Advisor/Client Solution
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Advisor/Client Solution
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For Preview
Use Only
Advisor/Client Solution
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Strategy Brief:
Host a Retirement Income Workshop
Opportunity Retirement income is a top concern of pre-retirees (high earners aged 50-65+).
Fears about the economy in general and their portfolios specifically have
caused pre-retirees to rethink their retirement date and pay closer attention to
revenue streams and costs in retirement. This pain point offers advisors an
opportunity to showcase their expertise in retirement planning, and to offer
new and expanded services to current clients and prospects in the pre-retiree
niche.
Audience 20-25 clients & guests, prospects, referral targets, COIs
Objectives To expand retirement planning business by hosting one or more workshops for
small groups of affluent pre-retirees
• Showcase expertise in retirement income planning
• Get in front of groups of pre-retirees
• Make it easy for clients to bring in referrals
• Educate clients, prospects, and COIs
• Promote retirement planning services
• Set appointments
Resources Client materials:
• Workshop Sign-In Sheet
• Workshop Handouts
o Agenda (Finra reviewed)
o "Paycheck" Worksheets (Finra reviewed)
o Evaluation & Request for Information Form (Finra reviewed)
• Presentation
o "Life After Work" Power Point presentation (Finra reviewed)
• Client reprints (Finra reviewed):
o 5 Questions to Ask Yourself 5 Years Before You Retire
o Get Ready for 7 Serious Life Transitions Ahead
o Planning for a 30-Year Retirement
o The Art of Managing Retirement Assumptions
o The Importance of Asset Location in Retirement Income Planning
o Cracking the Nest Egg
o Retirement Income: Which Accounts to Tap First
• Client Meeting Confirmation
• Client Meeting Document Checklist
Advisor marketing materials:
• Retirement Income Strategy Brief
• Retirement Income Workshop Checklist & Schedule
• Email Invitations & Reminders (Finra reviewed)
• Post Card (Finra reviewed)
• Retirement Income Invitation List Worksheet
• "Life After Work" Script (Finra reviewed)
• Phone scripts
o Invitation call for client, prospect, COI
o Reminder call (assistant)
Advisor/Client Solution
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o Follow-up call
• Thank You Note & Follow-Up Emails
• Advisor Meeting Checklist
Time Frame Anytime
Compliance 8 weeks prior
Action Plan Phase 1: Promote
1. Prepare invitation list
2. Mail postcards
3. Email invitations
4. Phone invitations
Phase 2: Host
1. Make event arrangements
2. Prepare workshop materials
3. Host workshop
Phase 3: Follow-Up
1. Thank you notes
2. Phone calls
3. Email drip series
Phase 4: Meeting
1. Appointment confirmation
2. Client Document Checklist
3. Advisor Checklist & Resources
Advisor/Client Solution
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Retirement Income Workshop
Schedule & Checklist
EIGHT WEEKS PRIOR
� Pick date and time
� Choose an assistant to help
� Submit materials to compliance
SIX WEEKS PRIOR
� Create a list of clients and prospects to invite
� Book location and arrange for any equipment needed
FIVE WEEKS PRIOR
� Review presentation
� Assemble handout materials (Assistant)
� Workshop Sign-In Sheet
� Workshop Agenda
� Workshop "Paycheck" Worksheets
� Evaluation Form & Request for Information
� Advisor Marketing kit
� Other __________________
� Prepare follow-up material (Assistant)
� Client Reprints
� Client Meeting Confirmation
� Client Meeting Document Checklist
� Advisor Meeting Checklist
FOUR WEEKS PRIOR
� Mail postcards
� Update web site, LinkedIn & other social media
� Make food/beverage arrangements (Assistant)
� Send out confirmations
THREE WEEKS PRIOR
� Send email invitations
� Send out confirmations
� Other ___________
TWO WEEKS PRIOR
� Make phone calls
� Send out confirmations
� Practice presentation
� Email first reminder with directions 7-10 days prior (Assistant)
� Confirm space (Assistant)
� Pick up any supplies (Assistant)
� Other _____________________
Advisor/Client Solution
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ONE WEEK PRIOR
� Phone call reminder 2-3 days before event (Assistant)
