Prepared For: Charles Cameron and Mary Johnson. Prepared by: Brian Kobel Oltis Software LLC

Transcription

1 Prepared For: Charles Cameron and Mary Johnson Prepared by: Brian Kobel Oltis Software LLC 4035 North St Tucson, AZ

2 Disclosures Disclosures This Investment Analysis Tool uses "Future Value of Money" and an elaborate cash flow model to represent the likely outcome given the variables provided by the user input. The tool makes no implicit or explicit recommendations to the performance of individual securities or otherwise favors specific asset classes or investment strategies. This investment analysis tool does not restrict or otherwise apply bias to the selection of investment options as it does not use specific investments as the basis for its results. All recommendations about specific allocations are the sole discretion of your advisor and are based on his/her knowledge of your financial situation and of your needs. All calculations of historical returns are based on the weighted average of the user-specified allocation in each account. Such historical averages are intended only as reference and should not be used to derive recommendations or imply reasonable expectations or future results. Historical returns are no indication of future performance. The historical data referred to in this tool is for the following asset classes: Returns as of 05/31/2013. Inflation: US Consumer Price Index (CPI). Cash: US Treasury Bill Auction Average 3 Month. Bonds: BarCap US Agg Bond TR USD Large Cap Stocks: Standard & Poor's 500 Total Return Index (w/gfd extension). Mid Cap Stocks: S&P MidCap 400 Stocks Total Return Index. Small Cap Stocks: S&P SmallCap 600 Stocks Total Return Index. International Stocks: MSCI World Ex USA Growth USD. Alts and Other: MSCI World USD. The tool operates on a yearly model assuming that contributions, returns, inflows, and expenses are processed at mid and/or end year (Contributions, Inflows, Expenses: Mid Year; Growth: Mid and EOY; Taxes: EOY). Projections are calculated using fixed or variable returns (as in the case of the Monte-Carlo simulations), for the time intervals specified by the user. Fixed rates are used to calculate the growth of assets and the increases in expenses and incomes. The projections made by the Monte Carlo simulations (if applicable) are based on the Cholesky Matrix. Results generated by the Monte Carlo analysis vary with each use and over time. The results provided by this analysis tool are based on mathematical principles that do not predict or project the performance of an investment or investment strategy. "IMPORTANT: The projections or other information generated by Finance Logix software regarding the likelihood of various investment outcomes are hypothetical in nature, do not reflect actual investment results and are not guarantees of future results."

3 Page 1 of 40 Cover Letter 07/31/2013 Mr. and Mrs. Johnson 1212 Riverview Ln Needles CA, Dear Charles Cameron and Mary, I have prepared this investment plan for you based on what you've told me about your finances and your investment goals. This report is designed to give you an overview of the basic aspects of your financial future. It will help you see your current financial situation clearly and evaluate how well your current investment plan will allow you to achieve your goals. You should carefully review the assumptions underlying this plan. While an exact prediction of your future is impossible, the historical returns of your asset mix can provide you with a framework for estimating future returns. Give careful consideration to the assumed rate of inflation since it too will have a powerful effect on the ability to meet your financial goals. Therefore, it is important that you keep track of your progress. Although some of the material in this report is directly based on current tax assumptions, understanding the tax laws requires professional assistance. The importance of professional tax and legal advice cannot be overstated. Since Finance Logix is not a legal or tax advisor, I strongly urge you to consult your own attorney or tax advisor. Please take the time to understand the many aspects of this plan, especially your financial goals and historical behavior of the asset mix I am recommending to you. My responsibility as your financial advisor is to answer your questions and concerns regarding this most important area of your life, so feel free to contact me to discuss any aspect of the plan. Sincerely, Brian Kobel

4 Page 2 of 40 Client Profile Interview - 1A Client Title First Name Last Name Date of Birth Retirement Age Life Expectancy Mr. Charles Cameron Johnson 12/16/ Home Phone Business Phone Fax (555) ( ) - Spouse Title First Name Last Name Date of Birth Retirement Age Life Expectancy Mrs. Mary Johnson 04/14/ Home Phone Business Phone Fax (555) Address Address City State Zip 1212 Riverview Ln Needles CA Children and Other Beneficiaries Name Category Date of Birth Ben Johnson Child/Stepchild 01/01/2004 Megan Johnson Child/Stepchild 03/17/2005 Sam Johnson Child/Stepchild 01/16/2004 Tax & Inflation Assumptions Federal Tax State Tax Capital Gains Tax Inflation Before Retirement N/A * 0.00% 15.00% 4.00% After Retirement N/A * 0.00% 15.00% 4.00% *Note: Plan based upon "Advanced Tax Mode" which uses tax brackets, exemptions, deduction schedules, etc. Current Income Interview - 2A Charles Cameron $50,000 $50,000 $50,000 $50,000 $50,000 $75,000 $75,000 $75,000 $75,000 $75, $75,000 $75,000 $75,000 $75,000 $75,000 $75,000 $75,000 $75,000 $75,000 Mary Annual Income $55,000 Annual Income Increase 2.00%

5 Page 3 of 40 Other Income Interview - 2B Income Name Owner Income Amount Start Age End Age Inflation Adjusted? PT Job Mary $ No Pension Income Interview - 2D Name Owner Amount Start Age Inflated after start age Pension Charles Cameron $25, Yes Pension Mary $19, Yes Pension Mary $12, No

6 Page 4 of 40 Social Security Optimization Inputs General Assumptions Benefits will increase at a rate of 0.00%. Claiming status is Married. Spouse Date of Birth is 04/14/1972 Claim Age Charles Cameron's claim age is 67. Mary's claim age is 67. Benefit Amount Charles Cameron's benefit amount is $21,264. Mary's benefit amount is $22,872. Comparisons Optimized Specified Override

7 Page 5 of 40 Selected Strategy What's at stake is $60,916 between the Optimized and Specified strategies. The selected strategy is Optimized Recommended Claim Instructions Mary File a standard application for benefits at your age 67 years 8 months. This will allow your spouse to collect a spousal benefit under your earnings record. Immediately request that benefits be suspended. This will allow you to claim delayed retirement credits during the time your benefit is suspended. At age 70 years, request that your benefit be paid. Your approximate monthly benefit would be: $2,363. Charles Cameron File a Restricted application for only your spousal benefit based on your spouse's earnings record at your age 67 years. This allows you to continue to earn delayed retirement credits on your own benefit. Your approximate spousal benefit would be $953. File for your own benefit at age 70 years. Your approximate benefit on your own earnings record would be $2,197. Disclosures This report is intended as a diagnostic tool to suggest potential election options that may be beneficial. The election options considered may not be exhaustive. While substantial effort has been taken to ensure the accuracy of all calculations, we provide no guarantees. Further, this report can not anticipate future changes to the Social Security System, formulae, or claiming rules. This report specifically excludes the following situations: 1. This report does not account for prior disability years. If you have years in which you received Social Security Disability benefits, the result will be inaccurate. 2. This report assumes you will not elect benefits while you are still working. It does not apply the earnings test to determine whether your benefit will be reduced due to income above the earned income limits. If you plan to continue to work between age 62 and Full Retirement Age for your birth year, check to be sure your earnings will be below the earnings limit, or your benefit will be reduced. 3. This report does not incorporate children s benefits, dependent parent s benefits, or the family maximum calculation. 4. This report assumes that the surviving spouse will begin receiving the higher of his or her own benefit, or the deceased spouse s benefit at full retirement age or immediately after the first death. 5. This report does not treat Railroad or Military earnings separately. Workers who have 10+ years of Railroad earnings, or certain military service may experience inaccurate results. 6. We assume Fully Insured status. If you have not reached fully insured status for retirement benefits, the results will be inaccurate. Election options also must be coordinated with your other retirement planning. The contents of this report when judged in the context of your overall financial plan may not be optimal for your circumstances, as it may cause unacceptable trade-offs with your other investment assets. Please seek the advice of your own tax, financial, and legal advisors before implementing any strategies contained in this report. Tax Advantaged Savings Interview - 3

