Will You Outlive Your

Retirement Income?

Everyone is Living Longer

0

10

20

30

40

50

60

70

80

90

100

0 500 1000 1500 2000 2500 3000 3500 4000

Year

1340 BC1400 AD

1800 AD

1900 AD

2000 AD

2040 AD

The YearLife

Expectancy IncreaseTut in 1340 BC 253000 years later 30 5 yrs400 years later 37 7 yrs100 years later 47 10 yrs100 years later 77 30 yrs40 years in the future ~ 90 23 yrs

Source: “The Exponent of Life Expectancy” by Nick Murray, Financial Advisor, March 2007.

Probability of a 65-year-old living to various ages

Source: Annuity 2000 Mortality Tables. ©2009 Morningstar, Inc. All rights reserved. 3/1/2009

0

25

50

75

100%

65 years old 70 75 80 85 90 95 100 105

• Male• Female• At least one spouse

78 86

85 91

91 96

81

88

93

The Year Was 1973

• US completes withdrawal from Vietnam

• OPEC hikes oil prices

• #1 Song – “You’re So Vain”• by Carly Simon

• #TV Show – All in the Family

• 1st Class Stamp - 8¢

• Average Gas Price - 35¢/gallon

$0

$20

$40

$60

$80

$100

$120

1970 1975 1980 1985 1990 1995 2000 2005 2010 2015

  1973 2013

Stamps $1.00 $5.75

Gas $1.00 $8.46

Fixed Income $1.00 $7.96

100% Simulated Equity (Stock)

Portfolio $1.00$101.1

4

Stamp and gas price sources - www.1970sflashback.com/1973/economy.asp, www.akdart.com/postrate.html and www.bls.gov/ro3/apmw.htm. 100% Simulated Equity (Stock) Portfolio performance is derived from both historical and simulated data and does not guarantee future results. Information from sources deemed reliable and current, but its accuracy cannot be guaranteed. See Sources and Descriptions of Data at the end of this booklet.

Inflation Affects Your Wealth

IMPORTANT: Data generated by Morningstar regarding the likelihood of various investment outcomes using the Ibbotson Wealth Forecasting Engine are hypothetical in nature, do not reflect actual investment results, and are not guarantees of future results. Results may vary over time and with each simulation. This is for illustrative purposes only and not indicative of any investment. An investment cannot be made directly in an index. ©2013 Morningstar, Inc. 3/1/2013

86%

32%

3%

0%

0%

97%

70%

25%

4%

0%

96%

79%

51%

26%

11%

93%

80%

61%

42%

26%

90%

77%

63%

49%

36%

4%

5%

6%

7%

8%

100%Bonds

75% B25% S

50% B50% S

25% B75% S

100%Stocks

Various withdrawal rates and portfolio allocations over a 25-year retirement

Less likely More likely

An

nu

al W

ith

dra

wal

Rat

eProbability of Meeting Your Retirement

Income Needs

Congratulations!

You’re on Your Way to a

Comfortable Retirement!

Any questions…..

Thanks for listening!