1. Retirement Planning FEP The Financial Education Partnership -Presents- A Financial Education Workshop A 501(c)(3) Nonprofit Organization fep fEp

2. Retirement Planning Eroding factors: fEP FEP 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

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4. Retirement Planning 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 FEP 2

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

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

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

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12. Retirement Planning Eroding factors: Mortgage Strategies in Retirement FEP 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

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14. Retirement Planning Eroding factors: Estate Planning FEP 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

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16. Retirement Planning 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 FEP 8

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