Personal Financial Planning: A Practical Framework from Revolutionary Wealth

Key Takeaways

• A comprehensive personal financial plan must integrate investments, tax strategy, and estate/legacy planning—especially for pre-retirees, retirees, and business owners facing complex decisions.

• Creating a comprehensive personal financial plan requires assessing your current financial health and setting specific goals.

• Revolutionary Wealthmanages over $100 million directly and advises on more than $500 million annually, delivering full-scope planning—including taxes and estate coordination—at roughly 49% less cost than a typical advisor relationship. Working with a qualified financial planner can help ensure your plan is thorough and tailored to your needs.

• Our process uses advanced technology—cash-flow modeling, tax projections, Social Security and RMD optimizers, and business-exit tools—to stress-test decisions before you act.

• Standard “5-step” plans from big-box firms focus on budgets and investments while ignoring the tax drag and estate gaps that can cost six figures over a lifetime.

• The rest of this article walks through our framework step by step, ending with an invitation tobook time with our teamto begin building your personalized plan.

What Is Personal Financial Planning Today? (Beyond a Simple 5-Step Plan)

Traditional financial guides tell you to budget, save, invest, and review. That advice works fine for someone just starting their career. But for high-income pre-retirees, retirees, and business owners, a simple checklist leaves critical gaps that can cost hundreds of thousands of dollars in unnecessary taxes and missed legacy opportunities.

Modern personal financial planning must connect cash flow, investments, taxes, retirement income timing, business exit strategy, and estate goals into one coordinated strategy. When these pieces operate in silos—your CPA handling taxes, your broker handling investments, your attorney handling documents—no one sees the full picture, and opportunities slip through.

Professional education and credentials play a crucial role in elevating the standards of personal financial planning. Earning a certificate, such as the CFP Board registered certificate in personal financial planning offered by UCLA Extension, demonstrates a commitment to expertise and ethical practice. This program, which can be completed fully online, is designed for both current financial professionals and those new to the field. Courses in the program cover key areas like investments, insurance, retirement planning, and ethics, providing the foundational knowledge needed to prepare for the Certified Financial Planner (CFP) certification examination. Expanding your knowledge through such education, and utilizing financial research, helps ensure you make informed decisions and stay current with best practices in the field.

Revolutionary Wealth’s approach is designed specifically for people typically aged 59–67 and business owners earning $500,000 or more annually who face complex decisions. We act as an independent fiduciary advisor, not tied to proprietary products, and leverage the Lion Street network for advanced planning resources.

The rest of this article walks through our framework step by step, showing how it differs from one-size-fits-all plans that overlook taxes and estate planning entirely.

Step 1: Clarify Life Goals and Financial Priorities

All planning begins with why money matters to you—lifestyle, family, legacy, and business outcomes—not just chasing rates of return. Before we open a single account statement, we need to understand what you’re actually trying to accomplish.

Examples of financial goals for pre-retirees and retirees:

• Retiring at a specific age (62, 65, or 67)

• Maintaining a set after-tax monthly income inretirement

• Funding grandchildren’s education

• Downsizing a home in a particular year

• Traveling extensively in the first decade of retirement

Short-term goals may include building an emergency fund, while long-term goals can involve retirement planning.

Examples of goals for business owners:

• Selling or transitioning a company by a target date

• Extracting value tax-efficiently before and during an exit

• Reducing dependence on the business for retirement income

• Creating a succession plan that protects employees and family

We translate qualitative goals into concrete numbers: a target retirement income (for example, $240,000 per year after tax), time horizons (5, 10, 20+ years), and legacy amounts you want to leave to heirs or charitable causes. Using specific, measurable, achievable, relevant, and time-bound (SMART) criteria helps in setting financial goals. The more specific your financial goals are, the easier it is to measure your progress toward them. This clarity becomes the foundation for every subsequent decision. Regularly reviewing your plan ensures you can adjust for other goals that may arise as your life circumstances change.

How Revolutionary Wealth Structures Goals Differently

Instead of the generic “short term goals vs. long term goals” framework, we categorize goals by priority:

• Lifestyle essentials: Non-negotiable expenses that must be covered regardless of market conditions

• Lifestyle upgrades: Nice-to-have spending that can flex if needed

• Legacy and impact: Gifts to children, grandchildren, charities, or causes that matter to you

Here’s a quick example: a couple might identify essential spending at $12,000 per month, lifestyle upgrades at $3,000 per month, and a legacy target of $1.5 million to children or charitable causes by age 90.

