Issue Fourteen

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It's Your Money!
Issue 14 - February 25, 2014
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This Could Destroy Your Retirement in Two Years

An executive within the Long Term Care industry recently said that if long term care is not an integral part of your retirement planning, your retirement income could be wiped out.  To help my clients and future clients fight that threat, I've partnered with Blaine Webb, a highly respected Long Term Care Specialist, to offer my clients and future clients the most comprehensive long term care benefits in the Metroplex.

The statistics are startling and undeniable.  At least 70% of people over age 65 will require long-term care services at some point.  Think long term care is just for the elderly?  Think again.  40% of working adults 18 to 64 will need long term care.  In 2000, 3.6 million or 37% of those who needed long term care were under age 65.  40% of those over age 65 will need care in a nursing home.

If the statistics are startling, the costs for long term care are frightening.  In 2012, a private room in a nursing home cost an average of $248 daily or more than $90,500 annually.  A semi-private room ran $222 daily or more than $81,000 per year.  And the average nursing home stay is 835 days, or more than two years.  That's $207,080 for a private room, and $185,370 for a semi-private room.

For less than you think, you can purchase a long term care plan that will provide for you when you eventually need it and protect your retirement income.  Call me to learn about the affordable long term care options available to you!  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, call me to receive your free "Social Security Maximization" report.  It's your money . . . until you give it away.

Joint Ventures

Ray Hodges Financial Group is proud to announce that it has entered into a joint venture agreement with Marcus Robin, owner of AFIG, LLC  AFIG is an independent insurance agency that offers auto, home, life, health, commercial, business, and motorcycle insurance.  Call AFIG today at 469-461-3381 to compare your insurance rates to see if Marcus and his staff can save you money.  It's your money . . . until you give it away.


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!

Nathan Lawrence Group, LLC, OUTSTANDING and PROFESSIONAL web, video/audio, video commercial, and elearning in Dallas, TX, 214-212-6161


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


College Bound Rewards Program

RHFG recently signed an agreement that enables clients to earn College Bound Rewards at select private universities at over 300+ colleges in 45 states which includes Austin College, Lindenwood University, Fontbonne University, Clark Atlanta University, Morris Brown College, Bradley University, and DePaul University to name just a few.  The program is similar to an airlines frequent flier program in that all points/dollars accumulate FREE OF CHARGE and can be applied at any member school.  Current maximum reward range is $10,800 to $44,075.  Call me today for more details.

The Financial Game Continues to Change

Hopefully, based on Money Mastery Principle 5, you've begun to think about areas you need to grow in financial knowledge, but it's also important to remember that the rules aren't static, and you need to stay aware of rule changes that might affect your finances. Consider an example in the banking industry. Years ago, when you bounced a check, the bank would charge a dollar or two for overdraft fees which was the bank's actual cost to return the check. Now a bank charges close to $40 in overdraft fees, AND IT STILL ONLY COSTS THE BANK ABOUT $3 TO PROCESS THE BOUNCED CHECK.

A 2004 AP article reported "the US tax code now stands at more than 1.5 million words because of more than 12,000 changes enacted by Congress in the past two years alone." Choosing to not have at least some awareness of these changes is dangerous to your financial health.

The best way to protect yourself from cash flow problems that might occur due to financial rule changes is to begin to implement at least three principles:  Principle 2 - When you track your money, you control it.  Principle 3 - Savings is delayed spending.  Principle 4 - Power down your debt, and power up your fortune.  When you're fundamentally sound financially, your foundation won't be rocked by unforeseen changes.

Call me to set an appointment to put your financial plan in place TODAY!  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 "10 Principles of Money Mastery", "Financial Education in the Workplace", "Social Security Maximization", and "Color of Money" 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.