Silver Sample Reports 2010

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Personal Financial Plan

For

John and Mary Sample

August 2, 2010Prepared by

Silver Financial Planner

1600 SW. Western Suite 110

Corvallis, OR 97370

541.754.3701

This presentation provides a general overview of some aspects of your personal financial position. Itis designed to provide educational and / or general information and is not intended to provide

specific legal, accounting, investment, tax or other professional advice. For specific advice on theseaspects of your overall financial plan, consult with your professional advisors. Asset or portfolioearnings and / or returns shown, or used in the presentation, are not intended to predict norguarantee the actual results of any investment products or particular investment style.

IMPORTANT: The projections or other information generated by Money Tree's Silver regarding the

likelihood of various investment outcomes are hypothetical in nature, do not reflect actual investment results

and are not guarantees of future results. Additionally, it is important to note that information in this report is

ased upon financial figures input on the date above; results provided may vary with subsequent uses and

over time.


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About Your Personal Financial Plan

We appreciate that you have questions and concerns as you work to attain and preserve financial security. Today'sfinancial environment is complex and in many regards, uncertain. The decisions you make regarding work,spending, investment, and retirement, both now and in the future, will significantly affect your financial conditionover the long term.

In an effort to aid you in learning, understanding, and formulating a personal basis for decision making, this

'Personal Financial Plan' is offered to help enhance your knowledge of various topics and communicate some of theintricacies of the financial world. The plan represents a framework to clarify and structure your financial matters.

This plan is based upon confidential information you provided regarding your present resources and objectives.While illustrations within this plan can be a valuable aid in the examination of your finances, it does not representthe culmination of your planning efforts. Financial planning is an ongoing process.

This hypothetical illustration of mathematical principles is custom made to model some potential situations andtransitions you may face in your financial future. Hypothetical assumptions used in this illustration are specificallychosen to communicate and demonstrate your current financial position and highlight for discussion with youradvisor the complex future interacting effects of combined incomes, expenses, savings, asset growth, taxes,retirement benefits, and insurance.

This document is not an advertisement or solicitation for any specific investment, investment strategy, or service.No recommendations or projections of specific investments or investment strategies are made or implied. Anyillustrations of asset growth contained herein are strictly used to demonstrate mathematical concepts andrelationships while presenting a balanced and complete picture of certain financial principles. Growth assumptionsare applied to generalized accounts based upon differing tax treatment. Illustrations, charts and tables do not predictor project actual future investment performance, or imply that any past performance will recur.

This plan does not provide tax or legal advice, but may illustrate some tax rules or effects and mention potentiallegal options for educational purposes. Information contained herein is not a substitute for consultation with acompetent legal professional or tax advisor and should only be used in conjunction with his or her advice.

The results shown in this illustration are not guarantees of, or projections of future performance. Results shown arefor illustrative purposes only. This presentation contains forward-looking statements and there can be no guaranteesthat the views and opinions expressed will come to pass. Historical data shown represents past performance anddoes not imply or guarantee comparable future results. Information and statistical data contained herein have beenobtained from sources believed to be reliable but in no way are guaranteed as to accuracy or completeness.

The Assumptions page contains information you provided that is used throughout the presentation. The asset listingherein is not an account statement and does not necessarily include current or complete balances, holdings, andreturns. Please review the information for accuracy and notify your Financial Advisor promptly if discrepancies inthe assumptions are present; discrepancies may materially alter the presentation.

Your actual future investment returns, tax levels and inflation are unknown. This illustration uses representativeassumptions in a financial planning calculation model to generate a report for education and discussion purposes.

Calculations and assumptions within this report may not reflect all potential fees, charges, and expenses that mightbe incurred over the time frame covered by these illustrations which, if included, would result in lower investmentreturns and less favorable illustration results. Do not rely upon the results of this report to predict actual futureinvestment performance, market conditions, tax effects or inflation rates.

Personal Financial Plan John and Mary Sample

August 2, 2010This report, and its hypothetical illustrations, are intended to form a basis for further discussion with your legal, accounting, and financial advisors.

Actual future investment returns, taxes and inflation are unknown. Do not rely upon this report to predict future investment performance. Page 2 of 66


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SummaryThis report uses financial models to present a picture of your current financial situation and illustrations ofpossible directions your finances may take. Future economic and market conditions are unknown, and will change.The assumptions used are representative of economic and market conditions that could occur, and are designed topromote a discussion of appropriate actions that may need to be taken, now or in the future, to help you manageand maintain your financial situation under changeable conditions.

Your Current Situation:

Your Goals:

Analysis Details:

Retirement Analysis

You have assets of approximately $433,000.

You have liabilities of approximately $140,000.

Your net worth is approximately $293,000.

John wants to retire at age 64 and Mary wants to retire at age 64.

You now have $183,000 in working assets and are adding $16,000 per year.

To meet your education goals you need to save $11,252 annually ($938 monthly).

You will need the income until the last life expectancy of age 90.

Monthly after-tax income needed at that time is $4,792 (in today's dollars).

Using the information you provided, calculations have been made to estimate whether your current retirementprogram will meet your stated retirement goals. The analysis begins now and extends through life expectancy. Itincludes tax advantaged, taxable investments, defined benefit pensions, if applicable, and Social Security benefits.The analysis calculates growth and depletion of capital assets over time. This analysis is the basis for the followingsummarized statement.

This report is for informational and educational purposes only. The information and assumptions used areestimates. The resulting calculations are designed to help illustrate financial concepts and general trends.

Asset Allocation: Type of Investor - Somewhat Aggressive

Long-term care assets at risk: $781,738

Net Estimated Life Insurance Needs Shortage for John: $338,000

Net Estimated Life Insurance Needs Shortage for Mary: $2,000

John and Mary do not have Wills.

John and Mary both have Durable Powers of Attorney.

John and Mary do not have Living Wills.

John and Mary both have Health Care Powers of Attorney.

Actions:

It appears you may run out of money before the last life expectancy of age 90. The range of possible options youmight consider to improve your situation include the following:

Increase the rate of return on your investments.

Increase your annual savings by $2,200/year ($183 month).Reduce your retirement spending needs by $3,100 to $54,400/year ($4,531/month).

Defer your retirement by about 1 year.

Combine any of the above and lower the requirements for each.





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Assumptions

Names :First Name 1 JohnFirst Name 2 MaryBirthdate / Age 1 48Birthdate / Age 2 48

Retirement Age 1 64

Retirement Age 2 64Life Expectancy 1 85Life Expectancy 2 90

Alternate life exp. 1Alternate life exp. 2Risk Tolerance Level Somewhat Aggressive

Life Insurance 1Life Insurance 2Term Insurance 1 $300,000Term Insurance 2 $100,000Insurance cash value 1

Insurance cash value 2

Pension & Social Security Data (Annual):

Pension-Indv. 1 $7,200Pension start age 62Pension rate (pre ret.) 0.00%Pension rate (ret.) 2.00%Pension survivor % 0%

Pension-Indv. 2 $15,000

60Pension rate (pre ret.) 0.00%Pension rate (ret.) 2.00%Pension survivor % 50%

Soc Sec 1 Start age 62Soc Sec 1 Rate 2.25%Earned income 1 $90,000Soc Sec 1 Amt. (if known)

Soc Sec 2 Start age 62Soc Sec 2 Rate 2.25%Earned income 2 $30,000Soc Sec 2 Amt. (if known)

Estimated Education Costs

Total cost at 6% inf. $187,429

Expenses & Inflation (Annual After-tax ):

Expenses, (pre ret.) $70,000Expenses, Survivor (pre ret.) $60,000Expenses at Retirement $57,500Expenses, Survivor (ret.) $50,000Inflation, (pre ret.) 3.00%Inflation, Survivor (pre ret.) 3.00%Inflation at Retirement 3.00%Inflation, Survivor (ret.) 3.00%

