american classic agency (aca) was established in 1995. aca has helped thousands of hard working...
TRANSCRIPT
American Classic Agency (ACA) was established in
1995. ACA has helped thousands of hard working
American families protect themselves against the
unexpected with life insurance, mortgage protection,
disability, long term care, and tax free income
solutions for investing and retirement. At a time when
the insurance industry was cutting back on customer
service and sales support, ACA emerged as a new
player, bridging the gap with more personal attention
and dedicated customer support.
American Classic Agency
HOW MONEY WORKS
The Rule of 72______________________________Example: $1,000 Invested at Age 40
CDs, Credit Union
Bank Savings
3% Interest
72 ÷ 3 = 24
Equity Index
12% Interest
72 ÷ 12 = 6 72 ÷ 18 = 4
At age:
40 >>>>>► $ 1,000
64 >>>>>► $ 2,000
At age:
40 >>>>>► $ 1,000
46 >>>>>► $ 2,000
52 >>>>>► $ 4,000
58 >>>>>► $ 8,000
64 >>>>>► $ 16,000
At age:
40 >>>>>► $ 1,000
44 >>>>>► $ 2,000
48 >>>>>► $ 4,000
52 >>>>>► $ 8,000
56 >>>>>► $16,000
60 >>>>>► $32,000
64 >>>>>► $64,000
Stock Market
18% Interest
100 Man Story
U.S. Population at age 65
Government / Family / Charity
Already Died
Still Working Financially Stable
8%11%
25% 56%
Based On Your Current Savings Habits, Where Will YOU Fall?
Annual Social Security Study
Taxes
Inflation
Two Battles
1. Free Money
2. Tax-free Money
3. Tax Deferred Money
4. Taxable Money
Smart Retirement Money Order
1. Free Money- Inherited - Matching 401(k) Money
2. Tax-free Money
3. Tax Deferred Money
4. Taxable Money
Smart Retirement Money Order
1. Free Money
2. Tax-free Money- Roth IRA- Life Insurance Cash Value*
3. Tax Deferred Money
4. Taxable Money
Smart Retirement Money Order
*Policy loans and withdrawals reduce the policy’s cash value and death benefit and may result in a taxable event. Withdrawals up to the basis paid into the contract and loans thereafter will not create an immediate taxable event, but substantial tax ramifications could result upon contract lapse or surrender. Surrender charges may reduce the policy's cash value in early years.
1. Free Money
2. Tax-free Money
3. Tax Deferred Money- Annuities- Tax-Qualified Plans such as
401(k), TSP, 403(b),IRA, etc.
4. Taxable Money
Smart Retirement Money Order
Smart Retirement Money Order
1. Free Money
2. Tax-free Money
3. Tax Deferred Money
4. Taxable Money– Wages– Capital Gains– 1099 Interest- Social Security
Smart Retirement Money Order
1. Free Money
2. Tax-free Money
3. Tax Deferred Money
4. Taxable Money
Any contribution above the match of your 401(k)/TSP becomes tax-
deferred money, and skips over #2 completely.
Term vs. PermanentTerm Insurance
(Rent) Low cost –
initially Cost goes up No equity or
cash build up Coverage ends Purchased to
meet temporary needs
Permanent Insurance (Own)
High cost – initially Cost is level Equity Coverage never
ends Owned to meet
permanent goals
$