financial goal plan - esullivanwm.netesullivanwm.net/sample-financial-plan.pdftable of contents net...

Khris and Khristy Bailey

January 27, 2017

Financial Goal Plan

Prepared by:

Christopher BaileyCPA, IAR

Table Of Contents

Net Worth Detail - All Resources 1

Net Worth Summary - All Resources 2

Personal Information and Summary of Financial Goals 3 - 4

Worksheet Detail - Combined Details 5 - 12

Results - Current and Recommended 13 - 16

What If Worksheet 17 - 21

Net Worth Detail - All Resources

01/27/2017

Prepared for : Khris and Khristy Bailey Company: Sullivan & Company Prepared by: Christopher Bailey

Page 1 of 21

See Important Disclosure Information section in this Report for explanations of assumptions, limitations, methodologies, and a glossary.

This is your Net Worth Detail as of 01/27/2017. Your Net Worth is the difference between what you own (your Assets) and what you owe(your Liabilities). To get an accurate Net Worth statement, make certain you have entered all of your Assets and Liabilities.

Description TotalJointKhristyKhris

Investment Assets

Employer Retirement Plans

Khris 401(k) $91,369$91,369

Khristy 401(k) $58,923$58,923

Total Investment Assets: $150,292$91,369 $58,923 $0

Other Assets

Home and Personal Assets

Home $260,000$260,000

Total Other Assets: $260,000$0 $0 $260,000

Liabilities

Personal Real Estate Loan:

Home Mortgage $215,000$215,000

Total Liabilities: $215,000$0 $0 $215,000

Net Worth: $195,292

Net Worth Summary - All Resources

01/27/2017


Page 2 of 21


This is your Net Worth Summary as of 01/27/2017. Your Net Worth is the difference between what you own (your Assets) and what youowe (your Liabilities). To get an accurate Net Worth statement, make certain you have entered all of your Assets and Liabilities.

+ $260,000Other Assets

Investment Assets $150,292

Total Liabilities $215,000

Net Worth $195,292

$410,292Total Assets

-

Description Total

Investment Assets

Employer Retirement Plans $150,292

Total Investment Assets: $150,292

Other Assets

Home and Personal Assets $260,000

Total Other Assets: $260,000

Liabilities

Personal Real Estate Loan: $215,000

Total Liabilities: $215,000

Net Worth: $195,292

Personal Information and Summary of Financial Goals

01/27/2017


Page 3 of 21


Khris and Khristy Bailey

Needs

Retirement - Basic Living Expense10

Khris (2029)Khristy (2030)Khris Retired and Khristy Employed (2029-2029)Both Retired (2030-2052)Khristy Alone Retired (2053-2059)

6464$40,000$81,000$40,000Base Inflation Rate (4.07%)

Wants

Travel7

When Khris retiresRecurring every 2 years until end of Khris's plan

$2,500Base Inflation Rate (4.07%)

Purchase Boat7

In 2025 $25,000Base Inflation Rate (4.07%)

Wishes

Wedding3

In 2033 $22,000Base Inflation Rate (4.07%)

Personal Information and Summary of Financial Goals

01/27/2017


Page 4 of 21


Personal Information

Khris

Male - born 12/13/1965, age 51

Khristy

Female - born 12/20/1966, age 50

Married, US Citizens living in MD

Employed - $75,000

Employed - $60,000

• This section lists the Personal and Financial Goal information you provided, which willbe used to create your Report. It is important that it is accurate and complete.

Participant Name Date of Birth Age Relationship

Kristine 01/01/2001 16 Child

Worksheet Detail - Combined Details

01/27/2017


Page 5 of 21


Total Portfolio Value Graph

These pages provide a picture of how your Investment Portfolio may hypothetically perform over the life of this Plan. The graph shows theeffect on the value of your Investment Portfolio for each year. The chart shows the detailed activities that increase and decrease yourInvestment Portfolio value each year including the funds needed to pay for each of your Goals. Shortfalls that occur in a particular year aredenoted with an 'X' under the Goal column.

