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RETIREMENT: HOW IT WORKS
Where do most people save for Retirement?
The tax treatment of the products discussed within this presentation are based on our current understanding of tax laws, which are subject to change.
Such information is presented for educational purposes only, and should not be relied upon as professional tax
advice. WE DO NOT GIVE TAX OR LEGAL ADVISE.
You Need to Know…
WHEN CAN YOU AFFORD TO SAVE FOR RETIREMENT?WHEN CAN YOU AFFORD TO SAVE FOR RETIREMENT?
You CAN NEVER Afford To SAVE UNLESS You WANT TO!You CAN NEVER Afford To SAVE UNLESS You WANT TO!
35 - House35 - House
45 - Kid’s College45 - Kid’s College
55 - Not Too Late55 - Not Too Late
Midlife Crisis- 40 Midlife Crisis- 40
50 - Vacation50 - Vacation
30 - Car30 - Car
20 - Party20 - Party 25 - Diapers25 - Diapers
The Time To SAVE is The Time To SAVE is NOWNOW!!!!!!The Time To SAVE is The Time To SAVE is NOWNOW!!!!!!
WHAT IS YOUR NUMBER?
20
REQUIRED MONTHLY $AVING$ TO AGE 65...
$4,881.30
$3,000Age $5,000
30
40
50
60
$68.00
$156.36
$377.13
$1,036.48
$113.33
$260.59
$628.55
$1,727.47
$8,135.51
20 YEARS OF MONTHLY RETIREMENT INCOME FROM AGE 66 - 85 @ 8% ASSUMED RATE
$7,000
$158.66
$364.83
$879.98
$2,418.46
$11,389.71
THE FIVE RETIREMENT GOTCHA’S• PROCRASTINATION : ENEMY#1
• FEE’S : ARE EXCESSIVE AND HIDDEN FEE’S ACCEPTABLE ?
• MARKET RISK : ASSETS AT RISK…DOES IT MAKE SENSE ?
• HEALTH RISK : FULLY FUNDED ?
• TAXES : 16 TRILLION ON DEBT, WHO IS GOING TO PAY FOR IT?
8
IS THE 401K REALY THE BEST PLACE TO PUT YOUR RETIREMENT NEST EGG?
“The ugly truth, is that the 401(k) is a LOUSY PRODUCT, a FINANCIAL FLOP...”
October 19, 2009
What if you have a way to "OPT OUT" of the Tax System,PAY LOWER FEES & NEVER EVER LOSE money again?
HIGH FEES!!HIGH RISK!HIGH TAXES!!!
THE SECRET OF THE ULTRA-RICH...
Four Phases ofFour Phases ofRETIREMENT PLANNINGRETIREMENT PLANNING
Contribution Accumulation Withdrawal Transfer
Tax Favore
d
Tax Favor
ed
Taxed Taxed
AfterTax
Tax Favor
ed
Income Tax Free
Income Tax Free
DOES IT MAKE SENSE TO DEFER TAXES, AND DOES IT MAKE SENSE TO DEFER TAXES, AND POSSIBLY PAY MORE LATER? POSSIBLY PAY MORE LATER?
WHAT IF YOU LIVE LIFE INSURANCE
INDEX UNIVERSAL Life Insurance You Don’t Need to Die to Use!
WHY DO YOU BUY LIFE INSURANCE?
FEG INSURANCE SERVICES
LIVING BENEFITS
In case you die! In case you LIVE!
LIVING BENEFITS: Does your life insurance policy do this?
Critical IllnessHeart Attack, Stroke, Cancer, Major Organ
Transplant, Blindness, Lou Gehrig's Disease, End Stage Renal Failure
Chronic IllnessUnable to perform 2 of the 6 daily living
activities or Cognitive Impaired Lifetime Income
Once activated, GURANTEED INCOME FOR LIFE & POLICY WILL NEVER LAPSE!!! ( not available
with all insurance companies )
At NO ADDITIONAL PREMIUM
Living Benefits…Critical IllnessThe Average Age of a Heart Attack, Stroke or Cancer is
43. Most WILL SURVIVE AND MANY WILL GO BANKRUPT!!!
Over 62.1% of all BK’s are due to Medical Expenses , 78% of them had Health Insurance.
Million’s American’s will SURVIVE a Heart Attack Stroke or Cancer and CANT EARN INCOME!
Most American’s will experience a Heart Attack, Stroke or Cancer by the age of 65. ARE YOU COVERED?
Why Should YOUR FAMILY Wait UNTIL IT IS TOO LATE?
Living Benefits…Chronic IllnessMost American’s cannot afford, or don’t want to
afford Long Term Care Insurance ( 90% ).
70% of people will require at least some type of Long Term Care.
Over 40% will need care in a Nursing Home, and the average stay is now 2.9 years.
At an average cost of $219 per day, that’s$6,570.00 / MONTH…where’s the money going to come from?
ARE YOU COVERED?
Why Should YOUR FAMILY Wait UNTIL IT IS TOO LATE?
