Show Outline Week Beginning January 25 th, 2016 Healthy Retirement Habits

Transcription

1 Page 1 f 10 Shw Outline Week Beginning January 25 th, 2016 Healthy Retirement Habits Welcme t the Shw: Hi, I m frm and yu re listening t the Radi Shw. Our number is r yu can always learn mre abut us at dt cm. In tday s shw we ll talk abut: Yur current retirement strategy and hw yu can make sure yu dn t run ut f mney if yu live t be 100. After that, we ll talk abut 3 safe ways retirees can invest their assets and preserve their hardearned mney. Plus, we ll talk abut life insurance and hw it can supplement yur retirement investing strategy. But first up, we re ging t talk abut 5 persnal financial lessns learned frm the past year. Intr Cmmentary: Early n in life we begin t get educated n ways t incrprate healthy habits int ur lives. As a child I can recall being taught in schl the prper nutritin guidelines frm the gvernment. It s evlved s many times it s hard t keep track whether it s still a pyramid r has been changed t a rhmbus r sme ther shape. Eating right wasn t the nly thing we learned abut in schl; exercise was als n the curriculum. Befre physical educatin started getting axed due t budget cuts, health educatin and gym class were required. It s hard t argue with prper nutritin and exercise as the crnerstnes f living a healthy life. Mst thrugh dctrs will inquire abut yur dietary habits and the amunt f exercise yu d weekly as part f a physical examinatin. The ther things a gd dctr will fcus n is yur stress level. The effects f stress are well dcumented in the medical cmmunity. Lwering the level f stress in yur life is just as imprtant as eating healthy and getting enugh exercise. As we age each f these factrs becme mre imprtant t maintaining ur health. The cmmn factr between diet, exercise and stress is that they are all things we can cntrl. Being aware f an issue in any ne f thse areas is usually the first step in making a psitive change t crrect it. The recent market vlatility has created a lt f uneasiness fr investrs, and in particular retirees. These cnditins have them wndering if their current strategy is apprpriate r if they are expsed t t much risk. The pressure and stress can be multiplied fr the d-it-yurself investr because they are Helping the Financial Industry Generate Leads and Clse Business

2 Page 2 f 10 all alne in the decisin making prcess. They dn t have all the research, experience, and resurces that a qualified financial prfessinal wuld have. Letting the fear and anxiety build up will nt slve the prblem and will nly increase yur level f stress. S if yu are feeling stressed abut the recent market cnditins and the impact n yur retirement, maybe it s a gd time t meet with a financial advisr. It s easy and free, and many qualified financial prfessinals ffer cmplimentary, n bligatin meetings t discuss yur financial gals and answer yur questins. Yu ll mst likely start t feel better by just knwing yu are taking cntrl f the situatin. Besides, getting a secnd pinin n yur retirement plan might just be what the dctr rdered. IF YOU ARE A LICENSED FINANCIAL ADVISOR PLEASE CONSULT YOUR COMPLIANCE DEPARTMENT PRIOR TO GIVING SPECIFIC ADVICE Segment 1: 5 Persnal Financial Lessns Learned in 2015 Surce: Kiplinger Article: The 7 Mst Valuable Persnal Finance Lessns f 2015 Date: December 31 st, 2015 Intr: Hi. I m frm and yu re listening t the Radi Shw. Our number is r yu can always learn mre abut us nline at dt cm. In this segment we re ging t talk abut sme imprtant financial lessns we ve learned frm Several big changes in 2015 have affected the way retirees plan fr their life in retirement. One s retirement incme strategy has many mving parts. Here are the tp 5 financial lessns learned frm this past year. Talking Pints: Planning fr retirement is nt just a ne-stp-shp Changes ccur in the market, ecnmy, and in ur lives that makes it extremely imprtant t re-think ur retirement strategies Here are the 5 mst valuable persnal financial lessns learned frm 2015 Save mney n rising health care csts Yu may be paying higher premiums r larger ut-f-pcket expenses fr: Medical Expenses and Prescriptin Drugs Prescriptin drug csts are ne f the fastest-rising csts assciated t health care (especially the expensive brand-name drugs) Fllwing Health-Care trends t help save yur hard-earned mney Health Savings Accunts can prvide a triple tax break Cntributins are pre-tax/tax-deductible Helping the Financial Industry Generate Leads and Clse Business

