• How much do you need or want? If you didn’t come home tonight, what would you want for your loved ones? Pay off the mortgage? Fund college education for the kids? Replace your income?
• What type works best for you? Do you have a short term need that will, for example, end when the children are grown? Do you have a permanent need, do you want the insurance in place when you die no matter what age? Do you need to reduce the tax implications of your investments? Do you need to put aside more money than your ROTH IRA will allow?
• Which type of plan is right for you – PPO or HMO?
• Are you the kind of person that prefers alternative medicine and rarely goes to the doctor or do you have children that need to go often with colds etc?
• Would you be better served with a high deductible? Can you self insure and keep your monthly fixes premium costs down?
• Did you know that at any given point you are much more likely to become disabled than to die?
• The most valuable asset you have is not your home, but your ability to work!
• You may be able to survive if your disability is short, like a broken leg but how long will
your money last if you get a permanent disability and don’t tell me you are relying on worker’s comp!
Fixed and Variable Annuities
• Did you know that annuities can help you balance your portfolio?
• Did you know that they can offer a guarantee* of principal but with an opportunity for growth?
• Did you know that many have no fees or charges to purchase?
• Did you know that many can guarantee* you an income while allowing you to keep use
and control of your funds?
*guarantees are subject to the claims paying ability of the issuing company
• Which is right for you?
• What plans give you the most use and control of my money?
• How much risk can you take and still sleep at night?
• Do you have an exit strategy?
• Can be costly to buy and sell.
• If stock brokers were good enough to “time” the market – why are they working? They should be rich and lying on a beach drinking pina coladas
• Doesn’t matter that much when you buy, just never sell low!
• Did you know that all bonds are not safe or guaranteed*?
• Did you know that when interest rates go up, the value of bonds goes down?
• That the interest rate on a bond certificate is guaranteed* unless the company goes under and even then bondholders get paid before stock holders!
• Can’t be purchased without a chunk of money.
• Do you know what dollar cost averaging is?
• Did you know that the value of a mutual fund portfolio can grow in two different ways?
• Want to get started with just $50 per month?
• When was the last time you compared your current investment plan with your goals, objectives and risk tolerance?
• Do you know how much income you will need at retirement to live the lifestyle you plan on becoming accustomed to?
• What is your exit strategy?
• 401k/403b Allocations Link
• Do you know if your company matches your contributions and if so, how much?
• Did you ever think that you are deferring a known tax to an unknown tax?
• Have you ever considered that you may be in the lowest tax bracket right now that you will ever be in?
Establishing risk tolerance
• How prepared are you if the stock market and therefore your portfolio drops 10% or more overnight?
• Are you understanding when you check your investment at the end of the year and it hasn’t made or lost any money?
• Do you know that a money market account is not an investment?
• Are you aware that even if everything you own is in cash, you are still at some type of risk?
Balancing risk and safety
• Are all your eggs in one basket?
• Are some of your investments safe?
• Do you have use and control of your money?
• Are you positioned to make money when the stock market is soaring?
• Do you have an exit strategy?
• Do you really know that now is better than later!
• Has anyone told you that IRA’s can be a tax trap.
• Have you determined your retirement life style?
• Are you planning on dying broke, leaving an estate to your heirs, leaving money to your favorite charity?
Transitioning out of the workforce
*Guarantees are based on the claims paying ability of the issuing company