Christian Perspective

1
Christian Perspective

• Ecclesiastes 510
• Whoever _____ _______ never has ______ enough
  whoever _____ ________ is never satisfied with
  his income. This too is meaningless.
• Hebrews 135
• Keep your lives free from the _____ ___
  _______ and be content with what you have
• I Timothy 610
• For the ____ __ ______ is a root of all kinds
  of evil.

2
Christian Perspective

• I Corinthians 162 (Paul speaking)
• On the first day of each week, each one of you
  should ____ ______ a sum of money in keeping
  with his income, _______ ___ ___ ,
• Proverbs 1311
• Dishonest money dwindles away, but he who _______
  _______ ________ by _______ makes it grow.
• Proverbs 1322
• A good man _______ ___ ______________ for his
  children's children,

3
401K, 403B, 457, SEP Retirement Plans

• Company sponsored retirement savings plans
  (supported by multiple types of mutual funds)
• 401K offered by ____________________ companies
• 403B offered by ____________________ companies
• 457 offered by _______________
  _____________
• SEP available for ______________ _____________
• In many cases, these retirement savings plans are
  __________ company sponsored _________ _______

4
401K, 403B, 457, SEP Retirement Plans (contd)

• Maximum contribution is ________ of earned
  income subject to a maximum amount per year
• Tax favored (advantaged)
• Additions are made with ________________
  dollars
• All interest/dividends are _______
  _____________
• Most companies will match the first _______ of
  each employees contribution
• All balances must be ________ _______ to an IRA
  when you leave a job (to avoid taxes and _______
  tax penalties)

5
Individual Retirement Accounts

• Traditional IRA (very similar to a 401K or
  403B plan)
• All new contributions are made with
  ______________ dollars
• All mutual funds gains are ________
  _____________________
• All future withdrawals are _____________
  _______________
• You must begin withdrawing money at age
  ____________
• Main use _______________________________________
  ___
• Roth IRA (introduced in 1997)
• All new contributions are made with _________
  _____ dollars
• All mutual fund gains are __________
  _______________
• All future withdrawals are __________
  _______________ after age _______________
• You do not have to begin withdrawing money at age
  _________

6
Retirement Savings Strategy

• Begin investing ____ your first day at work
• You will never ______ what you never ______
• You will not have to make tough __________
  ______
• Recommended Investment Strategy
• First, invest in a ________ up to the matching
  pct
• Second, invest in a ________ _________ up to
  the maximum amount allowed per year (4,000 in
  2005).
• Third, go back and invest in your _________ up to
  the maximum amount allowed per year (14,000 in
  2005)

7
Retirement Savings Example

• Your first job pays _____________ per year and
  you get a raise of ______________ per year
  thereafter
• You contribute _________ each month (Payroll
  Deduction)
• Your employer matches the first _______
  contribution
• You contribute _______ for ________ years (ages
  2267)
• Your final retirement nest egg will be
• 401K Roth IRA Total
• _________ __________ ___________ ( 5
  - pessimistic)
• _________ __________ ___________ ( 6
  - conservative)
• _________ __________ ___________ ( 8
  - avg last 30 yrs)
• _________ __________ ___________ (10
  - optimistic)

8
Summary

• Every person is eligible to invest in their
  future
• You will secure your financial future if you just
  follow one simple rule. Invest 10 beginning day
  one of your career
• Dont borrow from your 401K or Roth IRA!
• College is still the best option if you want
• More initial career options
• Higher starting salary
• More career advancement opportunities