Scenario : Current Scenario using Average Returns

x - denotes shortfall


01/27/2017


Page 6 of 21


Event or Ages Year

Beginning Portfolio Value

Earmarked Fund AllGoals

AdditionsTo Assets

OtherAdditions

PostRetirement

Income

InvestmentEarnings

Taxes

Funds Used

Retirement Travel PurchaseBoat

Wedding EndingPortfolio

Value

52 / 51 2017 0 150,292 18,900 0 0 14,060 0 0 0 0 0 183,252

53 / 52 2018 0 183,252 19,669 0 0 16,863 0 0 0 0 0 219,784

54 / 53 2019 0 219,784 20,470 0 0 19,965 0 0 0 0 0 260,218

55 / 54 2020 0 260,218 21,303 0 0 23,394 0 0 0 0 0 304,916

56 / 55 2021 0 304,916 22,170 0 0 27,181 0 0 0 0 0 354,266

57 / 56 2022 0 354,266 23,072 0 0 31,357 0 0 0 0 0 408,695

58 / 57 2023 0 408,695 24,011 0 0 35,958 0 0 0 0 0 468,664

59 / 58 2024 0 468,664 24,988 0 0 41,023 0 0 0 0 0 534,675

60 / 59 2025 0 534,675 26,005 0 0 46,593 0 0 0 x0 0 607,273

61 / 60 2026 0 607,273 27,064 0 0 52,713 0 0 0 0 0 687,050

62 / 61 2027 0 687,050 28,165 0 0 59,434 0 0 0 0 0 774,650

63 / 62 2028 0 774,650 29,312 0 0 66,809 0 0 0 0 0 870,771

Khris Retires 2029 0 870,771 13,558 0 0 66,126 24,022 64,560 x0 0 0 861,873

Khristy Retires 2030 0 861,873 0 0 0 58,579 20,898 136,056 0 0 0 763,498

66 / 65 2031 0 763,498 0 0 0 49,895 21,484 141,593 x0 0 0 650,316

67 / 66 2032 0 650,316 0 0 62,283 45,270 20,473 147,356 0 0 0 590,040

68 / 67 2033 0 590,040 0 0 109,367 43,698 20,208 153,354 x0 0 x0 569,543

69 / 68 2034 0 569,543 0 0 113,818 41,731 21,583 159,595 0 0 0 543,915

70 / 69 2035 0 543,915 0 0 118,451 39,372 22,487 166,091 x0 0 0 513,161

71 / 70 2036 0 513,161 0 0 123,272 36,579 23,402 172,850 0 0 0 476,759

72 / 71 2037 0 476,759 0 0 128,289 33,307 24,354 179,885 x0 0 0 434,115

73 / 72 2038 0 434,115 0 0 133,510 29,507 25,346 187,207 0 0 0 384,580

74 / 73 2039 0 384,580 0 0 138,944 25,123 26,377 194,826 x0 0 0 327,443

75 / 74 2040 0 327,443 0 0 144,599 20,097 27,451 202,756 0 0 0 261,933

76 / 75 2041 0 261,933 0 0 150,484 14,363 28,568 211,008 x0 0 0 187,205

77 / 76 2042 0 187,205 0 0 156,609 7,852 29,731 219,596 0 0 0 102,339

78 / 77 2043 0 102,339 0 0 162,983 486 30,941 228,533 x0 0 0 6,334

79 / 78 2044 0 6,334 0 0 169,617 0 14,289 x161,662 0 0 0 0

80 / 79 2045 0 0 0 0 176,520 0 13,616 x162,904 x0 0 0 0

81 / 80 2046 0 0 0 0 183,704 0 14,170 x169,535 0 0 0 0




01/27/2017


Page 7 of 21


Event or Ages Year



AdditionsTo Assets

OtherAdditions

PostRetirement

Income

InvestmentEarnings

Taxes

Funds Used



Value

82 / 81 2047 0 0 0 0 191,181 0 14,746 x176,435 x0 0 0 0

83 / 82 2048 0 0 0 0 198,962 0 15,347 x183,616 0 0 0 0

84 / 83 2049 0 0 0 0 207,060 0 15,971 x191,089 x0 0 0 0

85 / 84 2050 0 0 0 0 215,487 0 16,621 x198,866 0 0 0 0

86 / 85 2051 0 0 0 0 224,258 0 17,298 x206,960 x0 0 0 0

Khris's PlanEnds

2052 0 0 0 0 233,385 0 18,002 x215,383 0 0 0 0

- / 87 2053 0 0 0 0 143,947 0 12,726 x131,221 0 0 0 0

- / 88 2054 0 0 0 0 149,806 0 13,244 x136,562 0 0 0 0

- / 89 2055 0 0 0 0 155,903 0 13,783 x142,120 0 0 0 0

- / 90 2056 0 0 0 0 162,248 0 14,344 x147,904 0 0 0 0

- / 91 2057 0 0 0 0 168,852 0 14,928 x153,924 0 0 0 0

- / 92 2058 0 0 0 0 175,724 0 15,535 x160,189 0 0 0 0

Khristy's PlanEnds

2059 0 0 0 0 182,876 0 16,168 x166,708 0 0 0 0




01/27/2017


Page 8 of 21



Notes

• Calculations are based on a “Rolling Year” rather than a Calendar Year. The current datebegins the 365-day “Rolling Year”.

• Additions and withdrawals occur at the beginning of the year.

