YOUR FINANCIAL FUTURE
|
|
- Amberly Lawrence
- 8 years ago
- Views:
Transcription
1 YOUR FINANCIAL FUTURE May 2013 In This Issue How Much Will That Little Bundle of Joy Cost You? Try $163,000 It certainly comes as no surprise to parents that raising a child can be expensive. But just how expensive? I hope this educational resource proves helpful. I believe an educated investor is a better investor. Please call me if you have questions. Robert Vettorel Washington Financial Wealth Management Division Senior Vice-President 77 South Main Street Washington, PA Fax: robert.vettorel@lpl.com inancial.com Five Strategies for Tax-Efficient Investing Find out are five ways to potentially lower your tax bill through tax-efficient investing strategies. Target-Date Funds: Are They Right for You? A target-date fund is a type of investment designed to provide investors with a convenient way to select and maintain a portfolio's long-term asset allocation. This article explains how target-date funds work and the role they can play in helping readers pursue important financial goals. Near-Zero Interest Rates: Tradeoffs for Investors The Federal Reserve's continued policy of low short-term interest rates presents potential plusses and minuses for investors. Independent Investor May 2013 In recent years, millions of American homeowners have taken advantage of historically low interest rates and refinanced their mortgages. While it's true that refinancing has the potential to significantly reduce the cost associated with borrowing money to buy a home, it is not necessarily a strategy that makes sense for everyone.
2 2 How Much Will That Little Bundle of Joy Cost You? Try $163,000 The average total child-rearing costs for a child born in 2010 and living at home through age 17 range from $163,440 to $377,040, depending on the family's income level. It certainly comes as no surprise to parents that raising a child can be expensive. But just how expensive? While many financial studies focus solely on college costs, research by the U.S. Department of Agriculture (USDA) provides parents and prospective parents with a general idea of the cumulative expenses for a child before college kicks in. The results are sobering. The average total child-rearing costs for a child born in 2010 and living at home through age 17 range from $163,440 to $377,040, depending on the family's income level. The USDA calculations include a wide variety of expenses, including housing, child care and education, health care, clothing, transportation, food, personal care, and entertainment. Estimated Cumulative Child-Rearing Expenditures, Lowest Income Group (<$57,600) Middle Income Group (between $57,600-$99,730) Highest Income Group (>$99,730) $163,440 $226,920 $377,040 Source: USDA, Expenditures on Children by Families, 2010; June All figures are in 2010 dollars. Households in the lowest income group (those earning under $57,600 per year) are estimated to spend 25% of their before-tax income on a child, while those in the highest income group (earning more than $99,730 annually) are estimated to spend just 12%. For a middle-income family with two children, the largest expenditures are: Housing, at an average of 31% of total expenses. Child care/education, 17%. Food, 16%. Transportation, 14%. Health care, 8%. Total annual costs for that middle-income, two-child family range from $8,480 to $9,630 per child on average. For those couples with only one child, costs tend to be as much as 25% higher. Overall, costs for single parent households average about 7% less. Not surprisingly, geography matters. Parents in the "Urban Northeast" had the highest average expenses, while those in "Rural" areas had the lowest. It also should come as no surprise to parents that it is generally more expensive to raise a child today than it was when they were children. Average child-rearing expenses for a middle-class family have climbed nearly 25% since The USDA website has a free calculator that can help parents estimate their child care costs. The Cost of Raising a Child Calculator factors in geography, single or two-parent status, and the costs of additional children. The tool is available here: S&P Capital IQ Financial Communications. All rights reserved. Tracking #
3 3 Five Strategies for Tax-Efficient Investing You may be able to use losses within your investment portfolio to help offset realized gains. If your losses exceed your gains, you can offset up to $3,000 per year of the difference against ordinary income. After factoring in federal income and capital gains taxes, the alternative minimum tax, and potential state and local taxes, your investments' returns in any given year may be reduced by 40% or more. Here are five ways to potentially lower your tax bill. 1 Invest in Tax-Deferred and Tax-Free Accounts Tax-deferred accounts include employer-sponsored retirement accounts such as traditional 401(k)s and 403(b) plans, individual retirement accounts (IRAs) and annuities. In some cases, contributions may be made on a pretax basis or may be tax deductible. More important, investment earnings compound tax deferred until withdrawal, typically in retirement, when you may be in a lower tax bracket. Contributions to nonqualified annuities, Roth IRAs and Roth-style employer-sponsored savings plans are not deductible. Earnings that accumulate in Roth accounts can be withdrawn tax free if you have had the account for at least five years and meet the requirements for a qualified distribution. Withdrawals prior to age 59½ from a qualified retirement plan, IRA, Roth IRA or annuity may be subject to a 10% federal penalty. In addition, early withdrawals from annuities may be subject to additional penalties charged by the issuing insurance company. Consider Government and Municipal Bonds Interest on U.S. government issues is subject to federal taxes but is exempt from state taxes. Municipal bond income is generally exempt from federal taxes, and municipal bonds issued in-state may be free of state and local taxes as well. Sold prior to maturity, government and municipal bonds are subject to market fluctuations and may be worth less than the original cost upon redemption. Look for Tax-Efficient Investments Tax-managed or tax-efficient investment accounts are managed in ways that can help reduce their taxable distributions. Investment managers can potentially minimize portfolio turnover, invest in stocks that do not pay dividends and selectively sell stocks at a loss to counterbalance taxable gains elsewhere in the portfolio. Put Losses to Work You may be able to use losses within your investment portfolio to help offset realized gains. If your losses exceed your gains, you can offset up to $3,000 per year of the difference against ordinary income. Any remainder can be carried forward to offset capital gains or income in future years. Keep Good Records Maintain records of purchases, sales, distributions, and dividend reinvestments so that you can properly calculate how much you paid for the shares you own and choose the most preferential tax treatment for shares you sell. Keeping an eye on how taxes can affect your investments is one of the easiest ways you can enhance your returns over time. 1 This information is general in nature and is not meant as tax advice. Always consult a qualified tax advisor for information as to how taxes may affect your particular situation S&P Capital IQ Financial Communications. All rights reserved. Compliance Tracking # This article was prepared by Standard & Poor's Financial Communications Tracking # Exp. 11/16/2011
