PREP and Boomertirement

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PREP and Boomertirement

• Insert Name, Designations
• PREP Partner

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Your Rights
As Seen in USA Today
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A Couple Aged 65
Source Society of Actuaries RP-2000 Table (with
full projection)
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New Retirement Challenges

• Government program uncertainty
• Pension terminations
• Decreased personal savings rates
• Increased debt
• Skyrocketing healthcare costs
• Sandwich generation
• Rising Cost of Living

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There is Hope!

• Taking Any Action to Better PREP for Retirement
  is Better Than Doing Nothing!

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Lifestyle Retiring Retirement
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Lifestyle Taking Action

• Working (10 years to retirement)
• Live within your current financial means and save
  for retirement at a rate that is consistent with
  your age.
• Near-Retirement (Less than 10 years)
• Maintain a lifestyle within your means while you
  consider and anticipate the lifestyle you want
  during retirement.
• Retired
• Enjoy and live within the lifestyle you have
  earned and decide how to pass along your dreams
  to future generations.

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Life Income Accumulation

• Traditional retirement income sources
• Personal savings
• Employer pension plans
• 401(k)s, IRAs, annuities
• Social security
• Work income
• Also consider
• Home equity
• Working longer

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Life Income Distribution

• Equally important to accumulation
• Sustainable for 25-30 years
• Accumulation strategies can be harmful in
  distribution
• Major risks
• Inflation
• Sequence of returns
• Longevity

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Life Income Inflation Risk
Source Society of Actuaries RP-2000 Table (with
full projection)
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Life Income Sequence of Returns Risk
Portfolio Invested in SP 500
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Life Income Solutions

• Insurance products, including annuities
• Pseudo-Pensions
• Provide protection against all distribution risks
• Have a plan for
• Risk management strategies
• Tax-efficient exit strategies

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Life Income Taking Action

• Working (10 years to retirement)
• Save for yourself and those you care about first,
  by accumulating financial assets and minimizing
  debt.
• Near-retirement (Less than 10 years)
• Analyze your available retirement benefits and
  finalize plans to ensure sustainable income
  during retirement years.
• Retired
• Ensure your withdrawal rate is sustainable so you
  and those you care about never run out of money.

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Lifeboats

• Baby Boomers top fears
• Ability to afford health insurance
• Major illness
• Nursing home
• Dying

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Lifeboats Taking Action

• Working (10 years to retirement)
• Protect against pre-mature death, disability and
  early retirement while you can qualify.
• Near-Retirement (Less than 10 years)
• Preserve and protect assets you have accumulated
  to insure yourself against devastating current
  and future financial risks.
• Retired
• Protect your assets and independence against the
  potential burden of unforeseen and uncontrollable
  expenses.

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Remember

• Taking Any Action to Better PREP for Retirement
  is Better Than Doing Nothing!

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For More Information

• www.PREPpartnership.com

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Thank You

• Insert member contact information