• Post Retirement Income includes the following: Social Security, pension, annuity, rentalproperty, royalty, alimony, part-time employment, trust, and any other retirement income asentered in the Plan.

• Other Additions come from items entered in the Other Assets section and any applicableproceeds from insurance policies.

• Stock Options and Restricted Stock values are after-tax.

• Strategy Income is based on the particulars of the Goal Strategies selected. Strategy Incomefrom immediate annuities, 72(t) distributions, and variable annuities with a guaranteed minimumwithdrawal benefit (GMWB) is pre-tax. Strategy Income from Net Unrealized Appreciation (NUA)is after-tax.

• Investment Earnings are calculated on all assets after any withdrawals for 'Goal Expense', 'Taxeson Withdrawals' and 'Tax Penalties' are subtracted.

• When married, if either Social Security Program Estimate or Use This Amount and EvaluateAnnually is selected for a participant, the program will default to the greater of the selectedbenefit or the age adjusted spousal benefit based on the other participant's benefit.

• The taxes column is a sum of (1) taxes on retirement income, (2) taxes on strategy income, (3)taxes on withdrawals from qualified assets for Required Minimum Distributions, (4) taxes onwithdrawals from taxable assets' untaxed gain used to fund Goals in that year, (5) taxes onwithdrawals from tax-deferred or qualified assets used to fund goals in that year, and (6) taxes onthe investment earnings of taxable assets. Tax rates used are detailed in the Tax and InflationOptions page. (Please note, the Taxes column does not include any taxes owed from the exerciseof Stock Options or the vesting of Restricted Stock.)

• Funds for each Goal Expense are first used from Earmarked Assets. If sufficient funds are notavailable from Earmarked Assets, Fund All Goals Assets will be used to fund the remainingportion of the Goal Expense, if available in that year.

• These calculations do not incorporate penalties associated with use of 529 Plan withdrawals fornon-qualified expenses.

• All funds needed for a Goal must be available in the year the Goal occurs. Funds fromEarmarked Assets that become available after the goal year(s) have passed are not included in thefunding of that Goal, and accumulate until the end of the Plan.

• Tax Penalties can occur when Qualified and Tax-Deferred Assets are used prior to age 59½. Ifthere is a value in this column, it illustrates that you are using your assets in this Plan in a mannerthat may incur tax penalties. Generally, it is better to avoid tax penalties whenever possible.

• When married, ownership of qualified assets is assumed to roll over to the surviving co-client atthe death of the original owner. It is also assumed the surviving co-client inherits all assets of theoriginal owner.

• The Retirement Cash Reserve is the total funding amount for the Cash Reserve at the beginningof each year. The Retirement Cash Reserve is funded from the Earmarked and Fund All Goalscolumns, and the Cash Reserve amount is included in both the Beginning and Ending PortfolioValues.



01/27/2017


Page 9 of 21


Total Portfolio Value Graph

These pages provide a picture of how your Investment Portfolio may hypothetically perform over the life of this Plan. The graph shows theeffect on the value of your Investment Portfolio for each year. The chart shows the detailed activities that increase and decrease yourInvestment Portfolio value each year including the funds needed to pay for each of your Goals. Shortfalls that occur in a particular year aredenoted with an 'X' under the Goal column.

