Model Personalized Plan

Prepared for
Stephen and Michelle Douglas
PERSONAL PLANNING ANALYSIS

Life Goals and Financial Needs
June 15, 2013
Prepared by
Norm Weston CLU
Northwestern Mutual
720 E. Wisconsin Ave
Milwaukee, Wisconsin 53202
(414) 271-1444
Norm.Weston@nmfn.com
IMPORTANT: This Personal Planning Analysis (plan) is based on information provided by you about your financial
situation and goals. Unless we state otherwise, this plan uses hypothetical assumptions that you believe are reasonable
for inflation and rates of return on assets that are not guarantees or projections. This plan is not complete without the
Assumptions and Important Disclosures pages at the end.
Table of Contents
Current Financial Position.................................................................................................................................. 4

Survivor Income - Stephen................................................................................................................................. 8
Survivor Income - Michelle............................................................................................................................. 14
Disability Income - Stephen............................................................................................................................. 20
Disability Income - Michelle............................................................................................................................ 25
Education.......................................................................................................................................................... 30
Retirement.........................................................................................................................................................38
Assumptions..................................................................................................................................................... 43
Important Disclosures....................................................................................................................................... 45
This plan is not complete without the Assumptions and Important Disclosures pages appearing at the end.
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Discovery Agreement
Your Planning Objectives
Develop a plan to accumulate sufficient resources to retire comfortably.
Develop a plan to provide for your family in the event of a premature death.
Develop a plan to provide for you and your family in the event of a long term
disability.
Develop a plan to fund your children's educations.
Personal Information
Age at
End of
Year
Stephen
Michelle
Children
Vincent
Gloria
36
36
4
1
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Balance Sheet
Cu r r e n t
Fi n a n c i a l
Po s i t i o n
As of June 15, 2013

Amount
Percent
$20,000
$25,000
$60,000
$30,000
$135,000
2.57%
3.22%
7.72%
3.86%
17.37%
$4,000
$4,000
$8,000
0.51%
0.51%
1.03%
Qualified Retirement Assets

Stephen's IRA
Stephen's 401(k)
Michelle's 401(k)
Total Qualified Retirement Assets
$45,000
$60,000
$24,000
$129,000
5.79%
7.72%
3.09%
16.60%
Lifestyle Assets
Residence (Joint)
Vehicle (Joint)
Total Lifestyle Assets
$475,000
$30,000
$505,000
61.13%
3.86%
64.99%
TOTAL ASSETS
$777,000
100.00%
Liabilities
Mortgage (Joint)
Student Loans (Joint)
$320,000
$30,000
41.18%
3.86%
TOTAL LIABILITIES
$350,000
45.05%
TOTAL NET WORTH
$427,000
54.95%
Non-Qualified Assets
Savings Account (Joint)
CDs (Joint)
Mutual Funds (Joint)
Stocks (Joint)
Total Non-Qualified Assets
Qualified Education Assets
Vincent's 529 (Stephen)
Gloria's 529 (Stephen)
Total Qualified Education Assets
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Financial Goals Report Card

100%
90%
80%
Goal Coverage
70%
60%
50%
40%
30%
20%
10%
0%
Goal Description
Goal Coverage
Retirement
Vincent's College Education
Gloria's College Education
Survivor Income - Stephen
Survivor Income - Michelle
Disability Income - Stephen
Disability Income - Michelle
68%
5%
4%
68%
61%
59%
56%
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What Steps Can You Take For A Lifetime Of Financial Security?
Financial security is the confidence that comes from taking action today to provide for
tomorrow. It includes setting goals, accumulating resources, addressing risks, implementing
lifetime income strategies and revisiting your plan as needed. It's a process that should be
disciplined - but personalized and flexible to adapt to changes over time. While there is no
"cookie-cutter" strategy that works for everyone, at least consider the following steps at each
stage of your life.
23-0116-03 (1209)
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Human Life Value

The economic value of a human life arises out of its relations to other lives. Whenever continuance of a life is
financially valuable to others, either to family dependents, business associates, or educational and philanthropic
situations, the necessity for life insurance is present.
The Economics of Life Insurance
Solomon S. Huebner (1882-1964)
President, American College of Life Underwriters
Professor of Insurance and Commerce, Wharton School, University of Pennsylvania
*
Your earning power is the most valuable asset your family possesses.
Stephen, over your remaining work life of 29 years, based on your current earnings of $100,000, growing to
$228,793 when you retire in 2042, you will earn $4,521,885. The capital needed to replace that income (discounted
at 6.00%) is $1,996,616.
Michelle, over your remaining work life of 29 years, based on your current earnings of $75,000, growing to
$171,595 when you retire in 2042, you will earn $3,391,414. The capital needed to replace that income (discounted
at 6.00%) is $1,497,462.
Besides being valuable, your life is vulnerable. The change of a few degrees in body temperature or a momentary
lapse on the highway could shorten or end it.
How well you protect your income could have much to do with the future happiness and material security of your
family.
The purpose of insurance is to protect against loss resulting from catastrophic events.
This Human Life Value concept, together with other important data, can help you determine your life and disability
insurance needs.
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Survivor Income Objectives at Stephen's Death on December 31,

2013
Su r v i v o r
I n c o me -
St e p h e n
Client Information
Michelle
36
65 / 2042
90 / 2067
Age at End of Year

Retirement Age/Year
Assumed Death at Age/Year
Immediate Cash Needs at Death

Description
Student Loans
Final Expenses
Mortgage
Amount
(in today's dollars)
$30,000
$50,000
$320,000
Amount
(Dec 31 2013)
$29,650
$50,000
$316,736
$400,000
$396,385
Total
Income Needs after Death
Description
Lifestyle Expenses
Annual
Amount
(in today's
dollars)
$102,000
Annual
Annualized
Increase
Amount at
Rate Survivorship
3.0%
$105,060
Individual
Michelle
Applicable
Jan 1 2014 to Dec 31 2067
Savings to Michelle's
401(k)
Michelle
Jan 1 2014 to Dec 31 2041
4.00% of
Salary
NA
$3,090
Vincent's College
Education
Gloria's College
Education
Vincent
Jan 1 2027 to Dec 31 2030
$15,000
7.0%
NA
Gloria
Jan 1 2030 to Dec 31 2033
$15,000
7.0%
NA
$108,150
Annual Income Needed
The amounts and dates above are based on information provided by you. Annual increase rates used are hypothetical
rates at which you are assuming an amount will grow over time due to inflation or other reasons.
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Resources Available at Stephen's Death