4 4 Target-Date Funds: Are They Right for You? Target-date investments provide investors with instant diversification into different asset classes. Target-date funds provide investors with the ability to simplify their financial and investment lives. 1 With target-date funds, your portfolio's asset allocation is automatically rebalanced on your behalf over the years by professional investment managers, generally growing more conservative as the identified target date approaches. Unlike lifestyle funds, target-date funds do not require investors to reassess their priorities and transfer money to a different fund as goals approach and priorities change. Generally speaking, the name of each target-date fund includes a specific year, such as "2030" or "2045." All you need to do is choose a fund named for the year closest to the year of your projected retirement. From that point on, professional investment managers make all the investment decisions. Understanding the Investment Strategy Target-date investments follow what is known as a "glide path." The glide path maps out the investment's asset allocation over time -- the way it is divided between the principal asset classes of stocks, bonds, and cash. How your assets are allocated among these investments is a major factor in determining portfolio volatility and risk. 2 As you approach retirement, a target-date investment typically reduces its holdings of stocks, while increasing its exposure to less risky bonds and cash. Target-date investments provide investors with instant diversification into different asset classes. 2 Target-Date Glide Path Hypothetical Chart 3 The illustration above shows you the glide path of a hypothetical 2045 target-date investment. Note how it begins investing primarily in stocks, then, over time, gradually decreases its stock component and increases its bond and cash components. A target-date investment's goal is to make the investing process simple. This "set it and forget it" style also makes investors less likely to allow short-term market fluctuations to adversely affect their investment decisions. A "New Generation" of Target-Date Investments The principal value of many target-date investments cannot be guaranteed at any time, including the target date, and may decline at any time. However, there are newer models that offer a way to protect all or some of your portfolio from market declines. These newer options are often tied to a feature that offers a lifetime income guarantee upon retirement. Target-date options may be ideal investments for those participants who have a long time horizon and for those who don't feel comfortable investing on their own. Be sure to review the glide paths of the target-date investments offered through your plan. If you have any questions, ask your plan administrator or financial professional. 1 The principal value of target-date funds is not guaranteed at any time, and you may experience losses,
5 5 including losses near, at, or after the target date, which is the approximate date when investors reach age 65. The funds emphasize potential capital appreciation during the early phases of retirement asset accumulation, balance the need for appreciation with the need for income as retirement approaches, and focus more on income and principal stability during retirement. There is no guarantee that the funds will provide adequate income at and through your retirement. Target-date funds invest in a broad range of underlying mutual funds that include stocks and bonds and are subject to the risks of different areas of the market. Target-date funds maintain a substantial allocation to stocks both prior to and after the target date, which can result in greater volatility. The more a target-date fund allocates to stock funds, the greater the expected risk. For further details on the risks associated with investment in a target-date fund, please refer to the fund's prospectus. 2 Asset allocation and diversification do not ensure a profit or protect against a loss. 3 Source: S&P Capital IQ Financial Communications. Example is hypothetical and does not represent any specific target-date investment S&P Capital IQ Financial Communications. All rights reserved
6 6 Near-Zero Interest Rates: Tradeoffs for Investors Maintaining interest rates at a historically low level, which has been the Federal Reserve's policy since December 2008, is a tool for stimulating economic growth. The Federal Reserve's continued affirmation to maintain the federal funds rate in a range between 0.00% and 0.25% through December 2014 has generated the usual analysis about whether Chairman Bernanke and his colleagues are doing the right thing. But the Federal Reserve's policy may be less about right versus wrong than about the tradeoffs for investors and consumers. When the Federal Reserve makes a determination about movements in interest rates, it bases its decision on prospects for economic growth and whether existing growth can be sustained. The Federal Reserve considers the outlook for inflation, the federal budget, consumer finances, corporate earnings, and a variety of other factors. Maintaining interest rates at a historically low level, which has been the Federal Reserve's policy since December 2008, is a tool for stimulating economic growth. A Domino Effect The fallout from the Federal Reserve's actions can be significant. The federal funds rate influences the prime rate, which in turn has a bearing on rates that lenders charge for consumer and corporate borrowing. When the prime rate is relatively low, lenders may offer lower rates for mortgages, credit cards, and other forms of credit than they otherwise would. It is important to remember that consumer demand and a household's creditworthiness are also significant factors in interest rates assessed by lenders. There are other plusses associated with low short-term rates. Borrowing costs are relatively low for corporations, which can impact earnings and escalate stock market returns. 1 In addition, with banks offering marginal returns on savings products, investors have a strong incentive to add to equity allocations with the goal of earning higher returns. A Flip Side Just as low short-term interest rates bring certain benefits, there may be drawbacks for investors and also for the broader economy. When short-term rates eventually go up, the situation is likely to be a negative for bondholders because of the inverse relation between interest rates and bond prices. 2 Historically, rising interest rates have caused the prices of existing bonds to decline because newly issued bonds carry higher rates, which push down the value of previously issued securities. Holding a bond until maturity, when an investor can recoup principal, can lessen interest rate risk. Low interest rates also are a potential negative for savers; in particular, for retirees who depend on savings products to finance living expenses. In addition, there remains the question of whether low short-term interest rates encourage certain investors to gravitate to assets that are relatively risky given the investor's time horizon and tolerance for volatility. Economic policy frequently presents both plusses and minuses, and low short-term interest rates are no exception. You may want to evaluate your exposure to interest rates risk and think about how you will cope with the situation when Federal Reserve policy changes. 1 Investing in stocks involves risks, including loss of principal. 2 Bonds are subject to market and interest rate risk if sold prior to maturity. Bonds are subject to availability and change in price S&P Capital IQ Financial Communications. All rights reserved
