Issue Seventeen

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It's Your Money!
Issue 17 - February 24, 2015
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The $120,000 You'll Never See

In 2012, the US Department of Labor issued a rule requiring more transparency regarding fees associated with retirement plans – 401(k), IRA, etc. Not surprisingly, the retirement plan administrators, money management firms, and your current financial advisor were none too happy about this ruling. Why? Because most people saving for their retirement have no idea how much of their retirement savings is being eaten up by operating fees, advisory fees, and hidden fees.

Some of you may have seen this 60 Minutes segment in 2013 The 401k Fallout that called attention to this problem that continues to affect millions of Americans who are diligently saving for their retirement. This segment also made us all aware of the mediocre mutual funds that are used to invest your retirement savings and the shady, behind the scene agreements that lead to the selection of some of those mutual funds. I plan to do an article comparing my exchange traded funds versus the mutual funds used in your 401k, IRA, etc. Trust me. You want to move your retirement savings to one of my funds, but for now, let’s take a closer look at the fees.

The most I charge in fees for my retirement plans and accounts is 1.9%. Your 401k/IRA that contains mutual funds is costing you at least 3% per year. And that’s being conservative. If you have $100,000 in your 401k, that 1.1% difference in fees equals $1,100 in additional fees per year. Over 20 years, you would miss out on approximately $60,000 in retirement savings. If you have $200,000 in your 401k, you would give away almost $120,000 in retirement savings. Ask a Baby Boomer who is retired and on a fixed income whether an extra $120,000 would be helpful right now.

Email or call me today to set an appointment to either open a retirement account or to roll over your retirement funds so that you can pay lower fees and enjoy more of your retirement savings. 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 personalized, free "Social Security Maximization" report.  It's your money . . . until you give it away.

Joint Ventures

Marcus Robin, owner of AFIG, LLC www.goafig.com.  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), www.womencalledmoses.org 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

 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

 

"I Know So" Money vs "I Hope So" Money

We’ve all been told “Save and invest your money” but unfortunately, most of us were never given any specific direction or guidelines to decide where to save and invest other than our 401(k). There are numerous products and options, but how do you know what to do with your money? 

There is a simple method to use along with a rule of thumb that will make your decision making a lot easier, and you don’t have to be a financial advisor to understand it. Most financial options fall into two categories: green money and red money. Green money options are safe money options that have no exposure to the risk of neither market downturns nor interest rate fluctuations. Green money is also referred to as “I know so” money. Examples of green money would be CD’s, checking accounts, savings accounts, and fixed annuities. Green money options often offer built-in guarantees and can offer guaranteed lifetime payments – hence the name “I know so” money

Red money options are at-risk options that are exposed to loss due to market downturns or interest rate fluctuations. Red money is also referred to as “I hope so” money. Examples of red money would be stocks, bonds, mutual funds, and variable annuities. Red money options offer unlimited upside potential but carry the risk of losing all of your money – hence the name “I hope so” money

To determine how much of your money should be green vs. red, use the “Rule of 100.” Simply subtract your age from 100, and the difference is the recommended percentage to contribute to red money options. For example if you are 60 years old, 100 – 60 = 40 therefore no more than 40% of your money should be in red money options and 60% should be in green money options. 

Call me today to receive a free “Color of Money” report to help determine how to allocate your money. It’s your money . . . until you give it away.

Did I mention . . .

If you recently married, had a newborn baby or grandchild, bought a new home or recently divorced, you may need to increase or update your life insurance needs.  You can now use my quoter for a hassle-free quote! Because I'm contracted with over 40 carriers, my quotes are the most competitive in the country!  Go to  http://www.bestlifeinsurancequotesonearth.us to get a free quote and apply online! 

Updates

·       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!



 

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.

Ray Hodges Ray Hodges

214-810-5881 (w)
214-675-2952 (m)
214-785-6173 (f)
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Website
 
Twitter
 
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Facebook
 
YouTube
 
1204 Ashford Dr, Desoto, TX 75115, United States
To no longer receive emails from this sender,  click here
It's your money . . . until you give it away.

