Pre- Retirement

The kids are growing. Retirement age used to be decades away, but it doesn't seem so far away now. I have so many questions about retirement I avoid thinking about it!

Suggested Action Plan:
Step 1- Download Your Life focus Software and Begin the Planning Process
Step 2- Register for One of the Life Focus Wealth Education Classes
Step 3- Contact a Wealth Coach and Begin Your Secure Advantage Program
Step 4- Retirement Planning
Retirement planning starts with a healthy understanding of what retirement means. Retirement is often incorrectly viewed as a time to stop working in pursuit of leisure. Fortunately, many people enjoy working. As a direct result, the complete absence of work brings much unhappiness and is sometimes unhealthy. Working directly with your wealth Coach you'll deal with the plan your goals for retirement and decide what matters most to you. We believe there retirement should be viewed as a time when you have acquired sufficient net worth to allocate more of your energy towards helping others, pursuing hobbies, developing relationships, pursuing growth, or starting the career or business you've always dreamed about. Retirement is achieving a level of financial success or independence that allows you to exercise new options.

 Step 5- Investment
Your investment portfolio may need to be positioned with less risk. A bad investment is harder to overcome center of less time to recover. Nonetheless, a portfolio of guaranteed investments only will result in a reduction in buying power. A real danger of outliving your retirement income exists when you invest only in low risk investments. Positioning 25% to 50% of your investment portfolio and conservatively managed equities is often optimal. Many financial consultants agree that 15% is the minimum help it should be invested in growth investments. Consider investing the remaining dollars in such assets as money market funds, certificates of deposit, government bonds, corporate bonds, Eunice will bonds, government securities, and annuities. Most people need to take full advantage of employer-sponsored retirement plans. Qualified retirement plans are excellent for what they're intended to do -- provide a retirement income. The fact, however, is that even with an employer -- provided plan, very few people will be able to maintain or increase your standard of living after retirement without other sources of income.

Another aspect to consider when deriving an investment portfolio philosophy is the issue of outliving your assets. The facts are age 65 is young. Life expectancies are continuing to increase. According to the national Center for health statistics, a 65-year-old today has a one in four chance of reaching above age 90. The odds in 1940 worldly one in 14. Consequently, retirement for many people will last 30 or more years. In order to have more options in the future, you'll likely need more than 70% to 80% of your current income. Furthermore, few people wish to have less income when they retire and when they were working a successful retirement plan will allow you to travel, pursue other interests, and increase your standard of living.

Step 6- Develop a Spending Plan  

What we can accomplish for you…

o    Your financial coaches will work directly with you to develop effective strategies for tracking your spending and developing a spending
      plan that allows you to get the most out of life.

o    Your financial coaches will review your current expenses and determine the best way to create savings and reduce your spending.

o    Your financial coaches will help you find the money to set aside each month to increase your savings and plan for your future.

o    Your financial coaches will suggest strategies to become debt free and negotiate directly with your creditors to reduce and eliminate
       your outstanding debt load. 

Step 7-Tax
Effective tax brackets tend to change significantly over time. A perfect money plan will withdraw the majority of your income from taxable sources in the year when taxes are relatively low, and withdraw funds from a tax-free source any in a year taxes are high. Remember, the only person that can take care of the older person you will one day be is the younger person you are today. Working directly with your wealth coaches you'll deal to develop a tax strategy and tax plan that will maximize your retirement benefits while minimizing the taxable effects on your retirement assets.

 Step 8- Estate Planning
Estate planning is perceived by most at the time where you plan for your own death. We take a very different approach, estate planning for us is the process where each individual gets to plan and create their own legacy. In the preretirement phase of life is important to begin to evaluate not just our investments and our assets, but it is also important to decide what type of legacy we would like to leave our loved ones. Working directly with your legal team you will have the ability to create wills, durable powers of attorney, living wills and even complex trusts. These legal instruments will not only help you create the legacy that you would like to leave your loved ones like it also potentially help you save tax dollars in retirement and certainly tax dollars saved to your estate. Each of us believe the legacy, now you have the power to decide what that legacy is and how you would like impact the lives of those you love.

 Promises:
Working together witrh Life Focus and your Money Coach you'll...

• Take a realistic look at life and develop achievable second-half goals
• Match your changing investing appetite to your change of life stage
• Develop a spending plan that supports your goals
• Make the most of the age bracketed changes in tax law
• Get a free consultation and a discount on fees when you work with an attorney on estate planning and a will.
• Have more money in your pocket at the end of every month, guaranteed.