ILMA Compoundings September 2016 - 33

FINANCIAL FREEDOM

One common rule of thumb is the so-called 4 percent rule.
According to this strategy, you initially withdraw 4 percent of
your portfolio, increasing the amount annually to account
for inflation. Some experts consider this approach to be too
aggressive - you might withdraw less depending on your
personal situation and market performance, or more if you
receive large market gains.
Another strategy, sometimes called the endowment method,
automatically adjusts for market performance. Like the 4
percent rule, the endowment method begins with an initial
withdrawal of a fixed percentage, typically 3 percent to 5
percent. In subsequent years, the same fixed percentage is
applied to the remaining assets, so the actual withdrawal amount
may go up or down depending on previous withdrawals and
market performance.
A modified endowment method applies a ceiling and/or a
floor to the change in your withdrawal amount. You still base
your withdrawals on a fixed percentage of the remaining

assets, but you limit any increase or decrease from the
prior year's withdrawal amount. This could help prevent you
from withdrawing too much after a good market year, while
maintaining a relatively steady income after a down market
year.
Note: Asset allocation is a method used to help manage investment
risk; it does not guarantee a profit or protect against investment loss.
1

Employee Benefit Research Institute, "2016 Retirement Confidence Survey"

Carter is executive vice president - wealth management for CSG
Capital Partners of Janney Montgomery Scott LLC and is investment
advisor to ILMA. He may be reached at 202-955-4307 or mcarter@
janney.com.
Janney Montgomery Scott LLC is ILMA's investment firm. The views
expressed herein are those of Carter and do not necessarily reflect
those of Janney Montgomery Scott LLC or ILMA

Annual Meeting
October 15-18

Fairmont Scottsdale Princess * SCOTTSDALE, AZ
Register by September 9 to be included in the
onsite registration booklet list of attendees.

Online registration closes September 23.



ILMA Compoundings September 2016

Table of Contents for the Digital Edition of ILMA Compoundings September 2016

FROM THE CEO
BOARD BRIEF
NOTES FROM MSCI
THE HEART OF ILMA
THE ARGUS ANALYSIS
VOICES & VIEWS
INTERNATIONAL INSIGHT
SPEAKER SPOTLIGHT
FAMILY BUSINESS
FINANCIAL FREEDOM
RULES & REGS
POWER PLAY
LEGAL EASE
THE WHITE PAPER
ADVERTISERS INDEX
ILMA Compoundings September 2016 - 1
ILMA Compoundings September 2016 - 2
ILMA Compoundings September 2016 - 3
ILMA Compoundings September 2016 - 4
ILMA Compoundings September 2016 - FROM THE CEO
ILMA Compoundings September 2016 - 6
ILMA Compoundings September 2016 - 7
ILMA Compoundings September 2016 - 8
ILMA Compoundings September 2016 - BOARD BRIEF
ILMA Compoundings September 2016 - 10
ILMA Compoundings September 2016 - 11
ILMA Compoundings September 2016 - 12
ILMA Compoundings September 2016 - NOTES FROM MSCI
ILMA Compoundings September 2016 - 14
ILMA Compoundings September 2016 - THE HEART OF ILMA
ILMA Compoundings September 2016 - 16
ILMA Compoundings September 2016 - 17
ILMA Compoundings September 2016 - 18
ILMA Compoundings September 2016 - 19
ILMA Compoundings September 2016 - 20
ILMA Compoundings September 2016 - THE ARGUS ANALYSIS
ILMA Compoundings September 2016 - 22
ILMA Compoundings September 2016 - 23
ILMA Compoundings September 2016 - VOICES & VIEWS
ILMA Compoundings September 2016 - 25
ILMA Compoundings September 2016 - INTERNATIONAL INSIGHT
ILMA Compoundings September 2016 - 27
ILMA Compoundings September 2016 - SPEAKER SPOTLIGHT
ILMA Compoundings September 2016 - 29
ILMA Compoundings September 2016 - FAMILY BUSINESS
ILMA Compoundings September 2016 - 31
ILMA Compoundings September 2016 - FINANCIAL FREEDOM
ILMA Compoundings September 2016 - 33
ILMA Compoundings September 2016 - RULES & REGS
ILMA Compoundings September 2016 - 35
ILMA Compoundings September 2016 - POWER PLAY
ILMA Compoundings September 2016 - 37
ILMA Compoundings September 2016 - LEGAL EASE
ILMA Compoundings September 2016 - 39
ILMA Compoundings September 2016 - THE WHITE PAPER
ILMA Compoundings September 2016 - 41
ILMA Compoundings September 2016 - ADVERTISERS INDEX
ILMA Compoundings September 2016 - 43
ILMA Compoundings September 2016 - 44
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