About Your Financial Plan or Consulting Report

This financial plan or consulting report (“the written report”) is only a general guideline that is designed to review your current financial situation and to assist you in making financial decisions related to your stated financial needs, priorities, and concerns. Its ultimate goal is to recommend actions designed to help you achieve your stated financial objectives.

The written report and any recommended courses of action contained herein are based on the information you have provided. As such, the analyses and any graphs are dependent upon the accuracy of the data you have provided. Depending upon the scope of planning or consulting services you have identified in your Advisory Services Client Agreement, you should be aware of the following:

  • To the extent that you have been asked to assign assumed rates of return to the assets included in this analysis, different types of assets may be assigned different assumed rates. You may want to consider the historical rates of return on various asset classes as a basis for your decision. Of course, there is no guarantee that these returns will be repeated in the future and you may decide that a more conservative assumed rate of return is more appropriate for your circumstances.

  • Any assumed rates of return used to illustrate insurance concepts, investment gains and losses, and income tax or estate planning issues are merely hypothetical and have been used for illustration purposes only. There is no guarantee that any of these assumed rates of return will actually be achieved, and as always, past performance is no guarantee of future results. If you decide to employ dollar cost averaging, you should be aware that dollar cost averaging does not protect against loss in a declining market, nor does it guarantee profit.

  • All investments carry the risk of losing value, including potentially the complete loss of principal. Investments that may offer potentially higher rates of return are associated with higher levels of risk, while lower risk investments generally offer lower potential returns. The higher the risk level of your portfolio, the higher the volatility you can expect from month to month regarding the value of your investments.

  • Some recommendations may include life insurance which – while possessing certain tax advantages and investment features – is primarily an insurance product. Cash withdrawals from, or unpaid loans against, the cash value of a life insurance policy will reduce the policy’s cash value and its death benefit, and could result in an adverse tax liability. Insurance premiums illustrated are subject to underwriting approval and should be regarded as an assumption only for planning purposes. Premiums may be higher or lower and may be required for more or fewer years depending on actual policy terms and performance.

  • This written report is to be used as a planning tool only and is not to solicit the purchase of any particular insurance or investment product. Also, the hypothetical account calculations are not used to solicit the sale of any particular insurance or investment product.

  • Any final decisions relating to tax, insurance or investment strategies and cash flow management are yours to make. Terminating and replacing insurance or investments may subject the owner to additional fees and charges, as well as new surrender periods. Although the written report may contain income tax calculations and legal concepts, it does not constitute tax or legal advice, and it may not be relied on for purposes of avoiding any Federal tax penalties. You should seek tax and legal advice from your personal tax or legal counsel.

  • Since the future cannot be forecast with any certainty, your financial goals and objectives, your personal or business circumstances, and various laws and market conditions will likely change over time. As a result, the actual results you experience may vary from the hypothetical illustrations contained in the written report. Because of these constant changes, you should consider periodic reviews (at least annually) of the written report to update and fine-tune the recommendations in the report.

  • A Health Savings Account (HSA) is an account intended to pay or reimburse, on a tax-exempt basis, certain qualifying medical expenses that you incur now or in the future. Should an individual choose to utilize the funds held within an HSA to supplement their retirement income, rather than to cover qualifying medical expenses, then the non-qualifying distributions would be subject to income tax and may be subject to an additional 20% penalty tax. In general, this 20% penalty tax does not apply to distributions made after your death, disability or attainment of age 65. Please see a qualified tax consultant for more information specific to your situation.