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This document appears to be from a retirement planning workshop that discusses strategies and rules of thumb for generating income during retirement. It addresses whether the traditional "4% rule" is still appropriate given market volatility and longevity risk. It also discusses using fixed indexed annuities or guaranteed lifetime withdrawal benefits as alternatives to mitigate risks to retiree portfolios in down markets.
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- 1. Welcome To The Retirement Success Workshop ForThose In or About To Enter Retirement
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- 4. “Is the 4%Rule Still Appropriate?” “The 4 percent rule no longer applies for most retirees.” Sources: http://www.cnbc.com/id/102605878 & http://www.schwab.com/public/schwab/nn/articles/Is-the-4-Percent-Rule-Still-Appropriate Monthly Income Assets Needed $500 $150,000 $1,000 $300,000 $2,000 $600,000 $3,000 $900,000 $4,000 $1,200,000 $5,000 $1,500,000 $6,000 $1,800,000 The 4% Rule?
- 5. “The 4 percentrule is Not Safe...” Why? Sources: http://www.cnbc.com/id/102605878 & http://www.schwab.com/public/schwab/nn/articles/Is-the-4-Percent-Rule-Still-Appropriate VOLATILITY! “The 4 percent rule no longer applies for most retirees.”
- 6. “The 4 percentrule is Not Safe...” Sources: http://www.cnbc.com/id/102605878 & http://www.schwab.com/public/schwab/nn/articles/Is-the-4-Percent-Rule-Still-Appropriate “The 4 percent rule no longer applies for most retirees.” It’s not that the stock market never goes up – It does go up. The problem is this – Sometimes it goes down.
- 7. It would takefar less money to generate the same income. What if there were a 6% rule? Monthly Income Assets Needed 4% Rule Assets Needed 6% Rule $500 $150,000 $100,000 $1,000 $300,000 $200,000 $2,000 $600,000 $400,000 $3,000 $900,000 $600,000 $4,000 $1,200,000 $800,000 $5,000 $1,500,000 $1,000,000 $6,000 $1,800,000 $1,200,000 Difference: $50,000 $100,000 $200,000 $300,000 $400,000 $500,000 $600,000
- 8. Commonly Available Guaranteed LifetimeIncome Rates 60 year old = 5.00% 65 year old = 5.50% 70 year old = 6.00% 75 year old = 6.50%
- 9. Source: https://www.google.com/finance Compound AnnualGrowth Rate? 2.68% Remember This?
- 10. Source: https://www.google.com/finance Remember This? Beginningwith $100,000 Withdraw $500 Per Month (6.0%)
- 11. Total Withdrawals: $87,000 Beginning with $100,000 Withdraw $500 PerMonth (6.0%) Source: https://www.google.com/finance By June 2, 2014, you have run out of money. No money left to participate when the market rebounds.
- 12. Source: https://www.google.com/finance By June2, 2014, you have run out of money. No money left to participate when the market rebounds. Things That Outperform This Chart Coffee Can Mattress Safe Checking Account Savings Money Market CD
- 13. Systemic Risk “The riskinherent to the entire market or an entire market segment. Systematic risk, also known as “undiversifiable risk,” “volatility” or “market risk,” affects the overall market, not just a particular stock or industry.”
- 14. Systemic Risk “This typeof risk is both unpredictable and impossible to completely avoid. It cannot be mitigated through diversification…”
- 15. Systemic Risk Systemic Riskis responsible for a significant portion of price changes you see in a stock market.
- 16. Systemic Risk So howdoes one avoid Systemic Risk? LEAVE the SYSTEM!
- 17. One Solution… A FixedIndexed Annuity (FIA) gives you the potential to exceed traditional fixed interest rates by linking your interest credits to the performance of an external market index.
- 18. Fixed Indexed Annuity Ifthe market index rises… Your money grows… Tax-deferred! START POINT Annuity Account Value Leading Market Index
- 19. Fixed Indexed Annuity Ifthe market index falls… Your money protected… Annuity Account Value Leading Market Index START POINT
- 20. Fixed Indexed Annuity Asthe market index recovers… Your money grows… Annuity Account Value Leading Market Index START POINT
- 21. Fixed Indexed Annuity Sowhat happens next year? Your values will either increase or stay the same?… Annuity Account Value Leading Market Index START POINT Your principal and past interest credits are always protected.
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