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Smart Money Concepts. Senior Financial Services. Smart Money Concepts. Michael Gibson. For the Courtesy of all Guests, Please Silence Cell Phones. Looking Down the Road. Distribution. Asset Allocation. Estate Taxes. Special Needs. Taxes. Probate. Income Replacement. Nursing Home.

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slide1

Smart Money Concepts

Senior Financial Services

slide4

Looking Down the Road

Distribution

Asset Allocation

Estate Taxes

Special Needs

Taxes

Probate

Income Replacement

Nursing Home

Outliving Your Income

slide6

Our Commitment to You

  • To Provide Sound Information
  • Help you Identify Goals and Challenges
  • Recommend Beneficial Solutions
slide7

What Makes us Different?

All Top Professionals On Staff

  • Insurance Representatives
  • Registered Investment Advisors
  • Independent Attorney Network
  • Independent CPA Network
  • Certified Senior Advisors

Our Focus:

  • Reducing Taxes
  • Increasing Spendable Income
  • Keeping Your Money Safe and Secure
  • Protecting Your Financial Legacy

Independent Advisors

slide10

Seminar Evaluation Sheet

Senior Financial Services

Investment and Retirement Planning Strategies

Please Print

Date ___/___/___

Name ____________________________________________________

Address __________________________________________________

City / State / Zip ___________________________________________ Phone: ( ) ______________

3 30 10

John and Joyce Jones

2 Livin The Dream Blvd.

Anywhere, USA 555 555 1212

I would like more information on the following:

 Reducing Taxes  Avoiding Probate

 Roth IRA Conversion  Life Insurance

  • Tax Deferral  Wealth Transfer

 Long Term Care Alternatives  Estate Planning

  • IRA Rollover  Charitable Trusts
  • Fixed/Indexed Annuity  Other___________

 YesI want to have my no-cost—tax-saver one-hour visit!

Which Day is best for you? (Circle one or more)

Monday Tuesday Wednesday Thursday Friday

Which Time is best? (Circle one or more)

Morning Afternoon Evening

slide11

Today’s Topics:

The Life Cycle of Money

  • Avoiding Unnecessary Taxes
  • Keeping up With Inflation
  • Passing it on (When I’m Gone)
  • Keeping More of What You Have
  • Tax-Advantaged Growth
  • Avoiding Loss
  • Accumulation

What Affects the Growth of Your Money

2. Preservation

3. Distribution

slide12

The Life Cycle of Money

Preservation

Retirement

Distribution

Accumulation

Working

Planning

0 20 40 60 80 100

slide14

What Affects the Growth of Your Money

Inflation

Taxes

Market Uncertainty

slide15

What Affects the Growth of Your Money

Inflation

Current Rate :

4.94%

Source: US Department of Labor 2010

slide17

At 4% Inflation…

To Maintain Current Lifestyle…

…A 62 Year Old Retiring Today Will Need to Earn

48% more income by age 72

100% more income by age 80

slide18

Service Charge Tax

County Tax

Federal Tax

Sales Tax

Medicare Tax

Telephone Usage Tax

State Tax

Estate Tax

Property Tax

Real Estate Tax

Personal Property Tax

Inheritance Tax

Probate

Excise Tax

Gasoline Tax

Utility Tax

Social Security Tax

Capital Gains Tax

Luxury Tax

slide19

How Taxes and Inflation Affect Growth

Investment $50,000

Interest @ 1.26% $630

Taxes @ 25% ($158)

Net Return $50,473

Inflation @ 4.94% (2,493)

Actual Return: $47,980

slide20

Key to Reducing Taxes:

Reduce Reportable, Taxable Income

slide21

Where do I Start?

What is my Income Tax Bracket?

Am I Paying Taxes on Money I’m not Using?

Am I Paying Tax on my Social Security Unnecessarily?

slide22

8th Wonder of the World

Tax-Deferral

Interest on Your Principal

Interest on Your Interest

Interest on the Money You Would Have Paid in Taxes

slide23

The Power of Tax-Deferral

$179,084

+7,217

After Taxes

+18,593

After Taxes

+10,024

+25,823

$153,263

$133,823

$123,799

Tax-

Deferred

Taxable

5 year growth of $100,000 @ 6%

28% Tax Bracket

10 year growth of $100,000 @ 6%

28% Tax Bracket

tax deferred accounts
Tax Deferred Accounts

Retirement Accounts: IRA’s, 401k’s, 403b’s

Life Insurance Policies

Annuities

slide25

How is Social Security Income Taxed?

