Retirement Planning Today
Why Financial Education Is Important
Due to recent tax law changes, an uncertain future for Social Security and the shift toward employee-directed retirement plans, the need for sound financial strategies has never been greater. In straightforward language, this financial seminar explains time-tested strategies that help you to make informed financial decisions. Whether your objective is to build a nest egg, protect your assets or preserve your lifestyle throughout retirement, this course helps you plan your future with confidence.
By attending Retirement Planning Today®, you learn about the many ways to save for retirement as well as the advantages and disadvantages of each. You discover how to save money on taxes, manage investment risks and protect your assets from potential long-term health care expenses.
Who Should Attend
Retirement Planning Today® contains something for everyone. We address financial issues that pertain to the self-employed as well as employees of corporations and government agencies.
The event is designed to teach you how to build wealth and align your money with your values to accomplish your goals in life. Whether you plan to retire 20 years from now or have just recently retired, the information you learn in this class can deliver rewards throughout your lifetime.
Above all, this seminar shows you how to assess your financial situation and developed a personalized financial plan to help you achieve your retirement goals.
What do you want to accomplish during your retirement years? Travel? Volunteer or work part-time? Pursue hobbies? To financially prepare for your retirement, you need a clear idea of your retirement and lifestyle goals. This event begins with quick, individual exercises to help you begin thinking about non-financial retirement planning.
Today, many pre-retirees see themselves living their retirement years in a much different way than their parents did. As a result, the planning process has changed in many ways.
Needs & Expenses
What are your retirement expectations? According to the Employee Benefit Research Institute, 49% of workers are very or somewhat confident they will have enough money to “live comfortably” throughout retirement. However, only 42% had actually tried to calculate how much they would need to save!
This event contains exercises to help you determine how much money you will need to retire in the future. If you are quickly approaching retirement, we examine whether you can retire today based on the annual income you desire.
Roadblocks and Mistakes
In this section we will highlight 10 of the biggest retirement planning mistakes we see and ways to avoid them. The highlight of this section is 11 strategies for saving money on this year’s taxes.
Due to market volatility over the last decade, this section focuses on ways to help manage investment risk, and six important considerations to understand before you invest. This event helps you evaluate your risk tolerance and how you feel about money. We discuss the importance of aligning your investment behavior with your attitudes, risk tolerance and goals. Since taxes may be your largest investment expense, special emphasis is placed on maximizing the tax-efficiency of your investment returns.
Cutter Financial’s core belief is that if you manage the downside, you can better focus on your upside potential.
This section investigates the many ways to save for retirement and discusses the advantages and disadvantages of each. You will learn whether it makes sense to convert your IRA to a Roth IRA, and if so, if it may be to your advantage to make the conversion over one or multiple years. Finally, we look at employer- sponsored retirement plans and Social Security benefits to examine important choices you must make.
This expanded section addresses the crucial decisions people must make about their retirement plans when they actually retire. In most cases, these decisions cannot be reversed. We discuss strategies that allow you to take money out of your retirement plans while maintaining financial flexibility during retirement. Above all, we compare retirement plan distribution choices to help you make an informed decision. You will also learn strategies designed to help minimize taxes on your retirement income and avoid tax penalties of up to 50% on required minimum distributions. Finally, we explain rules for early access to your retirement funds.
Estate planning isn’t just about money and includes much more than planning for your death. It involves personal decisions that affect you, your family and loved ones even while you are still living. As a result of recent tax law changes, estate planning is a moving target. We discuss how to plan for today and for your future.
You will learn strategies and techniques designed to help minimize or even eliminate income, gift and estate taxes, expenses, delays, legal challenges, and a shortage of liquid assets following your death. We also address the different ways to hold joint ownership of property (or other assets) based on your situation.
This section addresses strategies designed to protect you from a large financial loss prior to or during retirement. You learn what questions to ask before buying insurance coverage. We investigate many aspects of long-term health care including the chances you will need it, how much it can cost, who should purchase insurance and alternatives to purchasing coverage. We also compare the different types of life insurance and discuss how to select coverage so you and your family can make an informed decision.
Class Schedule & Information
*By attending one of these events, you may be contacted for a discussion of insurance and/or investment products.