Scenario : What If Scenario 1 using Average Returns



01/27/2017


Page 10 of 21


Event or Ages Year



AdditionsTo Assets

OtherAdditions

PostRetirement

Income

InvestmentEarnings

Taxes

Funds Used



Value

52 / 51 2017 0 150,292 30,900 0 0 16,633 293 0 0 0 0 197,533

53 / 52 2018 0 197,533 31,669 0 0 21,041 605 0 0 0 0 249,638

54 / 53 2019 0 249,638 32,470 0 0 25,897 938 0 0 0 0 307,067

55 / 54 2020 0 307,067 33,303 0 0 31,246 1,294 0 0 0 0 370,321

56 / 55 2021 0 370,321 34,170 0 0 37,132 1,674 0 0 0 0 439,949

57 / 56 2022 0 439,949 35,072 0 0 43,607 2,080 0 0 0 0 516,548

58 / 57 2023 0 516,548 36,011 0 0 50,725 2,512 0 0 0 0 600,772

59 / 58 2024 0 600,772 36,988 0 0 58,546 2,974 0 0 0 0 693,333

60 / 59 2025 0 693,333 38,005 0 0 65,163 2,943 0 0 21,499 0 772,059

61 / 60 2026 0 772,059 39,064 0 0 74,461 3,434 0 0 0 0 882,149

62 / 61 2027 0 882,149 40,165 0 0 84,668 3,958 0 0 0 0 1,003,025

63 / 62 2028 0 1,003,025 41,312 0 0 95,870 4,518 0 0 0 0 1,135,689

64 / 63 2029 0 1,135,689 42,505 0 0 108,158 5,115 0 0 0 0 1,281,236

Khris & KhristyRetire

2030 0 1,281,236 0 0 0 105,355 0 130,953 2,624 0 0 1,253,015

66 / 65 2031 0 1,253,015 0 0 0 102,442 802 136,283 0 0 0 1,218,373

67 / 66 2032 0 1,218,373 0 0 62,283 102,448 19,987 141,829 2,842 0 0 1,218,445

68 / 67 2033 0 1,218,445 0 0 109,367 101,893 28,610 147,602 0 0 41,652 1,211,842

69 / 68 2034 0 1,211,842 0 0 113,818 105,431 20,487 153,609 3,078 0 0 1,253,918

70 / 69 2035 0 1,253,918 0 0 118,451 109,414 20,630 159,861 0 0 0 1,301,292

71 / 70 2036 0 1,301,292 0 0 123,272 113,153 22,264 166,368 3,333 0 0 1,345,752

72 / 71 2037 0 1,345,752 0 0 128,289 117,350 22,575 173,139 0 0 0 1,395,677

73 / 72 2038 0 1,395,677 0 0 133,510 121,272 24,345 180,185 3,610 0 0 1,442,318

74 / 73 2039 0 1,442,318 0 0 138,944 125,697 24,498 187,519 0 0 0 1,494,943

75 / 74 2040 0 1,494,943 0 0 144,599 129,811 26,415 195,151 3,910 0 0 1,543,877

76 / 75 2041 0 1,543,877 0 0 150,484 134,459 26,574 203,094 0 0 0 1,599,153

77 / 76 2042 0 1,599,153 0 0 156,609 138,757 28,652 211,360 4,235 0 0 1,650,273

78 / 77 2043 0 1,650,273 0 0 162,983 143,619 28,817 219,962 0 0 0 1,708,097

79 / 78 2044 0 1,708,097 0 0 169,617 148,087 31,068 228,914 4,586 0 0 1,761,231

80 / 79 2045 0 1,761,231 0 0 176,520 153,148 31,241 238,231 0 0 0 1,821,427




01/27/2017


Page 11 of 21


Event or Ages Year



AdditionsTo Assets

OtherAdditions

PostRetirement

Income

InvestmentEarnings

Taxes

Funds Used



Value

81 / 80 2046 0 1,821,427 0 0 183,704 157,764 33,679 247,927 4,967 0 0 1,876,321

82 / 81 2047 0 1,876,321 0 0 191,181 162,902 35,017 258,018 0 0 0 1,937,370

83 / 82 2048 0 1,937,370 0 0 198,962 167,561 37,261 268,519 5,380 0 0 1,992,734

84 / 83 2049 0 1,992,734 0 0 207,060 172,663 39,780 279,448 0 0 0 2,053,229

85 / 84 2050 0 2,053,229 0 0 215,487 177,190 42,370 290,821 5,827 0 0 2,106,888

86 / 85 2051 0 2,106,888 0 0 224,258 182,145 45,128 302,658 0 0 0 2,165,505

Khris's PlanEnds

2052 0 2,165,505 0 0 233,385 186,420 47,995 314,976 6,311 0 0 2,216,028

- / 87 2053 0 2,216,028 0 0 143,947 197,292 53,181 161,875 0 0 0 2,342,211

- / 88 2054 0 2,342,211 0 0 149,806 208,520 59,032 168,464 0 0 0 2,473,041

- / 89 2055 0 2,473,041 0 0 155,903 220,159 65,364 175,320 0 0 0 2,608,419

- / 90 2056 0 2,608,419 0 0 162,248 232,246 71,688 182,456 0 0 0 2,748,769