7 7 Independent Investor May 2013 Home Refinancing Basics In recent years, Americans seeking to capitalize on low interest rates have lined up to refinance their mortgages--often resulting in significantly lower monthly payments. While it's true that refinancing has the potential to help reduce the costs associated with borrowing money to own a home, it is not necessarily a strategy that makes sense for every individual in every situation. So before you make a commitment to refinance your mortgage, take some time to do your homework and determine whether such a move is the right one for you. To Refinance or Not The old and arbitrary rule of thumb said that refinancing only makes sense if you can lower your interest rate by at least two percentage points (e.g., from 7% to 5%). But what really matters is how long it will take you to break even and whether you plan to stay in your home that long. In other words, make sure you understand--and are comfortable with--the amount of time it will take for your overall savings to compensate for the cost of the refinancing. Consider this: If you had a $200,000, 30-year mortgage with a 7.5% interest rate, your monthly payment would be $1,398. If you refinanced at 4.5%, your new monthly payment would be $1,013, a savings of $385 per month. Assuming that your new closing costs amounted to $2,000, it would take a little over five months to break even ($385 x 5.2 = $2,002). If you planned to stay in your home for at least five more months, then refinancing may make sense. If you planned to sell the house before then, you might not want to bother refinancing. (See table below for additional examples.) All Mortgages Are Not Created Equal Try to avoid the mistake of choosing a mortgage based only on its stated annual percentage rate (APR), because there are many other variables to consider, such as: The term of the mortgage -- This is the amount of time (e.g., 15, 20, 30 years) it will take you to pay off the loan's principal and interest. Although shorter-term mortgages typically offer lower interest rates than long-term mortgages, they usually involve higher monthly payments. On the other hand, they can result in significantly reduced interest costs over time. The variability of the interest rate -- There are two basic types of mortgages: those with "fixed" (i.e., unchanging) interest rates and those with variable rates, which can change after a predetermined amount of time has passed, such as one year or five years. While an adjustable-rate mortgage (ARM) usually offers a lower introductory rate than a fixed-rate mortgage with a comparable term, the ARM's rate could jump in the future if interest rates rise. If you plan to stay in your home for a long time, it may make sense to opt for the predictability and security of a fixed rate, whereas an ARM might make sense if you plan to sell before its rate is allowed to go up. Also, keep in mind that interest rates have hovered near historical lows in recent years and are more likely to increase than decrease over time. Points -- Points (also known as "origination fees" or "discount fees") are fees that you pay to a lender or broker when you close the deal. While a "no cost" or "zero points" mortgage does not carry this up-front cost, it could prove to be more expensive if the lender charges a higher interest rate instead. So you'll need to determine whether the savings from a lower rate justify the added costs of paying points. (One point is equal to one percent of the loan's value.) How Much Would You Save? A homeowner with a 30-year, $200,000 mortgage charging 7.5% interest would pay $1,398 each month. The table below illustrates the potential monthly savings and the various break-even periods that would result from refinancing at different rates. Rate After Refinancing New Monthly Payment Monthly Savings Months to Break Even* 7.0% $1,331 $ % $1,264 $ % $1,199 $199 10
8 8 5.5% $1,136 $ % $1,074 $ % $1,013 $385 5 *Assumes $2,000 closing costs. Rounded up to the next month. Stick With What You Know? Finally, keep in mind that your current lender may make it easier and cheaper to refinance than another lender would. That's because your current lender is likely to have all of your important financial information on hand already, which reduces the time and resources necessary to process your application. But don't let that be your only consideration. To make a well-informed, confident decision you'll need to shop around, crunch the numbers and ask plenty of questions. This article was prepared by S&P Capital IQ Financial Communications and is not intended to provide specific investment advice or recommendations for any individual. Please consult me if you have any questions. LPL Financial Registered Representatives do not provide mortgage or lending services. Because of the possibility of human or mechanical error by S&P Capital IQ Financial Communications or its sources, neither S&P Capital IQ Financial Communications nor its sources guarantees the accuracy, adequacy, completeness, or availability of any information and is not responsible for any errors or omissions or for the results obtained from the use of such information. In no event shall S&P Capital IQ Financial Communications be liable for any indirect, special, or consequential damages in connection with subscribers' or others' use of the content. Tracking #:
9 The opinions voiced in this material are for general information only and are not intended to provide specific advice or recommendations for any individual. To determine which investment(s) may be appropriate for you, consult your financial advisor prior to investing. All performance referenced is historical and is no guarantee of future results. All indices are unmanaged and cannot be invested into directly. Robert Vettorel is a Registered Representative with and Securities are offered through LPL Financial, member FINRA/SIPC. Insurance products offered through LPL Financial or its licensed affiliates. Washington Financial Wealth Management Division is not a registered Broker/Dealer and is not affiliated with LPL Financial Not Bank/Credit Union Not FDIC/NCUA Insured Guaranteed Not Insured by any Federal Government Agency May Lose Value Not a Bank Deposit This newsletter was created using Newsletter OnDemand, powered by S&P Capital IQ Financial Communications.