Sources of Immediate Cash
Description
Employer Life Insurance
Life Insurance
Savings Account
CDs
Stocks
Mutual Funds
Amount
(in today's
dollars)
$200,000
$800,000
$20,000
$25,000
$30,000
$60,000
Annual
Return
Amount
(%) (Dec 31 2013)
$200,000
$800,000
6.0%
$20,539
6.0%
$25,674
6.0%
$30,809
6.0%
$61,617
Total
$1,135,000
$1,138,638
Sources of Income
Description
Earned Income
Salary
Social Security
Social Security Benefit
-------------------Before-Tax------------------Annual
Income
Annual Annualized
(in today's
Increase
Income at
dollars)
Rate Survivorship
Individual
Applicable
Michelle
Jan 1 2014 to Dec 31 2041
$75,000
3.0%
$77,250
Vincent
Gloria
Michelle
Jan 1 2014 to Dec 31 2026

Jan 1 2014 to Dec 31 2029
Jan 1 2042 to Dec 31 2067
$22,136
$22,136
$27,111
3.0%
3.0%
3.0%
$22,800
$22,800
NA
Annual Before-Tax Income Available
$122,850
Assets Available for Education
Description
Vincent's 529
Gloria's 529
Individual
Vincent
Gloria
Beginning
Balance
$4,000
$4,000
Annual
Return
(%)
6.0%
6.0%
Assets Available for Survivors Retirement
Description
Stephen's IRA
Stephen's 401(k)
Michelle's 401(k)
Annual
Beginning Pre-Retirement
Balance
Return (%)
$45,000
6.0%
$60,000
6.0%
$24,000
6.0%
Amount at
Retirement
$238,077
$335,691
$436,402
Annual
Retirement
Return (%)
6.0%
6.0%
6.0%
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Annual Contributions to Assets
Description
Michelle's 401(k)
Pre-Tax contribution
Applicable
Jan 1 2014 to Dec 31 2041
Annual
Amount
(in today's
dollars)
4.00% of
Salary
Annual
Increase
Rate
NA
rates at which you are assuming an amount will grow over time due to inflation or other reasons. Return rates used for
the growth of investments are hypothetical assumptions you believe are reasonable for this plan and are not guarantees
or projections.
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Cash Flow at Stephen's Death

$550,000
$500,000
$450,000
$400,000
$350,000
$300,000
$250,000
$200,000
$150,000
$100,000
$50,000
Income Available
Shortage
Assets Liquidated
Before-Tax Income Need
89
87
85
83
81
79
77
75
73
71
69
67
65*
63
61
59
57
55
53
51
49
47
45
43
41
39
37
$0
After-Tax Income Need
Values above the before-tax need line represent a surplus. Return rates used for the growth of investments are
hypothetical assumptions you believe are reasonable for this plan and are not guarantees or projections.
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Goal Coverage at Stephen's Death

100%
90%
80%
Goal Coverage
70%
60%
50%
40%
30%
20%
10%
0%
Needs Covered
Shortage
Description
Immediate Cash Needs
Income Needs
Total
$396,385
$5,821,919
Covered
$396,385
$3,882,369
Shortage
$0
$1,939,550
Percent
Covered
100%
66%
Totals
$6,218,304
$4,278,754
$1,939,550
68%
Values are reflected in todays dollars by discounting at a 3.00% inflation rate.
Minimum Life Insurance to Fund Needs*
$1,006,282
*Additional insurance proceeds assumed to grow at a rate of 6.0% pre-retirement and 6.0% during retirement until
spent.
Return rates used for the growth of investments are hypothetical assumptions you believe are reasonable for this plan
and are not guarantees or projections.
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Cash Flow at Stephen's Death with Addition of Life Insurance

Current
$550,000
$500,000
$450,000
$400,000
$350,000
$300,000
$250,000
$200,000
$150,000
$100,000
$50,000
87
89
89
85
85
87
83
79
77
75
73
71
83
81
Shortage
Assets Liquidated
81
Income Available
69
67
65*
63
61
59
57
55
53
51
49
47
45
43
41
39
37
$0
With $1,006,282 of Additional Life Insurance

$700,000
$600,000
$500,000
$400,000
$300,000
$200,000
$100,000
Income Available
Shortage
Assets Liquidated
79
77
75
73
71
69
67
65*
63
61
59
57
55
53
51
49
47
45
43
41
39
37
$0
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Survivor Income Objectives at Michelle's Death on December 31,

2013
Su r v i v o r
I n c o me -
Mi c h e l l e
Client Information
Stephen
36
65 / 2042
90 / 2067
Age at End of Year

Retirement Age/Year
Immediate Cash Needs at Death

Description
Student Loans
Final Expenses
Mortgage
Amount
$30,000
$50,000
$320,000
Amount
(Dec 31 2013)
$29,650
$50,000
$316,736
$400,000
$396,385
Total
Income Needs after Death
Description
Lifestyle Expenses
Annual
Amount
(in today's
dollars)
$102,000
Annual
Annualized
Increase
Amount at
Rate Survivorship
3.0%
$105,060
Individual
Stephen
Applicable
Jan 1 2014 to Dec 31 2067
Savings to Stephen's
401(k)
Stephen
Jan 1 2014 to Dec 31 2041
4.00% of
Salary
NA
$4,120
Vincent's College
Education
Gloria's College
Education
Vincent
Jan 1 2027 to Dec 31 2030
$15,000
7.0%
NA
Gloria
Jan 1 2030 to Dec 31 2033
$15,000
7.0%
NA
$109,180
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Resources Available at Michelle's Death

Sources of Immediate Cash
Description
Life Insurance
Savings Account
CDs
Stocks
Mutual Funds
Total
Amount
(in today's
dollars)
$250,000
$20,000
$25,000
$30,000
$60,000
Annual
Return
Amount
(%) (Dec 31 2013)
$250,000
6.0%
$20,539
6.0%
$25,674
6.0%
$30,809
6.0%
$61,617
$385,000
$388,638
Sources of Income
Description
Earned Income
Salary
Social Security
Income
Annual Annualized
(in today's
Increase
Income at
dollars)
Rate Survivorship
Individual
Applicable
Stephen
Jan 1 2014 to Dec 31 2041
$100,000
3.0%
$103,000
Vincent
Gloria
Stephen
Jan 1 2014 to Dec 31 2026

Jan 1 2014 to Dec 31 2029
Jan 1 2042 to Dec 31 2067
$19,455
$19,455
$25,518
3.0%
3.0%
3.0%
$20,038
$20,038
NA
$143,077
Description
Vincent's 529
Gloria's 529
Individual
Vincent
Gloria
Beginning
Balance
$4,000
$4,000
Annual
Return
(%)
6.0%
6.0%
Assets Available for Survivors Retirement
Description
Michelle's 401(k)
Stephen's IRA
Stephen's 401(k)
Annual
Balance
Return (%)
$24,000
6.0%
$45,000
6.0%
$60,000
6.0%
Amount at
Retirement
$136,102
$238,077
$936,290
Annual
Retirement
Return (%)
6.0%
6.0%
6.0%
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Description
Stephen's 401(k)
Applicable
Jan 1 2014 to Dec 31 2041
Employer contribution
Jan 1 2014 to Dec 31 2041
Annual
Amount
(in today's
dollars)
4.00% of
Salary
2.00% of
Salary
Annual
Increase
Rate
NA
NA
or projections.
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Cash Flow at Michelle's Death

