age based planning 2013

Digital Financial Planning for DentistsTM

Timothy J. McNeely CFP® CIMA®

18919 Nordhoff St., Suite 6C

Northridge CA 91324

888-300-8003 ||818-534-4949

[email protected]

mcneelyfs.com

1

©2012 Raymond James Financial Services, Inc., member FINRA/SIPC. Securities offered through Raymond James Financial Services, Inc., member FINRA/SIPC.

mailto:[email protected]

Digital Financial Planning for DentistsTM2

PLANNING FOR A LIFETIME

LAYING THEFOUNDATION

GROWING YOUR ASSETS

MAKING THE TRANSITION

SPENDING YOUR MONEY WISELY

LOOKING TO THE FUTURE

LIFETIME PLANNING STAGES



3

Life is a long journey. This is how we’ll ensure yours – at each new stage,

through every financial challenge and opportunity – is well planned.


LAYING THE FOUNDATION

GROWING YOUR ASSETS


SPENDING YOUR MONEY

WISELY




The most important step in financial planning

is simply to start. And the earlier you start the

better your chance of building a solid financial

foundation that can grow with you and

support your near-term needs and long-term

goals. As you begin planning, these are the

challenges you’ll face and how we can help

you solve them.

LAYING THE FOUNDATIONBALANCING PRIORITIES AND MAKING PLANS


GROWING YOUR ASSETS


SPENDING YOUR MONEY

WISELY




Managing and eliminating debt

We’ll encourage you to stick to your plan to avoid accruing new debt and help you structure a plan to systematically pay down existing debt.

Planning for near-term goals

We’ll help you quantify and prioritize your more immediate needs and wants, like starting a family, taking a vacation or buying a car.

Preparing for unforeseen expenses

We can assist you with starting an emergency fund with three to six months’ worth of living expenses, at minimum.

Maintaining an appropriate balance between spending and saving

We’ll help you create a sustainable plan in which you spend less than you earn and direct savings toward important goals.



With your financial plan in place, now you can focus your efforts on accumulating the funds that will support you, your family, your career and your future. At this point in the planning

process, you’re likely nearing the peak of your earning potential, so make the most of it and

keep these challenges in mind.

GROWING YOUR ASSETSACCUMULATING FUNDS AND

MAXIMIZING POTENTIAL


GROWING YOUR ASSETS


SPENDING YOUR MONEY

WISELY



GROWING YOUR ASSETS

Managing your competing needs and goals

We’ll work with you to prioritize your goals and plan accordingly, while always being thoughtful about your current lifestyle choices versus future wants.

Planning for retirement

We’ll make your retirement our first priority – ensuring you are taking full advantage of savings vehicles, particularly tax advantaged accounts available to you through your employer and Raymond James.

Planning for college

We’ll help explain and evaluate all of your and your child’s education funding options – from savings plans to scholarships.


GROWING YOUR ASSETS (CONTINUED)

Maximizing your employer benefits

We’ll be sure to help make good decisions and factor your retirement, medical, life and disability benefits into your overall planning.

Managing risk

We’ll work with you to mitigate volatility in your portfolio, identify risks and assist you with finding the appropriate insurance where needed (renters/homeowners, health, life, disability, etc.).

Selecting appropriate investments

We have access to a wide variety of investments when designing portfolios for our clients and – with the support of Raymond James research and due diligence, and our own analysis and understanding of your needs – we choose investments best suited to your needs, constraints, obligations and goals.



As you move closer to retirement, your priorities will shift again and new concerns may arise.

Your planning should shift as well, from accumulation to distribution. Now’s the time to

begin developing a sensible strategy for how you’ll spend money in retirement and how you’ll

continue generating income in the years ahead.

MAKING THE TRANSITIONSHIFTING STRATEGIES AHEAD


GROWING YOUR ASSETS


SPENDING YOUR MONEY

WISELY




Keeping your retirement plan on track

We’ll work with you to maximize contributions, consider your rollover options and create strategies for distribution.

