RETIREMENTPLANNING TOOL DISCLOSURE

PLEASE REVIEW THE FOLLOWING FORIMPORTANT INFORMATION REGARDING ASSUMPTIONS, LIMITATIONS, AND RISKS ASSOCIATEDWITH USE OF THE RETIREMENT PLANNING TOOL.  

The Retirement Planning Tool is for educational use only. The projections or other informationgenerated by the Retirement Planning Tool regarding the likelihood of variousinvestment outcomes are hypothetical in nature, and do not reflect actualanticipated results. Keep in mind that investing involves risk. The value ofyour investments will fluctuate over time, and you may gain or losemoney.  Diversification and asset allocation do not ensure a profit orguarantee against loss.  

The primary objective of the Retirement Planning Tool isto help provide education on how retirement savings coupled with other sourcesof predictable income could affect the estimated amount of available assets andcomposition of income in retirement. Through the basic inputs, we gathergeneral information about a hypothetical scenario and roughly estimate how thatscenario may perform over time. The Retirement Planning Tool results are basedon the personal and financial information that you provide. We have noresponsibility to investigate the accuracy or completeness of such information.The Retirement Planning Tool will not consider any information requested of butnot furnished by you. You are responsible for providing true, accurate, andcomplete information. Assumptions are subject to change based on applicable lawor to reflect newly available data relevant to the calculations.

Your current balance, income, contribution level, andother assets all affect your potential success in reaching your retirementgoals. Generally, the Retirement Planning Tool finds the strategy with thelowest risk that results in having enough savings to match your expectedretirement expenses. The Retirement Planning Tool willrecommend a more aggressive investment strategy if a particular investmentstrategy is forecasted to fall short of your goal. 

The Retirement Planning Tool is not asubstitute for a retirement income plan. The Retirement Planning Tool resultsregarding hypothetical withdrawal amounts are determined by a set of growthrates for various time horizons. These rates have been generated throughsimulations based on historical market returns that a portfolio mightexperience, although the market's past performance does not predict how it willperform in the future. General descriptions of each of the five availableinvestment strategies appear below. Expenses are assumed to increase at anannual inflation rate of 2% based on the U.S. Federal Reserve’s targeted rateof inflation. The actual inflation rate for any given year could potentially bedrastically different than the targeted rate.

The Retirement Planning Tool does notsupport all types of income or assets. Income sources included in guaranteedincome may include Social Security and pensions. The Retirement Planning Toolassumes that these sources will continue at the specified level for theduration of the hypothetical plan. However, each source of income is subject tounique risks and limitations.  Outside assets receive a discountedrate of return due to the underlying assumption that they are notprofessionally managed.

TheRetirement Planning Tools uses risk and return rates in its calculations thatare provided by Wilshire Associates, LLC. Social Security bend points, maximumearnings, and life expectancy values are based on the information provided bythe Social Security Administration and set forth under the Social SecurityOASDI Trustee Report, as updated from time to time. When providing estimatesfor future social security benefits: (a) bend point values are used todetermine which social security tax rates are applied to the correlating earnedincome amounts; (b) maximum earnings values are used to determine the maximumamount of income that qualifies for social security taxation each year; and (c)life expectancy values are used to estimate participant life expectancy whencalculating future projections. Social Security benefits are subject to currentfederal law, which Congress has made changes to in the past and can do so atany time. The law governing Social Security benefit amounts may change because,in the future, the payroll taxes collected may not be enough to pay 100% ofscheduled benefits. Future Capital cannot guarantee any results shown in theseexamples. Visit www.ssa.gov for additional information on SocialSecurity benefits eligibility and rules. Pension payments are subject to thespecific structure of the pension and the claims-paying ability of theemployee’s employer, unless the employer has transferred the liability to athird-party insurance company. 

INVESTMENT STRATEGIES

Ingeneral, the investment lifecycle can be divided into one of two phases: theaccumulation phase and decumulation phase. The accumulation phase begins whenan investor enters the workforce, typically in one’s early 20s, and beginssaving and investing toward retirement. The accumulation phase ends and thedecumulation phase begins when one enters retirement, typically around age 65,thereafter the individual begins spending down their retirement savings. Duringthe accumulation phase, an investor is primarily concerned with capitalappreciation, whereby in the decumulation phase an investor is primarilyconcerned with retirement income and capital preservation. As you age, weadjust your portfolio creating a “glide path” that becomes more conservative asyou near retirement. Descriptions of each of the five available investmentstrategies are as follows: 

Conservative: This investment strategy seeks to minimize fluctuations inmarket values consistent with a below-average level of risk and takes anincome-oriented approach with some capital appreciation potential. Investorsshould expect low volatility and a below-average market return. 

ModerateConservative: This investmentstrategy seeks income and the potential for capital appreciation, with a slightpriority on income, consistent with a below-average level of risk. Investorsshould expect moderate fluctuations in market values.  

Moderate: This investment strategy seeks income and the potential forcapital appreciation with a slight priority on capital appreciation, consistentwith a moderate level of risk.  Investors should expect moderatefluctuations in market values. 

ModerateAggressive: This investmentstrategy seeks a preference for portfolio growth and income consistent with anabove-average level of risk.  Investors should expect more significantfluctuations in market values. 

Aggressive: This investment strategy seeks aggressive growth through adiversified asset allocation strategy consistent with an above-average level ofrisk. Investors should expect wide fluctuations in market value, especiallyover the short term. 

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