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<strong>Making your Money Work for You</strong>

Making your Money Work for You

Now and into retirement.

Financial Planning vs. Investing

Minimizing Taxes vs. Rates of Return

Living vs. Limping to Age 100



Retirement Planning Dilemma

A video from WEALTH BUILDING CORNERSTONES on Vimeo

  • Accumulation
  • Distribution
  • Inflation/Taxes
  • Longevity

NEEDS & GOALS

What do you HAVE to HAVE to prepare for all of these situations?

Kids Education

Nursing Care

Retirement Income

Medical Assistance

Travel

In-Law Suite

Saving for a New Home

Vacation Home

<strong>How Do We Fix It?</strong>

How Do We Fix It?

  • KNOWN Tax
  • UNKNOWN Tax
  • NO Tax


We Create Balance in All Three!

Financial Balance – The Goal is To:

Build Maximum Wealth

Not Run Out of Money in Retirement

Transfer Wealth

Have a SOLUTION That Works ALL the time!!

WHAT ARE YOU CURRENTLY
DOING TO SAVE?

Building Maximum Wealth:
Today vs Tomorrow

401(k): Is it the seed, or the harvest

4-STEP STRATEGY

STEP 1: TAKE INVENTORY

STEP 1: TAKE INVENTORY

ORGANIZE YOUR FINANCIAL LIFE

STEP 2: MAXIMUM PROTECTION: LIFE INSURANCE

STEP 2: MAXIMUM PROTECTION: LIFE INSURANCE

LIFE INSURANCE: BUY TERM & INVEST VS. WALI

HOW DOES COVERTING YOUR HUMAN LIFE VALUE INCREASE YOUR WEALTH TODAY AND TOMORROW

STEP 3: START SAVING

STEP 3: START SAVING

SAVE 15-20% OF GROSS INCOME

STEP 4: HAVE ONE YEAR IN RESERVE

STEP 4: HAVE ONE YEAR IN RESERVE

THE CONSTANT IN LIFE… “THE UNEXPECTED”

4 Stages of Wealth Accumulation

<b>Wealth Inception&#160;(Age 22 - 30)</b>

Wealth Inception (Age 22 - 30)


Your first job, credit card, apartment, car, etc.  No one really knows what they're doing at this point except to enjoy life and the fact that they're earning an income.

Wealth Creation and Accumulation (Age 30-70)

Wealth Creation and Accumulation (Age 30-70)

This is the only stage that serves a dual purpose.  It is also the most critical stage because stages 3 and 4 rely so heavily upon it.

  1. Creation- you must earn enough income to satisfy your debts, save money and enjoy your lifestyle.
  2. Accumulation- you must build up enough wealth to last the rest of your lifetime.           
<b>Wealth Distribution&#160;(Age 70 until death</b><b>)</b>

Wealth Distribution (Age 70 until death)


We don't know how long this stage will last but what we've learned is that absent a  pension, people are simply not saving enough money to last as long as they last most often; certainly not enough to live the lifestyle to which they have become accustomed.

Wealth Legacy&#160;(Generational Wealth)

Wealth Legacy (Generational Wealth)


Because we've typically done a poor job in stage 2, stage 3 is questionable and during stage 4, the Legacy number is quite often, Zero. 





Making your money work for you, Now and into retirement 

Clay Goldsborough
Partner
Phone: 301-907-9030 x1358
clarence.goldsborough@ffgadvisors.com

Email clay


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