Advisor/Client Solution
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Advisor/Client Solution
For Preview Use Only
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Advisor/Client Solution
Strategy Brief:
Host a Retirement Income Workshop Opportunity
Audience Objectives
Resources
Retirement income is a top concern of pre-retirees (high earners aged 50-65+). Fears about the economy in general and their portfolios specifically have caused pre-retirees to rethink their retirement date and pay closer attention to revenue streams and costs in retirement. This pain point offers advisors an opportunity to showcase their expertise in retirement planning, and to offer new and expanded services to current clients and prospects in the pre-retiree niche. 20-25 clients & guests, prospects, referral targets, COIs To expand retirement planning business by hosting one or more workshops for small groups of affluent pre-retirees • Showcase expertise in retirement income planning • Get in front of groups of pre-retirees • Make it easy for clients to bring in referrals • Educate clients, prospects, and COIs • Promote retirement planning services • Set appointments Client materials: • Workshop Sign-In Sheet • Workshop Handouts o Agenda (Finra reviewed) o "Paycheck" Worksheets (Finra reviewed) o Evaluation & Request for Information Form (Finra reviewed) • Presentation o "Life After Work" Power Point presentation (Finra reviewed) • Client reprints (Finra reviewed): o 5 Questions to Ask Yourself 5 Years Before You Retire o Get Ready for 7 Serious Life Transitions Ahead o Planning for a 30-Year Retirement o The Art of Managing Retirement Assumptions o The Importance of Asset Location in Retirement Income Planning o Cracking the Nest Egg o Retirement Income: Which Accounts to Tap First • Client Meeting Confirmation • Client Meeting Document Checklist Advisor marketing materials: • Retirement Income Strategy Brief • Retirement Income Workshop Checklist & Schedule • Email Invitations & Reminders (Finra reviewed) • Post Card (Finra reviewed) • Retirement Income Invitation List Worksheet • "Life After Work" Script (Finra reviewed) • Phone scripts o Invitation call for client, prospect, COI o Reminder call (assistant)
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Advisor/Client Solution
Time Frame Compliance Action Plan
o Follow-up call • Thank You Note & Follow-Up Emails • Advisor Meeting Checklist Anytime 8 weeks prior Phase 1: Promote 1. Prepare invitation list 2. Mail postcards 3. Email invitations 4. Phone invitations Phase 2: Host 1. Make event arrangements 2. Prepare workshop materials 3. Host workshop Phase 3: Follow-Up 1. Thank you notes 2. Phone calls 3. Email drip series Phase 4: Meeting 1. Appointment confirmation 2. Client Document Checklist 3. Advisor Checklist & Resources
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Advisor/Client Solution
Retirement Income Workshop
Schedule & Checklist EIGHT WEEKS PRIOR Pick date and time Choose an assistant to help Submit materials to compliance SIX WEEKS PRIOR Create a list of clients and prospects to invite Book location and arrange for any equipment needed FIVE WEEKS PRIOR Review presentation Assemble handout materials (Assistant) Workshop Sign-In Sheet Workshop Agenda Workshop "Paycheck" Worksheets Evaluation Form & Request for Information Advisor Marketing kit Other __________________ Prepare follow-up material (Assistant) Client Reprints Client Meeting Confirmation Client Meeting Document Checklist Advisor Meeting Checklist FOUR WEEKS PRIOR
Mail postcards Update web site, LinkedIn & other social media Make food/beverage arrangements (Assistant) Send out confirmations
THREE WEEKS PRIOR Send email invitations Send out confirmations Other ___________ TWO WEEKS PRIOR
Make phone calls Send out confirmations Practice presentation Email first reminder with directions 7-10 days prior (Assistant) Confirm space (Assistant) Pick up any supplies (Assistant) Other _____________________
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Advisor/Client Solution
ONE WEEK PRIOR
Phone call reminder 2-3 days before event (Assistant) Send out email reminders with directions as needed (Assistant) Practice presentation Check food and beverage order (Assistant) Pre-address thank-you notes (Assistant)
DAY BEFORE
Final call reminders (Assistant) Final email reminder (Assistant) Practice presentation Finalize food and beverage (Assistant)
DAY OF EVENT
Event setup Take notes (Assistant) Ready handouts Give presentation
DAY AFTER Review evaluation forms Mail thank-you notes ONE WEEK AFTER Call attendees 1-3 days after event to set appointments Email "The Art of Managing Retirement Assumptions" TWO WEEKS AFTER Email "The Importance of Asset Location in Retirement Income Planning" Call attendees to set appointment THREE WEEKS AFTER Email "Planning for a 30-Year Retirement" Call attendees to set appointment
