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| TODAY'S TOPIC |
| THE ULTIMATE FINANCIAL PLAN – CAPITAL RETENTION |
Through Interest Income
The ultimate financial plan is a reflection of your hopes for their
future:
1. Lifetime security for your spouse
2. Future capital for your children
A plan which will let your spouse and children continue to live the life you’ve made
for them if you should not live to provide it. A plan which will let them pass on
capital to your children after they are gone.
Social Security benefits, plus interest income from your estate, make it possible for
your spouse to live as they does now, and keep most of your capital intact for your
children. Taking into account your Social Security, your present life insurance,
your other assets, an estate for the next generation is closer than you think!
What do I need to keep my estate intact…?
1. How much capital should I own?
2. Where do I stand now?
To answer these questions we must first determine your spouse’s cash
requirements, your final expenses, the mortgage, your children’s education, and
then their monthly income requirements!
Examples of College Costs:
Private Colleges (e.g. Emory & Henry College) $31,840.00 dormitory resident,
$23,860.00 non-resident. See www.ehc.edu
Public Colleges (e.g. Va. Tech) $8,198.00, resident of state. See www.vt.edu
Public Colleges (e.g. Va. Tech) $20,825.00, non-resident of state
How much should be provided for your children’s education?
Next-your family income requirements
Family income while the children are growing up.
More than food and clothing…Summer camp, proper medical and dental care,
music lessons, allowances…
How much monthly income will your family need?
Social Security can provide a substantial portion of your family income
needs…often half or more. How much will Social Security amount to in your case?
Let’s find out.
Interest income from your estate can provide the rest of family income. A quick
subtraction of Social Security from total family income will tell us how much is
needed.
Income to your spouse after the children are grown. The same interest income will
continue to your spouse. They will be able to live well, without drawing on their
capital unless necessary. Ideally they will be able to entertain their friends and
family, pay their own way, and enjoy the pleasure of being a grandparent. And,
they will pass most of the estate you left them intact to the children.
Your own retirement:
If you live, the income from your accumulated capital, combined with Social
Security, can make capital retention possible for you. It can provide you and your
spouse with a carefree retirement, and retain capital for the children. Travel.
Hobbies. Sports. Social involvement. Whatever is your pleasure.
future:
1. Lifetime security for your spouse
2. Future capital for your children
A plan which will let your spouse and children continue to live the life you’ve made
for them if you should not live to provide it. A plan which will let them pass on
capital to your children after they are gone.
Social Security benefits, plus interest income from your estate, make it possible for
your spouse to live as they does now, and keep most of your capital intact for your
children. Taking into account your Social Security, your present life insurance,
your other assets, an estate for the next generation is closer than you think!
What do I need to keep my estate intact…?
1. How much capital should I own?
2. Where do I stand now?
To answer these questions we must first determine your spouse’s cash
requirements, your final expenses, the mortgage, your children’s education, and
then their monthly income requirements!
Examples of College Costs:
Private Colleges (e.g. Emory & Henry College) $31,840.00 dormitory resident,
$23,860.00 non-resident. See www.ehc.edu
Public Colleges (e.g. Va. Tech) $8,198.00, resident of state. See www.vt.edu
Public Colleges (e.g. Va. Tech) $20,825.00, non-resident of state
How much should be provided for your children’s education?
Next-your family income requirements
Family income while the children are growing up.
More than food and clothing…Summer camp, proper medical and dental care,
music lessons, allowances…
How much monthly income will your family need?
Social Security can provide a substantial portion of your family income
needs…often half or more. How much will Social Security amount to in your case?
Let’s find out.
Interest income from your estate can provide the rest of family income. A quick
subtraction of Social Security from total family income will tell us how much is
needed.
Income to your spouse after the children are grown. The same interest income will
continue to your spouse. They will be able to live well, without drawing on their
capital unless necessary. Ideally they will be able to entertain their friends and
family, pay their own way, and enjoy the pleasure of being a grandparent. And,
they will pass most of the estate you left them intact to the children.
Your own retirement:
If you live, the income from your accumulated capital, combined with Social
Security, can make capital retention possible for you. It can provide you and your
spouse with a carefree retirement, and retain capital for the children. Travel.
Hobbies. Sports. Social involvement. Whatever is your pleasure.
Thank you for reading.
Next time, more about money.
Next time, more about money.
How much monthly income do you want?
Remember, however, that investing involves risk. Your account values could be more, or less, than your
original principal. Past performance is never a guarantee of future returns.
original principal. Past performance is never a guarantee of future returns.
