Personal Retirement Analysis - cdn2

IMPORTANT: The illustrations or other information generated by this report regarding the likelihood of various investmentoutcomes are hypothetical in nature, do not reflect actual investment results and are not guarantees of future results.

No Roth Conversion

Personal

Retirement

Analysis

Stuart & Sandy Samplefor

A Registered Investment Advisor

2430 NW Professional Drive

Corvallis, OR 97330

www.moneytree.com

877-421-9815

Asset Advisors Example, LLC

Prepared By

John Smith

3/1/2015

Table of ContentsIntroduction 2

Introduction (text) 3

Cash Flow Planning (text) - A1 4

Personal Statistics 5

Assumptions - A2 6

Assumptions Continued - A2a 7

Net Worth - A3 8

Net Worth Graph - A3a 9

Asset Details - A4 10

Personal Property Detail - A5 11

Liability Detail - A6 12

Insurance Detail - A7 13

Miscellaneous Insurance - A8 14

Personal Expense - A9 15

Affordable Care Act - A10 16

Notes - Audit Trail (text) - A11 17

Cash Flow 18

Cash Flow Management (text) - B1 19

Cash Flow Needed vs Available Graph - B2 20

Sources of Funds Graph - B3 21

Annual Expenses Graph - B4 22

Cash Flow Chart (text) - B5 23

Current Year Cash Flow - B6 24

Future Year Cash Flow - B6a 25

Cash Flow Illustration - B7 26

Annual Expense Illustration - B8 27

Earned Income - B9 28

Pension and SS - B10 29

Other Income/Expense Detail - B11 30

Other Income/Expense - B12 31

Financial Goals - B13 32

Life Insurance Summary - B16 33

Other Ins Premiums - B17 34

Loans 1 - B18 35

Loans 3 - B18b 36

Loans By Owner - B18c 37

Allocation of Cash Flow - B19 38

Assets 39

Asset Accounts (text) - C1 40

Investment Returns (text) - C1a 41

Account Summary Graph - C2 42

Account Summary - C3 43

Total Assets - C3a 44

Taxable Account - C4 45

Equity and Other Accounts - C5 46

Capital Gains Worksheet - C6 47

Capital Gain/Loss Carryforward - C6a 48

Tax-Free Account - C7 49

Tax-Deferred Account - C8 50

Retirement Account 1 - C10 51

Retirement Account 2 - C10a 52

Roth Indiv. 1 - C11 53

Roth Indiv. 2 - C11a 54

Retirement Plan Summary - C13 55

Asset Allocation - C18 56

Asset Allocation Graph - C19 57

Allocation Worksheet - C20 58

Risk (text) - C21 59

Liquidity Graph - C22 60

Liquidity - C23 61

Income Tax 62

Income Tax Calculation (text) - D1 63

Income Tax Planning (text) - D1a 64

Income Tax Chart (text) - D2 65

Income Tax - Current Year - D3 66

Tax vs Income Graph - D4 67

Tax vs Expense Graph - D5 68

Tax Summary - D6 69

Taxable Income Analysis - D7 70

Dividend, Capital Gain Sources - D7a 71

Federal Income Tax Worksheet - D8 72

Adjustments to Income - D9 73

Itemized Deduction and Exemption - D10 74

Itemized Deduction Phaseout - D11 75

Alternative Minimum Tax - D12 76

Early Distribution Taxes - D13 77

Additional Tax/Credit Worksheet - D14 78

FICA Worksheet- D15 79

Taxable Social Security - D16 80

State Tax Worksheet - D17 81

Taxable Earned Income - D18 82

Summary 83

Retirement Summary - F1 84

Retirement Estimate Graph - F2 85

Retirement Capital Estimate - F3 86

Monte Carlo - F4 87

Monte Carlo Details (text) - F5 88

Standard Deviation (text) - F5a 89

Net Worth - F6 90

Personal Assets - F7 91

Withdrawal Rates - F8 92

Withdrawal Rate Graph - F8a 93

Input Data 94

Personal, Assets 95

Ret Acct, Residence, Debts, Expenses 96

SS, Income, Pensions 97

Tax, Insurance 98

Other Income / Expenses 99

Personal Expense Detail 100

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Securities offered by Asset Advisors - a Registered Investment Advisor

Introduction

A summary of the assumptions used in this analysis, a description of thepurpose of the reports and a listing of assets, insurance and other details.

Page 23/1/2015


Income required annually:

Introduction

Planning for your retirement years requires consideration of many variables. This report will help you visualize thepotential future changes in your income and assets by projecting your needs and resources ahead on a year byyear basis.

No Roth Conversion

Living expensesInsurance premiumsDebt paymentsSaving and investment contributionsInflationary effects

This report is not intended to predict what will actually happen, but is only an illustration based on theassumptions contained in the report. No guarantee of future performance is implied or intended and no specificinvestments or financial products are represented in the reports.

Among the areas considered in the report are:

Earned incomeInterest and dividendsSocial SecurityPension and other retirement plansOther income (inheritances, gifts, stock options, etc.)

Income sources:

TaxableTax-DeferredTax-FreeEquity or Other accountsQualified plans (IRA, Profit sharing, etc.)

Asset accounts:

Using actual tax ratesIndexing of tax brackets and exemptionsAlternate minimum taxState Tax estimates

Income taxes:

Although this report should prove helpful in visualizing the possibilities for your financial future, you should keepin mind that your actual results will undoubtedly differ from those shown.

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No Roth Conversion

Cash Flow Planning

Cash Flow Planning

This financial analysis has been prepared with the objective of illustrating your present and future cash flows,integrated with your assets and income taxes.

Cash flow planning is designed to account for all sources of income and expense, and to illustrate the impact thatany surpluses or shortages might have on the ability of your assets to last through your life expectancy. Thismethod of planning is sometimes referred to as an "optimized" approach.

A1

Each year your income sources are compared to your annual expenses. Any surplus of spendableincome is automatically added to your savings and investments starting in the first year. If there isa shortage of spendable income, the amount needed to make up the shortage is withdrawn fromyour asset accounts. This approach is intended to reflect what would happen if you are managingyour funds in an optimal manner.

What do we mean by "Optimized" planning?

Cash Flow

Every year your savings and investment accounts will have potential interest, dividends, capitalgains or appreciation. The cash flow analysis makes the assumption that, unless otherwiseindicated, the entire rate of return is reinvested into the account. This approach optimizes thepotential growth of each asset account. Taxes are not charged to the earnings on the account, butinstead are added to your personal expenses.

Assets

Since income and FICA (Social Security) taxes can represent a substantial part of your annualexpenses, the "optimized" planning approach carefully computes your tax burden every year. Theanalysis uses the actual IRS tax rate tables including annual adjustments for "indexing" the ratebreakpoints and standard deductions. For high income taxpayers, itemized deductions andexemptions are phased out. Separate tax treatment is provided for dividends, capital gains,alternate minimum tax, the taxable portion of social security income and other areas wherespecial treatment is required. The result is that, instead of showing a "guesstimate" of your annualtaxes, the analysis provides a more accurate yearly indication of future potential taxes.

Taxes

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Personal Statistics

Stuart Sample and Sandy Sample

3/1/2015

Birth DateFamily Member Age

No Roth Conversion

10/5/1954Stuart Sample 60

6/8/1957Sandy Sample 57

Employment

SandyStuart

This presentation provides a general overview of some aspects of your personal financial position. It is designed toprovide educational and/or general information and is not intended for specific legal, accounting, investment, income tax

or other professional advice. For specific advice on these aspects of your overall financial plan, consult with yourprofessional advisors. Asset or portfolio earnings and/or returns shown, or used in the presentation, are not intended to

predict nor guarantee the actual results of an investment product.

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Assumptions A2

No Roth Conversion

01-Mar-15Prepared for Stuart & Sandy Sample

The following basic information was used in preparing the reports. Other assumptions may havebeen used in preparation of this projection which are not shown here.

Basic Plan Assumptions:

SandyStuart

5760Current Age

6065Retirement Age

$122,000$165,000Annual Salary

Self employed income

6567Age to start Soc. Sec. benefits

$200Monthly Pension benefits

Personal Savings and Investment Accounts

This section includes amounts in your current savings and investment accounts.

Amount Additions RateAsset Accounts

Monthly Interest

Rate

Dividend

Rate

Cap Gain

Rate

Appr.

Taxable (at ordinary rates) 6.00

Equity & other 565,000 75 1.88 1.881.881.88

Tax-deferred 6.00

Tax-free 5.75

Retirement Accounts:

This group includes tax deductible retirement plans like IRA, 401(k), profit sharing, etc.

AdditionsPers./Comp.Amount Rate of Ret.

693,500Stuart 7.502,000 / 1,100

477,300Sandy 7.502,000 / 610

Roth IRA and Roth 401(k) Accounts:

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Assumptions Cont.No Roth Conversion

Current Living Expenses:

$50,000

Average Per year Per month

$4,167Personal expenses*

4,160 347Insurance premiums

45,600 3,800Debt payments

33,160 2,763Asset account

48,000 4,000Ret. account deposits

Other exp. & stock opt.

42,943 3,579Itemized deductions

Mortgages & Loans:

Basic personal monthly expenseamounts at selected ages *

Age InflationAmount

Income tax and FICA 6,71880,621

70 4,167

75

4,167

4,16760

65

4,167

80 4,167

3.60%

3.60%

3.60%

3.60%

3.60%

$304,484 $25,374Total expenses * In today's dollars, does not includeinsurance, debts, taxes, etc.

Investment Loans

Investment Real Estate

Per monthAmount

Credit Cards

Auto Loans

$3,800Totals $472,000

Personal Loans

Other Liabilities

Residence Mortgage

RV and Boat Loans472,000 3,800

Assumed cost of living increase factor for Social Security benefits = 2.00%

Life expectancy for Stuart is age 91.

Other Assumptions:

State income tax estimate is based on OR state tax tables.

Life expectancy for Sandy is age 90.

Joint income tax filing status.

Inflation (index) rate for income tax table breakpoints = 2.00%

A2a

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Net Worth Statement A3

No Roth Conversion

ASSETS

Stuart Sandy Joint / CP Trust/Oth. TotalOrdinary Interest Accounts:

$12,450 $2,850Insurance Cash Value, Dividends $15,300

Total $12,450 $2,850 $15,300

Equity (Investment) Accounts:

565,000Exchange Traded Fund 565,000

Total $565,000 $565,000

Retirement Accounts:

693,500 477,300401(k) accounts 1,170,800

Total $693,500 $477,300 $1,170,800

Personal Use Assets:

85,000Autos 85,000

Total $85,000 $85,000

Real Estate Assets:

1,632,000Residence 1,632,000

Total $1,632,000 $1,632,000

$650,000 $3,468,100Total Assets $2,337,950 $480,150

Stuart Sandy Joint / CP Trust/Other TotalLIABILITIES($472,000)Residence mortgage ($472,000)

(2,500)Life insurance loans (2,500)

($2,500) ($472,000) ($474,500)Total Liabilities

NET WORTH $2,335,450 $480,150 $178,000 $2,993,600

Note: Assets held in a Revocable Trust are included in the grantors assets.

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Net WorthNo Roth Conversion

A3a

The Net Worth graph illustrates the amount of your assets, including savings, investments, retirement accounts,and personal assets, less liabilities such as mortgages, loans, credit card balances, etc.

Your objective should be to measure your net worth on a regular schedule in order to assure that you areimproving your financial strength.

A3

Investment accounts 565,000

Retirement accounts 1,170,800

$3,468,100Assets:

$15,300Ordinary income accounts

Net Worth $2,993,600

1,632,000Real estate

Personal assets 85,000

Less Debts ($474,500)

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Asset Detail

Rate of Return %

RetAppr.NameMonthly

AdditionsAccount

Value OwnerInter. Div. CapG. GroupLiquid TypeClass

A4

No Roth Conversion

Joint$565,000 75 / 0 1.88 Liquid ETF1.88Joint Investments 1.881.88 Inc EqOther Yes

Sandy477,300 0 / 610 7.50 Liquid MF-StockSandy's 401k Gr Retire Yes

Stuart693,500 0 / 1,100 7.50 Liquid MF-StockStuart's 401k Gr Retire Yes

Stuart is maximizing retirement plan or Roth IRA deposits. Sandy is maximizing retirement plan or Roth IRA deposits.

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Personal Property DetailsNo Roth Conversion

A5

ValueDescription Rate %Owner

Appreciation

JointCars (5.00)$85,000

StuartPrimary Home 2.001,307,000

StuartVacation Home 2.00325,000

$1,717,000Total

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Liability DetailNo Roth Conversion

A6

BalanceOwed toDescription RatePayment

Interest

Mortgage BofA $472,000 4.37$3,800

Totals $3,800$472,000

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Insurance Detail

Insured Description Company Owner Beneficiary Amount Premium Value Amount

A7

No Roth Conversion

LoanCashAnnualFace

Sandy 5 year term ANLIC Sandy Stuart $75,000 $375

Stuart Whole Life Met Life Stuart Sandy 100,000 1,900 12,450 2,500

Sandy Whole Life NWML Sandy Stuart 60,000 650 2,850

$1,900$100,000 $2,500$12,450

PremiumAmount AmountValue

$1,025$135,000 $2,850

Stuart

Sandy

TotalsLoanCashAnnualFace

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Miscellaneous Insurance

Insured DescriptionCompany Type Premium

No Roth Conversion

A8

Annual

Indiv1 Auto PremiumStuart $200Auto

Indiv1 Disability PremiumStuart 450Disability

Indiv1 Other PremiumStuart 385Homeowners, P&C, Other

Indiv2 Auto PremiumSandy 200Auto

$1,235 Total

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Personal Expense Detail

Description Rate

No Roth Conversion

Current Amounts

A9

Increase

AnnualMonthlyExpenses $4,167 $50,000 3.60

$50,000

Note: Dollar amounts and increase rates are for the current year.

$4,167Totals

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Affordable Care Act A10

No Roth Conversion

The Affordable Care Act (ACA) was signed into law in 2010 and significantly changes the health insurance industrythat Americans have known for the past several years. Health insurance is now available at state exchanges which alsohelp determine eligibility for the Advanced Premium Tax Credit. The ACA introduces two new taxes and two newcredits. The ones that impact individuals are discussed in detail below. Not discussed below are the new EmployerShared Responsibility Tax and the Small Business Health Insurance Tax Credit.

Advanced Premium Tax Credit (APTC)

The ACA includes a new advance credit for families that meet certain requirements including buying their healthinsurance through the official health exchange. The amount of credit depends on the Modified Adjusted GrossIncome of the family. For this purpose MAGI includes non-taxable municipal bond income, non-taxable foreignearned income, and non-taxable Social Security Income. The credit sets a maximum for the cost of the benchmarksilver plan as a percent of MAGI, it is then compared to the actual cost of the benchmark silver plan and thedifference is the credit. This credit is paid directly to the health insurance exchanges to lower the monthly premiumcosts. If the credit is over/under paid, annual taxes are adjusted accordingly.

100%

FamilySize 133% 150% 200% 250% 300% 400%

Percent of Federal Poverty Level and related APTC benchmark

1 17,50515,52111,670 23,340 46,68035,01029,175

2 23,59520,92115,730 31,460 62,92047,19039,325

3 29,68526,32119,790 39,580 79,16059,37049,475

4 35,77531,72123,850 47,700 95,40071,55059,625

5 41,86537,12027,910 55,820 111,64083,73069,775

6 47,95542,52031,970 63,940 127,88095,91079,925

7 54,04547,92036,030 72,060 144,120108,09090,075

8 60,13553,32040,090 80,180 160,360120,270100,225

Each add'l 6,0905,4004,060 8,120 16,24012,18010,150

Benchmark Premium Limit 4%3%2% 6.30% 9.50%9.50%8.05%

Your Modified Adjusted Gross Income is too high to qualify for the Advanced Premium Tax Credit

Individual Shared Responsibility Tax (ISRT)

In order to make sure that not only the sick who sign up for health insurance under ACA the law includes a new taxapplicable to those who do not own health insurance. This is commonly called the Individual Mandate as the attemptis to mandate or command that all Americans buy health insurance. The idea is that if only the sick buy insurancethen companies will raise rates to cover the cost of health care spending by the sick, which will spiral into fewerhealthy people buying insurance and higher costs for insurance. There are some exemptions from ISRT including anearnings threshold.

Per PersonYear % of Income

Phase-In of Penalty Tax

$952014 1%

$3252015 2%

$6952016 2.50%

*2017 2.50%

Under 65Filing Status 65 and Over

9,750Single 11,200

12,500Head of Household 13,950

19,500Married Filing Jointly 21,800

15,700Qualifying widow(er) 16,850

3,800Married Filing Separate 3,800

To calculate ISRT add any tax-exempt municipal bond income as well as any amount excluded from income forforeign earned income or housing assistance to Adjusted Gross Income then subtract the applicable filing thresholdamount. This amount is then multiplied by the penalty percent. The tax due is the higher of this number or the perperson penalty amount ($95 for 2014).

Your potential Individual Shared Responsibility Tax is: $2,713

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Audit Trail Notes

The Audit Trail is used to help you find the source of all the numbers used in preparing your financial report. Thisreport consists of multiple pages covering three primary sections:

No Roth Conversion

The page numbers appear at the top right of each page. The summary page for each section has a singleletter - A, B, C, etc. Each following page in that section is identified by a letter/number combination - A1,A2, etc.

Graphs:

Cash Flow

Each of the sections includes a "summary" page, where you can visualize the results of your plan each year andsee what might happen under the assumptions of inflation, taxes and changes to your assets and income sources.

Each section includes one or more graphs that will give you a quick way to visualize the flow of income, assetsand taxes through the years.

Tracking Numbers:

In developing this plan, care has been taken to provide full documentation of the internal calculations and allowyou to track the source of each number. At the bottom of many columns you will find, in small type, a code thatwill indicate the source of the value in the column. The following notes will assist in understanding the meaningof the codes.

Page numbering:

On each page the columns are numbered consecutively from left to right (excluding age columns) at thetop of each column.

Column numbering:

Source Notes:

Columns where the source of the data is not obvious will include a legend at the bottom of the columnspecifying the source of the data. Examples of the source notes are shown:

A10

Asset Accounts

Income Taxes

An illustration of the sources of income and expenditures.

Savings, investments, life insurance and retirement accounts.

Estimates of income taxes each year.

A1 From report page A1

C5 From report page C5

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Cash Flow

An analysis of all cash income sources, expenses, and liabilities. Includes anestimate of social security, pensions, miscellaneous income or expense items,special financial goals or education funding requirements.

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Cash Flow Management

The management of your annual cash inflows and outflows is based on the following details.The various report pages will provide more specifics about the annual amounts and results.

No Roth Conversion

Cash Flow Surplus

In any year when there is a cash flow surplus, this surplus will be reinvested into your savings andinvestment accounts divided as shown below:

Cash Flow Shortage

If in any year the amount of expenses exceeds the spendable income available, the analysis will draw fundsfrom your savings and investment accounts to make up the shortfall. These funds may result in a taxableevent if money is taken from your equity and other accounts which have a cost basis less than the currentmarket value, or if it is necessary to take money from your retirement accounts because all other accountshave been depleted.