8 Page 6 of 40 My Deferred Annuity - Deferred Annuity Institution Owner Mary Contribution Start Age 41 Beneficiary Charles Cameron / Ben Johnson Contribution End Age 58 Current Balance $38,606 Contribution After Taxes $2,205 Cost Basis $0 Rate of Return 5.00% Cash: 12.95% Fixed: 12.39% Large Cap: 0.69% Mid Cap: 24.95% Small Cap: 3.25% International: 19.20% Alts and Other: 26.57% Unclassified: 0.00% My 401(k) - 401(K) Institution Owner Charles Cameron Contribution Start Age 40 Beneficiary Mary / Ben Johnson Contribution End Age 66 Current Balance $104,974 Contribution After Taxes $0 Cost Basis $0 Contribution Before Taxes $0 Rate of Return 6.30% Contribution Catch Up $0 Cash: 0.00% Fixed: 60.51% Large Cap: 13.83% Mid Cap: 2.51% Small Cap: 2.20% International: 16.19% Alts and Other: 4.76% Unclassified: 0.00% My 401(k) - 401(K) Institution Owner Mary Contribution Start Age 41 Beneficiary Charles Cameron / Ben Johnson Contribution End Age 58 Current Balance $118,411 Contribution After Taxes $0 Cost Basis $0 Contribution Before Taxes $0 Rate of Return 6.50% Contribution Catch Up $0 Cash: 7.23% Fixed: 0.00% Large Cap: 0.00% Mid Cap: 39.95% Small Cap: 0.00% International: 52.82% Alts and Other: 0.00% Unclassified: 0.00% My Roth IRA - Roth IRA Institution Owner Charles Cameron Contribution Start Age 40 Beneficiary Mary / Ben Johnson Contribution End Age 66 Current Balance $22,515 Contribution After Taxes $0 Cost Basis $22,515 Rate of Return 7.00% Cash: 13.32% Fixed: 1.04% Large Cap: 29.30% Mid Cap: 37.84% Small Cap: 5.59% International: 12.90% Alts and Other: 0.00% Unclassified: 0.00% My Roth IRA - Roth IRA Institution Owner Mary Contribution Start Age 41 Beneficiary Charles Cameron / Ben Johnson Contribution End Age 58 Current Balance $49,988 Contribution After Taxes $0 Cost Basis $49,988 Rate of Return 7.00% Cash: 13.68% Fixed: 17.92% Large Cap: 3.09% Mid Cap: 2.47% Small Cap: 0.00% International: 62.84% Alts and Other: 0.00% Unclassified: 0.00% Stock Option

9 Page 7 of 40 My Stock Options Institution Current Value $5,000 Owner Charles Cameron Beneficiary Mary / Ben Johnson Unrealized Gains $200 Rate of Return 7.00% Capital Gain Rate 5.00% Options 0 Shares Granted 600 Exercise Price $300 Years Held 5 Split Adjusted Shares 5 Current Price Per Share $150 My Simple IRA - Simple IRA Institution Owner Charles Cameron Contribution Start Age 40 Beneficiary Mary / Ben Johnson Contribution End Age 66 Current Balance $7,000 Contribution Before Taxes $0 Rate of Return 7.00% Contribution Catch Up $0 Cash: % Fixed: 0.00% Large Cap: 0.00% Mid Cap: 0.00% Small Cap: 0.00% International: 0.00% Alts and Other: 0.00% Unclassified: 0.00% My Simple IRA - Simple IRA Institution Owner Mary Contribution Start Age 41 Beneficiary Charles Cameron / Ben Johnson Contribution End Age 58 Current Balance $29,533 Contribution Before Taxes $0 Rate of Return 7.00% Contribution Catch Up $0 Cash: 50.79% Fixed: 23.55% Large Cap: 0.42% Mid Cap: 0.00% Small Cap: 25.25% International: 0.00% Alts and Other: 0.00% Unclassified: 0.00% Taxable Savings Interview - 3 Savings Account - Savings Institution Owner Charles Cameron Contribution Start Age 40 Beneficiary Mary / Mixed Contribution End Age 66 Current Balance $15,000 Contribution After Taxes $0 Cost Basis $15,000 Rate of Return 8.52% Cash: 66.67% Fixed: 0.00% Large Cap: 0.00% Mid Cap: 33.33% Small Cap: 0.00% International: 0.00% Alts and Other: 0.00% Unclassified: 0.00% My Savings - Savings Institution Owner Joint Contribution Start Age 40 Beneficiary Mary / Ben Johnson Contribution End Age 67 Current Balance $15,000 Contribution After Taxes $0 Cost Basis $15,000 Rate of Return 0.00% Cash: % Fixed: 0.00% Large Cap: 0.00% Mid Cap: 0.00% Small Cap: 0.00% International: 0.00% Alts and Other: 0.00% Unclassified: 0.00%

10 Page 8 of 40 My Savings - Savings Institution Owner Joint Contribution Start Age 40 Beneficiary Mary / Ben Johnson Contribution End Age 67 Current Balance $50,000 Contribution After Taxes $0 Cost Basis $50,000 Rate of Return 2.00% Cash: % Fixed: 0.00% Large Cap: 0.00% Mid Cap: 0.00% Small Cap: 0.00% International: 0.00% Alts and Other: 0.00% Unclassified: 0.00% Savings Account - Savings Institution Owner Mary Contribution Start Age 41 Beneficiary Charles Cameron / Mixed Contribution End Age 58 Current Balance $20,000 Contribution After Taxes $828 Cost Basis $20,000 Rate of Return 2.00% Cash: 0.00% Fixed: 0.00% Large Cap: 0.00% Mid Cap: 0.00% Small Cap: 0.00% International: 0.00% Alts and Other: 0.00% Unclassified: % My Money Market - Money Market Institution Owner Charles Cameron Contribution Start Age 40 Beneficiary Mary / Ben Johnson Contribution End Age 66 Current Balance $505,231 Contribution After Taxes $0 Cost Basis $505,231 Rate of Return 5.92% Cash: 98.96% Fixed: 0.00% Large Cap: 1.04% Mid Cap: 0.00% Small Cap: 0.00% International: 0.00% Alts and Other: 0.00% Unclassified: 0.00% My Brokerage - Brokerage Institution Owner Charles Cameron Contribution Start Age 40 Beneficiary Mary / Ben Johnson Contribution End Age 66 Current Balance $10,000 Contribution After Taxes $0 Cost Basis $10,000 Cap Gains 5.50% Rate of Return 0.00% Years Held 0 Cash: 0.00% Fixed: 0.00% Large Cap: 0.00% Mid Cap: 0.00% Small Cap: % International: 0.00% Alts and Other: 0.00% Unclassified: 0.00% Other Assets Interview - 3 Real Estate My Real Estate Institution Owner Charles Cameron Beneficiary Mary / Ben Johnson Current Value $300,000 Appreciate By 0.00% Liablity Start Year 2013 Total Liability $100,000 Interest Rate 4.00% Payment Amount $1,100 Payoff on First Death No Payment Frequency Monthly

11 Page 9 of 40 Residence My Residence Institution Owner Joint Beneficiary Mary / Mixed Current Value $400,000 Appreciate By 0.00% Liablity Start Year 2013 Total Liability $275,000 Interest Rate 5.00% Payment Amount $3,000 Payoff on First Death No Payment Frequency Monthly Vehicles My Vehicle Institution Owner Charles Cameron Beneficiary Mary / Ben Johnson Current Value $23,000 Appreciate By 0.00% Liablity Start Year 2013 Total Liability $7,000 Interest Rate 5.00% Payment Amount $350 Payoff on First Death No Payment Frequency Monthly Living Expenses Interview - 4A Retirement Income Goal 80.00% (of Salary) Current Annual Expenses $55,000 Will decrease at retirement by 4.31% Annual Retirement Expenses $52,632 (in Today's $) Note: Personal Insurance Premiums, Liability Payments, and Mortgages are already counted for and are not shown as a part of the living expenses Survivor Ratio 66.67% Capital Preservation $0 Expenses Now Frequency Expenses in Retirement % of Current in Todays $ Housing Cost $0 Annually will be $0 Food $200 Monthly will increase by 10.00% $220 Clothing $0 Annually will be $0 Medical $0 Annually will be $0 Insurance $0 Annually will be $0 Utilities $0 Annually will be $0 Transportation $0 Annually will be $0 Entertainment $0 Annually will be $0 Gas $0 Annually will be $0 Repairs $0 Annually will be $25,000

12 Page 10 of 40 Other Goals Goal Priority Name Owner Expense Amount Start Age End Age Inflation Adjusted? 1 Golf Charles Cameron $16, Yes 1 boat Charles Cameron $33, Yes 5 New Bathroom Charles Cameron $16, No 1 Time Share Charles Cameron $100, No 1 Oxygen Charles Cameron $ No 1 Europe Mary $50, Yes

13 Page 11 of 40 Summary of retirement savings Based on the assumptions entered into the retirement planner, you need $1,432,683 in personal savings to achieve your goals. Based on the historical performance of your chosen asset allocation, as well as your current and expected incomes and expenses, it would seem your plans is in a Surplus. Remember, investment returns and income rates do change over time. Be sure to review your situation regularly and keep in touch with your financial advisor. What you need to save until retirement $1,432,683 What you will save until retirement $2,850,437 Savings shortfall $0 What you need to contribute per year $0 What you will contribute per year $8,391 Contribution Shortfall $0 The bar charts above illustrate what you are currently saving based on the current assumptions set against the predicted savings needs. The total savings need and contributions needs, are numbers calculated using a rate of return that is based on the weighted average of your accounts today.

