Flourish Comprehensive Report
Asset-Map
®
Flourish (XGEN) September 2016
Lead Advisor David Anderson, CFP® 124 Main Street Northbrook, IL 60671 [email protected] www.financialadvice.com Please see the last page of this report for important information and disclosures.
Flourish (XGEN) • Sep 2016 Lead Advisor: David Anderson, CFP® Julie Flourish (41) Primary
Income
Thomas Flourish (41) Spouse
Residence
Retirement Asset
Marie Flourish (10) Dependent
Non-Retirement Asset
Liability
Antoine Flourish (8) Dependent
Insurance
Owned By Another
Julien Flourish (6) Dependent
Deferred Annuity
Stencil
This data summarizes certain data you have provided to us. Accounts and/or assets marked with a * have not been offered, sold and/or serviced by Anderson Financial Inc., or their subsidiaries or affiliates (collectively, "Anderson Financial Inc."). Valuations of certain assets such as real estate or personal property are based on estimates provided by you, and Anderson Financial Inc. makes no representations as to their value. This is not an official record of your assets or any account and/or contract, and it is provided for your convenience and information only. If there is a discrepancy between any of the information herein and the official records of your assets, accounts and/or contracts, the official records will take precedence. Anderson Financial Inc. makes no representation that the data presented herein, or in any other statement, is accurate. Please verify this data and advise us of any inaccuracies. Anderson Financial Inc. will not monitor or provide service regarding non-managed assets. All Rights Reserved © 2016 - Asset-Map®, LLC
Flourish (XGEN) • Sep 2016 Lead Advisor: David Anderson, CFP®
Target-Map® Summary Loss of Life - Thomas Flourish
5% Net Growth Rate (Discount)
($1,109,885)
N/A
3%
Present Capital Monthly Additions Annual Inflated (Deficit) to Fund Additions
0.0 yrs Duration of Additions
Based on the analysis performed, this Target-Map® is 45% funded to meet the capital required in the event of an untimely death. Assuming a hypothetical 5% net growth rate, the amount of additional capital required to meet this need today is $1,109,885.
Long-term Disability - Julie Flourish
5% Net Growth Rate (Discount)
($916,064)
$3,850
3%
Present Capital Monthly Additions Annual Inflated (Deficit) to Fund Additions
25.0 yrs Duration of Additions
Based on the analysis performed, this Target-Map® is 55% funded to meet the capital required in the event of an untimely disability. Assuming a hypothetical 5% net growth rate, the amount of additional capital required to meet this need today is $916,064 or $3,851 of monthly additions inflated by 3% annually for 25.0 years.
Long-term Care Event - Thomas Flourish @ 80 - 4yrs
5% Net Growth Rate (Discount)
($302,209)
$1,464
0%
Present Capital Monthly Additions Annual Inflated (Deficit) to Fund Additions
38.9 yrs Duration of Additions
Based on the analysis performed, this Target-Map® is 22% funded to meet the capital required in the event of an untimely long-term care event. Assuming a hypothetical 5% net growth rate, the amount of additional capital required to meet this need today is $302,209 or $1,464 of monthly additions inflated by 0% annually for 38.9 years.
Education Funding - All Dependents
5% Net Growth Rate (Discount)
($162,920)
$955
3%
Present Capital Monthly Additions Annual Inflated (Deficit) to Fund Additions
16.6 yrs Duration of Additions
Based on the analysis performed, this Target-Map® is 46% funded to meet the capital required to fund educational expenses. Assuming a hypothetical 5% net growth rate, the amount of additional capital required to meet this need today is $162,920 or $956 of monthly additions inflated by 3% annually for 16.6 years.
Retirement Funding - Julie Flourish & Thomas Flourish
5% Net Growth Rate (Discount)
($459,243)
$1,999
3%
Present Capital Monthly Additions Annual Inflated (Deficit) to Fund Additions
23.9 yrs Duration of Additions
Based on the analysis performed, this Target-Map® is 70% funded to meet the capital required to fund retirement expenses. Assuming a hypothetical 5% net growth rate, the amount of additional capital required to meet this need today is $459,243 or $1,999 of monthly additions inflated by 3% annually for 23.9 years.
This data summarizes certain data you have provided to us. Accounts and/or assets marked with a * have not been offered, sold and/or serviced by Anderson Financial Inc., or their subsidiaries or affiliates (collectively, "Anderson Financial Inc."). Valuations of certain assets such as real estate or personal property are based on estimates provided by you, and Anderson Financial Inc. makes no representations as to their value. This is not an official record of your assets or any account and/or contract, and it is provided for your convenience and information only. If there is a discrepancy between any of the information herein and the official records of your assets, accounts and/or contracts, the official records will take precedence. Anderson Financial Inc. makes no representation that the data presented herein, or in any other statement, is accurate. Please verify this data and advise us of any inaccuracies. Anderson Financial Inc. will not monitor or provide service regarding non-managed assets. All Rights Reserved © 2016 - Asset-Map®, LLC
Flourish (XGEN) • Sep 2016 Lead Advisor: David Anderson, CFP®
Loss of Life - Thomas Flourish Based on the analysis performed, this Target-Map® is 45% funded to meet the capital required in the event of an untimely death. Assuming a hypothetical 5% net growth rate, the amount of additional capital required to meet this need today is $1,109,885.