RETIREMENT INSIGHTS. Is It Time to Rebalance Your Plan Investments? Mutual Fund Categories: A Primer for New Investors
RETIREMENT INSIGHTS July 2014 Your HFS Team Heffernan Financial Services 188 Spear Street, Suite 550 San Francisco, CA 94105 800-437-0045 rebeccat@heffgroup.com www.heffgroupfs.com CA Insurance Lic# 0I18899
More informationChoosing tax-efficient investments
Choosing tax-efficient investments Managing your portfolio to help control your tax bill Investors need to consider many factors in the process of choosing investments. One at the top of many investors
More informationUnderstanding the taxability of investments
Understanding the taxability of investments Managing your portfolio to help control your tax bill Investors need to consider many factors in the process of choosing investments. One at the top of many
More information5 Cash Management Tips for Small Businesses
YOUR FINANCIAL FUTURE March 2014 In This Issue Independent Investor March 2014 April 15 -- the deadline to fund an IRA -- is just around the corner. So act now to shore up your existing IRA strategy or
More informationMaking Retirement Assets Last a Lifetime PART 1
Making Retirement Assets Last a Lifetime PART 1 The importance of a solid exit strategy During the working years, accumulating assets for retirement is one of the primary goals of the investing population.
More informationBasics of IRAs ING FINANCIAL SOLUTIONS. Your future. Made easier. SM
Basics of IRAs t FDIC/NCUA Insured t A Deposit Of A Bank t Bank Guaranteed May Lose Value t Insured By Any Federal Government Agency ING FINANCIAL SOLUTIONS Your future. Made easier. SM Traditional IRA
More informationYOUR FINANCIAL FUTURE
YOUR FINANCIAL FUTURE September 2015 In This Issue Retirement Planning for Dual-Wage Earning Households Dual-wage earning couples have a lot to consider when assessing their various retirement portfolios.
More informationRisk Management and Retirement Planning
YOUR FINANCIAL FUTURE April 2015 In This Issue Diversification: A Big Word, With Bigger Investment Implications When investing, don't put all of your eggs in one basket. Diversify to manage risk and potentially
More informationINVESTMENT STRATEGIES. 10 Tax-Wise Strategies That May Reduce Your Taxes in the Future
INVESTMENT STRATEGIES 10 Tax-Wise Strategies That May Reduce Your Taxes in the Future 10 TAX-WISE STRATEGIES 1. Make tax-deferred investments Take full advantage of tax-deferred investment opportunities,
More informationYOUR FINANCIAL FUTURE
YOUR FINANCIAL FUTURE March 2013 In This Issue Strategies for Managing Volatility Asset allocation, diversification, and the use of dividend-paying stocks are potential strategies for reducing volatility.
More informationMoney At Work 1: Foundations of investing
It s not about how much money you earn. It s about how much you save and invest. November 12, 2015 A TIAA-CREF Financial Essentials Workshop Bill Thorne TIAA-CREF Money At Work 1: Foundations of investing
More informationYOUR FINANCIAL FUTURE
YOUR FINANCIAL FUTURE December 2014 In This Issue A Net Worth Statement Helps Keep Retirees on Track Your net worth is more than just your income. A net worth statement presents a composite picture "in
More informationInvesting Basics and Your Retirement
Christian Financial Credit Union Roberto Rizza, CRPC Financial Advisor CUSO Financial Services, LP 18441 Utica Road Roseville, MI 48066 586-445-3651 rrizza@cfcumail.org www.christianfinancialcu.org Investing
More informationVariable annuities. A tax-advantaged way to save for retirement
Variable annuities A tax-advantaged way to save for retirement Common terms Annuitant The person (may be the same as the contract owner) whose life expectancy is used to calculate the income payment amount
More informationT. Rowe Price Target Retirement 2030 Fund Advisor Class
T. Rowe Price Target Retirement 2030 Fund Advisor Class Supplement to Summary Prospectus Dated October 1, 2015 Effective February 1, 2016, the T. Rowe Price Mid-Cap Index Fund and the T. Rowe Price Small-Cap
More informationA Guide to Planning for Retirement INVESTMENT BASICS SERIES
A Guide to Planning for Retirement INVESTMENT BASICS SERIES It s Never Too Early to Start What You Need to Know About Saving for Retirement Most of us don t realize how much time we may spend in retirement.
More informationDecember 2014. Tax-Efficient Investing Through Asset Location. John Wyckoff, CPA/PFS, CFP
John Wyckoff, CPA/PFS, CFP Your investment priorities are likely to evolve over time, but one goal will remain constant: to maximize your investment returns. Not all returns are created equal, however.
More informationHow To Get A Lower Tax Bill
13 FINANCIAL PLANNING STRATEGIES FOR 2013 Timely, actionable ideas following the American Taxpayer Relief Act KEY TAKEAWAYS With the passing of the American Taxpayer Relief Act of 2012 in reaction to the
More informationTax-smart ways to save and invest. TIAA-CREF Financial Essentials
Tax-smart ways to save and invest TIAA-CREF Financial Essentials Today s agenda: 1. Finding funds for saving 2. Tax law provisions promoting saving 3. TIAA-CREF savings opportunities 4. TIAA-CREF can help
More informationFinancial Planning Basics Financial Planning Fundamentals
Financial Planning Basics Financial Planning Fundamentals An Overview of the Financial Planning Process The Ground to Cover Setting goals Budgeting Emergency fund Insurance Using credit Investing Tax planning
More informationImportant Information about your Annuity Investment
Robert W. Baird & Co. Incorporated Important Information about your Annuity Investment What is an Annuity Contract? An annuity is a contract between you and an insurance company, under which you make a
More informationBond Mutual Funds. a guide to. A bond mutual fund is an investment company. that pools money from shareholders and invests
a guide to Bond Mutual Funds A bond mutual fund is an investment company that pools money from shareholders and invests primarily in a diversified portfolio of bonds. Table of Contents What Is a Bond?...
