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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.

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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


  • 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


  • 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


What is your greatest fear regarding your finances?

▪ Running Out of Money

▪ Inability to Maintain Standard of Living

▪ Health Care

The unexpected


  • 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

Savings and Investment Plan


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


Life Insurance Plans

  • Term Insurance Plans

  • Universal Life Plans

  • Whole Life Plans

23rd NATIONAL APLUS CONVENTION



Post retirement savings
Post-Retirement Savings

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


  • 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




  • 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


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