3 Page 3 f 10 Mney grws tax-deferred And take-free withdrawals fr medical expenses can be taken any year, even after retirement Withdrawal decisins t help stretch retirement savings Cngress permanent extensin f: The ability t transfer up t $100,000 tax-free frm an IRA t charity fr peple ver age 70 ½ These transfers can cunt as RMDs withut increasing adjusted grss incme And nw that the law was extended permanently, peple can make the transfer anytime during the year After age 70 ½, many will be subject t large tax bills when they have t begin their RMDs Scial Security Optins Understand yur ptins t help maximize yur benefits Cnsult with yur trusted financial prfessinal t ptimize yur scial security strategy If yu sign up fr benefits befre yur full retirement age Benefits can be reduced by as much as 25% fr claiming early If yu delay signing up fr benefits past yur full retirement age Annual benefits can increase up t 8% fr every year yu wait until age 70 Dnatins that can help yurself t What charity shuld yu dnate yur hard-earned mney t? Research charities t supprt Maybe yu have a family member r friend wh was recently diagnsed with an illness and yu want t give t help that particular cause Avid charity scams CharityNavigatr, CharityWatch.rg, The BBB s Wise Giving Alliance, GiveWell, Guidestar.rg are sme places yu can g t make educate yurself n ptential scammers Charitable tax deductins Dnr-Advised Fund Way t receive a deductin nw and have unlimited time t decide which charities yu want t supprt Cash, mutual funds, stck, and in sme cases real estate are all the kinds f assets than can be cntributed t a dnr-advised fund Checking up n Hmewners Insurance Yur hme is ne f yur biggest investments Save mney and prtect yur investment with hmewners insurance Strms and natural disasters Last year s recrd breaking cld and winter strms in certain areas were an imprtant lessn fr many hmewners Natural disasters have reminded flks t check their rfs, gutters, windw and dr seals, trees in the yard that may cause damage Yur sewage backup (sump pump) and flding (water entering frm bttm up) is nt typically in hmewners insurance plicies Cnsult with yur advisr n yur hmewners insurance t make certain yu knw what yu re paying fr and what type f cverage yu are set t receive Helping the Financial Industry Generate Leads and Clse Business

