A SEMINAR PRESENTED BY DR. AA NEIDERMEYER

1. A SEMINAR PRESENTED BY DR. AA NEIDERMEYER

2. Initiate a PFP perspective Develop a planning base Establish a sequence of goals Protection Accumulation for ???? Tax planning Retirement planning Estate planning Action !!!! SEMINAR TOPICS

3. INITIATION OF A PFP PERSPECTIVE • Attitude toward money • Willingness to assume risk • Awareness of your personal situation • Willingness to actively manage your alternatives

4. DEVELOPMENT OF A PLANNING BASE • Establishment of a personal budget: actual / implicit • Determination of personal balance sheet • Documentation of the above in written format

5. ESTABLISH GOALS • Goals should be both time-based and quantified in dollar terms (if possible) • Goals should be achievable • Benchmarks should be utilized to measure progress

6. REPRESENTATIVE GOALS • $4,000 for a vacation in summer • Payoff charge card debt within 12 months • Establish a 2 month emergency fund within 18 months • Retire a millionaire at age 55

7. PROTECTION AGAINST • Premature death • Disability • Medical care • Property liability • Unemployment • Loss of property

8. PROTECTION AGAINST PREMATURE DEATH • Personal health awareness • Insurance • Entitlement programs • Buy-sell agreements • Pension benefits

9. PROTECTION AGAINST DISABILITY • Employer-provided policies • Self-provided policies • Policy considerations: • definition of disability • waiting period • benefit period

10. PROTECTION AGAINST MEDICAL EXPENSES • Employer-provided basic and major medical policies • Participation in wellness programs • Awareness of the stop-loss provision of existing policies

11. PROTECTION AGAINSTPROPERTY LOSSES / LIABILITY • Risks: • Ownership • Rentals • Hiring • Contracts • Volunteer Activities

12. PROTECTION FROM LOSSES • Coordination of liability coverage under existing insurance policies • Umbrella liability policy • Restrict involvement

13. PROTECTION AGAINST UNEMPLOYMENT • Diversification of employment background • Create / exploit a niche • Network • Continuously engage in self-improvement activities: increase intellectual capital.

14. ACCUMULATION

15. ACCUMULATION FOR • An emergency fund • Family purposes • Retirement • ????

16. ACCUMULATION MODES • Regular bank vehicles • Fixed - dollar investments • Variable - dollar investments • Commodities • Collectibles • Mattress

17. FIXED-DOLLAR INVESTMENTS • Certificates of deposit • Preferred stock • Bonds

18. VARIABLE - DOLLAR INVESTMENTS • Mutual funds • Common stock • Real estate • Annuities • Commodities

19. TAX PLANNING

20. TAX PLANNING TECHNIQUES • Consider the tax consequences of each involvement • Try to maintain open - fact tax situations • Look for available exclusions / deductions

21. RETIREMENT PLANNING

22. THE THREE Y’S • Your outlook • You look at others • You look at yourself

23. RETIREMENT PRESSURES • Financial • Boredom • Lack of communication • Health • Threat of the unknown

24. RETIREMENT TIMING • Early • Mandatory • Voluntary • Flexible

25. STEPS TO AN ACTIVE RETIREMENT • Recreation • Hobbies • Travel • Relaxing • Socializing • Proper financing

26. RETIREMENT FINANCING • Establish your needs early • Fund your anticipated needs • Pace your enjoyment of each of the above

27. ESTATE PLANNING

28. ESTATE PLANNING PRINCIPLES • Stipulate “who” will receive “what” • Work to reduce transfer costs • Provide necessary liquidity for the estate • Decide who will administer

29. KEY PLANNING VEHICLES • Draft / execute a will • Execute a power of attorney • Execute a living will • Execute a pre-planned funeral arrangement

30. ACTION

31. REQUIRED FOLLOW-UP • Implement your chosen planning techniques • Monitor periodically to assure movement toward chosen ends