Asset Allocations: Current

Cash & Reserves 13.11% 5.00%Income 24.04% 0.00%Income & Growth 62.84% 15.00%Growth 0.00% 40.00%Aggressive Growth 0.00% 40.00%Other 0.00% 0.00%

Rate Assumptions (Before & After Retirement):Taxable Returns 7.00% 6.00%

Tax-Deferred & Roth Returns 7.00% 6.00%Tax-Free Returns 5.00% 5.00%Return on Annuities 7.00% 7.00%Effective Tax Rates 25.00% 20.00%Cost Basis for Taxable Assets 100.00%Cost Basis for Annuity Assets 100.00%Additions Increase Rate: Taxable 3.00%Additions Increase Rate: Tax-Def 1 3.00%Additions Increase Rate: Tax-Def 2 3.00%Other Incomes After-tax

ItemDescription

StartYear

IncRate

Numberof years

Amount peryear

Other Expenses After-tax:


Pension start age

Note: These assumptions are based upon information provided by you, combined with representative forward looking values intended to provide areasonable financial illustration for education and discussion purposes. The investment returns, tax rates, benefit increase rates, inflation rates, andfuture expense values used in this report were selected based on your age, assets, income, goals and other information you provided. These assumptionsdo not presuppose or analyze any particular investments or investment strategy, or represent a guarantee of future results.

SuggestedClient Information:

European vacation 2014 3.00% 1 ($20,000)Replace Roof 2016 3.00% 1 ($8,000)Redo Kitchen 2012 3.00% 1 ($12,000)





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Net Worth Statement

August 2, 2010


ASSETSSavings And Investments

Money Market Accounts/Funds $20,000Annuities 30,000

Municipal Bonds and Funds 10,000Stock Mutual Funds 5,000

$65,000Retirement Accounts

Qualified Plans-John $100,000IRA Assets-Mary 14,000Roth Assets-John 2,000Roth Assets-Mary 2,000

$118,000Other Assets

Residence $200,000Personal Property 20,000

Auto 30,000 $250,000

TOTAL ASSETS $433,000

LIABILITIES

Residence Mortgage $120,000Credit Card Debt 5,000Auto Loans 15,000

$140,000

Net Worth (Assets less Liabilities) $293,000

Note: Potential taxes due on unrealized gains or assets in tax-deferred retirement plans are not accounted for in this Net Worth Statement.

statement and does not necessarily include current or complete balances, holdings, and returns. Please review this information for accuracy.This asset information is based upon information you provided and sources believed to be reliable. The asset listing herein is not an account





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AccountTaxationClass

AssetAdditionPeriod

AnnualAdditions*Amount

CurrentTypeAssetDescription

Asset Worksheet

Cash 20,000 Cash Taxable (J) Money Market

Municipal Bond Fund 10,000 Income Tax-Free (J) Muni Bonds & Funds

Stock Mutual Funds 5,000 3,000 2010-2025 Inc./Gro. Taxable (J) Mutual Funds (Stock)

IRA 14,000 Income IRA (2) Stocks

401k 20,000 1,000 2010-2025 Income Tax-Deferred (1) Bond Mutual Funds

401k 80,000 8,000 2010-2025 Inc./Gro. Tax-Deferred (1) Mutual Funds (Stock)

Annuity 30,000 Inc./Gro. Annuity (1) Annuities

Roth IRA 2,000 2,000 2010-2025 Cash Roth IRA (1) Money Market

Roth IRA 2,000 2,000 2010-2025 Cash Roth IRA (2) Money Market

Totals: $183,000 $16,000

*Annual IRA addition amounts used in the anal sis are limited to the maximums allowed b law.Note: This asset information is based upon information you provided and sources believed to be reliable. The asset listing herein is not an accountstatement and does not necessarily include current or complete balances, holdings, and returns. Please review this information for accuracy.





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** Does not include any provision for an Emergency Fund.

Your Current Asset Allocation

It is important to the success of your planning that your asset allocation is consistent with your goals. You shouldcompare your current allocation to the Suggested Asset Allocation below which may be more appropriate andbeneficial to your situation.

The information from the Asset Worksheet was used to create the following chart.

Suggested Asset Allocation

Based upon information you provided, we believe you should consider an investment mix similar to the one below.

We have illustrated a broad-based allocation. Effectiveness might be further increased by diversifying the types ofsecurities held within the asset mix. See your advisor or insurance agent for analysis.

Cash & ReservesIncome

Income & Growth

Growth

Asset Allocation Current

Aggressive Growth

Other

Total

* These suggested asset allocation percentages are representative portfolio target values.

13%

Suggested *$9,150 5%

Change($14,850)

24%

63%

0%

0%

0%

100%

0

27,450

73,200

73,200

0

$183,000

0%

15%

40%

40%

0%

100%

(44,000)

(87,550)

73,200

73,200

0

0

$24,000

44,000

115,000

0

0

0

$183,000

**

Note: Asset Allocation does not guarantee a profit or protect against loss in declining markets.





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Retirement ProfileDeveloping A Retirement Plan

Developing a retirement plan means understanding your current situation, deciding amongalternatives, and taking appropriate action today.

current retirement goals, identify your current planning, and estimate the results for your review.

Your Current Retirement Goals

Age:

Retirement Age:

Years until Retirement:

Years of Retirement:

Annual Retirement Spending (After-tax):

John

48

64

16

21

$57,500

Mary

48

64

16

26

(expressed in today's dollars)

Assumptions

Inflation Rate:

Income Tax Rate (Average):

Return on Investments (Average):

Pre-Retirement

3.0%

25.0%

6.9%

Retirement

3.0%

20.0%

6.1%

Current residence(s) will be maintained. Related debt will be paid per existing mortgage(s).

Additional Objectives Please see the attached Education Funding Illustration.

Education Costs have been included in the Retirement Analysis.

This report will help you define your

Other Expenses

European vacation: ($20,000)/year starting 2014, increase rate of 3%, for 1 year.

Replace Roof: ($8,000)/year starting 2016, increase rate of 3%, for 1 year.

Redo Kitchen: ($12,000)/year starting 2012, increase rate of 3%, for 1 year.





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Resources Available for Retirement

Funds to meet your goals can come from several sources: Personal Investing, Retirement Plans,Defined Benefit Pensions, Social Security, and Other Income.

Here is a summary of your situation.Current Balances

JohnSee Asset Worksheet for detailed annual savings information.

Social Security

Pension Plans

Starting AgeBenefit at Starting Age (After-tax)

Pension Amount

62$20,754

John

Mary

62$11,315

Mary

Total Investment Assets $183,000

Pension Starting AgeIncrease Rate Pre-RetirementIncrease Rate in RetirementSurvivor Percentage 0%

2.0%0.0%

62$5,400*

50%2.0%0.0%

60$11,250*

*Annual amount, after taxes.

Personal Investments

Money Market Accounts/Funds $20,000

Annuities 30,000

Municipal Bonds and Funds 10,000

Stock Mutual Funds 5,000$65,000

Retirement Plans

Qualified Plans-John $100,000

IRA Assets-Mary 14,000

Roth IRA/401k Assets-John 2,000

Roth IRA/401k Assets-Mary 2,000

$118,000





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Retirement Summary

Retirement Spending Needs*

Retirement Age

$57,500

Mary - 64

Retirement Capital Illustration

Inflation - Current

Inflation - Retirement

3%

3%

John - 64Retirement Age

$50,000Survivor Spending Needs*

The analysis begins at your current age and extends through your life expectancy. It includes all assets, both taxadvantaged and taxable, all expenses, including education funding if applicable, other income and expenseestimates, defined benefit pensions, and Social Security benefits. The graph illustrates the growth and depletion ofcapital assets as seen in Retirement Capital Analysis.

General Assumptions:

* Spending needs are stated in today's after tax-dollars. See Assumptions page for complete listing of assumptions.

