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2. Who We Are:
Zuk Financial Group
• Established in 1974
• 30,000+ Clients
• One of the Largest Independent
Retirement Planning Firms to the
Educational Community in California
• ACCCA Corporate Member
Registered representatives offer securities and advisory services through National
Planning Corporation (NPC). Member NASD/SIPC, a Registered Investment
Adviser. Zuk Financial Group and NPC are separate and unrelated companies. 2

3. Presenters:
DOLIN PEREIRA, IAR
Financial Advisor
• NASD Registered Representative
• Licenses Held – Series “6” and “63”
• California Certified Life Agent
• Investment Advisor Representative CA Insurance Lic. #0D72106
JACK BOTERENBROOD, IAR
Financial Advisor
• NASD Registered Representative
• Licenses Held – Series “6”, “63” and “65”
• California Certified Life Agent
• Investment Advisor Representative CA Insurance Lic. #0D57337
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4. Feedback Card
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5. Retirement Income Will Come
From Multiple Sources
Will It Be Enough to Last 25+ Years?
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6. The Truth About Retirement
Experts Estimate
80-85%
of Pre-Retirement Gross Income Will
Be Needed to Support a Comparable
Retirement Lifestyle
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7. Consider Your Potential Expenses
in Retirement
---Expenses
Expenses
That May
That May
Increase
Decrease
• Medical costs
• Housing
• Recreation
• Taxes
• Travel
• Education
• Long Term Care
• Commuting • Care for Aging
Costs Parents
• Job Related • Medi-Care
Expenses Supplement
Insurance
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8. Understand The Impact of
Inflation
1980 2006 2020
1st Class Stamp $ .15 $ .39 ?
One Dozen Eggs $ .84 $1.38 ?
Movie Ticket $2.69 $9.75 ?
A Gallon of Gasoline $1.25 $3.00+ ?
Source: Statistical Abstract of the United States, 2000.
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9. Monthly Retirement Income
Needs Analysis
These rates are used for hypothetical illustration only and may not be used to predict investment results. Income from investments may fluctuate and the value of the
investment may fall or rise against the interest of the investor. Investment decisions should be based on an individual’s goals, time horizon, and tolerance for risk. This
analysis is provided for information purposes and should not be construed as a recommendation.
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10. Life Expectancy is Increasing!
Source: Hartford Life; based on the 2000 Annuity Mortality Table
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11. Types Of Retirement Accounts
Pre-Tax After-Tax
Contributions Contributions
403(b) - TSA Roth IRA
457 – Deferred Compensation Roth TSA
401k Plan Non Qualified IRA
IRA
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12. TSA - 403(b)
A Tax Sheltered
Retirement Savings Plan For:
• Employees of a public school or university
• Employees of a qualified
tax-exempt organization - 501(c)(3)
Plan distributions may be subject to tax and 10% penalty if withdrawn before age 591/2
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13. TSA - 403(b)
Contributions Are Tax Deductible
Earnings Grow Tax Deferred
Plan Features:
• Contributions must be payroll deducted
• Loans may be permitted by plan
• Available for withdrawl at age 59 1/2 or age 55 and
separated from service
Investment options from District Approved Vendor List
Comparisons of investments at www.403bcompare.com
Plan distributions may be subject to tax and 10% penalty if withdrawn before age 591/2
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14. How to Fund TSA’s and 403(b)s
403(b) - Tax Sheltered Annuity
• Issued by a life insurance company
403(b)(7) - Tax Sheltered Account
• Issued by a investment management company
(mutual fund)
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15. Considerations
1. Tax Brackets (Current and Future)
2. Liquidity (When and How Much)
3. Available Investment Options
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16. Bank vs. TSA Paycheck
Comparison
Compares $500 After-Tax Savings To $700 Pre-Tax Savings.
Gross $4,000 $4,000
CalSTRS (8%) -$320 -$320
TSA $0 -$700
Taxable Gross $3,680 $2,980
Federal Tax -$458 -$309 $149
State Tax -$137 $86 $51
Medicare -$58 -$58 $200
Credit Union -$500 -$0
Net Take Home $2,527 $2,527
For illustrative purposes only, individual results will vary.
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17. Mistake
I’m Only in My 20’s or Early 30’s.
I Have Plenty of Time.
I’ll Worry About
Starting My Investment Plan Later.
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18. Start Earlier, Have More Money
Chart shows annual investments of $4,000 starting at 25, 35 and 45 made until the age of 65 growing at a steady 8% return. It is for illustrative purposes only and is not
meant to represent any actual investment or predict any future results; actual results will vary. Income from investments may fluctuate and the value of the investment may
fall or rise against the interest of the investor. 18