45% Funded
5%
:
($1,109,885)
Net Growth Rate (Discount)
Present Capital (Deficit)
or
at
N/A Monthly Additions to Fund
3% Annual Inflated Additions
What You Want Capital Required (Present Value)
• Debt Obligations: Thomas Flourish age 41 ($347,000) • Final Expenses: Thomas Flourish age 41 ($10,000)
0.0 yrs Duration of Additions
What You Have ($2,018,885)
After-tax Cash-flow Desired • Income Replacement (75% Ann. Earned Income): Starting at Thomas Flourish age 41 ($67,500 inflated at 3%/year for 24 years)
for
Capital Available (Present Value Equivalent)
$909,000
Cash-flow Sources Available 0% $1,306,885 $347,000 $10,000
• No Active Incomes
Assets Available 3% • Marie's 529: American Funds * ($7,000 less 0% Tax)
$7,000
• Education Expenses: Starting at Marie Flourish age 18 ($25,000 inflated at 5%/year for 4 years)
$100,000
• Checking/Savings: Local Bank * ($52,000 less 0% Tax)
• Education Expenses: Starting at Antoine Flourish age 18 ($25,000 inflated at 5%/year for 4 years)
$100,000
Insurance Available 42%
• Education Expenses: Starting at Julien Flourish age 18 ($25,000 inflated at 5%/year for 4 years)
$100,000
• Universal Life: Met LIfe * Thomas Flourish age 41 ($250,000 less 0% Tax)
$250,000
• Emergency Reserves (25% Ann. Household Income): Thomas Flourish age 41 ($55,000)
$55,000
• Term 20 Life: Principal * Thomas Flourish age 41 ($600,000 less 0% Tax)
$600,000
$52,000
Analysis is based on a present value comparison between the total capital needed in a hypothetical cash-flow scenario occurring within the time frame specified and the present value of capital currently available to meet the stated need.*"Capital Required" and "Capital Available" are based on a formula comprising an annual sum inflated at the stated 3% factor, unless otherwise noted with a cost of living adjustment (COLA), and an assumed return on the available capital of the stated hypothetical 5% rate net of fees and expenses. Monthly additions indicates the amount of contributions needed during the stated duration in years that would replace the deficit in funding. This monthly addition is assumed to increase each year by the stated overall inflation factor. The impacts of taxes are approximated by reducing the present value of a particular capital item by an assumed embedded tax. The impact of investment style and market fluctuation cannot be predicted and are not taken into account. This data summarizes certain data you have provided to us. Accounts and/or assets marked with a * have not been offered, sold and/or serviced by Anderson Financial Inc., or their subsidiaries or affiliates (collectively, "Anderson Financial Inc."). Valuations of certain assets such as real estate or personal property are based on estimates provided by you, and Anderson Financial Inc. makes no representations as to their value. This is not an official record of your assets or any account and/or contract, and it is provided for your convenience and information only. If there is a discrepancy between any of the information herein and the official records of your assets, accounts and/or contracts, the official records will take precedence. Anderson Financial Inc. makes no representation that the data presented herein, or in any other statement, is accurate. Please verify this data and advise us of any inaccuracies. Anderson Financial Inc. will not monitor or provide service regarding non-managed assets. All Rights Reserved © 2016 - Asset-Map®, LLC
Flourish (XGEN) • Sep 2016 Lead Advisor: David Anderson, CFP®
Long-term Disability - Julie Flourish Based on the analysis performed, this Target-Map® is 55% funded to meet the capital required in the event of an untimely disability. Assuming a hypothetical 5% net growth rate, the amount of additional capital required to meet this need today is $916,064 or $3,851 of monthly additions inflated by 3% annually for 25.0 years.
55% Funded
5% Net Growth Rate (Discount)
:
($916,064) Present Capital (Deficit)
or
$3,850/mo Monthly Additions to Fund
at
3%
What You Want Capital Required (Present Value)
• Lost Retirement Savings (10%): Starting at Julie Flourish age 41 ($13,000 inflated at 3%/year for 24 years)
25.0 yrs Duration of Additions
What You Have ($2,013,572)
After-tax Cash-flow Desired • Income Replacement (70% Ann. Earned Income): Starting at Julie Flourish age 41 ($91,000 inflated at 3%/year for 24 years)
for
Annual Inflated Additions
Capital Available (Present Value Equivalent)
$1,097,508
Cash-flow Sources Available 0% $1,761,875
$251,696
• No Active Incomes
Assets Available 3% • Checking/Savings: Local Bank * ($52,000 less 0% Tax)
$52,000
Insurance Available 52% • Group LTD: Geico - Taxable * Starting at Julie Flourish age 41 ($6,000/mo until age 65 COLA 3% less 25% Tax)
$1,045,508
Analysis is based on a present value comparison between the total capital needed in a hypothetical cash-flow scenario occurring within the time frame specified and the present value of capital currently available to meet the stated need.*"Capital Required" and "Capital Available" are based on a formula comprising an annual sum inflated at the stated 3% factor, unless otherwise noted with a cost of living adjustment (COLA), and an assumed return on the available capital of the stated hypothetical 5% rate net of fees and expenses. Monthly additions indicates the amount of contributions needed during the stated duration in years that would replace the deficit in funding. This monthly addition is assumed to increase each year by the stated overall inflation factor. The impacts of taxes are approximated by reducing the present value of a particular capital item by an assumed embedded tax. The impact of investment style and market fluctuation cannot be predicted and are not taken into account. This data summarizes certain data you have provided to us. Accounts and/or assets marked with a * have not been offered, sold and/or serviced by Anderson Financial Inc., or their subsidiaries or affiliates (collectively, "Anderson Financial Inc."). Valuations of certain assets such as real estate or personal property are based on estimates provided by you, and Anderson Financial Inc. makes no representations as to their value. This is not an official record of your assets or any account and/or contract, and it is provided for your convenience and information only. If there is a discrepancy between any of the information herein and the official records of your assets, accounts and/or contracts, the official records will take precedence. Anderson Financial Inc. makes no representation that the data presented herein, or in any other statement, is accurate. Please verify this data and advise us of any inaccuracies. Anderson Financial Inc. will not monitor or provide service regarding non-managed assets. All Rights Reserved © 2016 - Asset-Map®, LLC
Flourish (XGEN) • Sep 2016 Lead Advisor: David Anderson, CFP®
Long-term Care Event - Thomas Flourish @ 80 - 4yrs Based on the analysis performed, this Target-Map® is 22% funded to meet the capital required in the event of an untimely long-term care event. Assuming a hypothetical 5% net growth rate, the amount of additional capital required to meet this need today is $302,209 or $1,464 of monthly additions inflated by 0% annually for 38.9 years.
