Make Sure You Are Ready For Retirement

Transcription

1 Make Sure You Are Ready For Retirement

2 J.W. THOMPSON INVESTMENTS As your plan s dedicated provider of retirement plan education and personalized investment advice, John & Jay Thompson work directly with the members of Local 94 to help you understand how to make the most of your retirement savings. Our services range from answering questions about your account, to performing a comprehensive investment analysis that answers the question What Investments Should I Be In? As a member of Local 94, you pay nothing out-of-pocket for any of these services. Through a pro-active partnership between Mercer your plan s service provider, and J.W. Thompson Investments, we bring you our retirement planning insight and understanding to help with your retirement savings goals. John Wm. Thompson, CRC Managing Partner and Chief Investment Officer Mr. Thompson is a Certified Retirement Counselor and holds the following FINRA Securities Registrations: FINRA Series 7 General Securities Representative FINRA Series 24 General Securities Principal FINRA Series 63 Uniform Securities Agent FINRA Series 65 Registered Investment Advisor Jay Thompson Vice President Retirement Plans Mr. Thompson holds the following FINRA Securities Registrations: FINRA Series 7 General Securities Representative FINRA Series 63 Uniform Securities Agent FINRA Series 65 Registered Investment Advisor Securities offered through LPL Financial, Member FINRA/SIPC Investment Advice offered through J.W. Thompson Investments LLC, a registered investment advisor and separate entity from LPL Financial

3 Detailed Investment Advice How J.W. Thompson Investments Answers the Question What Investments Should I Be In? J.W. Thompson Investments works directly with you to create a detailed investment road map that provides specific recommendations and personalized retirement advice. During the Investment Analysis stage, JWTI works with you to identify key financial components such as: Current versus Future Expenses and Income Needs Retirement Savings Outside of the Annuity Fund Central Pension Projections and Social Security Benefits. Once complete JWTI provides members with an Investment Analysis Report that details an explanation of investment reallocations necessary to achieve a specific target model. Additionally JWTI will review your action plan on an annual basis and provide feed back and adjustments should situations warrant. Securities offered through LPL Financial, Member FINRA/SIPC Investment Advice offered through J.W. Thompson Investments LLC, a registered investment advisor and separate entity from LPL Financial

4 Current vs. Target Asset Allocation Step by Step Investment Action Plan These are hypothetical examples and are not representative of any specific investment, plan, or account. Your results may vary. Securities offered through LPL Financial, Member FINRA/SIPC Investment Advice offered through J.W. Thompson Investments LLC, a registered investment advisor and separate entity from LPL Financial

5 If You Have Questions About Your Account - Or Would Like to Begin Your Personalized Investment Analysis Contact J.W. Thompson Investments Today! How to Begin Your Local 94 Investment Analysis J.W. Thompson Investments 1. Complete the Local 94 Investment Analysis 245 Waterman Street Suite Include any financial statements and or account information Providence, Rhode Island pertaining to outside retirement, savings, and brokerage accts Phone: Toll Free 3. Return the necessary information to JWTI, once received we Direct: John Thompson confirm receipt of information and follow up with our specific Direct: Jay Thompson investment analysis recommendations john@jwti.com jay@jwti.com Securities offered through LPL Financial, Member FINRA/SIPC Investment Advice offered through J.W. Thompson Investments LLC, a registered investment advisor and separate entity from LPL Financial

6 Please provide the following information If you are completing this in Excel, use TAB to go from field to field and don't forget to save this to your own files before sending back to us. Your Name Employer Spouse's Name Employer Home Address Line 1 Home Address Line 2 City, State and Zip Address Last four digits of your Social Sec No. Phone - Work Phone - Cell PERSONAL INFORMATION Date Of Birth Annual Income Annual Income after taxes Any Other Income and the source Current Social Security Annual Inc YOU YOUR SPOUSE Pension 1: Amount Per Month You'll Receive in Today's Dollars, When, and Source Pension 2: Amount Per Month You'll Receive in Today's Dollars, When, and Source MORTGAGE AND PERSONAL DEBT Mortgage Balance Total of all other non-mortgage-debt FAMILY LIVING EXPENSES - PER MONTH Mortgage PMT (include taxes & Insurance) or Rent Automobile (include gas, insurance & taxes) Debt Payments (credit card & home equity loan) Savings (don't include retirement plan savings) Groceries Education costs Entertainment Clothing Travel Anything Else Day Care Healthcare Utilities (include electric, water, heating) Any Other Extraordinary Expenses Please specify the nature, amount and frequency Page 1 of 6