We use planning software to tie each goal to actual cash flows, taxes, and investment accounts. Clients see in charts whether their goals are funded, underfunded, or at risk. This deeper structure allows better decision-making when trade-offs are necessary—for instance, retiring at 62 with fewer upgrades versus working until 67 with more money for travel and gifting.

Step 2: Build a Detailed Picture of Your Financial Life

Accurate data is the foundation of any serious plan. We need a complete picture of your assets, liabilities, income, expenses, insurance, and business value before modeling your future.

What we gather:

• Investment accounts and retirement plan statements (401(k), IRA, Roth, brokerage)

• Bank and savings account balances

• Debt schedules (mortgages, HELOCs, business loans, credit cards) — The average American household carries over $104,000 in debt, including mortgages and credit cards.

• Insurance policies (life, disability insurance, long-term care, property)

• Business valuations or estimates

• Legal documents (wills, trusts, powers of attorney, buy-sell agreements)

After gathering liabilities, it's important to regularly review your credit health, as it impacts the interest rates you receive for major purchases. Debt impacts credit scores, and a higher credit score generally results in lower interest rates on big ticket items like homes and cars.

Many advisors stop at a quick net worth snapshot—assets minus liabilities equals a single number. Our approach goes deeper, mapping cash flow and balance sheet changes year by year over a 20–30 year horizon. This reveals patterns that a static snapshot misses.

When discussing budgeting and cash flow, a budget can help you determine where your money is going each month and where you can cut back to meet your goals and make ends meet.

Revolutionary Wealth uses secure aggregation technology and client portals to pull in live account values and categorize spending, reducing manual tracking. We pay particular attention to account tax character—pre-tax, Roth, taxable, annuity, cash value in insurance—because it drives your future tax strategy.

Income, Expenses, and Debt: Understanding Your Cash Flow

We separate income into three categories:

1. Current earned income: Salaries, business distributions, consulting fees

2. Portfolio income: Interest, dividends, capital gains

3. Future income: Social Security, pensions, Required Minimum Distributions (RMDs), annuity payouts

Expenses get divided into fixed expenses (housing, insurance, utilities) and discretionary spending (travel, dining, gifting). We use realistic monthly numbers specific to your household, not national averages.

Debt matters too. We prioritize high-interest or non-deductible debt in the plan, identifying which balances to pay down first and which can be carried strategically. Our software creates a year-by-year cash-flow projection, not just a single static budget that becomes outdated in months.

Business Owners: Personal and Business Finances Intertwined

For business owners earning $500,000 or more annually, we analyze both personal and business cash flows, including salary, distributions, retained earnings, and owner perks like vehicles or health insurance.

We incorporate a preliminary business valuation—even if informal—and estimate sale proceeds and potential capital-gains taxes in a future exit year. For example, if you’re planning to sell at age 63 or 65, we model what that liquidity event means for your retirement savings and income.

Decisions like adding a defined benefit plan or cash balance plan can shift taxable income and accelerate retirement contributions significantly. Our framework treats the business as an asset class and a future liquidity event, not just another line item on a balance sheet.

Building an Emergency Fund: Your First Line of Defense

An emergency fund is the cornerstone of any resilient financial plan. Life is unpredictable—unexpected expenses like medical bills, car repairs, or sudden job loss can arise at any time. Having a dedicated emergency fund ensures you have quick access to money when you need it most, helping you avoid high-interest debt and keeping your long-term financial goals on track.

To get started, aim to save between three and six months’ worth of living expenses in a separate, easily accessible savings account. This amount provides a buffer that can help you cover essential costs—such as housing, utilities, groceries, and insurance—without derailing your financial situation. Review your budget to determine how much you can realistically set aside each month, and consider setting up automatic transfers from your checking account to your emergency fund. Automating your savings makes it easier to stay consistent and less likely to skip a month.

It’s important to keep your emergency fund liquid, meaning you can access the money quickly if needed. Avoid investing these funds in assets that fluctuate in value or are difficult to withdraw from on short notice. Keep your emergency savings separate from your everyday spending money to reduce the temptation to dip into it for non-emergencies.

As your life and financial situation evolve, make it a habit to review your emergency fund regularly. Adjust the target amount as your expenses, income, or family circumstances change. By maintaining a well-funded emergency reserve, you’ll have greater peace of mind and a stronger foundation for the rest of your financial plan.