22% Funded
5% Net Growth Rate (Discount)
:
($302,209) Present Capital (Deficit)
or
$1,464/mo Monthly Additions to Fund
at
0%
What You Want Capital Required (Present Value)
for
38.9 yrs
Annual Inflated Additions
Duration of Additions
What You Have ($385,009)
Capital Available (Present Value Equivalent)
$82,800
Cash-flow Sources Available 0%
After-tax Cash-flow Desired • Annual Care (4 yr): Starting at Thomas Flourish age 80 ($93,000 inflated at 5%/year for 4 years)
$372,000
• Home Modification: Thomas Flourish age 80 ($20,000 inflated at 3%/year)
$9,461
• Care Coordination: Thomas Flourish age 80 ($5,000 inflated at 3%/year)
$2,365
• Care Training: Thomas Flourish age 80 ($2,500 inflated at 3%/year)
$1,183
• No Active Incomes
Assets Available 22% • Mutual Funds: Various * ($90,000 less 8% Tax)
$82,800
Insurance Available 0% • No Active Insurance Policies
Analysis is based on a present value comparison between the total capital needed in a hypothetical cash-flow scenario occurring within the time frame specified and the present value of capital currently available to meet the stated need.*"Capital Required" and "Capital Available" are based on a formula comprising an annual sum inflated at the stated 0% factor, unless otherwise noted with a cost of living adjustment (COLA), and an assumed return on the available capital of the stated hypothetical 5% rate net of fees and expenses. Monthly additions indicates the amount of contributions needed during the stated duration in years that would replace the deficit in funding. This monthly addition is assumed to increase each year by the stated overall inflation factor. The impacts of taxes are approximated by reducing the present value of a particular capital item by an assumed embedded tax. The impact of investment style and market fluctuation cannot be predicted and are not taken into account. This data summarizes certain data you have provided to us. Accounts and/or assets marked with a * have not been offered, sold and/or serviced by Anderson Financial Inc., or their subsidiaries or affiliates (collectively, "Anderson Financial Inc."). Valuations of certain assets such as real estate or personal property are based on estimates provided by you, and Anderson Financial Inc. makes no representations as to their value. This is not an official record of your assets or any account and/or contract, and it is provided for your convenience and information only. If there is a discrepancy between any of the information herein and the official records of your assets, accounts and/or contracts, the official records will take precedence. Anderson Financial Inc. makes no representation that the data presented herein, or in any other statement, is accurate. Please verify this data and advise us of any inaccuracies. Anderson Financial Inc. will not monitor or provide service regarding non-managed assets. All Rights Reserved © 2016 - Asset-Map®, LLC
Flourish (XGEN) • Sep 2016 Lead Advisor: David Anderson, CFP®
Education Funding - All Dependents Based on the analysis performed, this Target-Map® is 46% funded to meet the capital required to fund educational expenses. Assuming a hypothetical 5% net growth rate, the amount of additional capital required to meet this need today is $162,920 or $956 of monthly additions inflated by 3% annually for 16.6 years.
46% Funded
5% Net Growth Rate (Discount)
:
($162,920) Present Capital (Deficit)
or
$955/mo Monthly Additions to Fund
at
3%
What You Want Capital Required (Present Value)
for
Annual Inflated Additions
16.6 yrs Duration of Additions
What You Have ($300,000)
Capital Available (Present Value Equivalent)
$137,080
Cash-flow Sources Available 0%
After-tax Cash-flow Desired • Education Expenses: Starting at Marie Flourish age 18 ($25,000 inflated at 5%/year for 4 years)
$100,000
• No Active Incomes
• Education Expenses: Starting at Antoine Flourish age 18 ($25,000 inflated at 5%/year for 4 years)
$100,000
Assets Available 46%
• Education Expenses: Starting at Julien Flourish age 18 ($25,000 inflated at 5%/year for 4 years)
$100,000
• Marie's 529: American Funds * ($7,000 less 8% Tax)
$6,440
• Checking/Savings: Local Bank * ($52,000 less 8% Tax)
$47,840
• Mutual Funds: Various * ($90,000 less 8% Tax)
$82,800
Insurance Available 0% • No Active Insurance Policies
Analysis is based on a present value comparison between the total capital needed in a hypothetical cash-flow scenario occurring within the time frame specified and the present value of capital currently available to meet the stated need.*"Capital Required" and "Capital Available" are based on a formula comprising an annual sum inflated at the stated 3% factor, unless otherwise noted with a cost of living adjustment (COLA), and an assumed return on the available capital of the stated hypothetical 5% rate net of fees and expenses. Monthly additions indicates the amount of contributions needed during the stated duration in years that would replace the deficit in funding. This monthly addition is assumed to increase each year by the stated overall inflation factor. The impacts of taxes are approximated by reducing the present value of a particular capital item by an assumed embedded tax. The impact of investment style and market fluctuation cannot be predicted and are not taken into account. This data summarizes certain data you have provided to us. Accounts and/or assets marked with a * have not been offered, sold and/or serviced by Anderson Financial Inc., or their subsidiaries or affiliates (collectively, "Anderson Financial Inc."). Valuations of certain assets such as real estate or personal property are based on estimates provided by you, and Anderson Financial Inc. makes no representations as to their value. This is not an official record of your assets or any account and/or contract, and it is provided for your convenience and information only. If there is a discrepancy between any of the information herein and the official records of your assets, accounts and/or contracts, the official records will take precedence. Anderson Financial Inc. makes no representation that the data presented herein, or in any other statement, is accurate. Please verify this data and advise us of any inaccuracies. Anderson Financial Inc. will not monitor or provide service regarding non-managed assets. All Rights Reserved © 2016 - Asset-Map®, LLC
Flourish (XGEN) • Sep 2016 Lead Advisor: David Anderson, CFP®
Retirement Funding - Julie Flourish & Thomas Flourish Based on the analysis performed, this Target-Map® is 70% funded to meet the capital required to fund retirement expenses. Assuming a hypothetical 5% net growth rate, the amount of additional capital required to meet this need today is $459,243 or $1,999 of monthly additions inflated by 3% annually for 23.9 years.