� Send out email reminders with directions as needed (Assistant)
� Practice presentation
� Check food and beverage order (Assistant)
� Pre-address thank-you notes (Assistant)
DAY BEFORE
� Final call reminders (Assistant)
� Final email reminder (Assistant)
� Practice presentation
� Finalize food and beverage (Assistant)
DAY OF EVENT
� Event setup
� Take notes (Assistant)
� Ready handouts
� Give presentation
DAY AFTER
� Review evaluation forms
� Mail thank-you notes
ONE WEEK AFTER
� Call attendees 1-3 days after event to set appointments
� Email "The Art of Managing Retirement Assumptions"
TWO WEEKS AFTER
� Email "The Importance of Asset Location in Retirement Income Planning"
� Call attendees to set appointment
THREE WEEKS AFTER
� Email "Planning for a 30-Year Retirement"
� Call attendees to set appointment
Advisor/Client Solution
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Postcard
Front
Back
Advisor/Client Solution
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Postcard Finra Review Letter
Advisor/Client Solution
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Email Invitation & Reminders
Email: Invitation
To: Pre-retiree clients & prospects
From: You
Date: 3 weeks from workshop
Subject: How to design your retirement paycheck
Dear [Name]:
You are cordially invited to attend a very special workshop: "Life After Work: How to
Create a Sustainable Income Stream in Retirement."
At this one-hour seminar you will learn
� Why you need a retirement income plan
� 4 questions to ask before you retire
� How to determine how much income you will need in retirement
� The 4 primary sources of retirement income
� 4 popular withdrawal strategies and the pros and cons of each
� The 12 things a “best-case strategist” does to ensure a sustainable stream of income in
retirement
Whether you plan to stop work all at once, or ease into retirement by working part time,
at some point you will need to arrange for multiple sources of income to replace your
paycheck. What do you need to think about as you transition from work life to retired
life? Where will your income come from? How can you make it last?
Join us for an enlightening seminar that will get you thinking about your next phase of
life and what you need to do to prepare for it.
Presented by
[Name], [Firm name and address]
[Date], [Time], [Location]
Please RSVP: [phone, email]
Best,
[Advisor Name]
[Advisor Contact Information]
[Disclosures]
Advisor/Client Solution
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Email: Workshop Confirmation
To: Workshop Participants
From: You
Date: Immediately after acceptance
Subject: Life After Work confirmation
Dear [Name],
I'm so happy you can join us for our "Life After Work" workshop.
For your calendar, our one-hour discussion will take place on [Date and Time] at
[Location].
My assistant, [name], or I will be in touch in about two weeks to remind you of the
workshop and give you directions if you need them. If you have any questions, please
don't hesitate to call either one of us.
Again, I'm glad you could join us. I look forward to talking with you.
Sincerely,
[Advisor Name]
[Advisor Contact Information]
[Disclosures]
Advisor/Client Solution
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Email: Reminder with Driving Directions To: Workshop Participants
From: You or your assistant
Date: One Week Out
Subject: Reminder: "Life After Work" Retirement workshop
Attachment: Driving Directions
Dear [Name],
Hello, this is just a reminder of our "Life After Work" workshop coming up on [Date and
Time] at [Location].
For your convenience, I will be sending you one final reminder on the day before the
event. I’ve also attached driving directions here, but feel free to call if you have any
questions about the location.
We look forward to seeing you there!
Sincerely,
[Advisor Name]
[Advisor Contact Information]
[Disclosures]
Advisor/Client Solution
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Email: Day Before Reminder To: Workshop Participants
From: You or your assistant
Date: Day before
Subject: Reminder: Tomorrow is our Life After Work workshop!
Dear [Name],
Don’t forget to join us tomorrow for our "Life After Work" discussion.
Once again, the session is scheduled for:
[Date and Time]
[Location]
I look forward to seeing you there!
