straightline cmu fiscally fit 2-21-20 - final.ppt ... 2020.pdf · microsoft powerpoint -...
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StraightLine Education
CMU Fiscally Fit
“The 3 P’s for Pre-Retirees”
Predictions, Protection, Pitfalls
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Michael F. Bisaro AIF®
Vice President
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Predictions
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Predictions
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Predictions
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Protection
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The proper number of funds
The proper style of funds
Reviewing past performance only
Diversify Accounts Properly
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Diversify Accounts Properly
Source: Lazard Asset Management, January 2020
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What Makes An Account Conservative?
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Interest Rates Since 1980
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Rising Interest Rates?
Bond prices and interest rates generally move in opposite directions
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What Makes An Account Conservative?
Future diversification may require different thinking
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Pitfalls
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1) Budget your expenses – current & future
2) List “Guaranteed” sources of income
3) Gap between 1 & 2 = Amount to come fromsavings
4) Size of the gap determines how large yourpool of investments must be
Withdrawal Rates
3-5% +
Not Understanding YOUR Needs
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Ideal withdrawal rates – Approximately 3-5%
Required Annual
Withdrawal
Your Approximate
“Number”25x =
Not Understanding YOUR Needs
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Required Annual
Withdrawal
Your Approximate
“Number”25x =
Monthly Spending Need = $1000
$12,000 $300,00025x =($300,000 x 4% = $12,000)
($12,000 / 12 = $1000 per month)
Not Understanding YOUR Needs
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Required Annual
Withdrawal
Your Approximate
“Number”25x =
Monthly Spending Need = $2500
$30,000 $750,00025x =($750,000 x 4% = $30,000)
($30,000 / 12 = $2500 per month)
Not Understanding YOUR Needs
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Increasing Savings vs. Reducing Expenses
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2020 403(b) AND 457 contribution limits
Catch-up (age 50+)
Increasing Savings vs. Reducing Expenses
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2019 AND 2020 IRA contribution limits
Catch-up (age 50+)
*2019 Contribs. can be made until April 15, 2020
Increasing Savings vs. Reducing Expenses
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Required Annual
Withdrawal
Your Approximate
“Number”25x =
Monthly Spending Need = $1000
$12,000 $300,00025x =($300,000 x 4% = $12,000)
($12,000 / 12 = $1000 per month)
Increasing Savings vs. Reducing Expenses
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Not “Maximizing” Social Security
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Wills
Powers of Attorney
Healthcare
Financial
Trusts
Failing to Protect Your Estate
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StraightLine Group, LLC
The opinions and information contained herein have been obtained or derived from sources believed to be reliable, but StraightLine Group LLC makes no representation as to their timeliness, accuracy or completeness or for their fitness for any particular purpose. This report is not intended as an offer or solicitation for the purchase or sale of any security or other financial instrument. Securities, financial instruments or strategies mentioned herein may not be suitable for all investors. This does not take into account your individual circumstances, investing objectives, tax or financial situation, or your existing or target portfolio. You should view this information and general guidance in the context of your overall portfolio construction, asset allocation, and whether a particular equity should be bought, held, or sold in relation to the current market environment.
Thank You!
877-338-4032straightline.com/cmu
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Pro(B) – Ongoing, active management of your account
ProAdvice – Ongoing advice to help you manage your account
• Service models:
Our solutions remove the time commitment and confusion of investing in your CMU 403(b) & 457
• Value to you:
• Solutions:Investment management and advisory services to 403(b) & 457 retirement plan participants
StraightLine: A Unique Resource
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Investment Management Fees
Fees can be deducted from CMU accounts
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Our Commitment To You