Issue Sixteen

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It's Your Money!
Issue 16 - January 1, 2015
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Ray Hodges Financial Group is Now an Investment Advisor Representative!!

As owner of Ray Hodges Financial Group, I am pleased to announce that I am now a licensed Investment Advisor Representative (IAR) with Redhawk Wealth Advisors which is based in Minneapolis, MN.

 

This means that in addition to the services I currently offer such as fixed index annuities for your retirement needs, life insurance products from over 40 life insurance carriers, health insurance, and long term care insurance, as an IAR, I now offer the following products and services:

 

·         401(k), 403(b)/TSA for your retirement savings

·         IRA, Roth IRA for your retirement savings

·         529 for your college savings

·         Mutual funds and money market funds

 

I am now able to provide 403(b)/TSAs at the following school districts:

 

·         Dallas ISD

·         Ft. Worth ISD

·         Arlington ISD

·         Cedar Hill ISD

·         Grand Prairie ISD

 

There are at least two characteristics that differentiate my products and services from competing financial advisors.  First, if you compare my fees, you will almost certainly discover mine are significantly less.  I’d be happy to do a fee comparison for you, free of charge.  The savings you will experience by moving your funds to my practice could be tremendous.  As an example, if you’re paying over 3% a year in fees on a $100,000 IRA, Roth IRA, or mutual fund account, that’s over $3,000/year.  Over a 20 year career, that’s more than $60,000 in fees you’ve given away.  Switching to my practice could cut those fees in half.

 

Second, while typical 401(k) and 403(b) retirement portfolios are passively managed and therefore historically underperform, my advisor firm leverages money managers from high net worth portfolios to actively manage your     401(k) and 403(b) accounts.  For once, middle class clients can take advantage of the benefits enjoyed by high net worth, wealthy clients.

 

If you’ve been waiting to start your retirement savings or want to move your retirement funds in order to grow your account and save on fees, email or call me today to make an appointment to start the process.  In some instances, I can even offer automatic payroll deduction so you’ll be well on your way.  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 personalized, free "Social Security Maximization" report.  It's your money . . . until you give it away.

Joint Ventures

Marcus Robin, owner of AFIG, LLC www.goafig.com.  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), www.womencalledmoses.org 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

 

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

 

The Habit of Saving

In Napoleon Hill’s book The Law of Success written in 1928, he lists 16 behaviors that he felt would ultimately lead to your success.  One of those behaviors included the habit of saving.  For the month of January, I’ll be posting on my Facebook page excerpts from this chapter, and I encourage you to follow me at http://facebook.com/RayHodgesFG to learn how to develop this habit.

 

While I admit I was inspired by Napoleon Hill’s book to write this article, the reasons that you should develop the habit of saving are much more practical and immediately necessary.  Because I specialize in retirement planning, I have the opportunity to work with Baby Boomers (ages 50 and older) regularly.   The one comment I hear consistently is “I sure wish I had saved more when I was younger.”  Sometimes it breaks my heart when I’m working with a prospective client, and we both know that all he/she has to live on is the monthly social security payment.  In 2013, the average monthly social security payment for retired workers was $1,294.  What kind of life will you have if you only have $1,294 per month to live on during your retirement?

 

Since pensions are a thing of the past, the onus is on you to provide for yourself during your retirement.  Baby Boomers who haven’t saved enough for retirement are forced to continue working.  Hopefully your employer won’t “encourage” you to retire early, but if you’re forced to look for another job, you will almost certainly face age discrimination which has been very discouraging for my prospective clients.

 

Developing the habit of saving now is the only way to avoid the heart breaking outcomes I’ve witnessed among some of my prospective clients.  The time will pass faster than you think so get started NOW!  Email or call me today to create a plan to fund your savings and retirement savings.  It’s your money . . . until you give it away.

Did I mention . . .

If you recently married, had a newborn baby or grandchild, bought a new home or recently divorced, you may need to increase or update your life insurance needs.  You can now use my quoter for a hassle-free quote! Because I'm contracted with over 40 carriers, my quotes are the most competitive in the country!  Go to  http://www.bestlifeinsurancequotesonearth.us to get a free quote and apply online! 

