Income Planning

Every Retirement Plan Can Benefit From a Fresh Perspective

National Association of Insurance and Financial Advisors Your Early 60s (Late Career) Retirement Planning Suggestions:
Get educated on Social Security! There are actually many claiming strategies that you should consider. For example, there are numerous implications if you "retire early" or if you delay retirement.
Discuss with a financial advisor when to withdraw money from your tax-deferred retirement accounts, such as employer-sponsored retirement plans and traditional IRAs. After age 59 ½, you can withdraw some funds without penalty but all withdrawals are usually subject to income taxes.
Under IRS rules, you must withdraw a minimum amount from 401(K), traditional IRAs and certain other retirement savings plans by April 1 of the year after you reach age 70 ½ and each year after that. There is an exception to the rules for someone still working for the employer who sponsors the plan.

Always Seek the Assistance of a Registered Advisor

Chartered Life Underwriter (CLU) A successful retirement depends largely on the steps you take during different stages of your life. Here are some rough guidelines.
Your 20s and 30s (Early Career)
It usually makes sense to contribute to IRAs, 401(K), Keoghs, 403(b) and other retirement savings plans while meeting other goals, such as buying a home or starting a family.
Obviously, keep your debt from credit cards and other sources manageable.
If you don't already own a home, consider if this is a good option for you. While a home purchase can be expensive, it also can be an excellent investment and source of tax breaks.
Ask your licensed financial advisor to discuss investment options with a higher potential return. These are the years you might consider the extra risk associated with aggressive investments.

(More Info Here & There)

Azoury Financial

Consulting

Financial Success Requires Planning

financial planning A successful retirement depends largely on the steps you take during different stages of your life. Here are some rough guidelines.
Your 20s and 30s (Early Career)
It usually makes sense to contribute to IRAs, 401(K), Keoghs, 403(b) and other retirement savings plans while meeting other goals, such as buying a home or starting a family.
Obviously, keep your debt from credit cards and other sources manageable.
If you don't already own a home, consider if this is a good option for you. While a home purchase can be expensive, it also can be an excellent investment and source of tax breaks.
Ask your licensed financial advisor to discuss investment options with a higher potential return. These are the years you might consider the extra risk associated with aggressive investments.

Retirement Planning is Key

secure their financial futures Unplanned expenses are unexpected and to avoid letting these expenses lead you to financial ruin, it is
wise to accumulate an emergency fund.
First, determine how much you will need, usually 4-7 months worth of expenses. Focus on having
enough cash to cover expenses, not on replacing your entire income.
Next, your emergency fund should be accessible, but not so accessible that you will be tempted to use it
for every day spending. Try using a separate account that you can't just walk in and withdraw the funds.
Then, consider setting up a monthly savings goal and make it a regular part of the budget to insure the
money is saved each month. Create a balanced budget to pay your bills, otherwise, you will be pulling
money out of your savings and this will defeat the purpose. Remember, an emergency fund is for the
unexpected, not for the annual insurance bill that should already be in the budget.

(More Info Here & There)

Azoury Financial

Planning

Steve Azoury Professional Insights

INSIGHTS INTO RETIREMENT Knowing your Goals, Objectives, and Risk Tolerance will equal a successful Retirement Plan.
If you are not watching the incredible movement in the stock market, you must of just landed
from another planet. The political scene and the transfer of power recently in the White House
has been the cause of much excitement as well as much anxiety in our country. These wild
swings of emotions can have an incredible impact on your investment plan, and the need to be
more diligent than ever is evident in the barrage of news daily.
Long term planning goals can be over taken by short term survival needs. What to do? Below
i've listed some ideas to help you cope with the ever changing financial landscape.