Actual future returns, taxes, expenses, and benefits are unknown. This illustration uses representative estimates and

assumptions for educational and discussion purposes only. Do not rely on this report for investment analysis.

Tax Rate - Current

Tax Rate - Retirement

25%

20%

Rates of Return Before and AfterRetirement Used in Illustration:

Taxable RORs:

Tax Def. RORs:

Tax Free RORs:

Annuity RORs:

7% 6%

7% 6%

5% 5%

7% 7%

Retirement Capital Illustration Results:

It appears you may run out of money before the last life expectancy of age 90. The range of possible options youmight consider to improve your situation include the following:

Increase the rate of return on your investments.

Increase your annual savings by $2,200/year ($183 month).

Reduce your retirement spending needs by $3,100 to $54,400/year ($4,531/month).

Defer your retirement by about 1 year.

Combine any of the above and lower the requirements for each.





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Monte Carlo Simulation Explanation

Monte Carlo Simulation Technique:

The financial planning process can help you evaluate your status in relationship to your financial goals andobjectives. In preparing a hypothetical financial illustration for discussion, a series of representative fixedassumptions are made, such as inflation rates, rates of return, retirement benefits and tax rates. While such statichypothetical illustrations are still useful for education and discussion purposes, they are based upon unchanginglong-term assumptions. In fact, economic and financial environments are unpredictable and constantly changing.

The Bold Line

Monte Carlo Simulation is one way to visualize the effect of unpredictable financial market volatility on yourretirement plan. Monte Carlo Simulation introduces random uncertainty into the annual assumptions of a retirementcapital illustration model, and then runs the model a large number of times. Observing results from all thesechanging results can offer a view of trends, patterns and potential ranges of future outcomes illustrated by therandomly changing simulation conditions. While Monte Carlo Simulation cannot and does not predict yourfinancial future, it may help illustrate for you some of the many different possible hypothetical outcomes.

Percentage of Monte Carlo Results Above Zero at Selected Ages

Based upon the trends, changes, and values shown in your hypothetical financial program, the simulation processuses a different random rate of return for each year of a new hypothetical financial plan. Ten thousand full financialplan calculations are performed utilizing the volatile annual rates of return. The result is ten thousand newhypothetical financial plan results illustrating possible future financial market environments.

By using random rates from a statistically appropriate collection of annual returns, and repeating the processthousands of times, the resulting collection can be viewed as a representative set of potential future results. Thetendencies within the group of Monte Carlo Simulation results; the highs, lows and averages, offer insight intopotential plan performance which may occur under various combinations of broad market conditions.

The simulated level of volatility in future financial markets is represented by a Standard Deviation value. Thisstatistical measure of variation is used within the Monte Carlo Simulation to indicate how dramatically return ratescan change year by year. The Standard Deviation controls the magnitude of the random changes in each annual rateof return as it is varied each year above or below the average annual rate to simulate market volatility.

Standard Deviation:

Note: No investment products, investment strategy or particular investment style is projected or illustrated by this process.

Simulation results demonstrate effects of volatility on rate of return assumptions for education and discussion purposes only.

The simulation model uses a Standard Deviation based upon the rate of return assumptions used in the RetirementCapital Illustration, and limits the rate of return variation to plus or minus five standard deviations in any year. Lowassumed return rates generate low Standard Deviation values, higher returns relate to higher Standard Deviations.

The bold line in the Monte Carlo Simulation Results graph tracks the value of assets over the length of theillustration if all rates of return are held stable at the assumed rates of return (see Assumptions). The estimate usesannual expected portfolio rates of return and inflation rates to model the growth and use of assets as indicated underAssumptions. The bold line represents the values shown in the Retirement Capital Analysis.

These results represent the percentage of Monte Carlo simulation outcomes that show positive retirement asset

value remaining at different ages. A percentage above 70 at last life expectancy is an indication that the underlyingretirement plan offers a substantial probability of success even under volatile market conditions. Additional agesshown give the percentage of simulation outcomes with positive asset amounts at various ages.

IMPORTANT: The projections or other information generated by the Personal Financial Plan regarding the likelihood of various

investment outcomes are hypothetical in nature, do not reflect actual investment results and are not guarantees of future results. EachMonte Carlo Simulation is unique; results vary with each use and over time.

Monte Carlo Simulation Minimum, Average and Maximum Dollar Results

These values indicate the best, worst and average dollar results at the end of the ten thousand Monte CarloSimulations. These show the range of results (high and low), and the average of all Monte Carlo results. All valuesare based on results at the life expectancy of the last to die.





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Monte Carlo Retirement Simulation

This Monte Carlo Retirement Simulation illustrates possible variations in growth and/or depletion of retirementcapital under unpredictable future conditions. The simulation introduces uncertainty by fluctuating annual rates ofreturn on assets. The graph and related calculations do not presuppose or analyze any particular investment orinvestment strategy. This long-term hypothetical model is used to help show potential effects of broad marketvolatility and the possible impact on your financial plans. This is not a projection, but an illustration ofuncertainty.

The simulations begin in the current year and model potential asset level changes over time. Included are allcapital assets, both tax advantaged and taxable, all expenses, including education funding if applicable, pensionbenefits, and Social Security benefits. Observing results from this large number of simulations may offer insightinto the shape, trends, and potential range of future retirement plan outcomes under volatile market conditions.

Retirement Capital Analysis Results, at Life Expectancy, of 10,000 Monte Carlo Simulations:

Percent with funds at last life expectancy Retirement Capital Estimate $025%

Percent with funds at age 64

Minimum (Worst Case) result $0

> 95%

Percent with funds at age 72 Average Monte Carlo result $125,873> 95%

Percent with funds at age 82

Maximum Monte Carlo result $4,453,011

85%

Illustration based on random rates of return which average 6.4%, with a std. dev. of 6.4% (95% of values fall between -6.4% and 19.2%).Life insurance proceeds are not included in the final year balances of these calculations.

* The bold line is the estimated retirement capital value over time using fixed rates.

IMPORTANT: The projections or other information generated in this report regarding the likelihood of various investment outcomes arehypothetical in nature, do not reflect actual investment results and are not guarantees of future results. Results may vary with each reportand over time. Results of this simulation are neither guarantees nor projections of future performance. Information is for illustrative

purposes only. Do not rely upon the results of this report to predict actual future performance of any investment or investment strategy.

Results from 10,000 Monte Carlo Simulation Trials





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Introduction to Dynamic Behavioral Analysis

A key question for most people is, What does it really take to retire with security? Financial professionals havedeveloped a number of ways to understand and address uncertainties to prepare a secure financial future. DynamicBehavioral Analysis is an advanced technique that builds on earlier methods of retirement success analysis.

The Dynamic part of the analysis allows both retirement age and retirement spending to change based oninvestment performance. The Behavioral part is the set of rules, or logic, that dictates the responses in particular

situations. Applied together in a Monte Carlo Simulation, this active method compensates for some of thelimitations of other illustration methods.

Traditional retirement illustrations are static that is, they assume inflation rates and investment returns areconsistent throughout the calculations. Static illustrations offer a good picture of general retirement concepts, andare representative if every year is close to average. Of course, in real life, rates of inflation and returns mayfluctuate significantly.

Introducing the effects of market uncertainty, Monte Carlo Simulation does all the calculations for a retirementillustration, but randomly varies rates of return on investments every year. Thousands of these trials are run, eachrepresents a potential retirement with a unique set of investment returns. The greater the percentage of successfulMonte Carlo trials, the better the retirement plans stands up to variable financial market conditions.

In the real world, changing financial markets are not the only factors affecting retirement security. Individuals canand do respond intelligently to financial market conditions as they occur. When retirement investments dont growas planned, reasonable people may change their plans and actions to protect their security, perhaps by retiring lateror by temporarily spending less at some point in retirement.