The Amount of Income Taxes Paid on Social Security Depends Upon Your Total Income.

slide26

Taxable Income

½ Social Security

Pension(s)

US Treasuries

Certificate of Deposits

Money Market Accounts

Passbook Savings

Dividends: Mutual Funds

Annuity Withdrawals

Corporate Bonds

401K Income

403B Income

+ IRA Income

__________________________

= Total Combined Income

slide27

Total Combined

Income

Taxable Percentage of Social Security

Single

$25,000 to $34,000

50%

Over $34,000

85%

Married

$32,000 to $44,000

50%

Over $44,000

85%

slide28

Eliminating Taxes on Social Security

Adjusted Gross Income for Single Person

½ Social Security $ 5,700

Pension $18,200

Dividend Interest $ 9,500

CD Interest $ 7,500

IRA Income $ 1,000

Adjusted Gross

Income = $41,900

½ Social Security $ 5,700

Pension $18,200

Tax-Deferred $ 9,500

Tax-Deferred $ 7,500

IRA Income $ 1,000

Adjusted Gross

Income = $24,900

Total Tax Reduction

= $6,740

% of Social Security Taxable: 85%

Tax Bracket: 25%

Tax Due: $10,475

% of Social Security Taxable: 0%

Tax Bracket: 15%

Tax Due: $3,735

slide29

Market Volatility

“I’m not as concerned about the return on my money as the return of my money!”

--Mark Twain

slide30

Risky Choices

  • Fees
  • Can Lose Money

Stocks

Bonds

Mutual Funds

Variable Investments

slide33

How Much Should I Have at Risk?

RULE OF 100

100 minus Age = Maximum % Risk

100

-65

=35

managing ira accounts
Managing IRA Accounts
  • 401k
  • 403b
  • IRA
  • SEP IRA
  • KEOGH
  • ROTH IRA
slide35

ENRON

TWA

BETHLEHEM STEEL

POLAROID

GLOBAL CROSSING

US AIRWAYS

WORLDCOM

slide36

IRA Rollover

Taking Control of Your Money

RISK

  • STOCKS
  • BONDS
  • MUTUAL FUNDS
  • VARIABLE INVESTMENTS

SAFE

CD’S

  • SAVINGS
  • MONEY MARKETS
  • ANNUITIES
slide37

IRS Code 1035

Tax-Free Exchange

slide38

Safe Choices

Savings Accounts

Money Markets

CD’s

Fixed Annuities

Safety

Flexibility

Guarantees

slide39

Current CD Interest Rates

6 Month CD 1.00%

1 YR CD 1.26%

5 YR CD 1.80%

1 YR IRA CD 1.28%

5 YR IRA CD 1.85%

slide40

Safety

FDIC Insured

For Every Dollar Invested…

Banks

Credit Unions

Money Markets

CD’s

The FDIC Requires .07 Cents in Reserve

slide41

Safety

Insurance Company

For Every Dollar Invested…

Fixed Annuities

Life Insurance

…One Dollar is Reserved

slide42

The Fixed Annuity

You

Income

Deposit

Insurance Company

slide43

Variable Annuity

Variable Annuity

Invested in Various Mutual Funds

Policy Administration Fees

Fees for EACH Mutual Fund

.05 to 7%

Brokerage Fee

slide44

CD vs. Fixed Annuity

The Differences:

Higher Interest

  • Grows Tax-Deferred
  • Penalty Free Access
  • Avoids Probate

Time Deposit With a Bank

CD

Fixed Annuity

Time Deposit With an Insurance Company

slide45

The Fixed Indexed Annuity

Take Advantage of Stock Market Gains

Without the Risk.