70% Funded
5% Net Growth Rate (Discount)
:
($459,243) Present Capital (Deficit)
or
$1,999/mo Monthly Additions to Fund
at
3%
What You Want Capital Required (Present Value)
• Travel Expenses (5% Primary/Spouse Ann. Earned Income): Starting at Julie Flourish age 65 ($11,000 inflated at 3%/year for 15 years) • Medical Expenses (10% Primary/Spouse Ann. Earned Income): Starting at Julie Flourish age 75 ($22,000 inflated at 3%/year for 25 years)
23.9 yrs Duration of Additions
What You Have ($1,538,477)
Capital Available (Present Value Equivalent)
$1,079,234
Cash-flow Sources Available 55%
After-tax Cash-flow Desired • Living Expenses: Starting at Julie Flourish age 65 ($75,000 inflated at 3%/year for 35 years)
for
Annual Inflated Additions
$1,217,536
• Exp Soc. Sec. : US Treasury * Starting at Thomas Flourish age 68 ($16,000 for 32 years COLA 2% less 15% Tax)
$131,838
$91,347
• Exp Soc. Sec. : US Treasury * Starting at Julie Flourish age 68 ($28,000 for 32 years COLA 2% less 15% Tax)
$230,716
• Pension @ 65 : PSERS * Starting at Thomas Flourish age 65 (FV $31,500 for 35 years COLA 0% less 15% Tax)
$143,260
• Active 401(K) Contributions : Fidelity * Starting at Julie Flourish age 41 ($13,000 for 24 years COLA 3% less 15% Tax)
$213,942
• 403b Contributions : Allstate Starting at Thomas Flourish age 41 ($7,500 for 24 years COLA 3% less 15% Tax)
$123,428
$229,595
Assets Available 15% • Whole Life: Allstate ($12,000 less 0% Tax) • Universal Life: Met LIfe * ($1,800 less 0% Tax)
$12,000 $1,800
• 403b: Allstate ($84,000 less 25% Tax)
$63,000
• Roth IRA Brokerage: Etrade * ($75,000 less 0% Tax)
$75,000
• Active 401(K): Fidelity * ($19,000 less 25% Tax)
$14,250
• IRA: Vanguard * ($32,000 less 25% Tax)
$24,000
• Mutual Funds: Various * ($50,000 less 8% Tax)
$46,000
Insurance Available 0% • No Active Insurance Policies
Analysis is based on a present value comparison between the total capital needed in a hypothetical cash-flow scenario occurring within the time frame specified and the present value of capital currently available to meet the stated need.*"Capital Required" and "Capital Available" are based on a formula comprising an annual sum inflated at the stated 3% factor, unless otherwise noted with a cost of living adjustment (COLA), and an assumed return on the available capital of the stated hypothetical 5% rate net of fees and expenses. Monthly additions indicates the amount of contributions needed during the stated duration in years that would replace the deficit in funding. This monthly addition is assumed to increase each year by the stated overall inflation factor. The impacts of taxes are approximated by reducing the present value of a particular capital item by an assumed embedded tax. The impact of investment style and market fluctuation cannot be predicted and are not taken into account. This data summarizes certain data you have provided to us. Accounts and/or assets marked with a * have not been offered, sold and/or serviced by Anderson Financial Inc., or their subsidiaries or affiliates (collectively, "Anderson Financial Inc."). Valuations of certain assets such as real estate or personal property are based on estimates provided by you, and Anderson Financial Inc. makes no representations as to their value. This is not an official record of your assets or any account and/or contract, and it is provided for your convenience and information only. If there is a discrepancy between any of the information herein and the official records of your assets, accounts and/or contracts, the official records will take precedence. Anderson Financial Inc. makes no representation that the data presented herein, or in any other statement, is accurate. Please verify this data and advise us of any inaccuracies. Anderson Financial Inc. will not monitor or provide service regarding non-managed assets. All Rights Reserved © 2016 - Asset-Map®, LLC
Flourish (XGEN) • Sep 2016 Lead Advisor: David Anderson, CFP®
Disclosure Statement The following reports are diagnostic tools intended to review your current financial situation and suggest possible planning shortfalls that might be helpful. This analysis is based on information and assumptions provided by you (the client). As a point-in-time summary, this document is not subject to automatic updating. Additionally, changes to laws are frequent and in and of themselves may cause unforeseen results. The preparer believes the information contained in the software is accurate, but it has not been independently verified. We recommend that you review your plan annually, unless changes in your personal or financial circumstances require more frequent review. Consult with your tax and/or legal advisors before implementing any tax or legal strategies, which were referred to during the planning process. The analysis may not reflect all holdings or transactions, their costs, or proceeds received by you. Prices that may be indicated in the report are obtained as of a given date and time from sources we consider reliable but may change at any time without notice and are not guaranteed. Past performance is no guarantee of future results. It is important to realize that actual results may differ from projections and that this report should not be considered a guarantee of the estimated or hypothetical results generated by the software used by the preparer. All rates of return used in this report are hypothetical and for illustrative purposes only and do not represent the performance of any specific insurance or investment product. This report is to be used as a planning tool only and is not to be used to solicit the purchase of any particular insurance or investment product. Please also be advised that the hypothetical account calculations are not to be used to solicit the sale of any particular insurance or investment product.
This data summarizes certain data you have provided to us. Accounts and/or assets marked with a * have not been offered, sold and/or serviced by Anderson Financial Inc., or their subsidiaries or affiliates (collectively, "Anderson Financial Inc."). Valuations of certain assets such as real estate or personal property are based on estimates provided by you, and Anderson Financial Inc. makes no representations as to their value. This is not an official record of your assets or any account and/or contract, and it is provided for your convenience and information only. If there is a discrepancy between any of the information herein and the official records of your assets, accounts and/or contracts, the official records will take precedence. Anderson Financial Inc. makes no representation that the data presented herein, or in any other statement, is accurate. Please verify this data and advise us of any inaccuracies. Anderson Financial Inc. will not monitor or provide service regarding non-managed assets. All Rights Reserved © 2016 - Asset-Map®, LLC
®
Flourish (XGEN) September 2016
Lead Advisor David Anderson, CFP® 124 Main Street Northbrook, IL 60671 [email protected] www.financialadvice.com Please see the last page of this report for important information and disclosures.