More informationYOUR FINANCIAL FUTURE
YOUR FINANCIAL FUTURE October 2014 In This Issue Take Steps to Keep Your Retirement Income Stream Flowing After years of accumulating assets, the time will come for you to begin drawing on those assets
More informationYou ve worked hard for your savings. Now keep your savings working hard for you.
You ve worked hard for your savings. Now keep your savings working hard for you. Retire with confidence A guide to your distribution options. You are now faced with an important financial decision When
More informationThe easy way to save for your retirement
The easy way to save for your retirement If you want to live comfortably during your retirement, you really can t afford to wait to begin saving for that goal. And now that your employer is offering the
More informationGuide to mutual fund investing. Start with the basics
Guide to mutual fund investing Start with the basics Pursue your financial goals Why do you invest? For a rainy day? A secure retirement? Funding a college tuition? Having a specific goal in mind will
More informationSaving and Investing Wisely
Quest Capital Management, Inc. 8235 Douglas Avenue Suite 500 Dallas, TX 75225 214-691-6090 info@questadvisor.com www.questadvisor.com Investing Basics Saving and Investing Wisely Saving builds a foundation
More informationAnnuities. Introduction 2. What is an Annuity?... 2. How do they work?... 3. Types of Annuities... 4. Fixed vs. Variable annuities...
An Insider s Guide to Annuities Whatever your picture of retirement, the best way to get there and enjoy it once you ve arrived is with a focused, thoughtful plan. Introduction 2 What is an Annuity?...
More informationA Guide to. Planning for Retirement INVESTMENT BASICS SERIES
A Guide to Planning for Retirement INVESTMENT BASICS SERIES It s Never Too Early to Start What You Need to Know About Saving for Retirement Most of us don t realize how much time we may spend in retirement.
More informationJPMorgan INVEST. You work hard for your money. Now keep it working for you with a JPMorgan Invest IRA. IRA Decision Guide
IRA Decision Guide JPMorgan INVEST You work hard for your money. Now keep it working for you with a JPMorgan Invest IRA. JPMorgan Invest One Beacon Street, Boston, MA 0208 (800) 776-606 jpmorganinvest.com
More informationInvesting Basics. Bank of the Bluegrass Wealth Management 215 Southland Drive Lexington, KY 40383 859-233-4500
Bank of the Bluegrass Wealth Management 215 Southland Drive Lexington, KY 40383 859-233-4500 Investing Basics 2013 Page 1 of 9, see disclaimer on final page Saving and Investing Wisely The impact of 3%
More informationUnit Investment Trusts
a guide to Unit Investment Trusts A unit investment trust (UIT) is a registered investment company that buys and holds a generally fixed portfolio of stocks, bonds, or other securities. Table of Contents
More informationRetirement Balanced Fund
SUMMARY PROSPECTUS TRRIX October 1, 2015 T. Rowe Price Retirement Balanced Fund A fund designed for retired investors seeking capital growth and income through investments in a combination of T. Rowe Price
More informationSEP-IRA PLAN. Employee Guidebook. Welcome Building retirement savings Convenient way to invest Get started Open your account.
SEP-IRA PLAN Contents Employee Guidebook WELCOME. We know your retirement savings will be one of your most valuable assets, so we are committed to managing risk and taking a long-term approach to investing.
More informationBasic Investment Terms
Because money doesn t come with instructions.sm Robert C. Eddy, CFP Margaret F. Eddy, CFP Matthew B. Showley, CFP Basic Investment Terms ANNUITY A financial product sold by financial institutions pay out
More informationTAKE THE W HEE L. Retirement Savings Plan
TAKE THE W HEE L Retirement Savings Plan PG 1 The road to retirement is calling your name Retirement. For many people, it s a dream destination. But getting there can be a challenge. Financial experts
More informationTARGET DATE FUNDS? proof
WHAT ARE TARGET DATE FUNDS? 2 YOUR RETIREMENT PLAN INCLUDES TARGET DATE FUNDS. They re the ones with 2020 or 2030 in their names. And they re an increasingly popular investment option. Indeed, target date
More informationCatalyst Insider Buying Fund CLASS A: INSAX CLASS C: INSCX CLASS I: INSIX SUMMARY PROSPECTUS NOVEMBER 1, 2014
Catalyst Insider Buying Fund CLASS A: INSAX CLASS C: INSCX CLASS I: INSIX SUMMARY PROSPECTUS NOVEMBER 1, 2014 Before you invest, you may want to review the Fund s complete prospectus, which contains more
More informationGuide to buying annuities
Guide to buying annuities Summary of the key points contained in this disclosure document Before you purchase your annuity contract, make sure that you read and understand this guide. While reading this
More informationMutual Fund Basics. Types of mutual funds. What are the benefits of investing in a mutual fund?
EBNY Financial, LLC Kevin Kautzmann, CFP Certified Financial Planner 80 Fifth Avenue #1403 New York, NY 212-269-2625 kevin@ebnyfinancial.com www.ebnyfinancial.com Mutual Fund Basics Page 1 of 5, see disclaimer
More informationREIT QUICK FACTS GUIDE
REIT QUICK FACTS GUIDE FOR FINANCIAL ADVISORS Guidelines for Strategic Portfolio Diversification FINRA-Reviewed Fact Sheets on Stock Exchange-Listed Equity REITs Additional References for Advisors THERE
More informationWelcome! Thanks for investing your time today.