In case of a shortage, funds are drawn from accounts in the following order - taxable, equity and other, taxfree, tax deferred, tax deductible retirement accounts, and finally Roth IRA accounts. In some cases assetsmay be periodically rebalanced between accounts.

B1

– Taxable accounts (savings, CD, money market)

age 65 age 65

Each year the interest and dividends earned is computed on the various accounts, and these amounts areautomatically assumed to be reinvested into the account unless an option is elected to take the amounts incash and added to your spendable cash flow. On the following reports, the cash option will be indicated by acash distributions in the "Cash Withdrawal" column.

Interest and dividends

The amount you are required to pay for income taxes can vary every year, depending on the sources andamount of your income, and the adjustments and deductions available. In the analysis we have estimated allthe various income and deduction items to determine the taxable income each year, including considerationof ordinary taxable income, capital gains, AMT and other significant items.

Income Taxes

0% 0%

– Equity and other (stocks, mutual funds, real estate, etc.) 100% 100%

– Tax-Free accounts (municipal bonds and funds) 0% 0%

– Tax-Deferred accounts (annuities, non deductible IRAs, etc.) 0% 0%

The taxes are computed using real IRS tax rate tables, including indexing of the tax breakpoints using anassumed index rate of 2.00% per year. The amount of federal and state income tax and FICA (Social Security)tax is added to your annual expenses each year.

Before After

– Equity and other (stocks, mutual funds, real estate, etc.)

– Taxable accounts (savings, CD, money market)

– Tax-Deferred accounts (annuities, non deductible IRAs, etc.)

– Tax-Free accounts (municipal bonds and funds)

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Cash FlowNo Roth Conversion

B2

The bars in the above graph represent the amounts available from...

The line illustrates the annual expenses including ...

Earned income (wages & self employment)

Pension plans and Social Security

Misc - (inheritances, sale of residence, investment account systematic withdrawal plansor interest/dividends taken in cash, scheduled retirement account distributions orrequired minimum distribution amounts.)

If income from various sources exceeds expenses, the excess is reinvested in savings and investmentaccounts. If expenses are greater than income, it is assumed that funds required to meet such excessexpenses will be drawn from savings and investment accounts to make up the shortage.

– Personal living expenses– Life insurance and other premiums– Mortgage and debt repayment– Planned deposits to investments and retirement accounts– Miscellaneous expense items– Taxes

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Sources of FundsNo Roth Conversion

B3

Each year your spendable money will come from several different sources, as shown above. When your incomeneeded exceeds the funds available from earnings, pensions and Social Security, then withdrawals are made fromyour asset accounts or qualified retirement plans.

Salaries and self employment income.

Defined benefit pension plans and the total income from Social Security benefits.

Interest or dividends paid in cash or withdrawals from your investment accounts tomeet spending requirements.

Distributions from your qualified retirement accounts either to meet your spendingneeds, scheduled distributions, or distributions made to meet the IRS minimum distributionrequirements.

Other single year or multiple year sources of funds, excess proceeds from sale of yourresidence, or life insurance death benefits.

Earned

Pen/SS

Invest

Retire

Other

Page 213/1/2015


Annual ExpensesNo Roth Conversion

B4

Your annual expenses represent a number of different items, including personal needs, life insurance premiums,debt repayment, additions to savings and investments, other miscellaneous expenditures and taxes of varioustypes.

The graph should help you visualize the proportionate amount of your total outlay for each of these types ofexpenditures, and the changing mix over the future years.

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Cash Flow Chart

The following flow chart illustrates the logic used in your cash flow report, indicating the methods used toallocate annual surplus and shortages.

No Roth Conversion

SURPLUS - If there is a surplus of income after deducting expenses, then the surplus is divided between theTaxable, Equity/Other, Tax-Deferred, and Tax-Free accounts in the percentages shown.

SHORTAGE - if there is a cash flow shortage, funds are drawn from the accounts in order starting from the topdown. As each account is depleted, then the next account is used.

Earned IncomeInterest and Dividends

Pensions & Social SecurityMiscellaneous Income

Taxable

PersonalInsurance

Debt PaymentsSavings and investment additions

Income Taxes

Equity & Other

Tax-Free

Tax-Deferred

Qualified Plans *

Income

is drawn fromaccounts in the

order shown below

Shortage

Surplus

is divided asshown below

(Until age 65) (After age 65)

>>>>>

<<<<<

<<<<<

<<<<<

<<<<<

<<<<<

<<<<<

<<<<<

<<<<<

<<<<<

>>>>>

100% 100%

* Mandatory distributions start at age 70.5.

B5

Less Expenses

Page 233/1/2015


No Roth Conversion

Current Year Cash Flow B6

MonthlyAmount

AnnualAmount

Percent ofIncomeINCOME

$23,916 $287,000Salaries & Wages 89.90 B9

896 10,754Interest 3.37 D3

896 10,753Dividends 3.37 C6a

896 10,753Capital Gains / Losses (Sch D) 3.37 C6a

Total income available $26,604 $319,260 100.00

MonthlyAmount

AnnualAmount

Percent ofIncomeEXPENDITURES

$5,052 $60,625Federal and State Income Tax 18.99 D3

1,666 19,996FICA Taxes 6.26 D6

3,800 45,600Residence Mortgage 14.28 B 18

243 2,925Life Insurance Premiums 0.92 A7

32 385Homeowners & Other Insurance 0.12 A8

33 400Auto Insurance 0.13 A8

37 450Disability Insurance 0.14 A8

75 900Saving and Investment Additions 0.28 B8

4,000 48,000Retirement Account Additions (IRA, 401(k), TSA, etc.) 15.03 B8

2,688 32,260Reinvestment of Interest, Dividends and Capital Gains 10.10 C4...C8

1,330 15,963Charitable Contributions 5.00 D 10

2,040 24,480Property Taxes 7.67 D 10

208 2,500Medical Expenses 0.78 D 10

4,166 50,000Expenses 15.66 A9

Total spending and savings $25,370 $304,484 95.37

Cash flow surplus (Income less Spending) $1,234 $14,776

Note - Some income items may differ from amounts on the Cash Flow Projection report (depending on the cash/reinvestment options.)

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No Roth Conversion

Future Year Cash Flow at Stuart's Age 65 B6a

MonthlyAmount

AnnualAmount

Percent ofIncomeINCOME

$928 $11,144Interest 34.67 C4,C5,C7

928 11,144Dividends 34.67 C6a

821 9,857Capital Gains / Losses (Sch D) 30.66 C6a

Total income available $2,677 $32,145 100.00

MonthlyAmount

AnnualAmount

Percent ofIncomeEXPENDITURES

$152 $1,828Federal and State Income Tax 0.57 D6

3,800 45,600Residence Mortgage 14.28 B 18

305 3,670Life Insurance Premiums 1.15 B 16

38 459Homeowners & Other Insurance 0.14 B 17

39 477Auto Insurance 0.15 B 17

2,678 32,145Reinvestment of Interest, Dividends and Capital Gains 10.07 C4...C8

355 4,266Charitable Contributions 1.34 D 10

2,252 27,027Property Taxes 8.47 D 10

531 6,381Medical Expenses 2.00 D 10

2,027 24,333Other Expense (Stock Options, Educations Costs, etc.) 7.62 B 12

4,972 59,671Expenses 18.69

Total spending and savings $17,149 $205,857 64.48

Cash flow surplus (Income less Spending) ($14,472) ($173,712)

Note - Some income items may differ from amounts on the Cash Flow Projection report (depending on the cash/reinvestment options.)

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Cash Flow IllustrationNo Roth Conversion

Ages Total Sources

Scheduled Cash flow sources and Required Minimum Distributions

B7

Retire/RothAccounts *

EarnedIncome

Less LivingExpense &

TaxesSurplus

(Shortage)InvestmentAccounts *

Pension/SocSec Other Income

1 2 3 4 5 6 7 8

$287,00060 57 $287,000 ($272,224) $14,776

295,61061 58 295,610 (296,464) (854)

304,47962 59 304,479 (290,388) 14,091

180,30063 60 180,300 (213,874) (33,574)

185,70964 61 185,709 (219,339) (33,630)

65 62 (173,716) (173,716)

66 63 (151,193) (151,193)

67 64 34,038 34,038 (158,308) (124,270)

68 65 62,795 23,433 86,228 (158,662) (72,434)

69 66 64,051 23,902 87,953 (162,069) (74,116)

70 63,48967 67,732 131,221 (186,656) (55,435)

71 67,42468 69,087 136,511 (191,697) (55,186)

72 117,44669 70,469 187,915 (209,348) (21,433)

73 124,71370 71,878 196,591 (206,625) (10,034)

74 132,41571 73,316 205,731 (177,381) 28,350

75 140,57672 74,782 215,358 (185,095) 30,263

76 148,79273 76,278 225,070 (193,044) 32,026

77 157,92174 77,803 235,724 (201,896) 33,828

78 167,06375 79,359 246,422 (211,806) 34,616

79 176,35576 80,946 257,301 (222,170) 35,131

80 186,45477 82,566 269,020 (232,918) 36,102

81 196,66678 84,216 280,882 (243,853) 37,029

82 207,34379 85,901 293,244 (255,525) 37,719

83 218,49080 87,619 306,109 (267,718) 38,391

84 229,17281 89,371 318,543 (280,029) 38,514

85 240,19882 91,159 331,357 (292,840) 38,517

86 251,54783 92,982 344,529 (306,136) 38,393

87 262,47484 94,842 357,316 (319,597) 37,719

88 273,56485 96,738 370,302 (333,484) 36,818

89 283,27486 98,673 381,947 (347,075) 34,872

90 292,87687 100,646 393,522 (361,003) 32,519

91 302,28488 102,660 404,944 (375,202) 29,742

92 310,25189 59,553 369,804 (359,559) 10,245

93 315,64790 60,745 376,392 (376,173) 219

94 91

* Scheduled distributions, interest or dividends taken in cash or amounts taken to meet the IRS minimum distribution requirements.

B9 C10..C11a C4..C8 B10 B12, B12a B8

Page 263/1/2015


Annual Expense IllustrationNo Roth Conversion

Ages

OtherExpense &Stock Opt.

B8

Life &Misc. Ins.

PremiumsPersonal

Expenses *Itemized

Deductions**Total

ExpensesDebt

Payments

AssetAccountDeposits

RetirementAccountDeposits

1 2 3 4 5 6 7 98

Income Tax

$80,621$50,00060 $45,600$4,16057 $900 $48,000 $42,943 $272,224

85,45051,80061 45,6004,18858 900 48,000 15,900 44,625 296,464

89,85353,66562 45,6004,96359 900 49,000 46,408 290,388

40,86855,59763 45,6004,99360 900 25,000 40,917 213,874

42,90357,59864 45,6005,02461 900 25,000 42,314 219,339

1,82859,67265 45,6004,60762 24,333 37,676 173,716

1,12061,82066 45,6004,64163 38,013 151,193

2,81064,04667 45,6005,87164 39,983 158,308

1,08266,35168 45,6005,90765 39,722 158,662

1,12868,74069 45,6005,94466 40,657 162,069

17,14771,21470 45,6005,98367 46,711 186,656

18,32873,77871 45,6006,02368 47,968 191,697

32,31776,43472 45,6003,75069 51,246 209,348

34,38479,18673 36,6333,79370 52,630 206,625

37,15882,03774 3,83871 54,348 177,381

40,04984,99075 3,88472 56,172 185,095

43,01088,04976 3,93273 58,053 193,044

46,65391,21977 3,98274 60,042 201,896

51,18294,50378 4,03475 62,088 211,806

55,97897,90579 4,08776 64,199 222,170

60,927101,43080 4,14277 66,419 232,918

65,864105,08181 4,20078 68,708 243,853

71,311108,86482 4,25979 71,091 255,525

77,045112,78383 4,32180 73,569 267,718

82,709116,84484 4,38481 76,092 280,029

88,632121,05085 4,45082 78,708 292,840

94,789125,40886 4,51983 81,420 306,136

100,898129,92287 4,59084 84,187 319,597

107,177134,60088 4,66385 87,045 333,484

112,984139,44589 4,73986 89,906 347,075

118,872144,46590 4,81887 92,847 361,003

124,771149,66691 4,90088 95,866 375,202

136,417124,04392 2,46489 96,635 359,559

145,632128,50993 2,52990 99,502 376,173

94 91

D6

Note - it is assumed that the various tax reduction act changes are extended past 2010. See Income Tax Calculations report for details.* Personal expenses include education fund deposits.

** Itemized deductions do not include mortgage interest, state tax, and medical insurance premiums are adjusted for phaseouts.

B12B16 B18b C4..C8 C10..C11a D10

Page 273/1/2015


Earned Income ScheduleNo Roth Conversion

AgeAnnualSalary

B9

AnnualSalary

TotalEarnedIncome

SelfEmployment

1 2 3 4 65

SelfEmploymentAge

Stuart Sandy

57$165,00060 $122,000 $287,000

58169,95061 125,660 295,610

59175,04962 129,430 304,479

60180,30063 180,300

61185,70964 185,709

6265

6366

6467

6568

6669

6770

6871

6972

7073

7174

7275

7376

7477

7578

7679

7780

7881

7982

8083

8184

8285

8386

8487

8588

8689

8790

8891

8992

9093

9194

Page 283/1/2015


Pension and Social SecurityNo Roth Conversion

Age

Spouse Pension 1

B10

Client Pension 2 Spouse Pension 2

TotalPension &

SocialSecurity

Client Pension 1 SocSec*

Age

1 2 3 4 5 6 7 8

SocSec *

$29,632 $2,400 $23,963

Stuart Sandy

60 5761 5862 5963 6064 6165 6266 6367 34,038 34,03864

28,07668 34,719 62,7956528,63869 35,413 64,0516629,21170 36,122 2,400 67,7326729,79571 36,844 2,448 69,0876830,39172 37,581 2,497 70,4696930,99973 38,332 2,547 71,8787031,61974 39,099 2,598 73,3167132,25175 39,881 2,650 74,7827232,89676 40,679 2,703 76,2787333,55477 41,492 2,757 77,8037434,22578 42,322 2,812 79,3597534,90979 43,169 2,868 80,9467635,60880 44,032 2,926 82,5667736,32081 44,913 2,984 84,2167837,04682 45,811 3,044 85,9017937,78783 46,727 3,105 87,6198038,54384 47,662 3,167 89,3718139,31485 48,615 3,230 91,1598240,10086 49,587 3,295 92,9828340,90287 50,579 3,361 94,8428441,72088 51,590 3,428 96,7388542,55489 52,622 3,496 98,6738643,40590 53,675 3,566 100,6468744,27491 54,748 3,638 102,6608855,84392 3,710 59,5538956,96093 3,785 60,74590

94 91

* Less earned income reduction if applicable

Page 293/1/2015


Other Income/Expense Detail B11

No Roth Conversion

Amount(future $)*

Amount(today's $)*

StartAge

IncreaseRate

(prior)

IncreaseRate

(after)StopAge

PercentTaxable

DollarAmountDescription

Ordinary TaxableSingle Year

Amount(future $)*

Amount(today's $)*

StartAge

IncreaseRate

(prior)

IncreaseRate

(after)StopAge

PercentTaxable

DollarAmountDescription

Ordinary TaxableMultiple Year

68 70Sale of equipment 20,000 23,433 02.00% 2.00% 0.00%

* Negative numbers indicate cash outflow, positive numbers represent income.

Page 303/1/2015


Other Income (Expense)No Roth Conversion

AgesStock

Options

B12

IncomeAmount

LifeInsurance

Residencesale

OtherExpenses

Tax-able %

ExpenseAmount

Tax-able %

1 2 3 4 5 6 7 98

EducationOther goals

OtherIncome

10

TaxableAmounts

Other Income and Expense Totals

60 57

61 58 (15,900) (15,900)

62 59

63 60

64 61

65 62 (24,333) (24,333)

66 63

67 64

23,43368 23,43365

23,90269 23,90266

70 67

71 68

72 69

73 70

74 71

75 72

76 73

77 74

78 75

79 76

80 77

81 78

82 79

83 80

84 81

85 82

86 83

87 84

88 85

89 86

90 87

91 88 C

92 89

93 90 S

94 91

Note - c = Stuart's life expectancy age. s = Sandy's life expectancy age.

B11 B15 B13, B14aC12B11 B11 B11

*Residence sale = Sale price less sale cost less down payment on new home.

Page 313/1/2015


Financial Goals B13

No Roth Conversion

It is important to plan ahead for financial goals like purchasing a home, a business opportunity or other specialneeds. If you indicated any special goals, the following table shows the amount of money needed for those items.The costs shown below are included in your projection of Other Income and Expense.

Funding methods at 8.00%after tax

MonthlyDeposit

Lump SumDeposit

InflatedAmountNeeded

AmountNeeded

InflationRate %

AgeNeededDescription:

6.00% $15,000 $15,900Retirement trip $14,722 $1,26961

4.00% 20,000 24,333Sail boat 16,561 32965

In order to achieve a future financial goal, such as a major purchase or investment, you should plan to have fundsavailable at the right time. Two methods are illustrated: pre-funding with a lump sum of money dedicated to thefuture goal, or pre-funded with an accumulation account where funds are deposited each month.

Lump Sum

Using this method, a calculation is done to determine what amount of money would need to be set aside now atan after-tax rate of return that would grow to the required amount at the time the funds are needed. The initiallump sum deposit would be held in a separate account and then used to pay for the expense.

Monthly Deposits

If a lump sum amount is not available to set aside for the future expense, you might consider using a separateaccount where monthly deposits are contributed to accumulate the funds required. The amount shown above as"Monthly Deposit" would be anticipated to grow at the after-tax rate shown, and when needed would be used topay for the goal specified.

The above funding amounts and rates are used for illustration only and do not represent any particular investmentprogram. Results are not guaranteed.

Note: The expenses for these goals are included in the projection of personal expenses.