Retirement Planning is Key

secure their financial futures Young investors have a huge advantage that will allow them to secure their financial future without much
effort. There are basic lessons that will help secure your future and allow you to have more fun now.
Social Security and pensions probably won't be around when your teenager reaches retirement age. In the
last ten years we've experienced a large reduction in pension plans offered to employees. Employers are
replacing pension plans with contributory retirement programs. Unfortunately, according to a report of the
National Association of State Boards of Education, "most workers with access to these contributory
programs are not participating sufficiently to allow them to retire in their sixties without suffering a great
decrease in their standard of living."
This may mean that everyone under age 30 will need to self-fund their own retirement. In order to be
financially prepared, it is important they start investing young and avoid financial pitfalls that plague many of their peers. This requires they learn the basic financial education skills so they are financially prepared.
To be financially prepared for Feb.rements today's youth will need to have over a million dollars to be fully
financially prepared for a self-funded retirement.
After calculating the long-term inflation rate, a young adult today will need over a million dollars in order to retire on an annual income of around $35,000 (today's dollars, adjusted for inflation and salary increases). This is assuming that they live to be ninety years old. However, with the improvements in medicine, many experts feel we will live beyond that mark, so just planning to five to 90 may not be enough. And $35,000 annual income per year is not a lot of money to enjoy the golden years.

(More Info Here & There)

Azoury Financial

Life Insurance

Social Security is Only a Portion of a Complete Plan

National Association of Insurance and Financial Advisors Consult with your legal or financial advisors about estate planning & organizing your financial affairs so that your money, property and other assets can go to your heirs with a minimum of costs, taxes and hassles.
You may need or want to buy health insurance or long-term care (including nursing home) insurance. Consider the need for disability (wage replacement) or life insurance coverage.
Reduce your consumer debt as much as possible and consider the pros and cons of paying off your mortgage early. But if you think you'll need to borrow money during retirement, determine whether you want to refinance your mortgage, take out a home-equity loan, apply for a credit card or otherwise take out a loan before you retire. You might have more options for getting a loan when you still have employment income. No matter what loans you have or how old you are, it's important to keep your debts manageable.
Finally, consider holding only conservative investments.

Have Minimized Portfolio Risk?

financial planning Rational Behavior
1. Buy in a declining market to take advantage of lower prices
2. STAY invested... Take the long view and continue contributions while riding out
market ups and downs.
3. Sell or rebalance when the market is rising to lock in gains
Irrational Behavior
1. Sell low: Locks in your losses
2. Cash out: Wait until it is 'safe' to re-enter the market after it has recovered
3. Buy high: Get back into the market once share prices are rising
Overreaction, herd mentality and over confidence drives Irrational Behavior. For instance,
responding in the extreme to the latest market noise, causes erratic swings in your investment
decisions. Following the 'crowd', after all, how can everyone be wrong? Believing in your
ability to 'time the market'
Ideas to combat Irrational behavior
1. Have discipline to maintain your long term strategy, regardless of the market noise
2. Have a well diversified portfolio
3. Have assets allocated based on your time horizon and risk tolerance
Remember, it is always a good idea to analyze your investment performance as it relates to
your risk tolerance. Tweaking your investment choices periodically can make a huge difference
in your returns by eliminating poor performing investments.

(More Info Here & There)

Azoury Financial

Investment Consulting

Keys to Successful Investing.

National Association of Insurance and Financial Advisors For others it can be similar to a savings. But for others, it works differently~ In a bank, you can easily
withdraw that money that you have deposited, except in fixed deposits of course. in life insurance, the
death benefit can only be given once you die or meet an accident, as the case may be~ But both can earn
interest, still subject to the policy that you will choose. But at least in life insurance, you will not have a
chance to divert the funds that you have set aside for the future of your family in case you die.
With life insurance, you are referred to as the policyholder. You will have to pay a premium that will
constitute the death benefit. You will be asked to write down or determine your beneficiaries~ If in case you
die on a covered period, then the death benefit will be given to your beneficiaries. This benefit will not only
pay for the debts that you have left or the needs for your funeral but as a sum can be a way in which to
make you family have a good start.
Life insurance is very important. It will take on a burden that your family will face in case you pass away~ This is true if you happen to be the only working parent. How could your spouse provide for your children's
education~ daily subsistence and all? With life insurance, you can extend your love to them even without
your presence. You can continue and make come true the plans that you have dreamed for them. But, to be able to achieve this goal, you must make the wise choices and decision concerning your life insurance
purchase.

