July 20th Show
click here to listen to 7/20/2010 segment
COPING WITH THE “NEW NORMAL”
OUTLINE:
- BRIEF OVERVIEW OF FINANCIAL PRINCIPLES
- INDEPENDENT, FULL SERVICE FINANCIAL PLANNING & WEALTH MANAGEMENT
- CLOSELY HELD BUSINESSES, EXECUTIVES, RETIREES, & THE AFFLUENT
- Recently, a higher focus on VERIZON EMPLOYEES
- FOCUS:
- CONSULTATIVE FINANCIAL PLANNING
- WEALTH MANAGEMENT
- INVESTMENTS & INSURANCE
- RETIREMENT, BUSINESS & ESTATE STRATEGIES
- PRIMARILY CONCENTRATED IN NORTH JERSEY/NYC/ROCKLAND COUNTY AREA, BUT LICENSED IN THE MAJORITY OF THE 50 STATES
- ESTABLISHED IN 1998, WITH OVER 30 YRS OF EXPERIENCE & $192M OF ASSETS UNDER ADVISEMENT (AS OF 6-30-10)
- OVERVIEW OF COPING WITH THE “NEW NORMAL”
- STRATEGIES FOR COPING WITH THE “NEW NORMAL”
- Don’t get overly influenced by fad thinking
- Increase Diversification
- Invest Globally
- Tale an active approach to your portfolio
- Spend less, save more
- Manage risk more tightly
- Remain an investor, not a trader
- HOW TO CONTACT BRAD & MIKE:
June 22nd Show
click to listen to 6/22/2010 segment
- BRIEF OVERVIEW OF FINANCIAL PRINCIPLES
- INDEPENDENT, FULL SERVICE FINANCIAL PLANNING & WEALTH MANAGEMENT
- CLOSELY HELD BUSINESSES, EXECUTIVES, RETIREES, & THE AFFLUENT
- Recently, a higher focus on VERIZON EMPLOYEES
- FOCUS:
- CONSULTATIVE FINANCIAL PLANNING
- WEALTH MANAGEMENT
- INVESTMENTS & INSURANCE
- RETIREMENT, BUSINESS & ESTATE STRATEGIES
- PRIMARILY CONCENTRATED IN NORTH JERSEY/NYC/ROCKLAND COUNTY AREA, BUT LICENSED IN THE MAJORITY OF THE 50 STATES
- ESTABLISHED IN 1998, WITH OVER 30 YRS OF EXPERIENCE & $192M OF ASSETS UNDER ADVISEMENT (AS OF 3-31-10)
- OVERVIEW OF DISTRIBUTION PLANNING
- IN PROGRESSION WITH PRIOR SHOWS (ACCUMULATION & INCOME DISTIBUTION)
- GOAL OF PASSING ASSETS AS EFFECTIVELY AS POSSIBLE TO HEIRS &/OR CHARITIES
- ESTATE PLANNING 101
- SIMPLE WILLS, POWER OF ATTORNEY, HEALTH CARE PROXIES
- ESTATE TAXES
- CURRENT LAW IN 2010, 2011 AND BEYOND?