Flourish (XGEN) • Sep 2016 Lead Advisor: David Anderson, CFP® Julie Flourish (41) Primary
Income
Thomas Flourish (41) Spouse
Residence
Retirement Asset
Marie Flourish (10) Dependent
Non-Retirement Asset
Liability
Antoine Flourish (8) Dependent
Insurance
Owned By Another
Julien Flourish (6) Dependent
Deferred Annuity
Stencil
This data summarizes certain data you have provided to us. Accounts and/or assets marked with a * have not been offered, sold and/or serviced by Anderson Financial Inc., or their subsidiaries or affiliates (collectively, "Anderson Financial Inc."). Valuations of certain assets such as real estate or personal property are based on estimates provided by you, and Anderson Financial Inc. makes no representations as to their value. This is not an official record of your assets or any account and/or contract, and it is provided for your convenience and information only. If there is a discrepancy between any of the information herein and the official records of your assets, accounts and/or contracts, the official records will take precedence. Anderson Financial Inc. makes no representation that the data presented herein, or in any other statement, is accurate. Please verify this data and advise us of any inaccuracies. Anderson Financial Inc. will not monitor or provide service regarding non-managed assets. All Rights Reserved © 2016 - Asset-Map®, LLC
Flourish (XGEN) • Sep 2016 Lead Advisor: David Anderson, CFP®
Target-Map® Summary Loss of Life - Thomas Flourish
5% Net Growth Rate (Discount)
($1,109,885)
N/A
3%
Present Capital Monthly Additions Annual Inflated (Deficit) to Fund Additions
0.0 yrs Duration of Additions
Based on the analysis performed, this Target-Map® is 45% funded to meet the capital required in the event of an untimely death. Assuming a hypothetical 5% net growth rate, the amount of additional capital required to meet this need today is $1,109,885.
Long-term Disability - Julie Flourish
5% Net Growth Rate (Discount)
($916,064)
$3,850
3%
Present Capital Monthly Additions Annual Inflated (Deficit) to Fund Additions
25.0 yrs Duration of Additions
Based on the analysis performed, this Target-Map® is 55% funded to meet the capital required in the event of an untimely disability. Assuming a hypothetical 5% net growth rate, the amount of additional capital required to meet this need today is $916,064 or $3,851 of monthly additions inflated by 3% annually for 25.0 years.
Long-term Care Event - Thomas Flourish @ 80 - 4yrs
5% Net Growth Rate (Discount)
($302,209)
$1,464
0%
Present Capital Monthly Additions Annual Inflated (Deficit) to Fund Additions
38.9 yrs Duration of Additions
Based on the analysis performed, this Target-Map® is 22% funded to meet the capital required in the event of an untimely long-term care event. Assuming a hypothetical 5% net growth rate, the amount of additional capital required to meet this need today is $302,209 or $1,464 of monthly additions inflated by 0% annually for 38.9 years.
Education Funding - All Dependents
5% Net Growth Rate (Discount)
($162,920)
$955
3%
Present Capital Monthly Additions Annual Inflated (Deficit) to Fund Additions
16.6 yrs Duration of Additions
Based on the analysis performed, this Target-Map® is 46% funded to meet the capital required to fund educational expenses. Assuming a hypothetical 5% net growth rate, the amount of additional capital required to meet this need today is $162,920 or $956 of monthly additions inflated by 3% annually for 16.6 years.
Retirement Funding - Julie Flourish & Thomas Flourish
5% Net Growth Rate (Discount)
($459,243)
$1,999
3%
Present Capital Monthly Additions Annual Inflated (Deficit) to Fund Additions
23.9 yrs Duration of Additions
Based on the analysis performed, this Target-Map® is 70% funded to meet the capital required to fund retirement expenses. Assuming a hypothetical 5% net growth rate, the amount of additional capital required to meet this need today is $459,243 or $1,999 of monthly additions inflated by 3% annually for 23.9 years.
This data summarizes certain data you have provided to us. Accounts and/or assets marked with a * have not been offered, sold and/or serviced by Anderson Financial Inc., or their subsidiaries or affiliates (collectively, "Anderson Financial Inc."). Valuations of certain assets such as real estate or personal property are based on estimates provided by you, and Anderson Financial Inc. makes no representations as to their value. This is not an official record of your assets or any account and/or contract, and it is provided for your convenience and information only. If there is a discrepancy between any of the information herein and the official records of your assets, accounts and/or contracts, the official records will take precedence. Anderson Financial Inc. makes no representation that the data presented herein, or in any other statement, is accurate. Please verify this data and advise us of any inaccuracies. Anderson Financial Inc. will not monitor or provide service regarding non-managed assets. All Rights Reserved © 2016 - Asset-Map®, LLC
Flourish (XGEN) • Sep 2016 Lead Advisor: David Anderson, CFP®
Loss of Life - Thomas Flourish Based on the analysis performed, this Target-Map® is 45% funded to meet the capital required in the event of an untimely death. Assuming a hypothetical 5% net growth rate, the amount of additional capital required to meet this need today is $1,109,885.