14 Page 12 of 40 Retirement Income This retirement income graph shows your stated retirement income goal from the age you plan on retiring at through the end of retirement. It also shows how your retirement benefits and savings will be used to meet your income goal. Achievable Goal Income Goal Other Income Earned Income Pension Benefits Social Security Savings Withdrawals Loan Shortfall

15 Page 13 of 40 Retirement Income Year / Age 2030 / 57 (R2) 2031 / / / / / / / 64 Income Goal $235,972 $143,320 $254,396 $155,015 $161,216 $167,665 $174,371 $181,346 Achievable Goal $248,605 $174,798 $286,697 $188,131 $195,175 $202,501 $210,120 $217,816 Other Income $63,607 $63,694 $66,179 $65,875 $65,570 $65,266 $64,963 $64,660 Earned Income $67,405 $50,284 $0 $0 $0 $0 $0 $0 Pension Benefits $56,253 $58,582 $63,302 $65,532 $67,839 $70,225 $72,695 $75,250 Social Security $0 $0 $0 $0 $0 $0 $0 $0 Saving Withdrawals $76,068 $15,810 $168,523 $66,819 $71,401 $76,081 $80,861 $85,515 Loan $0 $0 $0 $0 $0 $0 $0 $0 Year / Age 2038 / / 66 (R1) 2040 / / / / / / 72 Income Goal $188,600 $290,025 $298,212 $259,370 $269,745 $280,534 $291,756 $303,426 Achievable Goal $225,810 $328,005 $375,515 $350,119 $363,743 $375,750 $365,192 $378,359 Other Income $64,358 $64,058 $63,773 $63,843 $63,915 $64,505 $64,486 $64,177 Earned Income $0 $0 $0 $0 $0 $0 $0 $0 Pension Benefits $77,894 $80,632 $83,484 $86,919 $90,498 $94,987 $98,758 $102,215 Social Security $0 $0 $687 $8,248 $8,255 $24,685 $39,781 $39,629 Saving Withdrawals $90,253 $188,200 $245,749 $239,869 $271,275 $266,576 $240,078 $186,060 Loan $0 $0 $0 $0 $0 $0 $0 $0 Year / Age 2046 / / / / / / / / 80 Income Goal $315,563 $328,186 $341,313 $354,966 $369,164 $383,931 $399,288 $252,687 Achievable Goal $392,065 $408,995 $439,423 $459,977 $463,521 $469,589 $492,796 $353,032 Other Income $63,857 $63,540 $63,226 $62,879 $62,502 $65,405 $65,037 $64,678 Earned Income $0 $0 $0 $0 $0 $0 $0 $0 Pension Benefits $105,774 $109,458 $113,274 $117,158 $121,115 $125,219 $129,496 $133,932 Social Security $39,472 $39,317 $39,163 $38,993 $38,809 $38,629 $38,458 $38,291 Saving Withdrawals $197,538 $216,710 $281,476 $323,330 $350,432 $276,244 $286,906 $159,457 Loan $0 $0 $0 $0 $0 $0 $0 $0

16 Page 14 of 40 Year / Age 2054 / / / / 84 (D2) 2058 / 85 (D1) Income Goal $262,795 $273,307 $284,239 $310,608 $224,965 Achievable Goal $366,701 $380,503 $395,669 $405,408 $277,133 Other Income $64,328 $63,962 $63,587 $481,698 $53,249 Earned Income $0 $0 $0 $0 $0 Pension Benefits $138,535 $143,256 $148,113 $161,046 $43,177 Social Security $38,128 $37,958 $37,783 $37,612 $19,636 Saving Withdrawals $175,898 $188,655 $201,198 $121,175 $170,566 Loan $0 $0 $0 $81,520 $0 R1 - Charles Cameron retires R2 - Mary retires D1 - Charles Cameron dies D2 - Mary dies

17 Page 15 of 40 Retirement Savings (Income Goal) The chart below is a breakdown of your savings for each year, before and in retirement. The graph indicates the assumed savings and the depreciation of account values each year as withdrawals are made. Taxable Savings Taxable Investments IRA Roth IRA Deferred Annuities 401(k) Plan Deferred Comp. Municipal Bonds Stock Options Shortfall The calculations regarding this graph assume: Each year during retirement, withdrawals are made to meet the retirement income goal specified by the client. Unless Custom Withdrawal order is specified, withdrawals will first be taken from Taxable Savings/Investments so that your Tax- Advantaged Savings/Investments can continue to grow tax-deferred.

18 Page 16 of 40 Retirement Savings (Income Goal) Year / Age 2013 / / / / / / / / 47 IRA $36,533 $39,090 $41,827 $44,755 $47,887 $41,422 $44,321 $47,424 Roth IRA $72,503 $77,578 $83,009 $86,306 $73,822 $70,111 $75,019 $80,270 Deferred Annuities $38,606 $43,345 $48,321 $53,546 $59,032 $64,792 $70,841 $77, (k) Plan $223,385 $237,695 $252,922 $269,125 $286,366 $304,711 $324,233 $345,005 Cash $10,000 $10,000 $10,000 $10,000 $10,000 $10,000 $10,000 $10,000 Stock Options $5,000 $5,684 $6,460 $7,341 $8,340 $9,473 $10,757 $12,214 Savings $605,231 $624,983 $644,472 $668,437 $705,041 $737,575 $749,176 $778,284 Year / Age 2021 / / / / / / / / 55 IRA $50,743 $54,295 $58,096 $62,163 $66,514 $71,170 $76,152 $81,482 Roth IRA $85,889 $91,901 $98,334 $105,217 $112,583 $120,463 $128,896 $137,918 Deferred Annuities $83,860 $90,862 $98,214 $153,934 $164,440 $175,470 $187,053 $239, (k) Plan $367,108 $390,628 $415,655 $442,286 $470,623 $500,777 $532,863 $567,005 Cash $10,000 $10,000 $10,000 $10,000 $10,000 $10,000 $10,000 $10,000 Stock Options $13,865 $15,945 $17,859 $20,002 $22,402 $25,090 $28,101 $31,473 Savings $807,710 $816,737 $813,225 $843,755 $809,199 $830,509 $760,997 $789,021 Year / Age 2029 / / 57 (R2) 2031 / / / / / / 63 IRA $87,186 $93,289 $99,820 $106,807 $114,283 $122,283 $130,843 $140,002 Roth IRA $147,573 $157,903 $168,956 $180,783 $193,438 $206,978 $221,467 $236,970 Deferred Annuities $253,846 $321,127 $339,993 $356,992 $374,842 $393,584 $413,263 $433, (k) Plan $603,335 $641,994 $683,131 $726,903 $773,482 $823,046 $875,786 $931,907 Cash $10,000 $10,000 $10,000 $10,000 $10,000 $10,000 $10,000 $10,000 Stock Options $35,250 $39,480 $44,217 $49,523 $55,466 $62,122 $69,577 $77,926 Savings $797,454 $825,747 $793,993 $844,458 $741,019 $736,399 $727,150 $712,892 Year / Age 2037 / / / 66 (R1) 2040 / / / / / 71 IRA $149,802 $160,288 $171,509 $183,514 $196,360 $210,105 $216,881 $223,597 Roth IRA $253,557 $271,307 $290,298 $310,619 $332,362 $355,627 $380,521 $407,158 Deferred Annuities $455,623 $478,404 $502,324 $527,440 $553,812 $581,503 $610,578 $641, (k) Plan $991,626 $1,055,171 $1,122,791 $1,194,744 $1,271,310 $1,352,783 $1,411,781 $1,440,854 Cash $10,000 $10,000 $10,000 $10,000 $10,000 $10,000 $10,000 $10,000 Stock Options $87,277 $97,750 $109,480 $122,618 $137,332 $153,812 $172,270 $192,942 Savings $693,224 $667,718 $635,922 $501,501 $356,103 $254,779 $166,458 $107,379