Step 3: Design a Coordinated Tax Strategy (The Missing Piece in Most Plans)

Taxes are often the largest lifetime expense for high-income households, yet many standard financial plans focus almost exclusively on investments. A portfolio earning 7% means less if you’re paying 30% or more to the federal government agency collecting taxes.

Revolutionary Wealth integrates tax planning as a core component. We project lifetime taxes, not just this year’s refund or balance due. While many competitors state they “do not provide tax advice,” our framework collaborates with CPAs and uses tax-focused planning tools to coordinate strategies across years and accounts.

We regularly model multi-year strategies—learn more in ourResource Center.

• Roth conversions in lower-income years

• Capital-gain harvesting before rates change

• Charitable giving timed for maximum deduction

• Business exit timing to manage tax brackets

Example: A married couple age 60 currently in the 24% bracket might convert pre-tax IRA dollars to a Roth before RMDs begin at age 73. This strategy can lower future RMDs, reduce Medicare surcharges (IRMAA), and create tax-free income for heirs. We’ve seen clients preserve 20–40% more after-tax wealth over a lifetime through disciplined conversion strategies.

Tax Buckets and Account Location

Your accounts fall into three main “tax buckets”:

We decide which accounts to draw from in which years to keep you in optimal tax brackets. In early retirement (ages 62–70), blending Roth and taxable withdrawals can fill lower brackets while letting tax-deferred accounts continue growing.

Our technology simulates “what if” scenarios: no Roth conversions versus steady annual conversions, or selling a business in 2028 versus 2030. This approach often reduces a client’s lifetime tax bill by six figures—which can matter more than chasing an extra 1% investment return.

RMDs, Social Security, and Annuities

Required Minimum Distributions begin at age 73 under current law and can create unwanted taxable income precisely when you’d prefer lower brackets. We coordinate Social Security claiming decisions (age 62, full retirement age, or 70) with RMDs and other income sources to manage both taxes and longevity risk.

Fixed indexed annuities and income annuities are not default products in our plans. We evaluate them as tools that can create guaranteed income floors or help manage sequence-of-returns risk when appropriate for your financial situation.

These strategies are modeled numerically in planning software, showing side-by-side comparisons so you’re not guessing. You’ll see exactly how delaying Social Security to 70 affects your tax bracket at 75, or how an annuity payment stream changes your risk tolerance requirements.

Step 4: Build and Protect Your Retirement Income Plan

The goal is reliable, after-tax income for life—not just accumulating a large account balance that looks impressive on a statement but creates tax headaches in practice.

Our retirement income plans typically combine:

• Withdrawals from investment portfolios

• Annuity income where suitable

• Pensions (if available)

• Social Security benefits

• Business-exit proceeds (for owners)

We intentionally separate “essential income” covering non-negotiable expenses from “variable income” for travel, hobbies, or gifting. This structure means a market downturn doesn’t threaten your ability to pay the mortgage or cover health care decisions.

We run stress tests against scenarios like a 2008-style market crash in the first five to ten years of retirement. This is when sequence-of-returns risk is highest—taking withdrawals during a down market can permanently damage a portfolio’s longevity. Our models show whether your income holds up or if adjustments are needed.

This contrasts sharply with simplistic “4% rule” investment advice. Tax-efficient withdrawal order and income smoothing can be far more precise than a static percentage.

Investment Strategy Aligned with Real-Life Cash Needs

We organize investments into time-segmented allocations matched to actual spending timelines:

• Near-term safety assets(0–3 years): Covers immediate income needs; less exposure to market volatility

• Medium-term income(3–10 years): Balanced allocation generating steady returns

• Long-term growth(10+ years): Positioned for appreciation; time to recover from downturns

Asset allocation decisions—stocks, bonds, alternatives, fixed income securities, annuities—are made in the context of required cash flows, risk tolerance, and business-owner exposure. We use technology to monitor portfolios, rebalance, and check if risk levels still align with the plan rather than simply chasing performance benchmarks.

For business owners, we also consider concentration risk. If most of your net worth is tied to one company or industry, we design investment strategies to diversify over time, especially as an exit approaches.

Insurance and Risk Management

Life insurance, disability coverage (for those still working), and long-term care planning protect the income plan from unexpected shocks.

