1 15-12 front and back of mc cards 6 x4 landscape rev 1
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Transcript of 1 15-12 front and back of mc cards 6 x4 landscape rev 1
Jaimie M. BlackmanFounder of MoneyCapsules®
14 E 60th Street Suite 402 New York, NY, 10022212-829-0265
moneycapsules.com
Prepared by:
Prepared for:
_______________________
Date ________________
Copyright © 2012 Mediasolutions Inc. DBA MoneyCapsules® Moneycapsules.com All rights reserved.
For educational purposes only. V 1A
About Jaimie BlackmanBecause of the complexity of the financial landscape, I believe that investors continue to make poor money decisions causing short term losses and destruction of multigenerational wealth for three reasons:
1- Poor communication between most trusted advisers and clients
2- Financial resources are not organized correctly for clients to easily comprehend the full picture
3-Inability to “see” problems until it’s too late
Jaimie Blackman, MS, CWS ®Founder of MoneyCapsules®
Jaimie Blackman’s twenty five years of work experience span the fields of business consulting, wealth management, and financial education. He holds an MS in Education, A Certificate in Financial Planning, and is a Certified Wealth Strategist® practitioner.
What is MoneyCapsules®? Most people don’t know what they want until you show it to them. Steve Jobs
MoneyCapsules® transforms complex financial jargon into 7 simple visuals and words, helping to identify deficiencies in financial health promoting better money decisions.
Why Use MoneyCapsules®?If I asked people to tell me what they wanted they would have asked for a faster horse.
Henry Ford
The complexity of the financial landscape makes it nearly impossible for clients to ask the right questions to trusted advisers and by default abdicate critical decisions to professionals. Financial decisions based on incomplete information are potentially catastrophic and may include:
• Outliving retirement income• Inability to pay daily expenses• A loss in standard of living• Erosion of wealth transfer
How does MoneyCapsules® work?Our 3 step unique process is taught during a personalized
meeting where we help you: • Organize- your financial resources & priorities
• Understand- the balances & imbalances in your financial life
• Decide- by applying your perspective to our best practices
CashStocks &
BondsAlternatives Insurance
Balance/ImbalanceAdviserClient
Priority
1 2 3 4 5 6 7
Cash- Flow & Cash - Reserve in the right balance are essential for financial health.
Cash Reserve $_________
Cash In
Salary $__________
Guaranteed Income $__________
Portfolio Income $ __________
Other Income $ __________
Total Cash In $__________
Cash Out $_________All expenses i.e. Living, Taxes, Liabilities
Total Cash In $__________
Total Cash Out - $__________
Cash Flow +/- $__________
Balance/ImbalanceAdviserClient
Priority
CashStocks &
BondsAlternatives Insurance
If investments are not growing fast enough, the thief in the night called inflation , eventually robs you of purchasing power.
1 2 3 4 5 6 7
Stocks $ ___________
Bonds $___________
Cash $___________
Alternatives $___________
Total Investments $___________
Asset Allocation
Stocks ___ % Bonds ___ % Cash % A.I. ___ %
Qualified
IRA $_________
Roth $_________
SEP $_________
401 (K) $________
DBP $__________
Total Qualified $_________
Non-Qualified Allocation _____%
Qualified Allocation ______%
Non-Qualified
Account #1$_______
Account # 2 $________
Account # 3 $________
Account # 4 $_________
Account # 5 $_________
Non-Qualified
Account #6 $_______
Account # 7 $________
Account # 8 $________
Account # 9 $_________
Account # 10 $_________
Balance/Imbalance
AdviserClient
Priority
CashStocks &
BondsAlternatives Insurance
Centenarians are the fastest growing segment of the population . Outliving money is a real concern. A strategy for maximizing income is essential.