Page 323/1/2015


Life Insurance SummaryNo Roth Conversion

Age

B16

Group orTerm

Permanent(Net of Loans) Premiums

1 2 3 4 5 6 7 8

Stuart Sandy

CashValues

Group orTerm

CashValues

Permanent(Net of Loans)Age Premiums

$2,85060 $97,500 $1,900 $60,000 $1,02557$12,450 $75,000

2,01361 97,500 1,900 60,000 1,0255820,960 75,000

1,17562 97,500 1,900 60,000 1,7705929,470 75,000

2,61063 97,500 1,900 60,000 1,7706037,980 75,000

4,04564 97,500 1,900 60,000 1,7706146,490 75,000

5,47965 97,500 1,900 60,000 1,7706255,000 75,000

6,91466 97,500 1,900 60,000 1,7706356,286 75,000

8,34967 97,500 1,900 60,000 2,9656457,571 75,000

9,78468 97,500 1,900 60,000 2,9656558,857 75,000

11,21869 97,500 1,900 60,000 2,9656660,143 75,000

12,65370 97,500 1,900 60,000 2,9656761,429 75,000

14,08871 97,500 1,900 60,000 2,9656862,714 75,000

15,52372 97,500 1,900 60,000 6506964,000

16,95773 97,500 1,900 60,000 6507065,286

18,39274 97,500 1,900 60,000 6507166,571

19,82775 97,500 1,900 60,000 6507267,857

21,26276 97,500 1,900 60,000 6507369,143

22,69677 97,500 1,900 60,000 6507470,429

24,13178 97,500 1,900 60,000 6507571,714

25,56679 97,500 1,900 60,000 6507673,000

27,00180 97,500 1,900 60,000 6507774,286

28,43581 97,500 1,900 60,000 6507875,571

29,87082 97,500 1,900 60,000 6507976,857

31,30583 97,500 1,900 60,000 6508078,143

32,74084 97,500 1,900 60,000 6508179,428

34,17485 97,500 1,900 60,000 6508280,714

35,60986 97,500 1,900 60,000 6508382,000

37,04487 97,500 1,900 60,000 6508483,286

38,47988 97,500 1,900 60,000 6508584,571

39,91489 97,500 1,900 60,000 6508685,857

41,34890 97,500 1,900 60,000 6508787,143

42,78391 97,500 1,900 60,000 6508888,428

44,21892 60,000 65089

45,65393 60,000 65090

94 91

Page 333/1/2015


Stuart

Misc. Insurance PremiumsNo Roth Conversion

Ages

B17

Auto Disability Medical LTC

1 2 3 4 5 6 7 98

HomeownersProp & Casualty

TotalMisc

Premiums

Sandy

Disability Medical LTCAuto

10

$1,235$20060 $45057 $200 $385

1,26320761 45058 207 399

1,29321562 45059 215 413

1,32322263 45060 222 428

1,35423064 45061 230 444

93723965 62 239 459

97124766 63 247 476

1,00625667 64 256 493

1,04226568 65 265 511

1,07927569 66 275 529

1,11828570 67 285 548

1,15829571 68 295 568

1,20030672 69 306 589

1,24331773 70 317 610

1,28832874 71 328 632

1,33434075 72 340 654

1,38235276 73 352 678

1,43236577 74 365 702

1,48437878 75 378 728

1,53739279 76 392 754

1,59240680 77 406 781

1,65042081 78 420 809

1,70943582 79 435 838

1,77145183 80 451 868

1,83446784 81 467 900

1,90048485 82 484 932

1,96950286 83 502 966

2,04052087 84 520 1,000

2,11353888 85 538 1,036

2,18955889 86 558 1,074

2,26857890 87 578 1,112

2,35059991 88 599 1,152

1,81492 89 620 1,194

1,87993 90 643 1,237

94 91

Page 343/1/2015


Residence Mortgage

Loans - Mortgage, Auto, Credit CardNo Roth Conversion

Ages

B18

Balance Interest Principal

1 2 3 4 5 6 8 97

Interest Principal

Auto

Balance

Credit Card

InterestBalance Principal

$25,478$472,00060 $20,12257

26,614446,52261 18,98658

27,801419,90862 17,79959

29,041392,10763 16,56060

30,335363,06664 15,26561

31,688332,73165 13,91262

33,101301,04366 12,49963

34,577267,94267 11,02364

36,119233,36568 9,48165

37,729197,24669 7,87166

39,412159,51770 6,18867

41,169120,10571 4,43168

43,00578,93672 2,59569

35,93135,93173 70170

74 71

75 72

76 73

77 74

78 75

79 76

80 77

81 78

82 79

83 80

84 81

85 82

86 83

87 84

88 85

89 86

90 87

91 88

92 89

93 90

94 91

95 92

Page 353/1/2015


Investment Real Estate

Loans - RE, Other, TotalsNo Roth Conversion

Ages

B18b

Balance Interest Principal

1 2 3 4 5 6 9 118

Principal Annualpayments

Other Liabilities

LoanBalances

Interest

Total of all liabilities

10

InterestBalance Principal

$25,478$472,000 $45,60060 57 $20,122

26,614446,522 45,60061 58 18,986

27,801419,908 45,60062 59 17,799

29,041392,107 45,60063 60 16,560

30,335363,066 45,60064 61 15,265

31,688332,731 45,60065 62 13,912

33,101301,043 45,60066 63 12,499

34,577267,942 45,60067 64 11,023

36,119233,365 45,60068 65 9,481

37,729197,246 45,60069 66 7,871

39,412159,517 45,60070 67 6,188

41,169120,105 45,60071 68 4,431

43,00578,936 45,60072 69 2,595

35,93135,931 36,63373 70 701

74 71

75 72

76 73

77 74

78 75

79 76

80 77

81 78

82 79

83 80

84 81

85 82

86 83

87 84

88 85

89 86

90 87

91 88

92 89

93 90

94 91

95 92A6

Page 363/1/2015


Loan Balances(by owner)

Loans By OwnerNo Roth Conversion

Ages

B18c

TotalBalances Stuart Sandy Sandy Joint

TotalPayments Stuart

Loan Payments(by owner)

C. Prop.JointTrust &

OtherTrust &

OtherC. Prop.

$45,600$45,600$472,00060 57 $472,000

45,60045,600446,52261 58 446,522

45,60045,600419,90862 59 419,908

45,60045,600392,10763 60 392,107

45,60045,600363,06664 61 363,066

45,60045,600332,73165 62 332,731

45,60045,600301,04366 63 301,043

45,60045,600267,94267 64 267,942

45,60045,600233,36568 65 233,365

45,60045,600197,24669 66 197,246

45,60045,600159,51770 67 159,517

45,60045,600120,10571 68 120,105

45,60045,60078,93672 69 78,936

36,63336,63335,93173 70 35,931

74 71

75 72

76 73

77 74

78 75

79 76

80 77

81 78

82 79

83 80

84 81

85 82

86 83

87 84

88 85

89 86

90 87

91 88

92 89

93 90

94 91

Page 373/1/2015


Allocation of Cash Flow Surplus or (Shortage)No Roth Conversion

Ages

B19

% Amount

Taxable Equity/Other

1 2 3 4 5 6 7 98

RetirementAccounts

RothAccountsTax-DeferredTax-Free

10

Amount% Amount% Amount% Amount Amount

60 57 $14,776100

na61 58 (854)na na na

62 59 14,091100

na63 60 (33,574)na na na

na64 61 (33,630)na na na

na65 62 (173,716)na na na

na66 63 (151,193)na na na

na67 64 (124,270)na na na

na68 65 (72,434)na na na

na69 66 (74,116)na na na

na70 67 (55,435)na na na

na71 68 (55,186)na na na

na72 69 (21,432)na na na

na73 70 (10,034)na na na

74 71 28,350100

75 72 30,263100

76 73 32,026100

77 74 33,828100

78 75 34,616100

79 76 35,131100

80 77 36,102100

81 78 37,029100

82 79 37,719100

83 80 38,391100

84 81 38,514100

85 82 38,517100

86 83 38,394100

87 84 37,719100

88 85 36,818100

89 86 34,873100

90 87 32,519100

91 88 29,742100

92 89 10,245100

93 90 219100

94 91 100

C4 C5 C7 C8 C10..C10e C11, C11a

Page 383/1/2015


Assets

Details of your existing assets, changes due to additions or withdrawals, rate ofreturn and, where appropriate, stock options.

Assets are divided into taxable, tax free, tax deferred, equity, retirementaccounts, IRA and Roth IRA accounts.

Page 393/1/2015


Asset AccountsNo Roth Conversion

C1

Your assets are illustrated in this plan based on two major groups, Personal Accounts and Tax DeductibleRetirement accounts. Within these groups, the assets are further divided as described below.

This includes any account that is treated by the IRS as qualified for special tax-deferral or deduction.

Personal Accounts:

Fully Taxable:

These are savings and investments that earn interest or dividends which are fully taxable at ordinaryincome rates. Included in this category are savings accounts, certificates of deposit, money marketfunds and accounts, bonds, notes and mortgages, etc.

Tax-Deferred:

Some assets allow you to accumulate money without current taxation on interest or other returns. Themost common are fixed or variable annuities issued by insurance companies. Any illustration of anannuity account is hypothetical, and does not represent any specific product or underlying investmentaccounts and is not intended to project or predict investment results. The variable nature of a variableannuity will affect not only the investment returns, but will also affect the cash value and deathbenefits of the annuity. The annuity could result in zero or negative return, depending on theperformance of the underlying investments and the terms of the annuity contract.

Tax-Free:

Equity and Other:

Tax Deductible Retirement Accounts:

Interest earned on certain bonds issued by federal, state or local municipalities are exempt fromfederal and in some cases state income tax. These are referred to as "tax exempt" securities and maybe purchased individually or as muni bond investment trusts or mutual funds.

Assets which receive part or all of their return in the form of appreciation and qualify for special capitalgains treatment on the profits would be included in this category. Such assets include: stocks, equitymutual funds, real estate, business interest, etc.

Not an Investment Offer:

IMPORTANT:

Individual Retirement Accounts.Corporate thrift or savings plans.Retirement plans for self employed individuals.Tax sheltered annuity plans for employees of 403(b) taxexempt organizations.Employer sponsored plans.Corporate plans for employee profit sharing.(Tax-free growth).Tax-free after-tax personal contributions, pre-tax company additions.

These accounts generally allow for pre-tax contributions and tax deferred earnings. When funds are withdrawnfrom these accounts the entire amount is taxable at the ordinary tax rate. (Roth accounts use after taxcontributions and tax free accumulation and withdrawal.)

This is not an offer to sell or a solicitation of an offer to buy any security. Such offer would be accompanied by aprospectus or other offering materials.

The projections or other information generated by Money Tree regarding the likelihood of various investmentoutcomes are hypothetical in nature, do not reflect actual investment results and are not guarantees of futureresults.

IRA401(k)Keogh or SEPTSA

SIMPLE 401(k) and SIMPLE IRAProfit SharingRoth IRA accountsRoth 401(k)

Page 403/1/2015


Investment Returns

This chart illustrates the variable nature of stock investing. The scale does not represent any specific value orpercent change, but rather shows relative increases or decreases in the indexes. Be aware that stock pricesincrease or decrease at various times and there is no assurance that profits will be realized in any particulartime frame. The above chart does not represent any particular investment portfolio or asset class.

Historical Stock Market Changes

These rates of return do not include adjustment for annual fees, commissions, taxes or other expenses thatmight be incurred in any investment plan. These costs could range from 0% to as much as 2% per year or moredepending on the type of investment activity and method of managing the accounts. In addition to annual feesand expenses, some investments may include an initial commission, sales charge or set up expense. If fees andexpenses are taken into account, the above rates of return would be lower. The rates used in the analysis areassumed to be net of any potential fees and expenses. If we assist you in selecting assets for your investmentportfolio, a complete description of any fees, expenses, commissions or other costs will be provided for eachinvestment selected.

Historical Asset Class Returns

This table shows the wide range of returns realized on various asset classes for different time periods.

Your financial analysis includes hypothetical portfolio illustrations. To help you understand the potential risksand rewards of investing, the following information shows some historical investment results. While theanalysis has used annual rates to illustrate possible scenarios, it does not attempt to specify which assetclasses, investment vehicles or combinations of classes you will actually use in your portfolio, as the portfoliomix will generally change several times in the future.

Asset Class

Treasury Bills

Bonds - Intermediate Govt.

Bonds - Long Term Govt.

Bonds - Long Term Corporate

Stocks - Small Companies

Stocks - Large Companies

Inflation

5 Year Return**

11.12%

16.98%

0.07%

0.96%

21.62%

22.51%

-2.14%

-2.22%

45.90%

28.60%

-27.54%

-12.47%

10.06% -5.42%

Return

3.54%

5.35%

5.54%

6.02%

12.43%

10.20%

2.99%

Annual*

Maximum

20 Year Return***

Minimum

7.72%

9.97%

0.42%

1.58%

12.09%

12.13%

0.69%

1.34%

21.13%

17.88%

5.74%

3.11%

6.36% 0.07%

* Annual return is the average compounded rate from 1926 through 2013.

** 5 year return is the highest and lowest average rolling return for all the 5 year periods from 1926 through 2013.

*** 20 year return is the highest and lowest average rolling return for all the 20 year periods from 1926 through 2013.

In any report that illustrates an annuity product, it is assumed that the product is a fixed annuity earninginterest as paid by the issuing company. With a fixed annuity you are generally protected against a loss ofprincipal. If a variable annuity should be selected by you for any portion of your portfolio, please be aware thatthe annual return and corresponding asset value, death benefit and cash values will be based on the underlyinginvestment choice, and could result in a zero or negative rate unless the product has specific terms limiting theloss of principal. The terms for annuity products will be spelled out in the annuity contract. The fees andcharges on any annuity contract will vary based on the company and features provided in the contract. Theycould range from a minimal amount to as much as 2.5% or more.

C1a

MinimumMaximum

Page 413/1/2015


Account SummaryNo Roth Conversion

In years when there is a surplus of spendable income, the surplus is reinvested into the asset accounts in theproportions shown below. Period 1 covers the years up to age 65.

In years when there is a shortage of spendable income from earnings, pensions, social security, interest anddividends taken in cash, and miscellaneous income sources, the shortage is made up by withdrawals from asset andretirement accounts. It is assumed that funds are taken in the following order - from taxable, equity and other non-qualified, tax-free, tax-deferred and then qualified retirement accounts.

Allocation of Surplus Cash Flow

C2

Page 423/1/2015


Account SummaryNo Roth Conversion

Ages

C3

TaxableAccount

Equity& Other

TaxFree

1 2 3 4 5 6 7 98

Retirement accounts Roth IRAs

SandyStuart

TaxDeferred

Begin. YearAccount

Totals

SandyStuart5.75% 6.00%7.50%6.00% 7.50% 7.50%7.50% 7.50%

$693,500 $1,735,80060 $565,00057 $477,300

784,259 1,953,68161 623,70358 545,719

882,237 2,172,26562 670,52959 619,499

988,509 2,424,51163 736,43360 699,569

1,103,710 2,613,38064 757,63361 752,037

1,228,002 2,816,80765 780,36562 808,440

1,307,822 2,819,94466 651,13363 860,989

1,392,830 2,846,61667 536,83364 916,953

1,483,364 2,902,91368 442,99465 976,555

1,579,783 3,016,56769 396,75366 1,040,031

1,682,469 3,135,86670 345,76467 1,107,633

1,726,060 3,216,50271 310,81368 1,179,629

1,768,408 3,298,56172 273,84869 1,256,305

1,809,188 3,369,10173 269,44670 1,290,467

1,848,039 3,448,50674 276,56671 1,323,901

1,884,563 3,564,85675 323,91172 1,356,382

1,918,321 3,682,29676 376,31573 1,387,660

1,949,275 3,800,68677 433,95274 1,417,459

1,976,506 3,919,18178 497,20275 1,445,473

1,999,979 4,036,72479 565,37976 1,471,366

2,019,186 4,152,81580 638,52177 1,495,108

2,033,578 4,266,99681 717,42478 1,515,994

2,042,567 4,378,98182 802,41679 1,533,998

2,045,522 4,487,89983 893,64780 1,548,730

2,041,772 4,593,04584 991,50481 1,559,769

2,031,575 4,694,08785 1,095,84982 1,566,663

2,014,369 4,790,27986 1,206,98083 1,568,930

1,989,578 4,880,83987 1,325,20784 1,566,054

1,956,614 4,965,26588 1,450,41985 1,558,232

1,914,886 5,042,75889 1,582,83786 1,545,035

1,865,348 5,113,21590 1,721,84787 1,526,020

1,807,675 5,175,86591 1,867,45488 1,500,736

1,741,585 5,229,96592 2,019,64989 1,468,731

1,666,857 5,259,13193 2,161,53990 1,430,735

1,585,453 5,274,21894 2,302,26691 1,386,499

C4 C5 C7 C8 C10,C10b...e C10a, C10b...e C11 C11a

Note: Rates shown above are for first year only. Refer to account reports for future year rates.

Page 433/1/2015


Total Working AssetsNo Roth Conversion

Ages

C3a

AccountBalances

PersonalDeposits

CompanyDeposits

1 2 3 4 5 6 7

Contributions Withdrawals

PersonalScheduled

Surplus or(Shortage)

AnnualReturn

RequiredMin. Distr*

$133,68560 $1,735,80057 $48,900 $20,520 $14,776

149,40261 1,953,68158 48,900 21,136 (854)

166,48562 2,172,26559 49,900 21,770 14,091

182,11963 2,424,51160 25,900 14,424 (33,574)

196,30064 2,613,38061 25,900 14,857 (33,630)

176,85365 2,816,80762 (173,716)

177,86666 2,819,94463 (151,193)

180,56767 2,846,61664 (124,270)

186,08868 2,902,91365 (72,434)

193,41569 3,016,56766 (74,116)

199,56070 3,135,86667 (55,435) (63,489)

204,66971 3,216,50268 (55,186) (67,424)

209,41872 3,298,56169 (21,432) (117,446)

214,15273 3,369,10170 (10,034) (124,713)

220,41574 3,448,50671 28,350 (132,415)

227,75375 3,564,85672 30,263 (140,576)

235,15676 3,682,29673 32,026 (148,792)

242,58877 3,800,68674 33,828 (157,921)

249,98978 3,919,18175 34,616 (167,063)

257,31479 4,036,72476 35,131 (176,355)

264,53380 4,152,81577 36,102 (186,454)

271,62181 4,266,99678 37,029 (196,666)

278,54282 4,378,98179 37,719 (207,343)

285,24583 4,487,89980 38,391 (218,490)

291,70084 4,593,04581 38,514 (229,172)

297,87285 4,694,08782 38,517 (240,198)

303,71386 4,790,27983 38,394 (251,547)

309,18287 4,880,83984 37,719 (262,474)

314,23988 4,965,26585 36,818 (273,564)

318,85789 5,042,75886 34,873 (283,274)

323,00890 5,113,21587 32,519 (292,876)

326,64391 5,175,86588 29,742 (302,284)

329,17292 5,229,96589 10,245 (310,251)

330,51493 5,259,13190 219 (315,647)

94 5,274,21891

C3

This report summarizes all the asset reports including savings and investments and retirement accounts.

