1. Retirement Options

2. 10/19/2015Template copyright 2005 www.brainybetty.com 2 Retirement Pension plans –Company plans that provide retirement income for their workers. 401k PERS

3. 10/19/2015Template copyright 2005 www.brainybetty.com 3 Retirement Keogh Plan –Retirement plan that allows self-employed individuals save a maximum of 15% of their income up to a specified amount each year, and to deduct that amount from their yearly taxable income.

4. 10/19/2015Template copyright 2005 www.brainybetty.com 4 Retirement Individual Retirement Account (IRA) –Private retirement plan that allows individuals or married couples to save a certain amount of untaxed earnings per year with the interest being tax-deferred.

5. 10/19/2015Template copyright 2005 www.brainybetty.com 5 Retirement Roth IRA –Private retirement plan that taxes income before it is saved, but which does not tax interest on that income when funds are used upon retirement.

6. 10/19/2015Template copyright 2005 www.brainybetty.com 6 Retirement “Don’t put all your eggs in one basket.” Diversification –Spreading of investments among several different types of accounts to lower overall risk.

7. Building wealth over the long term.

8. Three Rules for Building Wealth Start Early –Give money time to grow.

9. Buy and Hold –Keep your money invested Three Rules for Building Wealth

10. Diversify –Spread out your investments Three Rules for Building Wealth

11. Making money with your money Simple interest vs. compound interest

12. Ben and Arthur Both save $2,000 per year at 12% Ben starts at age 19 and stops at age 26 Arthur starts at age 27 and stops at age 65 Who do you think has the most money?

14. Daily Decisions can make a HUGE impact! ExpensesCost per day Cost per month If invested @ 12% from age 16-76 Cigarettes$3$90$11,662,000 Gourmet Coffee $5$150$19,371,943 Lunch (5 days/week) $8$160$20,663,319