19 Page 17 of 40 Year / Age 2045 / / / / / / / / 79 IRA $230,214 $236,688 $242,969 $249,001 $254,724 $260,126 $69,566 $0 Roth IRA $435,659 $466,155 $498,786 $533,701 $571,060 $611,034 $653,807 $558,225 Deferred Annuities $673,162 $706,820 $742,161 $779,269 $818,233 $859,144 $896,978 $936, (k) Plan $1,391,464 $1,316,635 $1,221,758 $1,105,742 $961,600 $782,904 $770,095 $779,498 Cash $10,000 $10,000 $10,000 $10,000 $10,000 $10,000 $10,000 $10,000 Stock Options $216,095 $242,026 $271,069 $303,598 $340,030 $380,833 $426,533 $477,717 Savings $109,227 $111,112 $113,034 $114,994 $116,994 $119,034 $121,115 $123,237 Year / Age 2053 / / / / / 84 (D2) 2058 / 85 (D1) IRA $0 $0 $0 $0 $0 $0 Roth IRA $422,974 $433,171 $436,852 $433,438 $422,015 $394,519 Deferred Annuities $978,415 $1,022,212 $1,068,200 $1,116,486 $1,167,187 $1,220, (k) Plan $787,392 $793,586 $797,872 $800,031 $799,829 $797,016 Cash $10,000 $10,000 $10,000 $10,000 $10,000 $10,000 Stock Options $535,043 $599,248 $671,158 $751,697 $841,901 $942,929 Savings $125,402 $127,610 $129,862 $132,159 $134,503 $595,225 R1 - Charles Cameron retires R2 - Mary retires D1 - Charles Cameron dies D2 - Mary dies

20 Page 18 of 40 Retirement Savings (Achievable Goal) The chart below is a breakdown of your savings for each year, before and in retirement. The graph indicates the assumed savings and the depreciation of account values each year as withdrawals are made. Taxable Savings Taxable Investments Deferred Annuities IRA Roth IRA Deferred Annuities 401(k) Plan Deferred Comp. Municipal Bonds Stock Options Shortfall The calculations regarding this graph assume: Each year during retirement, withdrawals are made to meet the retirement income goal specified by the client. Unless Custom Withdrawal order is specified, withdrawals will first be taken from Taxable Savings/Investments so that your Tax- Advantaged Savings/Investments can continue to grow tax-deferred.

21 Page 19 of 40 Retirement Savings (Achievable Goal) Year / Age 2013 / / / / / / / / 47 IRA $36,533 $39,090 $41,827 $44,755 $47,887 $41,422 $44,321 $47,424 Roth IRA $72,503 $77,578 $83,009 $86,306 $73,822 $70,111 $75,019 $80,270 Deferred Annuities $38,606 $43,345 $48,321 $53,546 $59,032 $64,792 $70,841 $77, (k) Plan $223,385 $237,695 $252,922 $269,125 $286,366 $304,711 $324,233 $345,005 Cash $10,000 $10,000 $10,000 $10,000 $10,000 $10,000 $10,000 $10,000 Stock Options $5,000 $5,684 $6,460 $7,341 $8,340 $9,473 $10,757 $12,214 Savings $605,231 $624,983 $644,472 $668,437 $705,041 $737,575 $749,176 $778,284 Year / Age 2021 / / / / / / / / 55 IRA $50,743 $54,295 $58,096 $62,163 $66,514 $71,170 $76,152 $81,482 Roth IRA $85,889 $91,901 $98,334 $105,217 $112,583 $120,463 $128,896 $137,918 Deferred Annuities $83,860 $90,862 $98,214 $153,934 $164,440 $175,470 $187,053 $239, (k) Plan $367,108 $390,628 $415,655 $442,286 $470,623 $500,777 $532,863 $567,005 Cash $10,000 $10,000 $10,000 $10,000 $10,000 $10,000 $10,000 $10,000 Stock Options $13,865 $15,945 $17,859 $20,002 $22,402 $25,090 $28,101 $31,473 Savings $807,710 $816,737 $813,225 $843,755 $809,199 $830,509 $760,997 $789,021 Year / Age 2029 / / 57 (R2) 2031 / / / / / / 63 IRA $87,186 $93,289 $99,820 $106,807 $114,283 $122,283 $130,843 $140,002 Roth IRA $147,573 $157,903 $168,956 $180,783 $193,438 $206,978 $221,467 $236,970 Deferred Annuities $253,846 $321,127 $339,993 $356,992 $374,842 $393,584 $413,263 $433, (k) Plan $603,335 $641,994 $683,131 $726,903 $773,482 $823,046 $875,786 $931,907 Cash $10,000 $10,000 $10,000 $10,000 $10,000 $10,000 $10,000 $10,000 Stock Options $35,250 $39,480 $44,217 $49,523 $55,466 $62,122 $69,577 $77,926 Savings $797,454 $825,747 $793,993 $821,985 $694,344 $663,726 $626,508 $582,193 Year / Age 2037 / / / 66 (R1) 2040 / / / / / 71 IRA $149,802 $160,288 $171,509 $183,514 $196,360 $210,105 $216,881 $113,226 Roth IRA $253,557 $271,307 $290,298 $310,619 $332,362 $355,627 $380,521 $407,158 Deferred Annuities $455,623 $478,404 $502,324 $527,440 $553,812 $581,503 $610,578 $641, (k) Plan $991,626 $1,055,171 $1,122,791 $1,194,744 $1,155,353 $984,230 $777,550 $672,916 Cash $10,000 $10,000 $10,000 $10,000 $10,000 $10,000 $10,000 $10,000 Stock Options $87,277 $97,750 $109,480 $122,618 $137,332 $153,812 $172,270 $192,942 Savings $530,256 $470,370 $401,972 $228,604 $102,051 $103,792 $105,568 $107,379

22 Page 20 of 40 Year / Age 2045 / / / / / / / / 79 IRA $0 $0 $0 $0 $0 $0 $0 $0 Roth IRA $336,751 $196,339 $35,902 $0 $0 $0 $0 $0 Deferred Annuities $673,162 $706,820 $742,161 $743,872 $527,508 $259,723 $0 $0 401(k) Plan $689,129 $704,790 $719,773 $733,938 $747,132 $759,187 $770,095 $779,498 Cash $10,000 $10,000 $10,000 $10,000 $10,000 $10,000 $10,000 $10,000 Stock Options $216,095 $242,026 $271,069 $303,598 $340,030 $380,833 $379,383 $173,809 Savings $109,227 $111,112 $113,034 $0 $0 $0 $0 $0 Year / Age 2053 / / / / / 84 (D2) 2058 / 85 (D1) IRA $0 $0 $0 $0 $0 $0 Roth IRA $0 $0 $0 $0 $0 $0 Deferred Annuities $0 $0 $0 $0 $0 $0 401(k) Plan $733,537 $616,335 $474,965 $311,692 $125,375 $0 Cash $0 $0 $0 $0 $0 $0 Stock Options $0 $0 $0 $0 $0 $0 Savings $0 $0 $0 $0 $0 $410,480 R1 - Charles Cameron retires R2 - Mary retires D1 - Charles Cameron dies D2 - Mary dies

23 Page 21 of 40 Monte Carlo Simulation Achievable Goal Minimum Maximum Median Chances to run out of money: 0.00% Chances to reach your target: % Projected balance with fixed return: $2,490,161 In this chart the Fixed Return line represents the projected total savings assuming no variation in the returns specified on each account. The Low, Median, and High Return lines represent respectively the 25, 50, and 75 percentile outcomes of the Monte Carlo simulation, which randomize the returns for each year in the plan for each account. Real life involves many factors that could affect the outcome of your savings plan. In order to help analyze the impact of varying returns on your total savings, the software looks at your entire plan (spending, incomes, gifting, goals, pre tax and after-tax contributions) and employs the Monte Carlo model to simulate the unstable nature of the financial markets. The results shown in the chart above are based on random scenarios. In each scenario the engine steps through every year in the plan and adjusts the rate of return of each account based on the historical performance of the individual account s asset mix. By maintaining a separation between accounts during the projections we are able to show a more realistic simulation of market volatility vs. asset depletion. After all simulations are performed, the system evaluates the results as they pertain to your financial goals, and it calculates the probability of success versus failure. According to the simulation for your retirement savings plan, there is a % chance that you will have enough money to last throughout retirement. Discuss with your advisor all of the factors that could decrease your chance of achieving your retirement goals. Note: If you have capital preservation, Monte Carlo percentages may not equal 100%.

