Life After Work How to Create a Sustainable Income Stream in Retirement Presented by [Name] [Firm name] [Disclosures]
This is a PREVIEW ONLY version of this program.
Learn to present this workshop to clients and advisors as part of Advisor/Client’s “Host a Retirement Income Workshop”
Host A Retirement Income Workshop includes:
Complete guide for how to give a client workshop.
Workshop presentation (FINRA-reviewed): Script and slides for "Life After Work: How to Create a Sustainable Income Stream in Retirement“
Invitations, telephone script and e-mail campaign (FINRA-reviewed)
Workshop evaluation form and appointment request form.
Client worksheet and document checklist for first appointment
Article reprints (FINRA-reviewed) for discussion, sharing, and follow-up.
How much income you will need
Where that income will come from
When you will startPURPOSES Social Security ONLY FOR REVIEW Whether or not you should work
How to manage withdrawals for a sustainable lifestyle
FOR REVIEW PURPOSES ONLY
Source: Best-Case Strategies for a Flexible Retirement, Metlife Mature Market Institute, February 2011
Where will you live? What will you do? ONLY FOR REVIEW PURPOSES How long will you live? What surprises does life hold? 6
Considerations ◦ ◦ ◦ ◦ ◦
Proximity to children and grandchildren Affordability Employment and business opportunities Travel plans General preferences
FOR REVIEW PURPOSES ONLY Climate Culture Recreation
Income-generating activities ◦ Employment ◦ Own business (profitable)
Expense-generating activities FOR REVIEW PURPOSES ONLY ◦ Hobbies ◦ Travel ◦ Own business (startup)
Average life expectancy – only useful for insurance companies Your life expectancy – how to estimate
60 20.7 23.8PURPOSES ONLY FOR REVIEW
Source: Centers for Disease Control and Prevention, Table 7
Life expectancy to ensure your money lasts: age 95 or 100 9
Health Family Economy REVIEW FOR Major disasters
Clothing and personal items
Discretionary: hobbies, travel, etc.
FOR REVIEW PURPOSES ONLY Transportation $_______
These slides removed from preview. Slide 12- Retirement Income Sources Slide 13- Retirement Income Sources, Average Slide 14- Retirement Income Sources, Lowest Quintile FOR Slide 15Retirement Income Sources, Highest REVIEW PURPOSES ONLY Quintile Slide 16- Social Security- How Much Will You Receive? Slide 17- Pension Slide 18- Work
These slides removed from preview. Slide 19- Asset Income from Personal Savings Slide 20- Asset Income, Possible Approaches Slide 21- “Live Off the Interest” Slide 22- “Mandatory vs. Discretionary” Slide 23- “4% Rule” Slide 24- “Bucket Strategy” FOR REVIEW PURPOSES ONLY Slide 25- “Pros and Cons” Slide 26- What About Income Taxes? Slide 27- Best Case Strategist Slide 28- Best Case Strategist (cont.) Slide 29- How We Can Help Slide 30- Action Plan Slide 31- Contact Us
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How to Create a Sustainable Income Stream in Retirement