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FINANCIALLY Speaking A Retirement Distribution Strategy Can Make All the Difference Content prepared by © 2015 The Penn Mutual Life Insurance Company, Philadelphia, PA 19172 Jeffrey M. Orth is a Chartered Financial Consultant, a Certified Advisor in Senior Living, and an Investment Advisor Representative, with over 15 years of experience as a business and personal planning, insurance, and wealth management specialist. Jeff is available for group lectures and private consultations. Visit ifitfinancial.com or call 408.842.2716. 1380257RM-Dec17 A fter a lifetime of planning and saving for retirement, the big moment has finally arrived – the day you can start doing all of the things you’ve always wanted to do like spending time with family, traveling strictly for pleasure, or maybe even building that patio out back. And because you had the foresight to tuck money away in IRAs, annuities, 401(k) and other retirement savings plans, you’re feeling pretty good about your overall financial situation. That’s great. But you’re not done yet. Now that you’ve reached retirement, you want to ensure that the funds you’ve set aside will not only last for the rest of your life, but that at your death, whatever amounts remain unspent will be passed on to your heirs quickly, privately, and as tax efficiently as possible. In other words, now that you’ve been successful in saving for retirement, you’ll want to be equally as successful in developing, and implementing, a retirement distribution strategy. A carefully thought out retirement distribution strategy will not only help ensure that you don’t outlive your assets, but it will also help you avoid paying unnecessary taxes and/or penalties in the event you don’t get around to spending them. There are a number of regulations governing when you can (or must!) begin taking distributions from your qualified retirement accounts, and failure to abide by these regulations can result in hefty tax penalties. As you put together a retirement distribution strategy, there are many things to consider. What will your ongoing expenses be? How will inflation affect your spending power? Will you be able to afford ever-increasing property taxes and home maintenance costs? What about potential health- related or long-term care expenses? And finally, what about leaving something behind for your heirs or providing for a favorite charity? Of course there’s no way of knowing what ݥݥѠѡ䰁ݥѠ)ͽѠȁ܁ԁݥٔ)Ёٕ́ѡٕ́䁥хЁѡЁѡ͔)ѽ́ɅѕѼȁɅѕ)ѼхЁ́Ѽձє)ѥѕɽͽɍ́ѡȁѡ)ͅ٥̀ͽ͕ɥ䰁ͥ)ьѡѕɵȁѥѕ̸͕)%׊eɔՍ͙հԁ)ͅѱɥ͕ѼѡЁ׊eɕեɔ)ٕ䁱ѱȁٕɼ́ѼȁՅ)ɕѥɕЁչ̸Uչѕ䰁ѡЁͻe)ԁЁٔѡ́ѡ䁅ɔѼ)ѥՔ她х൑ɕɽѠU)ɕЁхܰԁɕ )Ёхɥѥ́ɽ)ՅɕѥɕЁչ̨ٕ)eЁȁ݅ЄѡMՍɥѥ)%1I=d5=I8!%10M85IQ%8)5I AI%0)ɔɅɕɕѼ̃qɕեɕմ)ɥѥϊtI5̤)I5́ѡմչЁ)ѡЁԁЁݥѡɅ܁ɽȁՅ)ɕѥɕЁչ́啅ȸeȁЁI5)Ёхɥāѡ啅ȁѕȁ)ɕ Չ͕ՕЁI5́)хٕ啅ȁѡɕѕȁȀĸ)ɔѼхI5䁝ٕ啅ȁݥ)ɕձЁɍЁ፥͔хѡչЁ)хLɱ͕ٕɔ)=ͽѥѼѡ́ɽ́)ɽՍЁݸ́qMɕэ%ItMɕэ%I)ɔͥȁՍ͙հ٥Յ́ݡ)ЁѥєѡȁՅɕѥɕ)͕̰ݡݽձɅѡȁ́ѡѼѡ)ɕȁɅɕ]ѠMɕэ%I)ԁЁɕѡɥѥ)Յ͕́Ёٕȁ啅̰Ёԁ)ͼɽݡɕٕ́ȁ͕̰ԁ)ѥՔ她х൑ɕɽѠȁ́)́ͥ)!ɗé܁ѡЁݽɭа)ͽєȁՅ͕́Ѽ%I)MԁչͽLɅ)ȁᅵ́ȁɥ䁉丁])ԁɕ ȁѥI5ݽձ)͕ȁх䁅́ѕɵ)ѡ%ѕɹIٕՔM٥ẽqUɴI5)QtЁȁѠݕٕȰѡI5ݽձ)ɕձѕ͕ȁé)х丁́ȁȁ)ѡѥЁٕ́ͥѡЁѡх൑ɕ)ɽѠɅѕȁ%Í͕ձд)́ȁȁI5ȁեєյȁ啅̸)Qɕձȁ%Í͕ѥՔѼɽ)ٕ́ȁ䁑Ʌ́ѥ)ѡȁѥݽձѼȁ͔)́ȁɥ䁉䁅ȁɅ)́ѥЁ丁ЁȁѠ)͡ѡȁ͔ձЁѼ)ɥЁȁ%IхI5͕́)̽ȁх丁%͡eЁ)ѡݕٕȰ͡ձ͍ѡ)ɥхݡ͔ѡ%Iݽձ́Ѽ)ȁѥЁ丁eȁ͔ݽձ)ٔչѥMѕȀѡ啅ȁݥ)ѠѼѡЁͥ)Qɔ́эѡ՝ݡMɕэ%I)ѕѠѡɽѠɥѥ)ȁ͕ٕ́ȁ啅̰ѡ͔͕̰ͅ)ѡeɔЁЁѠѼ٥Յѡȁѡ)ȁ͔䁉ՉЁѼѠ)хєхѥ ЁѡɗéѕѥͽѥѼ)ѡ́ɽѽ聱Ʌ)%׊eɔхI5͔́ԁٔѼL)͔׊eٔɕ 􁅹ѡ) ѥՕ)ѽ乍(