Sincerely,
[Advisor Name]
[Advisor Contact Information]
[Disclosures]
Advisor/Client Solution
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Email Invitation & Reminders Finra Review Letter
Advisor/Client Solution
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Thank You Note & Follow-Up Emails Thank You Note: Email or Handwritten Mail Dear [Name],
Thank you for participating in our “Life After Work” workshop. Your [insert personal
comment on the attendee, a question he might have asked, a conversation you had,
etc.] was [insightful…greatly appreciated… greatly contributed] to the discussion and is
probably something we should explore
in-depth.
Based on the conversation we had in the workshop, I will be sending you a few articles
on building a retirement income plan that I think you will find helpful. And I will be in
touch to see if I can answer any further questions.
Again, thank you for coming to the workshop, and if I can be of any service, please don't
hesitate to give me a call.
Sincerely,
[Advisor Name]
Advisor/Client Solution
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Email: Follow-Up with Reprint #1 To: Workshop Participants
From: You
Date: One week after
Subject: The Art of Managing Retirement Assumptions
Attachment: "The Art of Managing Retirement Assumptions"
Dear [Name],
I really enjoyed meeting with you at our workshop last week. I hope you found it helpful
in making decisions about your retirement.
As I mentioned in the workshop, I have a couple of articles that could help you manage
the different aspects of planning your retirement income.
Today's article deals with setting and managing retirement assumptions. There are
seven very common mistakes people make in preparing for retirement. Fortunately, you
can easily sidestep these mistakes with a little advance planning.
If you have any questions about any aspect of retirement planning, please feel free to
give me a call. And if you would like a second opinion on your current retirement plan,
I'd be happy to take a look at no obligation to you.
Sincerely,
[Advisor Name]
[Advisor Contact Information]
[Disclosures]
Advisor/Client Solution
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Email: Follow-Up with Reprint #2 To: Workshop Participants
From: You
Date: Two weeks after
Subject: Managing your future tax bills
Attachment: "The Importance of Asset Location in Retirement Income Planning"
Dear [Name],
I hope you enjoyed last week’s article on "The Art of Managing Retirement
Assumptions." The interplay of assumptions can have a long-lived affect on creating a
comfortable retirement.
Another aspect to retirement planning is managing your future tax bills. Certain types of
income are taxed differently depending if they are in an IRA or a taxable account. As you
move into retirement, you may want to reposition certain assets to take advantage of
current tax rules.
If this article raises any questions about your investments and where they are located,
please feel free to give me a call. And if you would like a second opinion on your
portfolio, I'd be happy to take a look at no obligation to you.
Wishing you the best,
[Advisor Name]
[Advisor Contact Information]
[Disclosures]
Advisor/Client Solution
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Email: Follow-Up with Reprint #3 To: Workshop Participants
From: You
Date: Three weeks after
Subject: A strategy for improving your retirement benefits
Attachment: "Planning for a 30-Year Retirement"
Dear [Name],
I hope you enjoyed last week’s article on "The Importance of Asset Location in
Retirement Income Planning." It can be a confusing subject, but one that should be
reviewed as think about your retirement.
The last article in this series on retirement income planning discusses the challenges of
planning for a 30-year retirement, and the need for a comprehensive retirement income
plan.
I hope these articles have been helpful in clarifying some of the issues in creating
retirement income.
As always, if you would like a second opinion on your retirement plan or current
investment portfolio, please feel free to contact me. There is absolutely no obligation to
you.
Sincerely,
[Advisor Name]
[Advisor Contact Information]
[Disclosures]
Advisor/Client Solution
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Phone Script Invitations & Reminders Phone Script: Client Invitation
Hello [Name],
This is [your name]. I’d like to invite you to a workshop I’m holding. Can I
tell you about it?
[If yes] The topic is creating income streams in retirement. I’ll cover how to
tap into the various retirement accounts. Strategies for creating income.
Taxes. And how to maintain your lifestyle in retirement.
The workshop is on [date and time] at [location). It's not a big workshop. I
like to keep these things small so we can really talk about the issues. I know
your retirement is not too far off, at least in terms of planning. And I thought
you might like to attend. Would you like to come?
[If yes] Terrific. I’ll send you an email with the date, time, and location for
your calendar.
Will you be bringing (spouse or partner)?