Preparing for the transition into retirement

We’ll estimate when you expect to retire and begin mapping out your “exit strategy” well in advance of that date.

Maximizing government benefits

We’ll help explore your options with regard to programs like Social Security and Medicare to help ensure you’ll get the most from them, and integrate them into your overall retirement income plan.


MAKING THE TRANSITION (CONTINUED)

Caring for an elderly parent

Should the need arise, we can help you assess and manage your parent’s finances, as well as help explore and maximize available public resources such as Medicaid.

Assisting adult children

We’ll work with you to ensure you can help your children without hurting yourself, helping you determine what you can do without adversely impacting your own plans.

Streamlining your finances

We can help you consolidate your investments and other financial accounts wherever possible to build a simplified process for managing cash flow.


MAKING THE TRANSITION (CONTINUED)

Dealing with health issues

We’ll work with you to incorporate healthcare expenses, Medicare, long-term care and emergency planning into your overall financial plan.

Starting to plan a legacy

We’ll coordinate with you and your other professionals to help create a will and incapacity documents, and begin discussing your wishes for estate distribution and charitable giving.

Making the most of your resources

We’ll help you determine the best methods for maximizing any pension, Social Security or other income you expect to receive.


ESTABLISHING YOUR LONG-TERM PLAN

13

There are a lot of decisions and trade-offs facing you as you consider your next phase of life. What are your goals for retirement, how much income will you need, what do you want to do with your money and your time? What benefits can you expect? What about your health?

Retirement is all about making good decisionsThis is a great point to identify and record your goals

Are you in the Confidence Zone?

We have the tools and resources to ensure that you understand your choices and how they can impact your confidence in a secure retirement.


STARTING THE PLAN

14

One of the best ways to ensure that you achieve a goal is to write it down. The same applies to financial goals. We have tools and resources to help you get started.

The process can be relatively easy:

1. Identify your goals (needs) and expenses (wants)

2. Identify your assets and income sources

3. Use our interactive tool in collaboration with your advisor

4. Analyze the likelihood of reaching those goals

5. Create an action plan to give you confidence



It’s time to retire – to start reaping the rewards of all your hard work. But it’s also a

critical period in your financial planning process. You’ll soon have the dual

responsibilities of spending and preserving the funds you’ve accumulated. So, while you

should certainly enjoy this time, don’t forget you still have some important

things to consider.

SPENDING YOUR MONEY WISELYAchieving goals and conserving resources


GROWING YOUR ASSETS


SPENDING YOUR MONEY

WISELY



SPENDING YOUR MONEY WISELY

Knowing when you’re ready

We’ll continually monitor your progress – reviewing your portfolio and other accounts as well as the income you can expect from other sources to help determine when the time is right for you to officially retire.

Making a successful transition

We’ll encourage you to lay out a solid plan for how you’ll spend your time post-retirement, beginning immediately after your retirement date.

Preparing for the unexpected

You face the risk of many unforeseen costs in retirement. We can help identify and plan for key unknowns, such as the potential need for long-term care.


SPENDING YOUR MONEY WISELY (CONTINUED)

Generating income in retirement

We’ll shift the strategy behind your portfolio from one driven by generating returns to one designed to generate consistent income and preserve wealth, while keeping up with inflation.

Staying disciplined

We’ll work with you to develop and stick to a sustainable spending policy that differentiates your needs from your wants and is designed to make your money last through retirement.

Maintaining open communication

A collaborative, ongoing process is essential to achieving a comfortable retirement. We’ll work hard to communicate frequently to ensure you are on the right track.



By now, you’ll hopefully be in a good place – you’ll have adjusted to a new pace and

lifestyle, and you’ll have more time to focus on things beyond the day to day. This is

when you should start looking at the biggest of big pictures: your legacy.

LOOKING TO THE FUTURELiving well and making an impact


GROWING YOUR ASSETS


SPENDING YOUR MONEY

WISELY




Protecting your wealth

We’ll review your existing coverage to make sure you’re well protected and explore insurance strategies that can help to preserve your assets.