4 Page 4 f 10 Call t Actin: YOUR FINANCES IN RETIREMENT HAVE A LOT OF MOVING PARTS THAT REQUIRE MAINTENANCE, NOT UNLIKE YOUR CAR. IF YOU NEVER TOOK YOUR CAR TO THE MECHANIC AND JUST CHANGED THE OIL YOURSELF, IT'S FAIR TO SAY THAT YOU'D BE RISKING THE CHANCE THAT IT WON'T LAST AS LONG AS IT WOULD HAVE IF YOU MADE SURE IT WAS SERVICED BY A PROFESSIONAL. THE SAME IS TRUE FOR YOUR PORTFOLIO, AND NOTHING HIGHLIGHTS THAT BETTER THAN SOME OF THE 2015 RETIREMENT CHANGES WE JUST WENT OVER. IF YOU'RE LOOKING FOR HELP TO PROTECT AND SECURE YOUR NEST EGG IN TODAY'S MARKET, WE'RE OFFERING FREE FINANCIAL REVIEWS FOR OUR LISTENERS. YOU CAN SCHEDULE A FREE REVIEW TODAY BY CALLING OUR OFFICES AT OR VISITING DOT COM. WITH CHANGES TO TAX LAWS AND HEALTHCARE COSTS TO NAME A FEW, IT HELPS TO HAVE A FINANCIAL EXPERT GUIDE YOU THROUGH THEM. OUR STAFF IS STANDING BY AT OR ONLINE AT DOT COM. Clse: Cming up next, we ll be talking abut reaching the century mark and hw t best plan s that yu dn t run ut f yur retirement incme. Stick arund, we ll be right back. IF YOU ARE A LICENSED FINANCIAL ADVISOR PLEASE CONSULT YOUR COMPLIANCE DEPARTMENT PRIOR TO GIVING SPECIFIC ADVICE Segment 2: Reaching the Century Mark Surce: Yah Finance Article: Hw t Finance Living Until 100 Date: January 22 nd, 2016 Intr: Welcme Back. I m frm and yu re listening t the Radi Shw. Our number is r yu can always learn mre abut us nline at dt cm. In this segment we re ging t discuss ways t adjust yur retirement strategy as yu plan n reaching 100 years ld. Mre and mre Americans are living past age 100. Thse wh end up living a much lnger life have t pay much mre fr it. Here are 5 ways t adjust yur retirement strategy and make sure yu dn t run ut f mney if yu live lng enugh t reach the century mark. Talking Pints: A new Centers fr Disease Cntrl and Preventin reprt states: The number f Americans age 100 and lder has: Helping the Financial Industry Generate Leads and Clse Business

5 Page 5 f 10 Increased by abut 44% frm 50,281 in 2000 t 72,197 in 2014 Living a lnger life means paying mre fr it in the lng-run Fr example, picture yurself retiring at age 65 and living t reach the century mark That s 35 years f retirement incme yu need t have If yu live lng enugh t reach that century mark, here are 5 ways t help pay fr it Delay claiming Scial Security As I mentined earlier in ur previus segment Delay claiming beynd yur full retirement age can help yu increase yur mnthly payments by 8% fr each year f delay Full retirement age is 66 fr mst bmers and 67 fr thse brn in 1960 r later By signing up at age 70, yu ptentially can increase yur benefit by up t 32% Larger payments later n in life will help keep yur retirement incme aflat as yu reach age 100 Keeping up with inflatin Over a 30 r 40 year retirement, the cst f gds and services are likely t increase Prtecting yurself against inflatin Scial Security is autmatically adjusted as the cst f living rises Gvernment Bnds Treasury Inflatin-Prtected Securities A guaranteed way t keep up with inflatin Other Assets like stcks, cmmdities, and real estate These assets histrically kept pace with inflatin, but they are nt guaranteed t match r beat inflatin Finding a mdern-day pensin 30 years ag, it was much easier t find a jb with a pensin plan The vast majrity f pensin plans are nt adjusted fr inflatin Emplyer-Match 401(k) accunts have taken ver as mdern-day pensins If yur frmer r current emplyer did nt participate in a matching prgram, yu may want t find a jb that will match yur cntributins Purchase an Immediate Annuity Immediate annuities are an insurance prduct It will prvide mnthly r annual payments smetimes fr the lifetime f the purchaser A large lump sum f cash will typically be exchanged with the insurance cmpany in rder t receive a steady stream f payments that last fr yur lifetime Make certain yu cnsult with yur financial prfessinal prir t purchasing because Smetimes annuities charge steep fees and carry the risk f the insurance cmpany defaulting n its payments Adjust yur Draw-Dwn Strategy A cnservative strategy will help ensure that yur retirement savings last yu fr several decades as yu near the century mark In sme cases, yu may chse t spend nly the investment returns that are generated In sme cases, yu may chse t spend 3 r 4 percent f yur savings each year N matter the case, yur persnal financial situatin is different and as a Fiduciary, it is my duty t put yur persnal needs and gals first perid. Helping the Financial Industry Generate Leads and Clse Business

