Producer prospectoverview sept 8 2012 with narration

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  • 1. Plan Wisely. Build Wealth. Retire Comfortably.™ Sample Client © PRS,LLC 2006-2012All Rights Reserved
  • 2. How Much Must Someone Accumulate for Retirement? After Tax Retirement Income Goal: $100,000 Age Cash Needed at Age 65: 40 $3,615,099 45 3,118,416 50 2,689,973 55 2,320,394 60 2,001,593 based on 5% net rate of return on invested capital;
  • 3. Your Retirement Objectives• To be prepared for retirement, you first need to establish your after tax income goal adjusted for inflation.• You also need to determine whether your retirement assets are sufficient to meet your goal.• If you are not on track, your next step is to look for a way to provide financial security in a tax efficient manner.
  • 4. Retirement Path Roadmap™ Objectives• There are a few principles integral to adopting the Retirement Path Roadmap™ strategy: – Safety of principal – Long term tax minimization – Liquidity – Funding flexibility – Long term investment focus – Compound interest benefits over time
  • 5. The Sample Case• Client DOB _______ 44• Client annual retirement income goal (after-tax): $ 75,000 ____________Tax-Qualified Retirement-Related Assets (Pension, SEPIRA, 401k)• Current value of all plan assets: $ 240,000 ___________• What was last year’s contribution: $ 25,000 ___________Non-Tax Qualified Retirement-Related Assets (Mutual funds, CDs, Annuities, etc.)• Current value of assets earmarked for retirement: $ 50,000 ____________• Comments:
  • 6. Retirement Path Roadmap™ Step 1:Projected Spend Down of Tax-Qualified Plan Assets Projected Distributions Projected Income Tax Obligations Projected After-Tax Income
  • 7. Retirement Path Roadmap™ Step 2:Projected Spend Down of Other Retirement Assets
  • 8. Your Projected Retirement Income Deficiency
  • 9. What We Need to Know (Retirement Path Roadmap™)• Client: ________________________________ State: ________• Client DOB _______ Client annual retirement income goal (after-tax): $ ____________Tax-Qualified Retirement-Related Assets (Pension, SEPIRA, 401k)• Current value of all plan assets: $ ___________• What was last year’s contribution: $ ___________Non-Tax Qualified Retirement-Related Assets (Mutual funds, CDs, Annuities, etc)• Current value of assets earmarked for retirement: $ ____________• Comments: