1. MAPPING YOUR COURSE Presenter name Title
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The views expressed in this presentation are those of the speaker and are subject to change at any time. These views should not be relied upon as investment advice, as securities recommendations, or as an indication of trading intent on behalf of any other MFS investment product.
MFS does not provide legal, tax or accounting advice. Clients of MFS should obtain their own independent tax and legal advice based on their particular circumstances.
MFS Fund Distributors, Inc., Boston, MA
MFSP-MAPPING-PRES-0417

2. WILL YOU RETIRE ON YOUR OWN TERMS?
Have you put a plan in place to try and consistently increase your income during retirement?
Have you put a plan in place to assist your children or grandchildren financially?
Do you want or do you need to be involved in the financial care of your parents?
If something happened to you, are your plans in place?
What kind of legacy do you want to leave? And do you have a plan in place?
"He who spends time regretting the past loses the present and risks the future"  Quevado – a  16th Century Spanish Satirist  (thinkexist.com)
When you leave here today we want you to be embracing and preparing for the future, not risking the future.
We are going to focus on several very basic questions and strategies that will help you in formulating your plan to work towards retiring on your own terms, help assist your family financially, and to enjoy the life to which you are accustomed to living.
Let’s examine the questions that need to be addressed…..
The investments you choose should correspond to your financial needs, goals, and risk tolerance. For assistance in determining your financial situation, consult an investment professional.

3. HAVE YOU PUT A PLAN IN PLACE TO TRY AND CONSISTENTLY INCREASE YOUR INCOME DURING RETIREMENT?
INFLATION
We cannot ‘hope’ we have enough money to retire. ‘Hope’ is not a plan!! Or, to think that social security or your pension will be enough there to support you. While those are all key elements to consider in planning, you must take inflation into account. [CLICK] Do you realize how inflation can erode your purchasing power? Consider this, 26 years ago the average price of a gallon of gas was $1.34 (Source: and as of 12/26/16 the National Average for regular unleaded gasoline was $2.29 per gallon (Source: If you have investments that are returning less than the inflation rate you’re moving backwards all the time. Over time, inflation could erode your purchasing power if the return you earn on your money is less than the inflation rate.
Taxes: Can you guess what your greatest annual expense in retirement will be? What type of after-tax income will you need to live comfortably? [CLICK] If you live in retirement for twenty-five years can you see the need for a plan that increases your income over time?
Not planning: You need to determine:
When you want to retire. 2) How much income you will need. 3) What steps you can take now to get you closer to your goals. 4) What income sources will you have available? 5) Will you outlive your assets?
Two strategies to consider that may help you to NOT outlive your savings:
• Maximize What You Are Saving
• Protect The Assets You Have
Work with a financial advisor to understand how to better plan for, help protect, and distribute your retirement income whether you are still working or already in retirement:
Some examples of what your advisor may help you with, depending on your circumstances:
If working:
Can you (should you) spend less/save more?
Maximize your contributions to your employer sponsored plan or an IRA?
Implement catch‐up contributions if over 50?
Consider (or continue to fund) a Roth (IRA and/or 401(k))?
Build a plan that can help your future retirement income stay ahead of taxes and inflation?
Prepare your retirement assets for some of life’s “risk points:” changes of employment, retirement, inheritance
If working or retired:
Do you have (and know?) your retirement income and withdrawal policy?
Are you avoiding making common and costly IRA mistakes?
Do you (how often do you) review your portfolio to make sure you adjust it to your changing income needs, taxes and inflation?
Are your sources of income diversified?
Over time, the market changes, tax laws change, and you change. Plan to meet with your advisors regularly to make sure your plan meets your needs.
TAXES
NOT PLANNING

4. Start a business New home Wedding College costs
HAVE YOU PUT A PLAN IN PLACE TO ASSIST YOUR CHILDREN OR GRANDCHILDREN FINANCIALLY?
Start a business
New home
Wedding
Are you planning to assist your children in any way? What about your grandchildren? There are many different areas to consider. [CLICK] A down payment for a new home, wedding costs, assistance in starting a small business, college and many others. It may be through annual gifting, loans, 529’s or other means.
Let’s look at why a financial strategy or program may be necessary in planning for college expenses.(CLICK)
College costs