Page 443/1/2015


Taxable AccountNo Roth Conversion

Ages

C4

Begin YearAccountBalance

AnnualDeposit

Cash Flow Surplus(short)

1 2 3 4 5 6 7

Annual Additions or Withdrawals Annual Interest

Cashwithdrawal

TaxableIncome

%Rate

$Amount

60 57 6.00

61 58 6.00

62 59 6.00

63 60 6.00

64 61 6.00

65 62 6.00

66 63 6.00

67 64 6.00

68 65 6.00

69 66 6.00

70 67 6.00

71 68 6.00

72 69 6.00

73 70 6.00

74 71 6.00

75 72 6.00

76 73 6.00

77 74 6.00

78 75 6.00

79 76 6.00

80 77 6.00

81 78 6.00

82 79 6.00

83 80 6.00

84 81 6.00

85 82 6.00

86 83 6.00

87 84 6.00

88 85 6.00

89 86 6.00

90 87 6.00

91 88 6.00

92 89 6.00

93 90 6.00

94 91B 19

Page 453/1/2015


Annual Additions or Withdrawals

Equity and Other AccountsNo Roth Conversion

Ages

C5


AnnualDeposit

Cash FlowSurplus (Short)

1 2 3 4 5 8 107

OrdinaryRate

At Div CGRate

Annual Rate of Return

Apprec

TotalAnnualReturn

Taxable Income

9

DividendInterest Capital Gain

6 11

CashWithdrawal

$43,0271.881.881.881.88$14,776 $21,510$565,00060 $90057 $10,754

46,7801.881.881.881.88(854) 23,390623,70361 90058 11,695

50,9131.881.881.881.8814,091 25,453670,52962 90059 12,726

53,8741.881.881.881.88(33,574) 26,945736,43363 90060 13,474

55,4621.881.881.881.88(33,630) 27,739757,63364 90061 13,871

44,4841.631.631.631.63(173,716) 22,273780,36565 62 11,144

36,8931.631.631.631.63(151,193) 18,474651,13366 63 9,243

30,4311.631.631.631.63(124,270) 15,238536,83367 64 7,624

26,1931.631.631.631.63(72,434) 13,109442,99468 65 6,558

23,1271.631.631.631.63(74,116) 11,577396,75369 66 5,792

20,4841.631.631.631.63(55,435) 10,252345,76470 67 5,128

18,2211.631.631.631.63(55,186) 9,120310,81371 68 4,563

17,0301.631.631.631.63(21,432) 8,519273,84872 69 4,260

17,1541.631.631.631.63(10,034) 8,579269,44673 70 4,290

18,9951.631.631.631.6328,350 9,492276,56674 71 4,745

22,1411.631.631.631.6330,263 11,065323,91175 72 5,531

25,6111.631.631.631.6332,026 12,800376,31576 73 6,398

29,4221.631.631.631.6333,828 14,705433,95277 74 7,351

33,5611.631.631.631.6334,616 16,775497,20278 75 8,386

38,0111.631.631.631.6335,131 18,999565,37979 76 9,498

42,8011.631.631.631.6336,102 21,394638,52180 77 10,695

47,9631.631.631.631.6337,029 23,975717,42481 78 11,986

53,5121.631.631.631.6337,719 26,749802,41682 79 13,373

59,4661.631.631.631.6338,391 29,726893,64783 80 14,861

65,8311.631.631.631.6338,514 32,909991,50484 81 16,453

72,6141.631.631.631.6338,517 36,3001,095,84985 82 18,148

79,8331.631.631.631.6338,394 39,9101,206,98086 83 19,953

87,4931.631.631.631.6337,719 43,7401,325,20787 84 21,868

95,6001.631.631.631.6336,818 47,7931,450,41988 85 23,895

104,1371.631.631.631.6334,873 52,0621,582,83789 86 26,030

113,0881.631.631.631.6332,519 56,5381,721,84790 87 28,268

122,4531.631.631.631.6329,742 61,2211,867,45491 88 30,609

131,6451.631.631.631.6310,245 65,8212,019,64992 89 32,910

140,5081.631.631.631.63219 70,2542,161,53993 90 35,127

2,302,26694 91

B19

Page 463/1/2015


RatioCost/

Balance

Capital Gains WorksheetNo Roth Conversion

Ages

C6

Equity & OtherAccountBalance

CostBasis

1 2 3 4 5 6 7 98 10

AnnualAdditions

Withdrawalfor Cash

Flow

InterestDividend,

Capital Gain

NetAdditions/

WithdrawalsCash

Withdrawal

Annual CapitalGain (loss)

Change toBasis

60 $565,00057 $15,6760.70 $32,267 $47,943 $47,943$396,900

(854)61 623,70358 9000.71 35,085 35,131 35,131444,843

62 670,52959 14,9910.72 38,182 53,173 53,173479,974

(33,574)63 736,43360 9000.72 40,412 7,738 7,738533,147

(33,630)64 757,63361 9000.71 41,602 8,872 8,872540,884

(173,716)65 780,36562 0.70 33,387 (140,329) 41,469 (98,860)549,757

(151,193)66 651,13363 0.69 27,690 (123,503) 37,980 (85,523)450,896

(124,270)67 536,83364 0.68 22,840 (101,430) 32,396 (69,034)365,373

(72,434)68 442,99465 0.67 19,654 (52,780) 17,473 (35,307)296,339

(74,116)69 396,75366 0.66 17,355 (56,761) 19,417 (37,344)261,032

(55,435)70 345,76467 0.65 15,370 (40,065) 14,145 (25,920)223,688

(55,186)71 310,81368 0.64 13,673 (41,513) 15,099 (26,415)197,769

(21,432)72 273,84869 0.63 12,776 (8,656) 3,240 (5,417)171,354

(10,034)73 269,44670 0.62 12,867 2,833 2,833165,938

74 276,56671 28,3500.61 14,242 42,592 42,592168,770

75 323,91172 30,2630.65 16,602 46,865 46,865211,363

76 376,31573 32,0260.69 19,204 51,230 51,230258,227

77 433,95274 33,8280.71 22,062 55,890 55,890309,457

78 497,20275 34,6160.73 25,166 59,782 59,782365,347

79 565,37976 35,1310.75 28,504 63,635 63,635425,129

80 638,52177 36,1020.77 32,096 68,198 68,198488,764

81 717,42478 37,0290.78 35,967 72,996 72,996556,962

82 802,41679 37,7190.79 40,129 77,848 77,848629,958

83 893,64780 38,3910.79 44,594 82,985 82,985707,806

84 991,50481 38,5140.80 49,368 87,882 87,882790,791

85 1,095,84982 38,5170.80 54,455 92,972 92,972878,673

86 1,206,98083 38,3940.81 59,869 98,263 98,263971,645

87 1,325,20784 37,7190.81 65,615 103,334 103,3341,069,908

88 1,450,41985 36,8180.81 71,695 108,513 108,5131,173,242

89 1,582,83786 34,8730.81 78,098 112,971 112,9711,281,755

90 1,721,84787 32,5190.81 84,812 117,331 117,3311,394,726

91 1,867,45488 29,7420.81 91,836 121,578 121,5781,512,057

92 2,019,64989 10,2450.81 98,732 108,977 108,9771,633,634

93 2,161,53990 2190.81 105,381 105,600 105,6001,742,612

94 2,302,26691 0.801,848,212

C5C5C5C5 C5

Page 473/1/2015


Capital Gain or Capital Loss CarryforwardNo Roth Conversion

Ages

C6a

Annual CGDistributions

G/L on Sale ofAssets

Other Gain &Stock Option

1 2 3 4 5 6 98

Gain or Loss SourcesTaxableCapital

Gain (loss)Net

Gain/LossOther Loss &Stock Option

Net CapitalGain andDividend

AnnualDividend

AmountCarried

Forward7

$10,753 $10,753 $21,506$10,75360 57 $10,75311,695 11,694 23,38911,69561 58 11,69512,853 12,725 25,57812,85362 59 12,85313,195 13,474 26,66913,19563 60 13,19513,591 13,871 27,46213,59164 61 13,59151,327 11,144 62,4719,85865 41,46962 51,32746,103 9,243 55,3468,12466 37,98063 46,10339,099 7,624 46,7236,70467 32,39664 39,09923,493 6,557 30,0506,02168 17,47365 23,49324,658 5,791 30,4495,24269 19,41766 24,65818,862 5,128 23,9904,71770 14,14567 18,86219,251 4,562 23,8134,15371 15,09968 19,251

7,340 4,260 11,6004,10172 3,24069 7,3404,215 4,289 8,5044,21573 70 4,2154,954 4,744 9,6984,95474 71 4,9545,755 5,531 11,2865,75575 72 5,7556,635 6,398 13,0336,63576 73 6,6357,601 7,350 14,9517,60177 74 7,6018,642 8,385 17,0278,64278 75 8,6429,758 9,498 19,2569,75879 76 9,758

10,962 10,695 21,65710,96280 77 10,96212,259 11,985 24,24412,25981 78 12,25913,652 13,372 27,02413,65282 79 13,65215,145 14,861 30,00615,14583 80 15,14516,737 16,452 33,18916,73784 81 16,73718,433 18,148 36,58118,43385 82 18,43320,237 19,953 40,19020,23786 83 20,23722,147 21,868 44,01522,14787 84 22,14724,167 23,894 48,06124,16788 85 24,16726,287 26,029 52,31626,28789 86 26,28728,508 28,267 56,77528,50890 87 28,50830,829 30,609 61,43830,82991 88 30,82932,985 32,909 65,89432,98592 89 32,98535,128 35,126 70,25435,12893 90 35,128

94 91C5 C6 D7a D7a

Page 483/1/2015


Tax-Free AccountNo Roth Conversion

AgesCash

withdrawal

C7

Begin yearAccountBalance

AnnualInterest

AnnualDeposit

1 2 3 4 6

Cash FlowSurplus (short)


% Rate5

5.7560 57

5.7561 58

5.7562 59

5.7563 60

5.7564 61

5.7565 62

5.7566 63

5.7567 64

5.7568 65

5.7569 66

5.7570 67

5.7571 68

5.7572 69

5.7573 70

5.7574 71

5.7575 72

5.7576 73

5.7577 74

5.7578 75

5.7579 76

5.7580 77

5.7581 78

5.7582 79

5.7583 80

5.7584 81

5.7585 82

5.7586 83

5.7587 84

5.7588 85

5.7589 86

5.7590 87

5.7591 88

5.7592 89

5.7593 90

94 91B19

Page 493/1/2015


Tax-Deferred AccountNo Roth Conversion

Ages

C8


AnnualDeposit

Cash FlowSurplus (short)

1 2 3 4 5 6 87


%Rate

Cashwithdrawal

Taxable AccruedInterestTaxable

IncomeAnnual

Interest

60 57 6.00

61 58 6.00

62 59 6.00

63 60 6.00

64 61 6.00

65 62 6.00

66 63 6.00

67 64 6.00

68 65 6.00

69 66 6.00

70 67 6.00

71 68 6.00

72 69 6.00

73 70 6.00

74 71 6.00

75 72 6.00

76 73 6.00

77 74 6.00

78 75 6.00

79 76 6.00

80 77 6.00

81 78 6.00

82 79 6.00

83 80 6.00

84 81 6.00

85 82 6.00

86 83 6.00

87 84 6.00

88 85 6.00

89 86 6.00

90 87 6.00

91 88 6.00

92 89 6.00

93 90 6.00

94 91B19

Page 503/1/2015


ByCompany

Retirement Accounts - StuartNo Roth Conversion

Age

C10

BalanceBy

Participant

1 2 3 4 5 6 7 98 10

PlansRequired

Min. Distr *Scheduled%

RateFor SpendShortage

AnnualInterest

Gross **Minimum

Distribution

Contributions Withdrawals Rate of Return

Roth

$13,20060 $693,500 7.50 $53,559$24,000

13,59661 784,259 7.50 60,38224,000

14,00462 882,237 7.50 67,76824,500

14,42463 988,509 7.50 75,77725,000

14,85764 1,103,710 7.50 84,43525,000

65 1,228,002 6.50 79,820

66 1,307,822 6.50 85,008

67 1,392,830 6.50 90,534

68 1,483,364 6.50 96,419

69 1,579,783 6.50 102,686

(63,489)70 1,682,469 6.50 107,080 63,489

(67,424)71 1,726,060 6.50 109,772 67,424

(71,595)72 1,768,408 6.50 112,375 71,595

(76,016)73 1,809,188 6.50 114,867 76,016

(80,700)74 1,848,039 6.50 117,224 80,700

(85,662)75 1,884,563 6.50 119,420 85,662

(90,487)76 1,918,321 6.50 121,441 90,487

(96,023)77 1,949,275 6.50 123,254 96,023

(101,359)78 1,976,506 6.50 124,832 101,359

(106,951)79 1,999,979 6.50 126,157 106,951

(112,804)80 2,019,186 6.50 127,196 112,804

(118,923)81 2,033,578 6.50 127,911 118,923

(125,311)82 2,042,567 6.50 128,266 125,311

(131,969)83 2,045,522 6.50 128,219 131,969

(137,958)84 2,041,772 6.50 127,760 137,958

(144,083)85 2,031,575 6.50 126,877 144,083

(150,326)86 2,014,369 6.50 125,535 150,326

(156,660)87 1,989,578 6.50 123,696 156,660

(163,051)88 1,956,614 6.50 121,324 163,051

(167,972)89 1,914,886 6.50 118,434 167,972

(172,717)90 1,865,348 6.50 115,044 172,717

(177,223)91 1,807,675 6.50 111,134 177,223

(181,415)92 1,741,585 6.50 106,687 181,415

(183,171)93 1,666,857 6.50 101,767 183,171

94 1,585,453

** Gross Required Minimum Distributions - using either IRS uniform Life Table, or Joint Life Table. IRAs are not subject to delayed starting age.

B19

* Remaining Required Minimum Distribution after adjustment for scheduled withdrawals (columns 4)

Page 513/1/2015


ByCompany

Retirement Accounts - SandyNo Roth Conversion

Age

C10a

BalanceBy

Participant

1 2 3 4 5 6 7 98 10

PlansRequired

Min. Distr *Scheduled%

RateFor SpendShortage

AnnualInterest

Gross **Minimum

Distribution

Contributions Withdrawals Rate of Return

Roth

$7,32057 $477,300 7.50 $37,099$24,000

7,54058 545,719 7.50 42,24024,000

7,76659 619,499 7.50 47,80424,500

60 699,569 7.50 52,468

61 752,037 7.50 56,403

62 808,440 6.50 52,549

63 860,989 6.50 55,964

64 916,953 6.50 59,602

65 976,555 6.50 63,476

66 1,040,031 6.50 67,602

67 1,107,633 6.50 71,996

68 1,179,629 6.50 76,676

(45,851)69 1,256,305 6.50 80,013 45,851

(48,697)70 1,290,467 6.50 82,131 48,697

(51,715)71 1,323,901 6.50 84,196 51,715

(54,914)72 1,356,382 6.50 86,192 54,914

(58,305)73 1,387,660 6.50 88,104 58,305

(61,898)74 1,417,459 6.50 89,912 61,898

(65,703)75 1,445,473 6.50 91,596 65,703

(69,404)76 1,471,366 6.50 93,146 69,404

(73,651)77 1,495,108 6.50 94,537 73,651

(77,743)78 1,515,994 6.50 95,747 77,743

(82,032)79 1,533,998 6.50 96,764 82,032

(86,521)80 1,548,730 6.50 97,560 86,521

(91,215)81 1,559,769 6.50 98,109 91,215

(96,114)82 1,566,663 6.50 98,381 96,114

(101,221)83 1,568,930 6.50 98,345 101,221

(105,814)84 1,566,054 6.50 97,993 105,814

(110,513)85 1,558,232 6.50 97,316 110,513

(115,301)86 1,545,035 6.50 96,286 115,301

(120,159)87 1,526,020 6.50 94,876 120,159

(125,061)88 1,500,736 6.50 93,056 125,061

(128,836)89 1,468,731 6.50 90,840 128,836

(132,475)90 1,430,735 6.50 88,240 132,475

91 1,386,499

** Gross Required Minimum Distributions - using either IRS uniform Life Table, or Joint Life Table. IRAs are not subject to delayed starting age.

B19

* Remaining Required Minimum Distribution after adjustment for scheduled withdrawals (columns 4)

Page 523/1/2015


Roth Accounts - StuartNo Roth Conversion

Age

C11


Annual Deposit

1 2 3 4 5 6 7

CashWithdrawal401(k)

Cash Flow(shortage)

AnnualInterest

%Rate


Roth

7.5060

7.5061

7.5062

7.5063

7.5064

6.5065

6.5066

6.5067

6.5068

6.5069

6.5070

6.5071

6.5072

6.5073

6.5074

6.5075

6.5076

6.5077

6.5078

6.5079

6.5080

6.5081

6.5082

6.5083

6.5084

6.5085

6.5086

6.5087

6.5088

6.5089

6.5090

6.5091

6.5092

6.5093

94B19

Page 533/1/2015


Roth Accounts - SandyNo Roth Conversion

Age

C11a


Annual Deposit

1 2 3 4 5 6 7

CashWithdrawal401(k)

Cash Flow(shortage)

AnnualInterest

%Rate


Roth

7.5057

7.5058

7.5059

7.5060

7.5061

6.5062

6.5063

6.5064

6.5065

6.5066

6.5067

6.5068

6.5069

6.5070

6.5071

6.5072

6.5073

6.5074

6.5075

6.5076

6.5077

6.5078

6.5079

6.5080

6.5081

6.5082

6.5083

6.5084

6.5085

6.5086

6.5087

6.5088

6.5089

6.5090

91B19

Page 543/1/2015


Retirement Plan SummaryNo Roth Conversion

Ages

C13

BalanceBy

participantBy

company1 2 3 4 5 6 7

Contributions

For spendshortage

RequiredMin. Distr*Scheduled

Gross **Minimum

distributionAnnual

Withdrawals Return

8

$90,658$20,520$1,170,80060 $48,00057

102,62221,1361,329,97861 48,00058

115,57221,7701,501,73662 49,00059

128,24514,4241,688,07863 25,00060

140,83814,8571,855,74764 25,00061

132,3692,036,44265 62

140,9732,168,81166 63

150,1362,309,78367 64

159,8952,459,91968 65

170,2882,619,81469 66

(63,489) 179,076 63,4892,790,10270 67

(67,424) 186,448 67,4242,905,68971 68

(117,446) 192,388 117,4463,024,71372 69

(124,713) 196,998 124,7133,099,65573 70

(132,415) 201,420 132,4153,171,94074 71

(140,576) 205,612 140,5763,240,94575 72

(148,792) 209,545 148,7923,305,98176 73

(157,921) 213,166 157,9213,366,73477 74

(167,063) 216,428 167,0633,421,97978 75

(176,355) 219,303 176,3553,471,34579 76

(186,454) 221,732 186,4543,514,29480 77

(196,666) 223,658 196,6663,549,57281 78

(207,343) 225,030 207,3433,576,56582 79

(218,490) 225,779 218,4903,594,25283 80

(229,172) 225,869 229,1723,601,54184 81

(240,198) 225,258 240,1983,598,23885 82

(251,547) 223,880 251,5473,583,29986 83

(262,474) 221,689 262,4743,555,63287 84

(273,564) 218,639 273,5643,514,84688 85

(283,274) 214,720 283,2743,459,92189 86

(292,876) 209,920 292,8763,391,36890 87

(302,284) 204,190 302,2843,308,41191 88

(310,251) 197,527 310,2513,210,31692 89

(315,647) 190,006 315,6473,097,59293 90

2,971,95294 91

Summary of retirement and Roth accounts

Page 553/1/2015


Asset Allocation

As you manage your portfolio of savings and investment assets, it is important that you consider how thecharacteristics of each asset matches your overall level of risk tolerance and your current financial goals. Thechart below illustrates a suggested percentage of assets for various risk tolerance levels.

C18

No Roth Conversion

VeryConservativeAsset Class Conservative Moderate Aggressive Very Aggressive

YourCustom

Allocation

At your age 60 we have prepared this plan for a Conservative investor.*

Typical percentage (%) of assets allocated for various risk levels.

