A Sound Retirement PlanBegins By Developing a
Financial Strategy• We IDENTIFY your financial goals• I GATHER & ANALYZE DATA on your current
financial situation• I RECOMMEND a solution to meet your goals• You IMPLEMENT the solution of your choice• We REVIEW progress and make adjustments
Client ObjectivesThis Analysis Addresses the Following Goals
EDUCATION GOALS
RETIREMENT
SURVIVOR NEEDS
Personal DataPersonal Data
PERSONAL DATAPERSONAL DATA
Name Sex Birthdate SS Benefits*
Tom C. Jones M 1/10/1966 Earnings Based
Marilyn B Jones F 1/10/1970 Earnings Based
123 Main Street
Carlsbad, CA 92008
Phone: (760) 555-1111 Fax: (760) 555-2222
*Social Security benefit levels of "Maximum" assume that the worker earned the Social Security maximum earning base in years prior to the
current year and that current earnings stay the same until Normal Retirement Age. "Earnings Based" assumes that the worker has received pay
raises at a rate equal to the national average each year through the current year and that current earnings stay the same until Normal Retirement
Age.
Dependents Birthdate SS Until Age
Melissa 1/2/1995 18
Neal 2/2/2005 18
OCCUPATIONOCCUPATION
Tom
Job Title: Warehouse Manager
Employer: Atlas Computers, Inc. Phone: (760) 555-3333 Ext -
3234 Avenida del Alba Fax: (760) 555-4444
Carlsbad, CA 92009
Marilyn
Job Title: Marketing Director
Employer: San Diego County Medical Center Phone: (858) 555-1111
13355 Granite Creek Road Fax:
San Diego, CA 92128
Tom and Marilyn JonesPresented by: Gary Carl Chomiak
This Data is used strictly for illustrative purposes only
Retirement Distribution DetailsRetirement Distribution DetailsMeeting Your Needs with the Retirement Portfolio
In the analysis, withdrawals were made from your retirement assets for two reasons:
1. Required Minimum Distributions: For each qualified account, (e.g., 401(k)), the IRS requires that you pay out a portion of your funds (and pay the taxes!) starting at age 70!. In this analysis, these distributions were used to pay your retirement income needs after other income sources (e.g., Social Security) have been applied. Excess RMD, if any, was reinvested.
2. Withdrawals to Meet Needs: In years when your needs surpassed your income sources and RMD, the analysis withdrew money from your pool of retirement assets.
Retirement Withdrawals to Meet Needs
Age at 1st Total
Total Distribution Retirement Retirement Balance at
Name RMD Order Withdrawal Withdrawals End of Plan
B of SD Checking $0 1 65 $6,308 $0
Atlas Retirement Plan 0 2 65 879,756 0
Medical Center 403(b) 0 3 66 1,106,944 0
ABC Brokerage 0 4 69 3,152,206 0
B of SD Savings 0 9 73 37,501 0
Tom's Rollover IRA 0 10 73 1,036,315 0
Totals $0 $6,219,030 $0
Tom and Marilyn JonesPresented by: Gary Carl Chomiak
This Data is used strictly for illustrative purposes only
Retirement Analysis ResultsRetirement Analysis ResultsHas the objective been met?
AAnn
nnuu
aa llII nn
cc oo m
mee
Social Security Additional Income Required Distributions
Withdrawals from Assets Retirement Income Objective
$1,400,000
$1,200,000
$1,000,000
$800,000
$600,000
$400,000
$200,000
$07571
7773
7975
8177
8379
--91
--87
7369
--93
7167
8581
6965
8783
8985
6763
6561
--89
Tom's AgeTom's AgeMarilyn's AgeMarilyn's Age
Assuming: Tom's mortality age 90, Marilyn's mortality age 95
Based on the analysis of your retirement income needs, expected income sources and available assets, your objective will be satisfied until age 80. At retirement, additional funds of $3,519,062 will be needed.
Objectives Results Remaining
Successful years of retirement 34 15 19
Capitalized value at retirement* $9,972,802 $6,453,740 $3,519,062
Percent of goal 100% 65% 35%
There are several methods by which you can improve your results: save more, earn more on your savings, retire later, retire on less or reduce other expenses.
These results are hypothetical and are not a promise of future performance.
*Capitalization is a way of treating a series of cash flows as a lump sum, deposited in a hypothetical account with a taxable return of 7.00%. The Results amount includes all after-tax income sources and asset withdrawals applied to the retirement objective.
Tom and Marilyn JonesPresented by: Gary Carl Chomiak
This Data is used strictly for illustrative purposes only
Gary Chomiak, Owner562.405.5482
Serving your retirement planning needs.
[email protected]. Box 1219, Artesia, CA 90702CA Insurance 0D25026
Securities offered throughQuest Capital Strategies, Inc.
Member FINRA SIPC25231 Paseo de Alicia, Suite 110
Laguna Hills, CA 92653(949) 830-4885
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