Imagine this circle represents all of the money you will ever have........
The amount of money that will pass through your hands during your lifetime is a Finite amount.
Yours is larger than some and smaller than others.
Accumulated Money: Represents your current savings and investment dollars, and tends to consume most of our attention. For the first time in history America has negative savings rate. We spend more than we make. (3% average savings)
Lifestyle Money: Represents what you spend to maintain your standard of living; your home, the car you drive, etc. For many, lifestyle can be the #1 factor influencing our ability to save. While we understand we should be saving more, few of us are willing to reduce our lifestyle to do so. (23% average)
Transferred Money: Is a major problem for most of us. Transferred Money represents money you are transferring away from your "Circle of Wealth" unknowingly and unnecessarily. (74% in taxes & Interest)
Examples of Major Wealth Transfers:
Income Tax & Other Taxes Financing Cars & other items
Interest & Depreciation How you pay your Mortgage
Credit Cards Insurance
Disability Insurance Homeowners Insurance
Major Medical Insurance Wills and Trusts
Term Insurance Long Term Care
The First was Accumulated Money. On a scale of 1-10, ten being the highest how would you say you feel you are doing accumulating the assets you are going to need to meet your future retirement goals?
Can you answer these questions?
* How long will I have to continue working to retire at my present lifestyle?
* What rate of return do I have to earn, to retire doing what I am currently doing?
* How much should I be saving annually to retire at my present income and lifestyle?
* How much would I be able to spend when I retire and have it last to my life expectancy?
* Am I 100% Sure it will be there, be enough, or last, doing what I am doing now?
* What other options do I have?
* How can I improve on what I am doing?
The second type of money was your Lifestyle Money.
How much would you want to spend talking to a financial service professional to help you reduce your present standard of living? Just as we thought…zero.
The third type of money was Transferred Money.
If in working together we could find money that you are currently losing in the areas mentioned and bring it back to the table, it would free up money for you to put in one of two places.
We believe the lion’s share of any money we help you find should be funneled into your Accumulated Money so that your future is more solid.
We also feel that some of the money recaptured should be directed to your lifestyle so that the journey along the way is a pleasant one.
By using a Financial Worksheet & needs analysis we can see how we can help You Increase Your Cash Flow, Eliminate Debt, Reduce taxes & Create a Guaranteed, Predictable Retirement, just by "Re positioning".
Do you Currently have A Broker or "Financial Adviser"?
If so.....Ask yourself A few Simple Questions............
1.) Does your current Financial Person help reduce Interest on your current loans?
If not. Why?
2.) Does your Current Financial Person help with debt Elimination?
If not, Why?
3.) Does your current Financial Person help reduce your taxes?
If not, Why?
4.) Does your current Adviser do a 21 Pt Checklist concerning all your accounts?
If not, Why?
5.) Does your current professional explain retirement "Provisional Income?
If not, Why?
Yours is larger than some and smaller than others.
Accumulated Money: Represents your current savings and investment dollars, and tends to consume most of our attention. For the first time in history America has negative savings rate. We spend more than we make. (3% average savings)
Lifestyle Money: Represents what you spend to maintain your standard of living; your home, the car you drive, etc. For many, lifestyle can be the #1 factor influencing our ability to save. While we understand we should be saving more, few of us are willing to reduce our lifestyle to do so. (23% average)
Transferred Money: Is a major problem for most of us. Transferred Money represents money you are transferring away from your "Circle of Wealth" unknowingly and unnecessarily. (74% in taxes & Interest)
Examples of Major Wealth Transfers:
Income Tax & Other Taxes Financing Cars & other items
Interest & Depreciation How you pay your Mortgage
Credit Cards Insurance
Disability Insurance Homeowners Insurance
Major Medical Insurance Wills and Trusts
Term Insurance Long Term Care
The First was Accumulated Money. On a scale of 1-10, ten being the highest how would you say you feel you are doing accumulating the assets you are going to need to meet your future retirement goals?
Can you answer these questions?
* How long will I have to continue working to retire at my present lifestyle?
* What rate of return do I have to earn, to retire doing what I am currently doing?
* How much should I be saving annually to retire at my present income and lifestyle?
* How much would I be able to spend when I retire and have it last to my life expectancy?
* Am I 100% Sure it will be there, be enough, or last, doing what I am doing now?
* What other options do I have?
* How can I improve on what I am doing?
The second type of money was your Lifestyle Money.
How much would you want to spend talking to a financial service professional to help you reduce your present standard of living? Just as we thought…zero.
The third type of money was Transferred Money.
If in working together we could find money that you are currently losing in the areas mentioned and bring it back to the table, it would free up money for you to put in one of two places.
We believe the lion’s share of any money we help you find should be funneled into your Accumulated Money so that your future is more solid.
We also feel that some of the money recaptured should be directed to your lifestyle so that the journey along the way is a pleasant one.
By using a Financial Worksheet & needs analysis we can see how we can help You Increase Your Cash Flow, Eliminate Debt, Reduce taxes & Create a Guaranteed, Predictable Retirement, just by "Re positioning".
Do you Currently have A Broker or "Financial Adviser"?
If so.....Ask yourself A few Simple Questions............
1.) Does your current Financial Person help reduce Interest on your current loans?
If not. Why?
2.) Does your Current Financial Person help with debt Elimination?
If not, Why?
3.) Does your current Financial Person help reduce your taxes?
If not, Why?
4.) Does your current Adviser do a 21 Pt Checklist concerning all your accounts?
If not, Why?
5.) Does your current professional explain retirement "Provisional Income?
If not, Why?
The lack of systematic
savings can tempt one to take unnecessary investment risk. DALBAR Associates’ Analysis of Investor
Behavior Study reported that during the years from 1983 to 2002, the
average investor received a return of only 2.57%. Which was actually lower than the average
inflation of 3.14% for the period! This period included the greatest Bull Market
in stocks ever!
Our focus would be to help you increase your Wealth or “Accumulated money” by avoiding areas where you could be transferring money away. All without affecting your present lifestyle. Success in the market takes time, energy and knowledge that most investors do not possess and most “Financial Advisors” cannot predict either.
Our focus would be to help you increase your Wealth or “Accumulated money” by avoiding areas where you could be transferring money away. All without affecting your present lifestyle. Success in the market takes time, energy and knowledge that most investors do not possess and most “Financial Advisors” cannot predict either.
Take time to find what "Fees" are costing you!
Call or email us to find what fees are really costing you. We can help determine what high 401k, 457, or 403b fees might be costing you. High retirement plan fees can take a huge bite out of your retirement savings. Many are not even aware that they pay fees through their retirement plan investments.
