Financial Protection & Retirement Analysis

Financial Protection & Retirement Analysis

Financial Protection & Retirement Analysis

Complete the information below to estimate emergency-fund needs, family protection needs, savings goals, retirement accumulation, retirement-income needs and potential financial gaps.

1. Client Information

2. Household Income & Expenses

3. Savings Analysis

Compare current monthly savings with 10%, 15% and 20% savings benchmarks.

Enter regular monthly savings outside of retirement-plan contributions.

Savings Benchmarks

Average Saver
10% of gross household income
Good Saver
15% of gross household income
Excellent Saver
20% of gross household income

4. Emergency Fund

5. Family Protection Analysis

Estimate protection needs using Debt, Income, Mortgage and Education.

6. Retirement Accumulation

Adjustable hypothetical annual return assumption.

7. Retirement Income Goal

Used to estimate how much retirement capital may be needed to support the income goal.

Financial Protection & Retirement Analysis

Personalized financial snapshot based on the information provided.

Client
Prepared By
Household
Date

Financial Snapshot

Household Annual Income
Current Monthly Savings
Emergency Fund Gap
Family Protection Gap
Projected Retirement Assets
Monthly Retirement Income Gap
Estimated Monthly Retirement Contribution Needed
Estimated personal monthly contribution required from now until retirement under the selected assumptions.
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Savings Analysis

Compare current monthly savings with three savings benchmarks based on gross household income.

Gross Household Income
Gross Monthly Household Income
Current Monthly Savings
Current Savings Rate
Current Savings Category
Average Saver
10%
Good Saver
15%
Excellent Saver
20%
Savings Gap to Excellent Saver Level
These percentages are general savings benchmarks for educational planning purposes.
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Emergency Fund Analysis

Compare current emergency savings with the selected number of months of essential household expenses.

Essential Monthly Expenses
Selected Emergency Reserve
Emergency Fund Target
Current Emergency Savings
Emergency Fund Gap

Potential Funding Schedule

Time to Fund Approximate Monthly Amount
12 Months
24 Months
36 Months
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Family Protection Analysis

Estimated family protection need using Debt, Income Replacement, Mortgage and Education.

Debt
Income Replacement
Mortgage
Education
Estimated Family Protection Need
Existing Life Insurance
Potential Family Protection Gap
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Retirement Projection

Project retirement accumulation using current assets, contributions, employer contributions and the selected hypothetical annual return.

Current Retirement Assets
Current Monthly Contribution
Employer Contribution / Year
Years Until Retirement
Assumed Annual Growth Rate
Projected Retirement Assets

Retirement Income Goal

Desired Retirement Income
Estimated Social Security
Pension Income
Other Retirement Income
Income Needed From Retirement Assets
Potential Monthly Retirement Income Gap
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What Is Needed to Reach the Retirement Goal?

This section converts the retirement-income need into an estimated retirement asset goal and calculates the monthly contribution required to pursue that goal.

Monthly Income Needed From Retirement Assets
Annual Income Needed From Retirement Assets
Retirement Income Planning Rate
Estimated Retirement Asset Goal
Projected Assets With Current Contributions
Estimated Retirement Asset Gap
Estimated Total Monthly Personal Contribution Needed
Current Monthly Personal Contribution
Estimated Additional Monthly Contribution Needed

Contribution Strategy

Roth IRA eligibility and contribution limits can depend on income, tax filing status, age and applicable tax rules. The contribution limits entered in this calculator are planning assumptions and should be verified before implementation.
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Financial Action Plan

Areas identified by the analysis for additional review, planning and potential action.

Important Information

This financial analysis is intended for educational and informational purposes only. Calculations are based on information provided by the client and assumptions selected during the analysis. Savings benchmarks are general educational illustrations and are not individualized financial recommendations. Life insurance needs, emergency-fund targets, retirement projections, retirement-asset goals and retirement-income estimates are approximations. Hypothetical rates of return are not guaranteed. Actual investment, market or index performance can vary. An indexed annuity does not invest directly in the S&P 500 or another market index. Roth IRA eligibility and contribution limits can depend on income, filing status, age and current tax rules. Non-qualified annuities are funded with after-tax dollars and may include surrender charges, withdrawal limitations, taxation of gains and product-specific provisions. Insurance and annuity products are subject to availability, eligibility, suitability, contract provisions and applicable regulations. This analysis does not provide legal, tax or individualized investment advice.
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