I have room for a guest or two if you'd like to invite someone who is nearing
retirement. Would you?
Great. May I have their names?
See you on the (date). I’m so glad you can come! And if something comes
up and you won’t be able to attend, just let me know. Space is limited and I
sometimes have a waiting list.
[If no] I’m sorry to hear that you won’t be able to attend. However, this is a
workshop I will be holding several times over the next few months. What
would be a better date for you? Perhaps I can arrange that.
[If maybe] May I call you back next week?
Courtesy of Shawn Greene, Savage & Greene
Advisor/Client Solution
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Phone Script: Prospect Invitation
Hello [Name],
This is [your name]. I’d like to invite you to a workshop I’m holding. Can I
tell you about it?
I'm hosting a small workshop on creating income streams in retirement. We
will be discussing how to tap into the different kinds of retirement
accounts… strategies for creating income… taxes… how to maintain a
comfortable lifestyle in retirement…
It's not a big workshop–I like to keep these things small so we can really talk
about the issues. I'm restricting it to about 20-25 clients. If you would like to
attend, I would be happy to have you as my guest.
The workshop is on [date and time] at [location). Can I reserve a seat or two
for you?
[If yes] Terrific, I’ll send you an email with the date, time, and location for
your calendar. Will you be bringing a spouse or a partner?
[If no] I’m sorry to hear that you won’t be able to attend. However, this is a
workshop I will be holding several times over the next few months. What
would be a better date for you? Perhaps I can arrange that.
[If maybe] May I call you back next week?
Courtesy of Shawn Greene, Savage & Greene
Advisor/Client Solution
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Phone Script: COI Invitation
Hello [Name],
This is [your name]. I’d like to invite you to a workshop I’m holding. Can I
tell you about it?
I'm hosting a small workshop for clients on income planning in retirement.
We will be discussing how to tap into retirement accounts… withdrawal
strategies… tax considerations… income needs.
It's not a big workshop–I like to keep these things small to facilitate
conversation among the attendees, so I'm limiting it to only about 20-25
clients, but you are very welcome to join us. We will be covering a number
of retirement issues that are particularly relevant to pre-retirees right now.
The workshop is on [date and time] at [location). Can I reserve a seat for
you? Would you like to bring a guest?
[If yes] Terrific, I’ll send you an email with the date, time, and location for
your calendar.
[If no] I’m sorry to hear that you won’t be able to attend. However, this is a
workshop I will be holding several times over the next few months. What
would be a better date for you? Perhaps I can arrange that.
[If maybe] May I call you back next week?
Courtesy of Shawn Greene, Savage & Greene
Advisor/Client Solution
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Phone Script: Alternative Invitations (Prospects)
Hello [Name],
This is [your name]. I'm calling because 2 weeks from (day), I'm hosting a
small workshop for some of my clients on how to create income streams in
retirement. We will be reviewing how to tap into the different kinds of
retirement accounts… strategies for creating income … how to maintain a
comfortable lifestyle in retirement…
While this is intended for clients, there is a spot that has become available. If
you'd like to sit in, I'd be pleased to have you along as my guest.
Phone Script: Referral Invitation for Clients Who are Attending
Hello [Name],
This is [your name]. I'm so glad you can make it next (day). As you know
this workshop has a limited number of seats, but I have had a last minute
cancellation. I have one extra spot and was wondering whether one of your
friends or business colleagues might be interested in coming along with you?
Courtesy of Dan Richards, Strategic Imperatives
Advisor/Client Solution
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Phone Script: Reminder #1
Hello [name],
Hi, I wanted to remind you that your Retirement Income workshop is
coming up in 2 days. Do you have the directions and the time? How about
your guests? Can you tell me a little bit about them so I make a good first
impression?
Terrific. And if you have any questions that you would like me to cover
during the workshop, feel free to send them to me by email or, of course, ask
during the workshop. But if I know you have a particular question, I can
make sure we cover it during the discussion.
Phone Script: Reminder #2
Hello [name],
Hi, we are checking in with you one last time to remind you of tomorrow's
workshop at (time) and (location). Do you know how to get there? I can you
send directions if you need them.