Keys to Successful Investing.

secure their financial futures Rational Behavior
1. Buy in a declining market to take advantage of lower prices
2. STAY invested... Take the long view and continue contributions while riding out
market ups and downs.
3. Sell or rebalance when the market is rising to lock in gains
Irrational Behavior
1. Sell low: Locks in your losses
2. Cash out: Wait until it is 'safe' to re-enter the market after it has recovered
3. Buy high: Get back into the market once share prices are rising
Overreaction, herd mentality and over confidence drives Irrational Behavior. For instance,
responding in the extreme to the latest market noise, causes erratic swings in your investment
decisions. Following the 'crowd', after all, how can everyone be wrong? Believing in your
ability to 'time the market'
Ideas to combat Irrational behavior
1. Have discipline to maintain your long term strategy, regardless of the market noise
2. Have a well diversified portfolio
3. Have assets allocated based on your time horizon and risk tolerance
Remember, it is always a good idea to analyze your investment performance as it relates to
your risk tolerance. Tweaking your investment choices periodically can make a huge difference
in your returns by eliminating poor performing investments.

(More Info Here & There)

Azoury Financial

Azoury Financial

Mission Statement

“My Mission is to develop enduring relationships with clients by providing expert guidance for a lifetime of financial security.”

Personal Life

Steve resides in Rochester Hills MI, with his wife, Sally.

QUALIFICATIONS

Education

  • B.S. Marketing, Wayne State University
  • Chartered Life Underwriter (CLU)
  • Chartered Financial Consultant (ChFC)

PROFESSIONAL BACKGROUND

Investment Honors

  • Top 100, 2006-2014
  • Most Valuable Producer (MVP) 2006-2014

Retirement Planning

Financial Success Requires Planning

secure their financial futures For others it can be similar to a savings. But for others, it works differently~ In a bank, you can easily
withdraw that money that you have deposited, except in fixed deposits of course. in life insurance, the
death benefit can only be given once you die or meet an accident, as the case may be~ But both can earn
interest, still subject to the policy that you will choose. But at least in life insurance, you will not have a
chance to divert the funds that you have set aside for the future of your family in case you die.
With life insurance, you are referred to as the policyholder. You will have to pay a premium that will
constitute the death benefit. You will be asked to write down or determine your beneficiaries~ If in case you
die on a covered period, then the death benefit will be given to your beneficiaries. This benefit will not only
pay for the debts that you have left or the needs for your funeral but as a sum can be a way in which to
make you family have a good start.
Life insurance is very important. It will take on a burden that your family will face in case you pass away~ This is true if you happen to be the only working parent. How could your spouse provide for your children's
education~ daily subsistence and all? With life insurance, you can extend your love to them even without
your presence. You can continue and make come true the plans that you have dreamed for them. But, to be able to achieve this goal, you must make the wise choices and decision concerning your life insurance
purchase.

Financial Success Requires Planning

azoury financial planning One answer may be a simple investment of $100 per month Starting at age 18. If that investment earns a return similar to the S&P 500 average over the past 82 years, they would have over a million dollars many years before they reach retirement age.
Have fun and retire young by following these simple steps.
1. Invest
There are powerful financial forces on your side when you start investing young. One of the most beneficial to young investors is compounding interest.
Compounding interest occurs when you invest money and earn a return on what you invest. The amount
your investment returns then starts to earn you money. This forms a snowball effect that will make your
money grow bigger the longer you are invested.
To break it down, you're making money off the interest your investment already paid you. Then you
continue to make money off the interest that you made each year. That means your investments can grow
faster and larger each year.
2. Plan
Investing on a consistent basis may allow you to generate long-term gains over time. Most people agree,
they will invest more consistently if the investment they choose is simple and something they understand;
and consistency over time leads to financial security. Follow a consistent investment plan!

(More Info Here & There)

Azoury Financial

Financial

Keys to Successful Investing.

