1. Finances and Retirement: Key Things to Know
Sherri N. White, CPA/PFS, CKA®
Greene Finney Annual Conference

2. Disclosures
Trust and investment management accounts and services offered by the PlanFirst office of Ronald Blue Trust, a division of Thrivent Trust Company, are not insured by the FDIC or any other federal government agency, are not deposits or other obligations of, nor guaranteed by Thrivent Trust Company or its affiliates, and are subject to investment risk, including possible loss of the principal amount invested. The information provided in these materials is for informational purposes only. We believe the information provided herein is reliable but do not warrant its accuracy or completeness. The information does not take into consideration your personal financial information or circumstances. The material is general in nature and is not intended as individual investment or financial planning advice. Ronald Blue Trust and its employees and affiliates cannot provide legal or accounting or tax advice. Please consult with a professional advisor familiar with your particular situation for advice concerning specific investments, accounting, tax, legal, or other matters before taking any action. Ronald Blue Trust and its employees have general knowledge of the Social Security tenets; however, they do not have complete expertise to provide a full discussion of the details of your specific situation. For additional information, contact your local Social Security Administration office.

3. Money is nothing more than a tool
Key Things to Know
Money is nothing more than a tool

4. The Ultimate Financial Plan
Personal Application
Timeless Financial Principles
Goals
Personal Principles- Foundation
Source: The Ultimate Financial Plan by Jim Stovall and Tim Maurer

5. Know what you have and what you spend
Key Things to Know
Know what you have and what you spend

6. Cash Flow, Balance Sheet, and Budget
Cash Flow – Past
Online banking
Mint
Y.N.A.B (You Need a Budget)
Other Software: Money, Quicken, etc.
Balance Sheet – Present
List out all you own all you owe
Mint is good for this

7. Cash Flow, Balance Sheet, and Budget
Budget – Future: To and Through Retirement
Google “budgeting worksheets” for guidelines
Crown
BudgetWorksheets.org
Dave Ramsey
Track with software mentioned above
Retirement budget may look different than current budget

8. Key Things to Know
Know your credit

9. What’s Your Score?
Source: Experian.com

10. Your Credit Review your credit report Manage your credit
Three agencies
Experian
TransUnion
Equifax
Manage your credit

11. Understand your employer’s benefit package
Key Things to Know
Understand your employer’s benefit package

12. Employer’s Benefit Package
Retirement plan: 401(k) and/or pension
Health insurance – current/retiree
Short term and long term disability
Specialty policies

13. Know your personal insurance policies
Key Things to Know
Know your personal insurance policies

14. Personal Insurance Policies
Life Insurance
Homeowners Insurance
Renter’s Insurance
Auto Insurance
Umbrella Policy

15. Understand the importance of your estate plan
Key Things to Know
Understand the importance of your estate plan

16. Estate Plan Will Durable Power of Attorney
Healthcare Power of Attorney
Living Trust (if applicable)
Beneficiary Designations/Titling

17. Key Things to Know
Know your boundaries

18. Boundaries Within your immediate family: Outside immediate family:
Finances must be a family affair
Outside immediate family:
Family/Friends + Finances = Fiasco!

19. Know (and maintain) your emergency fund
Key Things to Know
Know (and maintain) your emergency fund

20. Know your plan . . . and what to do when it changes
Key Things to Know
Know your plan and what to do when it changes

21. Your Plan
Goals are good
College
Wedding
Home
Trip
Car
Retirement

22. Your Plan But Things Can Will Change Job Loss Illness Baby
Extended Family
Suddenly Single – Widowed/Divorced

23. Know the investment basics
Key Things to Know
Know the investment basics

24. Investment Basics Stocks/bonds/cash/other
Know the risk/reward potential
Consider impact of inflation
Taxable vs. tax deferred vs. tax free

25. Know your tax situation
Key Things to Know
Know your tax situation

26. Tax Situation Self employment Social Security
Non-employer retirement savings
ROTH and non tax deferred savings

27. Know how to ask questions
Key Things to Know
Know how to ask questions

28. Key Things to Know Review
Money is nothing more than a tool
Know what you have and what you spend
Know your credit
Understand your employer’s benefit package
Know your personal insurance policies
Understand the importance of your estate plan
Know your boundaries
Know (and maintain) your emergency fund
Know your plan. . .and what to do when it changes
Know the investment basics
Know your tax situation
Know how to ask questions

29. Want to sign up to receive our newsletter?
Questions?
Want to sign up to receive our newsletter?
To discuss these ideas in greater detail, please contact me at: |
To read more about Ronald Blue Trust’s services, visit