We review existing insurance products to avoid both underinsurance and paying for unnecessary coverage. The question isn’t “do you have insurance?” but “does your coverage align with what’s actually needed to protect income and legacy goals?”

Long-term care risk gets evaluated using cost estimates for your specific state or city. We model different funding options: traditional insurance, self-funding from assets, or hybrid policies that combine life insurance with care benefits.

This is a key differentiator from generic “budget and invest” plans that rarely quantify the financial impact of health and care risks late in life.

Step 5: Coordinate Estate and Legacy Planning

Many people assume estate planning is only for the ultra-wealthy. In reality, anyone with assets, a family, or a business needs a plan. Without one, your heirs face probate delays, unexpected taxes, and potentially bitter disputes.

Core documents everyone needs:

• Will

• Revocable living trust (in many situations)

• Financial power of attorney

• Healthcare power of attorney

• Beneficiary designations for retirement accounts and insurance policies

Revolutionary Wealth’s framework weaves estate planning into tax and cash-flow modeling rather than treating it as a separate legal exercise handled in isolation. We work in concert with estate attorneys to implement strategies like trusts, gifting plans, and charitable vehicles when appropriate.

Business owners often need coordinated succession documents—buy-sell agreements, key person coverage—that tie into their personal retirement plan and legacy goals. Selling a business without this coordination can result in unexpected tax bills and family conflict.

Legacy, Gifting, and Charitable Strategies

We help clients decide how much they can afford to give during their lifetime—to children, grandchildren, or charities—without jeopardizing their own financial security.

Tools we evaluate:

• Donor-advised funds for flexible charitable giving

• Qualified charitable distributions (QCDs) from IRAs after age 70½ (up to $105,000 per year in 2024, adjusted for inflation)

• Structured gifting to heirs over multiple years to maximize annual exclusions

• Irrevocable trusts for estate tax mitigation

We use planning tools to show side-by-side scenarios: no lifetime gifting versus systematic gifting, including tax impacts and projected portfolio balances at various ages. This allows clients to make intentional decisions about impact and legacy instead of leaving it to chance or last-minute estate documents.

Technology and Tools Behind the Revolutionary Wealth Plan

Our ability to deliver comprehensive planning at approximately 49% less cost than a typical full-service financial advisor is powered by technology and process, not by cutting corners on advice quality.

Tools we leverage:

• Integrated planning software for retirement and cash-flow projections

• Tax-projection engines scanning current tax law

• Social Security and RMD optimizers

• Business-exit modeling tools

• Secure client portals with live account aggregation

• Monte Carlo simulations running thousands of market scenarios

These tools allow us to run multiple “what if” scenarios quickly: retiring earlier or later, selling a business in different tax years, changing Roth conversion amounts, or adjusting spending assumptions. What once took weeks of manual financial analysis now happens in hours.

Clients typically see their plan through interactive dashboards and visual reports—not just static PDFs—so they can understand trade-offs clearly. You can see what happens to your retirement savings if interest rates rise, or how your financial journey changes if you delay an exit by two years.

Combined with our experience and the Lion Street network, this technology lets us offer institutional-quality planning without institutional pricing.

What Makes Revolutionary Wealth Different from Standard Financial Advisors

The common industry model charges asset-based fees (often 1% or more annually) primarily for investment management, with planning treated as an afterthought. Many advisors build a portfolio and offer generic retirement projections, but they leave taxes and estate coordination to other professionals—if they’re addressed at all.

How Revolutionary Wealth differs:

1. Integrated tax planning: We project lifetime taxes and design withdrawal strategies, Roth conversions, and business-exit timing to minimize your tax burden—not just this year, but over decades.

2. Estate and legacy coordination: Your beneficiary designations, trust structures, and gifting strategies are built into the same model as your retirement income plan.

3. Specialized expertise: We focus on pre-retirees, retirees, and high-income business owners. This isn’t one-size-fits-all advice; it’s tailored for people with $500,000+ income and complex decisions.

4. Defined benefit and cash balance plan experience: For business owners, we design retirement plans that can save significant tax while accelerating savings—tools many generalist advisors don’t understand.

5. Transparent pricing at ~49% lower cost: Our process delivers comprehensive planning without the fee layers typical of traditional advisory relationships.

Standard Plan: Budget + Investments OnlyFocuses on asset allocation and basic retirement projections. Taxes are someone else’s problem. Estate planning gets a single line: “consult your attorney.”