Welcome! Thanks for investing your time today. Please sign in Fill out your name tag Address your mail card It s not about how much money you earn. It s about how much you save and invest. October 2015
More informationNew Horizons Fund PRNHX. T. Rowe Price SUMMARY PROSPECTUS
SUMMARY PROSPECTUS PRNHX May 1, 2015 T. Rowe Price New Horizons Fund An aggressive stock fund seeking long-term capital growth primarily through investments in small, rapidly growing companies. Before
More informationTAXES AND YOUR PORTFOLIO: It s not what you earn, it s what you keep
TAXES AND YOUR PORTFOLIO: It s not what you earn, it s what you keep YOUR HOST John Sweeney Executive Vice President, Retirement & Investing Strategies, Fidelity Investments 2 JOIN THE CONVERSATION: @SweeneyFidelity
More informationUnderstanding Annuities
Annuities, 06 5/4/05 12:43 PM Page 1 Important Information about Variable Annuities Variable annuities are offered by prospectus, which you can obtain from your financial professional or the insurance
More informationDO MORE FOR YOUR DAY ONE OF RETIREMENT AND BEYOND SUCCEED. The Prudential SmartSolution IRA
SUCCEED SUNRISE PHOTOS TAKEN BY REAL PEOPLE OF THEIR ACTUAL DAY ONES OF RETIREMENT. WHAT WILL YOURS LOOK LIKE? The Prudential SmartSolution IRA DO MORE FOR YOUR DAY ONE OF RETIREMENT AND BEYOND An easy
More information1. An IRA with a bank with the funds deposited in a variable-rate account.
Unit 11 Cases. Case 1. Goals and Portfolio Selection (P.891) Vanessa Avoletta is a very successful self-employed freelance writer of romantic novels. She has a reputation for writing rapidly and is able
More informationLIQUIDATING RETIREMENT ASSETS
LIQUIDATING RETIREMENT ASSETS IN A TAX-EFFICIENT MANNER By William A. Raabe and Richard B. Toolson When you enter retirement, you retire from work, not from decision-making. Among the more important decisions
More informationIs your retirement plan taking you where you want to go?
RiverSource Retirement Group Annuity Is your retirement plan taking you where you want to go? The benefits of a 403(b) retirement plan 140765 C (4/13) The benefits of a 403(b) plan. To live the retirement
More informationFederal Tax and Capital Gains: Rates Over Time
Preparing for a World of Higher Taxes Are You Ready? Presented by: Matt Sommer, CFP, CPWA, AIF Director and Senior Retirement Specialist, Retirement Strategy Group C-0610-114 4-30-11 Federal Tax and Capital
More informationWill You Be Ready for Retirement? Get prepared with your employer s retirement plan
Will You Be Ready for Retirement? Get prepared with your employer s retirement plan WWW.AMERICANCENTURY.COM/WORKPLACE Will You Be Ready for Retirement? I ll start in a couple of years. I have plenty of
More informationYOUR FINANCIAL FUTURE
YOUR FINANCIAL FUTURE October 2011 In This Issue Three Steps to Help Save for Short-Term Goals Pursuing short-term financial goals can require a different strategy than pursuing long-term goals. Here are
More informationVariable Annuities Because Retirement Requires a New Way of Thinking
Pacific Life Variable Annuities Because Retirement Requires a New Way of Thinking 13141-12A 5/12 5/15 13141-15A As You Plan for Retirement, Think Differently Whether you re approaching retirement or already
More informationINVEST EASILY FOR YOUR DAY ONE OF RETIREMENT AND BEYOND SUCCEED. Prudential SmartSolution IRA Investment Guide
SUCCEED SUNRISE PHOTOS TAKEN BY REAL PEOPLE OF THEIR ACTUAL DAY ONES OF RETIREMENT. WHAT WILL YOURS LOOK LIKE? INVEST EASILY FOR YOUR DAY ONE OF RETIREMENT AND BEYOND Prudential SmartSolution IRA Investment
More informationRetirement and Estate Planning
6P A R T Retirement and Estate Planning Should you invest in a retirement plan? Chapter 19 Retirement Planning Chapter 20 Estate Planning How much should you contribute to your retirement plan? How should
More informationMutual Fund Basics TYPES OF MUTUAL FUNDS WHAT ARE THE BENEFITS OF INVESTING IN A MUTUAL FUND?
