Tools that support your goals.

Retirement Benefit Analysis: (See below for Sample) This simple tool is very helpful for you and us when determining the strength of your retirement and the overall health of your assets.

Online access: Having constant access to your accounts is a high priority.  We utilize multiple sources and tools that provide daily market values, returns, and historical performance. These tools help you stay informed and provide clarity about the status of your investments.

Illustrations: Through an investment illustration you can see how historical performance of the market would have affected an account in our various strategies. 

 

What to expect as a client?

McLane Advisors is committed to building you a bright future for retirement. Whether retired or still working, work diligently so you won’t have to worry about whether you’re on the right path to financial freedom.

How we do this?

  • Communication is key. When you call McLane Advisors we strive to have someone answer the phone at all times during regular business hours.
  • Whether through phone, text or email, McLane Advisors is available in multiple ways to answer your questions and be available for all your financial needs.
  • Personal reviews are key to keeping on track with goals. McLane Advisors strives to keep you up to date by having face to face appointments either in person or through social media when if needed.  These reviews allow us to make changes based on your goals as they might change throughout your life.
  • Consistency. As a family owned and operated business, we provide stability and familiarity to you. We are very selective with who we hire and we strive to know each of our clients on a personal basis so you feel a connection every time you call.

 

Long-term focus

McLane Advisors will help you achieve financial freedom now, and throughout your lifetime for both you and your loved ones. 

This is accomplished by having a disciplined and long-term approach to your finances and by removing emotional decisions by using many sources of fundamental data as well as trends to make educated decisions in your behalf.

 


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!