- HUMAN LIFE VALUE
- LIFE INSURANCE
- HOW TO CONTACT BRAD & MIKE:
May 11th Show
Listen to: FINANCIAL PLANNING & VOLATILITY
- BRIEF OVERVIEW OF FINANCIAL PRINCIPLES
- INDEPENDENT, FULL SERVICE FINANCIAL PLANNING & WEALTH MANAGEMENT
- CLOSELY HELD BUSINESSES, EXECUTIVES, RETIREES, & THE AFFLUENT
- Recently, a higher focus on VERIZON EMPLOYEES
- FOCUS:
- CONSULTATIVE FINANCIAL PLANNING
- WEALTH MANAGEMENT
- INVESTMENTS & INSURANCE
- RETIREMENT, BUSINESS & ESTATE STRATEGIES
- PRIMARILY CONCENTRATED IN NORTH JERSEY/NYC/ROCKLAND COUNTY AREA, BUT LICENSED IN THE MAJORITY OF THE 50 STATES
- ESTABLISHED IN 1998, WITH OVER 30 YRS OF EXPERIENCE & $192M OF ASSETS UNDER ADVISEMENT (AS OF 3-31-10)
- CURRENT “CRISIS DU JOUR” – DISCUSSION OF RECENT VOLATILITY IN MARKETS
- GREECE & EUROPEAN BANKING
- Entitlement Programs
- Greece has defaulted 5 times before in the last 200 years
- Global Economy has become more intertwined, especially since Euro
- Market Trading Errors on Thursday, 5/6/2010
- Largest intra-day drop
- Many theories, but no clear-cut explanation (“Fat-Finger”, Stop Losses, NYSE did not hault trading, etc)
- STRATEGIES TO IMPLEMENT - ADDRESS HOW WE WEATHERED THE STORM IN 2008-09
(Reference: Financial Planning Magazine article, September 2009)
- Constant Client Communication
- Proactive & Accessible
- Review of Investment Policy Statement
- Reinforce “Investor, not Trader Mentality”
- Use of various investment vehicles to increase diversification
- If we decide to exit a strategy, address plan for re-entering
- Rebalance Portfolios – More defensive without market timing
- Possible Paradigm Shift in Risk Tolerance
- NEXT SHOW: WILL PICK-UP ON TRANSFER OF ASSETS (FROM ACCUMULATION & DISTRIBUTION TOPICS FROM PRIOR SHOWS)
- HOW TO CONTACT BRAD & MIKE:
April 20th Show
LISTEN TO RETIREMENT INCOME DISTRIBUTION
OUTLINE:
- BRIEF OVERVIEW OF FINANCIAL PRINCIPLES
- PHASES OF RETIREMENT PLANNING
A. ACCUMULATION, DISTRIBUTION & TRANSFER
B. TODAY’S APPEARANCE: FOCUS ON RETIREMENT INCOME DISTRIBUTION PLANNING
- CONCEPTS OF RETIREMENT INCOME DISTRIBUTION PLANNING
- “BUCKETS OF MONEY”
- RELIABILITY OF INCOME – “THE NEW ROI”
- INVESTMENT TOOLS
- WHEN TO BEGIN THE PLANNING?
- HOW TO CONTACT BRAD & MIKE:
- TOLL FREE: 866-401K-529
- www.FINANCIALPRINCIPLES.COM
March 23rd 2010 show.
Listen To Tax Deadline: Retirement and Investment Plans
Brad Bofford and Mike Flower, Managing Partners of Financial Principles, will be discussing various planning strategies for the upcoming tax deadline. Topics to include IRA contributions, small business plans (SEP, Single K, Simple), and the 2010 Roth IRA Conversion. Be sure to tune in as welcome Brad and Mike back to Your Financial Health Show
- Benefits and rules of a qualified, tax-deferred retirement plan
- Review of options for an Individual:
- Individual Retirement Account (IRA)
- Roth IRA
- Catch Up Provision
- Small Business Plans
- Simplified Employee Pension (SEP)
- SIMPLE IRA
- Single K
- Roth 401K plan – consider taking advantage of it through your employer
- Don’t forget about the 2010 Roth IRA Conversion possibilities
What are the benefits and rules of a Retirement Plan?
Whether it is a plan offered through your employer or an Individual plan, known as an IRA, the plans all carry the same conceptual rules and benefits:
- You receive a tax deduction for contributions
- Your assets grow tax-deferred
- When you decide to take money out of the account you will always pay income tax
- If you are under the age of 59 ½ you will also pay a 10% penalty
- You can invest how you choose (Mutual funds, stocks, bonds, CDs, etc…)
- BOTTOM LINE – You are saving for the day that you will stop working or slow down.
What Options are available for an Individual?
You can either invest in an IRA or Roth IRA. Both the IRA and Roth IRA you are allowed to make up to a $5,000 contribution. If you are over the age of 50, you are allowed to contribute an additional $1,000 as a “Catch Up” Provision.
If you do not have a retirement plan at work, this is a last second deduction that you can obtain. You can contribute $5,000 to a IRA and receive a tax deduction.
I.Benefits and rules of a qualified, tax-deferred retirement plan
II. Review of options for an Individual:
- Individual Retirement Account (IRA)
- Roth IRA
- Catch Up Provision
III.Small Business Plans
- Simplified Employee Pension (SEP)
- SIMPLE IRA
- Single K
IV.Roth 401K plan – consider taking advantage of it through your employer
V.Don’t forget about the 2010 Roth IRA Conversion possibilities |
