Planning & Wellness
Over a lifetime, families go through many phases.
For each, there are unique challenges and opportunities.
The Planning for What’s Next program provides a series of checklists to help you prepare for these moments. Focusing on lifestyle, financial, health, safeguards, and potential pitfalls, these checklists provide you with the resources to prepare for what’s next.
Preparing for College
Making decisions about college can feel overwhelming… and why not? From finding the right school to living away from home for the first time, there are many decisions and new responsibilities. As tough as this may be, remember that every year, thousands of students just like you successfully start this new chapter in their lives.
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Entering the Workforce
Entering the workforce is a big transition. This might be the first time you will be fully responsible for your own finances. Many graduate from college and have to start making payments on student loans and other debt while also managing a career and starting to save for the future.
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Getting Married
Getting married is about more than spending your life with that special person you love. Marriage is one of the biggest lifestyle adjustments most of us will make. Merging two lives into one takes planning and compromise. Beyond the wedding day, there are many considerations to take into account.
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Starting a Family
Starting a family is a big decision, and with it comes more responsibility and planning. As a parent, you will want to offer direction from many perspectives. This brochure shares some suggestions to help you navigate life with children.
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Approaching Retirement
As you near retirement, you will want to continue planning for this next phase of your life. Remain focused on saving for retirement and begin to envision and organize how you plan to spend and enjoy these future years.
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Living in Retirement
Living in retirement can entail a long period of time with current longer life expectancies. You will need to plan for different stages of retirement – starting with when you are relatively young and active through your later years when you may be physically or mentally impaired.
Required Minimum Distribution (RMD) amounts are located on the year-end Asset Summary statement under Retirement information for the following FTIOS plan types: Traditional IRAs, Rollover IRAs, SIMPLE and SEP IRAs.
Inherited retirement accounts are subject to complex beneficiary Required Minimum Distribution (RMD) rules. The rules are dependent upon when the account owner passed away and your relationship to them. To ensure you are complying with these rules, please contact your financial professional or call us for calculation.
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Additional Planning Resources
Helping families to minimize student debt for kids and grandchildren may be the most valuable product you offer.
Make an impact to your favorite charities, build a family legacy of giving, and get a tax deduction.
Investors should carefully consider the 529 plan’s investment goals, risks, charges and expenses before investing. To obtain the Program Description, which contains this and other information, talk to your financial professional or call Franklin Distributors, LLC, the manager and underwriter for the 529 plan at (800) DIAL BEN / 342-5236 or visit franklintempleton.com. You should read the Program Description carefully before investing and consider whether your, or the beneficiary’s, home state offers any state tax or other state benefits such as financial aid, scholarship funds, and protection from creditors that are only available for investments in its qualified tuition program.
Franklin Templeton's 529 College Savings Plan is offered and administered by the New Jersey Higher Education Student Assistance Authority (HESAA); managed and distributed by Franklin Distributors, LLC, an affiliate of Franklin Templeton, Inc., which operates as Franklin Templeton.
Investments in Franklin Templeton’s 529 College Savings Plan are not insured by the FDIC or any other government agency and are not deposits or other obligations of any depository institution. Investments are not guaranteed by the State of New Jersey, Franklin Templeton, or its affiliates and are subject to risks, including loss of principal amount invested. Investing in the plan does not guarantee admission to any particular primary, secondary school or college, or sufficient funds for primary, secondary school or college.
Franklin Templeton, its affiliates, and its employees are not in the business of providing tax or legal advice to taxpayers. These materials and any tax-related statements are not intended or written to be used, and cannot be used or relied upon, by any such taxpayer for the purpose of avoiding tax penalties or complying with any applicable tax laws or regulations. Tax-related statements, if any, may have been written in connection with the “promotion or marketing” of the transaction(s) or matter(s) addressed by these materials, to the extent allowed by applicable law. Any such taxpayer should seek advice based on the taxpayer's particular circumstances from an independent tax professional.