1. Financial Planning
Ryan Simmen
05/29/2019

2. Free Advice
The most expensive advice is free advice

3. Fund Fees Advisor Fees Trade Commissions Frontend and Backend Loads
Administrative Fees
Management Fees
Redemption Fees
12b-1 Marketing fees
Expense Ratio

4. John C. “Jack” Bogle Founder of Vanguard Low Cost Mutual Funds / ETFs
Investment Philosophy
Develop a plan
Invest early and often
Never bear too much or too little risk
Diversify
Never try to time the market
Use index funds when possible
Keep cost low
Minimize taxes
Invest with simplicity
Stay the course
Lazy Portfolios

5. Priority Emergency Fund
Contribute enough to a work-based plan to get the Full Match
Pay off high interest debt such as Credit Cards
Contribute to a Health Savings Account
Contribute the maximum to a Traditional IRA or a Roth IRA
Contribute the remainder of the work-based plan
Contribute to a Taxable Account

6. Traditional vs Roth Pre-Tax Contributions Grows Tax Deferred
10% early withdrawal penalty with few exceptions
Forced to take retirement distributions at 70.5
Age restrictions on contributions
After Tax Contributions
Grows Tax Free
No penalty for early withdrawal of contributions
Not forced to take retirement distributions
Contribute at any age

7. Investment Calculators
Fidelity's X-Factor
The Flexible Retirement Planner
Optimal Retirement Planner
CAGR of the Stock Market
Inflation Calculator
Rental Property Calculator

8. Indexed Universal Life Insurance
Unlimited Contributions
Grows Tax Deferred
Downside Cap
Upside Cap
Annual premium provides a tax-free permanent death benefit
Cash value may be used to pay the annual premium
Cash value may be withdrawn at anytime without penalty
Cash value may be borrowed against tax-free and interest still accrues

9. Robert Kiyosaki Author of Rich Dad Poor Dad Don’t work for money
Learn the difference between a liability and an asset
Decide to become a B or an I instead of an E or an S
Formulate an investment plan
Increase your financial literacy
Control your Cashflow
Build a team
Focus your efforts

10. Real Estate Investment
Positive Cashflow
Appreciation
Leverage (OPM)
Increased Rent
Inflation
Taxes

11. Tax Advantages of Real Estate
Mortgage Interest
Home Equity Loan Interest
Property Tax and Insurance
Depreciation
Cost Segregation
1031 Exchange
No FICA (Medicare and Social Security) on Rental Income
199A 20% Pass-Through Deduction

12. Final Thoughts Real Estate in an IRA Brokerage account in an LLC
Tax advantages of paper assets
Leverage
People (Ideas, Talent, Knowledge)
Other People’s Money (Debt, Rent)
Velocity