1. N ME Leadership Summit 2018 NATIONAL ORGANIZATION OF MINORITY ENGINEERS
How to Manage Your Wealth and Investment Options
Presented by Gwendolyn V. Kirkland, CFP®
Securities Offered through SA Stone Wealth Management, Inc.
Member FINRA and SIPC

2. Write Your Goals Create
Create a written Financial Plan and use pictures. Be
Be specific in the time and dollars that it will take to reach your goals.
Factor in
Factor in expansive thinking and being.
Put
Put the goals where you can see them and refer to them frequently.
Be patient with yourself and reward yourself when you achieve a goal.
Enjoy
Enjoy the journey.

3. Evaluate the Risks and Put Safeguards in Place
Health Insurance
Disability Insurance-ST/LT
Life Insurance
Critical Illness
Key Man
Long Term Care
Business Overhead

4. Asset Allocation Diversify your portfolio Dollar cost Average
Determine your Risk Tolerance.
Diversify your portfolio
Give your portfolio time
Dollar cost Average
Read your statements and consider rebalancing annually.

5. Liabilities-Limit Debt
Use debt judiciously and negotiate for the lowest rates for the shortest time period.
Consult with your Accountant to choose the best debt instruments to provide you with a tax benefit whenever possible.
Personal debt may include mortgages, student loans, medical bills and credit cards.
Develop a plan to service and pay off your debt as quickly as possible.
Consider using Margin on an Investment portfolio if you have the means to repay the loan.
Sell something first if possible to pay a loan instead of disturbing assets.

6. Maintain good records for tax reporting.
Taxes
Develop a good working relationship with a trusted Accountant and listen to and implement their advice.
Meet with your Accountant as often as needed but at least once a year in the Fall, while you can still make changes.
Consider Tax Free or Tax Deferred Investments such as Municipal Bonds or Annuities depending upon your tax situation.
College Savings #529 Plans provide tax deferred growth and no taxes on the funds if they are used for qualified educational expenses.
Maintain good records for tax reporting.

7. Have an Estate and a Succession Plan
Consult with an Estate Planning Attorney, draft and execute Wills, Trusts, Durable Powers of Attorney for Health Care and Property. Guardianship for your minor children. 01
Fund the Trust by retitling your assets to the name of the Trust. Revisit your Trust documents at least every 5 years or when changes occur. 02
Leave a list of your User IDs and Passwords for your survivors to access your online accounts. 03
Consult with a Business Attorney and develop a succession plan to sell your business and plot your transition. 04