1. Importance of Planning

2. Importance of Planning
Components of Planning
Stages of Planning
Navigating Your Plan
For those of you who are some of GuideStone’s most recent hires, let me explain what Healthy Monday is. We take one chapel service out of each quarter and focus on one of the four areas of total body wellness. Nutritional, Physical, Financial and Spiritual/Mental. The nutritional aspect of our wellness was the focus for the first quarter of 2015.

3. Importance of Planning
Why Plan?
Having a plan is critical to achieving retirement goals
Taking advantage of financial education opportunities, online budgeting and planning tools can help with creating your plan
Following the plan and navigating the plan for changing conditions will increase the likelihood of success
“Without counsel plans fail, but with many advisers they succeed.”
– Proverbs 15:22

4. Components of Planning

5. Components of Planning
Establishing goals
Budgeting and Spending Wisely
Saving
Investing
Implementing and Monitoring
Budget & Spend Wisely
Invest
Save
Implement & Monitor
Financial wellness is having an understanding of your financial situation and taking care of it in such a way that you are prepared for financial changes. Maintaining that balance consists of being knowledgeable and comfortable with where your money comes from and where it is going.
What does financial wellness look like?
Having a written financial plan to help achieve your goals
Living within your means and having debts and obligations you can meet
Feeling stress-free about money

6. Budgeting and Spending Wisely
Budget & Spend Wisely
Invest
Save
Implement & Monitor
Have an emergency savings account
Develop and follow a budget
Minimize debt
A plan for your money (usually done monthly)
Helps you achieve your goals
Should reflect your priorities
Food, shelter, clothing are first – Pizza, movies, toys are last
Can be on paper or the computer
Not a one-time thing!
Must be tracked
If you keep the score, the score tends to improve
Must be revisited
Expenses Change
Spend less than you earn and measure your progress

7. Waiting costs more than saving
Start early and pay yourself first
Never leave a match on the table
Avoid taking loans or pre-retirement withdrawals
Be a consistent saver and work toward saving 15%
Invest
Implement & Monitor
Save
Budget & Spend Wisely
GS MATCH - explain
Pay yourself first
Automate it
Direct deposit to a savings account
Auto-transfer to savings account
“Keep the change” programs
Think about spending in terms of hours
If I make $10 an hour and buy something that costs $100, is it really worth the 10 hours I worked?
Think about your priorities
If you’re about to make a purchase, ask yourself if this money could be used for a higher priority
Waiting costs more than saving

8. The High Cost of Waiting
Growth if saved $100/month at 6% earnings until age 65
Total Savings
Forfeited Savings
While it may be true that, with career changes or raises, you could have more money to invest when you are older, it is also true that the shortened time that your investments will have to grow will mean that it will actually cost you more to get the same result than if you had started earlier.
The biggest mistake you can make is assuming you don't have any money to save. If you earn an income, it's simply a matter of how you're spending it. You probably can put some money aside each month — if you make saving for your future a priority. The longer you wait the more money you will need to save each month to make up for lost time.
Began Saving at Age
This hypothetical illustration is intended to demonstrate compounding and is not intended to illustrate the performance of any actual program. The hypothetical illustration shows a constant rate of return, whereas actual rates of return may fluctuate. Account values were obtained by using a nominal rate of return compounded monthly. Contributions are made at the beginning of the period.

9. Investing Importance of being in the market
Importance of diversification
GuideStone options
One fund solution: MyDestination Funds®
Asset Allocation Funds
GuideStone Select Funds
Budget & Spend Wisely
Save
Invest
Implement & Monitor
Find an allocation you are comfortable with and stick with it
Don’t make any movements based on short-term or current events
Difference between losing value and “losing money”
Stay invested

10. Importance of Being in the Market
Stay Invested
By trying to time the market, if you miss even just a few of the best days, your long-term results are negatively and meaningfully impacted.

