McLane Advisors created and copyrighted the Retirement Analysis, a single-page retirement worksheet. It is a powerful tool that simply explains the benefits and income available to you in retirement. Contact us for your complimentary analysis.

In addition to the Retirement Analysis and our individual retirement planning, we also provide assistance with IRA’s and IRA Rollovers, 401k’s, private-sector retirements, Social Security, and more. We are a full-service financial firm.


Retirement Benefit Analysis


Will I. Retire

Retirement Date: 6/30/19


 

Monthly Pension Amount

$

3,312

 

Based on the Retiree Life Option after the maximum Partial Lump Sum Distribution (PLSD)
provided by your Retirement estimate

 

 

Monthly Withdrawal from Partial Lump Sum Distribution - IRA Rollover

$

631

 

Using an annual withdrawal rate of 5% of $151,527 divided by 12 months.
If you are under age 59 ½, the 10% penalty may be avoided by meeting certain criteria.

 

 

Alternate Survivor Benefit Cost

$

-  464

 

To age 90 life insurance coverage (Class II) of $656,160 (age 52). Based on a 5% calculation of the 100% Option. ($2,734/month to survivor after the maximum PLSD)

 

_______

Sub Total:

$

3,479


457 Deferred Compensation Plan

 

 

 

Current Value:        $43,466 (Includes $23,000 from sick / vacation time pay if applicable)
Using an annual withdrawal rate of 5% divided by 12 months equals
:

$

181

Other Investments

 

 

 

Current Value:        $87,368
Using an annual withdrawal rate of 5% divided by 12 months equals:

$

364

Savings (Not For Income)

 

 

 

Current Value:        $23,000
Using an annual withdrawal rate of 0% divided by 12 months equals:

$

0

Sick / Vacation / Terminal Pay

 

 

 

Current Value         $37,507 (less % to retirement system and $23,000 to 457 or 403(b) if applicable)

 

 

 


Current Monthly Income

$

5,371

 

Total Monthly:

$

4,024

Less Social Security contribution

$

333

 

 

 

 

 

Less Medicare contribution

$

78

 

 

 

 

Less Retirement contribution

$

376

 

 

 

 

 

Less 457 / 401(k) contribution

$

         320

 

 

 

 

 

Adjusted Monthly Income (pretax)

$

4,264

 

Monthly Retirement Income (pretax):

$

4,024

Retirement Income as a percentage of Current Adjusted Income

94%

                 

Note: The above is only an estimate based on information provided by the Participant / Potential Retiree and is not guaranteed.
Figures may vary based on the changes in value of any or all accounts, and do not include health insurance premiums or income taxes

 

Download a sample of Retirement Benefit Analysis


For your own Retirement Analysis, contact us today!