24 Page 22 of 40 Retirement Analysis What you have told us so far Based on the information provided by you in the fact finder and during the interview process, the following is a summary of your current situation: Your current combined income is $105,000 /yr You are currently making contributions of $2,205 to various retirement accounts and of $18,828 to taxable accounts. The average combined rate of return of all your investment accounts is 5.81% of which 0.08% is in long term capital appreciation and 5.73% is in dividends. Since the plan is using the advanced tax mode, we cannot compute a tax equivalent rate, as the tax rate will change every year in the plan according to the incomes specified. You expect to retire on 80.00% of your current earned income. All your living expenses and income goals will be inflated by 4.00% per year. Summary of results Based on the information listed above, we estimate that your current savings strategy is sufficient to achieve your retirement goal with a % confidence rate (based on the Monte Carlo simulation). As a result of your hard work the following alternatives may be of interest to you: 1. You specified a desired income goal of 80.00% of your current earned income, but you may be interested in knowing that you can increase that goal to % 2. You could reallocate your accounts to reduce the amount of risk in your portfolio. 3. Perhaps you and Mary may be interested in retiring a bit early. You may consider any combination of these options, and we will be happy to show you the impact of your choices on your retirement plan.

25 Page 23 of 40 Net Worth Statement - Summary Charles Cameron Mary Joint Total Assets Investment Accounts Savings Account $15,000 $15,000 My Savings $15,000 $15,000 My Money Market $505,231 $505,231 My Savings $50,000 $50,000 My Brokerage $10,000 $10,000 Savings Account $20,000 $20,000 Total Investment Accounts $530,231 $20,000 $65,000 $615,231 Retirement Accounts My 401(k) $104,974 $104,974 My Simple IRA $7,000 $7,000 My Roth IRA $22,515 $22,515 My Stock Options $5,000 $5,000 My 401(k) $118,411 $118,411 My Simple IRA $29,533 $29,533 My Roth IRA $49,988 $49,988 My Deferred Annuity $38,606 $38,606 Total Retirement Accounts $139,489 $236,538 $376,027 Other Assets My Residence $400,000 $400,000 My Real Estate $300,000 $300,000 My Vehicle $23,000 $23,000 Total Other Assets $323,000 $400,000 $723,000 Insurance Cash Values Total Insurance Cash Values $0 Total Assets $992,720 $256,538 $465,000 $1,714,258 Liabilities Mortgages and Loans My Residence $275,000 $275,000 My Real Estate $100,000 $100,000 My Vehicle $7,000 $7,000 Total Mortgages and Loans $107,000 $275,000 $382,000 Consumer Debt My Credit Card $12,000 $12,000 Total Consumer Debt $12,000 $12,000 Total Liabilities $119,000 $275,000 $394,000 Total Net Worth $873,720 $256,538 $190,000 $1,320,258

26 Page 24 of 40 Net Worth Statement - Detail Charles Cameron Mary Joint Total Assets Investment Accounts Savings Account Stock $5,000 $5,000 Bond $10,000 $10,000 $15,000 $15,000 My Savings Unclassified Balance $15,000 $15,000 $15,000 $15,000 My Money Market Yahoo! Inc $5,231 $5,231 American Funds Interm Bd Fd of Amer 529A $250,000 $250,000 American Funds AMCAP 529C $250,000 $250,000 $505,231 $505,231 My Savings Unclassified Balance $50,000 $50,000 $50,000 $50,000 My Brokerage Attitude Drinks, Inc. $10,000 $10,000 $10,000 $10,000 Savings Account Unclassified Balance $20,000 $20,000 $20,000 $20,000 Total Investment Accounts $530,231 $20,000 $65,000 $615,231 Retirement Accounts My 401(k) Unclassified Balance $17,000 $17,000 Appleton Group Plus $5,000 $5,000 $63,517 $63,517 $6,000 $6,000 $2,632 $2,632 $2,305 $2,305 AT&T Inc $8,520 $8,520 $104,974 $104,974 My Simple IRA Unclassified Balance $7,000 $7,000 $7,000 $7,000 My Roth IRA Unclassified Balance $2,654 $2,654 $235 $235 $6,598 $6,598 $8,520 $8,520 $1,258 $1,258 $250 $250 $3,000 $3,000 $22,515 $22,515 My Stock Options Cash $5,000 $5,000

27 Page 25 of 40 Charles Cameron Mary Joint Total $5,000 $5,000 My 401(k) Unclassified Balance $47,300 $47,300 $8,564 $8,564 $62,547 $62,547 $118,411 $118,411 My Simple IRA Unclassified Balance $15,000 $15,000 $6,954 $6,954 $123 $123 $7,456 $7,456 $29,533 $29,533 My Roth IRA Unclassified Balance $24,000 $24,000 $8,956 $8,956 $1,547 $1,547 $6,589 $6,589 $1,236 $1,236 $7,410 $7,410 $250 $250 $49,988 $49,988 My Deferred Annuity Unclassified Balance $5,000 $5,000 $4,785 $4,785 $265 $265 $9,632 $9,632 $1,256 $1,256 $7,412 $7,412 $10,256 $10,256 $38,606 $38,606 Total Retirement Accounts $139,489 $236,538 $376,027 Other Assets My Residence $400,000 $400,000 My Real Estate $300,000 $300,000 My Vehicle $23,000 $23,000 Total Other Assets $323,000 $400,000 $723,000 Total Assets $992,720 $256,538 $465,000 $1,714,258 Liabilities Mortgages and Loans My Residence $275,000 $275,000 My Real Estate $100,000 $100,000 My Vehicle $7,000 $7,000 Total Mortgages and Loans $107,000 $275,000 $382,000 Consumer Debt My Credit Card $12,000 $12,000 Total Consumer Debt $12,000 $12,000 Total Liabilities $119,000 $275,000 $394,000 Total Net Worth $873,720 $256,538 $190,000 $1,320,258

28 Page 26 of 40 Detail Cash Flow Inflows Inflow Name Pre-tax? Generic Incomes $134,250 $136,520 $138,858 $141,268 $143,752 Charles Cameron's Salary yes $50,000 $50,000 $50,000 $50,000 $50,000 Mary's Salary yes $55,000 $56,100 $57,222 $58,366 $59,534 Mary - Pension yes $29,250 $30,420 $31,636 $32,902 $34,218 Income from Assets $127,603 $128,581 $130,195 $132,121 $134,317 Dividend and Short-Term Capital Gains yes $32,603 $33,581 $35,195 $37,121 $39,317 Real Estate Income yes $95,000 $95,000 $95,000 $95,000 $95,000 Appreciation of Assets $24,729 $26,451 $28,286 $29,747 $30,409 LT Capital Appreciation yes $24,729 $26,451 $28,286 $29,747 $30,409 TOTALS: $286,581 $291,552 $297,340 $303,136 $308,477 Outflows Outflow Name Generic Expenses $16,931 $17,608 $18,313 $19,045 $19,807 Golf $16,931 $17,608 $18,313 $19,045 $19,807 Base Living Expenses $55,000 $57,200 $59,488 $61,868 $64,342 Pre-Retirement Living Expense $55,000 $57,200 $59,488 $61,868 $64,342 Education $10,000 $10,000 $10,000 $10,000 $10,000 Education 529 Contributions $5,000 $5,000 $5,000 $5,000 $5,000 Education 529 Contributions $5,000 $5,000 $5,000 $5,000 $5,000 Insurance Premiums $10,500 $10,500 $10,500 $10,500 $10,500 Life Insurance $4,500 $4,500 $4,500 $4,500 $4,500 Disability Insurance $6,000 $6,000 $6,000 $6,000 $6,000 Liabilities Payments $55,800 $54,661 $51,600 $51,600 $51,600 Mortgage $49,200 $49,200 $49,200 $49,200 $49,200 My Credit Card $2,400 $2,400 $2,400 $2,400 $2,400 My Vehicle $4,200 $3,061 $0 $0 $0 Taxes $73,312 $75,037 $77,170 $80,646 $85,794 Federal Taxes $67,654 $69,295 $71,343 $74,731 $79,790 Social Security Taxes $3,410 $3,478 $3,548 $3,619 $3,691 Medicare Taxes $2,248 $2,263 $2,280 $2,296 $2,313 TOTALS: $221,543 $225,005 $227,071 $233,659 $242,043 NET: $65,038 $66,546 $70,269 $69,477 $66,434 Money Movements Contributions Taxable $18,828 $18,828 $18,828 $18,828 $18,828

