The Year-End Financial Fitness Presentation Outline The purpose of - PDF document

The Year-End Financial Fitness Presentation Outline The purpose of the Year-End Financial Fitness seminar is to share tips on how to how to make it to the new year with money in your pocket. This seminar will review key year-end planning strategies: 1. Budgeting strategies for holiday spending 2. Tips to prepare for financial uncertainty 3. Year-end tax planning tips *The moderator will open questions to the audience after each section of the presentation.

Meet Our Speakers Luis Jara, Congressional Federal Credit Union Luis is a Consumer Lending Manager with over 18 years of experience in the credit union/banking industry. He specializes in consumer lending solutions and is committed in helping credit union members meet their lending needs and financial goals. Luis has been managing the Consumer Lending Department of Congressional Federal Credit Union for 2.5 years. John Moran, Congressional Financial Network John is a Wealth Advisor with the Congressional Financial Network and has over 35 years of experience in banking and financial services. He has a Bachelor’s degree in Finance and holds his Series 7, 63, 65, and Life and Health Insurance licenses. He works closely with his clients to fully understand their personal circumstances, their overall financial situations, objectives, risk tolerances, and liquidity needs. He is committed to helping individuals and families work towards achieving their individual and unique financial goals. John believes the key to pursuing long-term financial targets is preparing for the future now. Joseph Musumeci, CPA, Rowles & Company, LLP Joseph is a CPA and partner at Rowles & Company, LLP. He oversees the firm's tax services and provides auditing and accounting services. In addition to being a member of several industry associations, Joe serves on the State Tax Committee of the Maryland Association of Certified Public Accountants. He has also worked as an internal revenue agent learning firsthand the nuances of IRS examinations. #FourthWednesdaySeminarSeries From Capitol Hill, 6.3100 | 800.491.2328 | 703.934.8300 www.CongressionalFCU.org

institution – May Lose Value Securities offered through Securities America Inc., Member FINRA/SIPC, Mikael Hallstrom, Registered Representatives. Investments are not FDIC or NCUA Insured – Not guaranteed by any financial Federal Credit Union, USAdvisors Wealth Management, LLC and Securities America are unaffiliated. Advisory Services offered through USAdvisors Wealth Management, LLC., Mikael Hallstrom, Wealth Advisors. Congressional Personal Events that could trigger a need for financial analysis: Multiple events can affect your financial analysis, including: • Birth • Inheritance • College entrance or graduation • Annual gift giving • Preschool starting or ending • Loans being paid off • Bonuses • CDs, Bonds, and T-Bill maturing • Pay raises • Marriage/Divorce • Promotions • Retirement • Termination from work • Payouts from trusts • Death • Gifts received annually • Private primary and secondary school expenses

Identifying Key Financial Interests Use the table below to indicate those financial interests you have in light of the dreams you’ve defined. These will further identify where you want to go. CURRENT FINANCIAL POSITION INVESTMENT PLANNING DEBT MANAGEMENT PROTECTION PLANNING I would like to reduce my costs by: I am investing for a specific purpose: I would like to build on my current I want to ensure I have the right amount Consolidating loans financial position by: ◯ and type of coverage for: ◯ Buying a house or second home ◯ Disability or illness ◯ Evaluating mortgage options ◯ Balancing my assets and liabilities ◯ Starting a business Premature death ◯ ◯ Considering leasing vs. buying ◯ Understanding my cash flow Building an investment portfolio ◯ ◯ Meeting my financial goals ◯ Other ◯ Building cash reserves for unanticipated Other ◯ Planning for business continuation events ◯ I want to provide for my children: ◯ Other ◯ Protecting my personal assets (property) School/college ◯ Understanding current coverage and ◯ UGMA/UTMA gifts ◯ Social Security Health and nursing care ◯ I want to manage my existing capital by: Other ◯ ◯ Balancing my investments ◯ Enhance the return on my investments ◯ Reduce the impact of inflation ◯ Other RETIREMENT PLANNING HELPING LOVED ONES* FACTORS TO CONSIDER TAX PLANNING* I would like assistance: I would like to ensure my retirement plan I would like help expanding my legacy The following factors concern me most will help me: through: about my investments: Minimizing income taxes ◯ ◯ Project the impact of earlier or later ◯ Reducing inheritance taxes ◯ Stability of capital and/or income Minimizing capital gains taxes ◯ ◯ Lifetime giving ◯ Rate of return retirement ◯ Using tax advantaged investments ◯ Build an investment portfolio ◯ Trusts ◯ Diversification Analyzing alternative taxation strategies ◯ ◯ Pursue hobbies, interests, and travel ◯ Charitable giving ◯ Accessibility ◯ Analyzing business owners’ tax strategies ◯ Buy a retirement home ◯ Partnering with an attorney ◯ Tax efficiency Partnering with a CPA ◯ ◯ Planning for the smooth transfer of: ◯ Growth potential (hedging inflation) ◯ Other I would like to better understand: ◯ ◯ Personal assets ◯ Flexibility IRAs/SEPs/401(k)s Business assets Freedom from care ◯ ◯ ◯ Non-Qualified Deferred Comp ◯ Other ◯ Professional review ◯ Personal investments ◯ Stress testing my portfolio (bad timing, ◯ Accessing the capital in my home asset class sensitivity, etc.) I will need to manage future capital from: Other ◯ Pension lump sums ◯ Inheritances ◯ ◯ Business assets ◯ Income distribution strategies *Securities America and its representatives do not provide tax or legal advice . ◯ Other

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