The following report is a diagnostic tool intended to review your current financial situation and
suggest potential planning ideas and concepts that may be of benefit. The purpose of the report is to illustrate how
accepted financial and estate planning principles may improve your current situation.
This report is based upon information and assumptions provided by you (the Consumer). This report provides broad and
general guidelines on the advantages of certain financial planning concepts and does not constitute a recommendation
of any particular technique. We recommend that you review your plan annually, unless changes in your personal or financial
circumstances require more frequent review.
The term "plan" or "planning," when used within this report, does not imply that a recommendation has been made to
implement one or more financial plans or make a particular investment. Nor does the plan or report provide legal,
accounting, financial, tax or other advice. Rather, the report and the illustrations therein provide a summary of
certain potential financial strategies. The reports provide projections based on various assumptions and are therefore
hypothetical in nature and not guarantees of investment returns. You should consult your tax and/or legal advisors before
implementing any transactions and/or strategies concerning your finances.
Additionally, this report may not reflect all holdings or transactions, their costs, or proceeds received by you.
Prices that may be indicated in this report are obtained from sources we consider reliable but are not guaranteed.
Past performance is no guarantee of future performance and it is important to realize that actual results may differ
from the projections contained in this report. The presentation of investment returns set forth in this report does
not reflect the deduction of any commissions. They will reflect any fees or product charges when entered by the
advisor/representative. Deduction of such charges will result in a lower rate of return.
It is important to compare the information on this report with the statements you receive from the custodian(s)
for your account(s). Please note that there may be minor variations due to calculation methodologies.
If you have any questions, please contact your financial advisor.
The information contained in this report is not written or intended as financial, tax or legal advice. The
information provided herein may not be relied on for purposes of avoiding any federal tax penalties. You are
encouraged to seek financial, tax and legal advice from your professional advisors.
Tools such as the Monte Carlo simulation, which may be included in this analysis, will yield different
results depending on the variables inputted, and the assumptions underlying the calculation. The assumptions
with respect to the simulation include the assumed rates of return and standard deviations of the portfolio
model associated with each asset. The assumed rates of return are based on the historical rates of returns
and standard deviations, for certain periods of time, for the benchmark indexes comprising the asset classes
in the model portfolio. Since the market data used to generate these rates of return change over time your
results will vary with each use over time.
Monte Carlo Analysis is a mathematical process used to implement complex statistical methods that chart the
probability of certain financial outcomes at certain times in the future. This charting is accomplished by
generating hundreds of possible economic scenarios that could affect the performance of your investments.
The Monte Carlo simulation uses at most 500 scenarios to determine the probability of outcomes resulting from
the asset allocation choices and underlying assumptions regarding rates of return and volatility of certain asset
classes. Some of these scenarios will assume very favorable financial market returns, consistent with some of the
best periods in investing history for investors. Some scenarios will conform to the worst periods in investing
history. Most scenarios will fall somewhere in between. The outcomes presented using the Monte Carlo simulation
represent only a few of the many possible outcomes. Since past performance and market conditions may not be repeated
in the future, your investment goals may not be fulfilled by following advice that is based on the projections.
I/We have received and read this Disclaimer page and understand its contents and, therefore, the limitations of the report.
Furthermore, I understand that none of the calculations and presentations of investment returns are guaranteed.