get the retirement you want 2013
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Digital Financial Planning for Dentists
GET THE RETIREMENTYOU WANT
It’s never too soon to start planning
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©2012 Raymond James Financial Services, Inc., member FINRA/SIPC Investment products are: not deposits, not FDIC/NCUA
insured, not insured by any government agency, not bank guaranteed, subject to risk and may lose value.
Timothy J. McNeely CFP® CIMA®888-300-8003 | 818-534-4949
tim@mcneelyfs.com mcneelyfs.com
Digital Financial Planning for Dentists
MAKING YOUR MONEY LAST
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HOW CAN I BE SURE IT WILL?
Digital Financial Planning for Dentists
THE FOUNDATION FOR YOUR FUTURE
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Digital Financial Planning for Dentists
A NEW YOU
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Baby boomers want an active,fulfilling retirement.
Digital Financial Planning for Dentists
THIS ISN’T YOUR PARENT’S RETIREMENT!
A NEW YOU
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THIS ISN’T YOUR PARENTS’ RETIREMENT!
Digital Financial Planning for Dentists
?WHAT’S YOUR VISION FOR RETIREMENT?
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YOU FACE SOME
BIG QUESTIONSWhen do you want to retire? How long do
you need your money to last?
What are your goals and
aspirations? What challenges could you face?
Digital Financial Planning for Dentists
ESTABLISH PRIORITIES
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WOULD YOU RATHER …
Retire sooner with a lowerprojected income
- OR -
continue working for several more years?
Digital Financial Planning for Dentists
ESTABLISH PRIORITIES
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WOULD YOU RATHER …
Maximize the income you cantake from your portfoliothroughout retirement
- OR -
plan to leave an inheritance tofamily members or charities?
Digital Financial Planning for Dentists
ESTABLISH PRIORITIES
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WOULD YOU RATHER …
Purchase a second home- OR -
reserve funds to coverany unexpected medical
expenses down the road?
Digital Financial Planning for Dentists
START WITH THREE QUESTIONS
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1What are the basic things you’ll need
in retirement? 2Second, what do you want?
3Third, what will help you get there?
Digital Financial Planning for Dentists
IDENTIFYING RELIABLE INCOME
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Pays for basic needs becausethey must be covered:
PENSIONS
SOCIAL SECURITY
PART-TIME EMPLOYMENT
OTHERINCOME
Digital Financial Planning for Dentists
MAXIMIZE SOCIAL SECURITY
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For many, Social Securityis a major source of
reliable retirement income,so it’s prudent to
maximize your benefits.
Consider …
Digital Financial Planning for Dentists
MAXIMIZE SOCIAL SECURITY
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YOUR
AGEWhen should you
draw benefits?
YOUR
TAXESHow are benefits taxed
when combined withother retirement income?
YOUR
JOBHow do earnings
impact your benefits?
YOUR
MARRIAGEHow do spousal
And survivorbenefits work?
Digital Financial Planning for Dentists
TIMING IS EVERYTHING
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Digital Financial Planning for Dentists
MANAGING YOUR MONEY
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PLANNING CAN HELP TURN GOALS
Take time to develop a carefully considered plan.
INTO REALITY.PLANNING CAN HELP TURN GOALS
Digital Financial Planning for Dentists
YOUR HEALTH: THE RETIREMENT WILD CARD
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Factors to consider:
MEDICAREWhat it does and does not cover
Planning for your health – and how you’ll pay for expected and unexpected expenses – should
be considered an essential need.
MEDIGAPOut-of-pocket expenses like
premiums, deductibles and
copays
INSURANCELong-term care
insurance
Digital Financial Planning for Dentists
YOUR HEALTH: PREPARE FOR THE UNEXPECTED
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Long-term care insurance can:
PROTECTassets
RELIEVEfamily and friendsfrom the stress of
providing care
PROVIDEoptions forquality care
PRESERVEyour independence, dignity and financial
freedom
Digital Financial Planning for DentistsÜ
MAKE IT PERSONAL
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Your retirement income plan includes
GOALSthat are most important to youfor a comfortable retirement.
Now, we can start to put yourpersonal plan together!
Digital Financial Planning for Dentists
COMPLETING THE RETIREMENT PUZZLE
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Digital Financial Planning for Dentists
NEEDS COME FIRST
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Digital Financial Planning for Dentists
FILL THE INCOME GAP
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NEEDSGAP
Digital Financial Planning for Dentists
SUPPORTING WANTS
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Digital Financial Planning for Dentists
OTHER CONSIDERATIONS
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includes
Business
Real estate
includes
Cash reserve
Long-termcare needs
includes
Leaving alegacy
Charitablegiving
Digital Financial Planning for Dentists24
PUTTING YOU IN THE CONFIDENCE ZONE
Digital Financial Planning for Dentists
MORE IN YOUR POCKET, NOT UNCLE SAM’S
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Employer Retirement Plans401(k)s, 403(b)s
AnnuitiesIRAs
Keogh plans
Digital Financial Planning for Dentists
MORE FOR YOU
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*This example assumes a $10,000 initial investment.
Past performance is no guarantee of future results. This example is for an investment in the 9% bracket using the 2010 tax code, and assumes an 8% annual total return. It is for illustrative purposes only and not indicative of any investment. Returns and principal invested in stocks are not guaranteed. Withdrawals of tax-deferred accumulations are subject to ordinary income taxes. A 10% federal tax penalty may apply to withdrawals made before age 59½.
Created by Raymond James using Ibbotson Presentation Materials. ©2011 Morningstar, Inc. All rights reserved. Used with permission.
Digital Financial Planning for Dentists
A GUIDE FOR YOUR RETIREMENT JOURNEY
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Select an advisor with:
1Retirement expertise 2Tax-planning
strategies 3Comprehensive arsenal of products 4Online
tools
5Cash management
options 6Collaborative process 7Investment
philosophy in line with yours
Digital Financial Planning for Dentists
LET’S GET STARTED
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We will work as diligently to manage and preserve your money
as you did earning it.
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