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Advisor/Client Solution
Postcard
Front
Back
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Advisor/Client Solution
Postcard Finra Review Letter
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Advisor/Client Solution
Email Invitation & Reminders Email: Invitation To: Pre-retiree clients & prospects From: You Date: 3 weeks from workshop Subject: How to design your retirement paycheck Dear [Name]: You are cordially invited to attend a very special workshop: "Life After Work: How to Create a Sustainable Income Stream in Retirement." At this one-hour seminar you will learn
Why you need a retirement income plan 4 questions to ask before you retire How to determine how much income you will need in retirement The 4 primary sources of retirement income 4 popular withdrawal strategies and the pros and cons of each The 12 things a “best-case strategist” does to ensure a sustainable stream of income in retirement
Whether you plan to stop work all at once, or ease into retirement by working part time, at some point you will need to arrange for multiple sources of income to replace your paycheck. What do you need to think about as you transition from work life to retired life? Where will your income come from? How can you make it last? Join us for an enlightening seminar that will get you thinking about your next phase of life and what you need to do to prepare for it. Presented by [Name], [Firm name and address] [Date], [Time], [Location] Please RSVP: [phone, email] Best, [Advisor Name] [Advisor Contact Information] [Disclosures] Copyright © 2011 Horsesmouth, LLC. All rights reserved. It is forbidden to copy or transmit this report in any manner. Unauthorized use, reproduction or distribution of the material contained in this report is a violation of federal law and punishable by civil and criminal penalty. For permission and more information, contact reports@horsesmouth.com.
Advisor/Client Solution
Email: Workshop Confirmation To: Workshop Participants From: You Date: Immediately after acceptance Subject: Life After Work confirmation
Dear [Name], I'm so happy you can join us for our "Life After Work" workshop. For your calendar, our one-hour discussion will take place on [Date and Time] at [Location]. My assistant, [name], or I will be in touch in about two weeks to remind you of the workshop and give you directions if you need them. If you have any questions, please don't hesitate to call either one of us. Again, I'm glad you could join us. I look forward to talking with you. Sincerely, [Advisor Name] [Advisor Contact Information] [Disclosures]
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Advisor/Client Solution
Email: Reminder with Driving Directions To: Workshop Participants From: You or your assistant Date: One Week Out Subject: Reminder: "Life After Work" Retirement workshop Attachment: Driving Directions Dear [Name], Hello, this is just a reminder of our "Life After Work" workshop coming up on [Date and Time] at [Location]. For your convenience, I will be sending you one final reminder on the day before the event. I’ve also attached driving directions here, but feel free to call if you have any questions about the location. We look forward to seeing you there! Sincerely, [Advisor Name] [Advisor Contact Information] [Disclosures]
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Advisor/Client Solution
Email: Day Before Reminder To: Workshop Participants From: You or your assistant Date: Day before Subject: Reminder: Tomorrow is our Life After Work workshop! Dear [Name], Don’t forget to join us tomorrow for our "Life After Work" discussion. Once again, the session is scheduled for: [Date and Time] [Location] I look forward to seeing you there! Sincerely, [Advisor Name] [Advisor Contact Information] [Disclosures]
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Advisor/Client Solution
Email Invitation & Reminders Finra Review Letter
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Advisor/Client Solution
Thank You Note & Follow-Up Emails Thank You Note: Email or Handwritten Mail Dear [Name], Thank you for participating in our “Life After Work” workshop. Your [insert personal comment on the attendee, a question he might have asked, a conversation you had, etc.] was [insightful…greatly appreciated… greatly contributed] to the discussion and is probably something we should explore in-depth. Based on the conversation we had in the workshop, I will be sending you a few articles on building a retirement income plan that I think you will find helpful. And I will be in touch to see if I can answer any further questions. Again, thank you for coming to the workshop, and if I can be of any service, please don't hesitate to give me a call.