Ensuring your wealth ends up where you want it to

We’ll collaborate with your other professional advisors to develop a coordinated estate planning strategy that outlines to whom, where and how you want your assets distributed.

Leaving a lasting impact

With your help, we’ll identify the causes you care about most and create a generous, tax-advantageous giving strategy.

Sharing your plans with the people in your life

We’ll encourage you to share your plans with your family to ensure everyone is aware of your intentions.


As you look to the future, there are a lot of unknowns, and the key to successful planning is making sure that the plan is flexible enough to withstand the unexpected. We can evaluate your personal plan for its sensitivity

to changes in many of the different risks that can impact your chances of achieving your goals.

TESTING YOUR PLAN

20

Stress testing your plan against key risk factors can help move you into “The Confidence Zone.”

Spending and WithdrawalsSpending beyond your means

Wants vs. needs

Sustainability of withdrawals

Impact of spending behavior

LongevityOutliving your money

Long retirement horizons due to longer life expectancies

Outliving assets

InflationThings cost more over time

Erodes the value of savings and reduces returns

Healthcare inflation 6+%Source: U.S. Bureau of Labor Statistics

Market RisksCan’t control the markets

Uncertain returns and income

Return sequence

Asset allocation and location

Unknowns “What if …”

Long-term care needs Potential disability Medical expenses Early death of a spouse Unexpected expenses


REVISIT YOUR PLAN REGULARLY

The future is a long time, and part of staying in the confidence zone is about flexibility and

adapting your goals to your personal situation. We have collaborative tools that let you

keep track of your plan and track your progress toward your individual goals.

Identify your goals (needs) and expenses (wants)

Identify your assets and income sources

Use our interactive tool in collaboration with your advisor

Analyze the likelihood of reaching those goals

Create an action plan to give you confidence


98 consecutive quarters of profitability

RAYMOND JAMES AT A GLANCE

BY THE NUMBERS

Updated 7/26/2012. The data provided is for informational purposes only and is not a solicitation to buy or sell Raymond James Financial stock. Past performance may not be indicative of future results. Please note that fees and charges will reduce an investor’s return. Investing involves risk including the potential loss of capital. SmartMoney does not endorse any product or service of Raymond James. The survey criteria included performance of recommended stocks, customer satisfaction, and user-friendliness of account statements and websites. The S&P 500 is an unmanaged index of 500 widely held securities. An investment cannot be made directly in the index. Fortune magazine does not endorse any product or service of Raymond James. The Wall Street Journal does not endorse, sponsor or approve the investment programs of Raymond James. The Wall Street Journal survey identifies the top five analysts across various industry categories, basing the awards on stock-picking skill.

STRENGTH AND STABILITY HONORS AND ACCOLADES

2011 Total Revenue – By Business Unit

Earnings Per Share – Trailing 10 Years

More than 10,000 associates

worldwide

Over 6,000 financial advisors

Over 2,500 locations(United States, Canada and abroad)

2 million client accounts

Approximately $375 billion in client assets

Approximately $40 billion managed by our subsidiary asset managers

Despite the financial turmoil of the past few years, Raymond James has delivered 98 consecutive quarters of profitability, reinforcing its reputation as a pillar of stability for our advisors and their clients. We believe that success has a lot to do with the firm’s unwavering commitment to its founding core values of putting clients first, conservatism, independence and integrity.

In March 2012, Fortune magazine ranked Raymond James Financial the fourth most

admired securities company in the world for the second year in a row. The survey involved

698 companies from 32 countries. Judging was based on attributes such as quality of

management, products, services and social responsibility.

In May 2011, SmartMoney named Raymond James the best full-service broker in its 2011 Annual Broker Survey for the third time in four years. In fact, Raymond James

was one of only two full-service brokers in the survey whose model portfolios beat the

S&P 500.

In April 2011, The Wall Street Journal ranked seven Raymond James analysts as

Master Stock Pickers for 2010as part of its 19th annual

“Best on the Street” survey.

age based planning 2013

Economy & Finance