$550,000
$500,000
$450,000
$400,000
$350,000
$300,000
$250,000
$200,000
$150,000
$100,000
$50,000
Income Available
Shortage
Assets Liquidated
89
87
85
83
81
79
77
75
73
71
69
67
65*
63
61
59
57
55
53
51
49
47
45
43
41
39
37
$0
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Goal Coverage at Michelle's Death

100%
90%
80%
Goal Coverage
70%
60%
50%
40%
30%
20%
10%
0%
Needs Covered
Shortage
Description
Immediate Cash Needs
Income Needs
Total
$396,385
$5,849,919
Covered
$373,113
$3,469,762
Shortage
$23,272
$2,380,157
Percent
Covered
94%
59%
Totals
$6,246,304
$3,842,876
$2,403,429
61%
Minimum Life Insurance to Fund Needs*
$1,369,813
*Additional insurance proceeds assumed to grow at a rate of 6.0% pre-retirement and 6.0% during retirement until
spent.
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Cash Flow at Michelle's Death with Addition of Life Insurance

Current
$550,000
$500,000
$450,000
$400,000
$350,000
$300,000
$250,000
$200,000
$150,000
$100,000
$50,000
87
89
89
85
85
87
83
79
77
75
73
71
83
81
Shortage
Assets Liquidated
81
Income Available
69
67
65*
63
61
59
57
55
53
51
49
47
45
43
41
39
37
$0
With $1,369,813 of Additional Life Insurance

$700,000
$600,000
$500,000
$400,000
$300,000
$200,000
$100,000
Income Available
Shortage
Assets Liquidated
79
77
75
73
71
69
67
65*
63
61
59
57
55
53
51
49
47
45
43
41
39
37
$0
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Disability Income Objectives during Stephen's Disability

Starting on January 1, 2014
Di s a b i l i t y I n c o me -
St e p h e n
Client Information
Age at End of Year
Retirement Age/Year
Stephen
36
65 / 2042
90 / 2067
Michelle
36
65 / 2042
90 / 2067
Income Needs during Disability
Description
Mortgage
Student Loans
Lifestyle Expenses
Individual
Applicable
Joint
Jan 1 2014 to Jun 30 2040
Joint
Jan 1 2014 to Jul 30 2036
Joint
Jan 1 2014 to Jan 1 2067
Monthly
Amount
(in today's
dollars)
$1,800
$200
$8,500
Annual
Amount
(in today's
dollars)
$21,600
$2,400
$102,000
Annual
Increase
Rate
0.0%
0.0%
3.0%
Monthly
Amount at
Disability
$1,800
$200
$8,755
Savings to
Michelle's 401(k)
Michelle
Jan 1 2014 to Dec 31 2041
4.00% of
Salary
4.00% of
Salary
NA
$258
Vincent's College
Education
Gloria's College
Education
Vincent
Jan 1 2027 to Dec 31 2030
$1,250
$15,000
7.0%
NA
Gloria
Jan 1 2030 to Dec 31 2033
$1,250
$15,000
7.0%
NA
Monthly Income Need
$11,013
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Resources Available during Stephen's Disability

Sources of Income
Description
Insurance Benefits
Group LTD
----------------------Before-Tax--------------------Monthly
Annual
Income
Income
Annual
Monthly
(in today's (in today's
Increase Income at
dollars)
dollars)
Rate Disability
Individual
Applicable
Stephen
Jul 1 2014 to Dec 31 2041
$5,000
$60,000
0.0%
$5,000
Earned Income
Salary
Michelle
Jan 1 2014 to Dec 31 2041
$6,250
$75,000
3.0%
$6,438
Social Security
Stephen
Michelle
Jan 1 2042 to Jan 1 2067

Jan 1 2042 to Jan 1 2067
$1,213
$1,894
$14,558
$22,732
3.0%
3.0%
NA
NA
$11,438
Monthly Before-Tax Income Available
Description
Vincent's 529
Gloria's 529
Individual
Vincent
Gloria
Beginning
Balance
$4,000
$4,000
Annual
Return
(%)
6.0%
6.0%
Assets Available for Retirement
Description
Savings Account
CDs
Stocks
Mutual Funds
Stephen's IRA
Stephen's 401(k)
Michelle's 401(k)
Individual
Joint
Joint
Joint
Joint
Stephen
Stephen
Michelle
Annual
Balance
Return (%)
$20,000
6.0%
$25,000
6.0%
$30,000
6.0%
$60,000
6.0%
$45,000
6.0%
$60,000
6.0%
$24,000
6.0%
Amount at
Retirement
$72,743
$90,929
$109,115
$218,229
$238,077
$335,691
$436,402
Annual
Retirement
Return (%)
6.0%
6.0%
6.0%
6.0%
6.0%
6.0%
6.0%
Description
Michelle's 401(k)
Applicable
Jan 1 2014 to Dec 31 2041
Annual
Amount
(in today's
dollars)
4.00% of
Salary
Annual
Increase
Rate
NA
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or projections.
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Cash Flow during Stephen's Disability

$550,000
$500,000
$450,000
$400,000
$350,000
$300,000
$250,000
$200,000
$150,000
$100,000
$50,000
Income Available
Shortage
Assets Liquidated
89/89
87/87
85/85
83/83
81/81
79/79
77/77
75/75
73/73
71/71
69/69
67/67
*65/65*
63/63
61/61
59/59
57/57
55/55
53/53
51/51
49/49
47/47
45/45
43/43
41/41
39/39
37/37
$0
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Goal Coverage during Stephen's Disability

100%
90%
80%
Goal Coverage
70%
60%
50%
40%
30%
20%
10%
0%
Needs Covered
Description
Income Needs
Total
$6,251,597
Shortage
Covered
$3,727,400
Shortage
$2,524,197
Percent
Covered
59%
Average Monthly Shortage to Age 65 in Todays Dollars
$3,768
You may qualify for a different amount of disability insurance (DI) than the shortage shown. While it is
important to obtain as much DI coverage as possible, you may also need to consider additional strategies to
help you build and preserve equity to fund future needs:
Continuing (or increasing) saving strategies

Maintaining a suitable emergency fund
Repositioning current assets
Reducing expenses
Including waiver of premium benefits in your
disability and life insurance policies
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Disability Income Objectives during Michelle's Disability

