Muhlenkamp Fund · NASDAQ:MUHLX
Muhlenkamp Fund — Muhlenkamp & Company — Investor Presentation (May 2020)
16 slides from Muhlenkamp Fund's investor presentation, May 28, 2020
Slide 1: Muhlenkamp & Company Webcast May 28, 2020
Muhlenkamp & Company Webcast May 28, 2020 Tony Muhlenkamp, President Muhlenkamp & Company, Inc. Intelligent Investment Management © 2020 All rights reserved.
Slide 2: Welcome
Welcome • All participants are in a listen-only mode. • We will conduct a question-and-response session after the presentation. • This webcast is being recorded. Muhlenkamp & Company, Inc. Intelligent Investment Management
Slide 3: Mapping Your Financial Future: It's Never Too Late to Save for College
MAPPING YOUR FINANCIAL FUTURE: It’s Never Too Late to Save for College
Slide 4: Some questions to address first
Some questions to address first: • “What’s next?” is a better question than “When do we get back to normal?” • What does “educated” mean to us? • “Go to college and get ahead” may no longer be the best advice. • Who do you call when your water main breaks? A plumber or a PhD? • How to budget for sav
Slide 5: What Are You Trying To Accomplish?
What Are You Trying To Accomplish? – Protect Against Financial Disaster – Care for self and spouse (Retirement) – Care for Heirs (Education) – Provide for Charities – Avoid, Defer, Minimize Taxes – Estate – Income – Capital Gains
Slide 6: What Will It Cost?
What Will It Cost? – Retirement • What do you spend now to live the way you want to live? – Education • Where do you want to send your children to school and what does it currently cost?
Slide 7: When Do You Need The Money?
When Do You Need The Money? – Retirement • When do you plan to retire, and how long do you plan to live in retirement? – Education • When does school start, how long does it last?
Slide 8: What Will You Need?
What Will You Need? – Assume what you make, spend, and save increases with inflation. • Average CPI (measure of inflation) over the last 10 years is 2.5% – Assume a rate of return over inflation? • Bonds = 1-2% • Stocks = 5% – Start your Financial Planning worksheet
Slide 9: How Should You Invest?
How Should You Invest? – Statement of Investment Philosophy • Use your spreadsheet to create a Statement of Investment Policy – Investment Manager • Decide whether you want to invest for yourself, or hire someone to invest for you.
Slide 10: How Do You Defer, Avoid, Or Reduce Taxes?
How Do You Defer, Avoid, Or Reduce Taxes? – Fact: If you make money from investments, you will pay taxes. – Exceptions • Employer Sponsored Retirement (401ks, SEP/SIMPLE IRAs, etc.) • Traditional IRAs • Roth IRAs • CESAs • 529s • UGMAs/UTMAs
Slide 11: How Do You Defer, Avoid, Or Reduce Taxes?
How Do You Defer, Avoid, Or Reduce Taxes? – Strategies • Tax-efficient Funds • Gifting (Check Gifting rules regularly.)
Slide 12: How Do You Save To These Accounts?
How Do You Save To These Accounts? – Review your financial planning spreadsheet • How much will you need? • How do you plan to invest? • Will you apply for college financial aid? – Evaluate each of the account types • Fund those that meet your criteria to the maximum allowed
Slide 13: How Do You Save To These Accounts?
How Do You Save To These Accounts? – Follow the order of priority • Employer Sponsored Pension Plans • Roth IRAs • Traditional IRAs • CESAs • 529s
Slide 14: Withdraw Money to Pay for College
Withdraw Money to Pay for College – Child’s money • CESAs • UGMAs/UTMAs • IRAs – Your money • Personal Accounts • Retirement Accounts
Slide 15: Questions and Responses
Questions and Responses Click on the orange arrow in the upper right-hand corner of your screen to open the control panel where you may submit questions. For some devices, look for the question mark at the top or bottom of your screen. We will contact you if we did not have time to respond to your q
Slide 16: Muhlenkamp & Company, Inc.
Muhlenkamp & Company, Inc. Intelligent Investment Management
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