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Disclosures

The Retirement Builder is provided by Jellyfish Wealth to help you plan for and manage your income in retirement. It is designed for your use only and does not constitute financial, tax, or legal advice nor does it represent a professional or an advisory relationship with the user. It should not be construed as financial, tax, or legal advice or a recommendation to purchase any product or investment. This tool is for informational purposes and provides no guarantees as to current or future values or performance.

For users who wish to enlist the services of Jellyfish Wealth for additional financial, legal, or tax advice or services, please contact us. Users may select from a variety of financial services available from Jellyfish Wealth and its network of financial professionals. All services, fees, limitations, and restrictions will be provided in writing to users and are not effective until all terms and conditions of engagement have been completed in writing.

Assumptions

This tool is intended to provide you with an analysis of your potential income in retirement. It is based on the data and assumptions provided by you. The outcome of this analysis is dependent upon the accuracy of the data and reasonableness of your assumptions. Assumed rates of return or interest crediting may be either entered by you or may reflect other returns as noted. The use of any past performance for this analysis is intended for illustrative purposes only and may not be used to predict or project future performance. The hypothetical retirement income values are not guaranteed unless otherwise stated.

Your actual results will vary due to a number of factors, including, but not limited to, market conditions, changes in interest rates, assumed rates of return, product fees and charges, taxes, or inflation.

This should not be considered a substitute for a product or investment illustration of values or performance. Refer to the material from the issuing company for more detailed product information, including potential product guarantees.

Product features, limitations, fees, and availability may vary by state.

Values Contained in this Report

The values in this report are hypothetical in nature and may not reflect the deduction of all fees and charges or income taxes applicable to insurance or investment products. If included, the values shown would be reduced. The information contained in this report is not representative of the actual performance of any specific investment or product. Your results will vary.

Risk

Investment products are not FDIC insured, not guaranteed, and are subject to risk including possible loss of principal.

Annuity and insurance product rates, guarantees, and death benefits are backed by the financial strength and claims-paying ability of the issuing company. Variable annuities typically have allocations to variable subaccounts that are separate from the insurance guarantees and the performance of the product is based on market performance that is subject to market risk and volatility commensurate with the underlying investment. As such variable annuities are securities and the investment risk is borne by the client and not the issuing insurance company.

A fixed annuity is an insurance product intended to provide for retirement and other long-term financial needs. Life insurance involves fees and charges, including surrender penalties for early withdrawals. It requires medical and potentially financial underwriting to qualify. Loans and partial withdrawals will decrease the death benefit and cash value and could cause the policy to lapse or require additional premiums to remain in force.

Any withdrawals taken from qualified accounts (including an annuity within a qualified plan) prior to age 59-1/2 may be subject to a 10% federal additional penalty in addition to ordinary income taxes. There is no additional tax-deferral benefit derived from placing IRA or other tax-qualified funds into an annuity. Features other than tax deferral should be considered in the purchase of a qualified annuity.

IMPORTANT: While some of these hypothetical scenarios may utilize past performance data or projected future returns, your actual future results will be different, either better or worse, so these results should not form the sole basis of your retirement income strategy. There may be other products that are not considered in the methodology that can be just as or more effective at addressing retirement risks and goals.

Tax and Legal Advice

Jellyfish Wealth does not provide tax or legal advice. The information contained in this report should be used for informational purposes only. The appropriate professionals should be consulted on all legal and accounting matters prior to or in conjunction with implementation of any strategy. Tax laws may change, which may affect the validity of these assumptions.

This material is not intended to be used, nor can it be used by any taxpayer, for the purpose of avoiding U.S. federal, state or local tax penalties. This material is written to support the promotion or marketing of the transaction(s) or matter(s) addressed by this material. Any taxpayer should seek advice based on the taxpayer’s particular circumstances from an independent tax advisor or attorney.

Definitions:

For the purpose of illustrating income, this tool assumes that income will be first withdrawn for income from consistent and often-guaranteed income sources including pensions, social security, annuity income payments, rental income and other like-income entered by you as Regular Monthly Income.

Gross Income – reflects total income taken from all sources and assets as appropriate to meet the chosen Net Income amount. 

Net Income – reflects Gross Income minus taxes at assumed tax rates entered by you and shown in Estimated Taxes column

Estimated Taxes – reflects taxes due that year at the tax rate entered by you on any taxable income or assets withdrawn

Income Streams – reflects the total amount withdrawn from Regular Monthly Income each year to help meet your desired net income needs.

Income From Assets – reflects the amount withdrawn from your non- Regular Monthly Income assets to make up any gaps between your desired net income needs and your Regular Monthly Income available. Assets are taken Projected Net Worth – reflects your projected total net worth.