Investment / Retirement
Planning
Fundamentals of Investment
Planning
What is
Investing?
Investment refers to a commitment of
funds to one or more assets that will be held over some
future time period. Almost all individuals have wealth of
some kind, ranging from the value of their services in the
workplace to tangible assets to monetary assets. Anything
not consumed today and saved for future use can be
considered an investment. For our purposes, investment will
mean a measurable asset retained in order to increase one’s
personal
wealth.
Why Invest?
We invest to
improve our future welfare. Funds to be invested come from
assets already owned, borrowed money, and savings or
foregone consumption. By foregoing consumption today and
investing the savings, we expect to enhance our future
consumption possibilities. Anticipated future consumption
may be by other family members, such as education funds for
children or by ourselves, possibly in retirement when we are
less able to work and produce for our daily needs.
Regardless of why we invest we should all seek to manage our
wealth effectively, obtaining the most from it. This
includes protecting our assets from inflation, taxes and
other factors.
We all make decisions regarding
investment. From pricing items in the grocery store for
"good values" to deciding how to invest our retirement plan
funds we forge our futures in part by the decisions we make
today.
How Do We Invest?
If we
are making investment decisions today that will directly
affect our future wealth, it would make sense that we
utilize a plan to help guide our decisions. Surprisingly,
the majority of people do not have in place any type of
formalized investment plan. Taking some time to put together
a financial plan can reap tremendous benefits. First, let’s
define financial
planning.
Financial planning is the process of meeting
your life goals through the proper management of your
finances. Life goals can include buying a home, saving for
your child's education or planning for retirement.
Financial planning provides direction and
meaning to your financial decisions. It allows you to
understand how each financial decision you make affects
other areas of your finances. For example, buying a
particular investment product might help you pay off your
mortgage faster or it might delay your retirement
significantly. By viewing each financial decision as part of
a whole, you can consider its short and long-term effects on
your life goals. You can also adapt more easily to life
changes and feel more secure that your goals are on
track.
Regardless your situation or needs
be sure to consult with one of our Investment Planning
specialist for a No Obligation
consultation.
Retirement
Planning
Retirement is one of the most
important life events many of us will ever experience. From
both a personal and financial perspective, realizing a
comfortable retirement is an incredibly extensive process
that takes sensible planning and years of persistence. Even
once it is reached, managing your retirement is an ongoing
responsibility that carries well into one's golden
years.
While all of us would like to
retire comfortably, the complexity and time required in
building a successful retirement plan can make the whole
process seem nothing short of daunting. However, it can
often be done with fewer headaches (and financial pain) than
you might think - all it takes is a little homework, an
attainable savings and investment plan, and a long-term
commitment.
If planning for your retirement
has got you confused, you're not alone! There is no doubting
the fact that many Americans have trouble distinguishing
between the various flavors of retirement
plans.
Whether you don't know a thing
about your retirement planning options, or if you simply
can't distinguish between an IRA and Roth IRA, you've come
to the right place. Through our Free Consultation, we will
shouw you how to go about establishing each plan,
funding it, and then eventually taking distributions from
the plan.
1) Traditional IRAs
2) Roth
IRAs
3) SEP IRAs
4) SIMPLE IRAs
5) Qualified Plans
(including profit sharing, and 401(k) plans)
6) 403(b)
Accounts
7) 529 Plans
8) Education Savings
Account
For retirement planning contact us
and we will set you up with one of our specialist for a no
obligation
approach.
United Financial
Group
(334) 472-0040 - Main
(904)
216-9750 - Fax
Customerservice@unitedfinancialgroup.info
