Money Tree
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    • Season 1 >
      • Episodes 1-5 >
        • Episode #1 - Introduction
        • Episode #2 - Retirement and Social Security
        • Episode #3 - Savings Planning
        • Episode #4 - The Life of Money
        • Episode #5 | Life Insurance
      • Episodes 6-10 >
        • Episode #6 - Budgeting
        • Episode #7 | Monthly Budget & The Envelope System
        • Episode #8 | The Cost of Children
        • Episode #9 | Check Writing and Keeping a Check Register
        • Episode #10 | Investing in the Stock Market
      • Episodes 11-15 >
        • Episode #11 | Workin' Your Way out of Debt!
        • Episode #12 | The Cost of College
        • The Money Tree #13 | Back to School Shopping
        • Episode #14 | Couponing
        • Episode #15 | Credit Score Part 1
      • Episodes 16-20 >
        • Episode #16 | Credit Score Part 2
        • Episode #17 | Working Student Athlete
        • Money Tree Episode #18 | Buying a Car
        • Money Tree Episode #19 | Health Insurance
        • Money Tree Episode #20 | Money Mistakes Millennials Make
    • Season 2 >
      • Episodes #1-5 >
        • How to get back on Budget Track for 2018 | Money Tree TV - Season 2 Episode 1
        • The new Tax Law
        • Student Loans Part 1
        • Filing Your Taxes
      • Episodes #6-10 >
        • Planning for Retirement - Part 1
        • Planning for Retirement - Part 2
  • Leaflets
    • Season 1 >
      • Leaflets 1 -5 >
        • Money Tree TV Leaflet #1
        • Money Tree Leaflet #2
        • Money Tree Leaflet #3
        • Money Tree Leaflet #4
        • Money Tree Leaflet #5
      • Leaflets 6-10 >
        • Money Tree Leaflet | June 12, 2016
        • Money Tree Leaflet June 26, 2017 | Paying for College
        • Money Tree Leaflet July 25, 2017 | Couponing
        • Money Tree Leaflet July 31, 2017 | Credit Score
        • Money Tree Leaflet August 14, 2017 | Credit Score Part 2
      • Leaflets 11-15 >
        • Money Tree Leaflet August 23, 2017 | Credit Score Part 2
        • Money Tree Leaflet August 31, 2017 | Buying a Car
        • Money Tree Leaflet | Health Insurnace
        • Money Tree Leaflet September 7, 2017 | Money Mistakes Millennials Make
        • Money Tree Bloopers and Laughable Moments
    • Season 2 >
      • Getting Back on the Budget Track
      • New Tax Plan and Teladoc information | Leaftlet 2.2 | Money Tree TV
      • Student Loans Part 1 | Leaflet 2.3 | Money Tree TV
      • Student Loans Part 2 | Leaflet 2.4 | Money Tree TV
      • Marriage Money | Leaflet 2.10 | Money Tree TV
      • Mutual Funds | Leaflet 2.13 | Money Tree TV
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Money Tree Season 2 Episode 7 - Planning for Retirement
Part #2 - Age Determined Retirement Planning **Review** 
Let’s review the Retirement Planning Ages

Stage #1 - Beginning Journey (Age 25 - 40)
Stage #2 - Middle Journey (Check-Up) (Age 40 - 55)
Stage #3 - Light at the end of the tunnel (Age 55-70)
Part #3 - Middle Journey ( 15  Minutes)