Sincerely, [Advisor Name]
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Advisor/Client Solution
Email: Follow-Up with Reprint #1 To: Workshop Participants From: You Date: One week after Subject: The Art of Managing Retirement Assumptions Attachment: "The Art of Managing Retirement Assumptions" Dear [Name], I really enjoyed meeting with you at our workshop last week. I hope you found it helpful in making decisions about your retirement. As I mentioned in the workshop, I have a couple of articles that could help you manage the different aspects of planning your retirement income. Today's article deals with setting and managing retirement assumptions. There are seven very common mistakes people make in preparing for retirement. Fortunately, you can easily sidestep these mistakes with a little advance planning. If you have any questions about any aspect of retirement planning, please feel free to give me a call. And if you would like a second opinion on your current retirement plan, I'd be happy to take a look at no obligation to you. Sincerely, [Advisor Name] [Advisor Contact Information] [Disclosures]
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Advisor/Client Solution
Email: Follow-Up with Reprint #2 To: Workshop Participants From: You Date: Two weeks after Subject: Managing your future tax bills Attachment: "The Importance of Asset Location in Retirement Income Planning" Dear [Name], I hope you enjoyed last week’s article on "The Art of Managing Retirement Assumptions." The interplay of assumptions can have a long-lived affect on creating a comfortable retirement. Another aspect to retirement planning is managing your future tax bills. Certain types of income are taxed differently depending if they are in an IRA or a taxable account. As you move into retirement, you may want to reposition certain assets to take advantage of current tax rules. If this article raises any questions about your investments and where they are located, please feel free to give me a call. And if you would like a second opinion on your portfolio, I'd be happy to take a look at no obligation to you. Wishing you the best, [Advisor Name] [Advisor Contact Information] [Disclosures]
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Advisor/Client Solution
Email: Follow-Up with Reprint #3 To: Workshop Participants From: You Date: Three weeks after Subject: A strategy for improving your retirement benefits Attachment: "Planning for a 30-Year Retirement" Dear [Name], I hope you enjoyed last week’s article on "The Importance of Asset Location in Retirement Income Planning." It can be a confusing subject, but one that should be reviewed as think about your retirement. The last article in this series on retirement income planning discusses the challenges of planning for a 30-year retirement, and the need for a comprehensive retirement income plan. I hope these articles have been helpful in clarifying some of the issues in creating retirement income. As always, if you would like a second opinion on your retirement plan or current investment portfolio, please feel free to contact me. There is absolutely no obligation to you. Sincerely, [Advisor Name] [Advisor Contact Information] [Disclosures]
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Advisor/Client Solution
Phone Script Invitations & Reminders Phone Script: Client Invitation Hello [Name], This is [your name]. I’d like to invite you to a workshop I’m holding. Can I tell you about it? [If yes] The topic is creating income streams in retirement. I’ll cover how to tap into the various retirement accounts. Strategies for creating income. Taxes. And how to maintain your lifestyle in retirement. The workshop is on [date and time] at [location). It's not a big workshop. I like to keep these things small so we can really talk about the issues. I know your retirement is not too far off, at least in terms of planning. And I thought you might like to attend. Would you like to come? [If yes] Terrific. I’ll send you an email with the date, time, and location for your calendar. Will you be bringing (spouse or partner)? I have room for a guest or two if you'd like to invite someone who is nearing retirement. Would you? Great. May I have their names? See you on the (date). I’m so glad you can come! And if something comes up and you won’t be able to attend, just let me know. Space is limited and I sometimes have a waiting list. [If no] I’m sorry to hear that you won’t be able to attend. However, this is a workshop I will be holding several times over the next few months. What would be a better date for you? Perhaps I can arrange that. [If maybe] May I call you back next week? Courtesy of Shawn Greene, Savage & Greene Copyright © 2011 Horsesmouth, LLC. All rights reserved. It is forbidden to copy or transmit this report in any manner. Unauthorized use, reproduction or distribution of the material contained in this report is a violation of federal law and punishable by civil and criminal penalty. For permission and more information, contact reports@horsesmouth.com.
Advisor/Client Solution
Phone Script: Prospect Invitation Hello [Name], This is [your name]. I’d like to invite you to a workshop I’m holding. Can I tell you about it? I'm hosting a small workshop on creating income streams in retirement. We will be discussing how to tap into the different kinds of retirement accounts… strategies for creating income… taxes… how to maintain a comfortable lifestyle in retirement… It's not a big workshop–I like to keep these things small so we can really talk about the issues. I'm restricting it to about 20-25 clients. If you would like to attend, I would be happy to have you as my guest. The workshop is on [date and time] at [location). Can I reserve a seat or two for you? [If yes] Terrific, I’ll send you an email with the date, time, and location for your calendar. Will you be bringing a spouse or a partner? [If no] I’m sorry to hear that you won’t be able to attend. However, this is a workshop I will be holding several times over the next few months. What would be a better date for you? Perhaps I can arrange that. [If maybe] May I call you back next week?