6 Page 6 f 10 Call t Actin: WHEN WE WERE GROWING UP, PEOPLE RARELY LIVED TO 100, BUT TODAY IT'S FAIRLY COMMON THANKS TO MODERN MEDICINE. THAT'S ONE OF THE REASONS WHY IT'S MORE IMPORTANT THAN EVER TO MAKE SURE YOUR RETIREMENT PORTFOLIO HAS THE STAMINA TO PROVIDE YOU INCOME FOR AT LEAST THIRTY YEARS. WE JUST REVIEWED HOW INFLATION CAN TAKE A HUGE BITE OUT OF YOUR SAVINGS, BUT WE'RE HERE TO HELP AND SHOW YOU STRATEGIES TO PROTECT AND GROW YOUR PORTFOLIO. AS A LISTENER OF THE SHOW WE INVITE YOU TO TAKE ADVANTAGE OF A FREE FINANCIAL REVIEW, SCHEDULE YOUR FREE REVIEW BY CALLING OUR OFFICE AT OR VISITING US ONLINE AT DOT COM. Clse: Cming up next, we ll be talking abut sme safe alternatives retirees in 2016 can cnsider fr their retirement mney. Stick arund, we ll be right back. IF YOU ARE A LICENSED FINANCIAL ADVISOR PLEASE CONSULT YOUR COMPLIANCE DEPARTMENT PRIOR TO GIVING SPECIFIC ADVICE Segment 3: Safe Alternative Investment Optins Surce: Investpedia Article: 3 Safer Incme-Oriented Asset Classes fr Retirees in 2016 Date: January 24 th, 2016 Intr: Welcme Back. I m frm and yu re listening t the Radi Shw. Our number is r yu can always learn mre abut us nline at dt cm. In this segment we re ging t talk abut sme safer ways retirees can invest their assets in Finding ways t safely secure yur retirement incme may nt be as difficult as yu nce thught. Alternative Investment ptins fr retirees can help prvide a safe and secure life in retirement. Here are 3 safe alternatives yu can use t help preserve yur hard-earned mney in the future. Talking Pints: In December 2015, the federal funds rate increased by.25% Keep yur retirement mney safe and secure with these 3 alternative ptins: Immediate Annuities Cnstructed the same way as a life insurance plicy (based n gender and age) Created when a retiree depsits a lump sum f cash with an insurance plicy, then An Incme stream is cntinued fr a perid f time f the retiree s chice Incme payments include bth interest and return f premium and nly the interest cmpnent is taxed Lifetime: Payments terminate upn their death Helping the Financial Industry Generate Leads and Clse Business