19. Get Invested And Stay Invested
These examples are provided for illustrative purposes only. They are not intended to indicate the performance of a particular investment. Generally, mutual funds do not offer a fixed
rate of return. An investor’s principal is not guaranteed or protected from a decline. The growth of your assets will be based on actual rate of return provided by the investment you
choose. Dollar cost averaging does not guarantee a profit of protect against loss. Dollar cost averaging involves continuous investments in securities. You should consider your financial
ability to continue making purchases through periods of low price levels. 19

20. Elective Deferral Limits - 2007
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21. It is Important
to Have a
Distribution Plan
For Your
Retirement Savings!
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22. You Need a Distribution Plan
Years 1-10 Years 11-20 Years 21+
Income Investments Income and Growth Investments Growth Investments
Cash Equivalents Bonds and Stocks Stocks
* Hypothetical example used for illustrative purposes only. An investor should always consider their investment objectives, time horizon, and tolerance for risk before
implementing any investment strategy.
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23. Taking Your Money Out
403(b) and 403(b)(7) Accounts
• Penalty Free Distributions are Available at Age 55 if
You are Separated from Service, Otherwise at Age
59 1/2.
• Required Minimum Distributions Must Begin by
April 1st of the Year Following the Year You Turn
Age 70 1/2.
• Distributions are Taxed as Ordinary Income at
Current Year Tax Bracket.
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24. Your Income Must Last Your
Lifetime!
Conservative Balanced Growth All Equity
Stocks 20% 50% 70% 100%
Bonds 50% 40% 25% 0%
Cash 30% 10% 5% 0%
Real Annual
Withdrawal Rate * Chance of Outliving Your Retirement Assets – 25 year Distribution
6% 89% 45% 34% 30%
5% 53% 17% 9% 15%
4% 8% 0% 0% 0%
* Withdrawal rate in addition to annual inflation as measured by CPI.
Hypothetical example used for illustrative purposes only. Results are based on a historical simulation using all the rolling 25-year periods from 1926 to 2002. Based on
monthly returns of the S&P 500 (stocks) U.S. government bonds (bonds) and U.S. 30-day Treasury bills (cash equivalents) for 1926-2002 as provided by Ibbotson Associates.
Withdrawal rates were adjusted each year for actual CPI inflation rates. Taxes are not taken into account. Past performance is no guarantee of future results. Not intended
to represent the performance of any specific investment and an investment can not be made in any index. Individual investor results will vary. 24

25. A Financial Professional
Can Help You:
• Clarify Your Investment Goals
• Choose Investments that Seek to Meet Your Goals,
Risk Tolerance and Time Horizon
• Set Realistic Expectations for Performance
• Remain Disciplined
• Monitor your Portfolio and Recommend Changes
Over Time
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26. ZUK Financial Group
Comprehensive Planning Services Include:
• CalSTRS Pension • Income Taxes, Inflation
Maximization and Debt Consolidation
• Other Sources of • Investment Selection and
Retirement Income Portfolio Construction
• Taxable vs. Tax Deferred • Long Term Care and
vs. Tax-Free Income Asset Preservation
• TSA’s, IRA’s, Roth IRA’s, • Estate Planning and
401k’s and Simple Plans Living Trusts
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27. Your Next Steps!!!
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28. Feedback Card
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