Mutual Fund Basics A mutual fund pools the money of many investors to purchase securities. The fund s manager buys securities to pursue a stated investment strategy. By investing in the fund, you ll own
More informationGreat-West Lifetime. Not a Deposit Not FDIC Insured Not Guaranteed by Any Bank Not Insured by Any Federal Government Agency Funds May Lose Value
Great-West Lifetime Advantage IRA Solution Not a Deposit Not FDIC Insured Not Guaranteed by Any Bank Not Insured by Any Federal Government Agency Funds May Lose Value Great-West Lifetime Advantage IRA
More informationBUYING A VARIABLE ANNUITY CONTRACT THROUGH CETERA FINANCIAL SPECIALISTS LLC
Cetera Financial Specialists LLC 200 N. Martingale Road Schaumburg, IL 60173-2096 BUYING A VARIABLE ANNUITY CONTRACT THROUGH CETERA FINANCIAL SPECIALISTS LLC General Considerations Before you buy any insurance
More informationRaymond James Financial Services September 06, 2011
Raymond James Financial Services Bob Alft Wealth Advisor 220 E. Nine Mile Road Pensacola, FL 32534 850-479-7190 bob.alft@raymondjames.com www.raymondjames.com/bobalft Understanding IRAs Understanding IRAs
More informationInvesting in Bonds - An Introduction
Investing in Bonds - An Introduction By: Scott A. Bishop, CPA, CFP, and Director of Financial Planning What are bonds? Bonds, sometimes called debt instruments or fixed-income securities, are essentially
More informationBalanced Fund RPBAX. T. Rowe Price SUMMARY PROSPECTUS
SUMMARY PROSPECTUS RPBAX May 1, 2016 T. Rowe Price Balanced Fund A fund seeking capital growth and current income through a portfolio of approximately 65% stocks and 35% fixed income securities. Before
More informationLeaving your employer? Options for your retirement plan
Leaving your employer? Options for your retirement plan Contents Evaluating your options 1 The benefits of tax-deferred investing 4 Flexibility offered by an IRA rollover 6 How to get started 9 Evaluating
More informationStocks and Taxes Ordinary Income Versus Capital Gains Jobs & Growth Tax Relief Reconciliation Act of 2003
Stocks and Taxes Unlike death, taxation can at least be minimized. In this article, we will examine the basic framework of individual taxation in the United States as it relates to stock investing and
More informationA guide to margin borrowing
A guide to margin borrowing Before you borrow on margin, it is important to review your financial situation, investment objectives, risk tolerance, time horizon, diversification needs, and liquidity objectives
More informationUnderstanding RSPs. Your Guide to Retirement Savings Plans
Understanding RSPs Your Guide to Retirement Savings Plans Getting Started Some retirement basics Getting Ahead Setting your retirement savings goals Getting the Most Maximizing your RSP growth Getting
More informationThe essentials of investing for retirement.
The essentials of investing for retirement. Fidelity has been helping people invest for retirement for more than 65 years. Some investors use our actively managed and index mutual funds. Some use our powerful
More informationChaper 3 -- Analyzing Suitability
Chaper 3 -- Analyzing Suitability Multiple Choice Identify the choice that best completes the statement or answers the question. When you have answered all of the questions, click the Check Your Work button
More informationBrown Advisory Strategic Bond Fund Class/Ticker: Institutional Shares / (Not Available for Sale)
Summary Prospectus October 30, 2015 Brown Advisory Strategic Bond Fund Class/Ticker: Institutional Shares / (Not Available for Sale) Before you invest, you may want to review the Fund s Prospectus, which
More informationTHE POWER OF AN IRA.
THE POWER OF AN IRA. Put the Power of an IRA to Work For You Whether retirement seems like a lifetime away or is just around the corner, getting started on your retirement savings plan is one of the smartest
More informationRetirement: Get Ready...1 Why planning makes sense...1 Where are you?...2 Getting Started: 20 s and early 30 s...3
Retirement: Get Ready...1 Why planning makes sense...1 Where are you?...2 Getting Started: 20 s and early 30 s...3 On Your Way: Mid-30 s to early 40 s...4 Crunch Time: Mid-40 s to early 50 s...5 Just Around
More informationOHIO TREASURER S FINANCIAL EDUCATION GLOSSARY OF TERMS
OHIO TREASURER S FINANCIAL EDUCATION GLOSSARY OF TERMS 401(k) An employer qualified retirement plan set up by a private company in which eligible employees may make salary-deferral (salary-reduction) contributions
More informationBasic Investment Education
Disclaimer: The information provided below is for information purposes only - it is not investment advice. If you have any questions about your own personal financial situation, you should consult with
More informationNuveen Tactical Market Opportunities Fund
Nuveen Tactical Market Opportunities Fund Summary Prospectus January 29, 2016 Ticker: Class A NTMAX, Class C NTMCX, Class I FGTYX This summary prospectus is designed to provide investors with key Fund
More informationCOMMON INVESTMENT TERMS EXPLAINED ALL ABOUT REAL ESTATE, MUTUAL FUNDS, RETIREMENT PLANNING, STOCKS, AND BONDS
COMMON INVESTMENT TERMS EXPLAINED ALL ABOUT REAL ESTATE, MUTUAL FUNDS, RETIREMENT PLANNING, STOCKS, AND BONDS 1 TABLE OF CONTENTS Mutual Fund Terms... 3 Retirement and Education Terms... 7 Stock Market
More informationSaving for Retirement. Your guide to getting on track.
Saving for Retirement Your guide to getting on track. 2 It s great that you re looking ahead and thinking about retirement now. A sound plan can make all the difference in reaching your future goals. This
More informationINVESTMENT AND PLANNING SOLUTIONS. Redefine your means in retirement. Member FINRA/SIPC
INVESTMENT AND PLANNING SOLUTIONS Redefine your means in retirement Member FINRA/SIPC INVESTMENT AND PLANNING SOLUTIONS More guaranteed income to count on when you need it to count. It s taking that second
More informationMARCH/APRIL 2015 MAKING THE MOST OF DIVIDEND INCOME WHICH TYPE OF MORTGAGE LOAN MEETS YOUR NEEDS?
