Financial Survival for Retirement

If you are retired or getting close to retiring, this course will teach you fundamental principles to ensure your money lasts. Learn how to better manage and control your investments, get information on basic tax reduction strategies, increase your monthly income, protect your life savings from investment mistakes and avoid unnecessary estate taxes. Learn how to plan for the threat of a health care catastrophe and how to pass your life’s savings to your heirs with minimal probate, tax and legal costs.

This class focuses on the financial challenges and opportunities unique to today’s retirees. If you are either retired or getting close to retiring, and want straight-forward answers to your questions and concerns, you should enroll in this class. Topics include all of the key financial areas that can help you achieve complete and total financial peace of mind during your retirement years.

Course Topics-

Basic Tax Reduction Strategies-

• Reduce taxes on IRA/401k withdrawals for heirs
• Are you holding the wrong investments inside your IRA/401k?
• Basic estate tax reduction strategies

Savings Protection from Health Care Catastrophe-

• Use out-of-favor assets to provide for long-term care with pennies on the dollar.
• Plan for the threat of long-term care without using traditional insurance.

Essential Legal Documents-

• Common mistakes made with a will
• Powers-of-Attorney documents
• Living Wills & Advance Directives
• IRA Asset Will: The most overlooked estate planning document today
• Do you need a trust?

Protection from Investment Mistakes-

• Where can you find growth, security and income for retirement?
• The eroding power of inflation on your retirement life savings.
• Understanding the three phases of your financial life.
• How a proper income plan can reduce risk in volatile times.
• Social Security benefits & decisions

The Missing Estate Plan: Passing IRA’s, 401ks and Other Retirement Accounts-

• Why many retirees could disinherit their grandchildren
• Why some IRA’s pay as much as 70% or more to the IRS.
• How to use your retirement account to leave a family legacy.
• The complicated rules for Required Minimum Distributions.
• How to keep in-laws and your child’s creditors from raiding your IRA/401k.
• Understanding Roth IRAs, including new conversion options.

Instructor Information:

Dan Morris has been in the financial services industry since 2005. He joined Mainstay Financial as an Investment Advisor Representative* in 2012 and has a passion for educating clients and community members on how to become better stewards of their overall financial situation. Dan graduated from Faulkner State Community College and the University of West Florida and enjoys spending time with his son, Colby.

When:
Tuesday, October 6, 2015 & Tuesday, October 13, 2015
Time:
6-8pm
Where:
The Center for Continuing Education
21982 University Lane
Orange Beach, AL
Cost:
$25