Fidelity PLANNING Retirement Income INVESTING Fidelity PLANNING Retirement Income INVESTING...

Fidelity PLANNING Retirement Income INVESTING Fidelity PLANNING Retirement Income INVESTING Advantage
Fidelity PLANNING Retirement Income INVESTING Fidelity PLANNING Retirement Income INVESTING Advantage
Fidelity PLANNING Retirement Income INVESTING Fidelity PLANNING Retirement Income INVESTING Advantage
Fidelity PLANNING Retirement Income INVESTING Fidelity PLANNING Retirement Income INVESTING Advantage
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Transcript of Fidelity PLANNING Retirement Income INVESTING Fidelity PLANNING Retirement Income INVESTING...

  • Fidelity PLANNING Retirement Income INVESTING

    Advantage INCOME MANAGEMENT

    FIMA v1

    Income Management Account – What’s my Spending and Income? Asset Withdrawal (Current Period)

    Current Period Year to Date Beginning Balance $39,528.05 $54,038.10 Non-Investment Income

    Social Security 2,650.00 7,950.00 Pension 1,400.00 4,200.00 Other Income 89.56 798.24

    Total Non-Investment Income $4,139.56 $12,948.24 Spending -$7,853.37 -$31,752.39 Reinvestments to Your Portfolio $26.35 $278.05

    Ending Balance $35,969.24 $35,969.24

    If the number below is positive (surplus), you are adding to your Income Management Account. If it is negative (withdrawal), you are reducing it.

    Non-Investment Income $4,139.56 - Spending -$7,853.37 = Asset Withdrawal -$3,713.81

    or Surplus

    To see how your monthly asset withdrawal may affect your retirement income portfolio and the months of spending remaining in your Income Management

    Account, please review Asset Withdrawal Trends on page 3.

    * For certain assets, the beginning and ending dates may not be the same as the period of this Income Management Report. See "Retirement Income Portfolio – Detail" for details on beginning and ending dates.

    ** Assets Not at Fidelity are provided at your request as a service to you. Fidelity is not responsible for the accuracy of this information. If your Retirement Income Portfolio includes data you entered either manually or through FullView, this data may be out of date or incorrect.

    Income Management Report March 1, 2005 – March 31, 2005

    Customer Service Information

    Retirement Income Portfolio Summary – How much is in my Retirement Income Portfolio?

    ENV# BWW F001S 055061502 John Doe Mary Doe 123 Main Street Anytown, ST 12345

    Online Fidelity.com FAST® –Automated Telephone 1-800-544-5555 Customer Service 1-800-544-6666

    Beginning Value* Ending Value* Net Change Income Management Account Balance $39,528.05 $35,969.24 -$3,558.81 Invested Assets Assets at Fidelity $567,131.51 $584,876.96 $17,745.45 Assets Not at Fidelity ** $164,156.57 $151,393.57 -$2,762.00 Total Invested Assets $731.287.08 $746,270.53 $14,963.45 Total Retirement Income Portfolio $770,815.13 $732,239.77 $11,424.64

    The content in this Income Management Report is general in nature and should not be construed as investment advice. This is not intended to serve as the primary basis for investment or planning decisions. You are solely responsible for the accuracy and appropriateness of the information you provide. Notify Fidelity of any inaccuracies or corrections which should be made.

    Page 1 For Illustrative Purposes Only

    Market Value $0.00 $0.00

    SM

  • incorrect. To the extent such data is included in your portfolio information in this report, Asset Allocation information and key measures such as Asset Withdrawal Rate may not be accurate.

    Non-Investment Income represents inflow of money into your IMA, generally from sources outside your Retirement Income Portfolio, such as pensions, Social Security, and income annuities. Dividend & Interest Income and Additions from Your Portfolio are considered investment income and are not included in this total. Non-investment income may include transfers of principal. The amounts listed may not be taxable income and may not reflect adjustments necessary for tax reporting purposes.

    Plan of Record refers to the Retirement Income Plan data you asked Fidelity to use for comparison purposes. You can view your Retirement Income Plan of Record from the Online Monitor. You can update your Plan of Record by entering new information in the Retirement Income Planning tool and electing to save this in the Plan of Record.

    Reinvestments to Your Portfolio represents assets from your IMA moved to any other account in your Retirement Income Portfolio either by internal transfers to Fidelity accounts or by bank wire or direct debit transfers to non-Fidelity accounts. (Direct debit transactions are initiated at the institution you are moving money into.)

