1. Retirement Planning F3eF3eF3eF3e The Foundation for Financial Education -Presents- A Financial Education Workshop A 501(c)(3) Nonprofit Organization f3e f3E

2. Retirement Planning Eroding factors: f3Ef3E f3Ef3E Eroding Factors 1 Volatility Volatility Lost opportunity costs Lost opportunity costs Lawsuits Lawsuits Umbrella Umbrella Interest rates Interest rates Taxes Taxes Inflation Inflation Death Death Disability Disability Fees & expenses Fees & expenses

3. Retirement Planning f3ef3e f3ef3e

4. Taxes & Inflation Your tax bracket Your tax bracket Tax-free Tax-free Tax-deferred Tax-deferred Roth Roth Conversions Conversions $1,000,000 example $1,000,000 example Tax shelters Tax shelters f3Ef3E f3Ef3E 2

5. Retirement Planning f3ef3e f3ef3e

6. Legacy-Planning Issue f3Ef3E f3Ef3E 3 Survivor benefit pension Trusts Beneficiary designation Charitable Remainder Trusts Revocable Living Trusts Life insurance

7. Retirement Planning f3ef3e f3ef3e

8. Sources of Retirement Income The above chart represents a breakdown of typical income sources for a current retiree. f3ef3e f3ef3e 4

9. Retirement Planning f3ef3e f3ef3e

10. What will they be when I’m retired? Source: Hilliard Lyons f3ef3e f3ef3e 5

11. Retirement Planning f3ef3e f3ef3e

12. Eroding factors: Mortgage Strategies in Retirement f3ef3e f3ef3e 6 15-year vs. 30-year 15-year vs. 30-year Paying extra Paying extra No mortgage vs. large mortgage No mortgage vs. large mortgage Reverse mortgage Reverse mortgage

13. Retirement Planning f3ef3e f3ef3e

14. Eroding factors: Estate Planning f3ef3e f3ef3e 7 Avoiding probate and taxes Avoiding probate and taxes The three parts to a Will The three parts to a Will Revocable living trusts Revocable living trusts Beneficiary designations Beneficiary designations Long-term care and protecting your assets Long-term care and protecting your assets Gifting Gifting

15. Retirement Planning f3ef3e f3ef3e

16. Eroding factors: Reducing taxes Reducing taxes Mitigating liabilities by increasing protection Mitigating liabilities by increasing protection Spend more / enjoy more: can’t live or outlast! Spend more / enjoy more: can’t live or outlast! Results of avoiding financial blunders Results of avoiding financial blunders Maximizing wealth Maximizing wealth Minimizing risk Minimizing risk Exit Strategy f3ef3e f3ef3e 8

17. Retirement Planning f3ef3e f3ef3e