Dynamic Behavioral Analysis introduces reasonable responses by using active Monte Carlo Simulation. Thousandsof randomized trials are run, and in trials that develop adverse conditions, the retirement age and/or spending levelschange to model reasonable financial decisions. The resulting illustrations show success rates for differentretirement ages and the associated spending levels. These analysis results can help indicate how robust a retirementplan is when adjustments are made in response to financial changes.





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Dynamic Behavioral Analysis - continued

Rational people will respond to changing financial conditions to protect their financial security. Thorougheducation and preparation for a secure retirement requires seeing the potential effects of future market uncertaintyand being prepared to respond appropriately. Dynamic Behavioral Analysis is a method that factors in reasonableadjustments to retirement age and spending levels in response to investment returns. Dynamic Behavioral Analysisresults offer a more complete picture of various effects market variability may have on retirement decisions.

The Retirement Decision

Evaluating a retirement age, to see if it is financially reasonable, starts with three questions designed to assureretirement savings last throughout a lifetime. How much in savings will need to be spent in each year ofretirement? What percentage of retirement investments need to be withdrawn in the first year of retirement? Whatis the latest acceptable retirement start age?

First-year spending is used to determine if there are sufficient investment assets to safely sustain withdrawalthroughout retirement. Income from sources such as Social Security or pensions is subtracted from the retirementspending need. The remainder will be withdrawn from savings and investments.

This withdrawal, when viewed as a percentage of total assets, may indicate readiness to retire. Percentages belowa certain number (usually around 4.5%) might be considered a safe initial withdrawal rate. For example, if at

retirement age total assets are $1,000,000, then a withdrawal of $45,000 would be acceptable in the first year ofretirement ($45,000 is 4.5% of $1,000,000).

To evaluate a retirement age in a trial, that years withdrawal amount is compared to accumulated retirement assets.If the ratio is less than the maximum acceptable withdrawal percentage, the trial lets retirement occur. If not, themodel defers retirement until the withdrawal ratio is acceptable or the maximum acceptable retirement age isreached.

Determining annual retirement spending levels starts with three questions. How much retirement spending isdesired? How much is required, that is, what is needed to cover necessities? Finally, what is the maximumpercentage of assets that can be withdrawn in a single year?

The calculation model always tries to maintain the desired spending level. If however, assets will not sustain thatlevel, withdrawals will be reduced, subject to these limitations:

That last point needs a little more explanation. As a person comes closer to life expectancy, its reasonable tospend down some of the assets, if needed. Because of this, the percentage of assets that can be withdrawn is alsoincreased with age: in the first year of retirement, its the safe rate; by life expectancy, its reached the selectedmaximum.

Spending Levels

Spending will never be more than the desired amount.

Spending will never be less than the required amount.

Note: both these amounts will be increased each year for inflation.

Withdrawal from assets will never be higher than the maximum percentage.

1.

2.

3.





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Behavioral Analysis

Graph Explanation

Assumptions

Randomize inflation rate

Randomize rate of return

Allow for a different retirement age

Later

Variable spending budget floor

Initial withdrawal rate limit

Ending withdrawal rate limit

Dynamic Behavioral Analysis extends the Monte Carlo simulation to consider effects of intelligent responsesto changing financial conditions. These charts show the percentage of projections that are successful forgiven retirement ages.

Each red column shows the probability of having enough funds at retirement to safely make the plannedinitial withdrawal. Each Green column shows the probability of having sufficient funds through lifeexpectancy. Given your planned retirement spending of $57,500/year, this shows the percentage of

projections in which you have enough funds for this spending not to exceed the maximum initial withdrawal

rate. In other words, the successful projections are the ones in which you have at least $1,437,500 in today's

No

Yes

Yes

1

90 %

4.0 %

10.0 %

Variable spending budget ceiling 125 %

Variable spending increase ratio 25 %Early 2

Probability of meeting Initial Retirement Spending Levels at each Age

Behavioral Monte Carlo Simulation result at each Retirement Age





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Retirement Income Sustainability and Variable Spending

Retirement investments are often the most important source of funding for retirees spending needs. Key to thereliable flow of these critical funds throughout retirement is a strategy to avoid taking too much money fromretirement investments in any one year.

In order to model effects of retiree spending flexibility, Dynamic Behavioral Analysis bases spending on thebudget, but makes limited reductions in simulation situations where the full budget figure requires withdrawals

above the maximum withdrawal rate. The size of budget reduction adjustments is limited based on retireediscretionary spending flexibility.

Variable spending calculations make adjustments in each simulation year when the full budget would requirewithdrawals that exceed that years rate limit. This can occur when investment assets dont grow as expectedor when inflation is higher that anticipated. Calculated spending is based on the inflated budget, but is limitedon the upper end by the maximum asset withdraw rate, and on the lower end by the minimum acceptable

percentage of the inflated budget.

For each example retirement age, this Dynamic Behavioral Analysis graph illustrates the simulation result foreach ages success rate at full budgeted spending (blue) and the simulation success rate with variable spending(green).

In this simulation, retirement age is based on an initial withdrawal rate limit of 4.0 % and variable spending iskept between 90 % and 125 % of inflated budget based upon the initial withdrawal rate limit and the endingwithdrawal rate limit of 10.0 %.





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Essential expenses only

Start Year Inc. Rate Number of years Amount per year 44%

Replace Roof 2016 3.00% 1 $8,000

Essential and Primary expenses


Redo Kitchen 2012 3.00% 1 $12,000

Essential, Primary, and Secondary expenses


European vacation 2014 3.00% 1 $20,000



Goal EvaluationSuccessfully planning for your future may require recognizing that in some situations you may not be able to meetall your hoped for financial goals. Prioritizing different financial goals, and evaluating the impact of those expenseson your long term financial stability, can assist you and your advisor in planning and managing your spendingdecisions.

This report illustrates how expenses associated with your financial goals may potentially affect the likelihood of

sustaining financial stability throughout your life. Monte Carlo simulations based on your current plan, andincluding the expenses associated with all your planned expenses, show a success rate of 25%. Since you haveindicated that not all the planned expenses are essential, additional Monte Carlo simulations have been run toillustrate how your goals may affect the sustainability of your long term financial plans.

To create this illustration, your entire current financial plan has been recalculated a number of times whileexcluding expenses associated with different priorities of your goals. The illustration starts by including only thehighest priority items; your retirement expenses and those other goals you identify as essential. Sequentially, thegoals identified as primary, secondary and optional are included. Each case shows the percentage of successfulMonte Carlo simulations resulting from the set of goals that are included in the calculations.





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Retirement Expense Forecast

The Retirement Expense Forecast graph combines estimated Social Security benefits with defined pensionbenefits plotted with estimated annual living expenses in retirement. The graph begins at retirement ageand continues to life expectancy. Future retirement expenses are estimated based on your objectives,adjusted for inflation over time. Survivor expense levels start the year after first life expectancy.

Social Security benefits, and annual adjustments for benefit growth, are estimated and illustrated over theanticipated lifetime. If the starting age selected for Social Security benefits is prior to normal benefit age,only a partial Social Security benefit may be available. Benefit amounts may decrease upon first death.

The Pension Benefit estimate combines any pension benefits and plots them starting at the age the benefitbegins. At the death of the pension holder a surviving spouse might receive no continuing benefit, or only aportion of the benefit, causing a decrease in overall annual income.

Excess Expenses shown in the graph represent the amount of inflation adjusted annual living expenses thatexceed the combined estimated Social Security and pension benefits. These are estimated amounts whichwill need to come from retirement savings to fund future expenses not covered by expected benefit income.

Note: Social Security and Pension benefit estimates are based upon information you provided. Estimates are not guarantees

of future benefits amounts. Clients should not rely upon results of this report to predict actual future benefit amounts.