Revolutionary Wealth Plan: Taxes + Income + Estate + Business + InvestmentsEvery element is modeled together. We show how a Roth conversion affects your estate, how your business exit changes Medicare premiums, and how your withdrawal order affects heirs. The financial professional coordinating your plan sees the full picture.

Step 6: Ongoing Monitoring, Adjustments, and Client Education

A financial plan is a living document—especially for people approaching or in retirement, where laws, markets, and personal circumstances can change rapidly. A plan built today and never updated becomes outdated within months.

We set expectations for regular reviews:

• At least annually, often semi-annually

• Additional check-ins around key events: retirement date, business sale, inheritance, major health changes, tax law shifts

Each review includes updates to projections, tax strategy, asset allocation, and estate/beneficiary details as needed. Markets move, life stages change, and your plan adapts.

Education is central to our approach. We help clients understand concepts like sequence-of-returns risk, Roth conversion windows, RMD planning, and behavioral traps. Our goal is confidence, not dependence. You should understand why we recommend a specific savings strategy or withdrawal order—not just follow instructions blindly.

For pre-retirees and retirees, this reduces financial stress. For business owners, it creates clarity about the path from work to financial independence. An investor who understands their plan makes better decisions when markets get volatile.

Net Worth: Tracking Your Progress Over Time

Knowing your net worth is a powerful way to measure your financial progress and make informed decisions about your financial plan. Your net worth represents the difference between what you own (assets) and what you owe (liabilities), providing a clear snapshot of your overall financial situation.

To calculate your net worth, start by listing all your assets—this includes the balances in your savings accounts, investment accounts, retirement plans, real estate, and any valuable personal property. Next, total up your liabilities, such as credit card debt, mortgages, student loans, and any other outstanding obligations. Subtract your total liabilities from your total assets to arrive at your net worth.

Regularly tracking your net worth helps you see how your financial situation is changing over time. It can highlight progress toward your financial goals, such as saving for retirement, building a down payment for a home, or reducing debt. Monitoring your net worth also helps you identify areas for improvement, like paying down high-interest debt or increasing your savings rate.

A financial advisor can be an invaluable resource in this process, offering personalized strategies to help you grow your assets, manage debt, and optimize your investment accounts. By reviewing your net worth periodically—at least once or twice a year—you can stay motivated, make adjustments to your financial plan, and ensure you’re on track to achieve your long-term financial goals.

How to Get Started with Your Personal Financial Plan

Tax windows close. Markets move. Business opportunities evolve. Waiting to create a coordinated plan means missing chances to save on taxes, optimize income, and protect your legacy.

Before meeting with us, gather:

• Recent investment and retirement account statements

• Last two years’ tax returns

• Basic list of debts (mortgages, loans, credit cards)

• Rough idea of retirement or exit timing

• Any existing wills, trusts, or insurance policies

Our initial conversation focuses on understanding your goals, concerns, and complexity—retirement timing, business ownership, marital status, heirs—rather than selling products. We want to understand your life before we discuss investment advice or specific tools.

From there, we outline a customized planning engagement that includes tax, retirement income, and estate modeling specific to your current financial situation. Our pricing is designed to deliver comprehensive planning—including technology and ongoing support—at around 49% less than the cost structure of many traditional advisors who charge primarily for investment management alone.

Schedule a Time with Revolutionary Wealth

Whether you’re 5–10 years from retirement, already retired, or planning a business exit in the next 3–7 years, now is the right time to design a coordinated plan.

What you’ll gain from working with us:

• Integrated tax strategy that can save six figures over your lifetime

• Retirement income clarity so you know exactly what you can spend

• Business-exit planning aligned with your personal financial goals

• Estate and legacy coordination that protects your heirs

• Advanced technology and ongoing support at approximately 49% lower cost than typical full-service advisory relationships

Take the next step:Click to schedule a consultation, call our team directly, or complete the short form on our website. We’ll start with a conversation about your goals—no pressure, no product pitch.

Stop wondering whether your money is working as hard as it could be. A clear, actionable roadmap for the next 20–30 years of your financial life is within reach. Revolutionary Wealth is ready to help you build it.

FAQ: Personal Financial Planning with Revolutionary Wealth

Do I need a financial plan if I already have significant savings and investments?

