INSURANCE

Mar 24 2020

John hancock disability insurance #John #Hancock #USA #- #My #Retirement



John hancock disability insurance

*******

John’s Retirement

The Trustees of Sample Co. Inc. Retirement Plan

Welcome to the home page. Here you will see a strong call to action (My Future section) along with important account details (My Today section). From here, you can access your account, tools and services in a more streamlined manner.

My Future

I’m on track for $ 59,000/year Contributions & Savings $3/year “>

Tell us how you want to live in retirement and we’ll help you achieve your goal.

Let’s Get Started

You’re not on track to meet your goal You may be able to save enough to provide your desired retirement income if you make some changes now.

Your retirement is approaching sooner than you think. Now is the time to really plan for it.

Consider making the following changes:

  • Increase your contribution amount
  • Increase the age at which you plan to retire
  • Select a different retirement profile
  • Ensure you’ve included any other retirement savings that you may have

“>The retirement you want is within your reach. Based on the information you’ve provided and the assumptions we’ve made, your current savings plan can provide your desired retirement income.

As you get closer to your retirement, your financial circumstances may change. It is important that you review your retirement goal at least annually to determine if you need to make any changes.

Currently you’re contributing $ 120/5 % per month. Consider increasing your contributions to $135/6% per month if you want to close your retirement gap. That’s $15/1% extra per month.

Get Me On Track

Average contributions are $120/5% per month.Average contributions are a rolling 12 month average of your regular monthly contributions.

Consider increasing your Goal.

My Future

$ 21,500
Social Security

$ 37,500
Contributions & Savings

$ 3,000
Retirement Gap

$ 1,791
Social Security

$ 3,125
Contributions & Savings

$ 250
Retirement Gap

Assumptions

Ongoing contribution amount:
Your suggested ongoing contribution amount refers to the total amount to be put towards your retirement savings to help you reach your retirement goals, based on the given assumptions.

All expressions of ongoing contribution amount (current, suggested and hypothetical) assume that ongoing contributions stop when you retire (not when your spouse retires, if you are planning with your spouse).

We assume that as your salary grows after inflation, your ongoing contributions will keep pace at a fixed percentage of your salary. For example, if your annual income is $50,000 and you contribute $5,000, then your ongoing contribution amount would be 10%. If your salary grows to $60,000, your continuing 10% annual contributions would amount to $6,000.

Salary growth:
We assume that until the age of 49, your salary will grow annually by 2.3% (after inflation). At age 50 and older, we assume that there will be no salary growth (after inflation).

Source: Employment Cost Index – 10 year average.

Inflation:
We assume an annual inflation rate of 2.3%.

Source: US Inflation Calculator – 10 year average.

Today’s dollars:
We have considered the impact of inflation and restated all future amounts in today’s dollars.

Rate of return:
Your projected rate of return is 4.44% based on a growth risk strategy. This is a future projection and is not based on the past performance of your investments.

The rate of return used to project the growth in your account balance is based on the expected return for the strategy you select and is adjusted based on your investment time horizon. We calculate a range of possible rates of return associated with this strategy based on the historical volatility of annual returns associated with this strategy.

We further adjust the rate used to a more conservative rate based on historical trends, although past performance does not guarantee future results. Our conservative approach to rates of return for any given strategy reflects the uncertainty about any actual rate of return (positive or negative) you may earn.

Note: These projections do not factor in any fees of your plan and are not based on the past performance of your specific investment options.

Annuity rate:
Once you reach retirement age, we assume that your account will earn a fixed rate of return of 3.3% after inflation and you will withdraw an amount necessary each month to fund your desired retirement lifestyle. We further assume that your account will support withdrawals until you reach your life expectancy (age 83 for males/ age 86 for females). If you have not provided your gender, we assume that your retirement account will support withdrawals until you reach the age 84, the average life expectancy for people who reach age 65.

Source: Centers for Disease Control and Prevention, 2012.