19/66

Cash Flow Summary

The bars in the above graph represent the amounts available from:

Earned income (wages and self-employment)

Social Security

Qualified plan additions and distributions

Investment additions and distributions

Misc - (inheritances, sale of residence, retirement account minimum

distributions, life insurance)

The line illustrates the annual expenses including:

Personal living expenses

Planned debt expenses

Specified special expenses

Planned deposits to investment and retirement accounts

Miscellaneous expense items

Taxes

Note: The Cash Flow report provides the actual numbers that create the preceding

Cash Flow Summary graph.





20/66

Cash Flow

* Scheduled distributions, interest, or dividends taken in cash or amounts taken to meet the IRS minimum distribution requirements.Note: Earned Income is reduced by qualified retirement account contributions in calculating the effect of income taxes. Pension, Social

Security, and Other Income cash flow items are net of income taxes. The tax rate used is the average tax rate entered in the input.

ShortageLess LivingTotalOtherPension/

Cash Flow Sources

InvestmentRetire/RothEarned1

AgesIndv.

2 Income Accounts* Accounts* Soc Sec. Income SourcesExpense& Taxes

orSurplus

$120,000 $13,000 $1,109 $105,891 $97,750 $8,14148 48123,600 (13,390) (941) 109,270 (100,682) 8,58749 49127,308 13,790 10,099 12,731 110,887 103,702 7,18450 50131,126 14,204 1,243 115,679 106,814 8,86651 51

135,060 (14,631) 19,741 (22,510) 117,660 (110,018) 7,64252 52 139,112 15,069 2,076 121,967 113,319 8,64853 53143,285 15,522 19,352 22,934 124,181 116,718 7,46354 54147,584 (9,144) 12,457 (21,278) 129,619 (121,930) 7,68855 55152,012 6,480 22,554 135,938 128,020 7,91856 56156,572 3,273 (23,908) 135,937 (127,781) 8,15657 57161,269 9,427 (25,342) 145,354 (136,953) 8,40158 58166,108 12,286 26,863 151,531 142,878 8,65359 59171,090 (1,271) 11,250 (28,474) 152,595 (143,683) 8,91260 60176,224 19,090 3,989 11,475 164,620 143,549 21,07261 61181,510 19,663 2,272 49,173 208,748 147,855 60,89362 62186,956 (20,251) 562 50,237 217,504 (152,291) 65,21363 63

37,944 54,319 92,263 92,26364 R 64 R39,537 55,494 95,031 95,03065 65

41,186 56,694 97,880 (97,880)66 6621,457 25,730 57,920 105,107 105,10767 6755,833 59,173 115,006 115,00668 6858,127 60,453 118,580 (118,580)69 6960,502 61,761 122,263 122,26370 7062,962 63,097 126,059 (126,059)71 7165,510 64,462 129,972 129,97372 7268,149 65,857 134,006 134,00673 7370,882 67,282 138,164 (138,164)74 7473,710 68,738 142,448 142,44975 7576,640 70,226 146,866 146,86676 7679,672 71,746 151,418 (151,418)77 7782,811 73,299 156,110 156,11078 7886,060 74,885 160,945 160,94679 79

89,424 76,506 165,930 (165,930)80 8092,905 78,163 171,068 171,06881 8179,231 79,855 159,086 (159,087)82 8280,188 81,584 161,772 (161,772)83 8383,274 83,350 166,624 166,62584 8486,467 85,155 171,622 (171,623)85 L 8596,316 57,393 153,709 153,7098699,686 58,634 158,320 158,320872,741 59,902 62,643 (163,069) (100,426)88

61,198 61,198 167,961 106,7638962,521 62,521 172,999 110,47890 L





21/66

Cash Flow Explanation

Cash flows are sources and uses of money. Primary sources of funds are income from work, Social Security,pensions, savings, insurance proceeds, and other income events. Regular living expenses, education costs, and otherplanned expenses are the primary use of funds.

The cash flow report pages are designed to be an alternate presentation of the financial information shownelsewhere in this report. The emphasis of the cash flow illustrations are the amounts and types of incomes and

levels of expenses that occur during the illustration.

The Cash Flow Summary Graph illustrates four primary financial elements; income, investment, expenses, and cashsources. The different colored bars in the graph represent the level of cash flows that are occurring, and whataccounts they are related to. The single solid line represents the annual expense level from now to the end of theillustration. Prior to retirement, bars above the expense level represent investments.

Portions of bars below the expense line represent sources of cash that are being used to pay for planned livingexpenses and to cover special expenses such as education. During the working years, income from employment isgenerally the primary source of cash to cover expenses. In retirement, Social Security, pension benefits, and cashwithdrawn from investment accounts are the major sources of cash to cover expenses.

In general terms, the best case is to have the cash flow bars always at or above the expense line. This indicates thatthere is sufficient income, or investment asset sources, to meet living expenses and other planned needs. Gapsbetween the expense line and cash flow bars indicate calculated shortfalls of cash flow during those years.

The cash flow numbers page contains the numerical information upon which the graph is based. This page showsthe sources and uses of funds. The columns coincide with the bars and lines in the cash flow graph. Red numbersrepresent a use of cash, black a source.

The red numbers in the Retire/Roth or Investment Accounts columns are additions made to those accounts; theseare investments and uses of funds. The black numbers in those columns represent withdrawals from the account;these are sources of funds to meet retirement needs.

All sources (and investment uses) are subtotaled in the Total Sources column. Tax estimates are based on earned

income and investment income (adjusted for contributions to qualified retirement accounts) multiplied by theestimated net effective tax rates. The resulting tax estimate is added to inflation adjusted living expenses to createan estimated annual figure.

The combination of Total Sources and Living Expenses & Taxes can create a surplus or shortage. A shortageindicates that expenses exceed incomes and sources. A surplus can indicate that incomes exceed expenses. Duringretirement, if money is withdrawn at the same level of need, no surplus or shortage will occur.





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Total Capital Assets

The Total Capital Assets graph displays taxable assets, combined with the value of the tax advantaged assets overtime. The illustration shows assets from current age through life expectancy. Estimated capital growth is based onthe rate of return for the assets, plus any annual additions or expenses. When the taxable accounts have beenconsumed, tax-advantaged accounts may be drawn on for additional funds.

Generally, the IRS requires that by age 70 1/2, minimum distributions must be made from qualified tax-deferredaccounts. These annual distributions must be made on a schedule calculated to consume the account balancesduring the life expectancy. Money distributed from these tax-deferred accounts will first be used to meet currentspending needs. Excess funds will be reinvested into taxable accounts.





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Retirement Capital Analysis

*R=Retirement age, L=Life expectancy.** Pensions & 85% of S.S. reduced 20.00% for income taxes. *** Includes life insurance and education costs.

Retirement

CapitalAnnual

AdditionsTo Assets

Education& Other

Inc/Exp***

Sources of Annual Income **

Indv. 1

RetirementSpendingNeeds

Ages*

Indv. 2 Indv. 1 Indv. 2

Social Security Pension IncomeNet Surplus

or(Shortage)

Note: This report is based upon assumed inflation rates of 3.00% and 3.00% (before and after retirement). Actual future inflation rates are unknown.