Courtesy of Shawn Greene, Savage & Greene
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Advisor/Client Solution
Phone Script: COI Invitation Hello [Name], This is [your name]. I’d like to invite you to a workshop I’m holding. Can I tell you about it? I'm hosting a small workshop for clients on income planning in retirement. We will be discussing how to tap into retirement accounts… withdrawal strategies… tax considerations… income needs. It's not a big workshop–I like to keep these things small to facilitate conversation among the attendees, so I'm limiting it to only about 20-25 clients, but you are very welcome to join us. We will be covering a number of retirement issues that are particularly relevant to pre-retirees right now. The workshop is on [date and time] at [location). Can I reserve a seat for you? Would you like to bring a guest? [If yes] Terrific, I’ll send you an email with the date, time, and location for your calendar. [If no] I’m sorry to hear that you won’t be able to attend. However, this is a workshop I will be holding several times over the next few months. What would be a better date for you? Perhaps I can arrange that. [If maybe] May I call you back next week?
Courtesy of Shawn Greene, Savage & Greene
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Advisor/Client Solution
Phone Script: Alternative Invitations (Prospects) Hello [Name], This is [your name]. I'm calling because 2 weeks from (day), I'm hosting a small workshop for some of my clients on how to create income streams in retirement. We will be reviewing how to tap into the different kinds of retirement accounts… strategies for creating income … how to maintain a comfortable lifestyle in retirement… While this is intended for clients, there is a spot that has become available. If you'd like to sit in, I'd be pleased to have you along as my guest.
Phone Script: Referral Invitation for Clients Who are Attending Hello [Name], This is [your name]. I'm so glad you can make it next (day). As you know this workshop has a limited number of seats, but I have had a last minute cancellation. I have one extra spot and was wondering whether one of your friends or business colleagues might be interested in coming along with you?
Courtesy of Dan Richards, Strategic Imperatives
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Advisor/Client Solution
Phone Script: Reminder #1
Hello [name], Hi, I wanted to remind you that your Retirement Income workshop is coming up in 2 days. Do you have the directions and the time? How about your guests? Can you tell me a little bit about them so I make a good first impression? Terrific. And if you have any questions that you would like me to cover during the workshop, feel free to send them to me by email or, of course, ask during the workshop. But if I know you have a particular question, I can make sure we cover it during the discussion.
Phone Script: Reminder #2
Hello [name], Hi, we are checking in with you one last time to remind you of tomorrow's workshop at (time) and (location). Do you know how to get there? I can you send directions if you need them. OK. Great. We are looking forward to seeing you (and guest) there.
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Advisor/Client Solution
Follow-Up Phone Scripts Phone Script: Client/Prospect Call After Event Hello [Name], This is [your name]. I enjoyed seeing you at the workshop the other day. What did you think? (Listen & comment.) Of all the different issues discussed, what would you say is the more critical one for you? (Listen & comment.) That's an excellent observation. You know there are some options we could explore that could help you with that. Why don't we get together in my office and talk about what's available to you? When would be a good time to meet?
Phone Script: COI Call After Event Hello [Name], This is [your name]. I enjoyed seeing you at the workshop the other day. What did you think? (Listen & comment.) Of all the different issues discussed, what would you say is the more critical one for you and your clients? (Listen & comment.) That's an excellent observation. You know I have some material on that particular issue that I would be happy to send to you. Or even better, would you like to get together for lunch and discuss some of the finer points of (that particular issue)? There are some nuances involved that we couldn't get to in the workshop. Great! What would be a good time for you?
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Advisor/Client Solution
Retirement Income List Worksheet To retrieve: 1. Go to AC page 2. Download RetirementIncomeInvitationList.xls
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Advisor/Client Solution
Workshop Sign-In Sheet [Advisor Name] "Life After Work" Retirement Income Workshop [Date of Presentation]
Welcome and Thank You for Joining Us! Please print your name, email, and phone number. Please sign in all guests. Name
Email Address
Phone Number
[Advisor Name], [Advisor Contact Information], [Advisor Disclosures]
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Advisor/Client Solution
Workshop Agenda
Life After Work: How to Create a Sustainable Income Stream in Retirement Workshop Agenda A. Pre-Workshop • Meet [Insert Advisor's first name] • Sign-in you your guests
B. Opening Remarks C. Workshop Presentation • • • • • • • •
4 Questions for Determining Lifestyle in Retirement Income Needs in Retirement Retirement Income Sources 4 Approaches to Structuring Income Income Tax Considerations Best Case Strategies How We Can Help Action Plan
D. Open Discussion/Q&A E. Closing Remarks • Complete Evaluation Form (yellow) • Request additional information
[Advisor Name] [Advisor Contact Information] [Advisor Disclosures] Copyright © 2011 Horsesmouth, LLC. All rights reserved. It is forbidden to copy or transmit this report in any manner. Unauthorized use, reproduction or distribution of the material contained in this report is a violation of federal law and punishable by civil and criminal penalty. For permission and more information, contact reports@horsesmouth.com.
