1. Retirement Road Map Presented By: How Much Do I Need To Retire? Metropolitan Life Insurance Company, New York, NY 10166L0309026391[exp0310][All States][DC,GU,MP,PR,VI]

2.  Three Key Questions for Retirees  Shifting from Accumulation to Income  Addressing Your Retirement Income and Managing it in Phases  Road Map Steps to Guide You Through Your Retirement Lifestyles  Discuss Possible Solutions to Income Gaps in Retirement  Key Concepts Today's Agenda

3. Retirement – Some Common Pitfalls MSN Money: 7 pitfalls retiring baby boomers must avoid (2008)7 pitfalls retiring baby boomers must avoid Underestimating your life expectancy Fidelity Investments has found that the chances of one member of a couple living past 90 are about 50%. Assuming you’ll be able to work as long as you want 40% of retirees say they left the workplace earlier than they'd planned, often because of illness, disability or layoffs. Failing to factor in health-care costs A 65-year-old man faces a 27% chance of needing long-term care, while the same age woman has a 32% chance. Together, a couple has a 50% chance of having a long-term care 'event' and the average cost is about $150,000. Failing to get a second opinion Today's distribution rules and strategies for retirement accounts are mind-numbingly complex. Most of today's financial advisors have been focused on helping folks accumulate income for retirement, and may not be up to date on the best ways to tap that income.

4. Some decisions made as you approach and begin your retirement must last a lifetime. Retirement Road Map will address the three key questions all retirees need to answer!  How much will I need in retirement?  How long of a retirement should I plan for?  What risks do I need to consider? WARNING! Directions available Retirement Road Map Provides Peace of Mind

5. Accumulation Invest and manage your money Distribution Turn assets into lifetime income Manage risks, not just money Make the most of what you have *Remember, the need to keep accumulating doesn’t end in the distribution phase! * Shifting Gears from Accumulation to Income

6. The investment philosophies with which you have become familiar will change How Do We Get Started? Retirement planning can be like planning a journey to a new destination—a place where thinking is different

7. You will need to make decisions about your pension and retirement plans that can affect your income for the rest of your life “Should I begin Social Security immediately when eligible, ……or wait a few years and permanently increase my benefit?” “Will I enjoy relaxing or will I enjoy an active retirement?” These decisions determine your retirement lifestyle changes and what changes should be considered How Can You Manage Your Long Retirement? ….in Lifestyle Phases

8. Generally, the longer the time horizon prior to a given phase, the more aggressive you can be with those assets to fund that phase Your activity level is almost the same as before retirement: Work is replaced with more travel, hobbies, activities, etc. Assume 70%* for Basic needs and 20%* for extra activities Activities decrease: Less travel, hobbies, and other activities. Assume 70%* for basic needs and 10%* for extra activities More risk, and the opportunity for greater returns, can be taken with assets set aside for later phases of your retirement * % of Retirement Income How Can You Manage Your Long Retirement? ….in Lifestyle Phases

9. As you enter the later phases of your retirement, the assets intended for those phases should be allocated to investments providing predictable income Assets for each future phase, which now have a closer time horizon, should be invested with less risk The lifestyle costs after losing your partner are usually at least 60%* of pre- retirement income Activities decrease further, often due to health and other physical limitations: Assume 70%* for basic needs, and no extra activities * % of Retirement Income How Can You Manage Your Long Retirement? ….in Lifestyle Phases

10. Determine the likely duration of your retirement phases Examine lifestyle requirements for each phase Determine sources of retirement income Calculate remaining requirements Start your journey    Retirement Checklist and Game Plan  

11.  Step 1 Address how long you think your retirement will be and how long your phases will last  Step 2 Understand the differences between “Needs” and “Wants” Let’s Map Out Your Story in Steps

12.  Step 3 Look at your your income sources. Possibly uncover additional sources of income in case we can’t solve 100% of your retirement income needs with your current assets set aside for retirement.  Step 4 See what your issues are and discuss how we may be able to help solve those issues  Step 5 Begin to put solutions into action Let’s Map Out Your Story in Steps

13. How Long Will Your Retirement Last? Step 1 How long should I plan for?  Your family tree is often a good indication of how long you will live.  Do many of your relatives live to a long age?  How likely are you to live even longer?

14. How Much Will You Need? Step 2 A sufficient retirement “nest egg” is based on:  How long you will live  Your lifestyle expenses  Inflation during your retirement  Earnings and growth of your ‘nest egg”

15. Sources of Retirement Income Step 3  Pension Benefits From Previous and Current Employers  Social Security Benefits  401(k) Plan Or IRA Assets  Personal Savings And Investments Set Aside For Retirement  Annuities or other income  Government benefits  Other How do these assets work together to achieve your goals?

16. Income less Sources = Remaining Requirements Step 4

17. Consider Solutions Step 5 Consider implementing “Guarantees”, especially for income gaps… …and, protection and benefit replacement for expected or unexpected occurrences

18. Invest in Phases and Adjust Your Asset Mix Step 5  Income needs are calculated by Retirement Phases.  You shift investments over time based on the retirement phase.  The key is having conservative assets for income in each phase.

19.  The financial risks you face, and decisions you make, will change as you shift from the accumulation phase to the distribution phase of retirement planning  Luckily, a Retirement Road Map will help guide your retirement income strategy by: Determining your retirement GOALS Identifying your retirement EXPENSES and WANTS Knowing the SOURCES of retirement income Comparing those expenses or NEEDS to income SOURCES Identifying the GAPS between your needs and income sources by turning assets into income and determining the best distribution method Exploring ways to close any GAPS And, maintaining the proper asset mix through the retirement phases Today’s Key Concepts

20. Well………. Are You Ready to Take the First Steps in Mapping Out Your Retirement Journey? …..If So, You Can Start By Answering 6 Basic Questions See Me For Details

21. What questions do you have?