OK. Great. We are looking forward to seeing you (and guest) there.
Advisor/Client Solution
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Follow-Up Phone Scripts Phone Script: Client/Prospect Call After Event
Hello [Name],
This is [your name]. I enjoyed seeing you at the workshop the other day.
What did you think? (Listen & comment.)
Of all the different issues discussed, what would you say is the more critical
one for you? (Listen & comment.)
That's an excellent observation. You know there are some options we could
explore that could help you with that. Why don't we get together in my
office and talk about what's available to you? When would be a good time to
meet?
Phone Script: COI Call After Event
Hello [Name],
This is [your name]. I enjoyed seeing you at the workshop the other day.
What did you think? (Listen & comment.)
Of all the different issues discussed, what would you say is the more critical
one for you and your clients? (Listen & comment.)
That's an excellent observation. You know I have some material on that
particular issue that I would be happy to send to you. Or even better, would
you like to get together for lunch and discuss some of the finer points of
(that particular issue)? There are some nuances involved that we couldn't get
to in the workshop. Great! What would be a good time for you?
Advisor/Client Solution
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Retirement Income List Worksheet To retrieve:
1. Go to AC page
2. Download RetirementIncomeInvitationList.xls
Advisor/Client Solution
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Workshop Sign-In Sheet
[Advisor Name]
"Life After Work" Retirement Income Workshop
[Date of Presentation]
Welcome and Thank You for Joining Us!
Please print your name, email, and phone number. Please sign in all guests.
Name Email Address Phone Number
[Advisor Name], [Advisor Contact Information], [Advisor Disclosures]
Advisor/Client Solution
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Workshop Agenda
Life After Work: How to Create a Sustainable
Income Stream in Retirement
Workshop Agenda
A. Pre-Workshop
• Meet [Insert Advisor's first name]
• Sign-in you your guests
B. Opening Remarks
C. Workshop Presentation
• 4 Questions for Determining Lifestyle in Retirement
• Income Needs in Retirement
• Retirement Income Sources
• 4 Approaches to Structuring Income
• Income Tax Considerations
• Best Case Strategies
• How We Can Help
• Action Plan
D. Open Discussion/Q&A
E. Closing Remarks
• Complete Evaluation Form (yellow)
• Request additional information
[Advisor Name]
[Advisor Contact Information]
[Advisor Disclosures]
Advisor/Client Solution
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Workshop Agenda Finra Review Letter
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Workshop "Paycheck" Worksheets
Life After Work
How to Create a Sustainable Income
Stream in Retirement
Presented by
[Name]
[Firm name]
[Disclosures]
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1. A retirement income plan helps you determine:
o How much __________________ you will need
o __________________ that income will come from
o When you will start __________________
o Whether or not you should __________________
o How to manage __________________ for a sustainable lifestyle
2. What are some reasons for retirement confidence?
o __________________ stream of income
o Sufficient __________________
o Can liquidate __________________
o Can __________________ if need to
3. Imagining your life
o __________________ will you live?
o What will you __________________?
o __________________ will you live?
o What __________________ does life hold?
4. Where will you live? Considerations:
o Proximity to __________________ and __________________
o __________________ or __________________ opportunities
o __________________ plans
o General preferences such as __________________,
__________________, and __________________.
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5. What will you do?
o Income-generating activities:
_______________________________________
o Expense-generating activities:
_______________________________________
6. How long will you live?
o Refer to table
o Go to www.livingto100.com
o Life expectancy to ensure your money lasts: ______ or ______
7. What surprises does life hold?
o ___________________________________________
o ___________________________________________
o ___________________________________________
o ___________________________________________
8. How much income will you need?
o Housing $ __________________
o Food $ __________________
o Transportation $ __________________
o Clothing and personal items $ __________________
o Discretionary $ __________________
o Insurance $ __________________
o Taxes $ __________________
Advisor/Client Solution
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9. Retirement income sources
Social Security Inflation-adjusted __________________
Guaranteed for ____________________
Pensions __________________income
Guaranteed for __________________
Earnings from work Fixed or __________________income
Not __________________; will cease with ill health or
old age
Asset income Fixed or variable __________________
Must __________________for sustainability
10. Retirement income sources – average
o Social Security _____%
o Earnings _____%
o Pensions _____%
o Asset income _____%
11. Social Security
o How much? Go to SSA Retirement __________________ at
www.ssa.gov/estimator
o When should you start? The longer you __________________, the
__________________ your benefit will be.
o Two ways to analyze:
o __________ age: Start later if expect to live longer than age _____.
o __________ protection: Start later to ensure __________________
income in old age.