Advisor/Client Solution
Workshop Agenda Finra Review Letter
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Advisor/Client Solution
Workshop "Paycheck" Worksheets
Life After Work How to Create a Sustainable Income Stream in Retirement
Presented by [Name] [Firm name] [Disclosures]
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Advisor/Client Solution
1. A retirement income plan helps you determine: o How much __________________ you will need o __________________ that income will come from o When you will start __________________ o Whether or not you should __________________ o How to manage __________________ for a sustainable lifestyle 2. What are some reasons for retirement confidence? o __________________ stream of income o Sufficient __________________ o Can liquidate __________________ o Can __________________ if need to 3. Imagining your life o __________________ will you live? o What will you __________________? o __________________ will you live? o What __________________ does life hold? 4. Where will you live? Considerations: o Proximity to __________________ and __________________ o __________________ or __________________ opportunities o __________________ plans o General preferences such as __________________, __________________, and __________________.
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Advisor/Client Solution
5. What will you do? o Income-generating activities: _______________________________________ o Expense-generating activities: _______________________________________ 6. How long will you live? o Refer to table o Go to www.livingto100.com o Life expectancy to ensure your money lasts: ______ or ______ 7. What surprises does life hold? o ___________________________________________ o ___________________________________________ o ___________________________________________ o ___________________________________________ 8. How much income will you need? o Housing
$ __________________
o Food
$ __________________
o Transportation
$ __________________
o Clothing and personal items
$ __________________
o Discretionary
$ __________________
o Insurance
$ __________________
o Taxes
$ __________________
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Advisor/Client Solution
9. Retirement income sources Social Security
Inflation-adjusted __________________ Guaranteed for ____________________ __________________income
Pensions
Guaranteed for __________________ Earnings from work
Fixed or __________________income Not __________________; will cease with ill health or old age
Asset income
Fixed or variable __________________ Must __________________for sustainability
10. Retirement income sources – average o Social Security
_____%
o Earnings
_____%
o Pensions
_____%
o Asset income
_____%
11. Social Security o How much? Go to SSA Retirement __________________ at www.ssa.gov/estimator o When should you start? The longer you __________________, the __________________ your benefit will be. o Two ways to analyze: o __________ age: Start later if expect to live longer than age _____. o __________ protection: Start later to ensure __________________ income in old age.
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Advisor/Client Solution
11. Pension o Will you __________________ one? o __________________ do you become eligible for it? o __________________ will it be? o What are your options? a) Annuity: __________________ life; joint and _________________ b) __________________ sum 12. Work o Will you __________________ during retirement? o What will you __________________? o __________________/time; __________________/ o How much __________________ can you expect? o How __________________ can you expect to work? 13. Asset income from personal savings o Create an income stream from: a) __________________ accounts b) __________________ accounts c) __________________ equity o Integrate with other sources of income a) Social __________________ b) Pension c) Income from __________________ 14. Asset income: possible approaches o “Live off the __________________“ o “Mandatory vs. __________________” o “__________________ rule” o “__________________ strategy” Copyright © 2011 Horsesmouth, LLC. All rights reserved. It is forbidden to copy or transmit this report in any manner. Unauthorized use, reproduction or distribution of the material contained in this report is a violation of federal law and punishable by civil and criminal penalty. For permission and more information, contact reports@horsesmouth.com.
