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Maroon 401(k) Education

by

Pension Advisors

on 13 August 2018

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Transcript of Maroon 401(k) Education

Know your Net Worth
Contribute
10 Ways to
Save & Invest for
Retirement in Today’s Turbulent
Market

ROT
ATE
ADD YOUR

CONTENT
DEAD END
MR SPEEDING
SET
your goal
Credit Card
Student Loan
Car Loan
First thing to budgeting is to come up with a schedule to get out of debt
To Your Wealth
Starting Later . . .
Just dial it up!
Increase your Contribution
each year
Grow Your Net Worth
What's Your Net Worth?
How much money you earn in a given period of time.
Income
Net Worth
vs
.
Value of everything you own, minus all your debts
70% of Lottery Winners
are broke within 3 years
It’s not how much you make . . .it’s how much you keep.
- If you earn $1 million per year and spend it all -

you are
NOT
wealthy!
Income - Expenses = Net Worth
Budget to Reduce Expenses
Increase your Net Worth
BUDGET TO ZERO BEFORE THE MONTH BEGINS.
How to
REALLY
make
budgeting work
Make a plan and giving every dollar a name.
CUT UP YOUR CREDIT CARDS.
$750.00 purchase price
Balance at end of year

interest charged
$110.50
650.00
Total Due
760.50
yr 1
yr 2
payments of $100.00 a year
660.50
$112.28
772.78
yr 3
662.78
$112.67
775.45
665.45
$113.12
778.57
CREATE A BUDGET
If you have

extra money

each month - plan for that as well (Real Estate, Investment Account, 401(k))

If you're living
paycheck to Paycheck
A budget will help you get out of Debt and make good choices.
401(k)
Individual Retirement Account
Real Property

First:


Own mostly liabilities
(things that require cash to operate - Rent, Car, Cell Phone, etc.) & need to keep working to feed your lifestyle.

20s, 30s, 40s

Second:
Been investing for a while and

own some good assets

(income producing assets such as stocks, bonds, rental properties) with a goal to keep growing your New Worth.

30s, 40s & 50s


Third :


Income
from assets
surpass your expenses
- Retirement planning is underway.

40s, 50s, 60s, 70s

Fourth:

Have
plenty of income
from your investments to keep reinvesting and
no longer need income from a Salary
to maintain your lifestyle.
Retirement
(Any Age)
4 Stages to Financial Independence
Income = Expenses

Income < Expenses
Incur Credit Card Debt

Income > Expenses
Grow Net Worth
Create your own path
Investing for Success
Planning for the long term

88%

Why Asset Allocation Matters
What that looks like for a
BioMotiv 401k Participant
Conservative
Moderate
8.9% Return:

$555,155
Aggressive
10.1% Return:
$715,245
1. Asset Allocation
2. Contribute More
3. Don't Try to Time the Market
How to Thrive During a Market Correction
Bulls vs Bears


Market Correction? Should I move all of my money into Cash?


The
worst five-year
=
average return of
negative 12.5%.
Of all
five-year
periods,
87%
were
positive,

97%
of
10-year
periods
were positive,
Since 1926, there's never been a
20-year period where stocks lost money.
YTD in Market
3 years
10 years in the Market
1. Asset Allocation
2. Contribute More
3. Don't Try to Time the Market
How to Thrive During a Market Correction
yr 4
Spectrum Diversified 401(k)
80%

18 years

4 - 5%
Live:
Earn:
How this
LOOKS
in Retirement

Budget
BUDGET TO ZERO BEFORE THE MONTH BEGINS.
How to
REALLY
make
budgeting work
Make a plan and giving every dollar a name.
CUT UP YOUR CREDIT CARDS.
Earning > Living Expenses
Earning < or = Living Expenses
Credit.com
Invest in Assets that
Grow
in Value
401(k)
IRA
Investment Account
Real Property
Collectibles

Savings Account
Cash Account
High Risk Endeavors
Stable Value funds
Over valued stocks




Increase & Meet
Every Year
Home Equity Line
Student Loan Debt
Your Measure of Financial Health
Consider Roth
Social Security is Taxed
Required Minimum Distribution
Tax Rate
Current Salary - $40,000
Tax Rate - 25%
contribute 5%
($2,000)
Adjusted Gross Income = $38,000
Tax Owed in Current Year = $0
In Retirement = $23,474 (8% ROR)
Taxes Owed in Retirement: $6368.50


35 years old
Current Salary - $40,000
Tax Rate - 25%
contribute 5% ($2,000)
Adjusted Gross Income = $40,000
Tax Owed in current year= $500

In Retirement = $23,474 (8% ROR)
Taxes Owed in Retirement: $0


35 years old
Traditional

Roth
Key Guaranteed Portfolio . . . . . 1.25%
Rule 72
Don't Panic
In Down Markets
Bulls
vs
Bears


Market Correction? Should I move all of my money into Cash?
YTD in Market
3 years
10 years in the Market
Need
Getting your Affairs
in order
Estate Planning Basics
WILLS
Distribute your assets
Executor
Guardian
Charitable Gifts
Burial Requests
Personal Property Distribution
Trust
Avoid probate
Long term planning and giving
provide for your spouse and children
Credit Protection
Durable Power of Attorney,
Living Will,
Medical POA
Title of your Assets
Ownership
Joint and Survivor or POD
IRA & 401(k)
Real Property
checking & Savings & Investments

Beneficiary Election
Primary & Contingent
Questions
Select your portfolio
The Customized Do-it For Me Option
Asset Allocation Models that are Professionally Managed
Target Date Funds
20
30
40
50
60
70
80
90
Your Investment Options
HOW DO YOU WANT TO LIVE
SALARY $40,000
100% up to 4%
Rule of 72
Full transcript