5. WILL YOU BE PREPARED TO PAY FOR COLLEGE?
Type of school
Public
Private
Yearly cost – now and future
How will cost be covered?
529
Government assistance
Gifting
School Aid
Personal/Child
Savings
$61k
$42k
Have you given thought to what college costs will be for your children or grandchildren? Here are some questions you should consider…
Private or public? The average cost for a private education is more than triple that of a public school,
With this in mind should some planning be in place for future college costs?
What will the yearly costs be? And how will you pay? Will your child be contributing? Will there be any assistance available from the government? Assistance from the school?
Most important, saving now can allow you to take advantage of several years of investment growth potential—before you are faced with the bills for tuition, fees, and room and board.
Segregate your savings              
Consider not tapping into your retirement dollars to pay for college.
Talk to Advisor about establishing a “family education legacy.”
Consider a 529:
No matter who you are — parent, grandparent, aunt, uncle, or family friend — you can establish a 529 plan to help a student with future college expenses. You can even set one up for yourself or with the help of your advisor if you are planning to go back to school. There are no age, income, or state of residency restrictions with a 529 Savings Plan. Some states may offer favorable tax treatments only to residents that invest in the 529 plan by that state. You should consult with your tax advisor. By making monthly contributions to a 529 plan, you will be taking a disciplined, tax-deferred investing route to funding college needs.
Several other thoughts to consider if you have children or grandchildren:
Make sure that you (or your adult children who are caring for your grandchildren) have named a guardian, in writing, to care for the children should the need arise.
Have a written, accessible record of key information for who ever might step in should there be an emergency: who’s authorized to pick up kids from school, pediatrician information, care giver numbers, key dates and things to do/know.
Review your beneficiaries.
When children turn 18, Health Care Directive.
Involve the children in (teach them about) giving or sharing that’s important to you.
Source: MFS calculations based on data from College Board’s Trends in College Pricing 2015, using average tuition and fees for only a four-year period. Calculations assume private college costs will increase 5.0% per year and public college costs will increase 6.8% per year on average.

6. ARE YOUR PARENTS LIVING?
If one or both are living, is there a need to:
Assist in handling their financial affairs?
Get information on taking proper care of aging parents?
Help with their planning needs?
Many baby-boomers are part of what is called the sandwich generation. This is the generation that is sandwiched between taking care of parents and taking care of children because of longer life expectancy. Not only may you be assisting your children and grandchildren but perhaps one or both of your parents and your spouses parents are living long lives. You most likely will be called upon to assist them in their daily lives. In addition, how do we prepare with the rising cost of healthcare and understanding medicare? Do you understand and have a grasp on social security? There are multitudes of things facing the sandwich generation.
Stats:
Care giving:
34.2 million adults (estimated 14.3% of all U.S. adults) in the United States who have been a caregiver to an adult age 50+ within the prior 12 months. Among caregivers of someone age 50+, three in 10 report their loved one suffers from a memory problem, and one in five (19%) indicates his or her care recipient has an emotional or mental health problem.
(Source: AARP Public Policy Institute/National Alliances for Caregiving, June 2015) (
Care costs:
$3,628 average monthly rate for Assisted Living Facility2 versus Nursing Home Care1 average monthly rate for semi-private room of $6,844. (Source: Genworth 2016 Cost of Care Survey, conducted by CareScout®, April 2016) 1 Based on annual rate divided by 12 months 2 As reported, private, one bedroom (
3 things you can do:
Talk to your financial advisor:
Review LTC options (any for parents?, then for self)
Segregate you savings (if you will need to financially support)
Talk to a legal advisor
Review your own trust/estate plan: financial support for your parents in the event you pass first?
Talk to your parents
“Mom, Dad, in the event that something happens to you…”
Durable POA?
Parent’s advisors and caregivers names and numbers (how to reach)?
Should/can you be introduced to them now?
For the Durable POA: Checkbooks, statements and Records?
Medical directives: in place?

