1. Distributions from Retirement PlansRetirement MattersHere to
serve.Please Call/Email with any questions. 2. Financial Matters
SeriesFinancial Matters SeriesSecurities and Investment Advisory
services offered through Transamerica Financial Advisors, Inc.
(TFA), a registered investment advisor. Member FINRA &
SIPC.Non-Security products and services are not offered through
TFA. Providence Wealth Partners LLC and TFA are not affiliated. We
are licensed to sell securities in thefollowing states: CA, CO, IL,
IN, MN, OR and TN. This should not be considered a solicitation in
any other state. Due to various state regulations and
registrationrequirements concerning the dissemination of
information regarding investment products and services, we are
currently required to limit access of the following pages
toindividuals residing in states where we are currently registered.
A broker/dealer, investment advisor, BD agent or IA rep may only
transact business in a particular stateafter licensure or
satisfying qualifications requirements of that state, or only if
they are excluded or exempted from the states broker/dealer,
investment advisor, or BDagent or IA rep requirements, as the case
may be; and follow-up, individualized responses to consumers in a
particular state by broker/dealer, investment advisor, BDagent or
IA rep that involve either the effecting or attempting to effect
transactions in securities or the rendering of personalized
investment advice for compensation, asthe case may be, shall not be
made without first complying with the states broker/dealer,
investment advisor, BD agent or IA rep requirements, or pursuant to
anapplicable state exemption or exclusion.Please visit us
at:www.ProvidenceWealthPartners.com 3. Retirement Income Sources 4.
Distribution Decisions1. What to Take First2. How to Take
Distributions3. Investment Strategies4. Rules to Remember5.
Benefits and Beneficiaries 5. What to Take FirstTaxable
AccountsTax-Deferred AccountsTax-Exempt Accounts(Savings and
Investments)(Traditional IRAs, 401(k) & 403(b) plans)(Roth
IRAs) 6. What to Take First 7. Click to Play 8. How to Take
DistributionsOption 1.......Leave it AloneOption 2.......Lump
SumOption 3.......RolloverOption 4.......AnnuityOption
5.......Combination 9. IRA RolloverSource: Investment Company
Institute, 2011. Results are from a survey of employees retiring
between 2002 and 2007.86% 21%14%65%Spentall of
theproceedsReinvestedsome orall of theproceedsRolled overall to an
IRARolled oversome toan IRA,reinvestedsomeoutside anIRA,
and/orspent someConsiderations Continued tax deferral Control
Generally, more investment options Mandatory distributions atage 70
(traditional) 10. Investment StrategiesMutual funds and variable
annuities are sold only by prospectus only. You should consider the
charges, risks, expenses, andinvestment objectives carefully before
investing or entering a contract. A prospectus containing this and
other information about theinvestment company or insurance company
can be obtained from your financial professional. Read it carefully
before you invest orsend
money.ProtectingPrincipalGenerateIncomeGrowthPotentialIndividual
bondsIncome-orientedmutual fundsFixed annuitiesIndividual
stocksGrowth-orientedmutual fundsVariable annuitiesCertificates
ofDepositMoney marketfunds 11.
80%StocksBondsCashCashBondsStocks20%10%20%10%60%Investment
StrategiesSource: Thomson Reuters, 2012Past performance does not
guarantee future results. Actual results will vary.Aggressive
PortfolioBest Year.........33.6%Worst
Year.....-32.8%Average..........8.8%Conservative PortfolioBest
Year...............16.8%Worst
Year...........-13.2%Average..............5.7% 12. The $100,000
DifferenceThis is a hypothetical example used for illustrative
purposes only. It is not representative of any specific investment
or combination ofinvestments. Past performance does not guarantee
future results. Actual results will vary.$700,000Start Year 20Year
10$500,000$300,000$100,000$200,000$400,000$600,000$545,187$305,551Aggressive
PortfolioConservative Portfolio 13. Strategy #1: Mutual Funds 14.
Strategy #2: Split
Annuities$150,000$150,000$300,000$100,000$100,000$250,000$400,000$50,000$50,000$200,000$350,000StartYearStartYear
1122334455667788991010This is a hypothetical example used for
illustrative purposes only. It is not representative of any
specific investment or combination ofinvestments. Past performance
does not guarantee future results. Actual results will
vary.$270,226$129,774Generates $1,253 per monthin income (at
3%)Rebuilds Principal at 4%$400,000 divided into two pools 15.
Strategy #3: CombinationThis is a hypothetical example used for
illustrative purposes only. It is not representative of any
specific investment or combination ofinvestments. Past performance
does not guarantee future results. Actual results will
vary.$150,000$100,000$50,0001 2 3 4 5$150,000$100,000$50,0001 2 3 4
5 6 7 8 9 10$300,000$200,000$400,000$100,0001 2 3 4 5 6 7 8 9
10$119,653$100,138$180,209Generates $2,150 per month inincome (at
3%) during years 1-5Generates $2,150 per month in income (at
3%)during years 6-10Builds value (at 4%)Rebuilds principal (at
8%)StartYearStartYearStartYear$400,000 divided into three pools 16.
Source: Internal Revenue Service, 2011Rules to RememberRequired
Minimum Distributions - Age 70 - Based on age, account value, and
life expectancyExcess accumulation penalty - 50% of amount not
distributed as required 17. More Rules to RememberSource: Internal
Revenue Service, 2011Age 59Exceptions to rule - Unreimbursed
medical expenses - Disabled - Higher education expenses - Buy or
build a first home 18. BeneficiariesNaming your spouseas
beneficiaryNaming someoneother than yourspouse as beneficiary 19.
73.9%Retire Early26.1%Retire at Normal AgeWhen Should You Begin
TakingSocial Security Benefits?Source: Social Security
Administration, 2012; average monthly benefit for a retired
worker.Age MattersAge 62 $923/mo.Age 67 $1,230/mo.Age 70
$1,549/mo.Whos Early? Whos Late? 20. Distributions from Retirement
Plans 21. Financial Matters SeriesFinancial Matters SeriesDr. Allen
R. Rumble,
RFCARumble@ProvidenceWP.comwww.ProvidenceWealthPartners.comSecurities
and Investment Advisory services offered through Transamerica
Financial Advisors, Inc. (TFA), a registered investmentadvisor.
Member FINRA & SIPC. Non-Security products and services are not
offered through TFA. Providence Wealth Partners LLCand TFA are not
affiliated. We are licensed to sell securities in the following
states: CA, CO, IL, IN, MN, OR and TN. This should notbe considered
a solicitation in any other state. Due to various state regulations
and registration requirements concerning thedissemination of
information regarding investment products and services, we are
currently required to limit access of the followingpages to
individuals residing in states where we are currently registered. A
broker/dealer, investment advisor, BD agent or IA rep mayonly
transact business in a particular state after licensure or
satisfying qualifications requirements of that state, or only if
they areexcluded or exempted from the states broker/dealer,
investment advisor, or BD agent or IA rep requirements, as the case
may be; andfollow-up, individualized responses to consumers in a
particular state by broker/dealer, investment advisor, BD agent or
IA rep thatinvolve either the effecting or attempting to effect
transactions in securities or the rendering of personalized
investment advice forcompensation, as the case may be, shall not be
made without first complying with the states broker/dealer,
investment advisor, BDagent or IA rep requirements, or pursuant to
an applicable state exemption or exclusion.
