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Tuesday Evening Career Chat

Tuesday Evening Career Chat. March 15,2011 Justin Martin Associate Financial Advisor Stuart Daniel- Ameriprise Financial. Financial Considerations/Concerns. History - The 3-Legged Stool Social Security Private Pensions Personal Savings & Investments Today - Sense of Urgency

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Tuesday Evening Career Chat

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  1. Tuesday Evening Career Chat March 15,2011 Justin Martin Associate Financial Advisor Stuart Daniel- Ameriprise Financial

  2. Financial Considerations/Concerns • History - The 3-Legged Stool Social Security Private Pensions Personal Savings & Investments • Today - Sense of Urgency Time Value of Money The Cost of Waiting • Education - The Shift in On

  3. Financial Considerations/Concerns • Types of Qualified Plans - Different vehicles to save for retirement -Change in Methodology -401(k), 403(b), SEP, SIMPLE, Keogh, Section 457, Roth IRA, Profit Sharing, Cash Balance Plan Typically funded through paycheck deferrals and matches • Job Transition - Chaos versus Opportunity

  4. Financial Considerations/Concerns • What is an IRA rollover? - A transfer of funds from a retirement account into a Traditional IRA or a Roth Contributory IRA. This can occur either through a direct transfer or by a check, which the custodian of the distributing account writes to the account holder who then deposits it into another IRA account. • General Points for IRA Rollovers - Age 59.5 for Distributions Investments Participation Rates 60-Day Rule Traditional IRA versus Roth Contributory IRA • Investment Objectives - Diversification Risk Tolerance Timeframe

  5. Financial Considerations/Conerns • Group Insurance - What is it? Insurance coverage bought for and provided to a group instead of an individual. For example, an employer may buy disability, health, and term life insurance for its employees at a far better rate than the employees could obtain on their own. Cost versus Portability

  6. Financial Considerations/Concerns Justin R. Martin | Associate Financial Advisor with the practice of Stuart Daniel | Ameriprise Financial 9020 Stony Point Parkway | Suite 360 | Richmond, VA 23235 Office: 804-320-3105 | Fax: 804.320.3035 | justin.r.martin@ampf.com Learn more at - ameripriseadvisors.com/justin.r.martin

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