$183,000

4848 16,000 211,7064949 16,480 242,8285050 12,731 12,731 16,973 263,4795151 17,483 299,2985252 (22,510) (22,510) 18,008 314,9715353 18,547 355,7025454 22,934 22,934 19,105 376,2405555 21,278 21,278 19,676 399,0305656 22,554 22,554 20,267 420,2525757 23,908 23,908 20,875 446,2815858 25,342 25,342 21,501 467,7625959 (26,863) (26,863) 22,147 487,7886060 11,250 (28,474) (17,224) 22,811 523,2466161 11,475 11,475 23,496 595,9276262 20,754 11,315 5,400 11,705 49,173 24,201 712,8266363 21,221 11,569 5,508 11,939 50,237 24,926 838,769

92,26364 R64 R 22,869 12,468 5,993 12,989 37,944 848,650

95,0306565 23,384 12,749 6,113 13,249 39,536 857,882(97,880)6666 23,910 13,035 6,235 13,514 (41,186) 866,407(100,816)6767 24,448 13,329 6,360 13,784 (42,896) 869,640103,8406868 24,998 13,629 6,487 14,060 44,667 864,308106,9556969 25,561 13,935 6,616 14,341 46,502 856,293110,1637070 26,136 14,249 6,749 14,628 48,402 845,352113,4677171 26,724 14,569 6,884 14,921 50,370 831,221116,8717272 27,325 14,897 7,021 15,219 52,409 813,616

(120,377)7373 27,940 15,232 7,162 15,523 (54,520) 792,237(123,988)7474 28,568 15,575 7,305 15,834 (56,706) 766,761127,7077575 29,211 15,926 7,451 16,150 58,969 736,842131,5387676 29,868 16,284 7,600 16,473 61,312 702,112135,4847777 30,541 16,650 7,752 16,803 63,738 662,173139,5487878 31,228 17,025 7,907 17,139 66,249 616,606

143,7347979 31,930 17,408 8,065 17,482 68,849 564,957(148,046)8080 32,649 17,800 8,227 17,831 (71,540) 506,747(152,487)8181 33,383 18,200 8,391 18,188 (74,324) 441,458(157,061)8282 34,134 18,610 8,559 18,552 (77,206) 386,335161,7728383 34,902 19,028 8,730 18,923 80,188 326,920166,6258484 35,688 19,456 8,905 19,301 83,275 260,761171,6238585 L 36,491 19,894 9,083 19,687 86,468 187,344153,70986 37,312 20,081 96,316 99,378158,32087 38,151 20,483 99,686 2,664

(163,069)88 39,010 20,892 (103,167)(167,961)89 39,887 21,310 (106,763)172,99990 L 40,785 21,736 110,478





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Taxable Savings & Investment Accounts

Ages AccountAdditions

From Tax-Advantaged AssetsAccount

Balance**

* Estimated taxes include tax due on income and on sales of assets. Starting cost basis is estimated at 100.00%.

AnnualGrowth

Income TaxOn

Account*Distri-

butions Income Tax

Paid out orreceived forcash flow

** This report is based on assumed growth rates of 7.00% and 6.00%, and inflation rates of 3.00% and 3.00% (before and after retirement).

$25,000

Account additions are calculated to increase at 3.00% per year for each individual.

1 & 2

4848 3,000 1,855 464 29,3914949 3,090 2,166 541 34,1055050 3,183 2,053 513 12,731 26,0975151 3,278 1,942 (485) 30,8315252 3,377 1,489 372 22,510 12,8135353 3,478 1,019 255 17,0545454 3,582 582 145 1,862 22,9345555 3,690 19,299 1,711 21,2785656 3,800 22,947 (4,193) (22,554)5757 3,914 20,234 240 23,9085858 4,032 26,896 5,586 25,3425959 4,153 30,280 7,570 26,8636060 4,277 17,262 4,316 17,2246161 4,406 556 139 11,475 16,2976262 4,538 3,021 755 49,173 72,2736363 4,674 6,981 1,745 50,237 132,41964 R64 R 6,807 1,361 37,944 99,921

6565 4,809 (962) (39,536) 64,2326666 2,618 524 41,186 25,1406767 737 147 21,458 4,292 42,8966868 55,833 11,167 44,6676969 58,127 11,625 46,5027070 60,502 (12,100) (48,402)7171 62,962 12,592 50,3707272 65,511 13,102 52,4097373 68,150 13,630 54,5207474 70,882 14,176 56,7067575 73,711 (14,742) (58,969)7676 76,640 15,328 61,3127777 79,673 15,935 63,7387878 82,812 16,562 66,249

7979 86,061 (17,212) (68,849)8080 89,425 17,885 71,5408181 92,905 18,581 74,3248282 79,233 2,027 77,2068383 80,188 80,1888484 83,275 (83,275)8585 L 86,468 86,46886 96,316 96,31687 99,686 99,68688 2,742 103,16789 (106,763)90 L 110,478





25/66

Tax-Deferred Annuities

Additions Growth WithdrawalsBalance*

Growth Withdrawal

* This report is based on assumed growth rates of 7.00% and 7.00%, with inflation rates of 3.00% and 3.00% (before and afterretirement). Starting Cost basis is 100.00%. Account additions are calculated to increase 3.00% per year.

Tax DueAges1 & 2

Account Annual Account Cumulative Taxable Income30,000

4848 2,100 32,100 2,1004949 2,247 34,347 4,3475050 2,404 36,751 6,7515151 2,573 39,324 9,324

5252 2,753 42,077 12,0775353 2,945 45,022 15,0225454 3,152 48,173 18,1735555 3,133 6,842 44,464 21,306 6,842 1,7115656 2,309 22,947 23,826 16,773 16,773 4,1935757 960 (20,234) 4,552 960 960 (240)5858 154 4,706 154 154 385959606061616262636364 R64 R6565

66666767686869697070717172727373747475757676777778787979808081818282838384848585 L8687888990 L





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Tax-Deferred Retirement Accounts

AccountAdditions

AnnualGrowth

With-drawals

Balance*

Age

Individual 1 Accounts Individual 2 Accounts

AccountAdditions

AnnualGrowth

With-drawals

Balance*

Age $14,000$100,000

* This report is based on assumed growth rates of 7.00% and 6.00%, and inflation rates of 3.00% and 3.00% (before and afterretirement). Account deposits are calculated to increase 3.00% and 3.00% per year (Individual 1 and 2). Company contributions to Roth401k accounts show as account additions to Tax Deferred accounts.

489,00048 7,315 116,315 980 14,980499,27049 8,467 134,051 1,049 16,028509,54850 9,718 153,316 1,122 17,149

519,83551 11,076 174,226 1,200 18,3495210,13052 12,550 196,905 1,284 19,6335310,43353 14,149 221,486 1,374 21,0075410,74654 15,880 248,112 1,470 22,4775511,06955 17,755 276,936 1,573 24,0505611,40156 19,785 308,121 1,684 25,7335711,74357 21,979 341,843 1,801 27,5345812,09558 23,576 (22,190) 355,323 1,927 29,4615912,45859 24,249 (30,280) 361,749 2,062 31,5236012,83260 25,167 (17,262) 382,485 2,207 33,7296113,21761 27,237 422,938 2,361 36,0906213,61362 30,082 466,633 2,526 38,6166314,02263 33,155 513,809 2,703 41,31964 R64 R 30,829 544,637 2,479 43,798

6565 32,678 577,315 2,628 46,4256666 34,639 611,953 2,786 49,2106767 36,073 (21,458) 626,568 2,953 52,1626868 35,919 (55,833) 606,653 3,130 55,2916969 34,655 (58,127) 583,181 3,317 58,6087070 33,240 (58,363) 558,057 3,452 (2,139) 59,9217171 31,662 (60,701) 529,018 3,527 (2,261) 61,1877272 29,847 (63,121) 495,744 3,600 (2,390) 62,3967373 27,776 (65,624) 457,896 3,668 (2,526) 63,5377474 25,427 (68,212) 415,110 3,732 (2,670) 64,5997575 22,780 (70,890) 366,999 3,791 (2,821) 65,5697676 19,810 (73,660) 313,149 3,845 (2,980) 66,4337777 16,493 (76,539) 253,102 3,892 (3,134) 67,1917878 12,801 (79,502) 186,401 3,932 (3,310) 67,813

7979 8,707 (82,583) 112,524 3,964 (3,478) 68,2998080 4,178 (85,772) 30,930 3,988 (3,652) 68,6358181 901 (31,831) 2,286 (61,075) 9,8468282 287 (10,133)838384848585 L8687888990 L





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Tax-Free Accounts

AdditionsIndv. 1

AdditionsIndv. 2

AnnualGrowth

Balance*

* Roth growth rates: 7.00% and 6.00%, Tax-Free: 5.00% and 5.00%, inflation rates: 3.00% and 3.00% (before and after retirement).Account deposits are calculated to increase 3.00% and 3.00% per year (Individual 1 and 2).