45% Funded
5%
:
($1,109,885)
Net Growth Rate (Discount)
Present Capital (Deficit)
or
at
N/A Monthly Additions to Fund
3% Annual Inflated Additions
What You Want Capital Required (Present Value)
• Debt Obligations: Thomas Flourish age 41 ($347,000) • Final Expenses: Thomas Flourish age 41 ($10,000)
0.0 yrs Duration of Additions
What You Have ($2,018,885)
After-tax Cash-flow Desired • Income Replacement (75% Ann. Earned Income): Starting at Thomas Flourish age 41 ($67,500 inflated at 3%/year for 24 years)
for
Capital Available (Present Value Equivalent)
$909,000
Cash-flow Sources Available 0% $1,306,885 $347,000 $10,000
• No Active Incomes
Assets Available 3% • Marie's 529: American Funds * ($7,000 less 0% Tax)
$7,000
• Education Expenses: Starting at Marie Flourish age 18 ($25,000 inflated at 5%/year for 4 years)
$100,000
• Checking/Savings: Local Bank * ($52,000 less 0% Tax)
• Education Expenses: Starting at Antoine Flourish age 18 ($25,000 inflated at 5%/year for 4 years)
$100,000
Insurance Available 42%
• Education Expenses: Starting at Julien Flourish age 18 ($25,000 inflated at 5%/year for 4 years)
$100,000
• Universal Life: Met LIfe * Thomas Flourish age 41 ($250,000 less 0% Tax)
$250,000
• Emergency Reserves (25% Ann. Household Income): Thomas Flourish age 41 ($55,000)
$55,000
• Term 20 Life: Principal * Thomas Flourish age 41 ($600,000 less 0% Tax)
$600,000
$52,000
Analysis is based on a present value comparison between the total capital needed in a hypothetical cash-flow scenario occurring within the time frame specified and the present value of capital currently available to meet the stated need.*"Capital Required" and "Capital Available" are based on a formula comprising an annual sum inflated at the stated 3% factor, unless otherwise noted with a cost of living adjustment (COLA), and an assumed return on the available capital of the stated hypothetical 5% rate net of fees and expenses. Monthly additions indicates the amount of contributions needed during the stated duration in years that would replace the deficit in funding. This monthly addition is assumed to increase each year by the stated overall inflation factor. The impacts of taxes are approximated by reducing the present value of a particular capital item by an assumed embedded tax. The impact of investment style and market fluctuation cannot be predicted and are not taken into account. This data summarizes certain data you have provided to us. Accounts and/or assets marked with a * have not been offered, sold and/or serviced by Anderson Financial Inc., or their subsidiaries or affiliates (collectively, "Anderson Financial Inc."). Valuations of certain assets such as real estate or personal property are based on estimates provided by you, and Anderson Financial Inc. makes no representations as to their value. This is not an official record of your assets or any account and/or contract, and it is provided for your convenience and information only. If there is a discrepancy between any of the information herein and the official records of your assets, accounts and/or contracts, the official records will take precedence. Anderson Financial Inc. makes no representation that the data presented herein, or in any other statement, is accurate. Please verify this data and advise us of any inaccuracies. Anderson Financial Inc. will not monitor or provide service regarding non-managed assets. All Rights Reserved © 2016 - Asset-Map®, LLC
Flourish (XGEN) • Sep 2016 Lead Advisor: David Anderson, CFP®
Long-term Disability - Julie Flourish Based on the analysis performed, this Target-Map® is 55% funded to meet the capital required in the event of an untimely disability. Assuming a hypothetical 5% net growth rate, the amount of additional capital required to meet this need today is $916,064 or $3,851 of monthly additions inflated by 3% annually for 25.0 years.
55% Funded
5% Net Growth Rate (Discount)
:
($916,064) Present Capital (Deficit)
or
$3,850/mo Monthly Additions to Fund
at
3%
What You Want Capital Required (Present Value)
• Lost Retirement Savings (10%): Starting at Julie Flourish age 41 ($13,000 inflated at 3%/year for 24 years)
25.0 yrs Duration of Additions
What You Have ($2,013,572)
After-tax Cash-flow Desired • Income Replacement (70% Ann. Earned Income): Starting at Julie Flourish age 41 ($91,000 inflated at 3%/year for 24 years)
for
Annual Inflated Additions
Capital Available (Present Value Equivalent)
$1,097,508
Cash-flow Sources Available 0% $1,761,875
$251,696
• No Active Incomes
Assets Available 3% • Checking/Savings: Local Bank * ($52,000 less 0% Tax)
$52,000
Insurance Available 52% • Group LTD: Geico - Taxable * Starting at Julie Flourish age 41 ($6,000/mo until age 65 COLA 3% less 25% Tax)
$1,045,508
Analysis is based on a present value comparison between the total capital needed in a hypothetical cash-flow scenario occurring within the time frame specified and the present value of capital currently available to meet the stated need.*"Capital Required" and "Capital Available" are based on a formula comprising an annual sum inflated at the stated 3% factor, unless otherwise noted with a cost of living adjustment (COLA), and an assumed return on the available capital of the stated hypothetical 5% rate net of fees and expenses. Monthly additions indicates the amount of contributions needed during the stated duration in years that would replace the deficit in funding. This monthly addition is assumed to increase each year by the stated overall inflation factor. The impacts of taxes are approximated by reducing the present value of a particular capital item by an assumed embedded tax. The impact of investment style and market fluctuation cannot be predicted and are not taken into account. This data summarizes certain data you have provided to us. Accounts and/or assets marked with a * have not been offered, sold and/or serviced by Anderson Financial Inc., or their subsidiaries or affiliates (collectively, "Anderson Financial Inc."). Valuations of certain assets such as real estate or personal property are based on estimates provided by you, and Anderson Financial Inc. makes no representations as to their value. This is not an official record of your assets or any account and/or contract, and it is provided for your convenience and information only. If there is a discrepancy between any of the information herein and the official records of your assets, accounts and/or contracts, the official records will take precedence. Anderson Financial Inc. makes no representation that the data presented herein, or in any other statement, is accurate. Please verify this data and advise us of any inaccuracies. Anderson Financial Inc. will not monitor or provide service regarding non-managed assets. All Rights Reserved © 2016 - Asset-Map®, LLC
Flourish (XGEN) • Sep 2016 Lead Advisor: David Anderson, CFP®
Long-term Care Event - Thomas Flourish @ 80 - 4yrs Based on the analysis performed, this Target-Map® is 22% funded to meet the capital required in the event of an untimely long-term care event. Assuming a hypothetical 5% net growth rate, the amount of additional capital required to meet this need today is $302,209 or $1,464 of monthly additions inflated by 0% annually for 38.9 years.
