Presentation is loading. Please wait.

Presentation is loading. Please wait.

Copyright © 2014 STYLUS Asset Management Inc.. How much do I need to save for my retirement?

Similar presentations


Presentation on theme: "Copyright © 2014 STYLUS Asset Management Inc.. How much do I need to save for my retirement?"— Presentation transcript:

1 Copyright © 2014 STYLUS Asset Management Inc.

2 How much do I need to save for my retirement?

3 When are you going to be “ready” to retire? What are you going to do after you retire? How do you want to spend your savings? What is your life expectancy? Are you prepared for the unexpected? Do you have plans to leave a legacy?

4 1.Gather Financial Information

5 PERSONAL BALANCE SHEET Step 1: Information Gathering 1. What do you own? Assets: Cash / bank accounts Current: vehicles Long term: house, cottage, investments, insurance policies.

6 Step 1: Information Gathering PERSONAL BALANCE SHEET 2. What do you owe? Current: Credit Cards / Line of Credit Long term: Mortgage

7 This uncovers your NET WORTH & the assets you have to support your retirement Step 1: Information Gathering PERSONAL BALANCE SHEET

8 PERSONAL INCOME STATEMENT What do you earn? INCOME (Pre-Tax): All sources Step 1: Information Gathering

9 PERSONAL INCOME STATEMENT What do you spend? Step 1: Information Gathering Daily: food & drink Weekly: personal care, dining out Monthly: Mortgage payments, clothing Annual: Taxes, travel

10 This determines … Your estimated “cost of living” And what’s left over to either save or spend Step 1: Information Gathering PERSONAL INCOME STATEMENT

11 1.Gather Financial Information 2.Establish Overall Retirement Objective

12 Long-Term Objective: THREE SCENARIOS Step 2: Retirement Objectives

13 “I want to live off ONLY what my investments earn for me.” CAPITAL PRESERVATION SCENARIO #1: Step 2: Retirement Objectives

14 “I want to maintain a very nice lifestyle in retirement, but I want to make sure I don’t use it all up.” HYBRID MODEL SCENARIO #2 Step 2: Retirement Objectives

15 “I want the cheque to bounce at the Funeral Home.” SPEND-TO-ZERO SCENARIO #3 Step 2: Retirement Objectives

16 Have you agreed on your objectives with your spouse? Do your children know your objectives? Do your “affiliated professionals” know your objectives? Step 2: Retirement Objectives Important Considerations

17 1.Gather Financial Information 2.Establish Overall Retirement Objective 3.Identify & Prioritize Retirement Goals

18 Funds to achieve desired lifestyle Ongoing Needs Travel Capital purchases (car, renovations, etc.) Child’s wedding Short-Term Education savings for child or grandchild Purchasing real estate (cottage, out of country) Medium-Term Generational Wealth Transfer Philanthropic Long-Term Step 3: Identify & Prioritize Retirement Goals

19 1.Gather Financial Information 2.Establish Overall Retirement Objective 3.Identify & Prioritize Retirement Goals 4.Develop an Investment Program

20 An effective investment program helps to achieve… 1)Cash Flow 2)Diversification 3)Risk Management 4)Tax Opportunities 5)Peace of Mind Step 4: Develop an Investment Program

21 You need to understand your tolerance for Step 4: Develop an Investment Program PERSONALITY INVESTMENT TIME HORIZON

22 Gauge your Investment “Personality” Step 4: Develop an Investment Program Short-term volatility doesn’t bother you Big swings in the stock market keep you up at night You can handle a steady ride with a few bumps

23 Investment Time Horizons: “The Bucket Approach” Immediate Needs (Next 12 months) Medium Time Horizon (3-5 Years) Longest Time Horizon (5+ Years) Shortest Time Horizon (1-3 Years) Step 4: Develop an Investment Program

24 The STYLUS Funds: Tolerance for Volatility Time Horizon U.S. Blended Equity Wealth Protection Momentum Value with Income Growth GIC’s Step 4: Develop an Investment Program

25 1.Gather Financial Information 2.Establish Overall Retirement Objective 3.Identify & Prioritize Retirement Goals 4.Develop an Investment Program 5.Building “The Plan”

26 Once the important information has been collected, STYLUS can start building your personalized financial & investment plan: (a) INPUTS Step 5: Building “The Plan”

27 (b) CASH FLOW PROJECTION Step 5: Building “The Plan”

28 10 YEAR CASH FLOW PROJECTION Step 5: Building “The Plan”

29 OPTIONS & VARIABILITY Step 5: Building “The Plan”

30 1.Gather Financial Information 2.Establish Overall Retirement Objective 3.Identify & Prioritize Retirement Goals 4.Develop an Investment Program 5.Building “The Plan” 6.Monitor & Adjust

31 A Financial Plan must be monitored. Your needs might change & the markets are always changing. STYLUS will help monitor your account to ensure that your plan remains on target. Step 6: Monitoring and Adjusting

32 Retirement Planning - SUMMARY GATHERESTABLISHPRIORITIZEDEVELOPBUILDMONITOR

33 NEXT STEP: Set up a meeting with STYLUS to get started!


Download ppt "Copyright © 2014 STYLUS Asset Management Inc.. How much do I need to save for my retirement?"

Similar presentations


Ads by Google