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F INANCIAL PRE PARE DNE SS AND E ST AT E PL ANNING Wha ts - - PowerPoint PPT Presentation
F INANCIAL PRE PARE DNE SS AND E ST AT E PL ANNING Wha ts - - PowerPoint PPT Presentation
F INANCIAL PRE PARE DNE SS AND E ST AT E PL ANNING Wha ts in YOUR wa lle t? No powe r ? No inc ome ? No c r e dit? E me r ge nc ie s? E SCAPE E me r ge nc y Stash of Cash Ac c e ss Plan, E h? Good =
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E SCAPE – E me r ge nc y Stash of Cash Ac c e ss Plan, E h?
Good = $20 (in phone c ase ) Be tte r
= $1,000 (2 we e ks? Stor e whe r e ?)
Be st = 3 months c ash e xpe nse s E
xtr e me ly fantastic = 6 months e xpe nse s
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CHOICE S YOU MAKE SAVE OR COST YOU MONE Y
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T he Po we r
- f Simply
Saving a L ittle
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T
he r e is a por te nt of stor my we athe r ahe ad to whic h we had be tte r give he e d… . . If you have paid your de bts, if you have a r e se r ve , e ve n though it be small, the n should stor ms howl about your he ad, you will have she lte r for your wive s and c hildr e n and pe ac e in your he ar ts. T hat’s all I have to say about it, but I wish to say it with all the e mphasis of whic h I am c apable .
Hinc kle y, E
nsig n 11/ 98
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- 1. Da ve Ra mse y
Se ve n Ba by Ste ps
1. $1,000 E
me r ge nc y F und
2. Pay off nonmor
tgage de bt
3. 3- 6 months in savings 4. Inve st 15% in r
e tir e me nt
5. Colle ge funding 6. Pay off home e ar
ly
7. Build We alth and GIVE
ge ne r
- usly
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- 2. Budge t
T
e ll your mone y whe r e to go!
Dave Ramse y.c om or
E ve r yDollar .c om L DSPr
- vide ntL
iving.or g
USE
it – adjust, r e vise , adapt
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- 3. Pa pe rwork in Orde r
F
amily Suc c e ssion Plan
Or
iginals – ke e p safe
Copie s – to suc c e ssor
s
F
ile F
- lde r
s: c ur r e nt, taxe s, e state plan, c r e dit, me dic al, insur anc e , inve stme nts, r e tir e me nt, r e c e ipts, c ar r e c e ipts, major
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- 4. Build support te a m
CPA, financ ial planne r
, insur anc e age nt, banke r , e state planning attor ne y
YOU ar
e the ir boss
Annual c he c k- up
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- 5. Insura nc e c ove ra g e
He a lth L
ife
House / r
e nte r s
Ve hic le s Umbre lla Shor
t- te rm disa bility
L
- ng - te rm disa bility
ID the ft pr
- te c tion
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- 6. E
sta te Pla nning
Kids E
ase of tr ansfe r
Inc ompe te nc e Spe c ial ne e ds Avoid c osts!
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PROBAT E
Cour
t pr
- c e e ding
Wills don’t avoid T
r igge r s:
CA = $150K gr
- ss
NV & UT
= $100K ne t
AZ = $75K R/ E
, $50K pe r s
Attor
ne y and e xe c utor fe e s
E
ST AT E T AXE S - $5.4m
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Comple te E sta te Pla n
L
iving T r ust – r e voc able
Will – pour
- ove r
Nomination of Guar
dian
DURABL
E powe r
- f attor
ne y for F inanc ial Manage me nt
Advanc e He althc ar
e Dir e c tive
HIPAA author
ization
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Handouts! – L e hi Pr e ppe r s on F ac e book
Class outline We bsite r
e fe r e nc e s
F
amily suc c e ssion plan
101 Wa ys to SAVE
mone y
Sample budge t
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WE ARE ST E WARDS
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