Starting on January 1, 2014
Di s a b i l i t y I n c o me -
Mi c h e l l e
Client Information
Age at End of Year
Retirement Age/Year
Stephen
36
65 / 2042
90 / 2067
Michelle
36
65 / 2042
90 / 2067
Income Needs during Disability
Description
Mortgage
Student Loans
Lifestyle Expenses
Individual
Applicable
Joint
Jan 1 2014 to Jun 30 2040
Joint
Jan 1 2014 to Jul 30 2036
Joint
Jan 1 2014 to Jan 1 2067
Monthly
Amount
(in today's
dollars)
$1,800
$200
$8,500
Annual
Amount
(in today's
dollars)
$21,600
$2,400
$102,000
Annual
Increase
Rate
0.0%
0.0%
3.0%
Monthly
Amount at
Disability
$1,800
$200
$8,755
Savings to Stephen's
401(k)
Stephen
Jan 1 2014 to Dec 31 2041
4.00% of
Salary
4.00% of
Salary
NA
$343
Vincent's College
Education
Gloria's College
Education
Vincent
Jan 1 2027 to Dec 31 2030
$1,250
$15,000
7.0%
NA
Gloria
Jan 1 2030 to Dec 31 2033
$1,250
$15,000
7.0%
NA
Monthly Income Need
$11,098
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Resources Available during Michelle's Disability

Sources of Income
Description
Earned Income
Salary
Social Security
----------------------Before-Tax--------------------Monthly
Annual
Income
Income
Annual
Monthly
(in today's (in today's
Increase Income at
dollars)
dollars)
Rate Disability
Individual
Applicable
Stephen
Jan 1 2014 to Dec 31 2041
$8,333
$100,000
3.0%
$8,583
Stephen
Michelle
Jan 1 2042 to Jan 1 2067

Jan 1 2042 to Jan 1 2067
$2,127
$1,009
$25,518
$12,110
3.0%
3.0%
NA
NA
Monthly Before-Tax Income Available
$8,583
Description
Vincent's 529
Gloria's 529
Individual
Vincent
Gloria
Beginning
Balance
$4,000
$4,000
Annual
Return
(%)
6.0%
6.0%
Assets Available for Retirement
Description
Savings Account
CDs
Stocks
Mutual Funds
Michelle's 401(k)
Stephen's IRA
Stephen's 401(k)
Individual
Joint
Joint
Joint
Joint
Michelle
Stephen
Stephen
Annual
Balance
Return (%)
$20,000
6.0%
$25,000
6.0%
$30,000
6.0%
$60,000
6.0%
$24,000
6.0%
$45,000
6.0%
$60,000
6.0%
Amount at
Retirement
$72,743
$90,929
$109,115
$218,229
$136,102
$238,077
$936,290
Annual
Retirement
Return (%)
6.0%
6.0%
6.0%
6.0%
6.0%
6.0%
6.0%
Description
Stephen's 401(k)
Applicable
Jan 1 2014 to Dec 31 2041
Jan 1 2014 to Dec 31 2041
Annual
Amount
(in today's
dollars)
4.00% of
Salary
2.00% of
Salary
Annual
Increase
Rate
NA
NA
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or projections.
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Cash Flow during Michelle's Disability

$550,000
$500,000
$450,000
$400,000
$350,000
$300,000
$250,000
$200,000
$150,000
$100,000
$50,000
Income Available
Shortage
Assets Liquidated
89/89
87/87
85/85
83/83
81/81
79/79
77/77
75/75
73/73
71/71
69/69
67/67
*65/65*
63/63
61/61
59/59
57/57
55/55
53/53
51/51
49/49
47/47
45/45
43/43
41/41
39/39
37/37
$0
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Goal Coverage during Michelle's Disability

100%
90%
80%
Goal Coverage
70%
60%
50%
40%
30%
20%
10%
0%
Needs Covered
Description
Income Needs
Total
$6,279,597
Shortage
Covered
$3,530,644
Shortage
$2,748,952
Percent
Covered
56%
Average Monthly Shortage to Age 65 in Todays Dollars
$4,857
You may qualify for a different amount of disability insurance (DI) than the shortage shown. While it is
important to obtain as much DI coverage as possible, you may also need to consider additional strategies to
help you build and preserve equity to fund future needs:
Continuing (or increasing) saving strategies

Maintaining a suitable emergency fund
Repositioning current assets
Reducing expenses
Including waiver of premium benefits in your
disability and life insurance policies
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Education Objectives
Ed u c a t i o n
Description
Individual
Vincent
Gloria
Age at
End of
Year
4
1
Year
2027
2028
2029
2030
2031
2032
2033
Total Resources Needed
Starts at
Age
18
18
Annual
Amount
(in today's Number of
dollars)
Years
$15,000
4
$15,000
4
Annual
Increase Resources
Rate
Needed
7.0%
$171,728
7.0%
$210,374
Resources Needed
(in today's (in future
dollars)
dollars)
$15,000
$38,678
$15,000
$41,385
$15,000
$44,282
$30,000
$94,764
$15,000
$50,699
$15,000
$54,248
$15,000
$58,045
$382,103
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Resources Available for Education

Assets Available
Description
Vincent's 529
Gloria's 529
Goal
Annual
Return
(%)
6.0%
6.0%
Beginning Balance
$4,000
$4,000
or projections.
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Cash Flow for Education

$100,000
$90,000
$60,000
$50,000
$40,000
$30,000
$20,000
$10,000
$0
2027
2028
2029
2030
2031
2032
2033
Shortage
Assets Liquidated
Income Available
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Goal Coverage for Education

100%
90%
80%
Goal Coverage
70%
60%
50%
40%
30%
20%
10%
0%
1
Goal
Needs Covered
Goal
Number
1
2
Totals
Description
Shortage
Total
$171,728
$210,374
Covered
$8,830
$10,517
Shortage
$162,898
$199,857
Percent
Covered
5%
4%
$382,103
$19,347
$362,755
5%
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Comparison of Savings Alternatives for Vincent's College Education

Begin Saving Now
Description
Taxable
529 Plans
Single Deposit
$82,204
$67,417
Level Monthly Initial Monthly Deposit

Deposit
Increasing at 3.0%
$588
$470
$529
$427
Monthly deposits assumed to begin Jul 1 2013 and end Dec 31 2029
Begin Saving after 3 Years

Description
Taxable
529 Plans
Single Deposit
$94,120
$80,309

Deposit
Increasing at 3.0%
$775
$589
$714
$546
Assumed Annual Rates of Return

Description
Taxable
529 Plans
Tax Treatment
Taxable
Tax-free
Pre-Retirement
6.0%
6.0%
Retirement
6.0%
6.0%
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Comparison of Savings Alternatives for Gloria's College Education

