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Eric Bruck Silver Oak Wealth Advisors

Eric Bruck Silver Oak Wealth Advisors. Q2 SMI Homework Assignment One Pagers 1/17/2014 Note: The Roberts “One-Pager” is a 2 page presentation. David & Cynthia Financial Plan - Executive Summary 12/2013. PLAN SUCCESS!. Original Plan. Vision. Confidence Level: 93%

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Eric Bruck Silver Oak Wealth Advisors

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  1. Eric BruckSilver Oak Wealth Advisors Q2 SMI Homework Assignment One Pagers 1/17/2014 Note: The Roberts “One-Pager” is a 2 page presentation

  2. David & Cynthia Financial Plan - Executive Summary 12/2013 PLAN SUCCESS! Original Plan Vision Confidence Level: 93% Above Confidence Zone Confidence Level:50% Below Confidence Zone Adjustments • Lifetime LTC Out-Of-Pocket NOT REDUCED from $956K TO $500k • Assumes NO RBZ EQUITY LIQUIDATION event for $300K at retirement • (OTHER ASSUMPTIONS = SAME) ADD’L SAVINGS: $ 150,000 per year What’s Different? Assume RBZ EQUITY LIQUIDATION event for $300,000 at retirement Resources • *Adjust LTC OUT-OF-POCKET • David: $956.5K > $500K • Cynthia: $1,231K > $600K • *(client directed adjustment) Page 1

  3. David & Cynthia Financial Plan Summary of Assumptions & Objectives (12/2013) Summary of Objectives New Actions and Adjustments (for Optimal Scenario) Summary of Basic Plan Assumptions Living Expenses in Retirement Both Retired: $120,000 Cynthia alone: $ 96,000 Retirement in 2018 David: 65 Cynthia: 60 ADD’L SAVING/INVESTMENT: $ 150,000 per year • Post-Retirement Income • David earns - $500K/yr x 5yr • Social Security begins at Age 70 for both Health Care Costs Health Care-Dave: $ 10,000/yr Health Care-Cyn $ 10,000/yr LTC-OOP–Dave@88: $ 956,548 LTC-OOP–Cyn@90 $1,231,013 Assume Business Equity Liquidation for $300,000 at Retirement Inflation rate for living expenses 3% Education Costs Eden (2013 for 2yr) $ 28,000/yr Shaina (2013 for 1yr) $ 27,000/yr *Reduce Lifetime LTC Out-Of Pocket David: $956.5K > $500K Cynthia: $1,231K > $600K *(client directed adjustment) Savings to Retirement 401(k): $ 56,500 per year Pension: $ 40,000 per year ADD’L SAVINGS: $ 150,000 per year RBZ EQUITY $ 300,000 @65 Non-Negotiables Weddings (start 2017): $ 200,000 TRAVEL (for 15yrs): $ 50,000/yr Portfolio Rate of Return 6.08%

  4. 2013 Tax Year: How to Handle The Emerald City K-1 Distribution • 1) Divorce not final, treated as community property; filing separately for 2013 • Michael entitled to but did not receive ½ of $240K distribution ($120,000) – he doesn’t want it, nor to pay the tax on it. • Objective: To equitably and simply resolve the tax issue without stress to either

  5. Invest How To Achieve Investment Growth …without the speed bumps. ~~~~ Silver Oak Wealth Advisors’ Durable Income Portfolios canprovidetheanswers E-mail: info@silveroakwa.com Disclaimer

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