Most people will not have enough money during retirement and need to decide how they will generate additional monthly cash needed - do you go back to work or would you be interested in learning about other options?

1. HOW TO HAVE
ENOUGH
MONEY TO
RETIRE

2. DO YOU HAVE ENOUGH
FOR THE RETIREMENT
YOU WANT?
Time
Income
At retirement your
Income drops

3. The U.S. Retirement Crisis
Most people do not have enough for retirement!
12/23/13SOURCE:

4. The Prudential Ribbon Experiment
Most people only have enough to age 75
Prudential’s
Experiment found
that most people
won’t have
enough money.
Their money runs
out by age 75.
See it at https://www.youtube.com/watch?v=OGjYa6S2ZyY

5. Chances of Living to Any Age
Most will live well past age 75
50% of men live to 85 and women to 87

6. Top Retirement Concerns
Are having enough money

7. Retirement Savings
If you are at or near retirement
you are out of time to save enough for retirement
This is the amount you
need invested at 5% to
generate a monthly income

8. Retirement Income
From 401K and Social Security
$24,936 or $31,936
Both are under minimum living wage
SEE NEXT SLIDE!
RETIREMENT INCOME
50% of Americans have no 401K or IRA
SSN $ 2,078 $ 24,936
TOTAL ANNUAL INCOME $ 24,936
50% of Americans have a 401K or IRA
401K $ 140,000 At 5% = $ 7,000
SSN $ 2,078 $ 24,936
TOTAL ANNUAL INCOME $ 31,936

9. Monthly
Expenses
1 Adult 1 Adult, 1 Child
1 Adult,
2 Children
1 Adult,
3 Children
2 Adults 2 Adults, 1 Child
2 Adults,
2 Children
2 Adults,
3 Children
Food $242 $357 $536 $749 $444 $553 $713 $904
Child Care $0 $746 $1,104 $1,462 $0 $0 $0 $0
Medical $139 $399 $416 $398 $283 $387 $367 $375
Housing $748 $1,095 $1,095 $1,315 $896 $1,095 $1,095 $1,315
Transportation $262 $509 $587 $629 $509 $587 $629 $640
Other $82 $204 $258 $330 $140 $181 $204 $231
Required
monthly
income after
taxes
$1,473 $3,310 $3,996 $4,883 $2,272 $2,803 $3,008 $3,465
Required
annual income
after taxes
$17,676 $39,720 $47,952 $58,596 $27,264 $33,636 $36,096 $41,580
Annual taxes $3,296 $7,426 $8,965 $10,957 $5,089 $6,287 $6,747 $7,770
Required
annual
income before
taxes
$20,972 $47,146 $56,917 $69,553 $32,353 $39,923 $42,843 $49,350
Living Wage Calculation for Hartford County, Connecticut
SOURCE - http://livingwage.mit.edu/counties/09003

10. RETIREMENT INCOME OPTIONS
Job (Linear) vs Residual Income
What if you could generate the
monthly income you need
instead of going back to work?
THESE ARE YOUR ONLY TWO OPTIONS!

11. YOUR RETIREMENT

12. CONTACT US