7 Phones Cable and Internet At What Age Do You Hope To Retire? At What Age Does Your Spouse Hope To Retire? FAMILY INFORMATION Check below if you will be paying for college for each child Child 1 Date of birth Private Public Child 2 Date of birth Private Public Child 3 Date of birth Private Public Child 4 Date of birth Private Public Child 5 Date of birth Private Public Child 6 Date of birth Private Public If you don't currently have any children, do you hope to have any in the future? Yes & # No YOUR ONGOING SAVINGS AND INVESTMENTS For all of the accounts that you have, it would be most helpful if you could send us a copy of your most recent statement. That allows us to know your total asset allocation. If you can't send us copies of your statements, please detail the holdings in each account at the end of this. THERE IS NO NEED TO INCLUDE ANY INFO ABOUT YOUR 401(k) PLAN. YOU YOUR SPOUSE 401(k) - 403(b) Plans -Total of All IRA's - Total of All ROTH IRA's - Total of All Non Retirement Investment Accounts Savings Accounts - Total of All Certificates of Deposit - Total of All Variable Annuities - Total of All Fixed Annuities- Total of All Taxable Money Market Accounts - Total Page 2 of 6

8 Checking Accounts - Total All Miscellaneous Savings or Investments Your Primary Residence Current Value Current MortgageAmt OTHER RETIREMENT INCOME ITEMS Sale of your current - primary - home Sell in What Year? Any inheritance Approx Amount Expected Year Part-time employment Start at what age? Continue for how many years? Income/yr Any special retirement package or severance- amount Will receive when? Rental Property Income - annual income If this will be sold in the future, when? Current Value Current Mortgage Sell In What Year? Sale of any other real estate Deferred Compensation How much will you receive? When? How Long Any other lumpsum income - amount and source OTHER RETIREMENT EXPENSE ITEMS Purchase another home When? Anticipated cost in today's $'s Big travel plans Cost Start year How often to repeat activity? Health Care Costs- annual amount Start year Any end year of modify year? Long-term Care Premiums-amount Start year Any end year of modify year? Any Other Large Expenditures description - amount - duration WHAT KIND OF INVESTOR ARE YOU? What is your goal for your 401(k) Plan? To grow aggressively? To grow significantly? Page 3 of 6

9 To grow moderately? To grow with caution? To avoid loosing money? When do you expect to start drawing money out of your 401(k) Plan? Not for at least 20 years In 10 to 20 years In 5 to 10 years Not now, but within 5 years Immediately Assuming normal market conditions, what would you expect from the investments in your 401(k) Plan? To generally keep pace with the stock market To slightly trail the stock market, but make a profit To trail the stock market, but make a general profit To have some stability, but make a modest profit To have a high degree of stability, but make a small profit Suppose the stock market performs unusually poor over the next decade, what would you expect the investments in your 401(k) to do? To lose money To make very little profit To eke out a small gain To make a modest gain To be little affected by what happens in the stock market Which of these statements would best describe your attributes about the next 3 years? I don t mind if I loose money I can tolerate a small loss I d have a hard time tolerating any losses I d need to see at least a little gain Which of these statements would best describe your attributes about the next 3 months performance of your 401(k) Plan? Who cares? One quarter means nothing to me I wouldn t worry about losses in that time frame If I suffered a loss greater than 10% I d be concerned I can only tolerate small short term losses I d have a hard time with any loss Page 4 of 6

10 List of Details Investments/Accounts: For any account that you can't send a recent statement, please provide the following information: Account Name Retirement or Taxable Specific Investments Symbol Shares Current Value Account Name Retirement or Taxable Specific Investments Symbol Shares Current Value Account Name Retirement or Taxable Specific Investments Symbol Shares Current Value Page 5 of 6

11 Account Name Retirement or Taxable Specific Investments Symbol Shares Current Value Account Name Retirement or Taxable Specific Investments Symbol Shares Current Value If you need more space, simply add the remaining information to a new sheet and include it with the. REMEMBER TO SAVE THIS TO YOUR FILES BEFORE SENDING BACK TO US You can mail your completed to: J.W. Thompson Investments 245 Waterman Street - Suite 301 Providence, Rhode Island or it to us at: John@jwti.com or fax it back to us at If you have any questions, please call us at or Securities offered through LPL Financial - Member FINRA - SIPC Page 6 of 6