29 Page 27 of Tax-Deferred $2,205 $2,205 $2,205 $2,205 $2,205 Account Distributions Calculated Withdrawals $8,741 $9,998 $11,543 $15,308 $20,368 Qualified Contributions Non-Qualified Contributions Capital Gains Stock Options $252 $286 $325 $370 $420 Charles Cameron - My Stock Options $252 $286 $325 $370 $420 Brokerage $543 $543 $543 $543 $543 Charles Cameron - My Brokerage $543 $543 $543 $543 $543 Total: $795 $829 $868 $912 $963 Summary Value of Investments: $991,258 $1,038,376 $1,087,011 $1,139,509 $1,190, Inflows Inflow Name Pre-tax? Generic Incomes $171,311 $173,949 $176,668 $179,471 $182,361 Charles Cameron's Salary yes $75,000 $75,000 $75,000 $75,000 $75,000 Mary's Salary yes $60,724 $61,939 $63,178 $64,441 $65,730 Mary - Pension yes $35,587 $37,010 $38,491 $40,030 $41,631 Income from Assets $135,758 $136,999 $138,777 $140,002 $140,279 Dividend and Short-Term Capital Gains yes $40,758 $41,999 $43,777 $45,002 $45,279 Real Estate Income yes $95,000 $95,000 $95,000 $95,000 $95,000 Appreciation of Assets $31,649 $33,813 $36,120 $38,584 $41,205 LT Capital Appreciation yes $31,649 $33,813 $36,120 $38,584 $41,205 TOTALS: $338,718 $344,761 $351,566 $358,057 $363,845 Outflows Outflow Name Generic Expenses $37,530 $21,423 $22,280 $23,171 $95,264 Golf $20,599 $21,423 $22,280 $23,171 $24,098 New Bathroom $16,931 $0 $0 $0 $0 Europe $0 $0 $0 $0 $71,166 Base Living Expenses $66,916 $69,593 $72,376 $75,271 $78,282 Pre-Retirement Living Expense $66,916 $69,593 $72,376 $75,271 $78,282 Tuition $0 $0 $0 $0 $29,061

30 Page 28 of Sam's tuition for The University of Arizona $0 $0 $0 $0 $29,061 Education $10,000 $10,000 $10,000 $10,000 $10,000 Education 529 Contributions $5,000 $5,000 $5,000 $5,000 $5,000 Education 529 Contributions $5,000 $5,000 $5,000 $5,000 $5,000 Insurance Premiums $10,500 $10,500 $10,500 $10,500 $10,500 Life Insurance $4,500 $4,500 $4,500 $4,500 $4,500 Disability Insurance $6,000 $6,000 $6,000 $6,000 $6,000 Liabilities Payments $51,600 $51,389 $49,200 $49,200 $23,285 Mortgage $49,200 $49,200 $49,200 $49,200 $23,285 My Credit Card $2,400 $2,189 $0 $0 $0 Taxes $95,594 $97,971 $100,597 $103,115 $105,500 Federal Taxes $88,774 $91,058 $93,589 $96,010 $98,297 Social Security Taxes $3,765 $3,840 $3,917 $3,995 $4,075 Medicare Taxes $3,056 $3,073 $3,091 $3,109 $3,128 TOTALS: $272,140 $260,876 $264,953 $271,257 $322,831 NET: $66,577 $83,885 $86,612 $86,799 $41,014 Money Movements Contributions Taxable $18,828 $18,828 $18,828 $36,828 $828 Tax-Deferred $2,205 $2,205 $2,205 $2,205 $2,205 Account Distributions Calculated Withdrawals $29,317 $12,801 $14,318 $17,036 $48,503 Qualified Contributions Non-Qualified Contributions Capital Gains Stock Options $477 $542 $615 $703 $797 Charles Cameron - My Stock Options $477 $542 $615 $703 $797 Brokerage $543 $543 $543 $543 $543 Charles Cameron - My Brokerage $543 $543 $543 $543 $543 Total: $1,020 $1,084 $1,158 $1,245 $1,340 Summary Value of Investments: $1,238,084 $1,284,346 $1,350,388 $1,419,176 $1,470, Inflows Inflow Name Pre-tax? Generic Incomes $185,341 $188,414 $191,583 $194,851 $198,222

31 Page 29 of Charles Cameron's Salary yes $75,000 $75,000 $75,000 $75,000 $75,000 Mary's Salary yes $67,045 $68,386 $69,753 $71,148 $72,571 Mary - Pension yes $43,297 $45,028 $46,830 $48,703 $50,651 Income from Assets $141,124 $141,156 $140,871 $139,651 $138,552 Dividend and Short-Term Capital Gains yes $46,124 $46,156 $45,871 $44,651 $43,552 Real Estate Income yes $95,000 $95,000 $95,000 $95,000 $95,000 Appreciation of Assets $45,145 $49,355 $52,636 $56,132 $60,818 LT Capital Appreciation yes $45,145 $49,355 $52,636 $56,132 $60,818 TOTALS: $371,610 $378,924 $385,090 $390,634 $397,592 Outflows Outflow Name Generic Expenses $25,062 $103,037 $27,107 $111,445 $29,319 Golf $25,062 $26,064 $27,107 $28,191 $29,319 Europe $0 $76,973 $0 $83,254 $0 Base Living Expenses $81,413 $84,670 $88,057 $91,579 $95,242 Pre-Retirement Living Expense $81,413 $84,670 $88,057 $91,579 $95,242 Tuition $111,637 $116,103 $120,747 $91,579 $0 Megan's tuition for Yale University $81,413 $84,670 $88,057 $91,579 $0 Sam's tuition for The University of Arizona $30,224 $31,433 $32,690 $0 $0 Education $5,000 $54,231 $72,057 $75,579 $0 Education Shortfall $0 $54,231 $72,057 $75,579 $0 Education 529 Contributions $5,000 $0 $0 $0 $0 Insurance Premiums $9,600 $9,600 $9,600 $9,600 $9,600 Life Insurance $3,600 $3,600 $3,600 $3,600 $3,600 Disability Insurance $6,000 $6,000 $6,000 $6,000 $6,000 Taxes $107,356 $108,982 $110,550 $111,850 $113,192 Federal Taxes $100,052 $101,576 $103,039 $104,232 $105,465 Social Security Taxes $4,157 $4,240 $4,325 $4,411 $4,499 Medicare Taxes $3,147 $3,167 $3,186 $3,207 $3,227 TOTALS: $228,431 $360,520 $307,371 $400,053 $247,353 NET: $143,179 $18,404 $77,719 -$9,419 $150,239 Money Movements Contributions Taxable $828 $828 $828 $828 $828 Tax-Deferred $2,205 $2,205 $2,205 $2,205 $2,205 Sweep To Savings $46,844 $0 $0 $0 $38,908 Account Distributions Calculated Withdrawals $15,172 $80,139 $23,821 $113,235 $14,389 Qualified Contributions Non-Qualified Contributions

32 Page 30 of 40 Capital Gains Stock Options $893 $1,000 $1,120 $1,255 $1,405 Charles Cameron - My Stock Options $893 $1,000 $1,120 $1,255 $1,405 Brokerage $543 $543 $543 $543 $543 Charles Cameron - My Brokerage $543 $543 $543 $543 $543 Total: $1,436 $1,543 $1,663 $1,797 $1,948 Summary Value of Investments: $1,511,382 $1,637,357 $1,655,760 $1,733,479 $1,724, Inflows Inflow Name Pre-tax? Generic Incomes $226,700 $231,287 $184,686 $162,376 $90,871 Charles Cameron's Salary yes $75,000 $75,000 $75,000 $75,000 $0 Charles Cameron - Pension yes $25,000 $26,000 $27,040 $28,122 $29,246 Mary's Salary yes $74,023 $75,503 $25,671 $0 $0 Mary - Pension yes $52,677 $54,784 $56,975 $59,254 $61,625 Income from Assets $139,846 $141,106 $141,250 $142,243 $140,891 Dividend and Short-Term Capital Gains yes $44,846 $46,106 $46,250 $47,243 $45,891 Real Estate Income yes $95,000 $95,000 $95,000 $95,000 $95,000 Appreciation of Assets $65,820 $71,398 $77,354 $82,340 $87,578 LT Capital Appreciation yes $65,820 $71,398 $77,354 $82,340 $87,578 TOTALS: $432,366 $443,792 $403,290 $386,959 $319,340 Outflows Outflow Name Generic Expenses $120,539 $31,711 $130,375 $34,299 $141,014 Golf $30,492 $31,711 $32,980 $34,299 $35,671 Europe $90,047 $0 $97,395 $0 $105,342 Base Living Expenses $99,052 $103,014 $105,597 $109,021 $113,382 Pre-Retirement Living Expense $99,052 $103,014 $71,423 $55,710 $57,938 Retirement Living Expense $0 $0 $34,174 $53,311 $55,444 Insurance Premiums $9,600 $9,600 $9,600 $9,600 $9,600 Life Insurance $3,600 $3,600 $3,600 $3,600 $3,600 Disability Insurance $6,000 $6,000 $6,000 $6,000 $6,000 Taxes $124,514 $127,207 $107,150 $98,681 $68,281 Federal Taxes $116,676 $119,256 $103,011 $96,506 $68,281 Social Security Taxes $4,589 $4,681 $1,592 $0 $0

