Financial Planning 101 Investment Advisory Services offered through Investment Advisor Representatives of MetLife Securiti...
Financial Planning Profession and Industry Overview <ul><li>Financial Planner profession description </li></ul><ul><li>Ind...
<ul><li>Where are you today? </li></ul><ul><li>Where do you want to go? </li></ul><ul><li>How do you get there? </li></ul>...
The Planning Process <ul><li>Get organized </li></ul><ul><li>Analyze and compare financial resources against goals </li></...
What Are Your Priority Goals?
What Are Your Priority Goals?
What Are Your Priority Goals?
How Are You Going to Achieve Your Goals? <ul><li>Current assets </li></ul><ul><li>Additional savings and investments </li>...
An Illustration of Goal Achievement $100,000 Goal in 20 Years: Monthly Contributions Assuming an 8% return in a tax-deferr...
What Are the Benefits of Financial Planning? <ul><li>Set your goals and prioritize them </li></ul><ul><li>Have a plan to ...
Getting Yourself Organized <ul><li>Personal statement of net worth </li></ul><ul><li>Income and expense statement </li></ul>
Personal Balance Sheet <ul><li>Assets </li></ul><ul><ul><li>Savings </li></ul></ul><ul><ul><li>Investments* </li></ul></ul...
Three Ways to Increase Your Net Worth <ul><li>Save or invest more money </li></ul><ul><li>Pay down debts </li></ul><ul><li...
Income & Expense Statement <ul><li>Income </li></ul><ul><ul><li>Salary </li></ul></ul><ul><ul><li>Savings and investment e...
Income & Expense Statement: Example <ul><li>Monthly Income </li></ul><ul><li>Wife - $2,900 </li></ul><ul><li>Husband - ...
Impact of Taxes: Tax Deferred Vs. Taxable $10,000 investment that assumes a 28% tax bracket; does not take any other taxes...
<ul><li>$10,000 @ 3% interest = $10,300 </li></ul><ul><li>3% inflation - 309 </li></ul><ul><li>25% Federal tax - 75 </...
In Summary <ul><li>Recognize that financial planning is a process, not a product. It can help you to: </li></ul><ul><ul><l...
Pursuant to IRS Circular 230, MetLife is providing you with the following notification: The information contained in this ...
Thank you for attending today’s seminar!
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Naf.seminar.09