7. IF SOMETHING HAPPENED TO YOU… ESTATE AND LEGACY PLANNING
Do you have a will or a trust?
How can you be sure your wishes will be honored?
Will your assets pass efficiently to your heirs?
Death or disability: consider and plan to prepare for the future.
Be honest with yourself when you look at these questions. Advisors tell us that it is alarming how many plans need to be updated. It is not uncommon to find IRA’s, 401k’s and other instruments where the beneficiary is outdated. Examples might be an ex-spouse or someone who has already passed on. Are your plans up to date? Where do you start? A financial planning , tax and/or estate planning professional can help you with all of these issues and can also help determine strategies that may reduce estate taxes and make sure your heirs receive as much of your assets as possible in addition.
A survey from RocketLawyer.com, a legal services web site, found that 55% of Americans with children do not have a will. (April, 2014).
1) Create a will
Have you "organized your records" and developed and shared your plan for what needs to be done if you become disabled or die? Is someone armed with the information they would need to settle your affairs, or step and in and care for your minor children on a moment's notice?
2) Update and review beneficiary designations Beneficiary designations should be reviewed periodically and kept up to date (especially after major life events such as births, deaths, marriages and divorces). If beneficiary designations for such things as retirement accounts or insurance policies are outdated or inaccurate, your assets may pass to people you did not intend to benefit. (Source: HP-EPSTEPS-FLY-3/ ) Make sure your beneficiaries know who your advisor is, and ideally have them meet when you are comfortable with that.
3) Establish health care directives Document which types of treatment you would and would not want, you can also designate a “health care proxy” who will be authorized to make medical decisions for you if you are incapacitated. The rules governing health care directives vary from state to state and can be affected by federal law. (Source: HP-EPSTEPS-FLY-3/ )
4) Consider a power of attorney
It is important to be certain that your financial affairs will be managed if you become disabled. Talk to your estate planning professional about creating a durable power of attorney that authorizes someone you trust to handle financial matters. Be sure to have your documents reviewed periodically to make sure they are up to date and comply with current laws. (Source: HP-EPSTEPS-FLY-3/ ) 5) Establish a trust One of the primary purposes of a trust is to avoid probate, which may mean that your estate can be settled more quickly and at a lower cost. Perhaps more important to some individuals is that a trust be private, whereas probate proceedings are a matter of public record. Because there are several types of trusts, you should contact an estate planning professional to determine which type of trust is right for you. (Source: HP-EPSTEPS-FLY-3/ ) 6) Plan for the distribution of your retirement assets
It is important to plan carefully when completing the necessary beneficiary forms. If you are participating in an employer-sponsored retirement plan from which you are eligible to receive benefits, be sure to keep plan administrators advised of your current address and keep your beneficiary designations up to date. Also, make sure your beneficiaries know about any plans from which you may have benefits coming. You may want to ask your financial advisor or estate planning professional whether it makes sense for you to consolidate your retirement assets by rolling them over to an Individual Retirement Account. An IRA may provide long-term distribution opportunities that may not be available from an employer’s plan. There are advantages and disadvantages to an IRA rollover depending on investment options, services, fees and expenses, withdrawal options, required minimum distributions, tax treatment and your unique financial needs and retirement plans. Please be aware that rolling over retirement assets into one IRA account could potentially increase fees as the underlying funds may be subject to sales loads, higher management fees, 12b-1 fees and IRA account fees such as custodial fees. Your advisor can assist in determining if a rollover is appropriate for you. (Source: HP-EPSTEPS-FLY-3/ )

8. DO YOU WANT TO LEAVE A LEGACY?
ENDOWMENTS
YOUR LEGACY
RELIGIOUS ORGANIZATIONS
FOUNDATIONS
Leaving a legacy in the community is important to many people. Is there a charity, endowment, foundation or religious organization you feel deeply about? Your advisors (financial, tax and legal) can help you in setting up the best way to establish an ongoing memory in a cause close to your heart.
CHARITIES

9. BECAUSE IN THE END… SLEEP COUNTS!!
In the end, you don’t want to lie awake worrying about your investments. Make sure you look at what’s best for you, and your family. Your financial advisor has the experience to help you own the investments you are comfortable with and that match your goals, objectives, and risk tolerance.
Work with an advisor to help you put a plan in place.
For DOD: What keeps you up at night checklist:

10. STAY ON YOUR COURSE ON THE ROAD TO RETIREMENT… AND SLEEP WELL!!
Implementing and updating your plan will help keep you on course and on the road to retirement by avoiding wrong turns. Please keep in mind that tax and estate planning issues can be complicated. One of the best ways to make the most of your retirement savings is to work with a qualified professional.

11. Thank you .