33 Page 31 of Medicare Taxes $3,248 $3,270 $2,547 $2,175 $0 TOTALS: $353,705 $271,532 $352,722 $251,601 $332,277 NET: $78,661 $172,260 $50,569 $135,358 -$12,936 Money Movements Contributions Taxable $828 $828 $828 $0 $0 Tax-Deferred $2,205 $2,205 $2,205 $0 $0 Sweep To Savings $0 $50,533 $0 $19,640 $0 Account Distributions Calculated Withdrawals $35,038 $16,174 $76,068 $13,865 $146,406 Qualified Contributions Non-Qualified Contributions Capital Gains Stock Options $1,574 $1,762 $1,974 $2,211 $2,476 Charles Cameron - My Stock Options $1,574 $1,762 $1,974 $2,211 $2,476 Brokerage $543 $543 $543 $543 $543 Charles Cameron - My Brokerage $543 $543 $543 $543 $543 Total: $2,116 $2,305 $2,517 $2,754 $3,019 Summary Value of Investments: $1,855,982 $1,934,644 $2,089,540 $2,140,109 $2,275, Inflows Inflow Name Pre-tax? Generic Incomes $94,506 $98,286 $102,218 $106,306 $110,558 Charles Cameron - Pension yes $30,416 $31,633 $32,898 $34,214 $35,583 Mary - Pension yes $64,090 $66,653 $69,319 $72,092 $74,976 Income from Assets $137,990 $138,001 $137,789 $137,336 $136,627 Dividend and Short-Term Capital Gains yes $42,990 $43,001 $42,789 $42,336 $41,627 Real Estate Income yes $95,000 $95,000 $95,000 $95,000 $95,000 Appreciation of Assets $93,162 $99,117 $105,467 $112,241 $119,469 LT Capital Appreciation yes $93,162 $99,117 $105,467 $112,241 $119,469 TOTALS: $325,658 $335,404 $345,474 $355,884 $366,654 Outflows

34 Page 32 of 40 Outflow Name Generic Expenses $37,098 $38,582 $40,125 $41,730 $43,399 Golf $37,098 $38,582 $40,125 $41,730 $43,399 Base Living Expenses $117,917 $122,634 $127,540 $132,641 $137,947 Pre-Retirement Living Expense $60,256 $62,666 $65,173 $67,780 $70,491 Retirement Living Expense $57,662 $59,968 $62,367 $64,861 $67,456 Insurance Premiums $9,600 $9,600 $9,600 $9,600 $9,600 Life Insurance $3,600 $3,600 $3,600 $3,600 $3,600 Disability Insurance $6,000 $6,000 $6,000 $6,000 $6,000 Taxes $69,160 $70,915 $72,672 $74,427 $76,178 Federal Taxes $69,160 $70,915 $72,672 $74,427 $76,178 TOTALS: $233,775 $241,731 $249,937 $258,398 $267,124 NET: $91,882 $93,673 $95,537 $97,485 $99,530 Money Movements Contributions Account Distributions Calculated Withdrawals $44,270 $48,445 $52,719 $57,092 $61,566 Qualified Contributions Non-Qualified Contributions Capital Gains Stock Options $2,773 $3,106 $3,479 $3,896 $4,364 Charles Cameron - My Stock Options $2,773 $3,106 $3,479 $3,896 $4,364 Brokerage $543 $543 $543 $543 $543 Charles Cameron - My Brokerage $543 $543 $543 $543 $543 Total: $3,316 $3,649 $4,021 $4,439 $4,906 Summary Value of Investments: $2,262,530 $2,354,413 $2,448,086 $2,543,623 $2,641, Inflows Inflow Name Pre-tax? Generic Incomes $114,981 $119,580 $125,316 $140,774 $145,947 Charles Cameron's Social Security yes $0 $0 $953 $11,436 $11,436 Charles Cameron - Pension yes $37,006 $38,486 $40,026 $41,627 $43,292 Mary - Pension yes $77,975 $81,094 $84,337 $87,711 $91,219 Income from Assets $135,644 $131,630 $124,381 $118,178 $113,765

35 Page 33 of Dividend and Short-Term Capital Gains yes $40,644 $36,630 $29,381 $23,178 $18,765 Real Estate Income yes $95,000 $95,000 $95,000 $95,000 $95,000 Appreciation of Assets $127,181 $135,413 $144,200 $153,584 $162,483 LT Capital Appreciation yes $127,181 $135,413 $144,200 $153,584 $162,483 TOTALS: $377,805 $386,623 $393,898 $412,535 $422,195 Outflows Outflow Name Generic Expenses $45,135 $140,822 $146,455 $101,542 $105,604 Golf $45,135 $46,941 $48,818 $0 $0 boat $0 $93,881 $97,637 $101,542 $105,604 Base Living Expenses $143,465 $149,203 $151,757 $157,828 $164,141 Pre-Retirement Living Expense $73,310 $76,243 $0 $0 $0 Retirement Living Expense $70,154 $72,960 $151,757 $157,828 $164,141 Insurance Premiums $9,600 $9,600 $9,600 $9,600 $9,600 Life Insurance $3,600 $3,600 $3,600 $3,600 $3,600 Disability Insurance $6,000 $6,000 $6,000 $6,000 $6,000 Taxes $77,920 $78,885 $79,243 $82,235 $92,971 Federal Taxes $77,920 $78,885 $79,243 $82,235 $92,971 TOTALS: $276,120 $378,510 $387,055 $351,205 $372,316 NET: $101,686 $8,113 $6,842 $61,331 $49,880 Money Movements Contributions Account Distributions RMDs $0 $0 $0 $0 $34,508 Calculated Withdrawals $66,139 $163,930 $166,739 $115,431 $96,860 Qualified Contributions Non-Qualified Contributions Capital Gains Stock Options $4,888 $5,474 $6,131 $6,867 $7,691 Charles Cameron - My Stock Options $4,888 $5,474 $6,131 $6,867 $7,691 Brokerage $543 $543 $543 $543 $543 Charles Cameron - My Brokerage $543 $543 $543 $543 $543 Total: $5,430 $6,017 $6,674 $7,409 $8,233 Summary Value of Investments: $2,740,638 $2,842,324 $2,850,436 $2,857,279 $2,918,609

36 Page 34 of Inflows Inflow Name Pre-tax? Generic Incomes $173,839 $200,207 $206,027 $212,079 $218,374 Charles Cameron's Social Security yes $12,680 $26,364 $26,364 $26,364 $26,364 Charles Cameron - Pension yes $45,024 $46,825 $48,698 $50,645 $52,671 Mary's Social Security yes $21,267 $28,356 $28,356 $28,356 $28,356 Mary - Pension yes $94,868 $98,663 $102,609 $106,714 $110,982 Income from Assets $110,647 $110,354 $112,011 $113,864 $115,936 Dividend and Short-Term Capital Gains yes $15,647 $15,354 $17,011 $18,864 $20,936 Real Estate Income yes $95,000 $95,000 $95,000 $95,000 $95,000 Appreciation of Assets $169,905 $174,768 $176,221 $176,541 $175,950 LT Capital Appreciation yes $169,905 $174,768 $176,221 $176,541 $175,950 TOTALS: $454,390 $485,329 $494,259 $502,484 $510,260 Outflows Outflow Name Generic Expenses $109,828 $114,221 $118,790 $123,541 $128,483 boat $109,828 $114,221 $118,790 $123,541 $128,483 Base Living Expenses $170,706 $177,535 $184,636 $192,022 $199,702 Retirement Living Expense $170,706 $177,535 $184,636 $192,022 $199,702 Insurance Premiums $9,600 $9,600 $9,600 $9,600 $9,600 Life Insurance $3,600 $3,600 $3,600 $3,600 $3,600 Disability Insurance $6,000 $6,000 $6,000 $6,000 $6,000 Taxes $111,016 $148,393 $159,531 $168,354 $177,923 Federal Taxes $111,016 $148,393 $159,531 $168,354 $177,923 TOTALS: $401,150 $449,749 $472,557 $493,517 $515,709 NET: $53,240 $35,580 $21,702 $8,967 -$5,449 Money Movements Contributions Account Distributions RMDs $60,645 $64,125 $64,674 $64,187 $62,773 Calculated Withdrawals $70,358 $83,212 $104,943 $120,877 $137,584 Qualified Contributions Non-Qualified Contributions Capital Gains Stock Options $8,613 $9,647 $10,805 $12,101 $13,553 Charles Cameron - My Stock Options $8,613 $9,647 $10,805 $12,101 $13,553 Brokerage $543 $543 $543 $543 $543 Charles Cameron - My Brokerage $543 $543 $543 $543 $543

