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Learning about Saving Strategies presented by Federal Credit Union

Learning about Saving Strategies presented by Federal Credit Union. Wednesday, February 27, 2013 Arsenal Club, Bldg 60 Rock Island Arsenal, IL. Sequence of this Presentation. Introductions Disclaimer Purpose and Background of the annual Military Saves Campaign

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Learning about Saving Strategies presented by Federal Credit Union

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  1. Learning about Saving Strategies presented by Federal Credit Union Wednesday, February 27, 2013 Arsenal Club, Bldg 60 Rock Island Arsenal, IL

  2. Sequence of this Presentation • Introductions • Disclaimer • Purpose and Background of the annual Military Saves Campaign • Build Your Savings Arsenal: • Savings Techniques • Additional Resources • Taking the Pledge

  3. Introductions • Today’s Sponsor • RIA Federal Credit Union • Presenter • Nichole Burton • Phone: (563) 355-3800 • Web: www.riafcu.com Army Community Service Volunteers USAG - Rock Island Arsenal Presenter Jon Cook, AFC Phone: (309) 782-0815 / -0829 E-mail:usarmy.ria.imcom-central.mbx.usag-acs@mail.mil Web: www.riamwr.com/ acs/financial-readiness

  4. Disclaimer • This presentation is for the information and education of the participants. • The information presented is neither an endorsement nor a guarantee. • Before making any financial commitment, consult with your Family Members and appropriate professional advisers.

  5. Military Saves Campaign 25 February – 2 March 2013 www.militarysaves.org Purpose & Background

  6. Why plan for retirement now? Retirement is way off in the future! “It’s not the money you make; it’s the money you get to keep!” Ric Edelmann

  7. Saving & Investing Saving:“loanership” interest 1099-INT Investing:“ownership” dividends 1099-DIV capital gains 1099-B (or losses)

  8. Life’s Events Bonds and Bond funds Stocks and Stock funds RetirementLong Term Care + 5 to 7 years College, major home maintenance - 5 to 7 years Long term CD’s,short term Bonds and Bond funds Emergencies, insurance deductibles, big vacations, car down payments, Medical co-pays Money Market from Mutual Funds CU & Bank short term CD’s & Money Funds Christmas, Birthdays, Anniversaries, Weddings, back-to-school, Car Services, Trips, taxes, “stuff” Savings Accounts

  9. Build Your Savings Arsenal: TIPS

  10. Additional Resources www.riamwr.com/acs/financial-readiness www.militarysaves.org Financial Readiness Resources for Savers

  11. What is your Net Worth? http://americasaves.org/for-savers/201 • Net Worth Statement • + Assets • + Monetary Assets • + Fixed Assets • Debts • = Your Net Worth Download an MS Excel Spreadsheet from the ACS RIA web pagewww.riamwr.com/acs/financial-readiness

  12. Save all or part of your tax refund! IRS Form 8888

  13. Financial Industry Regulatory Authority (FINRA) FINRA Savings Calculator http://apps.finra.org/Calcs/1/Savings FINRA Financial Education Low Credit Score? Need to improve your credit report? Get a free credit report and score from Equifax or TransUnion through your local Financial Counselor courtesy of FINRA CreditScore program

  14. Taking the Saver Pledge

  15. Build Your Savings Arsenal thank you for attending! RIA Federal Credit Union for sponsored today’s event

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