Advisor/Client Solution
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11. Pension
o Will you __________________ one?
o __________________ do you become eligible for it?
o __________________ will it be?
o What are your options?
a) Annuity: __________________ life; joint and _________________
b) __________________ sum
12. Work
o Will you __________________ during retirement?
o What will you __________________?
o __________________/time; __________________/
o How much __________________ can you expect?
o How __________________ can you expect to work?
13. Asset income from personal savings
o Create an income stream from:
a) __________________ accounts
b) __________________ accounts
c) __________________ equity
o Integrate with other sources of income
a) Social __________________
b) Pension
c) Income from __________________
14. Asset income: possible approaches
o “Live off the __________________“
o “Mandatory vs. __________________”
o “__________________ rule”
o “__________________ strategy”
Advisor/Client Solution
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15. “Live off the interest”
o Assets are invested in __________________-oriented securities and
investment products
a) Bonds
b) Dividend-paying __________________
c) Master limited __________________
o Income is spent as it is __________________
o Principal remains __________________
16. “Mandatory vs. discretionary”
o Mandatory expenses are funded by __________________ income such
as Social Security
o Discretionary expenses are funded by investments offering
__________________ potential and __________________ protection.
17. “4% rule”
o Assets are invested for __________________ return.
o Withdrawals may come from interest, __________________, capital
gains, or __________________.
o Withdrawal amount not dependent on __________________ earnings.
o First-year withdrawal = ___% of account value
o Subsequent withdrawals increase each year by __________________
rate.
18. “Bucket strategy”
o Assets are placed in buckets corresponding to:
a) __________________ horizon: 0-5 years, 5-10 years, >10 years
b) Expenses: __________________fund, rainy-day fund,
__________________ care, long-term care
Advisor/Client Solution
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19. Pros and cons
Pros Cons
“Live off the interest”
Simplicity __________________ income No __________________ protection
“Mandatory vs. discretionary”
Peace of mind that basic expenses will be met
Complexity of vehicles offering __________________, inflation-adjusted income Discretionary fund subject to __________________
“4% rule” Predictable Inflation protection
Success depends on investment __________________-- Could either run out of money or die with too much (i.e., deprive yourself of more comfortable lifestyle)
“Bucket strategy”
Flexibility Inflation protection Potentially more income
Complexity Harder to set up Requires close __________________ Success depends on investment __________________
20. Best-case strategist
o Has a sense of __________________-reliance
o Thinks about the future — all the way to the __________________
o Anticipates or expects the __________________
o Designates a budget column, today, for a __________________self
o Sets and lives by __________________financial rules
o Stops, sits down, and focuses on the __________________...and talks
about it
o Engages in the “__________________?”
o Puts pencil to paper (or cursor to screen); does the ________________—
all of it
o Gathers __________________
o Seeks __________________
Advisor/Client Solution
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o Gets the __________________in order — literally
o Starts as __________________as possible
21. How we can help
o Life planning: Questions to help you _________________ your life in
retirement
o Budgeting
− Determining your __________________ needs
− Identifying __________________ of retirement income
o Account management
− __________________ rollovers
− __________________ conversions
− Establishing suitable __________________ plan
− Help with __________________ minimum distributions
o Portfolio management
− Investments
− Financial products
Advisor/Client Solution
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and punishable by civil and criminal penalty. For permission and more information, contact
Workshop "Paycheck" Worksheets Finra Review Letter
Advisor/Client Solution
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Unauthorized use, reproduction or distribution of the material contained in this report is a violation of federal law
and punishable by civil and criminal penalty. For permission and more information, contact
Life After Work PowerPoint & Script
To Retrieve:
1. Go to AC page
2. Download PowerPoint Slides
3. Download Word Script
Advisor/Client Solution
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Life After Work PowerPoint & Script Finra Review Letter
Advisor/Client Solution
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Unauthorized use, reproduction or distribution of the material contained in this report is a violation of federal law
and punishable by civil and criminal penalty. For permission and more information, contact
Workshop Evaluation & Request for Information
Evaluation & Request for Information Contact information Name __________________________________________________________ Address ________________________________________________________ _______________________________________________________________ Telephone ______________________________________________________ Email __________________________________________________________ Seminar evaluation How would you rate the seminar (1 = low; 5 = high)?