37 Page 35 of Total: $9,156 $10,190 $11,347 $12,644 $14,096 Summary Value of Investments: $2,968,489 $3,023,037 $3,065,821 $3,089,436 $3,099, Inflows Inflow Name Pre-tax? Generic Incomes $224,920 $231,728 $238,808 $246,172 $253,830 Charles Cameron's Social Security yes $26,364 $26,364 $26,364 $26,364 $26,364 Charles Cameron - Pension yes $54,778 $56,969 $59,248 $61,618 $64,083 Mary's Social Security yes $28,356 $28,356 $28,356 $28,356 $28,356 Mary - Pension yes $115,422 $120,038 $124,840 $129,834 $135,027 Income from Assets $118,252 $120,842 $123,739 $126,980 $130,605 Dividend and Short-Term Capital Gains yes $23,252 $25,842 $28,739 $31,980 $35,605 Real Estate Income yes $95,000 $95,000 $95,000 $95,000 $95,000 Appreciation of Assets $174,373 $171,304 $166,183 $158,701 $152,850 LT Capital Appreciation yes $174,373 $171,304 $166,183 $158,701 $152,850 TOTALS: $517,544 $523,874 $528,730 $531,852 $537,285 Outflows Outflow Name Generic Expenses $133,622 $138,967 $144,526 $150,307 $156,319 boat $133,622 $138,967 $144,526 $150,307 $156,319 Base Living Expenses $207,691 $215,998 $224,638 $233,624 $242,969 Retirement Living Expense $207,691 $215,998 $224,638 $233,624 $242,969 Insurance Premiums $9,600 $9,600 $9,600 $9,600 $9,600 Life Insurance $3,600 $3,600 $3,600 $3,600 $3,600 Disability Insurance $6,000 $6,000 $6,000 $6,000 $6,000 Taxes $195,641 $213,885 $228,425 $173,424 $154,551 Federal Taxes $195,641 $213,885 $228,425 $173,424 $154,551 TOTALS: $546,554 $578,451 $607,189 $566,955 $563,439 NET: -$29,010 -$54,577 -$78,459 -$35,102 -$26,154 Money Movements Contributions Account Distributions RMDs $60,268 $56,092 $49,793 $41,503 $39,974

38 Page 36 of Specified Withdrawals $0 $0 $5,000 $5,000 $5,000 Calculated Withdrawals $161,022 $190,619 $215,111 $206,890 $169,635 Qualified Contributions Non-Qualified Contributions Capital Gains Stock Options $15,180 $17,001 $19,042 $21,327 $23,886 Charles Cameron - My Stock Options $15,180 $17,001 $19,042 $21,327 $23,886 Brokerage $543 $543 $543 $543 $543 Charles Cameron - My Brokerage $543 $543 $543 $543 $543 Total: $15,723 $17,544 $19,584 $21,869 $24,428 Summary Value of Investments: $3,096,306 $3,072,640 $3,023,075 $2,948,093 $2,885, Inflows Inflow Name Pre-tax? Generic Incomes $261,794 $270,077 $278,691 $287,650 $809,467 Charles Cameron's Social Security yes $26,364 $26,364 $26,364 $26,364 $26,364 Charles Cameron - Pension yes $66,646 $69,312 $72,084 $74,968 $77,966 Mary's Social Security yes $28,356 $28,356 $28,356 $28,356 $28,356 Mary - Pension yes $140,428 $146,045 $151,887 $157,962 $164,281 Mary - Pension yes $0 $0 $0 $0 $12,500 Mary's Insurance Payout N/A $0 $0 $0 $0 $500,000 Income from Assets $134,661 $139,200 $144,278 $149,962 $156,323 Dividend and Short-Term Capital Gains yes $39,661 $44,200 $49,278 $54,962 $61,323 Real Estate Income yes $95,000 $95,000 $95,000 $95,000 $95,000 Appreciation of Assets $153,985 $160,253 $166,432 $172,516 $178,244 LT Capital Appreciation yes $153,985 $160,253 $166,432 $172,516 $178,244 TOTALS: $550,440 $569,530 $589,402 $610,128 $1,144,035 Outflows Outflow Name Generic Expenses $0 $0 $0 $0 $15,000 Mary's Final Expenses $0 $0 $0 $0 $15,000 Base Living Expenses $252,687 $262,795 $273,307 $284,239 $295,608 Retirement Living Expense $252,687 $262,795 $273,307 $284,239 $295,608

39 Page 37 of Insurance Premiums $9,600 $9,600 $9,600 $9,600 $9,600 Life Insurance $3,600 $3,600 $3,600 $3,600 $3,600 Disability Insurance $6,000 $6,000 $6,000 $6,000 $6,000 Taxes $161,552 $169,019 $176,626 $184,667 $197,481 Federal Taxes $161,552 $169,019 $176,626 $184,667 $197,481 TOTALS: $423,839 $441,414 $459,533 $478,506 $517,689 NET: $126,601 $128,116 $129,869 $131,622 $626,345 Money Movements Contributions Sweep To Savings $0 $0 $0 $0 $500,000 Account Distributions RMDs $42,107 $44,334 $46,659 $49,082 $51,602 Specified Withdrawals $5,000 $5,000 $5,000 $5,000 $5,000 Calculated Withdrawals $19,939 $27,002 $34,182 $41,774 $56,620 Unused Distributions $0 $0 $0 $0 $56,602 Qualified Contributions Non-Qualified Contributions Capital Gains Stock Options $26,752 $29,962 $33,558 $37,585 $42,095 Charles Cameron - My Stock Options $26,752 $29,962 $33,558 $37,585 $42,095 Brokerage $543 $543 $543 $543 $543 Charles Cameron - My Brokerage $543 $543 $543 $543 $543 Total: $27,295 $30,505 $34,101 $38,127 $42,638 Summary Value of Investments: $2,859,227 $2,985,828 $3,113,943 $3,243,812 $3,375,434 Inflows Inflow Name Pre-tax? Generic Incomes $1,113,669 Charles Cameron's Social Security yes $25,495 Charles Cameron - Pension yes $81,085 Mary's Social Security yes $7,089 Charles Cameron's Insurance Payout N/A $1,000,000 Income from Assets $199,268 Dividend and Short-Term Capital Gains yes $104,268

40 Page 38 of 40 Real Estate Income yes $95,000 Appreciation of Assets $184,745 LT Capital Appreciation yes $184,745 TOTALS: $1,497,682 Outflows Outflow Name Generic Expenses $20,000 Charles Cameron's Final Expenses $20,000 Base Living Expenses $204,965 Retirement Living Expense $204,965 Insurance Premiums $6,000 Life Insurance $2,400 Disability Insurance $3,600 Taxes $155,083 Federal Taxes $155,083 TOTALS: $386,048 NET: $1,111,634 Money Movements Contributions Taxable $0 Tax-Deferred $0 Tax-Free $0 Sweep To Savings $0 Account Distributions RMDs $53,852 Specified Withdrawals $5,000 Calculated Withdrawals $118,527 Unused Distributions $0 Qualified Contributions Charles Cameron - My Roth IRA $0 Mary - My Roth IRA $0 Non-Qualified Contributions Capital Gains Stock Options $47,146 Charles Cameron - My Stock Options $47,146 Brokerage $543 Charles Cameron - My Brokerage $543 Total: $47,689 Summary

41 Page 39 of 40 Value of Investments: $3,960,

42 Page 40 of 40 Retirement Strategies Net Worth At Retirement Net Worth At End of Plan Before Before After After Before Strategies: $3,538,711 After Strategies: $3,565,324 Before Strategies: $4,695,767 After Strategies: $4,683,112 Current Strategies Description Type Amount My Roth Conversion Roth Conversion % My Roth Conversion Roth Conversion $0