7 Page 7 f 10 If married, the payments can cntinue until the time f the spuse s death Perid Certain: a specific perid f years fr the payment t cntinue until expiratin date Lifetime Optin (r Life-Only ) Highest incme stream when n beneficiary is set t receive further payments after their death Hwever, this des carry sme risk as the incme stream can end befre the lump sum is ever paid ut Fidelity 2015 Immediate Annuity Example Investment 70 year ld male with a $100,000 depsit chsing Life Only $659 f mnthly incme fr life Same scenari chsing a life payment including a guaranteed 10 year perid certain $622 f mnthly incme fr life, but with 10 years f guaranteed payment n matter when his death ccurs Certificates f Depsit Deemed t be ne f the safest savings ptins Interest earned n a CD f any size is fully taxable in the year when it accrues When purchased thrugh an FDIC-insured bank: Hlder is cvered up t $250,000 at that particular bank in ttal But nt fr each individual CD, if the hlder wns mre than ne Make certain yu cnsult with yur financial prfessinal t fully understand: Severity f withdrawal penalties if yu cash in the CD early Hw interest is paid (mnthly r semi-annually) When the CD fully matures Jumb CDs requiring depsits f $100,000 r mre Banks are the primary distributr f CDs, but Stck Brkerage firms will typically handle Jumb CDs Pay higher rates f interest than thse CDs denminated in smaller amunts Staged Withdrawals frm Investment Prtflis Great way t help fill retirement incme gaps/needs withut destrying principal Wrks best if the retiree has accumulated a diversified prtfli f equities and bnds Cnsult with yur trusted advisr t determine the best path f staged withdraws D yu knw the size f yur current prtfli? Hw are yur assets allcated? What levels f risk are yu currently taking? Every retiree has a different situatin with different incme gap levels t fill Retirees may need t chse alternatives t make certain they preserve their retirement incme Call t Actin: THE MARKET HAS BEEN A ROLLER COASTER SO FAR THIS YEAR, BUT I HELP MY CLIENTS PROTECT THEIR PORTFOLIO FROM THAT VOLATILITY. AT THIS STAGE IN THE GAME, YOU CAN NOT AFFORD TO WAIT YEARS FOR THE MARKET TO RECOVER FROM A DIP OR SIGNIFICANT LOSS. WHEN YOU VISIT OUR OFFICE FOR A FREE FINANCIAL REVIEW, YOU'LL LEAVE WITH OPTIONS TO GIVE YOUR PORTFOLIO A COMPREHENSIVE UPDATE TO PROVIDE RETIREMENT INCOME FOR THE REST OF YOUR LIFE. Helping the Financial Industry Generate Leads and Clse Business

8 Page 8 f 10 NOT ALL INVESTMENTS ARE APPROPRIATE FOR EVERYONE, BUT FINDING THE RIGHT ONES CAN ADD YEARS OF INCOME TO YOUR RETIREMENT PLAN. WE'LL HELP YOU MAKE THE BEST CHOICES FOR YOUR UNIQUE FINANCIAL SITUATION. FOR YOUR FREE FINANCIAL REVIEW, CALL OUR OFFICES TODAY AT OR VISIT US ONLINE AT DOT COM. Clse: Cming up next, we ll be talking abut life insurance and hw it can be used as an investment in retirement. Stick arund, we ll be right back. IF YOU ARE A LICENSED FINANCIAL ADVISOR PLEASE CONSULT YOUR COMPLIANCE DEPARTMENT PRIOR TO GIVING SPECIFIC ADVICE Segment 4: Life Insurance as a Retirement Investment Surce: Investpedia Article: 3 Methds t use Life Insurance as an Investment During Retirement Date: January 20 th, 2016 Intr: Welcme back. I m frm and yu re listening t the Radi Shw. Our number is r yu can always learn mre abut us nline at dt cm. In this segment we re ging t discuss certain ways t use life insurance as an investment during yur retirement. Guaranteed cash value is ne f the mre intriguing prperties f life insurance prducts. Life insurance n its wn is nt a sufficient retirement investing strategy. Here are 3 ways yu can utilize life insurance as a way t maximize ther retirement investments. Talking Pints: Life Insurance as an investment is intriguing because: Its guaranteed cash value Ability t grw tax-deferred Death benefits are tax-free Access t the cash is tax-free The csts assciated t life insurance and its minimal returns make it difficult t use as yur tp retirement investing tl Cnsult with yur trusted financial prfessinal t determine whether r nt life insurance will help maximize yur retirement investing strategy There are 3 ways (depending n yur persnal financial situatin) t utilize life insurance as a way t maximize ther retirement investments Maximize Yur Pensin Single-life ptin yields the highest mnthly incme, but leaves n incme fr a spuse after yu expire Jint-life ptin reduces yur mnthly payut, but delivers incme t yur spuse even after yu pass away Pensin Maximizatin Strategy using Life Insurance Helping the Financial Industry Generate Leads and Clse Business

