Manage

Once you reach retirement, you'll need a thoughtful plan to help you manage the distribution of your hard-earned savings.

Manage your portfolio sensibly.

• Identify sources of Income.
• Evaluate life expectancy, inflation, and tax implications.
• Determine your retirement Paycheck .
• Rebalance periodically to stay on track.
• Other Items to consider

Identify sources of Income.

Review your current savings and sources of retirement income by Identifying sources of income and cash flow during retirement.

• Pension (defined benefit)
• IRA's
• Mutual Funds
• Profit sharing/401K (defined contribution)
• Social Security

• Stocks and Bonds
• Certificates of Deposit
• Annuities
• Other

Evaluate life expectancy, inflation, and tax implications.

• How much monthly income you have for retirement depends a great deal on how long you expect to live. Get an estimate of your life expectancy based on your current age, smoking habits, gender and several other important lifestyle choices. Consider adding 4 to 5 years to this estimate to help protect against running out of money.
• Inflation can also be a factor and should be considered when determining future retirement cash needs.
• Determine your retirement tax rate and its affect on your retirement income,

Determine your retirement Paycheck .

• Develop a cash flow plan.
• Set aside cash to cover spending needs for six months to one year in investment such as a money market, certificate of deposit and other savings. The key is to have access to your money with out taking large penalties.
• Evaluate converting a portion of your savings into an annuity as a way to guarantee* a set payment for life.
  *Guarantees are based on the claims paying ability of the issuer.
• Evaluate other assets that could be converted to income.
• Set up an automatic withdrawal plan that schedules a regular PayCheck to yourself.
• ENJOY YOUR RETIREMENT!

Rebalance periodically to stay on track.

Re-balancing helps you maintain your target mix of assets for growth and protection. It is recommended that you review your retirement plan annually to make adjustments for inflation, and other factors that may affect your retirement plan.

Other Items to consider

Other items you may want to review or consider in your retirement planning

• Long Term Health Care - One or both spouses may need long term health care. Use this calculator to help you determine if you are financially prepared for this impending expense.
• Life Insurance - How much life insurance do you really need? Find out here!
• Pension Plan Retirement Options - Use this calculator to help decide between taking joint survivorship or single survivorship pension options.
• Estate planning - Knowing your potential estate tax liability is a great place to start your estate tax plan. Use this calculator to estimate your estate tax liability. Consult your legal counsel for advice and information concerning your particular circumstances. Neither PRIMEVEST, nor any of its representatives may give legal advice.

Our North Shore Investment Services Professional can help your you get on track and keep you there. If you would like additional information please contact one of our North Shore Investment Services Professionals or call us toll-free at 1-877-672-2265 from 8:30 a.m. - 5:00 p.m. (Central Time), Monday through Friday