520Reserves 5 201520

1025Income 10 252030

2025Growth and income 15 252040

3525Growth 25 253010

305Aggressive Growth 45 515

Misc

The allocation percentages illustrated above are only suggestions for your consideration, and are not intendedto be a permanent allocation. As time passes and your goals change, it will be important that you review yourportfolio to assure that the current mix of your assets is appropriate for your goals and for current economicand market conditions.

This Asset Allocation does not guarantee a profit or protect against loss in declining markets.

100 100 100 100 100

*After consideration of your personal goals and risk level, your suggested asset allocation has been customizedto reflect a suggested amount for the various asset classes, shown in the last column on the right.

Page 563/1/2015


Asset Allocation Graph C19

No Roth Conversion

The following graph is provided to help you more easily visualize your present and suggested asset allocation. Thissuggested mix is intended only for the current period, and you are encouraged to return regularly to review yourpersonal goals and resources, the financial environment and to determine whether changes to the suggested mixis appropriate. The percentages shown on the label area indicate the "Present / Suggested" percent for each assetclass.

C18

Present Suggested

Res 0.00% 20.00%

Inc 32.55% 25.00%

Inc/Gr 0.00% 25.00%

Gr 67.45% 25.00%

AgGr 0.00% 5.00%

Misc 0.00% 0.00%

Asset Allocation does not guarantee a profit or protect against loss in declining markets.

Page 573/1/2015


Allocation Worksheet

The following worksheet compares your present assets to the percentages suggested for your particular goalsand risk tolerance level. If the amount in a class is too large or small, then the amount you might considermoving into or out of a category is shown in the "Amount To Move" column.

C20

Suggested

Amount

Present

Percent PercentAmount (or out)

Amount toMove In

Asset Class

No Roth Conversion

Reserves $347,16020.00%$347,160

32.55%565,000Income (131,050)25.00%433,950

Growth and income 433,95025.00%433,950

67.45%1,170,800Growth (736,850)25.00%433,950

Aggressive Growth 86,7905.00%86,790

Misc

It will be important to re-evaluate your asset mix on a regular basis and determine which assets should be onpercentages illustrated above are only suggestions for your consideration, and are not intended furtherincreased or decreased. As you make changes to your portfolio you should carefully review your current lifestyleneeds and goals.

Please recognize that the asset mix suggested above is not intended as a guarantee or assurance of futureresults. The suggested asset classes and their percentages do not represent an offer to sell or a solicitation of apurchase of any particular security, but are provided only as an illustration of a possible portfolio mix based onyour stated goals and risk level.

Asset allocation does not guarantee a profit or protect against loss in declining markets.

* The asset category amounts shown do not include your residence and personal property.

$1,735,800Total* $1,735,800

Page 583/1/2015


Risk

In every aspect of life, we are faced with varying degrees of unknown outcomes. These uncertainties in life aresometimes referred to as areas of "Risk". In particular, financial matters are commonly described as either "Safe"

If you own a $10,000 certificate of deposit earning 5% interest, you will receive $500 per year interest.Since the account is insured by the FDIC and the interest is guaranteed for a set time frame, this mayseem like a "safe" investment. If we experience inflation at the rate of 3% per year, the purchasingpower of the $500 income will be reduced after the first year to $485, and after 10 years to $372. Thepurchasing power of the $10,000 after 10 years will be reduced to $7,441. This loss is a permanent onewith no chance for recovery unless our economy goes into a protracted deflationary cycle.

Using the same $10,000 as above, and assuming you are in the 25% tax bracket, the $500 interestwould be reduced to $375 after taxes. After 10 years, the $500 interest after taxes and inflation wouldprovide purchasing power of only $277.

Loss of Purchasing Power:

If you place all or most of your financial assets into illiquid assets like real estate, mortgages or notes,small business interests or even tax deferred retirement accounts with severe early withdrawalpenalties, then you may find that you no longer have control of your financial future. If your personalfinancial affairs take a turn for the worse due to a disability, loss of employment, death in the family orother unforeseen event, and you cannot readily reposition your assets to meet your new needs, thenyou are exposed to the risk of not being in control of your financial well being.

Tax Loss:

Although there are other types of risk that could be considered, the above examples will illustrate that it isimportant to properly plan and balance your financial assets so that all possibilities are considered. As yourfinancial plan is created, we take into consideration your levels of comfort with different type of assets and withattention to your personal situation and goals.

Loss of Principal:

If you have $10,000 invested in a stock, the stock declines in value to $5,000, and you sell the stock,then you have suffered a loss of principal. On the other hand, if you do NOT sell the stock while thevalue is down, and the stock recovers to $10,000 then you have not suffered a loss. Time anddiversification are keys to mitigating this type of loss.

It is important to recognize that the term "Risk" can refer to more than simply the loss of your money. Some ofthe different types of risk are described below.

Illiquidity:

C21

No Roth Conversion

Page 593/1/2015


Liquidity

The above graph illustrates the liquidity level of your working assets, measuring the ability to convert workingassets to cash if needed.

If you have too much of your money in "non-liquid" investments you may someday find yourself in a positionwhere you need to have quick cash, but are unable to convert enough of your assets quickly.

* Excluding residence and personal assets. Includes retirement accounts.

** Includes residence and personal assets in non-liquid category.

C22

No Roth Conversion

A13

Other

Non-Liquid

Your working asset liquidity ratio (cash and liquid assets divided by all working* assets) is 100%

Your total liquidity level including your residence and personal property is 50%.

Total Assets** Working assets*

Liquid

Cash & Reserves $0

0

1,735,800

This is a very high level of working asset liquidity, providing a comfortable margin of safety.

00

1,735,800

$0

1,729,800

Page 603/1/2015


Liquidity Analysis

Liquidity is a measure of the ability to convert assets to cash. This can be important in two major instances ...

SECOND - In the event of loss of income due to death or disability, there may be a need to reposition someof the assets to change from a growth oriented to a more income oriented asset position. If too much ofyour assets are positioned in non-liquid accounts, you may find it impossible to make the changes requiredwithout paying substantial penalties or taxes, or you may find it difficult or impossible to make the changesat all.

These are generally assets that can quickly be taken in cash without significantdelay and without substantial loss of value. Included in this group are yourchecking, savings, US savings bond accounts, and money market funds.

CASH and RESERVES

LIQUID INVESTMENTS

FIRST - In times of economic disruption, cash is king. If a substantial portion of your net worth is held inassets that are not readily convertible to cash, you may find their value rapidly fluctuating. This couldseverely hamper your ability to move them to a "safe haven" if needed.

These accounts can be converted to cash in a reasonable length of time, but theymay suffer an unpredictable loss due to market fluctuations, liquidationpenalties or other complications. Some assets like annuities, CDs and retirementaccounts may be subject to liquidation penalties and/or taxes which may makeliquidation less attractive. Included in this category are Gov't T-Bills and bonds,corporate bonds, tax-advantaged municipal bonds, fixed or variable annuities,variable life insurance, certificates of deposit, mutual funds, stocks and othersecurities.

OTHER ASSETS

NON-LIQUID ASSETS

These accounts are considered non-liquid, meaning that even if you want to sellor dispose of them, there may not be a ready buyer for the asset. This includesreal estate, partnerships, mortgages and notes. Residence, personal propertyand cash values are included in "All Assets" category.

Items in this category are most likely to be non-liquid or may suffer substantialloss if they must be sold quickly. They include business interests, other ventures,and tangibles.

Total of all assets

Liquid assets (Cash, Reserves and Liquid investments)

Liquidity ratio (Liquid assets divided by Total Assets)

$1,735,800

50%

$1,735,800

$1,735,800$3,465,600

$1,729,800

$1,735,800$1,735,800

100%

*Includes residence, all types of personal property, insurance cash values, savings, investments and retirement assets.

**Includes only savings, investment and retirement account assets.

C23

No Roth Conversion

Assets*

Working

Assets**

All

Page 613/1/2015


Income Tax

Analysis of your taxable income sources, exemptions, deductions andFederal and State taxes due.

The analysis includes phaseouts of itemized deductions and exemptions,where required, special dividend and capital gain rates, AMT and otheritems affecting your income tax and financial results.

Page 623/1/2015


Income Tax Calculation

The tax calculations prepared in this report use the actual federal tax rate schedules as published by the IRS. Inother words, the taxable income reported herein is taxed first at the 10% level, then 15% and so forth, based on theactual breakpoints provided by the IRS. A financial plan that is prepared using only a single estimated tax bracket toillustrate the amount of taxes due can substantially understate or overstate the actual real tax impact on the plan.

No Roth Conversion

On January 1, 2013, this act was signed into law extending tax cuts for individuals earning under$400,000/$450,000. It allowed the 2001 tax cuts to expire for anyone earning more than these amounts.

American Taxpayer Relief Act of 2012

Itemized deductions and personal exemptions are currently phased out for high income taxpayers. The 2012 taxchanges increase the phaseout limits and attach annual index adjustments.

Phaseout provisions:

Tax Rate Schedules:

Marginal Tax Bracket percentages:

Pre-tax Act

The Child Tax Credit is kept at $1,000 through 2017. Marriage penalty relief and a broader 15% rate bracket forjoint filers is now permanent. The standard deduction for married couples is kept at 200% of single rates.

The Alternative Minimum Tax exclusion levels were increased to $78,750 for married and $50,600 for single filersfor 2012 with annual indexing attached. Qualified dividends will continue to be taxed at long-term capital gainsrates. Dividends and capital gains will now be taxed at a rate of 0%, 15%, or 20% depending on the taxpayer'smarginal bracket, with an additional 3.8% Hospital Insurance tax on capital gains for anyone with an AGI over$200,000/$250,000.

Other changes:

Comparison of estimated income tax rate versus actual tax bracket calculations (married couple)

$50,000

Using 15%estimated

rate

$50,000

$7,500 $4,088

$33,400

$16,600

-- Income Level --

Using 2015tax rates.

Tax due...Tax due...

- Exemption and standard deduction

- a $3,413 or 46% difference.

D1

taxable

2001 2002 2003 2005

0.0%15.0%28.0%31.0%36.0%39.6%

27.5%15.0%10.0%

39.1%35.5%30.5%

10.0%15.0%27.5%30.0%35.0%38.6%

25.0%15.0%10.0%

35.0%33.0%28.0%

10.0%15.0%25.0%28.0%33.0%35.0%

Indexing of tax brackets:

A further complication of the tax planning aspect is the fact that many of the numbers used in computing taxes are"indexed" each year to compensate for the effects of inflation. These include personal exemptions, standarddeductions, marginal tax brackets and other items.

15.0%10.0%2014

25.0%

35.0%33.0%28.0%

39.6%

Page 633/1/2015


D1aIncome Tax Planning

An important factor in any financial plan is consideration of the effect of income taxes, both now and in the future.Unfortunately there is a great deal of uncertainty about the nature of the income tax codes when it comes toplanning for the future. In recent years a number of tax changes have been passed by congress.

– Lowest tax bracket made permanent– New 39.6% tax rate introduced– Itemized deduction and exemption phaseout reinstated with higher thresholds– Child tax credit of $1,000 extended through 2017– Marriage tax penalty eliminated by rule– AMT relief made permanent with inflation indexing– Estate taxes stabilized based on 2010 law– Capital gains rates made permanent for anyone with Taxable Income less than $400,000/$450,000

ATRA In 2013, the American Taxpayer Relief Act provided some stability for future tax planning. An easy wayto summarize the effects of ATRA is this; for those earning more than $400,000/$450,000, the tax cuts of 2001 have"sunset". Changes include:

2015 tax rates

Single Rates Joint Rates

$9,225

$37,450

$90,750

$189,300

$411,500

10.00%

15.00%

25.00%

28.00%

33.00%

35.00%

$18,450

$74,900

$151,200

$230,450

$411,500

Now that Congress has made permanent changes to the tax code, new strategies and techniques are certain tocrop up. Most will likely revolve around keeping taxpayers under the new $400,000/$450,000 marginal rate, whichis also where capital gains rates increase from 15% to 20%.

Moving forward, it is important to consider the present and future tax implications and their effect on the taxstrategies you implement. The hardest part is attempting to anticipate future changes to the tax law. There willlikely be additional future changes that cannot be accurately predicted.

No Roth Conversion

25.00%

15.00%

10.00%

35.00%

33.00%

28.00%

This is the first time in more than 10 years that there is stability in the tax code moving forward. It remains to beseen what new planning techniques will be introduced, but the stability will allow more long term planning.

To make the most of tax planning, an understanding of the relative importance of planning and differenttechniques to your situation is needed. Taxpayers at the upper edge of the 35% bracket will need to make use ofstrategies that may not be necessary for those at the lower end of the 25% bracket. Current year planning can lookvery different based on the situation.

In addition, it is important to consider the long-term impact of taxes and your income streams. For instance, it maybe advantageous to convert some IRA or 401(k) money to Roth accounts in the years leading up to age 70. Thiscould reduce RMDs while in lower tax brackets so they do not push income levels into higher brackets. Tax planningdepends heavily on your situation, and not all solutions are for everyone. Make sure to work with a tax specialistwhen working to implement complex strategies.

39.60%$413,200 39.60% $464,850

Page 643/1/2015


INCOME SOURCESEarned income

Interest and dividendsRetirement distributions

Pension incomeTaxable Social Security

Capital gains

Income Tax Chart

Federal income taxes, including personal exemptions and standard deductions, are computed using the IRS taxrate tables with all amounts indexed at 2.00 % per year.

No Roth Conversion

Total Income & Other Taxes

Taxable Income

Qualified plan contributionsItemized or Standard deductions

Residence mortgage interestCharitable contributions

Property taxesOther taxes

Miscellaneous deductionsPersonal exemptions

Less

Federal Income TaxAlternate Minimum Tax

Early distribution & other taxesState Income Tax

FICA, HI (Social Security) taxesLess: Federal credits

Less: State credits

D2

Page 653/1/2015


The following calculations give an idea of the amount of taxes you might pay based on the income and assetinformation provided. These amounts are approximations only and the actual tax amounts may be higher orlower than illustrated.

Income Tax - Current Year D3

No Roth Conversion

Gross TaxableINCOME:

B9$287,000$287,000Salaries and wages

C4..C810,75410,754Interest

C6a10,75310,753Dividends*

C6 a10,75310,753Schedule D (net gain/loss)

$319,260GROSS INCOME

Adjustments:

C10-C10e($24,000)Retirement plan deposits - Stuart

(24,000)Retirement plan deposits - Sandy

$271,260ADJUSTED GROSS INCOME

Gross AllowedItemized Deductions: D10

$20,122$20,122Mortgage interest

15,96315,963Charitable contributions

2,500Medical expenses

24,48024,480Property taxes

18,23418,234State taxes

$184,461

Personal exemptions ( 4 )

($78,799)

($8,000)

$12,600

TAXABLE INCOME

Itemized deductions $78,799

or Standard deductions

D11

D7

TAX SUMMARY:

Federal Income Tax $35,905

FICA (Social Security) & HI Tax 19,996

Alternative Minimum Tax 6,486

State Income Tax 18,234

$80,621TOTAL TAXES

Your combined federal & state marginal tax bracket is 37.00 % .

Your total taxes equal 29.72 % of your Adjusted Gross Income, and 43.71% of your Taxable income.

*Dividend and Capital Gains taxed marginally at 15.00%.

Page 663/1/2015


Tax -vs- IncomeNo Roth Conversion

D4

Spendable income is defined here as your total sources of funds less the amount owed for taxes each year.Included in income sources are . . .

Earned income (salaries & wages)Pension and Social Security incomeInterest and dividends taken in cashOther (misc. income, net proceeds from sale of residence, life insurance proceeds, etc.)

Generally, income taxes will be highest during your earning years. In your later years as you start consuming yoursavings and investment accounts, the amount of income tax will gradually decrease as a percent of total income.There may be periods when the income tax is greater than the income sources. This usually occurs when you aredrawing from capital accounts to meet your need for income.

Page 673/1/2015


Tax -vs- Expense GraphNo Roth Conversion

D5

In a given year there are many factors that affect the amount of income and other taxes payable. This graphattempts to show the amount of taxes paid each year compared to other expenses. The expenses coveredinclude. . .

Personal living expensesLife insurance premiumsDebt paymentsAsset and retirement account depositsOther misc. expenses

Causes for high taxes relative to other expenses could include increased distribution from pension plans or otherqualified plans, liquidation of assets generating a capital gain, liquidation of tax-deferred investment or higheramounts of earned income compared to the scheduled expenses.