9 Page 9 f 10 Gives yu the ability t maximize current mnthly incme and prvide a lump-sum benefit that can be cnverted t lifetime incme fr yur spuse Knw that it s a cmplex strategy Wuld yu be better ff with single-life r the jint-life ptin? Certain factrs will help determine if the strategy will wrk fr yur situatin Maximize Yur Estate Health, prjected life expectancy, age, tax bracket, difference in incme dllar payut between the tw ptins Life insurance can prvide immediate capital t pay estate settlement csts In 2015, yur estate culd ve been subject t estate taxes if it exceeded $5.43 millin Estate tax rates are currently at 40% When settling yur estate, heirs may need t sell ff assets t help pay the taxes and ther related csts Just imagine if yur heirs ended up having t be frced int the sale f a business r valuable asset t cver the csts Estate planning is ne f the mst difficult yet imprtant tpics t discuss Be sure t cnsult with a trusted prfessinal t help determine the mst apprpriate steps t take t prtect and maximize yur estate Irrevcable Life Insurance Trust (ILIT) Creating an ILIT will ultimately make yu r yur heirs wn the life insurance An ILIT remves the value f yur life insurance frm the estate s that it s nt included fr tax purpses Maximize Yur Legacy If yur financial legacy is likely t be diminished by taxes, then yu may want t cnsider using life insurance t help maximize yur legacy Fr thse wh have an Individual Retirement Accunt (IRA) with sufficient additinal assets and incme t cver needs Yu may be thinking abut passing yur IRA n t yur children But nce yu turn 70 ½ yu ll have t start making RMDs even if yu dn t need them This reduces yur asset value and paying taxes n the distributins will further diminish the value Yur children will als be required t pay incme taxes n distributins when they receive the IRA Maximize with an IRA as a Legacy Asset Yu can turn it int a tax-advantaged legacy Take distributins currently and use them t purchase a life insurance plicy Yu ll pay taxes n the distributin, but when using the mney t pay the premium n the plicy, the value f yur legacy will increase significantly Yur children will then receive an incme tax-free death benefit as well as the remaining balance f the IRA Call t Actin: LIFE INSURANCE IS AN INVESTMENT WE MAKE TO PROTECT OUR LOVED ONES, BUT WE'RE SHOWING OUR LISTENERS HOW THEY CAN INCORPORATE THAT INVESTMENT INTO THEIR RETIREMENT PLANS TO SIGNIFICANTLY INCREASE VALUE IN OTHER AREAS AS WELL. Helping the Financial Industry Generate Leads and Clse Business

10 Page 10 f 10 Clse: IF YOU'D LIKE TO KNOW MORE ABOUT HOW LIFE INSURANCE CAN BE USED TO MAXIMIZE YOUR OTHER RETIREMENT INVESTMENTS, CALL US TODAY AT OR VISIT US ONLINE AT DOT COM. RETIREMENT PLANNING IS COMPLICATED, ESPECIALLY WHEN YOU'RE PLANNING FOR TWO PEOPLE OR MORE. IT S REALLY IMPORTANT TO UNDERSTAND HOW THE CHOICES YOU MAKE WILL IMPACT YOUR SPOUSE AND THE OTHER LOVED ONES YOU CARE ABOUT. YOU SHOULDN'T HAVE TO BE AN EXPERT. THAT'S WHY I CREATED THIS COMPANY, TO GIVE PEOPLE JUST LIKE YOU ACCESS TO EXPERT RETIREMENT ADVICE. WE'RE OFFERING FREE FINANCIAL REVIEWS FOR OUR LISTENERS, BUT TO SCHEDULE YOURS, YOU NEED TO CALL OR VISIT US ONLINE AT DOT COM. Shw wrap Charismatic signff Cntact infrmatin I m frm. Thanks fr listening t the Radi Shw. Our number is r yu can always learn mre abut us nline at dt cm. IF YOU ARE A LICENSED FINANCIAL ADVISOR PLEASE CONSULT YOUR COMPLIANCE DEPARTMENT PRIOR TO GIVING SPECIFIC ADVICE Helping the Financial Industry Generate Leads and Clse Business