- / 91 2057 0 2,748,769 0 0 168,852 244,783 78,425 189,882 0 0 0 2,894,097

- / 92 2058 0 2,894,097 0 0 175,724 257,773 85,578 197,610 0 0 0 3,044,407

Khristy's PlanEnds

2059 0 3,044,407 0 0 182,876 271,218 93,139 205,653 0 0 0 3,199,710




01/27/2017


Page 12 of 21



Notes

• Calculations are based on a “Rolling Year” rather than a Calendar Year. The current datebegins the 365-day “Rolling Year”.

• Additions and withdrawals occur at the beginning of the year.

• Post Retirement Income includes the following: Social Security, pension, annuity, rentalproperty, royalty, alimony, part-time employment, trust, and any other retirement income asentered in the Plan.

• Other Additions come from items entered in the Other Assets section and any applicableproceeds from insurance policies.

• Stock Options and Restricted Stock values are after-tax.

• Strategy Income is based on the particulars of the Goal Strategies selected. Strategy Incomefrom immediate annuities, 72(t) distributions, and variable annuities with a guaranteed minimumwithdrawal benefit (GMWB) is pre-tax. Strategy Income from Net Unrealized Appreciation (NUA)is after-tax.

• Investment Earnings are calculated on all assets after any withdrawals for 'Goal Expense', 'Taxeson Withdrawals' and 'Tax Penalties' are subtracted.

• When married, if either Social Security Program Estimate or Use This Amount and EvaluateAnnually is selected for a participant, the program will default to the greater of the selectedbenefit or the age adjusted spousal benefit based on the other participant's benefit.

• The taxes column is a sum of (1) taxes on retirement income, (2) taxes on strategy income, (3)taxes on withdrawals from qualified assets for Required Minimum Distributions, (4) taxes onwithdrawals from taxable assets' untaxed gain used to fund Goals in that year, (5) taxes onwithdrawals from tax-deferred or qualified assets used to fund goals in that year, and (6) taxes onthe investment earnings of taxable assets. Tax rates used are detailed in the Tax and InflationOptions page. (Please note, the Taxes column does not include any taxes owed from the exerciseof Stock Options or the vesting of Restricted Stock.)

• Funds for each Goal Expense are first used from Earmarked Assets. If sufficient funds are notavailable from Earmarked Assets, Fund All Goals Assets will be used to fund the remainingportion of the Goal Expense, if available in that year.

• These calculations do not incorporate penalties associated with use of 529 Plan withdrawals fornon-qualified expenses.

• All funds needed for a Goal must be available in the year the Goal occurs. Funds fromEarmarked Assets that become available after the goal year(s) have passed are not included in thefunding of that Goal, and accumulate until the end of the Plan.

• Tax Penalties can occur when Qualified and Tax-Deferred Assets are used prior to age 59½. Ifthere is a value in this column, it illustrates that you are using your assets in this Plan in a mannerthat may incur tax penalties. Generally, it is better to avoid tax penalties whenever possible.

• When married, ownership of qualified assets is assumed to roll over to the surviving co-client atthe death of the original owner. It is also assumed the surviving co-client inherits all assets of theoriginal owner.

