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Retirement Presentation
Retirement Presentation
49427P
08/16/12
A Well-Designed Retirement Income Plan to Help Ensure You Have - and Maintain the Retirement Lifestyle You Envision.
49427P 08/16/2012
Agenda
Benefits of Creating a Retirement Income Plan Risks to a Retirement Income Plan Things to Consider When Creating a Retirement Income Strategy How to Create a Plan For Living
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Benefits of Creating a Retirement Income Plan Help Ensure the Lifestyle You Want Protection Against Retirement Risks Understand Your Expenses and Income Sources
Time invested now can pay dividends in the future
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Standard & Poors 02/27/2012. Annual returns including dividends. Past performance is not indicative of future results.
Design a retirement income plan that can withstand the markets volatility
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67%
50%
75%
Income sources guaranteed for life can help ensure your money lasts for your lifetime
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Genworths 2012 Cost of Care Survey, conducted by CareScout, April 2012, assumes 44 hours per week
The cost of care can vary depending on type of care and location. Visit Genworth.com/CostofCare for More Information
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Things to Consider
Social Security Portfolio Withdrawal Rate Delay Retirement Work Part-time
Pays for a portion of essential expenses The age at which benefits begin greatly impacts the amount received
Understand the limitations of a 4% withdrawal strategy Extra years of earning can improve sustainability of lifestyle
Convert Assets into Ensure consistent monthly income for life to cover at least essential expenses Guaranteed Income Inflation
May seem minimal year to year, but its cumulative impact over a 20-30 year retirement can be significant
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Start Planning
Important Document Checklist
Recent bank and credit card statements Pension Information (if applicable) Most recent Social Security benefits summary Current financial portfolio information (stocks, bonds, annuities, mutual funds, insurance, etc.) Summaries of other assets, such as real estate and business valuation Gathering and organizing important documents is a critical step in the planning process
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Essential Expenses
Housing & Utilities Food Clothing Transportation Insurance Medical Expenses
Discretionary Expenses
Travel Dining out Entertainment Charitable giving Cultural events Sporting activities
Your current expenses can help create a realistic plan for the future
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Guaranteed Income
Social Security Pension Income Annuities
Expected Income
Portfolio Withdrawals Wages Rental Income Asset Sales (Downsize of home)
Using your current expenses can help create a realistic plan for the future
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Take Action
Step 1: Gather important documents Step 2: Complete the Plan For Living Workbook outlining your expenses and income sources. Step 3: Work with a Financial Professional to ensure your needs are covered and your questions are answered.
In Conclusion
Retirement can present challenges:
Decreased assets due to market volatility Living longer, requiring more money for retirement Rising health and long term care costs
Disclaimers
All guarantees are based on the claims paying ability of the issuing company. Long term care insurance is underwritten by Genworth Life Insurance Company and in New York, by Genworth Life Insurance Company of New York. Annuities are issued by: Genworth Life Insurance Company, Genworth Life and Annuity Insurance Company, Richmond, VA, and in New York, by Genworth Life Insurance Company of New York, 666 Third Avenue, 9th Floor, New York, NY 10017. Only Genworth Life of New York is licensed to conduct business in New York. The discussion of tax treatments in this presentation are the Genworth Financial companies' interpretation of current tax law and is not intended as tax advise. You should consult your tax professional regarding your specific situation. Genworth, Genworth Financial and the Genworth logo are registered service marks of Genworth Financial, Inc.
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