Published on: Mar 3, 2016
Source: www.slideshare.net


Transcripts - Naf.seminar.09

  • 1. Financial Planning 101 Investment Advisory Services offered through Investment Advisor Representatives of MetLife Securities, Inc. (MSI), 200 Park Avenue, New York, NY 10166, a Registered Investment Advisor. MSI is a MetLife, Inc. company L0609046410[exp0510][AZ]
  • 2. Financial Planning Profession and Industry Overview <ul><li>Financial Planner profession description </li></ul><ul><li>Industry Changes / Trends </li></ul><ul><li>Employment / Earnings </li></ul><ul><li>Job Outlook </li></ul><ul><li>Education / Training </li></ul><ul><li>Qualifications / Skill Sets </li></ul><ul><li>Certifications / Advancement </li></ul><ul><li>Resources </li></ul>
  • 3. <ul><li>Where are you today? </li></ul><ul><li>Where do you want to go? </li></ul><ul><li>How do you get there? </li></ul>What Is Financial Planning?
  • 4. The Planning Process <ul><li>Get organized </li></ul><ul><li>Analyze and compare financial resources against goals </li></ul><ul><li>Develop personalized, written analysis </li></ul><ul><li>Evaluate recommendations and alternatives </li></ul><ul><li>Put the plan into action (implementation) </li></ul><ul><li>Keep the plan up-to-date </li></ul>
  • 5. What Are Your Priority Goals?
  • 6. What Are Your Priority Goals?
  • 7. What Are Your Priority Goals?
  • 8. How Are You Going to Achieve Your Goals? <ul><li>Current assets </li></ul><ul><li>Additional savings and investments </li></ul><ul><li>Earnings and compound earnings </li></ul>
  • 9. An Illustration of Goal Achievement $100,000 Goal in 20 Years: Monthly Contributions Assuming an 8% return in a tax-deferred vehicle. $175 $264 $422 $752 $1,774 Note: Hypothetical example for illustrative purposes only. Does not represent an investment in any a specific product. This chart does not take into account product Charges, fees or expanses and does not account for inflation. If it did, the monthly contribution amount would need to be increased .
  • 10. What Are the Benefits of Financial Planning? <ul><li>Set your goals and prioritize them </li></ul><ul><li>Have a plan to help you achieve your goals </li></ul><ul><li>Learn to have more financial control and to take advantage of investment opportunities </li></ul><ul><li>Prepare for the unexpected </li></ul><ul><li>Develop solid financial strategies </li></ul><ul><li>Get professional direction every step of the way </li></ul><ul><li>Work toward financial security for your: </li></ul><ul><ul><li>Estate (wills, trusts, tax issues, etc.) </li></ul></ul><ul><ul><li>Retirement plans </li></ul></ul><ul><ul><li>Employee Benefits </li></ul></ul>
  • 11. Getting Yourself Organized <ul><li>Personal statement of net worth </li></ul><ul><li>Income and expense statement </li></ul>
  • 12. Personal Balance Sheet <ul><li>Assets </li></ul><ul><ul><li>Savings </li></ul></ul><ul><ul><li>Investments* </li></ul></ul><ul><ul><li>Home* </li></ul></ul><ul><ul><li>Personal property </li></ul></ul><ul><ul><li>Retirement plans </li></ul></ul><ul><ul><ul><li>*Market Value </li></ul></ul></ul><ul><li>Liabilities </li></ul><ul><ul><li>Mortgage balance </li></ul></ul><ul><ul><li>Credit card balances </li></ul></ul><ul><ul><li>Personal loans </li></ul></ul><ul><ul><li>Vehicle loans </li></ul></ul><ul><ul><li>Other debts </li></ul></ul>
  • 13. Three Ways to Increase Your Net Worth <ul><li>Save or invest more money </li></ul><ul><li>Pay down debts </li></ul><ul><li>Increase asset value through appreciation or reinvestment </li></ul>
  • 14. Income & Expense Statement <ul><li>Income </li></ul><ul><ul><li>Salary </li></ul></ul><ul><ul><li>Savings and investment earnings </li></ul></ul><ul><ul><li>Self-employment </li></ul></ul><ul><ul><li>Social Security and pensions </li></ul></ul><ul><li>Expenses </li></ul><ul><ul><li>Housing </li></ul></ul><ul><ul><li>Transportation </li></ul></ul><ul><ul><li>Food and clothing </li></ul></ul><ul><ul><li>Medical and insurance </li></ul></ul><ul><ul><li>Discretionary </li></ul></ul><ul><ul><li>Personal </li></ul></ul><ul><ul><li>Income and employment taxes </li></ul></ul>
  • 15. Income & Expense Statement: Example <ul><li>Monthly Income </li></ul><ul><li>Wife - $2,900 </li></ul><ul><li>Husband - 2,900 </li></ul><ul><li>Interest on </li></ul><ul><li>Savings - 200 </li></ul><ul><li>Total - $6,000 </li></ul><ul><li>Monthly Expenses </li></ul><ul><li>Food $ 725 </li></ul><ul><li>Clothing 380 </li></ul><ul><li>Personal Care 75 </li></ul><ul><li>Housing 1,240 </li></ul><ul><li>Transportation 400 </li></ul><ul><li>Discretionary 350 </li></ul><ul><li>Misc. income and </li></ul><ul><li>employment taxes 770 </li></ul><ul><li>Total $4,200 </li></ul>Discretionary cash flow: $1,800 per month
  • 16. Impact of Taxes: Tax Deferred Vs. Taxable $10,000 investment that assumes a 28% tax bracket; does not take any other taxes into consideration . Hypothetical example, for illustrative purposes only. Does not represent an investment in any specific product. *The $14,326 will be taxable at your federal and, if applicable, state rates upon withdrawal. $14,326* Difference!
  • 17. <ul><li>$10,000 @ 3% interest = $10,300 </li></ul><ul><li>3% inflation - 309 </li></ul><ul><li>25% Federal tax - 75 </li></ul><ul><li>____________________________ </li></ul><ul><li> $ 9,916 </li></ul><ul><li>Real return = -.991% </li></ul><ul><li>*Does not consider any state, local, or other taxes that may be applicable. </li></ul>Real Rate of Return*
  • 18. In Summary <ul><li>Recognize that financial planning is a process, not a product. It can help you to: </li></ul><ul><ul><li>Determine where you are today and where you want to be in the future </li></ul></ul><ul><ul><li>Get organized with a personal statement of net worth and income and expense statement </li></ul></ul><ul><ul><li>Increase your net worth through new savings, paying down debt, and realizing appreciation on your assets </li></ul></ul><ul><ul><li>Invest discretionary cash flow systematically for the future </li></ul></ul><ul><ul><li>Take into account both inflation and taxes </li></ul></ul>
  • 19. Pursuant to IRS Circular 230, MetLife is providing you with the following notification: The information contained in this document is not intended to (and cannot) be used by anyone to avoid IRS penalties. This document supports the promotion and marketing of financial products and services. You should seek advice based on your particular circumstances from an independent tax advisor. MetLife, its affiliates, agents, and representatives may not give legal or tax advice. Any discussion of taxes herein or related to this document is for general information purposes only and does not purport to be complete or cover every situation. Tax law is subject to interpretation and legislative change. Tax results and the appropriateness of any product for any specific taxpayer may vary depending on the facts and circumstances. You should consult with and rely on your own independent legal and tax advisers regarding your particular set of facts and circumstances.
  • 20. Thank you for attending today’s seminar!

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