Chartered Life Underwriter (CLU) Knowing your Goals, Objectives, and Risk Tolerance will equal a successful Retirement Plan.
If you are not watching the incredible movement in the stock market, you must of just landed
from another planet. The political scene and the transfer of power recently in the White House
has been the cause of much excitement as well as much anxiety in our country. These wild
swings of emotions can have an incredible impact on your investment plan, and the need to be
more diligent than ever is evident in the barrage of news daily.
Long term planning goals can be over taken by short term survival needs. What to do? Below
i've listed some ideas to help you cope with the ever changing financial landscape.

Keys to Successful Investing.

National Association of Insurance and Financial Advisors The rules governing retirement can be complicated.
Arrange to have your periodic payments, such as Social Security benefits, directly deposited into your checking account.
Consult your financial advisor about whether to receive your 401(K) money in a lump sum or periodic payments.
Be extra-careful before taking on new debt, such as a home-equity loan or a reverse mortgage.
Most likely, this is is the stage of life where you are 100% reliant on your accumulated savings. Therefore, keep firmly in mind the potential for you to lose your principal in any investments you own. At this point, risk is probably not your friend!

(More Info Here & There)

Azoury Financial

Financial Services

Keys to Successful Investing.

National Association of Insurance and Financial Advisors Unplanned expenses are unexpected and to avoid letting these expenses lead you to financial ruin, it is
wise to accumulate an emergency fund.
First, determine how much you will need, usually 4-7 months worth of expenses. Focus on having
enough cash to cover expenses, not on replacing your entire income.
Next, your emergency fund should be accessible, but not so accessible that you will be tempted to use it
for every day spending. Try using a separate account that you can't just walk in and withdraw the funds.
Then, consider setting up a monthly savings goal and make it a regular part of the budget to insure the
money is saved each month. Create a balanced budget to pay your bills, otherwise, you will be pulling
money out of your savings and this will defeat the purpose. Remember, an emergency fund is for the
unexpected, not for the annual insurance bill that should already be in the budget.

Have Minimized Portfolio Risk?

Chartered Financial Consultant (ChFC) A Roth IRA may allow you to withdraw money at retirement tax-free. Most are unaware that forty percent of a person's income goes to pay taxes. You will keep more of the money you earn by investing in an IRA.
For young investors the stock market can be a great place to start investing. As your account size grows you could take some of that money and move it into real estate or business ventures.
Diversification lowers risk. For example, if you have 'all' your money invested in the stock market when
prices are declining then 'all' your money may decline in value as well. Now if you diversify your holdings
and had a portion of your money invested in the stock market, some in the real estate market and some in
businesses you might avoid a big loss.
The thought of funding one's own retirement makes some people nervous but if people start young and
stay consistent, today's generation will be able to afford the lifestyle they want now and throughout their
life.

(More Info Here & There)

Azoury Financial

Insurance

Every Retirement Plan Can Benefit From a Fresh Perspective

secure their financial futures Set a realistic level of money that you can put into the emergency account. Start slowly and
when you pay off, for example a credit card, put the same amount you were paying into the emergency
fund. If you save, rather than squander your excess money, you will be amazed at how your goal will be
achieved.

Have Minimized Portfolio Risk?

STRENGTHENING YOUR FUTURE BY PREPARING TODAY Consult with your legal or financial advisors about estate planning & organizing your financial affairs so that your money, property and other assets can go to your heirs with a minimum of costs, taxes and hassles.
You may need or want to buy health insurance or long-term care (including nursing home) insurance. Consider the need for disability (wage replacement) or life insurance coverage.
Reduce your consumer debt as much as possible and consider the pros and cons of paying off your mortgage early. But if you think you'll need to borrow money during retirement, determine whether you want to refinance your mortgage, take out a home-equity loan, apply for a credit card or otherwise take out a loan before you retire. You might have more options for getting a loan when you still have employment income. No matter what loans you have or how old you are, it's important to keep your debts manageable.
Finally, consider holding only conservative investments.

(More Info Here & There)

Azoury Financial