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(with Complimentary Buffet)

The World Trade Council (WTC), in conjunction with recognized experts in the field of Retirement Planning, offers seminars/workshops for organizations and the public alike.  They are offered throughout the Chicagoland area.  The seminars are typically held at local hotels and/or educational institutions.  Retirement associations often schedule a customized presentation to be held at their meetings:–luncheons and otherwise.  Educational institutions can schedule an on-campus or off-campus presentation.  Such presentations have been sponsored by the Faculty Association officers and/or by the administrative staff.  In some instances, a customized presentation has been included as part of the in-service training workshop.

To request a list of seminars schedule for your area (or to enroll in a seminar):

Call 312-566-5400 or Email

Seminar Outline

The seminar outline, which can be customized to meet the particular needs of a particular group, includes, but is not limited to:

Investment Planning

Many retirees will fail in their goal to maintain their lifestyle throughout their retirement years.  The flaw is not that they had failed to save enough money for their retirement…the flaw is in how they had invested their money.  A successful retirement will depend upon a successful investment plan that addresses the cost-of-living increases that will impact upon your later retirement years.  Simply put, it is the failure to make the transition from “saving for one’s retirement” to “investing for one’s retirement.”

Rollover IRA

The law permits you to rollover, tax-free, your 401(k) and/or 403(b)/TSA (Tax Shelter Annuity) into a self-directed/professionally guided IRA.  Most retirees will be unable to meet their investment goals by rolling over their retirement nest-eggs into CDs, money markets, etc.  Retirees with 401(k)s and 403(b)TSAs are limited in their investment horizon to the investment funds contained in those plans.  Meanwhile, a tax-free rollover into a self-directed/professionally guided IRA enables you (and your financial advisor) to select, from a universe of investments, a diversified investment portfolio that can allow you to accomplish your financial goals.  A professionally guided rollover IRA enables you to employ Modern Portfolio Theory (MPT).  MPT is an investment strategy designed  to minimize risks and maximize gains by reducing investment positions in overvalued sectors of the market in favor of increasing investments in those sectors of the market that are undervalued.  A meaningful and time-proven strategy that should be employed in today’s volatile economic cycles.

Roth IRAs

With few exceptions, distributions from traditional IRAs are taxable as ordinary income. Distributions from Roth IRAs, on the other hand, are income tax-free…to both you and your heirs.  Elsewhere in this newsletter is a thorough discussion on the conversion of your traditional IRA (401k, 403b, etc.) into a Roth IRA. In our February 2013 newsletter is a more comprehensive explanation of Roth IRAs. Titled: Roth: To Convert or Not to Convert

Call 312-566-5400 or Email

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This roadmap attempts to identify and address those retirement planning issues, both recognized and unrecognized, that will impact upon your current and future retirement years. They include Financial as well as Estate Planning.

Your retirement planning roadmap begins with an understanding of how much money you will need to maintain your lifestyle throughout your retirement years…and where will the money that is needed to sustain that lifestyle come from each and every year.   The error made by most retirees is that their retirement planning vision goes no further than their initial retirement years.

The Rule of 72

The rule of 72 is a fundamental tool in retirement planning.  It enables you to determine the impact of inflation on your future retirement years.  In short, it helps you to approximately how much additional money you will need to sustain your lifestyle, given an assumed rate of inflation, during your future retirement years.

Example:  Given an average rate of inflation of 6%, the cost-of-living will double every 12 years.  (Dividing the # 72 by the 6% rate of inflation = 12 years.)
Summary:  If it initially costs you $5,000 per month to maintain your lifestyle, given a rate of inflation of 6% per year, in twelve years, it will cost $10,000 per month to purchase those same goods and services that cost only $5,000 when you first retired.  After 24 years, your cost-of-living will double once again.  It will cost $20,000 per month to purchase those same goods and services that, when you first retired, cost only $5,000 per month.  If you retired at age 55, the cost of maintaining your lifestyle would quadruple (from $5,000 to $20,000) when only two-thirds of the way through your retirement (age79).

Life expectancy

For two people age 65, the actuarial odds are even money that one will live to age 96.  This suggests that the surviving spouse may have to cope with thirty-one (31) years of inflation.  At a 6% rate of inflation, goods and services that once cost $5,000 per month will eventually cost $30,000 per month.

