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T HE F ACTS OF L IFE. Tracking 100 Americans from age 25 to 65 … 36 will be dead … 54 will be DEAD BROKE … 5 will still be working … 4 will be financially secure and 1 will be Financially Independent Where does your money go?.

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Presentation Transcript
slide2

THE FACTS OF LIFE

Tracking 100 Americans from age 25 to 65 …

36 will be dead…54will be DEAD BROKE…

5 will still be working…4will be financially secure and

1 will be Financially Independent

Where does your money go?

What did the 5 financially successful Americans do differently?

slide3

401(k) / 403(b)INTHENEWS

it's painfully obvious that something is wrong with the way we save. The tax-deferred 401(k) plan, and others like it, such as the 403(b) and the IRA,has become our nation's go-to retirement piggy bank.

Time Magazine - Oct 2009

slide5

401(k) / 403(b)INTHENEWS

If you were doing the wrong thing to prepare for your retirement,

when would you like to know about it? Now, or when you retire?

slide6

401(k) / 403(b)INTHENEWS

Why Now?

Time Magazine - Oct 2009

It isn’t working for the first retirees!

slide7

TAXABLE INCOME

CalSTRS and CalPERS are TAXABLE INCOME

Source: Internal

Revenue Service

slide8

TAX PLANNING STRATEGIES

Tax

Deductible

Contribution

Tax

Deferred

Accumulation

Tax

Free

Distribution

You can only take two of the three!

Which would you choose?

slide9

QUALIFIED PLANS

TAX HISTORY

Source: Internal

Revenue Service

slide10

TAXABLE INCOME

Bush tax cuts expire in 2011 !

Source: Internal

Revenue Service/ CNN Money

slide11

Insurance

Taxes

Savings/ Investments

Living Expenses

Mortgage

Consumer Debt

THE FACTS OF LIFE

Where does your money go?

slide12

HOW MONEY WORKS

INFLATION

In 1976

A First Class Stamp

.13 cents1

In 1976

A Gallon of Gasoline

.59 cents2

In 2009

A First Class Stamp

.44 cents1

In 2009

A Gallon of Gasoline

$2.95

4% Inflation will double prices every 18 years.

1 US Postal Service

2 Flashback 1970’s

slide13

HOW MONEY WORKS

Upside

Potential

Upside

Potential

3% to 5%

3% to 5%

Fixed Products

Fixed Products

Variable

Products

Variable

Products

Indexed

Products

Safety of

Principal

Safety of

Principal

Risk of

Principal

Risk of

Principal

EARNINGSAND GROWTH

Protection and Potential TIC-TAC-TOE

slide14

HOW MONEY WORKS

$170,000

$166,359

$160,000

$155,476

$150,073

$152,488

$150,000

$149,937

$140,255

$140,000

$139,237

$134,631

$131,080

$133,977

$130,000

$126,925

$129,330

$120,000

$117,435

$122,504

$122,504

$114,490

$115,449

$110,000

$107,000

$103,775

$100,000

$95,529

$90,000

Large Company Stocks

Indexed Account

EARNINGSAND GROWTH

Many people sacrifice return for safety, and other people sacrifice safety for return. Indexing brings together the best of both.

$100,000 Invested in 1997

$166,359

$105,012

8/1997

8/1998

8/1999

8/2000

8/2001

8/2002

8/2003

8/2004

8/2005

8/2006

8/2007

8/2008

8/2009

Protection and Potential

slide15

IUL (AKALIFE SAVINGS PLAN)

  • The Solution: A new type of insurance. Retirement savings, it turns out, are exactly the type of asset we need insurance for. We need insurance to protect against risks we can't predict (when the market collapses) and can't afford to recover from on our own (Time Magazine Oct 2009)
slide20

DEFERRED STRATEGY

$150,725 After Taxes

slide23

TAX-FREE STRATEGY

2% Chronic Illness Income = $7,074 per Month

slide24

TAX-FREE STRATEGY

Cash Value at Year 15 = $96,334

slide25

TAX-FREE STRATEGY

TAX-FREE Income

For Life

(or until age 120)

$37,497

slide30

DEFERRED STRATEGY

$233,119 After Taxes

slide33

TAX-FREE STRATEGY

2% Chronic Illness Income = $7,874 per Month

slide34

TAX-FREE STRATEGY

Cash Value at Year 15 = $70,565

slide35

TAX-FREE STRATEGY

TAX-FREE Income

For Life

(or until age 120)

$95,470

slide38

TAX-FREE STRATEGY

2% Chronic Illness Income = $5,886 per Month

slide39

TAX-FREE STRATEGY

Cash Value at Year 15 = $80,767

slide40

TAX-FREE STRATEGY

$16,570

TAX-FREE Income

For Life

(or until age 120)

$257,509

slide43

TAX-FREE STRATEGY

2% Chronic Illness Income = $5,451 per Month

slide44

TAX-FREE STRATEGY

Cash Value at Year 15 = $81,464

slide45

TAX-FREE STRATEGY

$16,214

TAX-FREE Income

For Life

(or until age 120)

$374,335

slide48

TAX-FREE STRATEGY

2% Chronic Illness Income = $6,856 per Month

slide49

TAX-FREE STRATEGY

Cash Value at Year 15 = $81,867

slide50

TAX-FREE STRATEGY

$15,968

TAX-FREE Income

For Life

(or until age 120)

$613,288

slide53

TAX-FREE STRATEGY

2% Chronic Illness Income = $10,240 per Month

slide54

TAX-FREE STRATEGY

Cash Value at Year 15 = $77,002

slide55

TAX-FREE STRATEGY

$18,092

TAX-FREE Income

For Life

(or until age 120)

$853,826

slide56

FIXED ANNUITY

Like a bank CD it is currently paying 3% to 5%

  • FIXED ANNUITY

Like a bank CD it is currently paying 3% to 5%

  • VARIABLE ANNUITY
  • Like a mutual fund there are fees, commissions and risk of loss associated.
  • VARIABLE ANNUITY
  • Like a mutual fund there are fees, commissions and risk of loss associated.

WHICH 403(b)/TSA IS RIGHT FOR YOU?

  • INDEXED ANNUITY
  • Earns interest based on the performance of the market with safety of principal with upside potential.
slide61

NEXT

THE

STEP