Begin Saving Now
Description
Taxable
529 Plans
Single Deposit
$88,076
$69,464

Deposit
Increasing at 3.0%
$565
$436
$496
$387

Description
Taxable
529 Plans
Single Deposit
$100,842
$82,723

Deposit
Increasing at 3.0%
$721
$528
$649
$479

Description
Taxable
529 Plans
Tax Treatment
Taxable
Tax-free
Pre-Retirement
6.0%
6.0%
Retirement
6.0%
6.0%
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What Are The Risks That Can Challenge Financial Security In

Retirement?
As in other life stages, retirees face financial risks - many of which are no longer borne by the
government or employers, but must be managed individually. And, with increasing life
expectancies, most people will need to manage these risks for decades. To integrate financial
risk management with income distribution and wealth accumulation goals, the following risks
must be addressed as you plan for retirement.
1. LONGEVITY RISK
4. HEALTH CARE RISK
Longevity risk refers to the possibility

you could outlive your money. It's
important to remember that an average
life expectancy is just that - an average.
2. MARKET RISK
Longer life expectancies, rapidly rising

medical costs, fewer employer-sponsored
retiree benefits and the limitations of
Medicare make health care expenses a
significant risk in retirement.
5. LONG-TERM CARE RISK
Investment markets can go up ... and

down. Market declines early in your
retirement will have a greater impact
than a decline in later years.
3. INFLATION AND TAX RISK
About 70 percent of individuals over age 65

will require at least some type of long-term
care services during their lifetime. These
expenses are not covered by private health
insurance or Medicare and can destroy an
otherwise sound financial security plan.
6. LEGACY RISK
Both taxes and inflation can take a bite

out of retirement savings - inflation by
reducing your purchasing power, and
taxes by reducing your income and
leaving you with less money to spend.
Experience has shown that, as people age,

their desire to leave a financial legacy to
loved ones or charity often increases.
Without adequate planning many retirees
risk not being able to meet this objective.
National Clearinghouse for Long-Term Care Information, U.S. Department of Health and Human Services.
www.longtermcare.gov/LTC/Main_Site/Understanding_Long_Term_Care/Basics/Basics.aspx
(Paper copies available upon request).
23-0116-07 (1209)
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Having Choices in Retirement Really Matters
Using multiple types of assets to fund your income needs can give you the flexibility required
to make strategic withdrawals from various accounts - which can help you manage income
during retirement.
Securities are offered through Northwestern Mutual Investment Services, LLC, 1-866-664-7737, a subsidiary of Northwestern Mutual,
broker-dealer and member FINRA and SIPC.
23-0116-01 (0510) (REV 1110)
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Retirement Income Objectives Starting on January 1, 2042

Re t i r e me n t
Client Information
Age at End of Year
Retirement Age/Year
Stephen
36
65 / 2042
90 / 2067
Michelle
36
65 / 2042
90 / 2067
Income Needs during Retirement
Description
Retirement Expense
Essential
Need
Individual
Y
Joint
Applicable
Jan 1 2042 to Dec 31 2067
Annual
Amount
(in today's
dollars)
$102,000
Annual
Increase
Rate
3.0%
Annualized
Amount at
Retirement
$240,370
$240,370
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Resources Available during Retirement

Sources of Income
Description
Social Security
Stephen's Benefit
Michelle's Benefit
Income
Annual
Annualized
(in today's
Increase
Income at
dollars)
Rate
Retirement
Individual
Applicable
Stephen
Michelle
Jan 1 2042 to Dec 31 2067

Jan 1 2042 to Dec 31 2067
$25,518
$22,732
3.0%
3.0%
$60,136
$53,570
$113,706
Investment Assets Available for Retirement
Description
Stocks
Mutual Funds
Stephen's IRA
Michelle's 401(k)
Stephen's 401(k)
Individual
Joint
Joint
Stephen
Michelle
Stephen
Annual
Balance
Return (%)
$30,000
6.0%
$60,000
6.0%
$45,000
6.0%
$24,000
6.0%
$60,000
6.0%
Amount at
Retirement
$109,115
$218,229
$238,077
$436,402
$936,290
Annual
Retirement
Return (%)
6.0%
6.0%
6.0%
6.0%
6.0%

Description
Stephen's 401(k)
Annual Amount
Annual Increase Rate
Jan 1 2013 to Dec 31 2041

Jan 1 2013 to Dec 31 2041
4.00% of Salary
2.00% of Salary
NA
NA
Jan 1 2013 to Dec 31 2041
4.00% of Salary
NA
Applicable
Michelle's 401(k)
or projections.
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Cash Flow during Retirement

$600,000
$500,000
$400,000
$300,000
$200,000
$100,000
Income Available
Shortage
Assets Liquidated
90/90
89/89
88/88
87/87
86/86
85/85
84/84
83/83
82/82
81/81
80/80
79/79
78/78
77/77
76/76
75/75
74/74
73/73
72/72
71/71
70/70
69/69
68/68
67/67
66/66
*65/65*
$0
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Goal Coverage during Retirement

100%
90%
80%
Goal Coverage
70%
60%
50%
40%
30%
20%
10%
0%
Needs Covered
Description
Income Needs
Total
$2,652,000
Shortage
Covered
$1,822,720
Shortage
$829,280
Percent
Covered
68%
Summary of Savings Alternatives to Fully Cover Retirement Needs
Taxable
Tax-deferred
Tax-free
Tax-deductible
Annual
Pre-Retirement
Return (%)
6.0%
6.0%
6.0%
6.0%
Annual
Retirement
Return (%)
6.0%
6.0%
6.0%
6.0%
Account Balance
Required at
Retirement
$1,227,879
$1,391,946
$1,078,403
$1,434,456
Level Monthly
Deposit
$1,759
$1,582
$1,225
$1,630
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Comparison of Savings Alternatives for Retirement

Begin Saving Now
Description
Taxable
Tax-deferred Annuities
Roths
401k, IRA, 403b, and 457
Actual Contribution
Tax Savings
Comparable After-Tax Cost
Single Deposit
$338,858
$273,053
$204,530
$272,452
($62,664)
$209,788

Deposit
Increasing at 3.0%
$1,759
$1,225
$1,582
$1,123
$1,225
$874
$1,630
($375)
$1,255
$1,164
($268)
$896

Description
Taxable
Roths
401k, IRA, 403b, and 457
Actual Contribution
Tax Savings
Comparable After-Tax Cost
Single Deposit
$388,027
$323,443
$243,600
$324,492
($74,633)
$249,859

Deposit
Increasing at 3.0%
$2,132
$1,404
$1,958
$1,306
$1,527
$1,025
$2,032
($467)
$1,565
$1,366
($314)
$1,052