PLANNING FOR PROSPERITY MARCH/APRIL 2015 MAKING THE MOST OF DIVIDEND INCOME REVIEW IN CASE OF DIVORCE When it s critical to revise your estate plan WHICH TYPE OF MORTGAGE LOAN MEETS YOUR NEEDS? FOREIGN
More informationStrength of Many. Convenience of One. Voya Select Advantage IRA. Mutual Fund Custodial Account
Strength of Many. Convenience of One. Voya Select Advantage IRA Mutual Fund Custodial Account Life brings change. C hange often comes from life events such as switching jobs or retiring. What impact will
More informationVertex Wealth Management LLC 10/22/2013
Vertex Wealth Management LLC Michael J. Aluotto, CRPC President Private Wealth Manager 1325 Franklin Ave., Ste. 335 Garden City, NY 11530 516-294-8200 mjaluotto@1stallied.com Retirement Basics 10/22/2013
More informationSynthesis of Financial Planning
P 7A R T Synthesis of Financial Planning 1. Tools for Financial Planning Budgeting (Chapter 2) Planned Savings (Chapter 3) Tax Planning (Chapter 4) 2. Managing Your Liquidity Bank Services (Chapter 5)
More informationLearn how to manage your retirement. Investor education
Learn how to manage your retirement Investor education Planning now can make a difference tomorrow Whether retirement is on the horizon or you re already retired, now is the time to work closely with
More informationInvestment Policy Questionnaire
Investment Policy Questionnaire Name: Date: Ferguson Investment Services, PLLC Investment Policy Questionnaire Introduction: The information you provide on this questionnaire will remain confidential.
More informationGuide to buying annuities
Guide to buying annuities Summary of the key points contained in this disclosure document Before you purchase your annuity contract, make sure that you read and understand this guide. While reading this
More informationLifetime Retirement Planning with Wells Fargo Advisors Income guarantees for your retirement savings
Lifetime Retirement Planning with Wells Fargo Advisors Income guarantees for your retirement savings Get there. Your way. Lifetime Retirement Planning with Wells Fargo Advisors 1 Guaranteed income for
More informationWealth Strategies. www.rfawealth.com. Saving For Retirement: Tax Deductible vs Roth Contributions. www.rfawealth.com
www.rfawealth.com Wealth Strategies Saving For Retirement: Tax Deductible vs Roth Contributions Part 2 of 12 Your Guide to Saving for Retirement WEALTH STRATEGIES Page 1 Saving For Retirement: Tax Deductible
More informationRetirement Account Rollovers
A guide to: Retirement Account Rollovers Making wise decisions for your future Insight + Process = Results SM Retiring? Changing jobs? In transition? If any of these situations apply to you and you participate
More informationUnderstanding Annuities
Understanding Annuities Annuities issued by Pruco Life Insurance Company (in New York, issued by Pruco Life Insurance Company of New Jersey) and The Prudential Insurance Company of America. 0160994-00006-00
More informationWHICH TYPE OF IRA MAKES THE MOST SENSE FOR YOU?
WHICH TYPE OF IRA MAKES THE MOST SENSE FOR YOU? In 1974, when IRAs were first created, they were rather simple and straightforward. Now, 35 years later, it s challenging to know the best way to save more
More informationBUYER S GUIDE TO FIXED DEFERRED ANNUITIES WITH APPENDIX FOR EQUITY-INDEXED ANNUITIES
BUYER S GUIDE TO FIXED DEFERRED ANNUITIES WITH APPENDIX FOR EQUITY-INDEXED ANNUITIES Prepared by the NAIC National Association of Insurance Commissioners The National Association of Insurance Commissioners
More informationWhy is Life Insurance a Popular Funding Vehicle for Nonqualified Retirement Plans?
Why is Life Insurance a Popular Funding Vehicle for Nonqualified Retirement Plans? By Peter N. Katz, JD, CLU ChFC This article is a sophisticated analysis about the funding of nonqualified retirement plans.
More informationWealth and Taxes: Planning for 2015
november 2014 Wealth and Taxes: Planning for 2015 2014 YEAR-END TAX PLANNING GUIDE Table of Contents Over the past few years, the traditional year-end tax planning season has been fraught with uncertainties
More informationStart investing in yourself today, with help from the University System of Maryland Supplemental 403(b) Plan and Fidelity.
University System of Maryland Supplemental 403(b) Plan (#65612) Start investing in yourself today, with help from the University System of Maryland Supplemental 403(b) Plan and Fidelity. Invest some of
More informationCHOOSING YOUR INVESTMENTS
CHOOSING YOUR INVESTMENTS FOR ASSISTANCE CONTACT US TODAY FOR MORE INFORMATION, ADVICE OR HELP OPENING AN ACCOUNT, IT S EASY TO REACH US: BY PHONE Call us at 800 TIAA-CREF (800 842-2273) to speak with
More informationRollover IRAs. Maximize the potential of your retirement savings
Rollover IRAs Maximize the potential of your retirement savings Consolidate Your Retirement Savings With a Rollover IRA If you have changed jobs, left the workforce or plan to retire, you likely have
More informationRetirement Planning EMPLOYER PLANS CALCULATING YOUR NEEDS INVESTMENTS DECISIONS
GOALS What You Should Know About... Retirement Planning EMPLOYER PLANS CALCULATING YOUR NEEDS INVESTMENTS DECISIONS YourMoneyCounts No matter who you are or how much money you have, you re probably hoping
More informationSix Keys to More Successful Investing
EBNY Financial, LLC Kevin Kautzmann, CFP Certified Financial Planner 80 Fifth Avenue #1403 New York, NY 212-269-2625 kevin@ebnyfinancial.com www.ebnyfinancial.com Six Keys to More Successful Investing
More informationPLAN FOR YOUR FUTURE. 71% say retirement WHY ENROLL? GET STARTED TODAY ONE TWO THREE
Regions Financial Corporation 401(k) Plan PLAN FOR YOUR FUTURE You may spend 20 years or more in retirement that s a long time to go without a paycheck! Of course, there will still be bills to pay, so
More informationRETIREMENT PLANNING GUIDE. Getting you on the right track
RETIREMENT PLANNING GUIDE Getting you on the right track Table of Contents Why is a retirement plan important? 2 How much will you need? 4 How can your retirement plan help? 6 Where should you invest?
More information