9 Lowell Street, Beverly, Massachusetts, 0915-3652 - Phone 978.922.9961 - Fax 978.922-9961
Conflict Free Financial Planning, Investment Counseling & Financial Education
Services

                                             
                                                             The Road to Retirement

In years past working individuals could count on a three legged stool to support them in retirement. Social
Security represented the first leg; company-provided guaranteed pensions represented the second leg, and
personal retirement savings the third. Today few workers are covered by defined benefit pension plans. These
plans have largely been replaced by what are called defined contribution plans, the most well known being the
401K. Defined benefit plans are employer funded and managed with benefits guaranteed, while 401K plans are
largely employee funded and managed with no guarantee. This is a significant difference. The employer was
responsible for the management of defined benefit plan investments and bore the risk in the event of poor
investment results. Employers generally had the means to hire professional investment managers to manage
plan assets and employee benefits were guaranteed even in the event of poor results. With the advent of
401K's the responsibility for making contributions, managing investments, and bearing investment risk has been
shifted to employees. Few employees have the expertise to properly manage their retirement assets yet the
importance of sound decision making has been heightened with the loss of one of the legs of the retirement
stool. The Road to Retirement series seeks to expose individuals to basic retirement planning and investment
principles in an attempt to help them make better decisions. The series is presented in four modules which can
be purchased as stand-alone workshops or as a series. Click on the links below to learn about each module.

   
Module 1: Accumulation Planning                                   Module 2: Distribution Planning

Helps attendees determine how much income                           Attendees will learn how much of their retirement
they will need in retirement to maintain their desired                 savings they can prudently withdraw to sustain
standard of living, how much they need to accumulate              income distributions they cannot outlive, the  
to generate that income and how much they should                  investment return required to sustain those
save annually.                                                                            distributions and a strategy to protect their
                                                                                                  savings in the event of market loses.

Module 3: The Investment Vehicles                                Module 4: Building the Portfolio

Stocks and bonds are the building blocks                                  The instructor walks attendees through a
of the mutual funds investors will use to                                      worksheet designed to help them build a
fund their retirement strategy. The basics                                   broadly diversified retirement portfolio.
are covered in this workshop.
9 Lowell Street, Beverly, Massachusetts, 01915-3652 - Phone 978.922.9961 - Fax 978.922.9961
Conflict Free Financial Planning, Investment Counseling & Financial Education
Copyright © 2009 Thomas J. Costantini, Monserrat Advisory Services, LLC,  All Rights Reserved.
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