Description
Taxable
Roths
401k, IRA, 403b, and 457
Tax Treatment
Taxable
Tax-deferred
Tax-free
Tax-deductible
Pre-Retirement
6.0%
6.0%
6.0%
6.0%
Retirement
6.0%
6.0%
6.0%
6.0%
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Assumptions
As s u mp t i o n s
The following assumptions have been used in preparing this analysis. Since the results of this analysis are very sensitive
to the assumptions, it is important to review them on a regular basis.
Tax Assumptions
Planning Analysis
Retirement /Education
Survivor Income
When Stephen Dies
When Michelle Dies
Disability Income
After Stephen's Disability
After Michelle's Disability
-------Income Tax Rate------Pre-Retirement Retirement

23.00%
23.00%
23.00%
23.00%
23.00%
23.00%
23.00%
23.00%
23.00%
23.00%
As Legislated (sunset applies)

On December 17, 2010, the U.S. Congress adopted the Tax Relief, Unemployment Insurance Re-authorization and Job
Creation Act of 2010 (the Act). This Act extends the Bush era tax cuts for two years. The Act extends the major changes
to estate tax, gift tax, and generation-skipping transfer tax (GSTT) which began in the year 2002 and will now continue
through 2012. After 2012, the legislation enacted will sunset (or not apply) and revert to 2001 laws.
The changes made to personal and estate taxes (including credits, exemptions, etc.) are being extended through 2012.
The exemption is now set at $5 million per person with a maximum tax rate of 35 percent for estate, gift, and generation
skipping transfer taxes (GSTT) through 2012 (with the exemption amount being indexed by the cost-of-living
adjustment, beginning in 2012).
For 2010 only, an election is available to choose no estate tax and modified carryover basis for estates on or after
January 1, 2010 and before January 1, 2011. In this case, a $5 million GSTT exemption is set with a zero percent rate.
Beginning on January 1, 2011, a decedents portion of unused exemption can be transferred to the surviving spouse; in
some cases, alleviating complicated estate planning strategies which are generally required to claim an entire exemption.
Estate and gift taxes have also been reunified. A single graduated rate scale will now be used for both gifts and/or
bequests. The maximum gift tax rate was reduced to 35% in 2010 and will continue at that rate through 2012.
On May 28, 2003, the Jobs and Growth Tax Relief Reconciliation Act of 2003 (JGTRRA) was enacted. The JGTRRA
provides an acceleration of various income tax provisions of the 2001 Act. In addition, the JGTRRA provides a
reduction in the maximum long-term capital gains tax rate and preferential tax treatment for dividend income until 2008.
The Tax Increase Prevention and Reconciliation Act of 2005 further extends the provision until the end of 2010, after
which the provisions will revert to prior law. The Act of 2010 defers the sunset rule of JGTRRA for two years and
long-term capital gains will continue to be taxed at the maximum rate of 15%, as well, dividends paid to individuals are
taxed at the same rates as long-term capital gains.
Because of the sunset clause, the provisions in the Act have been extended through 2012; and in 2013, the tax laws
revert to those in place in 2001 except where extended by the Pension Protection Act of 2006. For the purposes of your
plan, we have illustrated the law as legislated, and the tax law reverting back to 2001 law in the year 2013.
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On August 17, 2006, the Pension Protection Act (PPA) of 2006 was signed into law. The PPA permanently extends
certain provisions of the EGTRRA. Specifically, the PPA makes permanent contribution limit increases to IRAs and
certain employer-sponsored plans, permanently extends the availability of Roth 401(k) and Roth 403(b) plans, and
permanently extends the non-taxability of qualified 529 plan distributions.
The Tax Relief, Unemployment Insurance Reauthorization and Job Creation Act of 2010 (2010 Tax Relief Act) was
signed into law on December 17, 2010. This act extends the provisions of EGTRRA and JGTRRA for an additional two
years; through 2012. Provisions of the 2010 Tax Relief Act are scheduled to sunset on December 31, 2012.
Inflation Assumption
3.00%
Surplus and Liquidation Rates of Return
Planning Analysis
Retirement
Survivor Income
Stephen's Death
Michelle's Death
Disability Income
Stephen's Disability
Michelle's Disability
Education
-----Annual Rate of Return----Pre-Retirement