1 2 3 4 5 6 7
Guaranteed Life Time IncomeSocial Security $______Pension $______Annuity $______Other $______
Total Guaranteed Life-time Income $ ______
IncomePortfolio $______Bonds $______Alternatives $______Other $______
Total Portfolio Income $______ Total expenses $______
Guaranteed Life-Time Income $______
Percentage of G.L.I. covering expenses %______
Balance/Imbalance
AdviserClientPriority
CashStocks &
BondsAlternatives Insurance
In a world filled with uncertainty, managing the unexpected plays a critical role in your financial health.
1 2 3 4 5 6 7
Health & LifeLife Insurance: Insured _______ Death Benefit _$_____ Type ______ Ownership ____ Beneficiary__
Long Term Care: Benefit $_______ Years____ Inflation__
Disability: Benefit $______ Own Occupation __
Property & CasualtyHome _____ Auto ____Umbrella ________ Business____
Health InsurancePrivate ________ Medicare _______Other _______
Will & DirectivesSimple Will ____
Durable POA _____
Health Care Proxy ____
Living Will ____
Titling Assets/Tax EfficiencySole ownership ____JTWROS ____TOD ____Tenants in common ____Tax Efficiency ______
Balance/ImbalanceAdviserClient
Priority
CashStocks &
BondsAlternatives Insurance
1 2 3 4 5 6 7
Give me a lever long enough, and I can move the earth.. Archimedes Time is the lever when it comes to investing.
Short–Term0-5yrs
Event:Date:$_____
Event:Date:$_____
Event:Date:$_____
Inflation Adjusted Income Requirements @3% 4% 5%
Long-Term10-15+
Mid–Term 5-10yrs
10 years
Important Events
20 years 30 years
Balance/Imbalance
AdviserClientPriority
CashStocks &
BondsAlternatives Insurance
1 2 3 4 5 6 7
We make a living by what we get. We make a life by what we give. Winston Churchill Tax efficiency will maximize our gifts
Life-Time GivingAnnual gifting ___Control ___Gifting cash ___Gifting appreciated assets ___
Legacy givingGift tax___Control____Estate Tax ____GST____To spouse____To grandchildren ___Tuition payments___
Charitable GiftingCash____Private Foundation ___Donor Advised Fund __Charitable Remainder Trust ____Family Limited Partnership_____
Trusts Minor’s Trust ____ Crummey Trust ____ Irrevocable Trust ____Living Trust ____QRT ____ GRATS ____ ILIT _____Other _________
Stocks & Bonds
Balance/ImbalanceClient
Priority
CashStocks &
BondsAlternatives Insurance
Know Thyself, Socrates
There is no greater factor for creating multigenerational wealth and happiness than our own behavior.
Adviser
1 2 3 4 5 6 7
Life Planning*
1- Imagine that you have enough money to take care of your needs, now and in the future. How would you live your life? Would you change anything?
2-Imagine that your doctor says you have only five to 10 years to live. You won't feel sick, but you'll never know when death will come. What will you do? Will you change your life? How?
3- Now imagine that your doctor says you have only one day left to live. Ask yourself: What did I miss? What did I not get to be or do?
*George Kinder Institute
Family Messages• Early memories regarding money• Lessons you learned. • What lessons would you like to unlearn?• Account value vs. personal value
Behavioral Finance• Market bubbles and market crashes can be
explained by irrational behavior patterns driven by greed and loss aversion.
• If I lose $100 I need to gain $200 to neutralize the loss.
• If the market declines 35% what performance would I accept in my portfolio? What action would I take?
If the market advances 35% what performance would I expect in my portfolio? What action would I take?
DecideBy applying your perspective to best practices• ___________________________________
• ___________________________________
• ___________________________________
Organize
Top 3 Priorities
• ____________________ Why?_________________________
• _____________________ Why?________________________
• _____________________ Why?_______________________
UnderstandBalances & Imbalances
CashCash
Growth
Income
RiskRisk
Time
GivingGiving
Integration
Next Step
Our next meeting will take place
Date: _________________
Time: _________________
Key points to discuss
• ___________________________________________________________________________
• _________________________________________________________________________
• _________________________________