Substantial savings or a large portfolio does not guarantee an efficient or secure retirement. Without coordinated planning, taxes, RMDs, and health care costs can erode wealth faster than expected. Our planning helps align assets with specific goals, coordinate tax strategy across accounts, and protect against risks like market downturns and long-term care needs. Many of our clients come to us after years of successful saving but without a cohesive tax, withdrawal, and estate strategy. Having more money actually increases the complexity—and the potential cost of mistakes.

How is your fee structure about 49% less than a typical advisor relationship?

We leverage technology, streamlined processes, and a planning-first model to avoid layering on high asset-based or product-driven charges. While traditional advisors may charge around 1% or more of assets annually—primarily for investment management—our approach focuses on holistic planning at a lower all-in cost. For example, a client with a $1 million portfolio might pay $10,000 annually to a traditional advisor charging 1% AUM; our comprehensive planning model delivers tax, estate, and investment coordination for significantly less. Exact fees depend on complexity (assets, entities, business ownership), and we encourage you to ask for a transparent quote during your initial call.

Can you work with my existing CPA, attorney, or investment accounts?

Absolutely. We regularly collaborate with clients’ CPAs and estate attorneys to align tax and legal strategies with the financial plan. We can often integrate and advise on existing investment accounts and retirement plans rather than requiring everything to be moved. This collaborative approach helps avoid the common “silo” problem where tax, legal, and investment decisions are made in isolation, costing you opportunities and creating gaps in your plan.

When should a business owner start planning an exit?

Many business owners benefit from starting exit planning 3–7 years before a desired sale or transition date. This lead time allows for improving business valuation, optimizing tax outcomes through strategies like qualified small business stock (QSBS) exclusions, structuring retirement plans like defined benefit or cash balance plans, and aligning personal financial goals with the timing of liquidity. Our framework includes modeling different exit dates and structures so owners can see the long-term impact on their personal retirement and legacy plan before making irreversible decisions.

What if I’m already retired—did I miss my chance to plan?

Planning is still valuable even after retirement. There are often opportunities to improve tax efficiency, optimize withdrawal strategies, adjust investment risk, and update estate documents. We can evaluate Roth conversions, RMD strategies, qualified charitable distributions, and annuity options where appropriate—even if the retirement date has passed. Consider that retirement can last 20–30 years or more. A plan created today can still add meaningful value, helping you access your money more efficiently and leaving more to the people and causes you care about.

Disclosures:

This blog contains general information that may not be suitable for everyone. The information contained herein should not be construed as personalized investment advice. There is no guarantee that the views and opinions expressed in this blog will come to pass. Investing in the stock market involves gains and losses and may not be suitable for all investors. Information presented herein is subject to change without notice and should not be considered as a solicitation to buy or sell any security. Revolutionary Wealth LLC does not offer legal or tax advice. Please consult the appropriate professional regarding your individual circumstance.Past performance is no guarantee of future results.

Not associated with or endorsed by the Social Security Administration, Medicare or any other government agency.

Maximizing your Social Security Benefits assumes foreknowledge of your date of death. If as an example you wait to claim a higher monthly benefit amount but predecease your average life expectancy, it would have been better to claim your benefits at an earlier age with reduced benefits.

Converting an employer plan account or Traditional IRA to a Roth IRA is a taxable event. Increased taxable income from the Roth IRA conversion may have several consequences including but not limited to, a need for additional tax withholding or estimated tax payments, the loss of certain tax deductions and credits, and higher taxes on Social Security benefits and higher Medicare premiums. Be sure to consult with a qualified tax advisor before making any decisions regarding your IRA.

Fixed Annuities are long term insurance contracts and there is a surrender charge imposed generally during the first 5 to 7 years that you own the annuity contract. Indexed annuities are insurance contracts that, depending on the contract, may offer a guaranteed annual interest rate and some participation growth, if any, of a stock market index. Such contracts have substantial variation in terms, costs of guarantees and features and may cap participation or returns in significant ways. Investors are cautioned to carefully review an indexed annuity for its features, costs, risks, and how the variables are calculated. Any guarantees offered are backed by the financial strength of the insurance company. Surrender charges apply if not held to the end of the term. Withdrawals are taxed as ordinary income and, if taken prior to 59 ½, a 10% federal tax penalty.

The projections or other information generated by Monte Carlo analysis tools regarding the likelihood of various investment outcomes are hypothetical in nature, are based on assumptions that you provide which could prove to be inaccurate over time, do not reflect actual investment results, and are not guarantees of future results. Results may vary with each use and over time.