Advisor/Client Solution
15. “Live off the interest” o Assets are invested in __________________-oriented securities and investment products a) Bonds b) Dividend-paying __________________ c) Master limited
__________________
o Income is spent as it is __________________ o Principal remains __________________ 16. “Mandatory vs. discretionary” o Mandatory expenses are funded by __________________ income such as Social Security o Discretionary expenses are funded by investments offering __________________ potential and __________________ protection. 17. “4% rule” o Assets are invested for __________________ return. o Withdrawals may come from interest, __________________, capital gains, or __________________. o Withdrawal amount not dependent on __________________ earnings. o First-year withdrawal = ___% of account value o Subsequent withdrawals increase each year by __________________ rate. 18. “Bucket strategy” o Assets are placed in buckets corresponding to: a) __________________ horizon: 0-5 years, 5-10 years, >10 years b) Expenses: __________________fund, rainy-day fund, __________________ care, long-term care Copyright © 2011 Horsesmouth, LLC. All rights reserved. It is forbidden to copy or transmit this report in any manner. Unauthorized use, reproduction or distribution of the material contained in this report is a violation of federal law and punishable by civil and criminal penalty. For permission and more information, contact reports@horsesmouth.com.
Advisor/Client Solution 19. Pros and cons Pros
Cons
“Live off the interest”
Simplicity
__________________ income No __________________ protection
“Mandatory vs. discretionary”
Peace of mind that basic expenses will be met
Complexity of vehicles offering __________________, inflationadjusted income Discretionary fund subject to __________________
“4% rule”
Predictable Inflation protection
Success depends on investment __________________-Could either run out of money or die with too much (i.e., deprive yourself of more comfortable lifestyle)
“Bucket strategy”
Flexibility Inflation protection Potentially more income
Complexity Harder to set up Requires close __________________ Success depends on investment __________________
20. Best-case strategist o Has a sense of __________________-reliance o Thinks about the future — all the way to the __________________ o Anticipates or expects the __________________ o Designates a budget column, today, for a __________________self o Sets and lives by __________________financial rules o Stops, sits down, and focuses on the __________________...and talks about it o Engages in the “__________________?” o Puts pencil to paper (or cursor to screen); does the ________________— all of it o Gathers __________________ o Seeks __________________ Copyright © 2011 Horsesmouth, LLC. All rights reserved. It is forbidden to copy or transmit this report in any manner. Unauthorized use, reproduction or distribution of the material contained in this report is a violation of federal law and punishable by civil and criminal penalty. For permission and more information, contact reports@horsesmouth.com.
Advisor/Client Solution o Gets the __________________in order — literally o Starts as __________________as possible 21. How we can help o Life planning: Questions to help you _________________ your life in retirement o Budgeting − Determining your __________________ needs − Identifying __________________ of retirement income o Account management − __________________ rollovers − __________________ conversions − Establishing suitable __________________ plan − Help with __________________ minimum distributions o Portfolio management − Investments − Financial products
Copyright © 2011 Horsesmouth, LLC. All rights reserved. It is forbidden to copy or transmit this report in any manner. Unauthorized use, reproduction or distribution of the material contained in this report is a violation of federal law and punishable by civil and criminal penalty. For permission and more information, contact reports@horsesmouth.com.
Advisor/Client Solution
Workshop "Paycheck" Worksheets Finra Review Letter
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Advisor/Client Solution
Life After Work PowerPoint & Script To Retrieve: 1. Go to AC page 2. Download PowerPoint Slides 3. Download Word Script
Copyright Š 2011 Horsesmouth, LLC. All rights reserved. It is forbidden to copy or transmit this report in any manner. Unauthorized use, reproduction or distribution of the material contained in this report is a violation of federal law and punishable by civil and criminal penalty. For permission and more information, contact reports@horsesmouth.com.
Advisor/Client Solution
Life After Work PowerPoint & Script Finra Review Letter
Copyright Š 2011 Horsesmouth, LLC. All rights reserved. It is forbidden to copy or transmit this report in any manner. Unauthorized use, reproduction or distribution of the material contained in this report is a violation of federal law and punishable by civil and criminal penalty. For permission and more information, contact reports@horsesmouth.com.
Advisor/Client Solution
Workshop Evaluation & Request for Information Evaluation & Request for Information Contact information Name __________________________________________________________ Address ________________________________________________________ _______________________________________________________________ Telephone ______________________________________________________ Email __________________________________________________________ Seminar evaluation How would you rate the seminar (1 = low; 5 = high)?
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Comments _____________________________________________________________________________ ___________________________________________________ Next steps 1. I would like to schedule an appointment to discuss retirement income planning: Within the next 6 months 6-12 months from now More than 12 months from now I plan to retire in ________________________________. I am already retired. 2. I would like more information on: Life planning Budgeting Account management IRA rollovers Roth conversions Withdrawal plans Assistance with required minimum distributions Portfolio management 3. I have a question about: _____________________________________________________________________________ ___________________________________________________
[Advisor Name], [Advisor Contact Information], [Advisor Disclosures]
Copyright Š 2011 Horsesmouth, LLC. All rights reserved. It is forbidden to copy or transmit this report in any manner. Unauthorized use, reproduction or distribution of the material contained in this report is a violation of federal law and punishable by civil and criminal penalty. For permission and more information, contact reports@horsesmouth.com.