Retirement
6.00%
6.00%
6.00%
6.00%
6.00%
6.00%
6.00%
6.00%
6.00%
6.00%
6.00%
6.00%
6.00%
6.00%
The amounts and dates above are based on information provided by you. Return rates used for the growth of
investments are hypothetical assumptions you believe are reasonable for this plan and are not guarantees or projections.
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Important Disclosures
Page 1 of 5
I mp o r t a n t
Di s c l o s u r e s
Northwestern Mutuals Planning Approach: We follow a disciplined and comprehensive approach to financial
security planning that rests on three core principles: 1) protection against risk; 2) accumulation of wealth; and 3) wealth
preservation and distribution, including leaving a legacy.
Once the financial plan has been created, the next step in the financial security planning process is to select the right
insurance and investment products and services to implement the plan. By designing plans that can achieve your goals
using these core principles, Northwestern Mutual financial advisors distinguish themselves from competitors at other
companies who often offer one-dimensional financial solutions to implement the plan.
We dont believe in taking the kinds of risks necessary to beat the market, risks that inevitably lead to investment
losses in less favorable times. In fact, our approach is to minimize risk without sacrificing the potential for growth. The
results speak for themselves. Northwestern Mutual is among the World's Most Admired life insurance companies
according to executives, directors and analysts in FORTUNE magazine's 2012 annual survey. FORTUNE magazine,
March 2, 2012.
Northwestern Mutuals Planning Process: We establish enduring relationships with our clients, typically meeting
with them at least once a year to see what has changed and to make sure their course continues to be true. Your
Northwestern Mutual financial advisor will help you define your financial needs, assess your current circumstances,
compare them with your goals, and chart a path to a more secure financial future. This is not a one-size-fits-all process.
Depending on your needs and priorities, and what you decide is appropriate in your circumstance, this Personal
Planning Analysis (plan) might be focused on a specific need and may be fairly limited in scope and time.
Alternatively, it might be more comprehensive, encompassing a variety of needs over a longer period of time.
Depending on your circumstances, this plan may recommend you increase the amount you are saving/investing to reach
retirement income, education funding or other wealth accumulation goals. It may include an asset allocation
recommendation to diversify investment holdings to be in alignment with your risk tolerance and time horizon. It may
also recommend that you acquire life, disability, and/or long-term care insurance coverage to protect against risk.
One reason your financial advisor has developed this plan with you is to determine whether, or how, your needs can be
met using any of the products and services your financial advisor can offer you. However, you are under no obligation
to purchase anything. You are free to implement any part of this plan with any product provider, or not at all.
About Our Qualifications and Compensation
Should you decide to implement your plan, your financial advisor is qualified to work with you in a variety of different
ways:
As an agent of The Northwestern Mutual Life Insurance Company (NM), your financial advisor is licensed as an
insurance producer. In this capacity your financial advisor is qualified to sell and service various types of
Northwestern Mutual insurance products, such as life insurance, disability income insurance and annuities that can
help protect you and your family from adverse financial impact if you die prematurely or become disabled and also
may give you financial security during retirement. Your financial advisor is part of Northwestern Mutuals
exclusive distribution system. Exclusivity means that Northwestern Mutual makes its products available for sale
only through Northwestern Mutual agents such as your financial advisor and that your financial advisor will offer
suitable Northwestern Mutual products to you first. If you choose not to purchase a Northwestern Mutual product,
or if Northwestern Mutual does not manufacture a product that meets your needs, your financial advisor may also
be qualified to sell and service insurance products offered by other companies.
As an agent of the Northwestern Long Term Care Insurance Company (NLTC), your financial advisor is qualified
to sell and service long-term care insurance that can help to pay for the cost of nursing home or other professional
care in your later years.
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Page 2 of 5
As a registered representative for Northwestern Mutual Investment Services, LLC (NMIS), a broker-dealer and
registered investment adviser owned by NM, your financial advisor has a securities registration that qualifies
him/her to sell and service mutual funds from hundreds of fund families, as well as 529 and Coverdell college
savings plans, and variable insurance products. Some NMIS registered representatives are qualified to offer their
clients stocks, bonds, ETFs and other securities.
As an investment adviser representative of NMIS, your financial advisor can offer you the Signature Portfolios
program, an investment advisory program offered by NMIS, which gives you access to comprehensive, fully
diversified investment portfolios of select mutual funds and/or exchange traded funds. For more details about this
program, see the Northwestern Mutual Signature Portfolios Disclosure Brochure.
Titles for professionals in the financial world can be confusing, so let us clarify a few things for you.
Your financial advisor can work with you with respect to Signature Portfolios advisory accounts. However, your
financial advisor does not provide financial planning for a fee and does not receive any compensation for helping clients
analyze where they stand compared to their financial goals.
Compensation: Although the financial planning process is important, by itself, it will not meet your needs for
financial security. In order to become more financially secure, you have to act. Your financial advisor is
compensated only when you take action, by purchasing insurance, investments or advisory services. As an
insurance agent and registered representative, your financial advisor receives transaction-based compensation
in the form of commissions which vary from product to product and are typically expressed as a percentage of
the insurance premium paid or the amount paid for an investment or annuity or the accumulated value of
investments. Typically, the amount of commission your financial advisor receives is tied to the amount of
premium you pay, or the amount that you invest or accumulate in an investment or annuity.
As an investment adviser representative of NMIS, your financial advisor receives as compensation a percentage of the
advisory fees you pay if you are a client of the Signature Portfolios Program for servicing your Signature Portfolios
account.
Your financial advisor may also receive additional compensation in the form of cash bonuses, non-cash compensation
(e.g., achievement recognition, conferences, prizes, awards, preferential servicing) and retirement benefits based on
commissions received. Your financial advisors total compensation for insurance products is designed to encourage
long-term relationships and a quality business.
Northwestern Mutual financial advisors know that in the long run they will benefit most by serving you well. Your
interests and theirs align because they rely heavily on the referrals they receive from satisfied clients. Nevertheless, the
fact that your financial advisor receives transaction-based compensation when recommending investment and insurance
products can present a conflict of interest. Northwestern Mutual addresses this potential conflict of interest by educating
its financial advisors to act in your interests and by having a supervisory system that helps to ensure that insurance and
investment products are appropriately sold.
Perhaps the best evidence that any company is meeting the needs of its clients is the loyalty of those clients. For
insurance companies, the measure of client loyalty is persistency (i.e., payment of renewal premiums). Northwestern
Mutual experienced over 96% persistency on its life insurance products in 2011. Prepared and calculated by The
Northwestern Mutual Insurance Company, Milwaukee, Wisconsin.
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Page 3 of 5
On the investment side, the rate of compensation paid to NMIS registered representatives and NMIS financial advisors
increases if the revenue generated from the sales and servicing of investment products and advisory services reaches
certain thresholds. This is typical in the industry. Your financial advisor is eligible for a bonus, depending upon whether
they meet specified levels of investment (including advisory services) and insurance production. If they qualify, the
bonus rate ranges from 2-5% of their annual investment production. However, it is important to note that because the
compensation or bonuses paid to representatives for selling investments and advisory services are not product specific,
there is no incentive for them to sell you any particular investment. For information about how NMIS and its registered
representatives are compensated for the sale of mutual funds, please refer to the brochure: What Every Investor Should
Know About Mutual Funds, available at:
http://www.northwesternmutual.com/legal-information/Documents/920345.pdf?win_type=pdfform
Northwestern Mutual refers to The Northwestern Mutual Life Insurance Company (NM) and its subsidiaries. Life
insurance, disability insurance and annuities are issued by The Northwestern Mutual Life Insurance Company,
Milwaukee, WI. Long-term care insurance is issued by Northwestern Long Term Care Insurance Company, Milwaukee,
WI, a subsidiary of NM. Investment products are offered through Northwestern Mutual Investment Services, LLC
(NMIS), 1-866-664-7737, a dually registered broker-dealer and investment adviser and a wholly-owned company of
NM member FINRA and SIPC. Variable annuities and variable insurance are underwritten by NMIS. All investments
are subject to risk including the possible loss of principal invested.
If you see the names of more than one Northwestern Mutual financial representative on the cover page of this plan, the
above disclosures about your financial advisor apply only to the financial representative whose name appears first, at the
top of the list, who is assumed to have prepared this plan for you. Other representatives listed on the cover page of this
plan may have different affiliations or capabilities. Please see those representatives for more information.
The Certified Financial Planner Board of Standards, Inc. owns the certification marks CFP, Certified Financial
Planner and CFP (with flame logo), which it awards to individuals who successfully complete initial and ongoing
certification requirements.
Assumptions In Your Plan: Planning is useful for a variety of obvious reasons, but under no circumstances should you
believe that this plan is a prediction or projection about the future. In some parts of this plan, you estimate what you
think your income and expenses will be in the future. You may also estimate inflation, taxes, and how your investments
will perform. Think of this plan as one large what if scenario. You may instruct your financial advisor to use any
assumptions that you believe are appropriate for your plan. Your financial advisor, NM, and its subsidiaries are not
projecting or forecasting that the rates that you see in your plan will occur in the future. Charts or illustrations used in
this plan are for illustrative purposes and are not intended to represent the performance of any insurance product or
investment.
This publication was compiled by NM and does not contain legal or tax advice. It is intended solely for the
information and education of NM customers and their legal or tax advisors. It is not intended to be used and
cannot be used to avoid any federal tax penalties that may be imposed on a taxpayer. Taxpayers should seek
advice regarding their particular circumstances from an independent legal, accounting, or tax advisor. Tax and
other planning developments after the original date of publication may affect these discussions.
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The Information In Your Plan: The information contained in this plan is for informational purposes only and may not
reflect all policies, holdings or transactions, their values, costs, charges, or proceeds in your portfolio. This plan was
prepared based on information provided by you and by various other sources. This plan is not an official document or
account statement, and has not been audited or verified. You provided the information upon which this plan was
prepared however, for some assets that are held with NM or its subsidiaries, your financial advisor may have chosen to
gather some of the information in this plan from sources including The Northwestern Mutual Life Insurance Company
and Northwestern Long Term Care Company, NMIS, Pershing LLC, member FINRA, NYSE and SIPC (the carrying
broker-dealer for NMIS accounts), and Albridge Solutions (data consolidation). Some investment assets included in this
report may be Direct to Fund accounts, which mean those assets are maintained and controlled by a mutual fund
family or its transfer agent, not NMIS or its clearing broker Pershing. NMIS is a member of SIPC (Securities Investor
Protection Corporation), which protects the value of securities in customers' NMIS accounts up to $500,000 (including
up to $250,000 for claims for cash). Assets in Direct to Fund accounts held by outside mutual fund families are not
covered by NMIS SIPC coverage. An explanatory brochure concerning SIPC is available upon request or at
www.sipc.org. For additional information regarding excess SIPC protection that NMIS clearing firm, Pershing, carries
through a private insurer, Lloyds of London, please see www.Pershing.com. For answers to any questions regarding an
outside mutual fund familys SIPC coverage, you may either contact your financial advisor or the appropriate mutual
fund family, or refer to the mutual fund familys statement regarding SIPC membership. SIPC coverage does not protect
against potential losses due to market fluctuation.
You should not rely on this plan to determine the value of your assets. Any decisions made by you, based on such
information, are made at your risk. The information in this plan does not in any way alter or supersede the terms of any
policy, contract, confirmation or statement received from NM, NMIS, their subsidiaries and affiliates, or other
organizations. NM, NMIS, and their affiliates do not make any representations or guarantees as to the accuracy of such
information. We encourage you to review and maintain the original, official reporting documents relating to the assets in
this plan (contracts, policy statements, account statements, confirmations, etc.). You should refer to the official
documents when determining the value of your assets. If you elect to purchase any product or service to implement any
portion of your plan, please refer to your policy, contract, or most recent confirmation and account statements for
detailed information relating to that product or service.
Any valuation of employee stock options or restricted stock (collectively referred to as ESOs) that is contained in this
plan is solely an estimate for analysis purposes only, and is not intended to constitute advice on whether or how to
exercise any ESOs or whether to buy or sell the stock underlying any ESOs. Your financial advisor should be relying
upon information you have provided from your employer about the details of the terms regarding any ESOs. ESOs are
by their nature more volatile than the underlying shares of stock. Please consult your tax professional or tax advisor
regarding the possible tax consequences of exercising or selling ESOs.
GLOSSARY
Asset: Items or property of value owned by an individual or entity.
Effective income tax rate: The combined state and federal tax rate actually paid on all of your total income. The annual
effective rate can be determined by dividing the tax you paid in the year by your total income for the year. The effective
rate will always be lower than the marginal income tax rate.
Inflation: General rise in the price of goods and services, which reduces the purchasing power of the dollar.
Marginal income tax rate: The combined federal and state tax rate at which your next dollar of income will be taxed.
Typically associated with the tax-bracket that someone's income level falls into, the marginal income tax rate does not
consider the effect of exemptions and deductions. The marginal income tax rate is especially useful in evaluating the tax
benefit derived from additional income or deductions.
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Non-qualified assets: These types of assets generally do not meet federal tax requirements for deferred tax treatment
with respect to interest, dividends and realized capital appreciation. Contributions made to these assets are not
tax-deductible. Examples of non-qualified accounts/arrangements include personal checking and saving accounts, as
well as personal investments such as mutual funds, individual stocks and bonds. Certain non-qualified accounts,
particularly personal annuities, qualify for deferred tax treatment on income and gains.
Qualified assets: These types of assets generally meet federal tax requirements for deferred tax treatment with respect
to interest, dividends and realized capital appreciation. Contributions made into these accounts by the employer or the
employee are generally tax deductible (except for Roth IRAs, Coverdell ESAs and 529 plans). Examples of qualified
accounts/arrangements include IRAs, 403(b) plans, 529 plans, 457 plans, pension/profit sharing plans, Simplified
Employee Pension (SEP) plans, and 401(k) plans.
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Model Personalized Plan