1 2 3 4 5
Comments ________________________________________________________________________________________________________________________________ Next steps 1. I would like to schedule an appointment to discuss retirement income planning:
� Within the next 6 months � 6-12 months from now � More than 12 months from now
� I plan to retire in ________________________________. � I am already retired.
2. I would like more information on:
� Life planning � Budgeting � Account management
� IRA rollovers � Roth conversions � Withdrawal plans � Assistance with required minimum distributions
� Portfolio management 3. I have a question about: ________________________________________________________________________________________________________________________________ [Advisor Name], [Advisor Contact Information], [Advisor Disclosures]
Advisor/Client Solution
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and punishable by civil and criminal penalty. For permission and more information, contact
Workshop Evaluation & Request for Information Finra Review Letter
Advisor/Client Solution
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and punishable by civil and criminal penalty. For permission and more information, contact
Client Reprints Finra Review Letters
Go to the Advisor/Client Client Reprint section to personalize and download the complete article and Finra review letter.
• 5 Questions to Ask 5 Year Before You Retire • Get Ready for 7 Serious Life Transitions • Planning for 30-Year Retirement • Art of Managing Retirement Assumptions • Importance of Asset Location • Retirement Income: Which Accounts to Tap First (client version) • Cracking the Nest Egg (client version)
Advisor/Client Solution
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and punishable by civil and criminal penalty. For permission and more information, contact
Advisor/Client Solution
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and punishable by civil and criminal penalty. For permission and more information, contact
Finra Review
pending
Advisor/Client Solution
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and punishable by civil and criminal penalty. For permission and more information, contact
Client Meeting Confirmation
Retirement Income Planning Meeting With
[Name of advisor]
[Contact information]
This confirms your appointment on:
______________________________________________________
Directions and parking information:
[fill in]
To prepare for your appointment:
1. Begin considering the 4 key questions:
• Where will you live?
• What will you do?
• How long will you live?
• What surprises does life hold?
2. Gather documents – see Document Checklist and bring as many as possible to our
meeting
3. Make a list of questions and concerns you would like to have addressed during your
first planning meeting.
Advisor/Client Solution
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and punishable by civil and criminal penalty. For permission and more information, contact
Client Meeting Document Checklist
Retirement Income Planning Document Checklist
In order to tailor a retirement income plan to meet your life goals we will need to see the following documents. Please bring the following documents to our next scheduled meeting.
√
1
Account statements
Please bring recent statements for all of your:
� Checking and savings accounts
� Brokerage accounts
� Mutual funds
� Annuities
� Employee stock purchase plans
� Stock options
� Real estate
� Business interests and other investments
2
Retirement plan statements
Please bring account statements for the following:
� All IRAs
� All 401(k)s
� Other retirement plans (profit-sharing, etc.)
3
Credit card statements and other loan information
To help with budgeting
� Credit cards
� Mortgages
� Auto loans
� Student loans
� Business loans
� Personal loans
4
Tax returns
� Most recent income tax return
� Statements or other documentation showing the cost basis and
current value of assets owned outside retirement accounts
Advisor/Client Solution
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and punishable by civil and criminal penalty. For permission and more information, contact
5
Insurance policies
� Life insurance policies and statements
� Disability insurance
� Health insurance
� Long-term care
6
Social Security statements
� Latest benefit estimate from the Social Security Administration
� Or, if statement not available, benefit estimate from SSA
Retirement Estimator at www.ssa.gov/estimator
7
Estate Planning
� Beneficiary designations for IRAs, life insurance, annuities,
employer-sponsored retirement plans
� A copy of your latest will and letter of instructions
� Trust documents
� Power of attorney for health care
� Power of attorney for financial matters
Questions
Please jot down your most pressing questions and concerns.