• The Retirement Cash Reserve is the total funding amount for the Cash Reserve at the beginningof each year. The Retirement Cash Reserve is funded from the Earmarked and Fund All Goalscolumns, and the Cash Reserve amount is included in both the Beginning and Ending PortfolioValues.


Results - Current and Recommended

01/27/2017


Page 13 of 21


Results Current Scenario Recommended Scenario

Average Return Bad Timing Average Return Bad Timing

82% 76% 100% 97%Estimated % of Goals Funded

Likelihood of Funding All Goals

Your Confidence Zone: 70% - 90%

Current Scenario What If Scenario 1 Changes In Value

Retirement

Retirement Age

1 year later65 in 203064 in 2029Khris

64 in 203064 in 2030Khristy

Planning Age

87 in 205287 in 2052Khris

93 in 205993 in 2059Khristy

Goals

Needs

Decreased $3,038Decreased $40,000Decreased $1,500

$77,962$0

$38,500

$81,000$40,000$40,000

Retirement - Basic Living ExpenseBoth RetiredKhris Retired and Khristy EmployedKhristy Alone Retired


01/27/2017


Page 14 of 21



Wants

Decreased $938$1,562

At Khris's retirement2

End of Khris's plan

$2,500At Khris's retirement

2End of Khris's plan

TravelStartingYears between occurrencesEnding

Decreased $9,375$15,6252025

$25,0002025

Purchase BoatStarting

Wishes

$22,0002033

$22,0002033

WeddingStarting

Decreased 6%$2,118,995$2,260,000Total Spending for Life of Plan

Savings

$18,900$18,900Qualified

Increased $12,000$12,000$0Taxable

Increased $12,000$30,900$18,900Total Savings This Year


01/27/2017


Page 15 of 21



Portfolios

33% More StockTotal Return IICurrentAllocation Before Retirement

72%39%Percent Stock

9.18%8.31%Total Return

-26.07%-9.98%Worst One-Year Return since 1970

12.34%8.22%Standard Deviation

-33%-13%Great Recession Return 11/07 - 2/09

9%4%Bond Bear Market Return 7/79 - 2/80

33% More StockTotal Return IICurrentAllocation During Retirement

72%39%Percent Stock

9.18%8.31%Total Return

-26.07%-9.98%Worst One-Year Return since 1970

12.34%8.22%Standard Deviation

-33%-13%Great Recession Return 11/07 - 2/09

9%4%Bond Bear Market Return 7/79 - 2/80

4.07%4.07%Inflation

Investments

$150,292$150,292Total Investment Portfolio

Social Security

CurrentCurrentSocial Security Strategy

Khris

NormalNormalFiling Method

6767Age to File Application

6767Age Retirement Benefits Begin

$34,236$34,236First Year Benefit


01/27/2017


Page 16 of 21



Khristy

NormalNormalFiling Method

6767Age to File Application

6767Age Retirement Benefits Begin

$23,531$23,531First Year Benefit

What If Worksheet

01/27/2017


Page 17 of 21


This Worksheet allows you to analyze and compare the results of one or more scenarios that you created by varying the Plan assumptions.

Goals

Estimated % of Goal Funded

Current Scenario What If Scenario 1

Average Return Bad Timing Average Return Bad Timing

Needs 85% 79% 100% 100%

10 Retirement

Wants 0% 0% 100% 28%

7 Travel

7 Purchase Boat

Wishes 0% 0% 100% 0%

3 Wedding

$0

$0

Current dollars (in thousands) :

Future dollars (in thousands) :

$576

$3,200

Safety Margin (Value at End of Plan)

$0

$0

$0

$0

Your Confidence Zone: 70% - 90%

Likelihood of Funding All GoalsMonte Carlo Results

Total Spending : $2,260,000 $2,118,995

Indicates different data between the Scenario in the first column and the Scenario in any other column.

