Questions and Answers about the RetireKit-PPA

Q. What happens to the information that I supply?

A. All this information is held in the strictest confidence and is used only in constructing your RetireKit. We are regulated by SEC Rules and Regulations require that this information will not be made available to any third party businesses, organizations, or individuals.

 

Q. How much does the Retirekit cost?

A. The Retirekit is available at no charge. You might expect to pay from $500 to $700 for a tax planner or CPA to prepare a comparable analysis, but we offer this service on a complimentary basis with no obligation on your part.



Q. How do I have my RetireKit constructed?

A. You can click here or call 1-800-900-5867. If you need assistance one of our retirement professionals can assist you by calling 800-900-5867. Finally, we will schedule a time for you to come in for a complimentary one hour consultation where one of our Certified Lump Sum Specialists will review your RetireKit with you and answer any questions you may have.



Q. What pension option should I take?

A. Whether you choose the lump sum option or an annuity option, the RetireKit will show the costs and benefits associated with each option. The RetireKit takes into account your current and future financial situation and will make suggestions that are most appropriate for you.



Q. Is the RetireKit just a "canned" one page Pension Calculation?

A. No. The RetireKit is a personalized detailed analysis using the information that you provide or estimatations about your particular situation. It takes into account a pension estimate, other assets and income sources you will have at retirement, and our recommendations to support your transition or retirement lifestyle.

 

Q. Should I buy life insurance?

A. The RetireKit will illustrate your future needs during retirement and if life insurance is a viable option for you.



Q. Do you discuss fees in advance?

A. Yes. We go into complete detail on the various fee structures, and you can choose between two different fee options. The first is a fee based program which is as low as 1% per year. The second is commission based and we are paid when you purchase products through us. Each option has its pros and cons and we will cover that in our intial
meeting.



Q. What options are open to me if I want to make a pre - 59 1/2 IRA distribution under Rule 72t?

A. There are three options open to you if you want to avoid the 10% early withdrawal penalty: Life Expectancy or Joint Life Expectancy Method, Amortization over Life Expectancy or Joint Life Expectancy, or the Annuity Form. The RetireKit will calculate the outcome of the
various methods and advise you on how much you can withdraw and how to file with the IRS.