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Model Personalized Plan

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Prepared for

Stephen and Michelle Douglas

PERSONAL PLANNING ANALYSIS

Current Financial Position.................................................................................................................................. 4

June 15, 2013

Your Planning Objectives

Develop a plan to accumulate sufficient resources to retire comfortably.

Develop a plan to fund your children's educations.

June 15, 2013

As of June 15, 2013

Qualified Retirement Assets

TOTAL NET WORTH

June 15, 2013

Financial Goals Report Card

June 15, 2013

What Steps Can You Take For A Lifetime Of Financial Security?

June 15, 2013

Human Life Value

June 15, 2013

Survivor Income Objectives at Stephen's Death on December 31,

Age at End of Year

Immediate Cash Needs at Death

Income Needs after Death

Jan 1 2014 to Dec 31 2041

Jan 1 2027 to Dec 31 2030

Jan 1 2030 to Dec 31 2033

Annual Income Needed

June 15, 2013

Resources Available at Stephen's Death

Jan 1 2014 to Dec 31 2041

Jan 1 2014 to Dec 31 2026

Annual Before-Tax Income Available

Assets Available for Education

Assets Available for Survivors Retirement

June 15, 2013

Annual Contributions to Assets

June 15, 2013

Cash Flow at Stephen's Death

Before-Tax Income Need

After-Tax Income Need

June 15, 2013

Goal Coverage at Stephen's Death

Values are reflected in todays dollars by discounting at a 3.00% inflation rate.

Minimum Life Insurance to Fund Needs*

June 15, 2013

Cash Flow at Stephen's Death with Addition of Life Insurance

Before-Tax Income Need

After-Tax Income Need

With $1,006,282 of Additional Life Insurance

Before-Tax Income Need

After-Tax Income Need

June 15, 2013

Survivor Income Objectives at Michelle's Death on December 31,

Age at End of Year

Immediate Cash Needs at Death

Income Needs after Death

Jan 1 2014 to Dec 31 2041

Jan 1 2027 to Dec 31 2030

Jan 1 2030 to Dec 31 2033

Annual Income Needed

June 15, 2013

Resources Available at Michelle's Death

Jan 1 2014 to Dec 31 2041

Jan 1 2014 to Dec 31 2026