11. Importance of Diversification

12. Implementing and Monitoring
Execute plan
Review annually, especially after 50 and anytime goals, risk tolerance or personal situation changes
Adjust savings and spending plan to close any gaps
Invest
Save
Implement & Monitor
Budget & Spend Wisely

13. Stages of Planning

14. Starting Retirement Building Retirement Living in Retirement
Stages of Planning
Starting Retirement
Building Retirement
Navigating Pre-Retirement
Living in Retirement

15. Stages of Planning Starting Retirement: 20s and 30s
Have a written plan
Create a budget
Spend less than you earn
Open and fund your retirement account
Build an emergency fund
Pay off student loans or credit card debt
Begin a discipline of saving with your first job

16. Stages of Planning Building Retirement: 40s and 50s
Minimize debt
Balance your long term savings goals
Invest for a long life and for the long-term
Catch up when and where you can
Don’t lose sight of your retirement savings goals
Stay focused on the long-term goal

17. Stages of Planning Navigating Pre-Retirement
Refine what you want your retirement to look like
Play catch-up if you are behind
Watch your spending and consider lifestyle changes
Create a realistic budget for retirement
Assess Social Security benefits
Rebalance your portfolio
Eliminate debt before retirement
Organize your assets
Refine what you want your retirement to look like
Plan for longevity
Don’t count on working forever
Play catch up if you are behind
Watch your spending and consider lifestyle changes
Assess social security benefits
Rebalance your portfolio
Create a realistic budget for retirement
Consider long-term care or create a plan for health care costs
Eliminate debt before retirement
Organize your assets
Create a realistic budget for retirement

18. Stages of Planning Living in Retirement
Enjoy your retirement and make room in your budget for fun
Maintain six months of cash
Follow a wise drawdown strategy
Follow your budget closely, making changes as needed
Stay invested
Make sure your asset allocation is still appropriate
Re-evaluate annually or rebalance as needed
Review asset allocation, budget and withdrawal strategy annually

19. Navigating Your Plan

20. Manage your portfolio assets according to risk and time to retirement
Navigating Your Plan
Expect Changing Conditions: What You Can Control
Budget and spending rate
Savings rate
Diversified asset allocation
Manage your portfolio assets according to risk and time to retirement

21. Focus on what you can control
Navigating Your Plan
Expect Changing Conditions: What You Can’t Control
Market conditions
Health and longevity
Other outside factors
Focus on what you can control

22. Navigating Your Plan MyGuideStone™ Customer Relations Center
On-site visits by relationship managers or advisors
Webinars
Advice (GPS*)
Online self-service tool
Appointment with Personal Financial Services advisor
* GPS:Guided Planning Services is our personalized advisory services offered by GuideStone Advisors

23. Disclosures
You should carefully consider the investment objectives, risks, charges and expenses of the GuideStone Funds before investing. A prospectus with this and other information about the Funds may be obtained by calling GS-FUNDS ( ) or downloading one at GuideStoneInvestments.com/funds. It should be read carefully before investing.
Retail products are made available through GuideStone Financial Services, member FINRA. GuideStone Funds shares are distributed by Foreside Funds Distributors LLC, not an advisor affiliate.

24. Disclosures
The MyDestination Funds® (“Funds”) attempt to achieve their objectives by investing in the GuideStone Select Funds and other investments. The Funds are managed to a retirement date (“target date”) by adjusting the percentage of fixed income securities and equity securities to become more conservative each year until reaching the retirement year and then approximately 12 years thereafter. The target date in the name of the Funds is the approximate date when an investor plans to start withdrawing money. The expense ratio for the Funds includes the expenses of the underlying Select Funds. The principal risks of the Funds will change depending on the asset mix of the Select Funds in which they invest. You may directly invest in the Select Funds and other investments. The Funds’ value will go up and down in response to changes in the share prices of the investments that they own. The amount invested in the Funds is not guaranteed to increase, is not guaranteed against loss, nor is the amount of the original investment guaranteed at the target date. It is possible to lose money by investing in the Funds.

25. Disclosures
The Asset Allocation Funds (“Funds”) attempt to achieve their objectives by investing in the GuideStone Select Funds. The expense ratio for the Funds includes the expenses of the underlying Select Funds.  The principal risks of the Funds will change depending on the asset mix of the Select Funds in which they invest. You may directly invest in the Select Funds. The Funds’ value will go up and down in response to changes in the share prices of the investments that they own. It is possible to lose money by investing in the Funds.