Updates

·       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!



 

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.

Ray Hodges Ray Hodges

214-810-5881 (w)
214-675-2952 (m)
214-785-6173 (f)
Logo
 
 
Website
 
Twitter
 
LinkedIn
 
Facebook
 
YouTube
 
1204 Ashford Dr, Desoto, TX 75115, United States
To no longer receive emails from this sender,  click here
It's your money . . . until you give it away.

Issue Fifteen

214-810-5881 - Website View in Browser →
 
It's Your Money!
Issue 15 - May 28, 2014
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What Goes Up Must Come Down

That was the first line of the hit song, “Spinning Wheel” by Blood, Sweat and Tears in 1969, and you would be wise to consider this lyric when thinking about your retirement savings and the current inflated stock market.

Though some of you may be too young to remember this song, those of you who do remember it are the very people who concern me the most. If you are 55 years of age or older (I would include 50+ as well.) and still have the majority of your hard-earned retirement savings exposed to stock market losses within a 401(k), IRA, or variable annuity, you are taking a dangerous risk that could lead to catastrophe. Think about the last two market collapses that occurred. In 2002, the S&P 500 plummeted by 46%. In 2009, the S&P 500 sank by 59%. Now think about how your retirement savings will be affected when the stock market comes tumbling down.

Back in December 2013, I wrote an article titled “I Know So” Money vs. “I Hope So Money” within which I provided a rule of thumb that you can use to determine how much of your retirement savings should be exposed to market loss. If you subtract your age from 100, the resulting number is the maximum percentage that should be exposed to market loss. I suggest the rest be placed within a financial vehicle that guarantees 100% protection of your savings and has no exposure to risk. For example, if you are 55 years of age, 100 – 55 = 45. No more than 45% of your retirement savings should be exposed to risk, and the remaining 55% should be in a place completely safe from market loss. I highly recommend a fixed index annuity for that percentage of your retirement savings that you can not afford to lose.

Email or call me for a copy of “The ABCs of Annuities”, a FREE DVD I provide to all of my clients and future clients who are interested in protecting their hard-earned retirement savings. 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 personalized, 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 www.goafig.com.  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), www.womencalledmoses.org 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

 

Are You Looking at the Big Picture?

Everyone should have an idea of their financial big picture and the two most important things you need to know are 1) where you are financially and 2) where you want to go financially. When you think of your financial picture, you have to answer these two questions if you plan to master your money.

If you don't understand the emotions behind your spending, you aren't ready to look at the big picture. If you don't have spending under control, you aren't ready to look at the big picture. If you haven't begun to save at least 1% of your income and started powering down your debt, you aren't ready to look at the big picture. Don't look up one day and regret not looking at your big picture.

Having a big picture view means you can also answer these three questions: 1) At what age do I want to retire (have enough passive income to wake up in the morning and elect to work or not)? 2) How much money do I want to receive each month when I reach this retirement age? 3) Do I have specific plans to assure I will receive this desired income? If you have not asked/answered these questions, when will you?

Email or call me today to begin answering the questions necessary to create your big picture. It’s your money . . . until you give it away.

Did I mention . . .

If you recently married, had a newborn baby or grandchild, bought a new home or recently divorced, you may need to increase or update your life insurance needs.  You can now use my quoter for a hassle-free quote! Because I'm contracted with 37 carriers, my quotes are the most competitive in the country!  Go to  http://www.bestlifeinsurancequotesonearth.us to get a free quote and apply online! 

Updates

·       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!



 

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.

Ray Hodges Ray Hodges

214-810-5881 (w)
214-675-2952 (m)
214-785-6173 (f)
Logo
 
 
Website
 
Twitter
 
LinkedIn
 
Facebook
 
YouTube
 
1204 Ashford Dr, Desoto, TX 75115, United States
To no longer receive emails from this sender,  click here
It's your money . . . until you give it away.