    Retirement Income Portfolio refers to the set of accounts and underlying assets you indicated you plan to use to fund your retirement. You designate the accounts you choose to plan with and monitor in the Retirement Income Planning tool and establish a Retirement Income Portfolio when you enroll into the IMA. All the accounts in your Retirement Income Portfolio are listed on your IMA Report.

    Spending represents all the outflows from your IMA except transfers to other accounts in your IMA Retirement Income Portfolio (see Reinvestments to Your Portfolio above). Spending may include checks, bill payments, debit card purchases, and other withdrawals. Spending also includes MoneyLine transfers our of your IMA (such as into your bank).

    Record. This number will only appear if your account has been active for at least seven full months.

    Asset Withdrawal – 12 Month Average. This is an average of your monthly asset withdrawal for the most recent 12 months. Averaging helps reduce the distortion in reporting that can occur due to normal monthly variations in actual spending and income amounts. If your account has been open less than 12 months, it is only the average since the account was opened.

    Asset Withdrawal Rate – Annualized is calculated by annualizing (multiplying by 12) your Asset Withdrawal – 12 Month Average and dividing that number by your Retirement Income Portfolio's ending value for the current period.

    Asset Withdrawal Rate – Planned. Fidelity’s Retirement Income Planning Tool calculated this annualized asset withdrawal rate based upon information in your Plan of Record. This does not mean that it is a sustainable rate. To assess the risks of this asset withdrawal rate, you should revisit your Retirement Income Plan. You can view your Retirement Income Plan of Record in the Online Monitor at Fidelity.com. Fidelity recommends that you update this Plan in the tool at least annually or whenever your circumstances change.

    Change in Market Value is the effect of market action on the value of an account or portfolio.

    Dividend & Interest Income is money moved into the IMA from other Fidelity Retail accounts using a dividend and interest Personal Withdrawal Service Plan plus dividend and interest income accruing to any position(s) held in your IMA.

    Invested Assets. Total Invested Assets includes all the assets in your Retirement Income Portfolio that are not held in your IMA.

    Invested Assets at Fidelity includes assets held at Fidelity in mutual fund, brokerage, trust, and workplace savings accounts, as well as deferred annuity assets in contracts issued by Fidelity Investments Life Insurance Co. (FILI) that you have included in your Retirement Income Portfolio.

    Invested Assets not at Fidelity are held in accounts held outside Fidelity that you have included in your IMA Retirement Income Plan of Record using Fidelity’s FullView aggregation capability or through manual entry. Data on assets not at Fidelity may be out of date or

    Additions from Your Portfolio represents assets transferred into your IMA from other accounts in your Retirement Income Portfolio, including direct deposit or Moneyline transfers from non-Fidelity accounts and internal transfers or PWS plan transfers from Fidelity accounts.

    Allocation of your Retirement Income Portfolio reports the allocation of your Retirement Income Portfolio among different types of investments, including Stocks, Bonds, Short Term, Unknown, and Other. Classes of holdings, including underlying holdings of mutual funds and deferred annuities, is based on information from independent providers of financial information, including Morningstar, Inc. A more complete description of this process is described in the Income Management Account User Guide. If you have included manually-entered or FullView account data in your Retirement Income Portfolio, this data may be out of date or incorrect. To the extent such data is included in your portfolio, the current Asset Allocation reported and the comparison of that asset allocation to your Plan of Record Target Asset Mix may not be accurate. Be sure that you are fully satisfied with the accuracy of non-Fidelity financial data prior to taking any action based on the asset allocation reported. Information in this section comparing your current, actual asset allocation and the Target Asset Allocation you selected and saved with your Retirement Income Plan of Record compares only the stock (foreign and domestic) portion of the allocations. The comparison does not include the Bonds or Short Term portion of these asset allocations.

    Asset Withdrawal. Asset withdrawal is the process of drawing on your Retirement Income Portfolio to fund your retirement. It is calculated by subtracting your spending from your non-investment income. If the number is positive it represents a surplus rather than

    Asset Withdrawal – Current Period. Represents current period Non-Investment Income less current period Spending.

    Asset Withdrawal – Months of Spending. This is an estimate of how many future months your current IMA balance may last based on your average asset withdrawal amount. It is calculated by dividing your IMA balance at the end of this report’s period by the Asset Withdrawal – 12 Month Average on this report. It is suggested that you maintain enough assets in your IMA to cover six months of spending to cushion against unforeseen expenses.

    Asset Withdrawal – Planned. This is the amount you planned to withdraw this period