Guaranteed Return of Your Principal.

slide46

The Fixed Indexed Annuity

Earnings Can be Linked to an Index

S&P 500

  • Coca-Cola
  • Microsoft
  • Home Depot
  • Federal Express
  • Kellog Co.
  • McDonalds

S & P 500

Dow Jones Industrial Average

NASDAQ

Aviva Approval# 12073 081108

slide47

S & P Average

$160,747

Indexed Annuity

Guaranteed Interest

142,576

$108,789

100K

98 99 00 01 02 03 04 05 06 07 08 09 10

slide48

Income Options

Interest Only

Specific Amount

  • Specified Period

5, 10, 15, 20 Years

slide49

Lifetime Income

Age 87

Age 70

slide50

Annuities For Long-Term Planning

Retirement Income

You Control When You Pay Taxes

Safety

Tax Deferred Accumulation

Avoid Probate

slide51

Wealth Transfer: Passing it on

Distribution

Distribution

Planning

Planning

0 20 40 60 80 100 120

0 20 40 60 80 100

slide52

“If I have a nickel in my pocket when I die,

I miscalculated.”

--Will Rogers

slide54

Estate Planning

  • Powers of Attorney
  • Trusts

 Wills & Living Wills

Asset Record

  • Estate Overview

 Investments

 Insurance

 Titles & Deeds

 Promissory Notes

 Last Instructions for Family

slide55

ASSETS

Real EstateStocksBondsMutual FundsBank Accounts

Probate

6% to 8%

  • Court Costs
  • Attorney Fees
  • Taxes
  • Delays

Beneficiaries

slide56

Estate Taxes

35% Federal Estate Tax

slide57

Wealth Transfers Through Life Insurance

  • Liquidity
  • Tax-Free Inheritance
  • Probate-Free
  • Creates an Immediate Estate
  • Final Expenses
slide58

$50,000 Taxable Investment

$50,000

Buys $200,000

Taxes on Growth

Tax-Free Growth

Taxes at Death

Tax-Free at Death

$35,000 to Heirs

$200,000 to Heirs

slide59

More Bang for the Buck.

$87,000 Death Benefit

$49,878 Cash Value

$174,307 Death Benefit

Additional $87,307 Tax-Free Death Benefit

This illustration is a First Colony Life $50,000 single pay UL premium based on a healthy 70 year old female.

slide60

THE NEXT STEP

… the next step is your free Consultation

• Recent Financial Statements

• Tax Return

• Insurance Policies

We Guarantee That You Will Not Be Disappointed!

slide61

Seminar Evaluation Sheet

Senior Financial Planning

Investment and Retirement Planning Strategies

Please Print

Date ___/___/___

Name ____________________________________________________

Address __________________________________________________

City / State / Zip ___________________________________________ Phone: ( ) ______________

3 30 10

John and Joyce Jones

2 Livin The Dream Blvd.

Anywhere, USA 555 555 1212

I would like more information on the following:

 Reducing Taxes  Avoiding Probate

 Roth IRA Conversion  Life Insurance

  • Tax Deferral  Wealth Transfer

 Long Term Care Alternatives  Estate Planning

  • IRA Rollover  Charitable Trusts
  • Fixed/Indexed Annuity  Other___________

 YesI want to have my no-cost—tax-saver one-hour visit!

Which Day is best for you? (Circle one or more)

Monday Tuesday Wednesday Thursday Friday

Which Time is best? (Circle one or more)

Morning Afternoon Evening

slide62

Shelbyville Road

Frisch’s Big Boy

Mall St. Matthews

Sherburn Lane

Bowling Blvd

Oxmoor Mall

Black Marble Sign

4500

264

64

slide63

S

F

Senior Financial Planning, Inc.

P

Financial Planning Strategies for Retirement

About Us

Contact Us

User Log In

Business Opportunities

Find a Representative

Administration

Search

Back to Previous Page

Estate Planning Living Trusts Probate Reducing Taxes Long-Term Care Asset Protection

Concerned About Retirement?

Retirees today face many challenges. From health care issues to the decreasing value of a dollar, seniors' concerns about the security of their financial well-being is growing. According to the National Council on Aging (NCOA), 54% of seniors still working, do so because they are afraid of not having enough money. Rising costs of prescription drugs, social security taxation, slow-growing market economy, relatively low interest rates, inflation climbing and the possibility of needing long-term health care have all been major factors in today's retirement landscape. By utilizing tax-deferred, tax- advantaged and special government programs offered to seniors over age 62, retirement concerns can be lessened dramatically. The right program can help retirees and pre-retirees put their financial concerns to rest.

Visit Our Website:

www.seniorfinancialplanning.org

slide65

Market Volatility

Preservation

Retirement

Distribution

Accumulation

Working

Planning

0 20 40 60 80 100

slide66

Types of Fixed Annuities

  • Immediate Annuities
  • Deferred Annuities