22% Funded
5% Net Growth Rate (Discount)
:
($302,209) Present Capital (Deficit)
or
$1,464/mo Monthly Additions to Fund
at
0%
What You Want Capital Required (Present Value)
for
38.9 yrs
Annual Inflated Additions
Duration of Additions
What You Have ($385,009)
Capital Available (Present Value Equivalent)
$82,800
Cash-flow Sources Available 0%
After-tax Cash-flow Desired • Annual Care (4 yr): Starting at Thomas Flourish age 80 ($93,000 inflated at 5%/year for 4 years)
$372,000
• Home Modification: Thomas Flourish age 80 ($20,000 inflated at 3%/year)
$9,461
• Care Coordination: Thomas Flourish age 80 ($5,000 inflated at 3%/year)
$2,365
• Care Training: Thomas Flourish age 80 ($2,500 inflated at 3%/year)
$1,183
• No Active Incomes
Assets Available 22% • Mutual Funds: Various * ($90,000 less 8% Tax)
$82,800
Insurance Available 0% • No Active Insurance Policies
Analysis is based on a present value comparison between the total capital needed in a hypothetical cash-flow scenario occurring within the time frame specified and the present value of capital currently available to meet the stated need.*"Capital Required" and "Capital Available" are based on a formula comprising an annual sum inflated at the stated 0% factor, unless otherwise noted with a cost of living adjustment (COLA), and an assumed return on the available capital of the stated hypothetical 5% rate net of fees and expenses. Monthly additions indicates the amount of contributions needed during the stated duration in years that would replace the deficit in funding. This monthly addition is assumed to increase each year by the stated overall inflation factor. The impacts of taxes are approximated by reducing the present value of a particular capital item by an assumed embedded tax. The impact of investment style and market fluctuation cannot be predicted and are not taken into account. This data summarizes certain data you have provided to us. Accounts and/or assets marked with a * have not been offered, sold and/or serviced by Anderson Financial Inc., or their subsidiaries or affiliates (collectively, "Anderson Financial Inc."). Valuations of certain assets such as real estate or personal property are based on estimates provided by you, and Anderson Financial Inc. makes no representations as to their value. This is not an official record of your assets or any account and/or contract, and it is provided for your convenience and information only. If there is a discrepancy between any of the information herein and the official records of your assets, accounts and/or contracts, the official records will take precedence. Anderson Financial Inc. makes no representation that the data presented herein, or in any other statement, is accurate. Please verify this data and advise us of any inaccuracies. Anderson Financial Inc. will not monitor or provide service regarding non-managed assets. All Rights Reserved © 2016 - Asset-Map®, LLC
Flourish (XGEN) • Sep 2016 Lead Advisor: David Anderson, CFP®
Education Funding - All Dependents Based on the analysis performed, this Target-Map® is 46% funded to meet the capital required to fund educational expenses. Assuming a hypothetical 5% net growth rate, the amount of additional capital required to meet this need today is $162,920 or $956 of monthly additions inflated by 3% annually for 16.6 years.
46% Funded
5% Net Growth Rate (Discount)
:
($162,920) Present Capital (Deficit)
or
$955/mo Monthly Additions to Fund
at
3%
What You Want Capital Required (Present Value)
for
Annual Inflated Additions
16.6 yrs Duration of Additions
What You Have ($300,000)
Capital Available (Present Value Equivalent)
$137,080
Cash-flow Sources Available 0%
After-tax Cash-flow Desired • Education Expenses: Starting at Marie Flourish age 18 ($25,000 inflated at 5%/year for 4 years)
$100,000
• No Active Incomes
• Education Expenses: Starting at Antoine Flourish age 18 ($25,000 inflated at 5%/year for 4 years)
$100,000
Assets Available 46%
• Education Expenses: Starting at Julien Flourish age 18 ($25,000 inflated at 5%/year for 4 years)
$100,000
• Marie's 529: American Funds * ($7,000 less 8% Tax)
$6,440
• Checking/Savings: Local Bank * ($52,000 less 8% Tax)
$47,840
• Mutual Funds: Various * ($90,000 less 8% Tax)
$82,800
Insurance Available 0% • No Active Insurance Policies
Analysis is based on a present value comparison between the total capital needed in a hypothetical cash-flow scenario occurring within the time frame specified and the present value of capital currently available to meet the stated need.*"Capital Required" and "Capital Available" are based on a formula comprising an annual sum inflated at the stated 3% factor, unless otherwise noted with a cost of living adjustment (COLA), and an assumed return on the available capital of the stated hypothetical 5% rate net of fees and expenses. Monthly additions indicates the amount of contributions needed during the stated duration in years that would replace the deficit in funding. This monthly addition is assumed to increase each year by the stated overall inflation factor. The impacts of taxes are approximated by reducing the present value of a particular capital item by an assumed embedded tax. The impact of investment style and market fluctuation cannot be predicted and are not taken into account. This data summarizes certain data you have provided to us. Accounts and/or assets marked with a * have not been offered, sold and/or serviced by Anderson Financial Inc., or their subsidiaries or affiliates (collectively, "Anderson Financial Inc."). Valuations of certain assets such as real estate or personal property are based on estimates provided by you, and Anderson Financial Inc. makes no representations as to their value. This is not an official record of your assets or any account and/or contract, and it is provided for your convenience and information only. If there is a discrepancy between any of the information herein and the official records of your assets, accounts and/or contracts, the official records will take precedence. Anderson Financial Inc. makes no representation that the data presented herein, or in any other statement, is accurate. Please verify this data and advise us of any inaccuracies. Anderson Financial Inc. will not monitor or provide service regarding non-managed assets. All Rights Reserved © 2016 - Asset-Map®, LLC
Flourish (XGEN) • Sep 2016 Lead Advisor: David Anderson, CFP®
Retirement Funding - Julie Flourish & Thomas Flourish Based on the analysis performed, this Target-Map® is 70% funded to meet the capital required to fund retirement expenses. Assuming a hypothetical 5% net growth rate, the amount of additional capital required to meet this need today is $459,243 or $1,999 of monthly additions inflated by 3% annually for 23.9 years.
