Charting Your Course to Retirement

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A modern nautical template design to explain the concept of a retirement plan.

Published in: Business, Economy & Finance
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Charting Your Course to Retirement

  1. 1. Charting your courseto retirementRandall& HUrley
  2. 2. PlanningYour route
  3. 3. YOUR PROVIDERSWORKING TOGETHERRANDALL& HURLEY| TPAINVESTMENT CO| CUSTODIAN SMART Co| INVESTMENT ADVISORABC COMPANY| SPONSOR
  4. 4. RetirementPlans46%Social Security36%Savings &Investments16%Other2%RetirementIncome sourcesPLANNINGYOUR ROUTE
  5. 5. Start saving &Stay the course
  6. 6. SAVE TAXESUse the table to see how it works. You canchoose to save taxes now or at retirementbased on how you choose to defer.Pre-TaxDeferralEqualContributionRoth DeferralEqualPay RothDeferralGross Annual Pay $30,000 $30,000 $30,000401(k) Contribution ($200/mo.) 2,400 2,400 2,040Taxable Income 27,600 30,000 30,000Federal Income Taxes (15%) 4,140 4,500 4,500FICA (7.65%) 2,295 2,295 2,295Net Take-Home Pay $21,165 $20,805 $21,165
  7. 7. HOW TO SAVE $100,000NumberofYearsMonthlySavingsRequired10 $57820 $19230 $8240 $38Illustrations assume a 7% annual return.Time Makes Saving Easier
  8. 8. WATCH IT GROW0204060801001201401601802000 10 20 30 40TotalAccountValue($1,000)YearsContribs EarningsIllustration assume a 7% annual return.The Miracle of Compound Interest
  9. 9. YOUR PLANHIGHLIGHTS
  10. 10. YOUR PLAN HIGHLIGHTSPlan Type: Cash Balance PlanTrustee: John SmithEffective Date: January 1, 2012Retirement Age: Age 62 (with 5 years of participation)Vesting Percent:0 - 2 years 0%3+ years 100%Investments: Held at Smart Co and directed by the TrusteeStatement Timing: Annually
  11. 11. Questions?

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