_________________________________________________________________
_________________________________________________________________
_________________________________________________________________
_________________________________________________________________
_________________________________________________________________
Other advisors
Please furnish the name and contact information for other advisors, including
investment, tax and estate planning.
_________________________________________________________________
_________________________________________________________________
_________________________________________________________________
_________________________________________________________________
_________________________________________________________________
Advisor/Client Solution
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and punishable by civil and criminal penalty. For permission and more information, contact
Client Meeting Confirmation & Document Checklist Finra Review Letter
Advisor/Client Solution
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Unauthorized use, reproduction or distribution of the material contained in this report is a violation of federal law
and punishable by civil and criminal penalty. For permission and more information, contact
Advisor Meeting Checklist
Advisor Meeting Checklist:
Retirement Income Planning
√
1
Life Planning – Have clients made decisions about:
• Where they will live
• What they will do
• How long they might live
• What surprises life might hold
2
Budgeting
• Have clients estimated their expenses in retirement?
o Mandatory expenses: housing, food, transportation,
personal items
o Discretionary expenses: hobbies, travel, etc.
o Insurance premiums: health (Medicare), home, auto,
life, long-term care
o Taxes: federal and state income tax on wages,
investment income, retirement plan distributions,
Social Security
• Have they identified sources of income and the approximate
amount of each?
o Social Security
o Pensions
o Income from work
o Asset income
3
Account Management
• Do you know about all of the client’s
o Retirement accounts
o Investment and savings accounts
o Other assets such as real estate
• Do clients need help with:
• IRA rollovers
• Roth conversions
• Withdrawal plans
• Assistance with RMDs
4
Portfolio Management
• Are current investments suitable for retirement?
• If not, has a plan been established for transitioning to a
retirement portfolio?
Advisor/Client Solution
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Unauthorized use, reproduction or distribution of the material contained in this report is a violation of federal law
and punishable by civil and criminal penalty. For permission and more information, contact
Horsesmouth Resources
Retirement Income Planning
• Become a Retirement Income Specialist (76468)
• Planning for a 30-Year Retirement (80820)
• Cracking the Nest Egg: When Accumulation Becomes Distribution (79507)
• A 6-Step Retirement Income Strategy for Mid-Market Clients (84475)
• The Art of Managing Retirement Assumptions (80471)
• Drafting Clients' Retirement Plans—A Checklist (73051)
• The Zone System for Choosing Retirement Income Products, Parts 1 & 2 (79765
& 79766)
Life Planning Resources
• Reinvent Your Practice With a Life-Planning Approach (85858)
• How Life Planning Changed My Practice (79710)
• Life Planning: 11 Areas to Cover With Clients (71670)
• 5 Questions to Ask Clients 5 Years Before They Retire (75015)
• 16 Lifestyle Questions to Ask Retiring Clients (76728)
• Explore Clients' Meta-Goals Before Setting a Strategy (78283)
• 8 Reasons That Clients 'Flunk' Retirement--And How You Can Help (76224)
Account Management Resources
• IRA Rollovers: Pros Generally Outweigh Cons (74925)
• Taxes Will Make or Break 2010 Roth Conversions (84059)
• The Portfolio vs. the VA: Which Is More Capital Efficient for Retirees? (84855)
• What the Experts Say About 4% Withdrawal Rates (80037)
• The 'Bucket' Approach to Asset Allocation (79704)
• Inherited IRAs: Preserving the Stretch (82003)
Retirement Income Marketing
• The Prospecting Mindset That Works Today (84687)
• 'Will I Run Out of Money in Retirement?' (84018)
• Change Today, or Lose Clients Tomorrow (84234)
• A Single Sentence That Tripled Referrals (86096)
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