MAXIMIZE YOUR PERSONAL WEALTH

Transcription

1 MAXIMIZE YOUR PERSONAL WEALTH 30 mins

2 This information is provided for educational and general marketing purposes only and should not be construed as a recommendation or suggestion as to the advisability of acquiring, holding or disposing of a particular investment, nor should it be construed as a suggestion or indication that the particular investment or investment course of action described herein is appropriate for any specific retirement investor. In providing this communication, Regions is not undertaking to provide impartial investment advice or to give advice in a fiduciary capacity. This information should not be relied on or interpreted as accounting, financial planning, legal or tax advice. Regions encourages you to consult a professional concerning your specific situation and visit irs.gov for current tax rules. Investment, Insurance and Annuity Products: Are Not FDIC Insured Are Not a Deposit May Go Down in Value Are Not Bank Guaranteed Are Not Insured by Any Federal Government Agency Are Not a Condition of Any Banking Activity

3 AGENDA TODAY, WE WILL FOCUS ON THESE BIG QUESTIONS How can I accumulate wealth effectively? 2. How can I build an effective investment portfolio? 3. How do I transition through the key financial life stages? 4. How do I protect myself from investment fraud? 5. How do I efficiently manage a transfer of wealth? This information is provided for educational and general marketing purposes only and should not be construed as a recommendation or suggestion as to the advisability of acquiring, holding or disposing of a particular investment, nor should it be construed as a suggestion or indication that the particular investment or investment course of action described herein is appropriate for any specific retirement investor. In providing this communication, Regions is not undertaking to provide impartial investment advice or to give advice in a fiduciary capacity. This information should not be relied on or interpreted as accounting, financial planning, legal or tax advice. Regions encourages you to consult a professional concerning your specific situation and visit irs.gov for current tax rules. Investment, Insurance and Annuity Products: Are Not FDIC Insured Are Not a Deposit May Go Down in Value Are Not Bank Guaranteed Are Not Insured by Any Federal Government Agency Are Not a Condition of Any Banking Activity

4 HOW TO GROW WEALTH COVER THE BASICS SAVE REGULARLY INVEST WISELY

5 REACHING YOUR WEALTH GOALS SIGN UP FOR AN AUTOMATIC SAVINGS PROGRAM REVIEW YOUR COMPANY 401(K) (IF OFFERED) AND CONSIDER OPTING IN PREPAY AN ADDITIONAL AMOUNT OF PRINCIPAL OWED ON YOUR MORTGAGE FIND AN UNNECESSARY EXPENSE AND ELIMINATE IT CLEAN UP CLUTTER BY SELLING UNUSED ASSETS WEALTH GOALS REPAIR SOMETHING INSTEAD OF REPLACING IT

6 BUILD YOUR INVESTMENT PORTFOLIO SAVE TOWARD RETIREMENT Begin a path toward investing Investigate your employer sponsored retirement plan Invest in a variety of assets Make regular, automatic investments Evaluate and adjust your plan annually

7 CONSIDERATIONS BEFORE INVESTING Decision Factors 1. How long do I have before I need the money? 2. How do I feel about risk? What about my spouse? 3. What types of investments interest me today?

8 PRIORITIZE OTHER FINANCIAL GOALS Set aside cash for emergency funds Pay off loans Start a college savings plan Acquire life or disability insurance

9 FINANCIAL LIFE STAGES GROWING & BUILDING LOOKING AHEAD REDEFINE YOUR LIFE EARN MONEY PLAN TRANSITION/ ENJOY What are my kids learning about money management from me? Am I financially prepared to handle emergencies that may arise? How much time and money can I afford to give back to my community and to help others? How much can I save for vacations and trips with extended family and friends?

10 FINANCIAL LIFE STAGES GROWING & BUILDING LOOKING AHEAD REDEFINE YOUR LIFE EARN MONEY Aim for balance Live for today Be thrifty Go charitable Know your direction PLAN TRANSITION/ ENJOY

11 FINANCIAL LIFE STAGES GROWING & BUILDING LOOKING AHEAD REDEFINE YOUR LIFE EARN MONEY Have a perfect credit score Pay off your mortgage Be debt-free Retire early Become a millionaire PLAN TRANSITION/ ENJOY

12 DO YOU WANT TO BE A MILLIONAIRE? regions.com/beamillionaire 16

13 INVESTMENT FRAUD

14 SIGNS OF POTENTIAL INVESTMENT FRAUD RED FLAGS If it sounds too good to be true, it is Guaranteed returns aren t But s/he seemed so trustworthy Everyone is buying it Pressure to send money right now Reciprocity Unscrupulous financial advisers Elder abuse

15

16 21 WHY IS WEALTH TRANSFER IMPORTANT?

17 WHAT ARE MY OPTIONS? Simple gifts Irrevocable life insurance trusts Grantor retained annuity trusts Income tax payments

18 what steps take? should I

19 CONGRATULATIONS TODAY, YOU HAVE LEARNED: How can I accumulate wealth effectively? How can I build an effective investment portfolio? How do I transition through the five key financial life stages? How do I protect myself from investment fraud? How do I efficiently manage a transfer of wealth? Thank you. Investment, Insurance and Annuity Products: Are Not FDIC Insured Are Not a Deposit May Go Down in Value Are Not Bank Guaranteed Are Not Insured by Any Federal Government Agency Are Not a Condition of Any Banking Activity

20 WANT TO LEARN MORE ABOUT HOW REGIONS CAN HELP YOU MEET YOUR FINANCIAL GOALS? To make an appointment with a local Regions banker: Private Wealth Advisor: Name, phone Financial Wellness Relationship Manager: Name, phone Financial Advisor: Name, phone Mortgage Loan Officer: Name, phone Branch Manager: Name, phone

21 LEARN MORE ABOUT MEETING YOUR FINANCIAL GOALS 1 Make an appointment with a Regions banker: Call the Regions Green Line at REGIONS Go to regions.com and click Make an Appointment Visit any Regions branch 2 Visit the Next Step Financial Learning Center for free, online interactive videos: Regions.com/learn 3 Use our online resources including articles, videos, and calculators: Regions.com/nextstep