retirement income planning

Retirement Income Planning:

Balance

Retirement Income Planning:Balance

Assets• Retirement Savings• Pensions• Investments• Property

Expenditures• Mortgage / taxes• Insurances

• Home/auto/life/medical• Utilities• Food / Gas • Entertainment


• Cash flow– When you need to

know where money is going

– Analysis

• Budgeting– When you need to

control how much and where money is going

– Planning & Implementation

Budget

Cash flow


• Determine your expected cash flow needs– Start with current expenditures– Major Categories

• Food• Utilities• Mortgage• Health Care• Transportation• Housing

– The more detailed you get, the more accurate you will be


• Determine your expected cash flow needs– Consider using a tool that will

help you track expenses• Mint.com• Quicken• Spreadsheets

– Attend our Budgeting & Cash Flow Analysis seminar

Assets• Retirement Savings• Pensions• Investments• Property

Expenditures• Mortgage / taxes• Insurances

• Home/auto/life/medical• Utilities• Food / Gas • Entertainment



• Assets– Retirement savings• 401k/403B• IRA

– Social Security Income– Pensions– Other assets: i.e. investments, savings, HSA,

investment property


Estimating Income • 4% Rule of thumb– 4% annual

withdrawal rate from investments

• Add annual Social Security Income

• Add annual Pension Income


AssetsExpenditures


You: the CEO of your Retirement Business– Decision-maker– Manager


You: CEO– Pre-retirement• Changes to Expenditures

– Find spending to cut

• Changes to Assets– Increase savings

– Post-retirement• Changes to Expenditures

– Find spending to cut

Or you risk running out of money– longevity risk


You: CEO– Create and

implement a budget • To reduce & control

spending• To increase

accumulation by saving


You: CEO– Social Security

options• 62, 66, 70• One spouse,

both spouses

www.ssa.gov


You: CEO– 401k• Remain in plan or roll out

– Roth • When to use

– Safer investments• Income producing

– Amway pension• Lump sum or Annuity

– Investment property• Keep or Sell


You: CEO– Ongoing coordination

of asset distribution to produce required income stream

Social Security

401(k)

Pension


You: CEO– Simplify, if necessary

– Consolidate» Under one roof» Into one account

– Automatic payments

IRA

IRA

401(k)

Pension Lump


You: CEO– Look for help• Taxes

– Strategy– Calculation

• Financial Adviser– Wholesale vs. Retail– Fiduciary Standard

Personal Consultations• Consider your specific

situation• Free for all Amway

employees• Spouses are welcome to

attend• What to bring:

– Fidelity login credentials– Outside asset list– Social Security Statement– Target Retirement Year– Estimate of monthly income

needs

Thank YouSchedule your personal consultation now!

Visit http://amway.bemanaged.comContact us at (616) 871-0751 or (888) 738-8780

What to bring:Fidelity login credentialsOutside asset listSocial Security StatementTarget Retirement YearEstimate of monthly income needs

http://amway.bemanaged.com/

retirement income planning

Economy & Finance