Planner Disclosure

PLEASE REVIEW THE FOLLOWING FOR IMPORTANT INFORMATION REGARDING ASSUMPTIONS, LIMITATIONS, AND RISKS ASSOCIATED WITH THE RETIREMENT PLANNING TOOL.

The Retirement Planning Tool is for educational use only.  The projections or other information generated by the Retirement Planning Tool regarding the likelihood of various investment outcomes are hypothetical in nature, and do not reflect actual anticipated results. Keep in mind that investing involves risk. The value of your investments will fluctuate over time, and you may gain or lose money.  Diversification and asset allocation do not ensure a profit or guarantee against loss.

The primary objective of the Retirement Planning Tool is to help provide education on how retirement savings coupled with other sources of predictable income could affect the estimated amount of available assets and composition of income in retirement. Through the basic inputs, we gather general information about a hypothetical scenario and roughly estimate how that scenario may perform over time. The Retirement Planning Tool results are based on the personal and financial information that you provide. We have no responsibility to investigate the accuracy or completeness of such information. The Retirement Planning Tool will not consider any information requested of but not furnished by you. You are responsible for providing true, accurate, and complete information.

Your current balance, income, contribution level, and other assets all affect your potential success in reaching your retirement goals. The Retirement Planning Tool will recommend a more aggressive investment strategy if a particular investment strategy is forecasted to fall short of your goal.

The Retirement Planning Tool is not a substitute for a retirement income plan. The Retirement Planning Tool results regarding the hypothetical withdrawal amount are determined by a set of growth rates for various time horizons. These rates have been generated through simulations based on historical market returns that a portfolio might experience, although the market's past performance does not predict how it will perform in the future.

General descriptions of each of the five available investment strategies appear below. Expenses are assumed to increase at an annual inflation rate of 2.31%.

The Retirement Planning Tool does not support all types of income or assets. Income sources included in guaranteed income may include without limitation Social Security and pensions. We assume that these sources will continue at the specified level for the duration of the hypothetical plan. However, each source of income is subject to unique risks and limitations.

For example, Social Security benefits are subject to current federal law, which Congress has made changes to in the past and can do so at any time. The law governing Social Security benefit amounts may change because, in the future, the payroll taxes collected may not be enough to pay 100% of scheduled benefits. ProNvest cannot guarantee any results shown in these examples. Visit www.ssa.gov for additional information on Social Security benefits eligibility and rules. Pension payments are subject to the specific structure of the pension and the claims-paying ability of the employee’s employer, unless the employer has transferred the liability to a third-party insurance company.

Investment Strategies

In general, the investment lifecycle can be divided into one of two phases: the accumulation phase and decumulation phase. The accumulation phase begins when an investor enters the workforce, typically in one’s early 20s, and begins saving and investing toward retirement. The accumulation phase ends and the decumulation phase begins when one enters retirement, typically around age 65, thereafter the individual begins spending down their retirement savings. During the accumulation phase, an investor is primarily concerned with capital appreciation, whereby in the decumulation phase an investor is primarily concerned with retirement income and capital preservation. As you age, we adjust your portfolio creating a “glide path” that becomes more conservative as you near retirement. Descriptions of each of the five investment strategies available through ProNvest are as follows:

• Conservative: This investment strategy seeks to minimize fluctuations in market values consistent with a below-average level of risk and takes an income-oriented approach with some capital appreciation potential. Investors should expect low volatility and a below-average market return.
• Moderate Conservative: This investment strategy seeks income and the potential for capital appreciation, with a slight priority on income, consistent with a below-average level of risk. Investors should expect moderate fluctuations in market values.
• Moderate: This investment strategy seeks income and the potential for capital appreciation with a slight priority on capital appreciation, consistent with a moderate level of risk.  Investors should expect moderate fluctuations in market values.
• Moderate Aggressive: This investment strategy seeks a preference for portfolio growth and income consistent with an above-average level of risk.  Investors should expect more significant fluctuations in market values.
• Aggressive: This investment strategy seeks aggressive growth through a diversified asset allocation strategy consistent with an above-average level of risk. Investors should expect wide fluctuations in market value, especially over the short term.

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