Indv 1

Combined ROTH IRA Accounts Other Tax Free Assets

AccountAdditions

AnnualGrowth

With-drawals

Balance*

Indv 2 $10,000$4,000

Age With-drawals

48 48 2,000 2,000 420 8,420 500 10,50049 49 2,060 2,060 734 13,272 525 11,02550 50 2,121 2,121 1,078 18,590 551 11,57651 51 2,185 2,185 1,454 24,414 579 12,15452 52 2,251 2,251 1,867 30,782 608 12,76153 53 2,318 2,318 2,317 37,734 638 13,39954 54 2,388 2,388 2,809 45,318 623 (1,862) 12,16055 55 2,459 2,459 3,344 53,580 297 (12,457)56 56 2,533 2,533 3,928 62,57257 57 2,609 2,609 4,563 72,35258 58 2,687 2,687 5,253 82,97859 59 2,768 2,768 6,002 94,51660 60 2,851 2,851 6,816 107,03261 61 2,937 2,937 7,698 120,60262 62 3,025 3,025 8,654 135,30463 63 3,115 3,115 9,689 151,22264 R 64 R 9,073 160,29465 65 9,618 169,910

66 66 10,195 180,10467 67 10,806 190,91068 68 11,455 202,36469 69 12,142 214,50470 70 12,870 227,37471 71 13,642 241,01672 72 14,461 255,47673 73 15,329 270,80474 74 16,248 287,05275 75 17,223 304,27476 76 18,256 322,53077 77 19,352 341,88078 78 20,513 362,39279 79 21,744 384,13480 80 23,048 407,182

81 81 24,431 431,61282 82 23,824 (69,100) 386,33583 83 20,774 (80,188) 326,92084 84 17,117 (83,275) 260,76185 L 85 13,052 (86,468) 187,344

86 8,351 (96,316) 99,37887 2,972 (99,686) 2,66488 78 (2,742)8990 L





28/66

Retirement Capital Analysis - What-if?

Retirement Capital AnalysisThe analysis begins at your current age and extends through your life expectancy. It includes all assets, both taxadvantaged and taxable, all expenses, including education funding if applicable, other income and expenseestimates, defined benefit pensions, and Social Security benefits. The graph illustrates growth and depletion ofcapital assets as seen in Retirement Capital Analysis.

Success Rate of Plan "Retire one year later at age 65.": 52%

Assumptions Changed from Original Report :

Retirement Age - Indiv. 1 65






29/66

Monte Carlo Retirement Simulation - What-if?

Illustration based on an average rate of return of 6.4%, with a std. dev. of 6.4% (95% of values fall between -6.4% and 19.2%).

Life insurance proceeds are not included in the final year balances of these calculations.



Success Rate of Plan "Retire one year later at age 65.": 52%








30/66



Retirement

CapitalAnnual

AdditionsTo Assets

Education& Other

Inc/Exp***


Indv. 1


Ages*



or(Shortage)


$183,000

4848 16,000 211,7064949 16,480 242,8285050 12,731 12,731 16,973 263,4795151 17,483 299,2985252 22,510 22,510 18,008 314,9715353 18,547 355,7025454 22,934 22,934 19,105 376,2405555 (21,278) (21,278) 19,676 399,0305656 (22,554) (22,554) 20,267 420,2525757 23,908 23,908 20,875 446,2815858 25,342 25,342 21,501 467,7625959 26,863 26,863 22,147 487,7886060 11,250 28,474 17,224 22,811 523,2466161 11,475 11,475 23,496 595,9276262 20,754 11,315 5,400 11,705 49,173 24,201 712,8266363 21,221 11,569 5,508 11,939 50,237 24,926 838,7696464 21,698 11,830 5,618 12,177 51,323 25,674 974,365

95,03065 R65 R 23,384 12,749 6,113 13,249 39,536 989,97597,8806666 23,910 13,035 6,235 13,514 41,186 1,005,205

100,8166767 24,448 13,329 6,360 13,784 42,896 1,020,010103,8406868 24,998 13,629 6,487 14,060 44,667 1,034,339106,9556969 25,561 13,935 6,616 14,341 46,502 1,048,143

(110,163)7070 26,136 14,249 6,749 14,628 (48,402) 1,050,732(113,467)7171 26,724 14,569 6,884 14,921 (50,370) 1,048,924116,8717272 27,325 14,897 7,021 15,219 52,409 1,044,381120,3777373 27,940 15,232 7,162 15,523 54,520 1,036,848123,9887474 28,568 15,575 7,305 15,834 56,706 1,026,048127,7077575 29,211 15,926 7,451 16,150 58,969 1,011,686131,5387676 29,868 16,284 7,600 16,473 61,312 993,446

(135,484)7777 30,541 16,650 7,752 16,803 (63,738) 970,989(139,548)7878 31,228 17,025 7,907 17,139 (66,249) 943,951

143,7347979 31,930 17,408 8,065 17,482 68,849 911,943148,0468080 32,649 17,800 8,227 17,831 71,540 874,551152,4878181 33,383 18,200 8,391 18,188 74,324 831,329157,0618282 34,134 18,610 8,559 18,552 77,206 781,804161,7728383 34,902 19,028 8,730 18,923 80,188 725,468

(166,625)8484 35,688 19,456 8,905 19,301 (83,275) 661,777(171,623)8585 L 36,491 19,894 9,083 19,687 (86,468) 590,155153,70986 37,312 20,081 96,316 522,640158,32087 38,151 20,483 99,686 451,321163,06988 39,010 20,892 103,167 372,138167,96189 39,887 21,310 106,763 284,499172,99990 L 40,785 21,736 110,478 187,776





31/66



Success Rate of Plan "Reduce expenses to $50,000. ": 74%


Spending Needs - Retirement $50,000





32/66






Success Rate of Plan "Reduce expenses to $50,000. ": 74%







33/66



Retirement

CapitalAnnual

AdditionsTo Assets

Education& Other

Inc/Exp***


Indv. 1


Ages*



or(Shortage)


$183,000

4848 16,000 211,7064949 16,480 242,8285050 12,731 12,731 16,973 263,4795151 17,483 299,2985252 22,510 22,510 18,008 314,9715353 18,547 355,7025454 22,934 22,934 19,105 376,2405555 (21,278) (21,278) 19,676 399,0305656 (22,554) (22,554) 20,267 420,2525757 23,908 23,908 20,875 446,2815858 25,342 25,342 21,501 467,7625959 26,863 26,863 22,147 487,7886060 11,250 28,474 17,224 22,811 523,2466161 11,475 11,475 23,496 595,9276262 20,754 11,315 5,400 11,705 49,173 24,201 712,8266363 21,221 11,569 5,508 11,939 50,237 24,926 838,769

(80,228)64 R64 R 22,869 12,468 5,993 12,989 (25,909) 860,97382,6346565 23,384 12,749 6,113 13,249 27,140 883,49085,1136666 23,910 13,035 6,235 13,514 28,419 906,31787,6666767 24,448 13,329 6,360 13,784 29,746 929,45590,2956868 24,998 13,629 6,487 14,060 31,122 952,89993,0036969 25,561 13,935 6,616 14,341 32,550 970,134

(95,793)7070 26,136 14,249 6,749 14,628 (34,032) 984,525(98,666)7171 26,724 14,569 6,884 14,921 (35,569) 997,801101,6257272 27,325 14,897 7,021 15,219 37,163 1,009,820104,6737373 27,940 15,232 7,162 15,523 38,816 1,020,432107,8137474 28,568 15,575 7,305 15,834 40,531 1,029,474111,0477575 29,211 15,926 7,451 16,150 42,309 1,036,768114,3787676 29,868 16,284 7,600 16,473 44,152 1,042,127

