THE

ESSENTIALQUESTIONSIf answered }ionestly and

acc'irately, tliese six essential

questions can l'ielp you plan for

your retirement income:

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WILL Y O U I-I AV E E N OkTG H [ N C O M E IN R ETIRE M E N T :.

How much do you spend

right now?

A lot of people tl'ffnk tliey laiow wliat tlie>;re spenc'lingevery month, but when tlicy go tbrougli a process of'

saving tlieir receipts and recording tl'ieir expeitses, they're

surprised at what they learn. For at least three months,

keep track o(all your spending. Note necessary costs like

groceries, as well as giffs, eating out and savings. Record

everything. Itas important to l<now not oi'+ly wliat you

spend, butwliatyou spend it on.

How will your spending change

n retirement? Do you dream of

traveling? Plan to move out of

state?

Wliile some costs, like traveling to aiid rromwork, sliould

clecrease, otlier factors may briiig additional expenses.

Consider tlic cc'ists of a cross-country trip, or tlic

possibilit)i of' inedical needs or illnesses tliat necessitate

long-term care. It's iinportant to Lie realistic aLiout your

retirement goals and lifestyle needs wlien calculating

retiren'ient incoine. Tlie financial professionals at our firm

can lielp make sure you donat overlook something that

coulc4 ;Jectyour lifestyle in retirement.

Will family issues affect

your spending?

WMe we hope our children will tie grown, gainfully

einployed and pursuing tlieir dreains wlien we retire, tliat

may not be your reality. If' you liave an adult cliild or a

grandcliild to support,it maycliange tliewayyou lilan forretirement income. Also, it's important to consider the

complexities tliat may arise if vour spouse svere to die,

includinglostincome .:uid taxiinplications.Worl<ingwitl'i

a tay advisor, we can help )iou prepare for all these tliings.

Will your taxes be higher or

lower in retirement?

Predicting ta.y policy is a trick7 business, but there are

some tl'mgs For wliicb you can prepare. For instance, if'

youl'iave alot ofassets iii pre-ta.yretire+'nent accounts, any

aistriLiutio+is f'rom those accounts could PLlSl'l you into a

liiglier tax bracket. Or, if you aren't witMrawing fi'oin

thr+t,p ,in-nnntt; .inni'nnri.itplv vnn m;iv inrm' lyll;iitjp<t t r r' r i +

Workiiigwitli a financial prof'essional f'rom our team and

a tax advisor can liclp you prepare For any future tax

clianges ancLtvoid unnecessary taxes or pen.'ilties

How could inflation impact

your retirement assets?

We canat predict tlie future, but it seems reasonable to

preparc for increases in inflation over tlie course of'

rctircment. It doesn't take Ic'ing for even 5111.111 cliangcs in

inflation to add up. This shoild be fiictored into yoir

retirement incoine strategy, and we can help you identify

strategies to address tlie potential impacts of' inflation on

vour retirement assets.

How long will you live?

If we knew tlie answer to this question, planning for

retireinent iixcome wouU Lie inuch easier. Life

expectancies will vary, but ui general, people are liviiig

longer than ever before. That means your retirement

could last inucli longer tlian your parentsa oi-

grandparents' retireinents. Tlie longer you live, tlie incire

Factors like l'iealtli care costs and inflation are likely to

impact your retireinent income. We can lielp you

approxiinate >iorir lif'e expectancy anc{ help yc'ui prepare

for tlte possiLiihty ofalongUe ai'id longretireinent.

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'v%e aie an lndependent fin:'inclal servlces flum lialp)ng li'd!vldutln ayiuetetiiementstrategiesusingavarictyof'investmcntand insuruiceptoclucts to

uistom sult thelr needs :irid obJectlveg

Invebtinginvolves risk,uichidingthe potcntial loss ofpiincipal

Our him Is not pepmltted to cifF'er av 5i' legal a5{iice Indlvlduals are

incgiiragiffl g;i conav!i wiih v @uali%d @vg&gaisinal harps makmg U!!Y

deaisigns nbeuttMp liepseu'utl qltuatleii,

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