managing your finances: a personal financial security review © 2011 vsa, lp valid only if used...
TRANSCRIPT
Managing Your Finances: Managing Your Finances: A Personal Financial Security ReviewA Personal Financial Security Review
© 2011 VSA, LP Valid only if used prior to January 1, 2012. The information, general principles and conclusions presented in this report are subject to local, state and federal laws and regulations, court cases and any revisions of same. While every care has been taken in the preparation of this report, neither VSA, L.P. nor The National Underwriter is engaged in providing legal, accounting, financial or other professional services. This report should not be used as a substitute for the professional advice of an attorney, accountant, or other qualified professional.
Think About It…Think About It…
Your earning power – your ability to earn an income – is your most valuable asset.
Few people realize that a 30-year-old couple will earn 3.5 million dollars by age 65 if their total family income averages $100,000 for their entire careers, without any raises.
What steps have you taken to protect your earning powerin the event of death or disability?
How much of this money will be available to achieve future financial objectives, such as funding a child’s college education
or enjoying a secure retirement?
How much of your earning power will you save and keep saved?
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What Are the Personal Financial Security Needs?What Are the Personal Financial Security Needs?
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Protecting Your Family’s Future
How will your family replace your earning power in the event you die prematurely?
Preparing for Your Retirement
What will happen to your standard of living when your earning power ceases at retirement?
Providing for Your Child’s Education
How much of your earning power will be available to help pay for your child’s education?
In order to provide for themselves and their families, as well as protect the way they live, most people want to provide for one or more of these personal financial security needs...
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What Are the Personal Financial Security Needs?What Are the Personal Financial Security Needs?
Preparing for Disability
If you are sick or hurt and unable to work, how will you replace your earning power?
Making Your Home Debt-Free
How much of your earning power will be spent on unnecessary mortgage interest?
Planning Your Estate
Have you made plans to have funds available to pay estate settlement costs at your death?
In order to provide for themselves and their families, as well as protect the way they live, most people want to provide for one or more of these personal financial security needs...
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Protecting Your Family’s Future
Preparing for Your Retirement
Providing for Your Child’s Education
Preparing for Disability
Making Your Home Debt-Free
Planning Your Estate
Which of these needs would be your top priority?
What Are the Personal Financial Security Needs?What Are the Personal Financial Security Needs?
4 Key Areas of Concern for Women4 Key Areas of Concern for Women
1. Earnings gap• Woman make on average $57,000 annually compared
to $84,000 for men• Which equals more money to put towards retirement
2. Time out of the workforce• Less money to put towards retirement• Often return to the work force with a cut in pay
4 Key Areas of Concern for Women4 Key Areas of Concern for Women
3. Divorce• Most families are supported by two incomes• After divorce standard of living often times is different.• Asset may appear to be divided up equally but you
have to look closely and think long term.
4. Women outlive men• In Georgia life expectancy for men is 74 and women is
78 (more living past age 100)• Longer time in retirement
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A Four-Step ProcessA Four-Step Process
Managing your finances in order to achievepersonal financial security is a four-step process:
Step 1:
Analyze Your
Current Situation
Step 2:
Identify and
Prioritize Financial
Goals
Step 3:
Develop and
Implement a Plan
Step 4:
Review and
Update Your Plan
on a Regular
Basis
Personal
Financial
Security
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You Can Manage Your Finances…You Can Manage Your Finances…
The longer you wait,
the more difficult it becomes
to achieve your
personal financial security goals.
Shall we begin today?
Thank You!!!Thank You!!!
Infinity Financial, LLC400 Galleria Parkway Suite 1500
Atlanta, Georgia 30339www.latoyaparker.com
(t) 770-990-0120(f) 800-640-4016
Securities offered through and supervised byWilbanks Securities, Inc.
Member FINRA, SIPC4334 NW Expressway, Suite
Oklahoma City, OK 73116405-842-0202
Fee based services offered through Wilbanks Securities Advisory