(117,809)7777 30,541 16,650 7,752 16,803 (46,063) 1,045,346(121,343)7878 31,228 17,025 7,907 17,139 (48,044) 1,046,208

124,9837979 31,930 17,408 8,065 17,482 50,098 1,044,477128,7328080 32,649 17,800 8,227 17,831 52,226 1,039,905132,5938181 33,383 18,200 8,391 18,188 54,430 1,032,218136,5708282 34,134 18,610 8,559 18,552 56,715 1,021,128140,6678383 34,902 19,028 8,730 18,923 59,083 1,006,324

(144,887)8484 35,688 19,456 8,905 19,301 (61,537) 987,472(149,233)8585 L 36,491 19,894 9,083 19,687 (64,078) 964,218153,70986 37,312 20,081 96,316 898,063158,32087 38,151 20,483 99,686 823,600163,06988 39,010 20,892 103,167 740,187167,96189 39,887 21,310 106,763 655,295172,99990 L 40,785 21,736 110,478 580,820





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Success Rate of Plan "Retire one year later and reduce expenses. ": 91%









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Success Rate of Plan "Retire one year later and reduce expenses. ": 91%









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Retirement

CapitalAnnual

AdditionsTo Assets

Education& Other

Inc/Exp***


Indv. 1


Ages*



or(Shortage)


$183,000

4848 16,000 211,7064949 16,480 242,8285050 12,731 12,731 16,973 263,4795151 17,483 299,2985252 22,510 22,510 18,008 314,9715353 18,547 355,7025454 22,934 22,934 19,105 376,2405555 (21,278) (21,278) 19,676 399,0305656 (22,554) (22,554) 20,267 420,2525757 23,908 23,908 20,875 446,2815858 25,342 25,342 21,501 467,7625959 26,863 26,863 22,147 487,7886060 11,250 28,474 17,224 22,811 523,2466161 11,475 11,475 23,496 595,9276262 20,754 11,315 5,400 11,705 49,173 24,201 712,8266363 21,221 11,569 5,508 11,939 50,237 24,926 838,7696464 21,698 11,830 5,618 12,177 51,323 25,674 974,365

82,63465 R65 R 23,384 12,749 6,113 13,249 27,140 1,002,66985,1136666 23,910 13,035 6,235 13,514 28,419 1,031,58287,6666767 24,448 13,329 6,360 13,784 29,746 1,061,11990,2956868 24,998 13,629 6,487 14,060 31,122 1,091,29293,0036969 25,561 13,935 6,616 14,341 32,550 1,122,117

(95,793)7070 26,136 14,249 6,749 14,628 (34,032) 1,147,341(98,666)7171 26,724 14,569 6,884 14,921 (35,569) 1,172,226101,6257272 27,325 14,897 7,021 15,219 37,163 1,196,678104,6737373 27,940 15,232 7,162 15,523 38,816 1,220,598107,8137474 28,568 15,575 7,305 15,834 40,531 1,243,872111,0477575 29,211 15,926 7,451 16,150 42,309 1,266,381114,3787676 29,868 16,284 7,600 16,473 44,152 1,287,995

(117,809)7777 30,541 16,650 7,752 16,803 (46,063) 1,308,615(121,343)7878 31,228 17,025 7,907 17,139 (48,044) 1,328,050

124,9837979 31,930 17,408 8,065 17,482 50,098 1,344,339128,7328080 32,649 17,800 8,227 17,831 52,226 1,357,757132,5938181 33,383 18,200 8,391 18,188 54,430 1,369,141136,5708282 34,134 18,610 8,559 18,552 56,715 1,378,267140,6678383 34,902 19,028 8,730 18,923 59,083 1,384,891

(144,887)8484 35,688 19,456 8,905 19,301 (61,537) 1,388,753(149,233)8585 L 36,491 19,894 9,083 19,687 (64,078) 1,389,577153,70986 37,312 20,081 96,316 1,348,944158,32087 38,151 20,483 99,686 1,301,534163,06988 39,010 20,892 103,167 1,246,797167,96189 39,887 21,310 106,763 1,184,146172,99990 L 40,785 21,736 110,478 1,112,953





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Insurance Summary

Insurance Included in Estate:

Company Name

Insured

Owner

Beneficiary

Type

Death Benefit

Annual Premium

Total Premiums Paid

Current Cash Values

Indv 1

Indv 1

Indv 2

Term

$300,000

Indv 2

Indv 2

Indv 1

Term

$100,000

John predeceases Mary

John Mary

Policy 1 - $300,000 $0

Policy 2 - 0 100,000

$300,000 $100,000

Mary predeceases John

Mary John

Policy 1 - $0 $300,000

Policy 2 - 100,000 0

$100,000 $300,000





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Survivor Needs Analysis

In the event of an untimely death, survivors may be left without the household income needed tosustain their existing lifestyle. Life insurance coverage is recommended in an amount that willensure sufficient ongoing income, as well as cover immediate needs, such as final expenses.

Present Value:

Life Insurance Basic Needs Estimate on John:

Determining proper levels of life insurance involves a comparison of current and future householdexpense levels with expected surviving spouse's earnings plus survivor benefits. Other resourcesare also taken into account such as: liquid assets, investments, pension, and retirement accounts.

Insurance needs estimates are the calculated lump sum amounts which would provide a source offuture cash flow to supplement the anticipated household income. The insurance levels suggestedare just general guides and may not include all factors affecting your own situation.

Spending needs for this report are based upon $60,000 per year, inflated at 3% each year

until retirement and $50,000 per year, inflated at 3% each year during retirement.

Anticipated Spending Needs

Education Expenses

Other Expenses

$1,382,757

35,895

99,999

$1,536,150

Social Security BenefitsPension Benefits

Other Incomes

(452,470)

(0)

(110,076)

($855,355)

Mary's Employment ($292,809)

Net Estimated Survivor Need Shortage $680,796

Currently Existing Liabilities 140,000

Assets Available to Offset Shortage (183,000)

Current Life Insurance Coverage (300,000)

Suggested Additional Life Insurance Coverage $337,796

Note: Estimated insurance requirements can vary over time due to changes in asset levels, specialexpenses, education expenses, estate planning, and spouses retirement needs. Additional insurance,held outside of an insurance trust, may have estate tax consequences. It may be prudent to purchasean amount of insurance appropriate to prepare for potential higher coverage needs. Consult with afinancial advisor or insurance agent about factors that may suggest additional insurance coverage.

Final Expenses 17,500





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$2,308

Survivor Needs Analysis

In the event of an untimely death, survivors may be left without the household income needed tosustain their existing lifestyle. Life insurance coverage is recommended in an amount that willensure sufficient ongoing income, as well as cover immediate needs, such as final expenses.

Present Value:

Life Insurance Basic Needs Estimate on Mary:

Determining proper levels of life insurance involves a comparison of current and future householdexpense levels with expected surviving spouse's earnings plus survivor benefits. Other resourcesare also taken into account such as: liquid assets, investments, pension, and retirement accounts.

Insurance needs estimates are the calculated lump sum amounts which would provide a source offuture cash flow to supplement the anticipated household income. The insurance levels suggestedare just general guides and may not include all factors affecting your own situation.

Spending needs for this report are based upon $60,000 per year, inflated at 3% each year

until retirement and $50,000 per year, inflated at 3% each year during retirement.

Anticipated Spending Needs

Education Expenses

Other Expenses

Social Security BenefitsPension Benefits

Other Incomes

John's Employment

Net Estimated Survivor Need Shortage

Currently Existing Liabilities

Asset

Date post:	14-Apr-2018
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