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Retirement Planning Tools

4 Examples of Compound Interest: This handout was designed to provide the reader with examples of how money will grow when interest/gains are compounded on the principal invested. The 4th scenario of 0% growth is included here due to a mandatory requirement established by the Financial Regulatory Authority that states that we must include a zero growth scenario. 4 Examples of Compound Interest


Investment Risk Pyramid: This handout is an excellent visual designed to be used by those who are unsure of how their investment money might be classified by risk. First, obtain the risk classification of all your specific investments and insurance products. Now identify each investment and insurance product by risk placing the name of it in the appropriate risk category on the pyramid. This will provide a helpful visual of how your money is allocated. Investment Risk Pyramid


Types of Investment Risk: When someone hears that their "money is at risk" they usually associate the potential risk with potential loss of the principal invested. Although the loss of principal is a primary concern for most investors there are many different types of risk to consider before structuring a retirement plan. This handout will provide you with a partial list of some of the more common types of risk that may need to be taken into consideration as you structure a retirement income plan. Types of Investment Risk


The Cost of Waiting: This is an important visual primarily designed for your children and grandchildren to show them an example of the power of compound interest. Here we used a calculation of $300.00 per month contribution to a Roth IRA or IRA. We used 7% interest, which does not include any potential of dividends paid and is meant only as an example to illustrate the point, of the need to start the accumulation phase of retirement as early on as possible. The 7% is not being provided as a prediction, it is being used only as a tool to illustrate the concept. This illustration is intended to show that starting retirement savings early on in life will have a significantly higher benefit than waiting. The Cost of Waiting


You Will Earn A Fortune: This has been my favorite handout for over 25 years. Here we illustrate potential earned income from age 25 all the way to age 64. This will provide your children and grandchildren with a visual awareness of their true income earning potential. Have fun with this! You Will Earn A Fortune

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