**Don’t Stop Believing…**
Stage #1 is for those who are beginning their Career to age 40
  • 1st step is to assess lifetime financial goal
    • Review the goals you have set for yourself at the beginning stages
    • If not are yet, START NOW!
    • Re-invest in your home to do repairs and upgrades.
    • Establish financial Trust
    • Look to buy Long Term Care
    • Renew Term Life Insurance
    • Think “DownSizing”
  • 2nd Step - Budget!!!!
    • You should be at least ½ way to paying off your mortgage.
    • Allocate monies for teenager vehicle and insurance.
    • Use CC to your advantage
    • If in the private sector, ask for a raise.
    • Avoid lifestyle Inflation
      • Don’t “borrow” for family Vacations
      • No “larger” purchases without saving for it.
    • Don’t wipe out your savings or retirement account(s)
      • Child’s education / college
      • Child’s wedding
    • Have 6 month “Reserve” fund
      • 2 Months in Savings
      • 2 Months in Cash
      • 2 Months in a CD
  • 3rd Step - Debt Elimination
    • Eliminate Large Debts, such as Car debt.
    • Do not borrow for any large purchases unless needed.
(Slide #3)
  • 4th Step - Boost investment contributions
    • This includes
      • Roth IRA
        • Adjust Mutual Fund that are owned
        • Contribute more to your IRA (up to 5,500 yearly / 6,500 over 50)
      • Continue to invest in company 401(k) / Pension Plan
        • Match Company Matching Contributions
        • Diversify your Portfolio (Dont put it all in your company)
      • College Savings plan may be something to start if not already started.

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Copyright © David L. Marks  2017
  • Home
  • Episodes
    • Season 1 >
      • Episodes 1-5 >
        • Episode #1 - Introduction
        • Episode #2 - Retirement and Social Security
        • Episode #3 - Savings Planning
        • Episode #4 - The Life of Money
        • Episode #5 | Life Insurance
      • Episodes 6-10 >
        • Episode #6 - Budgeting
        • Episode #7 | Monthly Budget & The Envelope System
        • Episode #8 | The Cost of Children
        • Episode #9 | Check Writing and Keeping a Check Register
        • Episode #10 | Investing in the Stock Market
      • Episodes 11-15 >
        • Episode #11 | Workin' Your Way out of Debt!
        • Episode #12 | The Cost of College
        • The Money Tree #13 | Back to School Shopping
        • Episode #14 | Couponing
        • Episode #15 | Credit Score Part 1
      • Episodes 16-20 >
        • Episode #16 | Credit Score Part 2
        • Episode #17 | Working Student Athlete
        • Money Tree Episode #18 | Buying a Car
        • Money Tree Episode #19 | Health Insurance
        • Money Tree Episode #20 | Money Mistakes Millennials Make
    • Season 2 >
      • Episodes #1-5 >
        • How to get back on Budget Track for 2018 | Money Tree TV - Season 2 Episode 1
        • The new Tax Law
        • Student Loans Part 1
        • Filing Your Taxes
      • Episodes #6-10 >
        • Planning for Retirement - Part 1
        • Planning for Retirement - Part 2
  • Leaflets
    • Season 1 >
      • Leaflets 1 -5 >
        • Money Tree TV Leaflet #1
        • Money Tree Leaflet #2
        • Money Tree Leaflet #3
        • Money Tree Leaflet #4
        • Money Tree Leaflet #5
      • Leaflets 6-10 >
        • Money Tree Leaflet | June 12, 2016
        • Money Tree Leaflet June 26, 2017 | Paying for College
        • Money Tree Leaflet July 25, 2017 | Couponing
        • Money Tree Leaflet July 31, 2017 | Credit Score
        • Money Tree Leaflet August 14, 2017 | Credit Score Part 2
      • Leaflets 11-15 >
        • Money Tree Leaflet August 23, 2017 | Credit Score Part 2
        • Money Tree Leaflet August 31, 2017 | Buying a Car
        • Money Tree Leaflet | Health Insurnace
        • Money Tree Leaflet September 7, 2017 | Money Mistakes Millennials Make
        • Money Tree Bloopers and Laughable Moments
    • Season 2 >
      • Getting Back on the Budget Track
      • New Tax Plan and Teladoc information | Leaftlet 2.2 | Money Tree TV
      • Student Loans Part 1 | Leaflet 2.3 | Money Tree TV
      • Student Loans Part 2 | Leaflet 2.4 | Money Tree TV
      • Marriage Money | Leaflet 2.10 | Money Tree TV
      • Mutual Funds | Leaflet 2.13 | Money Tree TV
  • Downloads
    • Free Stock
  • Social
  • Coffee Cup
  • Podcast