I’m on track for $ 59,000/year Contributions & Savings $3/year “>

Tell us how you want to live in retirement and we’ll help you achieve your goal.

Let’s Get Started

You’re not on track to meet your goal You may be able to save enough to provide your desired retirement income if you make some changes now.

Your retirement is approaching sooner than you think. Now is the time to really plan for it.

Consider making the following changes:

  • Increase your contribution amount
  • Increase the age at which you plan to retire
  • Select a different retirement profile
  • Ensure you’ve included any other retirement savings that you may have

“>The retirement you want is within your reach. Based on the information you’ve provided and the assumptions we’ve made, your current savings plan can provide your desired retirement income.

As you get closer to your retirement, your financial circumstances may change. It is important that you review your retirement goal at least annually to determine if you need to make any changes.

Currently you’re contributing $ 120/5 % per month. Consider increasing your contributions to $135/6% per month if you want to close your retirement gap. That’s $15/1% extra per month.

Get Me On Track

Average contributions are $120/5% per month.Average contributions are a rolling 12 month average of your regular monthly contributions.

Consider increasing your Goal.

My Today

Account Balance as of January 1, 20XX

Including your Roth 401(k)

As of December 31, 20XX

  • 100% Balanced Lifestyle

View and download the latest

Combine Your
Accounts

See the advantages of having one 401k account.

My Money
Connector

Simplify your financial life and see your accounts in one place.

Financial Wellness
Assessment

Your first step towards better financial health.

My Learning
Center

Get help with every day financial decisions.

Information security tips and other updates from John Hancock.

Get Retirement
Fit

With personalized help based on you.

Need a Plan
for Retirement?

John Hancock can help set a goal and stay on track to achieve it.

Your New
Website

Check what is new and improved.

How Am I Doing?

My Contributions

My Investments

Taking Money Out

About the Plan

Projected retirement income shown in today’s dollars.

This Web site highlights some of the features of the employer’s qualified retirement plan and may not describe all plan features or their applicability to any plan participant. John Hancock USA provides investment options under the group annuity contract issued to the plan. Neither John Hancock USA, nor any of its agents, employees or registered representatives, is providing legal, tax, or investment advice. Additional plan information is available from the plan administrator. Any examples provided are for illustrative purposes only.

The Social Security benefit calculation assumes you begin receiving regular Social Security payments at either age 62, or the age you specified if it is greater than 62.

The information provided is based on estimates, includes outstanding loan amounts if applicable, and assumes no withdrawals prior to retirement age. Consider reviewing your retirement plan periodically.

All projections made are on a pre-tax basis. If applicable, some amounts may not be subject to taxes at retirement.

Contribution amounts may include employee and employer contributions made to your company’s qualified retirement plan, deposits to other qualified and non-qualified accounts. Contributions to qualified accounts may not exceed plan or regulatory limits.

This information does not constitute legal or tax advice with respect to any taxpayer. It was neither written nor intended for use by any such taxpayer for the purpose of avoiding penalties, and it cannot be so used. If it is used or referred to in promoting, marketing, or recommending any transaction or matter addressed herein, it should be understood as having been written to support such promotion, marketing, or recommendation, and any taxpayer receiving it should seek advice based on the taxpayer’s particular circumstances from an independent tax advisor.

All contract information is confidential and you agree to safeguard and protect such information in accordance with the standards required by law and use such information only for authorized plan administration purposes.

Group annuity contracts and recordkeeping agreements are issued by John Hancock Life Insurance Company (U.S.A.), Boston, MA (not licensed in New York). John Hancock Life Insurance Company (U.S.A.) makes available a platform of investment alternatives to sponsors or administrators of retirement plans without regard to the individualized needs of any plan. Unless otherwise specifically stated in writing, John Hancock Life Insurance Company (U.S.A.) does not, and is not undertaking to, provide impartial investment advice or give advice in a fiduciary capacity.

NOT FDIC INSURED | MAY LOSE VALUE | NOT BANK GUARANTEED


*******
SOURCE:

Written by admin