ufos, social security & swimming naked: improving your financial planning before the tide goes...

©2006 Caldwell Consulting Ltd, All Rights Reserved.

Thanks for joining us. We will begin shortly.

UFOs, Social Security and Swimming Naked: Improving financial plans before the tide goes out.

©2006 Caldwell Consulting Ltd, All Rights Reserved.

“…question is not how old are people now, but when were they young”1

[1]Bowling Alone: The Collapse and Revival of American Community, Robert D. Putnam, Simon & Schuster, New York, 2000, p. 251.

[1]Bowling Alone: The Collapse and Revival of American Community, Robert D. Putnam, Simon & Schuster, New York, 2000, p. 251.

©2006 Caldwell Consulting Ltd, All Rights Reserved.

Our Agenda Today

Historical musical tourHistorical musical tour

Observations about generationsObservations about generations

Table discussion, discovery & decisionTable discussion, discovery & decision

©2006 Caldwell Consulting Ltd, All Rights Reserved.

We Can’t Start the Fire©

copyright: 1989 Joel Songs; All rights controlled and administered by EMI Blackwood Music, Inc All rights reserved, International copyright

secured

copyright: 1989 Joel Songs; All rights controlled and administered by EMI Blackwood Music, Inc All rights reserved, International copyright

secured

©2006 Caldwell Consulting Ltd, All Rights Reserved.

About 50 Years of History in 4:30 min. with stops in-between by Billy Joel and friends

What are start and end What are start and end years for song?years for song?

Most significant Most significant event(s) for you and event(s) for you and table partners during table partners during these years?these years?

Note as many events Note as many events as you remember, as you remember, quantity matters.quantity matters.

©2006 Caldwell Consulting Ltd, All Rights Reserved.

Generational Cohorts

As of 2006

Birth Years

•Seasoned Matures >61+

1909-1945

•Boomers 42-60 1946-1964

•Gen X 27-41 1965-1979

•Millennials < 26 1980-2000

©2006 Caldwell Consulting Ltd, All Rights Reserved.

What’s a Generation?

Shared values

+ Common experiences

©2006 Caldwell Consulting Ltd, All Rights Reserved.

Do you plan on working past 65 years old?

©2006 Ipsos Public Affairs and Aetna survey, 517 adults, Ages 45-64, margin of error +/-

1%

©2006 Ipsos Public Affairs and Aetna survey, 517 adults, Ages 45-64, margin of error +/-

1%

54% said YES

45% said NO

Generations surveyed: Mostly boomers and younger seasoned matures

©2006 Caldwell Consulting Ltd, All Rights Reserved.

Which do I believe in; ufos or will social security still exist when I retire?

The Luntz Research Companies / Mark A. Siegel And AssociatesINTERVIEW SCHEDULE18-34 SurveyN= 500 - Margin of Error +/- 4.4%September 1994

The Luntz Research Companies / Mark A. Siegel And AssociatesINTERVIEW SCHEDULE18-34 SurveyN= 500 - Margin of Error +/- 4.4%September 1994

46% sa

id Y

ES

63% said NO!!Bonus question: Which generation(s) made these choices?Young Boomers

and Gen X

©2006 Caldwell Consulting Ltd, All Rights Reserved.

401(K) Participation Rate by Generation

•Millennials [age 18-25]31.3%

•Gen X [ages 26-41]63%

•Boomers [ages 42-59] 72%©2006 Hewitt Associates, LLC ©2006 Hewitt Associates, LLC

©2006 Caldwell Consulting Ltd, All Rights Reserved.

“It's only when the tide goes out that you learn who's been swimming naked.” Warren Buffet

©2006 Caldwell Consulting Ltd, All Rights Reserved.

Your Discussion-Discovery

-Decision DiscussDiscuss youthful youthful

experiences and experiences and values learnedvalues learned

Discover Discover generational generational influences on your influences on your financial plansfinancial plans

DecideDecide with with Tim Tim DierkesDierkes your your financial choicesfinancial choices

©2006 Caldwell Consulting Ltd, All Rights Reserved.

Thanks for

coming today!!

Doug Caldwell

The Success Faciliator

+1-214-641-4084

Doug@dougcaldwell.net

Doug Caldwell

The Success Faciliator

+1-214-641-4084

Doug@dougcaldwell.net