4. As we obey the counsel to avoid
and get out of debt now, we use
our agency and obtain liberty to use
our disposable income for helping
and blessing others.
- Robert D. Hales, October 2010
5. To those of you who are not yet to
the season of life when you might
serve a couple mission, I urge you
to prepare now for the day you and
your spouse may do so. As your
circumstances allow, as you are are
eligible for retirement, ....
- Thomas S. Monson, October 2010
7. Defined Benefit Only
Defined Contribution Only
Both DB and DC Plans
26
67
7
22
16
62
Worker Participation Percentage by Plan Type
Source: Employee Benefits Research Institute
1979 2008
%
%
%
%
%
%
8. Social Security
Employer Pension
401(k) - IRA Savings
66
11
13
49
19
21
21
21
42
Largest Source of Retirement Income
Source: Pew Research Center
Current Retirees Baby Boomers Ages 41-49
Adults Ages 18-40
%
%
%
%
%
%
%
%
%
10. Inflation Longevity Market
Spending Income Issuer
Healthcare
Household
Shock
Public Policy
Retirement Risks
Source: Retirement Income Industry Association
11. Inflation Longevity Market
Spending Income Issuer
Healthcare
Household
Shock
Public Policy
Investment Related Retirement Risks
Source: Retirement Income Industry Association
26. Joint Life Income (100% to
Survivor)
65Year Old Couple
$30,000 annual = $504k
27. Real interest rate (i.e. net of inflation) 3%
Years until retirement 25
Current Savings $150,000
Annuity Cost $504,000
Additional Savings for Inflation Protection $100,000
Minimum Annual Savings to Fund Annuity $9,427
Min Annual Savings to Fund Annuity + Protection $12,090
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