INDIVIDUAL RETIREMENT PLANNING

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Abraham Anderson
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1 INDIVIDUAL RETIREMENT PLANNING MENU OF SERVICES

2 SUMMARY. Goal Setting and Planning 2. Cash Management 3. Assets and Debts 4. Employee Benefits 5. Educational Planning 6. Retirement Planning 7. Investments 8. Tax Planning 9. Risk Management Insurance 0. Estate Planning. Education and On-Going Monitoring

3 . Goal Setting and Planning a. Develop, establish and track individual and family goals b. Promote vacation planning and quality of life enhancements c. Calculate net worth and review cash flow annually d. Conduct annual planning evaluations and tracking of goals e. Provide proactive follow up on action items f. Educate on financial matters, priorities, direction and structure 2. Cash Management a. Provide advice on cash surplus or deficits b. Monitor your net worth to ensure the financial plan is working to preserve and grow your assets c. Monitor debt reduction d. Plan for future cash flow needs for cars, homes, vacations, home improvements, weddings, etc. e. Evaluate current holdings and look for opportunities to increase returns on cash accounts f. Help determine an appropriate amount of emergency funds 3. Assets and Debts a. Gather and analyze information to create household balance sheet b. Analyze debt structure and organization and assess lending opportunities c. Evaluate mortgage financing, the economic benefits of refinancing, semi-monthly payment programs, accelerated payment programs and PMI reduction strategies d. Calculate net worth e. Help prioritize your spending and prepare for potential pitfalls f. Look for opportunities for additional savings / 4 4. Employee Benefits a. Provide advice to maximize employee benefits b. Perform analysis of employee benefits on an annual basis c. Provide stock option strategies d. Provide advice on employee stock purchases as a part of overall investment strategy e. Monitor contributions to retirement plans

4 5. Educational Planning a. Provide guidance on types of education investment accounts, e.g. 529 plans, custodial accounts, Education Savings Accounts and IRAs and Savings bonds b. Evaluate various vehicles for educational savings and selection based on individual needs c. Monitor students age to ensure proper allocation based on risk tolerance and time horizon d. Provide guidance and advice on financial aid and scholarship funding e. Monitor state and federal tax laws for changes to education benefits, contributions, credits and deductions f. Research opportunities and help calculate college financial aid programs g. Conduct financial education programs for children 6. Retirement Planning a. Evaluate pension plan structures, IRAs, Roth IRAs or qualified plans b. Analyze distribution options for pensions c. Calculate retirement plan benefits, including Social Security d. Calculate IRS required minimum distributions and educate on regulations e. Provide Roth IRA conversion calculations and advice f. Educate on how the timing of retirement will affect your retirement lifestyle g. Review and update your goals, objectives, and priorities to analyze the impact of these changes on your overall financial situation h. Update financial projections to monitor the effect of stock and bond markets, changes to cash flow needs, risk tolerance and other variables i. Analyze the effects of inflation on your goals 2 / 4 7. Investments a. Review risk tolerance to ensure proper allocation b. Review specific holdings for risk, performance, expenses, tax efficiency and capital gains and losses c. Provide advice regarding rebalancing of asset allocation based on risk tolerance and investment time horizon d. Research of investment vehicles and managers for potential additions or replacements e. Provide performance reporting on your investments f. Consolidate investment paperwork g. Provide 40(k), 403(b), or 457 investment advice h. Explain investment ideas in a manner that makes it easy to understand i. Conduct quarterly or semi-annual review of investment statements

5 8. Tax Planning* a. Provide information about tax-planning strategies b. Simplify tax reporting c. Discuss benefits of optimizing your 40(k), 403(b) or other retirement plan options d. Provide capital gains and loss planning e. Provide information on the benefits of section 25 plans and health-savings accounts f. Help you reduce taxation of Social Security benefits g. Provide a year-end capital gains/loss analysis h. Provide advice on possible benefits of Roth conversions i. Monitor tax law changes and the impact on your overall situation j. Establish and track cost basis on taxable accounts k. Establish and track cost basis on retirement accounts to avoid paying taxes on distributions where taxes may have already been paid on the contributions l. Provide advice on retirement plan distributions prior to age 59 ½ m. Provide advice on Required Minimum Distributions (RMD) after age 70 ½ 9. Risk Management Insurance a. Analyze your insurance needs based on changes to income, health, age, investment portfolios, education needs and goals and objectives b. Evaluate current life, disability, long-term care, health, umbrella, property and auto insurance and look for opportunities for improvement or money savings c. Provide guidance on property and casualty policies d. Provide advice for long-term care insurance, types of coverage, riders, cost benefit analysis e. Provide advice on disability insurance and planning for loss of income f. Provide advice on elder care issues g. Analyze liquidity needs for estate tax purposes, gifting and inheritance planning 3 / 4 0. Estate Planning* a. Advise on the implementation and proper use of estate planning tools: wills, trusts or powers-of-attorney b. Provide education and guidance on charitable giving alternatives c. Review ownership and beneficiary designations on all accounts d. Review estate planning documents to verify that they are up to date and coordinate with the financial plan e. Assist estate planning attorney with financial planning data f. Provide advice on gifting strategies g. Monitor changes of ownership of assets during an acquisition or after a marriage, divorce, inheritance or other significant life event * Williams Financial Group and its affiliates do not provide tax or legal advice. Please consult a qualified advisor regarding your individual circumstances.

6 . Education and On-Going Monitoring a. Provide investment information with a comprehensive approach b. Keep you up to date with product, service, strategy changes and improvements c. Conduct quarterly or semi-annual financial review meetings, with calls as needed in between d. Provide appointment summary follow-up letters e. Send quarterly newsletters or updates f. Provide positive encouragement and motivation for effort and successes g. Advise you to avoid reactive or emotional decisions which could negatively affect your portfolio h. Support you through transitional phases: major illness, death, inheritance, job change, retirement, child birth, divorce, legal issues or other crises i. Encourage you to save and invest j. Help you understand the various attitudes toward money and the financial decision making associated with each of them k. Provide friendly and knowledgeable support l. Educate on the potential tradeoffs of financial decisions and how they relate to your goals m. Provide economic and stock market updates and explain what it means to you n. Help you evaluate the economic news to determine what you should and shouldn t be concerned about o. Continue to seek out professional education for myself to better serve you Potential Special Topics Self-Employment Issues Provide small business operational advice Evaluate current business insurance and provide options if needed Provide referrals to business valuation specialists Analyze IPOs and business purchase options Help you manage retirement plan tracking and maintenance: contributions made, contribution limits, GUST amendments, profit sharing tax forms, etc. Analyze current employee benefits and provide options Provide information on business transition or succession strategies Provide Guidance regarding business tax planning 4 / 4

7 LeRoy A. Bizzell, Jr., CRPC 7003 Chadwick Drive, Suite #33 Brentwood, Tennessee Phone Fax Web

Data Gathering. Questionnaire

Data Gathering. Questionnaire Data Gathering Questionnaire Personal Information CLIENT 1 Name Address City, State Zip Phone: Home Work Cell Email Birth date Marital Status Single Married Widowed Are you a citizen of the United States?