What If Worksheet

01/27/2017


Page 18 of 21


Key Assumptions Current Scenario What If Scenario 1

Stress Tests

Method(s) Bad Timing Program Estimate Years of bad returns: 2029: -3.42% 2030: -8.70%

Bad Timing Program Estimate Years of bad returns: 2030: -10.46% 2031: -15.90%

False 0

Funding Order

Assets - Ignore Earmarks No No False 1

Retirement Income - Ignore Earmarks No No False 1

Hypothetical Average Rate of Return

Before Retirement : Current Total Return II False 1

Total Return : 8.31% 9.18% False 1

Standard Deviation : 8.22% 12.34% False 1

Total Return Adjustment : 0.00% 0.00% False 1

Adjusted Real Return : 4.24% 5.11% False 1

After Retirement : Current Total Return II False 1

Total Return : 8.31% 9.18% False 1

Standard Deviation : 8.22% 12.34% False 1

Total Return Adjustment : 0.00% 0.00% False 1

Adjusted Real Return : 4.24% 5.11% False 1

Base inflation rate : 4.07% 4.07% False 1

Tax-Free Options

Before Retirement True 1

Reallocate a portion of bonds to tax-free: No No False 1

Percent of bond allocation to treat as tax-free: 0.00% 0.00% False 1

After Retirement True 1

Reallocate a portion of bonds to tax-free: No No False 1

Percent of bond allocation to treat as tax-free: 0.00% 0.00% False 1


What If Worksheet

01/27/2017


Page 19 of 21



Goals

Basic Living Expense True 1

Retirement Age True 1

Khris 64 65 False 1

Khristy 64 64 False 1

Planning Age True 1

Khris 87 87 False 1

Khristy 93 93 False 1

One Retired True 1

Khris Retired and Khristy Employed $40,000 $40,000 False 1

Khristy Retired and Khris Employed $0 $0 False 1

Both Retired True 1

Both Retired $81,000 $77,962 False 1

One Alone - Retired True 1

Khristy Alone Retired $40,000 $38,500 False 1

Khris Alone Retired $0 $0 False 1

One Alone - Employed True 1

Khris Alone Employed $0 $0 False 1

Khristy Alone Employed $0 $0 False 1

Travel True 1

Year : At Khris's retirement At Khris's retirement False 1

Cost : $2,500 $1,562 False 1

Is recurring : Yes Yes False 1

Years between occurrences : 2 2 False 1

This goal will end at End of Khris's plan. False 1

Purchase Boat True 1

Year : 2025 2025 False 1

Cost : $25,000 $15,625 False 1

Wedding True 1


What If Worksheet

01/27/2017


Page 20 of 21



Goals

Year : 2033 2033 False 1

Cost : $22,000 $22,000 False 1

Retirement Income

Social Security True 1

Select Social Security Strategy Current Current False 1

Khris True 1

Filing Method : Normal Normal False 1

Age to File Application : 67 67 False 1

Age Retirement Benefits begin : 67 67 False 1

First Year Benefit : $34,236 $34,236 False 1

Khristy True 1

Filing Method : Normal Normal False 1

Age to File Application : 67 67 False 1

Age Retirement Benefits begin : 67 67 False 1

First Year Benefit : $23,531 $23,531 False 1

Reduce Benefits By : 0% 0% False 1


What If Worksheet

01/27/2017


Page 21 of 21



Asset Additions

Khristy 401(k) 10.00% 10.00% True 1

Roth: 0.00% 0.00% False 1

Maximum contribution each year: No No False 1

% Designated as Roth: 0.00% 0.00% False 1

Plan addition amount: $8,400 $8,400 False 1

Year additions begin: 2017 2017 False 1

Khristy - Fund All Goals False 1

Khris 401(k) 10.00% 10.00% True 1

Roth: 0.00% 0.00% False 1

Maximum contribution each year: No No False 1

% Designated as Roth: 0.00% 0.00% False 1

Plan addition amount: $10,500 $10,500 False 1

Year additions begin: 2017 2017 False 1

Khris - Fund All Goals False 1

Extra Savings by Tax Category

Khris's Qualified $0 False 1

Khristy's Qualified $0 False 1

Khris's Roth $0 False 1

Khristy's Roth $0 False 1

Khris's Tax-Deferred $0 False 1

Khristy's Tax-Deferred $0 False 1

Taxable $12,000 False 1

Tax Options

Include Tax Penalties : Yes Yes False 1

Change Tax Rate? No No False 1

Year To Change : False 1

Change Tax Rate by this % (+ or -) : 0.00% 0.00% False 1


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