Financial Intelligence. Produced Exclusively for Members of the Senior Executives Association

Transcription

1 Financial Intelligence Produced Exclusively for Members of the Senior Executives Association

2 Mike Miles Founder and Principal Advisor, Variplan, LLC Certified Financial Planner Registered Investment Advisor SEA Benefit Provider Since 1999 Federal Times Money Matters Columnist Ask the Experts Panelist at

3 Advanced Decision Support Services Comprehensive Financial Planning and Decision Support Integrated Investment Advice Fiduciary Engagement Experts in Federal Benefits Fair and Reasonable Fees

4 SEA Member Benefits $49 Benchmark Portfolio Review Save $250 Free Hour of Consulting / Analysis Save $205 $250 Vantage Discount Save $250 Questions to me at mmiles@variplan.com

5 Contents 1. Market Review 2. Tactical Recommendations 3. Organizing Your Portfolio 4. Questions & Answers

6 Financial Intelligence How to Submit Your Questions

7 Market Review Stocks (6 months)

8 Market Review Stocks (5 Years)

9 Market Review Stocks (20 Years)

10 Market Review - Interest Rates (20 Years)

11 Market Review Stocks vs. Bonds (1 Year) Bonds Stocks

12 Market Review Stocks vs. Bonds (5 Years) Stocks Bonds

13 Tactical Recommendation G G F C, S, I F C, S, I

14 Financial Intelligence Organizing Your Portfolio

15 Financial Planning and Management Goals Resources Management Performance Success Wants Needs Guaranteed Annuities Insurance At Risk Liquid Assets Cash Marketable Securities Illiquid Assets Real Estate Business Interests Action Constraints Decisions Analysis Assumptions Experience Probabilities Estimates Risk Return Cash Flow Wealth Inflation & Taxes

16 Portfolio Structure Tax-Deferred Taxable Tax-Exempt

17 Check Check Portfolio Structure Tax-Deferred Taxable 401k Save Save Brokerage TSP Tax-Exempt Roth TSP

18 Objective Minimize the Number of Accounts Easier to Analyze Easier to Rebalancing Easier to Understand and Monitor Fewer Trades Lower Costs

19 Investment Accounts FAVOR Discount Brokerage TSP FDIC Insured Savings AVOID Full-Service Brokerage Mutual Annuity Life Insurance

20 Check Check Combining Taxable Accounts Tax-Deferred Taxable 401k Save Save Brokerage TSP Tax-Exempt Roth TSP

21 Combining Taxable Accounts Tax-Deferred Taxable Check Save Save 401k Brokerage TSP Tax-Exempt Roth TSP

22 Combining Taxable Accounts Tax-Deferred Taxable Check Save Save 401k Brokerage TSP Tax-Exempt Roth TSP

23 Combining Taxable Accounts Tax-Deferred Taxable 401k Check Save Brokerage TSP Tax-Exempt Roth TSP

24 Combining Taxable Accounts Tax-Deferred Taxable 401k Check Save Brokerage TSP Tax-Exempt Roth TSP

25 Combining Taxable Accounts Tax-Deferred Taxable 401k Check Save Brokerage TSP Tax-Exempt Roth TSP

26 Combining Tax-Deferred Accounts Splitting a Traditional Account

27 Splitting a Traditional Account Non-Deductible or After-Tax Contributions Create Tax Basis in a Traditional Created and Tracked on IRS Form 8606 Affects Withdrawals for Life Requires Lifetime Tracking

28 Traditional Splitting a Traditional Account Pre-Tax Taxable Rollover Traditional Post-Tax Not Taxable Tax Basis Conversion

29 Traditional Splitting a Traditional Account Pre-Tax Taxable Rollover Traditional Post-Tax Not Taxable Tax Basis Conversion

30 Traditional Splitting a Traditional Account Pre-Tax Taxable Transfer TSP or Other Employer- Sponsored Qualified Retirement Plan Post-Tax Not Taxable Tax Basis Conversion

31 Combining Tax-Deferred Accounts Tax-Deferred Taxable 401k Check Save Brokerage TSP Tax-Exempt Roth TSP

32 Combining Tax-Deferred Accounts Tax-Deferred Taxable 401k Check Save Brokerage TSP Tax-Exempt Roth TSP

33 Combining Tax-Deferred Accounts Tax-Deferred Taxable 401k Check Save Brokerage TSP Tax-Exempt Roth TSP

34 Combining Tax-Deferred Accounts Tax-Deferred Taxable Check Save Brokerage TSP Tax-Exempt Roth TSP

35 Combining Tax-Exempt Accounts Tax-Deferred Taxable Check Save Brokerage TSP Tax-Exempt Roth TSP

36 Combining Tax-Exempt Accounts Tax-Deferred Taxable Check Save Brokerage TSP Tax-Exempt Roth TSP

37 Portfolio Organization Tax Deferred Taxable LIQUID CASH RESERVES INVESTED Tax Exempt INVESTED

38 Distributing Asset Types Tax-Deferred Taxable Brokerage Check Save Brokerage Liquid Cash Stocks TSP Bonds Strategic Cash Tax-Exempt Roth TSP

39 Variplan Article Database

40 Financial Intelligence Next Month: Annuities The Pros and Cons September 12:00

41 Questions / Comments / Suggestions mmiles@variplan.com