Page 683/1/2015


Tax SummaryNo Roth Conversion

Ages

D6

FederalIncome Tax

AdditionalAMT Tax

FederalCredits

1 2 3 4 5 6 7 98

Federal Income Tax Amounts

StateTax

Total Fed.Income Tax

Early distr. &other tax

TotalTaxes

FICAand HI

Tax

AdditionalState Tax

or (credits)

$42,391 $19,996 $80,621$35,90460 $6,48757 $18,564 ($330)

45,298 20,927 85,45038,15061 7,14858 19,555 (330)

48,023 21,648 89,85340,28162 7,74259 20,512 (330)

18,508 10,411 40,86818,50863 60 12,279 (330)

19,711 10,645 42,90319,71164 61 12,877 (330)

1,82865 62 2,158 (330)

1,12066 63 1,450 (330)

2,81067 64 3,140 (330)

1,08268 65 1,412 (330)

1,12869 66 1,458 (330)

8,355 17,1478,35570 67 9,122 (330)

9,062 18,3289,06271 68 9,596 (330)

19,661 32,31719,66172 69 12,986 (330)

21,155 34,38421,15573 70 13,559 (330)

23,026 37,15823,02674 71 14,462 (330)

24,975 40,04924,97575 72 15,404 (330)

26,969 43,01026,96976 73 16,371 (330)

29,544 46,65329,19577 34974 17,439 (330)

32,590 393 51,18231,45778 1,13375 18,529 (330)

35,731 925 55,97833,75779 1,97476 19,652 (330)

39,162 1,229 60,92736,29380 2,86977 20,866 (330)

42,694 1,376 65,86438,88981 3,80578 22,124 (330)

46,406 1,535 71,31141,53682 4,87079 23,700 (330)

50,314 1,704 77,04544,34983 5,96580 25,357 (330)

54,154 1,886 82,70947,07984 7,07581 26,999 (330)

58,174 2,079 88,63249,95085 8,22482 28,709 (330)

62,348 2,285 94,78952,90986 9,43983 30,486 (330)

66,470 2,503 100,89855,82287 10,64884 32,255 (330)

70,697 2,734 107,17758,89688 11,80185 34,076 (330)

74,547 2,977 112,98461,77389 12,77486 35,790 (330)

78,445 3,231 118,87264,66490 13,78187 37,526 (330)

82,328 3,497 124,77167,55091 14,77888 39,276 (330)

93,188 3,754 136,41773,68792 19,50189 39,640 (165)

95,875 4,004 145,63287,04093 8,83590 45,918 (165)

94 91D8 D12 D13, D14 D17 D17 D15

Page 693/1/2015


Taxable Income AnalysisNo Roth Conversion

Ages

D7

EarnedIncome

(includingnon-cash)

InterestDividendCap Gain

QualifiedPlan

Distribution

1 2 3 4 5 6 9 118

TaxableOrdinary

Income

Net CapitalGain, Div,§

1250

Exemp-tions

Item/StdDeductions

10

TaxableSocial

Security

Less *

7 12

PensionPlans

OtherTaxable

Income**Adjust-ments

AGI(includingcap gain)

$162,955$78,799 $21,506$287,00060 $32,26057 ($48,000) $8,000$271,260

170,89380,212 23,389295,61061 35,08458 (48,000) 8,200282,694

178,27281,633 25,578304,47862 38,30459 (49,000) 8,300293,782

93,74366,531 26,669180,30063 40,14360 (25,000) 8,500195,443

98,79467,086 27,462185,70964 41,33361 (25,000) 8,700202,042

47,035 17,78065 73,61562 8,80073,615

45,173 10,41666 64,58963 9,00064,589

46,780 27,30067 54,34764 28,932 9,20083,279

43,984 9,62968 36,60865 26,405 9,40063,013

43,369 9,89969 36,24166 26,627 9,60062,868

63,20253,5472,40063,489 23,99070 29,11867 55,532 9,800150,540

68,06653,1122,44867,424 23,81371 28,37668 56,643 9,900154,891

114,36057,5182,497117,446 11,60072 15,86069 57,776 10,100193,579

123,05057,1322,547124,713 8,50473 12,79470 58,931 10,300198,986

130,68858,5802,598132,415 9,69874 14,44371 60,110 10,600209,566

138,41860,8512,650140,576 11,28675 16,81772 61,312 10,800221,355

146,25263,1792,703148,792 13,03376 19,43173 62,538 11,000233,464

154,92865,6902,757157,921 14,95177 22,30274 63,789 11,200246,769

163,67368,2532,812167,063 17,02778 25,41375 65,065 11,400260,353

172,50170,8862,868176,355 19,25679 28,75476 66,366 11,700274,343

182,18073,6892,926186,454 21,65780 32,35277 67,694 11,900289,426

192,01176,5722,984196,666 24,24481 36,23078 69,048 12,100304,927

201,95479,8353,044207,343 27,02482 40,39779 70,428 12,400321,212

212,45583,2393,105218,490 30,00683 44,86780 71,837 12,600338,299

222,53186,6353,167229,172 33,18984 49,64281 73,274 12,900355,255

233,06090,1553,230240,198 36,58185 54,72982 74,739 13,100372,896

243,83193,7983,295251,547 40,19086 60,14383 76,234 13,400391,219

254,31797,4443,361262,474 44,01587 65,88384 77,759 13,700409,477

265,111101,1903,428273,564 48,06188 71,95685 79,314 13,900428,262

274,714104,7863,496283,274 52,31789 78,34686 80,900 14,200446,016

284,295108,4343,566292,876 56,77590 85,04387 82,518 14,500464,004

293,779112,1213,638302,284 61,43891 92,04788 84,169 14,800482,138

274,502112,2853,710310,251 65,89492 98,80489 47,467 7,550460,232

320,78874,4863,785315,647 70,25493 105,38190 48,416 7,700473,229

94 91

D18

*Adjusted for 2012 Tax Act reintroducing phaseout provision. ** Includes stock options, unrecaptured §1250 gain and other income items..

D7a C10a..C10e B12 B10 D17 D9 D6 D6 D11 C6a

Page 703/1/2015


Taxable Interest

Interest, Dividend, Capital Gain SourcesNo Roth Conversion

Ages

D7a

TaxableAccount

Tax DeferredAccount

EquityAccount

1 2 3 4 5 6 9 118

Add'lGain/Loss

§ 1250Unrecaptured

GainSale ofAssets

R/E Sale,Stock Opt.

Capital Gain / Loss

7

DividendsTotal

InterestEquity

CG Distr.Total

CG/Loss

10

$10,753 $10,753$10,754 $10,754$10,75460 57

11,695 11,69511,695 11,69511,69561 58

12,853 12,85312,726 12,72612,72662 59

13,195 13,19513,474 13,47413,47463 60

13,591 13,59113,871 13,87113,87164 61

9,858 51,32741,46911,144 11,14411,14465 62

8,124 46,10437,9809,243 9,2439,24366 63

6,704 39,10032,3967,624 7,6247,62467 64

6,021 23,49417,4736,558 6,5586,55868 65

5,242 24,65919,4175,792 5,7925,79269 66

4,717 18,86214,1455,128 5,1285,12870 67

4,153 19,25215,0994,563 4,5634,56371 68

4,101 7,3413,2404,260 4,2604,26072 69

4,215 4,2154,290 4,2904,29073 70

4,954 4,9544,745 4,7454,74574 71

5,755 5,7555,531 5,5315,53175 72

6,635 6,6356,398 6,3986,39876 73

7,601 7,6017,351 7,3517,35177 74

8,642 8,6428,386 8,3868,38678 75

9,758 9,7589,498 9,4989,49879 76

10,962 10,96210,695 10,69510,69580 77

12,259 12,25911,986 11,98611,98681 78

13,652 13,65213,373 13,37313,37382 79

15,145 15,14514,861 14,86114,86183 80

16,737 16,73716,453 16,45316,45384 81

18,433 18,43318,148 18,14818,14885 82

20,237 20,23719,953 19,95319,95386 83

22,147 22,14721,868 21,86821,86887 84

24,167 24,16723,895 23,89523,89588 85

26,287 26,28726,030 26,03026,03089 86

28,508 28,50828,268 28,26828,26890 87

30,829 30,82930,609 30,60930,60991 88

32,985 32,98532,910 32,91032,91092 89

35,128 35,12835,127 35,12735,12793 90

94 91

C6C4 C8 C5 C5 C5 B15, C12, C24 C24

Page 713/1/2015


Federal Income Tax WorksheetNo Roth Conversion

Ages

D8

FilingStatus

TaxableOrdinary

Income

Cap. Gain,Div. &

§ 1250

1 2 3 4 5 6 10 128

TotalTax

MaxCG

Rate

Cap. GainDiv &

§ 1250 Tax

OrdinaryIncome

Tax

117 13

Marginal rate brackets indexed at 2.0 %

9

$464,850 $32,679$3,226$18,450 $74,900$21,506 $35,904Joint60 $162,95557 $151,200 $230,450 15%$411,500

474,147 34,6433,50818,819 76,39823,389 38,150Joint61 170,89358 154,224 235,059 15%419,730

483,630 36,4443,83719,195 77,92625,578 40,281Joint62 178,27259 157,308 239,760 15%428,125

493,303 14,5084,00019,579 79,48426,669 18,508Joint63 93,74360 160,455 244,555 15%436,687

503,169 15,5924,11919,971 81,07427,462 19,711Joint64 98,79461 163,664 249,446 15%445,421

513,23220,370 82,69617,780Joint65 62 166,937 254,435 454,329

523,49720,778 84,35010,416Joint66 63 170,276 259,524 463,416

533,96721,193 86,03727,300Joint67 64 173,681 264,715 472,684

544,64621,617 87,7579,629Joint68 65 177,155 270,009 482,138

555,53922,049 89,5129,899Joint69 66 180,698 275,409 491,781

566,650 8,35622,490 91,30323,990 8,355Joint70 63,20267 184,312 280,917 501,616

577,983 9,06322,940 93,12923,813 9,062Joint71 68,06668 187,998 286,536 511,649

589,542 17,9211,74023,399 94,99111,600 19,661Joint72 114,36069 191,758 292,266 15%521,881

601,333 19,8801,27623,867 96,8918,504 21,155Joint73 123,05070 195,593 298,112 15%532,319

613,360 21,5721,45524,344 98,8299,698 23,026Joint74 130,68871 199,505 304,074 15%542,966

625,627 23,2821,69324,831 100,80611,286 24,975Joint75 138,41872 203,495 310,155 15%553,825

638,139 25,0141,95525,328 102,82213,033 26,969Joint76 146,25273 207,565 316,358 15%564,901

650,902 26,9532,24325,834 104,87814,951 29,195Joint77 154,92874 211,717 322,686 15%576,199

663,920 28,9032,55426,351 106,97617,027 31,457Joint78 163,67375 215,951 329,139 15%587,723

677,199 30,8702,88826,878 109,11519,256 33,757Joint79 172,50176 220,270 335,722 15%599,478

690,743 33,0453,24927,416 111,29721,657 36,293Joint80 182,18077 224,675 342,437 15%611,467

704,557 35,2523,63727,964 113,52324,244 38,889Joint81 192,01178 229,169 349,285 15%623,697

718,649 37,4834,05428,523 115,79427,024 41,536Joint82 201,95479 233,752 356,271 15%636,171

733,022 39,8484,50129,094 118,11030,006 44,349Joint83 212,45580 238,427 363,396 15%648,894

747,682 42,1024,97829,676 120,47233,189 47,079Joint84 222,53181 243,196 370,664 15%661,872

762,636 44,4635,48730,269 122,88136,581 49,950Joint85 233,06082 248,060 378,078 15%675,109

777,888 46,8806,02930,875 125,33940,190 52,909Joint86 243,83183 253,021 385,639 15%688,612

793,446 49,2206,60231,492 127,84644,015 55,822Joint87 254,31784 258,081 393,352 15%702,384

809,315 51,6877,20932,122 130,40348,061 58,896Joint88 265,11185 263,243 401,219 15%716,431

825,501 53,9257,84832,764 133,01152,317 61,773Joint89 274,71486 268,508 409,243 15%730,760

842,011 56,1488,51633,420 135,67156,775 64,664Joint90 284,29587 273,878 417,428 15%745,375

858,852 58,3359,21634,088 138,38461,438 67,550Joint91 293,77988 279,355 425,777 15%760,283

778,692 63,8039,88417,385 70,57665,894 73,687Single92 274,50289 171,022 356,744 15%775,488

794,266 76,50210,53817,733 71,98870,254 87,040Single93 320,78890 174,442 363,878 15%790,998

94 91

D7 D7

Page 723/1/2015


One HalfSelf Empl

Taxes

Adjustments to Income, Passive IncomeNo Roth Conversion

Ages

D9

QualifiedPlan

Contrib.

1 2 3 4 5 7 98 10

Self EmplMedical

PremiumsOther

AdjustmentsAlimony

PassiveGain or

(Loss)Total

AdjustmentsAllowable

Amount

LossCarry

Forward

$48,00060 $48,00057

48,00061 48,00058

49,00062 49,00059

25,00063 25,00060

25,00064 25,00061

65 62

66 63

67 64

68 65

69 66

70 67

71 68

72 69

73 70

74 71

75 72

76 73

77 74

78 75

79 76

80 77

81 78

82 79

83 80

84 81

85 82

86 83

87 84

88 85

89 86

90 87

91 88

92 89

93 90

94 91D14C10...C10e D15 C24

Page 733/1/2015


CharitableContribution

Itemized Deduction & ExemptionNo Roth Conversion

Ages

D10

MortgageInterest

Deduction

MedicalExpense &

Premium

1 2 3 4 5 6 7 98 10

Propertyand

Other Tax

StateIncome

Tax

OtherDeductible

Interest

TotalItemized

Deduction

Misc.Itemized

DeductionNo.

Exmp

PersonalExemption

4000

$18,23460 $20,12257 $24,480$15,963 $78,799 2 $4,000

19,22561 18,98658 24,97017,031 80,212 2 4,100

20,18262 17,79959 25,46918,183 81,633 2 4,150

11,94963 16,56060 25,97812,044 66,531 2 4,250

12,54764 15,26561 26,49812,777 67,086 2 4,350

1,82865 13,91262 27,0284,267 47,035 2 4,400

1,12066 12,49963 27,5683,744 45,173 2 4,500242

2,81067 11,02364 28,1204,827 46,780 2 4,600

1,08268 9,48165 28,6823,652 43,984 2 4,7001,086

1,12869 7,87166 29,2563,644 43,369 2 4,8001,470

8,79270 6,18867 29,8418,726 53,547 2 4,900

9,26671 4,43168 30,4388,978 53,112 2 4,950

12,65672 2,59569 31,04711,221 57,518 2 5,050

13,22973 70170 31,66711,534 57,132 2 5,150

14,13274 71 32,30112,147 58,580 2 5,300

15,07475 72 32,94712,831 60,851 2 5,400

16,04176 73 33,60613,532 63,179 2 5,500

17,10977 74 34,27814,304 65,690 2 5,600

18,19978 75 34,96315,091 68,253 2 5,700

19,32279 76 35,66315,902 70,886 2 5,850

20,53680 77 36,37616,776 73,689 2 5,950

21,79481 78 37,10417,675 76,572 2 6,050

23,37082 79 37,84618,619 79,835 2 6,200

25,02783 80 38,60219,609 83,239 2 6,300

26,66984 81 39,37520,592 86,635 2 6,450

28,37985 82 40,16221,614 90,155 2 6,550

30,15686 83 40,96522,677 93,798 2 6,700

31,92587 84 41,78523,735 97,444 2 6,850

33,74688 85 42,62024,824 101,190 2 6,950

35,46089 86 43,47325,853 104,786 2 7,100

37,19690 87 44,34226,895 108,434 2 7,250

38,94691 88 45,22927,946 112,121 2 7,400

39,47592 89 46,13426,677 112,285 1 7,550

93 90 47,05627,430 74,486 1 7,700

94 91

B18

Page 743/1/2015


GrossID

Itemized Deduction PhaseoutNo Roth Conversion

D11

IndexedStandard

Deduction*

1 2 3 4 5 6 87 9

Net IDTimes 80%

PhaseoutThresholdAGI

3.00%Times 6

AGI LessFloor Disallowed*

AdjustedID

Itemized Deduction Phaseout Calculations

$63,03960 $12,600 $271,260 $309,900 $78,799$78,799

64,16961 12,852 282,694 316,098 80,21280,212

65,30662 13,109 293,782 322,420 81,63381,633

53,22563 13,371 195,443 328,868 66,53166,531

53,66964 13,639 202,042 335,446 67,08667,086

37,62865 15,292 73,615 342,155 47,03547,035

36,13866 15,597 64,589 348,998 45,17345,173

37,42467 15,909 83,279 355,978 46,78046,780

35,18768 17,692 63,013 363,097 43,98443,984

34,69569 18,046 62,868 370,359 43,36943,369

42,83870 18,407 150,540 377,766 53,54753,547

42,49071 18,775 154,891 385,322 53,11253,112

46,01572 19,150 193,579 393,028 57,51857,518

45,70673 19,533 198,986 400,889 57,13257,132

46,86474 19,924 209,566 408,906 58,58058,580

48,68175 20,323 221,355 417,085 60,85160,851

50,54376 20,729 233,464 425,426 63,17963,179

52,55277 21,144 246,769 433,935 65,69065,690

54,60278 21,567 260,353 442,614 68,25368,253

56,70979 21,998 274,343 451,466 70,88670,886

58,95180 22,438 289,426 460,495 73,68973,689

61,25881 22,887 304,927 469,705 76,57276,572

63,86882 23,344 321,212 479,099 79,83579,835

66,59183 23,811 338,299 488,681 83,23983,239

69,30884 24,287 355,255 498,455 86,63586,635

72,12485 24,773 372,896 508,424 90,15590,155

75,03886 25,269 391,219 518,592 93,79893,798

77,95687 25,774 409,477 528,964 97,44497,444

80,95288 26,289 428,262 539,543 101,190101,190

83,82889 26,815 446,016 550,334 104,786104,786

86,74790 27,352 464,004 561,341 108,434108,434

89,69791 27,899 482,138 572,568 112,121112,121

89,82892 14,794 460,232 486,683 112,285112,285

59,58993 15,090 473,229 496,416 74,48674,486

94

D7D10

*Adjusted for 2012 tax code changes.

Page 753/1/2015


Alternative Minimum Tax WorksheetNo Roth Conversion

Ages

D12

TaxableIncome

+ Exemptions

MunicipalBond

IncomeItem. Ded.

Adjustments

1 2 3 4 5 6 9 118

TentativeMinimum

TaxTaxable

Cap. GainTax

Rate Tax

107 12

OtherPref. Item+ St. Opt.

LessExempt.

Amount*Taxable

(less CG)Tax

at 26%Tax

at 28%

AMT Tax on Ordinary Income AMT Tax on Capital Gains

$3,22615.00($63,031)$42,714 $42,391$192,46160 57 $150,638 $39,166 $21,506

3,50815.00(62,556)44,195 45,298202,48261 58 160,732 41,790 23,389

3,83715.00(62,275)45,651 48,023212,15062 59 169,947 44,186 25,578

3815.00(87,100)37,928 13,836128,91263 60 53,070 13,798 26,669

67915.00(88,400)39,045 15,794134,95664 61 58,138 15,116 27,462

(90,600)28,85626,58065 62

(92,500)28,68819,41666 63

(94,300)30,92936,50067 64

(96,200)29,76419,02968 65

(98,100)30,38419,49969 66

(100,100)38,633 2,99996,99270 67 11,536 2,999 23,990

(102,100)39,704 4,048101,77971 68 15,569 4,048 23,813

(104,100)43,703 16,656136,06072 69 64,063 16,656 11,600

(106,200)44,897 18,732141,85473 70 72,046 18,732 8,504

(108,300)46,433 20,649150,98674 71 79,421 20,649 9,698

(110,500)48,021 22,552160,50475 72 86,739 22,552 11,286

73015.00(112,242)49,647 25,340170,28576 73 94,657 24,611 13,033

2,24315.00(112,509)51,387 29,544181,07977 74 105,006 27,301 14,951

2,55415.00(112,710)53,162 32,590192,10078 75 115,525 30,036 17,027

2,88815.00(112,865)54,984 35,731203,45779 76 126,320 32,843 19,256

3,24915.00(112,863)56,912 39,162215,73780 77 138,130 35,914 21,657

3,63715.00(112,787)58,897 42,694228,35581 78 150,222 39,058 24,244

4,05415.00(112,677)61,216 46,406241,37882 79 162,893 42,352 27,024

4,50115.00(112,477)63,630 50,314255,06183 80 176,207 45,814 30,006

4,97815.00(112,334)66,043 54,154268,62084 81 189,140 49,176 33,189

5,48715.00(112,055)68,541 58,174282,74185 82 202,645 52,688 36,581

6,02915.00(111,739)71,121 62,348297,42186 83 216,614 56,320 40,190

6,60215.00(111,464)73,710 66,470312,03287 84 230,263 59,868 44,015

7,20915.00(111,190)76,366 70,697327,07288 85 244,187 63,489 48,061

7,84815.00(111,309)78,933 74,547341,23189 86 256,538 66,700 52,317

8,51615.00(111,373)81,539 78,445355,57090 87 268,960 69,930 56,775

9,21615.00(111,552)84,175 82,328370,01791 88 281,201 73,112 61,438

9,88415.00(47,261)85,609 93,188347,94692 89 320,400 83,304 65,894

10,53815.00(47,325)47,056 95,875398,74293 90 328,220 85,337 70,254

94 91

D7 D10

Page 763/1/2015


Early Distribution Penalty TaxNo Roth Conversion

Ages

D13

PensionIncome

AccountDistributions

Total QualifiedPlan Income

1 2 3 4 5 6 7

Stuart Sandy

PensionIncome

AccountDistributions

EarlyDistribution

PenaltyTotal Qualified

Plan IncomeTax Deferred

Accounts

60 57

61 58

62 59

63 60

64 61

65 62

66 63

67 64

68 65

69 66

70 67 63,489 63,489 2,400

71 68 67,424 67,424 2,448

72 69 71,595 71,595 45,851 48,348

73 70 76,016 76,016 48,697 51,244

74 71 80,700 80,700 51,715 54,313

75 72 85,662 85,662 54,914 57,564

76 73 90,487 90,487 58,305 61,008

77 74 96,023 96,023 61,898 64,655

78 75 101,359 101,359 65,703 68,515

79 76 106,951 106,951 69,404 72,272

80 77 112,804 112,804 73,651 76,577

81 78 118,923 118,923 77,743 80,727

82 79 125,311 125,311 82,032 85,076

83 80 131,969 131,969 86,521 89,626

84 81 137,958 137,958 91,215 94,382

85 82 144,083 144,083 96,114 99,344

86 83 150,326 150,326 101,221 104,516

87 84 156,660 156,660 105,814 109,175

88 85 163,051 163,051 110,513 113,941

89 86 167,972 167,972 115,301 118,797

90 87 172,717 172,717 120,159 123,725

91 88 177,223 177,223 125,061 128,699

92 89 181,415 181,415 128,836 132,546

93 90 183,171 183,171 132,475 136,260

94 91

B10 C10,C10a...C10e B10 C10,C10a...C10e

Page 773/1/2015


Additional Tax & DeductionsNo Roth Conversion

Age

D14

Federal(Credits) or

Additional Tax

State(Credits) orAddit'l Tax

Incr/Decrto Federal

Taxable Inc.