Surviving Spouse

Another error committed by many retirees is their failure to plan for the surviving spouse.  Arguably, it costs just as much money to support the lifestyle of a widow or widower as it did to support the lifestyle of both people:– real estate taxes remain the same, the thermostat does not drop down from 72 degrees to 36 degrees, transportation costs remain the same or escalate, food costs may actually escalate, etc., etc., etc.  Adding to the financial stress, medical and long-term care costs may have decimated the shared retirement nest-egg.

The financial losses to the surviving spouse include, but are not limited to:– loss of all or part of the company pension of the deceased spouse plus the loss of all or part of the social security pension.  In many cases, the financial losses are such that the surviving spouse must drastically reduce their lifestyle.  Further adding to the dilemma of the surviving spouse in the social security threshold rule and the two-thirds social security offset rule that impacts upon educators and other government workers.  (CLICK HERE for Social Security Offset Rule for Educators and Government Employees, which is discussed in the section titled: Retirement Planning Issues for Educators.)

Durable Power of Attorney (DPOA)

Most retirees have a will or a trust that protects their interests in the event of their death.  Few, however, recognized the need for a Durable Power of Attorney (DPOA), which provides for their interests in the event they become incapacitated and may not be able to manage their own affairs.  Failure to formally and legally designate a guardian in a  Durable Power of Attorney ( not just a Power of Attorney, but a Durable Power of Attorney), can have dire financial consequences for both you and your heirs.   (CLICK HERE.)

“Long Term Care (LTC)

We remind you that it is estimated that two out of every three retirees will require long term care.  One important and viable option that has evolved is the use of life insurance and annuities that can double, when required, as LTC insurance.  We highly recommend that approach in addressing the LTC needs.  It is an inexpensive way to meet your LTC needs while, at the same time, addressing those future income needs that may impact both you and, where appropriate, the surviving spouse.  If you wish additional information on how to upgrade your current annuity to take advantage of the new annuities and/or life insurance products that provide for Long Term Care needs, contact:

Call 312-566-5400 or Email

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Sample Retirement Analysis

All of the above is factored into a simple, easy to understand, Retirement Analysis.  Attached, or soon to be attached, is a sample Retirement Analysis.  This one page analysis, in the form of a Retirement Income Time Line (RITL), identifies:

*The amount of money you will need each and every year of your
retirement…factoring a 5% rate of inflation.

*Where that money will come from:  pension(s), social security, etc.

*Impact on the surviving spouse.
If unable to pull up the Sample Retirement Analysis, contact:

Call 312-566-5400 or Email

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Retirement Planning Questionnaire (RPQ)

Click here for your RPQ

To receive your personal retirement Analysis, complete this one page Retirement Planning Questionnaire. The RPQ has been simplified, requiring only a few minutes to complete and submit.  You need only approximate your answers to the best of your recollection.  You need not try to compute your most detailed expenses for this initial draft.

As an example: The amount of your take-home pay spent to maintain your current lifestyle is what will likely cost you to maintain your lifestyle even during your retirement years. When necessary, approximate income, value, costs, etc.
You should receive the first draft of your one page Retirement Analysis within a week.  Upon receipt, you can then modify and correct the information you had originally submitted.  It will only require a day or two to send the corrected RPQ to you.



Because of the complexities involved in retirement planning for educators and other government employees, we have this special section.  These retirement issues, impacting only a special segment of the population, often go unrecognized or are inadequately addressed.  As an example: Educators who may be eligible to receive monthly social security benefits, as the spouse of a social security recipient, are subjected to the two-thirds offset rule.  Their spousal benefits will be reduced by two-thirds of their teacher’s pension.  Therefore, an educator receiving a $4,500 monthly pension will, as the surviving spouse, forfeit as much as $3,000 of monthly social security income. Feel free to review the following:

*Illnois’ Pension Crisis

*Social Security Offset Rule for Teachers and Other Government Employees

*Now That I’m Retired, What Should I do With My Teachers’ 403(b)/Tax Sheltered Annuity?  

*Understanding Your 403(b)/TSA Teachers’ Retirement Plan


D. Estate Planning: Wealth Transfer Elements

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