Informative Speech - Financial Planning

Topics: Individual Retirement Account, Pension, 401(k) Pages: 3 (661 words) Published: April 30, 2012

Financial Planning for your Future

Purpose: To inform the audience about how small sacrifices today can result in huge dividends in retirement.

Thesis: Today I will inform the audience of the power of saving small amounts of money for the future and how compound interest works in their favor when they start saving as soon as possible.

Organizational Pattern: Topical


A. Attention Getter Who wants to be a millionaire? You can be!!! B. Relevance Everyone is faced with the prospect of living their “golden” years without a paycheck. Social Security will very likely NOT be available to people currently younger than 40 and if it does survive will not be a significant amount to live on. How we prepare NOW can determine whether we are world travelers or Walmart greeters. C. Credibility My father impressed upon me the need for financial planning. I began saving when I first started working at 17 and have benefitted greatly. D. Thesis Today I will show how anyone can have a rewarding future by making small and often unnoticed sacrifices currently. E. Preview Specifically, I will discuss retirement saving strategies including 401K matching programs from employees and IRA’s.

Transition First I will discuss the expediency of saving at an early age.

I. Body

A. When to start saving for retirement?
1. The earlier the better. Due to the exponential nature of compound interest the longer the money remains the more significant the growth 2. It’s never too late to start saving for retirement. The problem is the longer you wait the more impact on your budget due to having to save a higher percentage of your current income. If you start saving early your impact is minimized greatly.

Transition Next, I will discuss the various ways to save for retirement.

1. 401K plans offer you the chance to deduct monies...
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