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Location- Stoney River Legendary Steaks, Franklin TN
Sponsor- Southern Financial Group- MetLife
Subject- Will You Have Enough to Retire?
Speaker- Tim Jefferson, CFP
Immediate Pressure- None
Appointment- The guests were given sn opportunity to schedule a free office consultation with Mr. Jefferson.
Topic- Will you have enough to retire? Don't reach retirement unprepared. This educational seminar will help you.
Three keys to funding a comfortable relationship
Determine your needs
Protect your nest egg
I)-Determine your needs
How much money will you need- The amount of money that you'll need in order to live comfortably throughout retirement will depend on a number of factors specific to your personal situation.
A-Retirement age- Workers generally retire later than they'd planned.
B- Length of retirement- Life expectancies are stretching considerably.
C-Health Care Needs- Cost of HC needs been increasing faster than rate of inflation
D-Inflation- The Silent Killer
E-Lifestyle- Your retirement lifestyle will have an impact on your retirement plans.
F-How much will you need to retire-Gave us helpful worksheet & charts.
How will you get there? Both tax-deferred investments and taxable investments
A- Diversification- Involves investing in different asset classes and investment vehicles to limit possible loss exposure.
B- Asset Allocation- A systematic approach to diversification that determines an efficient mix of assets for any given investor. No boilerplate here!!
1-Investment objectives- What are you trying to achieve by investing?
2-Time frame- Accumulation phase, preservation phase, distribution phase. Folks in retirement are in distribution phrase.
3-Risk Tolerance- Generally, the more potential for growth increases risk it carries. Gives us an excellent risk tolerance chart.
C- Dollar cost averaging- investing set sum of money over time to accumulate funds over time.
Protect your Nest Egg-
I)Start Saving Now- Starting saving today can pay off later- big time.
II)Re-balance Regularly- Do it once a year.
How Whole Life Insurance Works ***
Long Term Care
Meal- I selected the house salad with both jack and cheddar cheese, the 14 oz ribeye steak and, served family style, grilled asparagus, sauteed mushrooms garlic mashed potatoes. Desert consisted of Stoney River's classic cheesecake and decadent fudge cake. I also had Stoney River's freshly brewed coffee but wine was available upon request.
The speaker, Tim Jefferson, delivered an excellent presentation on the economic factors to consider when entering retirement and never tried to sell us an annuity. A winning presentation!!!!!!