Insurance

Retirement Planning is Key

financial planning 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.

Social Security is Only a Portion of a Complete Plan

azoury financial planning 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)

Steven Azoury

Income Planning

Have Minimized Portfolio Risk?

secure their financial futures 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!

Retirement Planning is Key

Chartered Financial Consultant (ChFC) 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)

Steven Azoury

Planning

Have Minimized Portfolio Risk?

INSIGHTS INTO RETIREMENT 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!

Always Seek the Assistance of a Registered Advisor

financial planning 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)

Steven Azoury

Life Insurance

Keys to Successful Investing.

secure their financial futures 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.

Always Seek the Assistance of a Registered Advisor

STRENGTHENING YOUR FUTURE BY PREPARING TODAY 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)

Steven Azoury

Investment Consulting

Steve Azoury Professional Insights

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.

Retirement Planning is Key

azoury financial planning 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.

(More Info Here & There)

Steven Azoury

Steven Azoury

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

Always Seek the Assistance of a Registered Advisor

Chartered Financial Consultant (ChFC) 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.

Steve Azoury Professional Insights

financial planning 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)

Steven Azoury

Investments

Always Seek the Assistance of a Registered Advisor

azoury financial planning 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.

Every Retirement Plan Can Benefit From a Fresh Perspective

financial planning 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.

(More Info Here & There)

Steven Azoury

Financial Services

Always Seek the Assistance of a Registered Advisor

INSIGHTS INTO RETIREMENT 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.

Retirement Planning is Key

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)

Steven Azoury

Financial

Every Retirement Plan Can Benefit From a Fresh Perspective

STRENGTHENING YOUR FUTURE BY PREPARING TODAY 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.

Retirement Planning is Key

National Association of Insurance and Financial Advisors More Retirement Planning Steps:
Your 40s and 50s (Mid-Career)
You will probably be advised to continue with any IRAs, 401(K), Keoghs and other retirement savings accounts. Once you reach age 50, you can make "catch-up" (extra) contributions to IRAs, 401(K), and other retirement savings accounts.
If you haven't bought a house already, again consider doing so as a source of equity and a place to live in retirement. If you have a mortgage, periodically compare your interest rate to current market rates. If current rates are better, consider refinancing.
As you get closer to retirement, consider reducing riskier investments and adding more conservative, income-producing investments. Again, seek advice from your investment advisor.

(More Info Here & There)

Steven Azoury