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It's Your Money!
Issue  8 - May 21, 2013
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The Only Way to Earn TWO Checks for the Rest of Your Life, Guaranteed

Most of us expect to receive a social security check for the rest of our lives, but why not receive your social security check and another check guaranteed, for the rest of your life?  The only way to receive this second check is via a guaranteed lifetime income payment using an annuity.

Most annuity carriers offer a rider that enables you to receive a guaranteed lifetime income payment, and this payment is based on the funds that you have accumulated over time.  The accumulated funds grow at a guaranteed annual growth rate and depending on the age that you decide to begin receiving payments, you receive a set percentage of the accumulation funds for the rest of your life.  Most carriers also offer a joint life option that enables a surviving spouse to continue receiving the lifetime income payments after one of the spouses passes away.

In addition to offering the only guaranteed lifetime income payment option, annuities also offer significant tax benefits.  When the lifetime income payments begin, a tax exclusion ratio is applied to the payments which means only 5-25% of the payout is subject to taxes.  This is significant because social security recipients need to shelter as much income as possible to retain more of their social security benefits.

Call me to set up an annuity with a guaranteed lifetime income payment that will supplement your social security payment and provide you with two checks for the rest of your life.  It’s your money . . . until you give it away.

Did you know?

Social Security Fact:  if you are divorced, both you and your ex can collect spousal benefits (on each others work histories) after full retirement age while still postponing taking your own retirement benefits until age 70, when they are as high as can be.


If you are approaching retirement, already retired, or considering an early retirement and would like to learn more social security maximization strategies, you are cordially invited to the Social Security Maximization Lunch and Learn on Saturday, June 22, 2013 from 11:30 am to 1:30 pm at Macaroni Grill in Cedar Hill, TX.  Call to reserve your seat today because seating is limited. 

Joint Ventures

Ray Hodges Financial Group is proud to announce that it has entered into a joint venture agreement with Jerome Patten of National Credit Educational Services (NCES)  NCES is a nationally recognized company that provides credit restoration, credit counseling, credit education, and debt management services.  Jerome can be reached at 503-351-2923,,


Jerome shared with me how his credit restoration services are changing lives in the credit industry.  One of his clients saw her credit score increase from 610 to 695 in 30 days.  Today her credit score is 717.  Using his services, Jerome also raised her husband's score from 509 to 712.


Call Jerome today to start improving your credit score and changing your life.  It's your money . . . until you give it away.


Abstract Management Group (AMG) a business consulting firm that provides financial management, strategic planning, and marketing services for small businesses.  If you need a firm that specializes in assisting small businesses, AMG is your goto firm. 


Women Called Moses (WCM), a non-profit organization created to provide a secure shelter for battered women and their children . Make your charitable contributions count by giving to this worthy and necessary organization.

Business Shout Out!

The following businesses are now members of my Business Advisory Council.  All members have proven to be reputable, fair, and committed to delighting their customers.  Please join me in congratulating them!

Chef Carlos on the Square, AWESOME restaurant in Lancaster, TX, 972-218-8000

10 Minute Oil Change, HONEST car repair in Duncanville, TX, 972-572-7800

Buddy’s Sporting Goods, goto place for uniforms, sports equipment, etc, in Duncanville, TX, 972-780-8149

Dry Clean USA, the dry cleaners that keeps me so fresh and so clean, clean, Cedar Hill, TX, 972-291-9917


Want to Get Away?

From now until the end of 2013, Ray Hodges Financial Group will reward the following gift to anyone who refers FIVE individuals or businesses who become clients:

·         $1,000 travel voucher to Cheap Caribbean Vacations

·         $500 in travelers cheques

Never been to the Caribbean but have always wanted to go?  Refer your friends, relatives, associates, and business associates and have a Piña Colada or Rum Punch (my preference) on RHFG!

How to Move Your   401(k)/IRA  and Avoid the 10% Penalty

If you have ever received a distribution from your 401(k), 403(b), IRA, you not only paid taxes on that distribution, you also paid a 10% penalty for withdrawing “your” money if you were not 59 ½ or older.  If you want more control of your retirement funds and want to move your 401(k)/IRA without incurring the 10% penalty, the IRS allows a 72t distribution via Internal Revenue Code Section 72(t)(2)(A)(iv) – known as Series of Substantially Equal Periodic Payments – SOSEPP.  Once you start a 72t distribution/SOSEPP, you must take an annual distribution from your 401(k)/IRA for the longer of five years or until you reach age 59 ½ . 


There are three methods you can use to determine the amount of the distribution from your 401(k)/IRA, and all three are based upon the balance of the 401(k)/IRA account and your age.  Method one is the Required Minimum Distribution method which is based upon your account balance at the end of the previous year, divided by the life expectancy factor from a life expectancy table.  Method two is the Fixed Amortization Method which involves using your 401(k)/IRA balance to create an amortization schedule over a specified number of years. The number of years for your calculation is equal to your life expectancy factor from a life expectancy table.  Method three is the Fixed Annuitization Method, and it involves the use of your 401(k)/IRA balance and annuity factor set by the IRS.

You might want to transfer your balance from your 401(k)/IRA for several reasons namely 1) you want full control and use of your retirement funds 2) you anticipate federal income tax rates will increase to pay down the deficit, and you want to avoid the higher taxes 3) you are approaching retirement and no longer want to expose your retirement savings to potential significant losses in the stock market.

If you need to execute a 72t distribution to a safer, more tax favorable vehicle, call me to set an appointment.  It’s your money . . . until you give it away.

Did I mention . . .

If you own commercial property, and you're upside down on the mortgage, a member of my Business Advisory Council can help you refinance and

have equity in your property again.


If you own a residential property that appraises for over $420,000, and you're upside down on your mortgage, you too could refinance and have equity in your property again.  Call or email me to find out how. 


·       Looking for a featured speaker for your group, association, organization, small business, etc? I regularly present "the 10 Principles of Money Mastery" and "Social Security Maximization" to organizations just like yours. Call or email to make me your featured speaker!


Ray Hodges Ray Hodges

214-810-5881 (w)
214-675-2952 (m)
214-785-6173 (f)
1204 Ashford Dr, Desoto, TX 75115, United States
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It's your money . . . until you give it away.