1 2 3 4 5 6

AdditionalCapital

Gain, (loss)

OtherPreference

AMT Income

Incr/Decrto State

Taxable Inc.

60

61

62

63

64

65

66

67

68

69

70

71

72

73

74

75

76

77

78

79

80

81

82

83

84

85

86

87

88

89

90

91

92

93

94

Page 783/1/2015


FICA WorksheetNo Roth Conversion

Age

D15

MaximumSoc Sec

Wage Base

Wages * Self Empl

1 2 3 4 5 6 7

Stuart

Wages

Age

Hosp. Ins. Hosp. Ins.

* Self Empl

Sandy

6.20% 12.40%

1.45%

2.90%

1.45%

2.90%12.40%6.20%

57 $2,102$118,50060 $7,347 $7,347$3,200

58 2,233120,87061 7,494 7,4943,707

59 2,367123,28762 7,644 7,6443,994

60125,75363 7,797 2,614

61128,26864 7,953 2,693

62130,83465

63133,45066

64136,11967

65138,84268

66141,61869

67144,45170

68147,34071

69150,28772

70153,29273

71156,35874

72159,48575

73162,67576

74165,92977

75169,24778 393

76172,63279 925

77176,08580 1,229

78179,60681 1,377

79183,19982 1,535

80186,86383 1,705

81190,60084 1,886

82194,41285 2,080

83198,30086 2,285

84202,26687 2,504

85206,31188 2,734

86210,43889 2,977

87214,64690 3,232

88218,93991 3,498

89 3,755223,31892

90 4,004227,78493

9194

* Self employed FICA tax has been adjusted to 92.35% of SE income according to IRS Form SE.** Beginning in 2013 includes additional Medicare tax from Health Care Reconciliation Act

B9 B9 B9 B9

Page 793/1/2015


Taxable Social Security WorksheetNo Roth Conversion

Ages

D16

AdjustedGross Income

(SS)Tax-FreeInterest

1 2 3 4 5 6 7 8

* ExclusionAmount

SocialSecurity

* ExclusionAmount

TaxableSS

CurrentYear

TaxableTaxable

SS

50% method (pre '94) 85% method (post '93)

$44,0005760 $271,260 $32,000

44,0005861 282,694 32,000

44,0005962 293,782 32,000

44,0006063 195,443 32,000

44,0006164 202,042 32,000

44,0006265 73,615 32,000

44,0006366 64,589 32,000

28,932 28,93244,00017,0196467 54,347 32,00034,038

26,405 26,40544,00018,0036568 36,608 32,00062,795

26,627 26,62744,00018,1336669 36,241 32,00064,051

55,532 55,53244,00032,6666770 95,007 32,00065,332

56,643 56,64344,00033,3196871 98,248 32,00066,639

57,776 57,77644,00033,9866972 135,803 32,00067,972

58,931 58,93144,00034,6667073 140,054 32,00069,331

60,110 60,11044,00035,3597174 149,456 32,00070,718

61,312 61,31244,00036,0667275 160,043 32,00072,132

62,538 62,53844,00036,7877376 170,926 32,00073,575

63,789 63,78944,00037,5237477 182,980 32,00075,046

65,065 65,06544,00038,2747578 195,288 32,00076,547

66,366 66,36644,00039,0397679 207,977 32,00078,078

67,694 67,69444,00039,8207780 221,732 32,00079,640

69,048 69,04844,00040,6167881 235,880 32,00081,232

70,428 70,42844,00041,4297982 250,784 32,00082,857

71,837 71,83744,00042,2578083 266,462 32,00084,514

73,274 73,27444,00043,1028184 281,981 32,00086,204

74,739 74,73944,00043,9648285 298,157 32,00087,929

76,234 76,23444,00044,8448386 314,985 32,00089,687

77,759 77,75944,00045,7408487 331,718 32,00091,481

79,314 79,31444,00046,6558588 348,948 32,00093,310

80,900 80,90044,00047,5888689 365,116 32,00095,177

82,518 82,51844,00048,5408790 381,485 32,00097,080

84,169 84,16944,00049,5118891 397,969 32,00099,022

47,467 47,46734,00027,9228992 412,765 25,00055,843

48,416 48,41634,00028,4809093 424,813 25,00056,9609194

D7 C7 B10

* The SS exclusion amounts are not indexed for inflation at the present time.

Page 803/1/2015


State Income Tax (est.)No Roth Conversion

Ages

D17

State

* StateTax

Code* Federal

Amount

1 2 3 4 5 6 9 118

EstimatedState

Tax

EstimatedNet State

Tax

NetState

Taxable

* StateTax

Rate

7

Add BackState Tax &Fed Exemp.

StatePersonal

Exemp.

StateCredits orAdd'l Tax

10

Incr/DecrState

Taxable

$18,564 $18,234($330)$211,025$184,461 $26,5641OR60 57

19,555 19,225(330)222,038194,282 27,7551OR61 58

20,512 20,182(330)232,661203,850 28,8121OR62 59

12,279 11,949(330)141,191120,412 20,7791OR63 60

12,877 12,547(330)147,833126,256 21,5771OR64 61

2,158 1,828(330)28,73817,780 10,9581OR65 62

1,450 1,120(330)20,86610,416 10,4501OR66 63

3,140 2,810(330)39,63927,300 12,3401OR67 64

1,412 1,082(330)20,4419,629 10,8121OR68 65

1,458 1,128(330)20,9579,899 11,0581OR69 66

9,122 8,792(330)106,11587,192 18,9221OR70 67

9,596 9,266(330)111,37491,879 19,4961OR71 68

12,986 12,656(330)149,046125,960 23,0861OR72 69

13,559 13,229(330)155,413131,554 23,8591OR73 70

14,462 14,132(330)165,448140,386 25,0621OR74 71

15,404 15,074(330)175,908149,704 26,2041OR75 72

16,371 16,041(330)186,656159,285 27,3711OR76 73

17,439 17,109(330)198,518169,879 28,6391OR77 74

18,529 18,199(330)210,628180,700 29,9291OR78 75

19,652 19,322(330)223,108191,757 31,3521OR79 76

20,866 20,536(330)236,604203,837 32,7661OR80 77

22,124 21,794(330)250,479216,255 34,2241OR81 78

23,700 23,370(330)265,078228,978 36,1001OR82 79

25,357 25,027(330)280,418242,461 37,9571OR83 80

26,999 26,669(330)295,619255,720 39,8991OR84 81

28,709 28,379(330)311,449269,641 41,8091OR85 82

30,486 30,156(330)327,908284,022 43,8861OR86 83

32,255 31,925(330)344,287298,332 45,9551OR87 84

34,076 33,746(330)361,148313,172 47,9761OR88 85

35,790 35,460(330)377,020327,030 49,9901OR89 86

37,526 37,196(330)393,096341,070 52,0261OR90 87

39,276 38,946(330)409,292355,217 54,0761OR91 88

39,640 39,475(165)387,587340,397 47,1901OR92 89

45,918 45,753(165)444,660391,042 53,6181OR93 90

94 91

D8 D14

* State tax is computed using: 1=State Tax Table or Percent of 2=Gross income, 3=AGI, 4=Federal Tax, 5=Fed Taxable Income

D14

Page 813/1/2015


SelfEmployment

Taxable Earned IncomeNo Roth Conversion

Age

D18

Salaryand Wages

IncreaseFactor

IncreaseFactor

TotalTaxable

Earned IncomeAgeIncrease

FactorSalary

and WagesSelf

EmploymentIncrease

Factor

SandyStuart

1 2 3 4 5 6 7 8

1.00$122,00060 $165,000 57 $287,0001.00

1.03125,66061 169,950 58 295,6101.03

1.06129,43062 175,049 59 304,4781.06

63 180,300 60 180,3001.09

64 185,709 61 185,7091.13

65 62

66 63

67 64

68 65

69 66

70 67

71 68

72 69

73 70

74 71

75 72

76 73

77 74

78 75

79 76

80 77

81 78

82 79

83 80

84 81

85 82

86 83

87 84

88 85

89 86

90 87

91 88

92 89

93 90

94 91

Earned income subject to income tax.

Page 823/1/2015


Summary

This section summarizes the results of the combined cash flows, their effect onyour asset accounts and income taxes.

The result is an illustration of the amount of capital available at any time, theamount of funds used for your retirement and how long funds will last.

A Monte Carlo Simulation report may be included to illustrate the fact that theresults of any retirement projection will vary based on market conditions, andother factors that are not possible to accurately predict.

Page 833/1/2015


Retirement Summary F1

No Roth Conversion

The following table summarizes the goals, assumptions and variables used in the Retirement Planning analysis.

RETIREMENT GOALS: SandyStuart

6065Retirement Age

9091Life ExpectancyB8$50,000Retirement Living Expenses (after-tax) Today's $B859,672Retirement Living Expenses (after-tax) Inflated

3.60%Standard of Living Inflation Rate

RETIREMENT CAPITAL:

7.50%Rate of Return - Pre-Retirement (pre-tax)C3$1,735,800Total Assets Available for RetirementB848,000Annual Additions to Qualified AccountsB8900Annual Additions to Other Accounts

RETIREMENT INCOME (pre-tax): SandyStuart

6567Social Security Starting Age

$28,076$34,038Social Security Benefit

2.00%Social Security COLA

67Pension 1 Starting Age

2,400Pension 1 Benefit

Pension 1 Survivorship

2.00%Pension 1 COLA

OTHER INCOME/EXPENSE ITEMS (pre-tax):B12$47,335Other IncomeB12(40,233)Other Goals

INCOME TAXES:D337.00%Marginal Tax Rate (Federal & State)D329.72%Effective Tax Rate

RETIREMENT ANALYSIS:

2,816,807Amount Available at Retirement

5,274,218Retirement Assets at Age 93

Your assets may last through life expectancy.

Page 843/1/2015


Retirement EstimateNo Roth Conversion

F2

As inflation increases the amount of income needed for your standard of living, there is the potential need to drawincreasing amounts out of savings, investments and retirement accounts.

The graph shows how long your capital might last. The objective is to assure that your capital is properly managedso that it will last at least until your life expectancy.

If the capital is depleted before your need for income has ceased, then you will become dependent on yourpensions, Social Security, relatives or public sources. If there is capital remaining when your need for income stopsthen the remaining capital is available for your heirs.

The line allows you to visualize the annual expenses as compared to your capital accounts.

If the bars dip below the "0" level on the graph, it indicates that you have consumed all your savings, investment,and retirement accounts, and your spending requirements have caused a "deficit" spending situation - a need forfunds where none exists.

Page 853/1/2015


Retirement Capital EstimateNo Roth Conversion

Ages *

F3

Begin. Yr.Account

Totals

1 2 3 4 5 76 8

EarnedIncome

** InvestmentAcct Distr.

** RetirementAcct Distr.

Other Inc.& St. Opt.

Pensions/Soc Sec

AnnualSurplus

Ending YearAccount

Totals

Income and Capital DistributionsAnnual

ExpensesIncl. Tax

$287,00060 $1,735,800 $14,776 $1,953,681($272,224)57

295,61061 1,953,681 854 2,172,265(296,464)58

304,47962 2,172,265 14,091 2,424,511(290,388)59

180,30063 2,424,511 33,574 2,613,380(213,874)60

185,70964 2,613,380 33,630 2,816,807(219,339)61

65 2,816,807 173,716 2,819,944(173,716)62

66 2,819,944 151,193 2,846,617(151,193)63

34,03867 2,846,617 124,270 2,902,913(158,308)64

62,79568 2,902,913 23,43372,434 3,016,567(158,662)65

64,05169 3,016,567 23,90274,116 3,135,866(162,069)66

67,73270 3,135,866 63,489 55,435 3,216,502(186,656)67

69,08771 3,216,502 67,424 55,186 3,298,561(191,697)68

70,46972 3,298,561 117,446 21,432 3,369,101(209,348)69

71,87873 3,369,101 124,713 10,034 3,448,506(206,625)70

73,31674 3,448,506 132,415 28,350 3,564,856(177,381)71

74,78275 3,564,856 140,576 30,263 3,682,296(185,095)72

76,27876 3,682,296 148,792 32,026 3,800,686(193,044)73

77,80377 3,800,686 157,921 33,828 3,919,180(201,896)74

79,35978 3,919,180 167,063 34,616 4,036,724(211,806)75

80,94679 4,036,724 176,355 35,131 4,152,814(222,170)76

82,56680 4,152,814 186,454 36,102 4,266,996(232,918)77

84,21681 4,266,996 196,666 37,029 4,378,981(243,853)78

85,90182 4,378,981 207,343 37,719 4,487,899(255,525)79

87,61983 4,487,899 218,490 38,391 4,593,044(267,718)80

89,37184 4,593,044 229,172 38,514 4,694,087(280,029)81

91,15985 4,694,087 240,198 38,517 4,790,279(292,840)82

92,98286 4,790,279 251,547 38,393 4,880,838(306,136)83

94,84287 4,880,838 262,474 37,719 4,965,266(319,597)84

96,73888 4,965,266 273,564 36,818 5,042,758(333,484)85

98,67389 5,042,758 283,274 34,872 5,113,215(347,075)86

100,64690 5,113,215 292,876 32,519 5,175,865(361,003)87

102,66091 5,175,865 302,284 29,742 5,229,965(375,202)88 1

59,55392 5,229,965 310,251 10,245 5,259,131(359,559)89

60,74593 5,259,131 315,647 219 5,274,218(376,173)90 2

94 5,274,218 5,274,21891

C3aB12, B12aB10C4...C8C10...C10eB9B8

*Note - 1 = Stuart's life expectancy age. 2 = Sandy's life expectancy age.**Investment and Retirement distributions include withdrawals from account totals to satisfy "Income needed" shortages from Cash Flow report.

Page 863/1/2015


F4Monte Carlo

Monte Carlo Simulation illustrates possible variations in growth and/or depletion of retirement capital underunpredictable future conditions. The simulation introduces uncertainty by fluctuating annual rates of return on assets.The graph and related calculations do not presuppose or analyze any particular investment or investment strategy.This long-term hypothetical model is used to help show potential effects of market volatility and possible effects onyour financial future. This is not a projection, but an illustration of uncertainty.

The simulations begin in the current year and model potential asset level changes over time. Included are all capitalassets, both tax advantaged and taxable, all expenses, including education funding if applicable, pension benefits andSocial Security benefits. Observing results from these large number of simulations may offer insight into the shape,trends and potential range of future retirement plan outcomes under volatile market conditions.

Results from 10,000 Monte Carlo Simulations:$5,274,218 Percentage of results above zero*

Maximum Monte Carlo result

Average Monte Carlo result Percentage with $ remaining at Stuart's age 83

Percentage with $ remaining at Stuart's age 88Minimum (worst case) result

Original Retirement Capital estimate

Percentage with $ remaining at Stuart's age 78

*Percent of times money is remaining at last age shown.

$0

$5,323,878

$41,908,911

99%

100%

100%

92%

The bold line is the estimated retirement capital value over time using fixed rates.

Annual rate of return of 7.50% in the original retirement estimate varied from 6.57% to 7.50% based on portfolio changes over time.

This simulation used a 6.50% standard deviation to create ten thousand sets of normally distributed random rates of return

based on the annual rates of return in the original estimate (95% of the rates fall between -6.43% and 20.50%).

A standard deviation rate of 2.00% was applied to the inflation rate used on personal expenses.

The Monte Carlo illustration above points out the uncertainty of future retirement capital outcomes.It is important that you return regularly for a review of your goals and financial condition, in order

to assure that appropriate periodic adjustments are made to your financial affairs.

IMPORTANT: The projections or other information generated in this report regarding the likelihood of variousinvestment outcomes are hypothetical in nature, do not reflect actual investment products or results and are notguarantees of future results. Results may vary with each report and over time. Results of this simulation are neitherguarantees nor projections of future results. Information is for illustrative purposes only. Do not rely on this report topredict actual performance of any investment or investment strategy.

No Roth Conversion

The original capital estimate indicated a possibility of having $5,274,218 in assets remaining at last life expectancy. MonteCarlo simulation, using 10,000 trials of the same assets, income and expenses, resulted in a 92% probability of having

funds remaining at last life expectancy, and an average amount of $5,323,878 remaining.

Page 873/1/2015


F5Monte Carlo Details

Financial analysis can help you evaluate your status in relationship to your financial goals and objectives. Inpreparing your financial analysis various assumptions were used, including income available, annual expenses,amount of money currently invested and rates of return on retirement assets. The analysis of potential fundsavailable for use in retirement included an assumed "fixed" or "static" rate of return on each asset type -taxable, tax-free, tax-deferred, equity and retirement accounts.

Use of a fixed or static rate (where the initial rate used remains static throughout the analysis) can be helpful forvisualizing potential future values to see how long your money might last, but may not reflect what happens inthe real world of finance.

The Monte Carlo illustration applies a concept of variable rates of return on assets over time, in an attempt toillustrate what might happen in a situation where the returns on assets may be positive in some years andnegative in other years. Since there is no way to predict either the positive or negative years or the amount ofgain or loss that the assets might be exposed to, a Monte Carlo Simulation is used. This involves preparation of10,000 separate projections of your financial future, where a rate of return is randomly selected every year ineach of the 10,000 simulations.

