Retirement Consulting

Every Retirement Plan Can Benefit From a Fresh Perspective

Chartered Financial Consultant (ChFC) When you make the commitment of marriage, you already understand that it means forever. Once you
already have your own family, you will be flooded by the many things which you did not understand back
when you were young. You begin to care a lot more for your family that yourself. You work hard, strive more and begin accepting challenges just to make your family proud and contented.
Indeed a family means a lot to everyone. Even those who claim that they are not sentimental will melt like
candle when their family is on topic. Who wouldn't? Families are the basic unit of our society and they are
the ones whom we have spent a lot of our time~ Given this reality, we know that almost all that we are doing
are centered towards giving our families a better life. However, it seems like nowadays, we are racing with
time. We do not know when we will die and apparently, none can predict that too. This is the main
hindrance to the plans that we have made for our families.
This is the reason why life insurances were created or formulated. It's not just a business which a few
people enjoy. It's a policy that has made immortal love possible. What then is life insurance? Could it be
equated to a savings in a bank?

Every Retirement Plan Can Benefit From a Fresh Perspective

STRENGTHENING YOUR FUTURE BY PREPARING TODAY 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)

Steve Azoury

Retirement Consulting

Have Minimized Portfolio Risk?

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.

Retirement Planning is Key

National Association of Insurance and Financial Advisors When you make the commitment of marriage, you already understand that it means forever. Once you
already have your own family, you will be flooded by the many things which you did not understand back
when you were young. You begin to care a lot more for your family that yourself. You work hard, strive more and begin accepting challenges just to make your family proud and contented.
Indeed a family means a lot to everyone. Even those who claim that they are not sentimental will melt like
candle when their family is on topic. Who wouldn't? Families are the basic unit of our society and they are
the ones whom we have spent a lot of our time~ Given this reality, we know that almost all that we are doing
are centered towards giving our families a better life. However, it seems like nowadays, we are racing with
time. We do not know when we will die and apparently, none can predict that too. This is the main
hindrance to the plans that we have made for our families.
This is the reason why life insurances were created or formulated. It's not just a business which a few
people enjoy. It's a policy that has made immortal love possible. What then is life insurance? Could it be
equated to a savings in a bank?

(More Info Here & There)

Azoury Financial

Retirement Consulting

Always Seek the Assistance of a Registered Advisor

National Association of Insurance and Financial Advisors 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.

Have Minimized Portfolio Risk?

STRENGTHENING YOUR FUTURE BY PREPARING TODAY 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.

(More Info Here & There)

Steven Azoury