70% Funded
5% Net Growth Rate (Discount)
:
($459,243) Present Capital (Deficit)
or
$1,999/mo Monthly Additions to Fund
at
3%
What You Want Capital Required (Present Value)
• Travel Expenses (5% Primary/Spouse Ann. Earned Income): Starting at Julie Flourish age 65 ($11,000 inflated at 3%/year for 15 years) • Medical Expenses (10% Primary/Spouse Ann. Earned Income): Starting at Julie Flourish age 75 ($22,000 inflated at 3%/year for 25 years)
23.9 yrs Duration of Additions
What You Have ($1,538,477)
Capital Available (Present Value Equivalent)
$1,079,234
Cash-flow Sources Available 55%
After-tax Cash-flow Desired • Living Expenses: Starting at Julie Flourish age 65 ($75,000 inflated at 3%/year for 35 years)
for
Annual Inflated Additions
$1,217,536
• Exp Soc. Sec. : US Treasury * Starting at Thomas Flourish age 68 ($16,000 for 32 years COLA 2% less 15% Tax)
$131,838
$91,347
• Exp Soc. Sec. : US Treasury * Starting at Julie Flourish age 68 ($28,000 for 32 years COLA 2% less 15% Tax)
$230,716
• Pension @ 65 : PSERS * Starting at Thomas Flourish age 65 (FV $31,500 for 35 years COLA 0% less 15% Tax)
$143,260
• Active 401(K) Contributions : Fidelity * Starting at Julie Flourish age 41 ($13,000 for 24 years COLA 3% less 15% Tax)
$213,942
• 403b Contributions : Allstate Starting at Thomas Flourish age 41 ($7,500 for 24 years COLA 3% less 15% Tax)
$123,428
$229,595
Assets Available 15% • Whole Life: Allstate ($12,000 less 0% Tax) • Universal Life: Met LIfe * ($1,800 less 0% Tax)
$12,000 $1,800
• 403b: Allstate ($84,000 less 25% Tax)
$63,000
• Roth IRA Brokerage: Etrade * ($75,000 less 0% Tax)
$75,000
• Active 401(K): Fidelity * ($19,000 less 25% Tax)
$14,250
• IRA: Vanguard * ($32,000 less 25% Tax)
$24,000
• Mutual Funds: Various * ($50,000 less 8% Tax)
$46,000
Insurance Available 0% • No Active Insurance Policies
Analysis is based on a present value comparison between the total capital needed in a hypothetical cash-flow scenario occurring within the time frame specified and the present value of capital currently available to meet the stated need.*"Capital Required" and "Capital Available" are based on a formula comprising an annual sum inflated at the stated 3% factor, unless otherwise noted with a cost of living adjustment (COLA), and an assumed return on the available capital of the stated hypothetical 5% rate net of fees and expenses. Monthly additions indicates the amount of contributions needed during the stated duration in years that would replace the deficit in funding. This monthly addition is assumed to increase each year by the stated overall inflation factor. The impacts of taxes are approximated by reducing the present value of a particular capital item by an assumed embedded tax. The impact of investment style and market fluctuation cannot be predicted and are not taken into account. This data summarizes certain data you have provided to us. Accounts and/or assets marked with a * have not been offered, sold and/or serviced by Anderson Financial Inc., or their subsidiaries or affiliates (collectively, "Anderson Financial Inc."). Valuations of certain assets such as real estate or personal property are based on estimates provided by you, and Anderson Financial Inc. makes no representations as to their value. This is not an official record of your assets or any account and/or contract, and it is provided for your convenience and information only. If there is a discrepancy between any of the information herein and the official records of your assets, accounts and/or contracts, the official records will take precedence. Anderson Financial Inc. makes no representation that the data presented herein, or in any other statement, is accurate. Please verify this data and advise us of any inaccuracies. Anderson Financial Inc. will not monitor or provide service regarding non-managed assets. All Rights Reserved © 2016 - Asset-Map®, LLC
Flourish (XGEN) • Sep 2016 Lead Advisor: David Anderson, CFP®
Disclosure Statement The following reports are diagnostic tools intended to review your current financial situation and suggest possible planning shortfalls that might be helpful. This analysis is based on information and assumptions provided by you (the client). As a point-in-time summary, this document is not subject to automatic updating. Additionally, changes to laws are frequent and in and of themselves may cause unforeseen results. The preparer believes the information contained in the software is accurate, but it has not been independently verified. We recommend that you review your plan annually, unless changes in your personal or financial circumstances require more frequent review. Consult with your tax and/or legal advisors before implementing any tax or legal strategies, which were referred to during the planning process. The analysis may not reflect all holdings or transactions, their costs, or proceeds received by you. Prices that may be indicated in the report are obtained as of a given date and time from sources we consider reliable but may change at any time without notice and are not guaranteed. Past performance is no guarantee of future results. It is important to realize that actual results may differ from projections and that this report should not be considered a guarantee of the estimated or hypothetical results generated by the software used by the preparer. All rates of return used in this report are hypothetical and for illustrative purposes only and do not represent the performance of any specific insurance or investment product. This report is to be used as a planning tool only and is not to be used to solicit the purchase of any particular insurance or investment product. Please also be advised that the hypothetical account calculations are not to be used to solicit the sale of any particular insurance or investment product.
This data summarizes certain data you have provided to us. Accounts and/or assets marked with a * have not been offered, sold and/or serviced by Anderson Financial Inc., or their subsidiaries or affiliates (collectively, "Anderson Financial Inc."). Valuations of certain assets such as real estate or personal property are based on estimates provided by you, and Anderson Financial Inc. makes no representations as to their value. This is not an official record of your assets or any account and/or contract, and it is provided for your convenience and information only. If there is a discrepancy between any of the information herein and the official records of your assets, accounts and/or contracts, the official records will take precedence. Anderson Financial Inc. makes no representation that the data presented herein, or in any other statement, is accurate. Please verify this data and advise us of any inaccuracies. Anderson Financial Inc. will not monitor or provide service regarding non-managed assets. All Rights Reserved © 2016 - Asset-Map®, LLC