Standard Deviation:

Fixed or Static rates:

Variable Rates:

Original Result -vs.- Monte Carlo:

Monte Carlo Simulation Minimum, Average and Maximum Dollar ResultsValues above the Monte Carlo graph indicate the best, worst and average results at the end of 10,000 MonteCarlo simulations. These show the range of results (high and low), and the average of all Monte Carlo results. Allvalues are based on results at the life expectancy of the last to die or the ages shown.

The term "standard deviation" refers to the extent of variability, or deviation, above or below the normalaverage that was used in the original illustration. This illustration uses a blended standard deviation rate basedon the assumption that our portfolio will consist of various asset components. Assets like CD's, bonds andsavings will be conservative and have a low variation in rate. Other assets like stocks, mutual funds, real estate,etc. will likely show a greater degree of variability in rate of return. It is also assumed that the mix of assets willchange as your goals and time horizon changes.

The bold blue line in the Monte Carlo graph represents the amount of funds available using the fixed or staticrates of return. This outcome is unlikely to be realized, because in reality the rates of return will vary each year.The Monte Carlo illustration shows additional lines representing the range of results using variable rates ofreturn each year for each of the 10,000 Monte Carlo simulations. The Monte Carlo "tornado" chart makes itclear that there is a great range of potential outcomes that could be realized in the future.

This represents the lowest return of 10,000 simulations. In most cases at least some of theseresults will be zero (0), indicating that funds ran out prior to life expectancy.

This is the average of all positive Monte Carlo simulations. The average may or may not besimilar to the Original Retirement Capital Estimate.

This result represents the highest accumulation of the 10,000 simulations.

IMPORTANT: The projections or other information generated in the reports regarding the likelihood of variousinvestment outcomes are hypothetical in nature, do not reflect actual investment results and are not guarantees of

future results. Each Monte Carlo Simulation is unique; results vary with each use over time.

Minimum

Average

Maximum

No Roth Conversion

Page 883/1/2015


28% +

14.5 - 25.5%

8 - 12%

4 - 7%

16%+

11 - 15%

8 - 10%

4 - 7%

1 - 3%

Standard DeviationWeighted average

portfolio rate

Standard Deviations

Since the typical portfolio (as described above) will generally include many different asset classes and willchange over time, we have not attempted to identify any particular historical asset class on which to base thestandard deviation. Unless a specific standard deviation rate has been chosen by you, the following table isused to represent a portfolio of mixed assets. The weighted average rate of the portfolio is used to choose a st

Because a typical portfolio may consist of a mixture of fixed assets with a low standard deviation as well assome equity assets with higher standard deviations, and the portfolio mix is expected to change over theyears, the Monte Carlo report uses a blended, and conservative standard deviation rate. If the weightedaverage rate on your entire portfolio is low, then the standard deviation rate used will be low. If the portfoliorate is higher, then the standard deviation rate will be higher. In order to present a more conservative look atthe Monte Carlo result, the actual rate selected may be lower than a rate on any single asset class. The rate isnot intended to represent any one asset type, is hypothetical and used for illustration purposes only.

Portfolio Return Volatility

In broad terms, assets with low rates of return usually demonstrate lower volatility than assets and portfolioswith potentially high rates. Assets with low rates and volatility would include CD's, bonds, savings, moneymarket accounts and other fixed rate of return assets. Those with higher volatility include stocks, mutual fundsand other investment assets. While future financial returns cannot be predicted, it is possible to modelpotential results by applying a standard deviation to the average rate of return, based on the past or expectedlevel of volatility, and using a Monte Carlo simulation model.

F5aStandard Deviation

Standard deviation is a measure of the extent to which the rate of return on a financial asset varies from theaverage return in a given period of time. It is a measure of the volatility or risk of the asset.

Standard Deviation

In this presentation no single asset class or investment portfolio is assumed to be used. Instead the entireportfolio of savings, bonds, investments, retirement accounts, real estate and other assets used for retirementaccumulation are treated as a group, and the current weighted average rate of return is calculated on theportfolio. Then a hypothetical standard deviation rate is applied based on the average rate, with a lowstandard deviation rate used if the portfolio rate is low and a higher standard deviation rate used for higherportfolio rates. This method may result in a standard deviation rate lower than reported on some specificasset classes, but will provide a reasonable illustration of a mixed portfolio as described above.

No Roth Conversion

3%

Page 893/1/2015


Net Worth ReportNo Roth Conversion

Ages

F6

Savingsand

Investments

Retirementand RothAccounts

Real EstateMarket

Value

1 2 3 4 5 6 7

Autos &PersonalProperty

Life Insur.Cash

ValuesNet

Worth

TotalAsset

ValuesLess

Liabilities

8

$2,996,10057 $565,000 ($472,000)60 $85,000$1,170,800 $1,632,000 $15,300 $3,468,100

3,275,52258 623,703 (446,522)61 80,7501,329,978 1,664,640 22,973 3,722,044

3,557,64759 670,529 (419,908)62 76,7131,501,736 1,697,933 30,645 3,977,555

3,877,76260 736,433 (392,107)63 72,8771,688,078 1,731,891 40,590 4,269,869

4,136,61061 757,633 (363,066)64 69,2331,855,747 1,766,529 50,535 4,499,677

4,412,18662 780,365 (332,731)65 65,7712,036,442 1,801,860 60,479 4,744,918

4,482,48163 651,133 (301,043)66 62,4832,168,811 1,837,897 63,200 4,783,524

4,578,60864 536,833 (267,942)67 59,3592,309,783 1,874,655 65,920 4,846,550

4,706,72865 442,994 (233,365)68 56,3912,459,919 1,912,148 68,641 4,940,093

4,894,64466 396,753 (197,246)69 53,5712,619,814 1,950,391 71,361 5,091,890

5,090,72267 345,764 (159,517)70 50,8932,790,102 1,989,399 74,082 5,250,239

5,250,73468 310,813 (120,105)71 48,3482,905,689 2,029,187 76,802 5,370,839

5,414,84969 273,848 (78,936)72 45,9313,024,713 2,069,771 79,523 5,493,785

5,570,21370 269,446 (35,931)73 43,6343,099,655 2,111,166 82,243 5,606,144

5,728,31171 276,56674 41,4523,171,940 2,153,389 84,964 5,728,311

5,888,37772 323,91175 39,3803,240,945 2,196,457 87,684 5,888,377

6,050,49773 376,31576 37,4113,305,981 2,240,386 90,404 6,050,497

6,214,54574 433,95277 35,5403,366,734 2,285,194 93,125 6,214,545

6,379,68775 497,20278 33,7633,421,979 2,330,898 95,845 6,379,687

6,544,88176 565,37979 32,0753,471,345 2,377,516 98,566 6,544,881

6,709,63977 638,52180 30,4713,514,294 2,425,066 101,286 6,709,639

6,873,51878 717,42481 28,9483,549,572 2,473,567 104,007 6,873,518

7,036,24779 802,41682 27,5003,576,565 2,523,039 106,727 7,036,247

7,196,97280 893,64783 26,1253,594,252 2,573,500 109,448 7,196,972

7,355,00281 991,50484 24,8193,601,541 2,624,970 112,168 7,355,002

7,510,02382 1,095,84985 23,5783,598,238 2,677,469 114,889 7,510,023

7,661,30683 1,206,98086 22,3993,583,299 2,731,018 117,609 7,661,306

7,808,08784 1,325,20787 21,2793,555,632 2,785,639 120,330 7,808,087

7,949,88285 1,450,41988 20,2153,514,846 2,841,352 123,050 7,949,882

8,085,91286 1,582,83789 19,2053,459,921 2,898,179 125,771 8,085,912

8,216,09287 1,721,84790 18,2443,391,368 2,956,142 128,491 8,216,092

8,339,67488 1,867,45491 17,3323,308,411 3,015,265 131,212 8,339,674

8,366,21989 2,019,64992 16,4653,210,316 3,075,570 44,218 8,366,219

8,457,50790 2,161,53993 15,6423,097,592 3,137,082 45,653 8,457,507

8,488,90191 2,302,26694 14,8602,971,952 3,199,823 8,488,901C3 B15, C23 F7 B16C3 B18b

Page 903/1/2015


Personal AssetsNo Roth Conversion

Ages

F7

Art, Antiques Autos Boats, RVs

1 2 3 4 5 6 7

Personal Prop.Jewelry, Furs

TotalPersonal

AssetsOther

57 $85,00060 $85,000

58 80,75061 80,750

59 76,71362 76,713

60 72,87763 72,877

61 69,23364 69,233

62 65,77165 65,771

63 62,48366 62,483

64 59,35967 59,359

65 56,39168 56,391

66 53,57169 53,571

67 50,89370 50,893

68 48,34871 48,348

69 45,93172 45,931

70 43,63473 43,634

71 41,45274 41,452

72 39,38075 39,380

73 37,41176 37,411

74 35,54077 35,540

75 33,76378 33,763

76 32,07579 32,075

77 30,47180 30,471

78 28,94881 28,948

79 27,50082 27,500

80 26,12583 26,125

81 24,81984 24,819

82 23,57885 23,578

83 22,39986 22,399

84 21,27987 21,279

85 20,21588 20,215

86 19,20589 19,205

87 18,24490 18,244

88 17,33291 17,332

89 16,46592 16,465

90 15,64293 15,642

91 14,86094 14,860

Page 913/1/2015


Withdrawal RatesNo Roth Conversion

Ages

F8

AccountBalance

Personal &CompanyAdditions

AnnualReturn

TotalFunds

Available

PersonalWithdrawals

and RMD

NetWithdrawal

Rate (%)Surplus

or (Shortage)

TotalWithdrawal

Account *

60 $1,735,800 $14,77657 $1,938,905$69,420 $133,685 $14,776

0.0461 1,953,681 (854)58 2,173,11970,036 149,402 (854)

62 2,172,265 14,09159 2,410,42071,670 166,485 14,091

1.2763 2,424,511 (33,574)60 2,646,95440,324 182,119 (33,574)

1.1864 2,613,380 (33,630)61 2,850,43740,757 196,300 (33,630)

5.8065 2,816,807 (173,716)62 2,993,660176,853 (173,716)

5.0466 2,819,944 (151,193)63 2,997,810177,866 (151,193)

4.1167 2,846,616 (124,270)64 3,027,183180,567 (124,270)

2.3468 2,902,913 (72,434)65 3,089,001186,088 (72,434)

2.3169 3,016,567 (74,116)66 3,209,982193,415 (74,116)

3.5770 3,135,866 (118,924)67 3,335,426199,560 (63,489) (55,435)

3.5871 3,216,502 (122,610)68 3,421,171204,669 (67,424) (55,186)

3.9672 3,298,561 (138,878)69 3,507,979209,418 (117,446) (21,432)

3.7673 3,369,101 (134,747)70 3,583,253214,152 (124,713) (10,034)

2.8474 3,448,506 (104,065)71 3,668,921220,415 (132,415) 28,350

2.9175 3,564,856 (110,313)72 3,792,609227,753 (140,576) 30,263

2.9876 3,682,296 (116,766)73 3,917,452235,156 (148,792) 32,026

3.0777 3,800,686 (124,093)74 4,043,274242,588 (157,921) 33,828

3.1878 3,919,181 (132,447)75 4,169,170249,989 (167,063) 34,616

3.2979 4,036,724 (141,224)76 4,294,038257,314 (176,355) 35,131

3.4080 4,152,815 (150,352)77 4,417,348264,533 (186,454) 36,102

3.5281 4,266,996 (159,637)78 4,538,617271,621 (196,666) 37,029

3.6482 4,378,981 (169,624)79 4,657,523278,542 (207,343) 37,719

3.7783 4,487,899 (180,099)80 4,773,144285,245 (218,490) 38,391

3.9084 4,593,045 (190,658)81 4,884,745291,700 (229,172) 38,514

4.0485 4,694,087 (201,681)82 4,991,959297,872 (240,198) 38,517

4.1886 4,790,279 (213,153)83 5,093,992303,713 (251,547) 38,394

4.3387 4,880,839 (224,755)84 5,190,021309,182 (262,474) 37,719

4.4888 4,965,265 (236,746)85 5,279,504314,239 (273,564) 36,818

4.6389 5,042,758 (248,401)86 5,361,615318,857 (283,274) 34,873

4.7990 5,113,215 (260,357)87 5,436,223323,008 (292,876) 32,519

4.9591 5,175,865 (272,542)88 5,502,508326,643 (302,284) 29,742

5.4092 5,229,965 (300,006)89 5,559,137329,172 (310,251) 10,245

5.6493 5,259,131 (315,428)90 5,589,645330,514 (315,647) 219

94 5,274,21891 5,274,218C3a C3a C3a B7 B7

* Negative percent equals withdrawal, positive equals deposit. N/A or blank indicates capital is fully consumed.

Page 923/1/2015


Withdrawal Rates AnalysisNo Roth Conversion

F8a

The following graph measures your spending as a percent of capital each year. It uses a "moving average" method tosmooth the lines into an average withdrawal rate over one, three, five and ten year periods.

Withdrawal Rate Averages

Annual range (rate for each year) 5.80%

It is important to ensure that income is available when you need it. If some of the income requirements are to bemet from the capital you have accumulated, then monitoring the rate at which you are spending capital is critical.

The bar graph, indicated on the left scale, measures your capital values available at each year. The line, using theright scale, represents the dollar amounts withdrawn from your assets to meet spending requirements.

High Low *

0.00%

Average

3.41%

5.33% 0.01% 3.45%Three year average range

5.08% 0.50% 3.50%Five year average range

4.64% 2.21% 3.49%Ten year average range

* Years when there is a positive cash flow and no withdrawals are required result in a 0% withdrawal rate.

Page 933/1/2015


Input Data

Page 943/1/2015


10/5/1954

91

57

90

Stuart Sandy

6065

6/8/1957

60

Cover page name

City/State/Zip

Home address Married?

Scenario

Personal Information:

Stuart & Sandy SampleNo Roth Conversion

, OR

Footnote

Dependents

Age

Prepared by

Retire ageAlternate Life Expectancy

Page 1

Birthdate

Entry Date / Cover date 3/17/2015 3/1/2015

Yes2/24/2015 2015

Age now Dependent to age Educ cost # Years Start year

Increase rate on education expenses 3.90% Rate of return on education funds 6.00%

Assets:

Asset Type totals:Starting $ balance $565,000

taxable*Fully

deferred*Tax Tax

free*Equity

& other

Ordinary income assets

Dividend rate

Capital gain rate

Interest rate

Appreciation rate

*Rates shown as Dividend, Capital Gain or Appreciation on these accounts will be combined and treated as interest..

5.75 7.506.00Pre-retirement rate 6.00

6.00Post-retirement rate 6.00 6.505.75

Default rates (if no assets are entered with a current rate)

Asset Additions/ WithdrawalsCurrent monthly additionsInitial increase rate

taxable* free*Equity

& otherTaxFully

deferred*Tax

75

1,632,000

Boats/RVs (Personal)

Personal Property

Jewelry/Furs (Personal)

Residence

Art/Antiques (Personal)

Other (Personal Assets)

Automobiles (Personal)

2.00%

85,000 -5.00%

decrease rateIncrease or

valueCurrent

Personal Assets:

Page 953/1/2015


24,000 7.50%

24,000 13,200

7,320

balance return*Rate of

7.50%

7.50%

7.50%

7.50%

7.50%

7.50%

477,300

Page 2

Sandy7.50%Stuart 693,500

Roth IRA - Stuart

Retirement Accounts (Defined Contribution/IRA/Roth):

Roth IRA - Sandy

Company*

#3 #4#1

Interest rate on new mortgage loanNew mortgage (% to finance)

#2

Number of years for the new loan

Residence for sale:

Yes

Cost of replacement home (in today's dollars)

Account Additions per yearPersonal*

Calculate penalty tax for per-59.5 distributions

Default rate of return for retirement plans & Roth IRA

*Amounts and rates are for the current year only and may vary in future years.

Sales costs (percent of sale price)

Client age at sale

Current residence market valueAppreciation rate

Loan and mortgage Loan Balance Interest %Payment / mo.Mortgage $472,000 $3,800 4.37%Residence Mortgage - BofA

Cash flow management Taxable Tax-Free

100

100

Equity/OtherTax-DeferredReinvest surplus cash flow

change to...65After age

Ignore pre-retirement cash flow surplus or shortage? (1=yes)

Page 963/1/2015


Page 3

- or - compute benefit at what % of maximum

Benefit increase rate (cola)

Age to start retirement benefits

Not subject to FICA tax?

Actual SS monthly benefit $ amount (today's $) 1

65

85

200200

67

85

1

Social Security Benefits:

165,000 3.00%

Not qualified for Social Security benefits.

Stuart Sandy

Income Information:

60

70

75

80

65

85

Age amountPer year

rateIncrease

Stuart salary

70

60

Per yearamountAge

Stuart self employment

Increaserate

65

80

75

85

82

72

77

62

rateIncrease

Sandy salary

Age amountPer year

3.00%122,00057

67

Sandy self empl

Increaserate

Per yearamountAge

82

62

77

72

67

57 3.00%

Pension Income:

Stuart

SurvivorPer monthtoday's $ percent

State taxexempt

Client Pension 2Client Pension 1

percenttoday's $ exemptState tax

Sandy

Per month Survivor

Spouse Pension 1 $200Spouse Pension 2

Page 973/1/2015


Page 4

Tax Data:

2Index rate for exemptions, tax tables, retire penalty tax

JointTax filing status (1 =Single, 2=Joint, 3=Head of H)

NoIncome tax sunset provision takes effect - pre 2001 tax rules reinstated.

PercentStateState Income Taxes:

ORState tax estimate is based on state tax tables.

--

Annual$ Dollar% of GrossAmount Increase %-and/or-Itemized Deductions: Income

Miscellaneous

3.00%Charitable contributions 5Other deductible interest

Other tax (not prop. or state)

Property tax -% of residence market value 2

2,500 5.00%Medical expenses

Increase %$ AmountOther Adjustments:

Self employed medical insurance premiums (total amount) ...amount/increase rate...Alimony - payable to age ...

Monte Carlo Simulation standard deviation rates:

6.50%Asset standard deviation

2.00%Inflation standard deviation

Life Insurance:

amount premium termCompany Insured DescriptionLoanCash value

amountAnnualFace

ANLIC Sandy 5 year term $75,000 $375

Met Life Stuart Whole Life 100,000 1,900 12,450 2,500

NWML Sandy Whole Life 60,000 650 2,850

Miscellaneous Insurance:Company Insured Description PremiumType

Auto Indiv1 Auto PremiumStuart $200

Disability Indiv1 Disability PremiumStuart 450

Homeowners, P&C, Other Indiv1 Other PremiumStuart 385

Auto Indiv2 Auto PremiumSandy 200

Page 983/1/2015


Description

Age whenchange

occurs

Amountin

today's $

Increase(decrease)

rate

% Ord.taxable

income

Taxabledollar

amount

Other Income / Expense:

Page 5

58Sale of equipment 2.00



68Sale of equipment 20,000 2.00

70Sale of equipment

Page 993/1/2015


Current

Per monthDescription

Page 6

Personal Expenses:

Per year Increase

Expenses 50,000 3.60%

Page 1003/1/2015


Documents

Personal Retirement Analysis - cdn2