Advisor/Client Solution
Workshop Evaluation & Request for Information Finra Review Letter
Copyright Š 2011 Horsesmouth, LLC. All rights reserved. It is forbidden to copy or transmit this report in any manner. Unauthorized use, reproduction or distribution of the material contained in this report is a violation of federal law and punishable by civil and criminal penalty. For permission and more information, contact reports@horsesmouth.com.
Advisor/Client Solution
Client Reprints Finra Review Letters Go to the Advisor/Client Client Reprint section to personalize and download the complete article and Finra review letter.
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5 Questions to Ask 5 Year Before You Retire Get Ready for 7 Serious Life Transitions Planning for 30-Year Retirement Art of Managing Retirement Assumptions Importance of Asset Location Retirement Income: Which Accounts to Tap First (client version) Cracking the Nest Egg (client version)
Copyright © 2011 Horsesmouth, LLC. All rights reserved. It is forbidden to copy or transmit this report in any manner. Unauthorized use, reproduction or distribution of the material contained in this report is a violation of federal law and punishable by civil and criminal penalty. For permission and more information, contact reports@horsesmouth.com.
Advisor/Client Solution
Copyright Š 2011 Horsesmouth, LLC. All rights reserved. It is forbidden to copy or transmit this report in any manner. Unauthorized use, reproduction or distribution of the material contained in this report is a violation of federal law and punishable by civil and criminal penalty. For permission and more information, contact reports@horsesmouth.com.
Advisor/Client Solution
Finra Review pending
Copyright Š 2011 Horsesmouth, LLC. All rights reserved. It is forbidden to copy or transmit this report in any manner. Unauthorized use, reproduction or distribution of the material contained in this report is a violation of federal law and punishable by civil and criminal penalty. For permission and more information, contact reports@horsesmouth.com.
Advisor/Client Solution
Client Meeting Confirmation Retirement Income Planning Meeting With [Name of advisor] [Contact information]
This confirms your appointment on: ______________________________________________________ Directions and parking information: [fill in]
To prepare for your appointment: 1. Begin considering the 4 key questions: • Where will you live? • What will you do? • How long will you live? • What surprises does life hold? 2. Gather documents – see Document Checklist and bring as many as possible to our meeting 3. Make a list of questions and concerns you would like to have addressed during your first planning meeting.
Copyright © 2011 Horsesmouth, LLC. All rights reserved. It is forbidden to copy or transmit this report in any manner. Unauthorized use, reproduction or distribution of the material contained in this report is a violation of federal law and punishable by civil and criminal penalty. For permission and more information, contact reports@horsesmouth.com.
Advisor/Client Solution
Client Meeting Document Checklist
Retirement Income Planning Document Checklist In order to tailor a retirement income plan to meet your life goals we will need to see the following documents. Please bring the following documents to our next scheduled meeting.
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Account statements Please bring recent statements for all of your: Checking and savings accounts Brokerage accounts Mutual funds Annuities Employee stock purchase plans Stock options Real estate Business interests and other investments Retirement plan statements Please bring account statements for the following: All IRAs All 401(k)s Other retirement plans (profit-sharing, etc.) Credit card statements and other loan information To help with budgeting Credit cards Mortgages Auto loans Student loans Business loans Personal loans Tax returns Most recent income tax return Statements or other documentation showing the cost basis and current value of assets owned outside retirement accounts
Copyright Š 2011 Horsesmouth, LLC. All rights reserved. It is forbidden to copy or transmit this report in any manner. Unauthorized use, reproduction or distribution of the material contained in this report is a violation of federal law and punishable by civil and criminal penalty. For permission and more information, contact reports@horsesmouth.com.