IT’S YOUR CHOICE
Two hundred thousand dollars
Heart Attack, Stroke or Cancer
200,000
CRITICAL/CHRONIC ILLNESS
A CARD OR A CHECK
Up to $1,500,000 will vary by insurance carrier
This LIVING BENEFIT CHECK Saved This LIVING BENEFIT CHECK Saved this Family from Financial Devastation... this Family from Financial Devastation...
OUR SOLUTION...Critical Illness - Heart Attack, Stroke, Cancer, Blindness...Chronic Illness - Unable to perform 2 of 6 ADL’S: Bathing, Continence, Dressing, Eating, Toileting, Transferring.
$100,000 401K Retirement
Average Qualified Plan Our INDEX U/L Alternative
Market Drops 50% = $50,000
Real Estate Values Drop 30%
Need $30,000 for Income
Take $45,000 before Tax
Taxes 33 1/3% $15,000 = $5,000
10% Penalty of $4,500 = $500 $500 Left (before state
penalty)
Market Drops 50% = $100,000
Real Estate Values Drop 30%
Take $30,000 for Income = $70,000
Taxes 0% = $70,000
No Penalty = $70,000
$70,000 left
401K/IRA DISASTER
$250,000 Living Benefit
IT’S YOUR CHOICE
Two hundred thousand dollars
Heart Attack, Stroke or Cancer
200,000
CRITICAL/CHRONIC ILLNESS
IS YOUR IRA/401K or CURRENT LIFE INSURANCE
POLICY GOING TO TAKE CARE OF YOU?
Up to $1,500,000 will vary by insurance carrier
THE ULTIMATE LIVING BENEFIT Retirement Income
Are you Concerned about OUTLIVING YOUR INCOME, 401K FEE’s, and MARKET RISK DURING DISTRIBUTION? YOU SHOULD BE!
Will Social Security be there? What will the MULTI TRILLION DOLLAR DEFICIT DO TO OUR ECONOMY?
Are you interested in an Income THAT YOU CANNOT OUTLIVE…GUARANTEED?
Retirement Income Security
IT’S YOUR CHOICE
LIFE TIME INCOME GUARANTEED
??????YOUR… RETIREMENT
Your Income… FULLY TAXED at Retirement?
Retirement Income Check…Guaranteed?
THE POWER OF INDEXING
INDEX UNIVERSAL LIFE… GAINS LINKED TO THE S&P, WITHOUT THE RISK…TOO
GOOD TO BE TRUE?
Revolutionary Life Insurance You Don’t Need to Die to Use!
SafetyGuaranteed not to Lose Guaranteed not to Lose Annual Compounding, No Downside RiskAnnual Compounding, No Downside Risk
Return on InvestmentSubject to Gain or LossSubject to Gain or LossRisk of Loss for the hope of High Rate of Risk of Loss for the hope of High Rate of
ReturnReturnWHAT IF YOU COULD HAVE THE WHAT IF YOU COULD HAVE THE
BEST OF BOTH WORLDS?BEST OF BOTH WORLDS?
ARE YOU WILLING TO TAKE A ARE YOU WILLING TO TAKE A RISK WITH YOUR RETIREMENT?RISK WITH YOUR RETIREMENT?
TAX DEFERRED VS. TAX-FREE(35 YEAR OLD MALE $500/MONTH...)
IRA / 401K INDEX ULCumulativeContributions to Age 65
Cumulative After Tax Yearly Income of $82,258 Beginning Age 66
$180,000 tax deductible
$180,000 not tax deductible
$459,490
$2,151,926$2,061,259
$2,879,030
0 Account Value @ Age 100
Death Benefit to Beneficiary
Account is Depletedin 6 Short Years
Cash Flow Continue to Age 120
To Age 72 To Age 100
INDEX UNIVERSAL LIFE:“STOP THINKING OF LIFE
INSURANCE AS AN EXPENSE AND START THINKING OF IT AS A
PORTFOLIO ASSET, JUST LIKE REAL ESTATE, STOCKS AND BOND
S”
A Solution to Fit any Budget!!!
Index U/L GUL Term
Income Tax Free D/B Income Tax Free D/B
Critical Illness Critical Illness
Chronic Illness Chronic Illness
INCOME AT RETIREMENT NO INCOME
YOU OWN IT/OVERFUND YOU OWN IT
Income Tax Free D/B
Critical Illness
Chronic Illness
CONVERTIBLE
YOU RENT IT
A SOLUTION FOR EVERY FAMILY
Withdrawals may be subject to surrender penalties imposed by the company. Amounts withdrawn may also be subject to tax liability or tax penalties. Partial surrenders and loans may affect policy values and death benefits.
This material has been prepared for informational and educational purposes only. It is not intended to provide, and should not be relied upon for, accounting, legal, tax or investment advice.
Life insurance products are products of the insurance industry and are not guaranteed by any bank, federal agency, nor insured by the FDIC.
FEG INSURANCE SERVICESDISCLOSURES