Prepare to ride the financial wave the rest of your life
This presentation is the property of its rightful owner.
Sponsored Links
1 / 15

Prepare to ride the financial wave the rest of your life PowerPoint PPT Presentation


  • 43 Views
  • Uploaded on
  • Presentation posted in: General

Prepare to ride the financial wave the rest of your life . Presented by Floretta E.Reed. How do you get started? Determine the amount needed (short & long term goal) Deduct a certain amount from your payroll or checking account monthly to your savings or money market account.

Download Presentation

Prepare to ride the financial wave the rest of your life

An Image/Link below is provided (as is) to download presentation

Download Policy: Content on the Website is provided to you AS IS for your information and personal use and may not be sold / licensed / shared on other websites without getting consent from its author.While downloading, if for some reason you are not able to download a presentation, the publisher may have deleted the file from their server.


- - - - - - - - - - - - - - - - - - - - - - - - - - E N D - - - - - - - - - - - - - - - - - - - - - - - - - -

Presentation Transcript


Prepare to ride the financial wave the rest of your life

Prepare to ride the financial wave the rest of your life

Presented by

FlorettaE.Reed

265H NATIONAL A-PLUS CONVENTION

APRIL 2013


Prepare to ride the financial wave the rest of your life

  • How do you get started?

  • Determine the amount needed (short & long term goal)

  • Deduct a certain amount from your payroll or checking account monthly to your savings or money market account.

  • When you receive raise, save it.

  • When you receive money, save it.

23rd NATIONAL APLUS CONVENTION


Prepare to ride the financial wave the rest of your life

  • Develop a Budget

  • Write down all of your expenses for the month, then write down all the money you spend in the month ( you’ll be surprise at how much money you spend unnecessarily).

  • Develop a budget based on your needs, not your wants.

  • Pay your self first

  • Stick to the budget

23rd NATIONAL APLUS CONVENTION


Prepare to ride the financial wave the rest of your life

What is your greatest fear regarding your finances?

▪ Running Out of Money

▪ Inability to Maintain Standard of Living

▪ Health Care

The unexpected


Prepare to ride the financial wave the rest of your life

  • Set Goals

  • Maximize Earnings

  • Eliminate Credit Card Debt

    • Begin with highest interest rate

    • Go to next highest until all are paid off

    • Put that money into your savings

  • 529 Plan for Children & Grandchildren’s College

  • Taxes

  • Maximize your Thrift Savings (Do not touch until retirement

  • Penalties


Savings and investment plan

  • When your reach your savings goals

  • Invest Variable Annuities/Mutual funds

  • Learn about the financial system

  • Invest in the stock market.

Savings and Investment Plan


Prepare to ride the financial wave the rest of your life

Surrender Value$94,034.04

Death Benefit$100,706.29

Total Activity$72,332.25

Percentage Increase Over 2 Yrs. = 43.1%

Average Annual Return for 2 Yrs = 21.6%

Estimated Protected Withdrawal Value$103,578.66


Prepare to ride the financial wave the rest of your life

Life Insurance Plans

  • Term Insurance Plans

  • Universal Life Plans

  • Whole Life Plans

23rd NATIONAL APLUS CONVENTION


Fegli alternative comparison 250 000 coverage

FEGLI & Alternative Comparison$250,000 Coverage


Post retirement savings

Post-Retirement Savings

Basic Coverage - assuming a basic salary of $50,000.00 at age 55


Prepare to ride the financial wave the rest of your life

  • Learn more about FERS and CSRS

    • Educate yourself

    • Get summary of plans and benefits

  • Review your Social Security Statements

    • Visit www.ssa.gov

  • Married couples need to know about each other’s retirement plan

    • Get understanding of waivers and consent forms for spousal disperses and incomes


Prepare to ride the financial wave the rest of your life

  • Consider health coverage prior to retirement

  • Stay informed about changes to health coverage and benefits

  • Be honest with yourself and spouse/partner


Prepare to ride the financial wave the rest of your life

  • Consider future home site and cost of living

  • Capital gains are excluded

  • Save annual leave

  • Consider retirement date- 3rd of month

  • Mentally adjust to receiving one payday a month


Prepare to ride the financial wave the rest of your life

  • Start adjusting to retirement

    • Develop hobbies

    • Take long trips

    • Volunteer

    • Home projects

    • Get involved with local government

    • Attend town hall meetings

    • Spend time with family and APLUS


  • Login