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Financial Health Checkup Financial Health Checkup

Financial Health Checkup - PowerPoint Presentation

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Uploaded On 2018-09-18

Financial Health Checkup - PPT Presentation

Diagnose your debt and make saving for the future easier Retirement on the Brain Speakers Retirement on the Brain First Last Name Title The Standard First Last Name Title The Standard ID: 669915

brain retirement standard debt retirement brain debt standard plan stancorp financial investment credit services income group loan dti interest

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Slide1

Financial Health Checkup

Diagnose your debt and make saving for the future easier

Retirement on the BrainSlide2

Speakers

Retirement

on the

Brain

First Last Name

Title, The Standard

First Last Name

Title, The StandardSlide3

Everyone has debt

Retirement

on the

Brain

Good

Debt

Mortgage or rent

Student loan

Bad Debt

Car loan

Credit card balancesSlide4

Debt can easily spiral out of controland lead to a financial health crisis.

Retirement

on the

BrainSlide5

Did You Know?

Retirement

on the

Brain

Only 37% of Americans have enough savings to cover a $500

to

$1,000 emergency.

Bankrate, 2016

The average student in the Class of 2016

has $37,172 in student loan debt. — Federal Reserve Bank of New York, 2016

The average household that’s carrying credit card debt has a balance of $15,654. — NerdWallet, 2017Slide6

Get a financial health checkupDiagnose your debt

Retirement

on the

BrainSlide7

Debt-to-Income Ratio (DTI)

Retirement

on the

Brain

Minimum monthly debt payments ÷ monthly income

= DTI%Slide8

DTI Example

Retirement

on the

Brain

James

40 years old

Earns $48K a

yearSlide9

Retirement

on the

BrainSlide10

Debt-to-Income Range Chart

Retirement

on the

Brain

James’

Debt-to-Income RatioSlide11

Remedies to Lower Your DebtHigh Interest Regimen

Focus on high-interest debts

Small Balance

Therapy

Focus on your smallest debtsSlide12

Heal and Restore with

Debt-Reduction Tools

Search online for

WebsitesAppsSoftware

Spreadsheets Slide13

Good Money Habits to Follow NowWhenever you can, use cash — not credit — for purchases.Set up automatic bill pay to avoid late-payment

charges, which can add up.

Use extra cash — like bonuses and pay raises — to reduce the principal on loans.

Explore ways to lower the interest rate on your credit cards and loans. Slide14

Saving MilepostsSlide15

Reasons to SaveMoney to Live OnMoney for Fun

Money for

Major

Purchases Slide16

Join Your Company’s Retirement Plan

Retirement

on the

BrainSlide17

Why Join Your Plan?AutomaticSavingsTaxAdvantagesInvestment

Options

Compounding

Employer

MatchSlide18

Ready for Retirement

Retirement

on the

Brain

Save now. It’s easy.Slide19

Retirement

on the

Brain

Go

to

standard.com/retirement

to

enroll

in your plan

or

increase your contribution. Questions?Slide20

RP19647 3/18Employers and plan participants should carefully consider the investment objectives, risks, charges and expenses of the investment options offered under the retirement plan before investing. The prospectuses for the individual mutual funds in the group annuity contain this and other important information. Prospectuses may be obtained by calling 877.805.1127. Please read the prospectus carefully before investing. Investments are subject to market risk and fluctuate in value.The Standard is the marketing name for StanCorp Financial Group, Inc., and its subsidiaries. StanCorp Equities, Inc., member FINRA, wholesales a group annuity contract issued by Standard Insurance Company and a mutual fund trust platform for retirement plans. Standard Retirement Services, Inc. provides financial recordkeeping and plan administrative services. Investment advisory services are provided by StanCorp Investment Advisers, Inc., a registered investment advisor. StanCorp Equities, Inc., Standard Insurance Company, Standard Retirement Services, Inc., and StanCorp Investment Advisers, Inc., are subsidiaries of StanCorp Financial Group, Inc., and all are Oregon corporations.