Advisor/Client Solution Insurance policies Life insurance policies and statements Disability insurance Health insurance Long-term care
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Social Security statements Latest benefit estimate from the Social Security Administration Or, if statement not available, benefit estimate from SSA Retirement Estimator at www.ssa.gov/estimator Estate Planning Beneficiary designations for IRAs, life insurance, annuities, employer-sponsored retirement plans A copy of your latest will and letter of instructions Trust documents Power of attorney for health care Power of attorney for financial matters
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Questions Please jot down your most pressing questions and concerns. _________________________________________________________________ _________________________________________________________________ _________________________________________________________________ _________________________________________________________________ _________________________________________________________________ Other advisors Please furnish the name and contact information for other advisors, including investment, tax and estate planning. _________________________________________________________________ _________________________________________________________________ _________________________________________________________________ _________________________________________________________________ _________________________________________________________________
Copyright Š 2011 Horsesmouth, LLC. All rights reserved. It is forbidden to copy or transmit this report in any manner. Unauthorized use, reproduction or distribution of the material contained in this report is a violation of federal law and punishable by civil and criminal penalty. For permission and more information, contact reports@horsesmouth.com.
Advisor/Client Solution
Client Meeting Confirmation & Document Checklist Finra Review Letter
Copyright Š 2011 Horsesmouth, LLC. All rights reserved. It is forbidden to copy or transmit this report in any manner. Unauthorized use, reproduction or distribution of the material contained in this report is a violation of federal law and punishable by civil and criminal penalty. For permission and more information, contact reports@horsesmouth.com.
Advisor/Client Solution
Advisor Meeting Checklist
Advisor Meeting Checklist: Retirement Income Planning
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Life Planning – Have clients made decisions about: • Where they will live • What they will do • How long they might live • What surprises life might hold Budgeting Have clients estimated their expenses in retirement? o Mandatory expenses: housing, food, transportation, personal items o Discretionary expenses: hobbies, travel, etc. o Insurance premiums: health (Medicare), home, auto, life, long-term care o Taxes: federal and state income tax on wages, investment income, retirement plan distributions, Social Security • Have they identified sources of income and the approximate amount of each? o Social Security o Pensions o Income from work o Asset income Account Management • Do you know about all of the client’s o Retirement accounts o Investment and savings accounts o Other assets such as real estate • Do clients need help with: • IRA rollovers • Roth conversions • Withdrawal plans • Assistance with RMDs Portfolio Management • Are current investments suitable for retirement? • If not, has a plan been established for transitioning to a retirement portfolio? •
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Copyright © 2011 Horsesmouth, LLC. All rights reserved. It is forbidden to copy or transmit this report in any manner. Unauthorized use, reproduction or distribution of the material contained in this report is a violation of federal law and punishable by civil and criminal penalty. For permission and more information, contact reports@horsesmouth.com.
Advisor/Client Solution
Horsesmouth Resources Retirement Income Planning • Become a Retirement Income Specialist (76468) • Planning for a 30-Year Retirement (80820) • Cracking the Nest Egg: When Accumulation Becomes Distribution (79507) • A 6-Step Retirement Income Strategy for Mid-Market Clients (84475) • The Art of Managing Retirement Assumptions (80471) • Drafting Clients' Retirement Plans—A Checklist (73051) • The Zone System for Choosing Retirement Income Products, Parts 1 & 2 (79765 & 79766)
Life Planning Resources • Reinvent Your Practice With a Life-Planning Approach (85858) • How Life Planning Changed My Practice (79710) • Life Planning: 11 Areas to Cover With Clients (71670) • 5 Questions to Ask Clients 5 Years Before They Retire (75015) • 16 Lifestyle Questions to Ask Retiring Clients (76728) • Explore Clients' Meta-Goals Before Setting a Strategy (78283) • 8 Reasons That Clients 'Flunk' Retirement--And How You Can Help (76224)
Account Management Resources • IRA Rollovers: Pros Generally Outweigh Cons (74925) • Taxes Will Make or Break 2010 Roth Conversions (84059) • The Portfolio vs. the VA: Which Is More Capital Efficient for Retirees? (84855) • What the Experts Say About 4% Withdrawal Rates (80037) • The 'Bucket' Approach to Asset Allocation (79704) • Inherited IRAs: Preserving the Stretch (82003)
Retirement Income Marketing • The Prospecting Mindset That Works Today (84687) • 'Will I Run Out of Money in Retirement?' (84018) • Change Today, or Lose Clients Tomorrow (84234) • A Single Sentence That Tripled Referrals (86096)
Copyright © 2011 Horsesmouth, LLC. All rights reserved. It is forbidden to copy or transmit this report in any manner. Unauthorized use, reproduction or distribution of the material contained in this report is a violation of federal law and punishable by civil and criminal penalty. For permission and more information, contact reports@horsesmouth.com.