amount you earn on the money you put to work by saving or investing. Savings accounts Individual.

Economics Paycheck.

Tax Smart Financial Strategies for Our Employees Provided by: Riverview Intermediate Unit 6 Presented by: Kades-Margolis Corporation.

A Looming Crisis? DUQUESNE UNIVERSITY.  Prior to 1950s few people had pensions  Most worked until they died  Initial issue: company specific or industry-

Welcome to the Professional’s Approach to Rollover Concepts Presented by: LFM Fixed Strategies Insurance Services Florian Spinello Lauren Carrasco & Sarah.

Chapter 13 Payroll. Payroll Time Card Employee Number Name Pay Period Ended MorningAfternoonOvertimeHours INOUTINOUTINOUTRegOT 7:5812:0212:595:06 8 7:5912:0012:575:01.

Ch.9 Current Liabilities and Time Value of Money.

Take Charge of Your Money when you leave your job LFD [Presenter's Name] [Presenter's Title] [Presenter's Firm Information] [Date of Presentation]

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.

Securities Comp. $50,000 in production…. District- $875 Regional- $1,050 plus $190/ qtr residual RVP-$1,550 plus $285/ qtr residual If you had 100 clients.

Arizona State Retirement System Presentation to the Government Finance Officers Association of Arizona January 7, 2011.

 Anything Subtracted from your gross income.  Legal allowances that reduce the amount of income taxes subtracted from your gross income.

Earning Potential Amount of money you can receive based on: Amount of money you can receive based on: Level of education Level of education Career path.

RYAN PAUL 401(k) Plans: What Employees Need to Know By Ryan Paul.

Taxes. The Federal Government Dollar – Where it Comes From.

Payroll Accounting Making Accounting Relevant Businesses issue payroll checks to their employees to compensate them for work performed. Making Accounting.

Standard 2 Objective 2 Income and Taxes. Standard 9.1 Strand A – Income and Careers Students will understand sources of income and the relationship between.

0 Glencoe Accounting Unit 3 Chapter 12 Copyright © by The McGraw-Hill Companies, Inc. All rights reserved. Unit 3 Accounting for a Payroll System Chapter.

Shares of Oppenheimer funds are not deposits or obligations of any bank, are not guaranteed by any bank, are not insured by the FDIC or any other agency.

Planning for Retirement WHY IS PROPER PLANNING CRITICAL? Many people relied on Social Security for all of their retirement needs Life expectancy is increasing.

Retirement Planning Social Security Social Security is a federal program that taxes you during your working years and uses the funds to make payments.

Please be aware that this information is intended to be general in nature and is not intended to be legal or tax advice. Each of you should follow up.

Basic Goals of Payroll System  Prepare and issue payroll checks  Produce records for accounting purposes and reporting to government and management.

PAYROLL ACCOUNTING Chapter 12. Using a Payroll System  Payroll – list of the employees and the payments due to each for a pay period  Pay Period – the.

Why should I save for retirement? Won’t I get Social Security? You'll get little, likely NO, Social Security.

“The Fundamentals of Planning Your Retirement” Florida State College at Jacksonville Presented By: Robert Ard TSA Consulting Group, Inc.

Aim: Money Matters – Future Value of Annuities Course: Math Literacy Aim: How does money matter? Annuities – a savings plan for the future. Do Now: At.

How Does Money Grow Over Time? The Stock Market.

Chapter 13 METHODS OF SAVING. Learning Objectives  Explore the ways in which savings can earn interest  Examine the different types of bank accounts.

National Life Insurance Company ® | Life Insurance Company of the Southwest TM National Life Insurance Company ® | Life Insurance Company of the Southwest.

Smell Dating: The New Tinder?  Smell Dating sends you a shirt and requests that you wear it for three days and three nights without deodorant.  Once.

TWO FOR TOMORROW YOUR RETIREMENT. PLAN FOR LIFE. ® TWO FOR TOMORROW © 2012 The Hartford, Hartford, CT P-TFT2SS-PRES-all 2-12 RPS

401K IRA SEP SIMPLE KEOGH 403B What do these letters and numbers represent?

Income Taxes for Individuals Calculated as a percent of your taxable income Taxable Income = Gross Pay - Pre-Tax Deductions (examples: retirement plan.

MyRA Makes Saving Easy JUNE 16 TH, 2016 PRESENTED BY: STEPHANIE SALAVEJUS.

Six Areas of Financial Planning

Client Service Standard of Care

Understanding your PERSI Base Plan

Presentation transcript:

Phoenix Union High School District Retirement Workshop STEVE JAMES NICK HILEMAN

 ASRS Facts  403b Special Pay  How can we help?  What to do Next

ASRS  80 Points  Age plus years of service  Retirement formula  Average annual salary * Years of service * Multiplier  = 2.1%  = 2.15%  = 2.2%  30+ = 2.3%

What does that mean to me?  No more ASRS Contribution 11.6%  No more FICA 7.65  No longer deferring income to retirement accounts

30 Years of Service  69% of Gross Income  What About Net Income  Add in ASRS  80.6%  Add in FICA  88.25%  Add In Retirement Savings %  93.25%  State and Federal Income Tax

ASRS Options at Retirement  Straight Life Annuity  Life Annuity 5 Year Certain  Life Annuity 10 Year Certain  Life Annuity 15 Year Certain  Joint and Survivor 100%  Joint and Survivor 66 2/3%  Joint and Survivor 50%  Partial Lump Sum

ASRS Investment Allocations

Investment Returns 1 Year3 Year5 Year10 YearInception ASRS Total Fund 18.6%10.8%14.2%7.5%10.1% The ASRS total fund returns for the fiscal year ending June 30, 2014

403b Special Pay Plan What is it?  Avoid FICA (district and employee)  Manage and control tax liability  Access to your money  No sales charges or penalties  Wide choice of investment options

Retirement Planning Who are we? Independent Advice Social Security Analysis What’s your next step?

Need Help? Make an appointment to determine:  How much will I need to live on?  Do I have enough saved?  How do I turn my savings into income? We’ll build a plan together to help you create the income you’ll need to last a lifetime. 11

Registered Representative Securities offered through Cambridge Investment Research, Inc. a Registered Broker/Dealer, Member FINRA/SIPC. Investment Advisor Representative Cambridge Investment Research Advisors, Inc. a Registered Investment Advisor Cambridge and Przewlocki James are not affiliated.