modeling full sample envision report with advanced · current vs strategic efficient frontier 80...

© 2016 Wells Fargo Advisors and Wealthcare Capital Management LLC. All Rights Reserved. of 118

October 28, 2016

Full Sample Envision Report with AdvancedModelingPrepared for:Jim and Susan Taylor

Prepared by:Financial Advisor

Wells Fargo Advisors1 N. Jefferson Ave.St. Louis, MO 63103

Note: This is a sample report and does notcontain actual client data and/or securitiesinformation.

This report is not complete unless all pages, as noted, are included. Please read the information in 'Disclosures' found within this report for an explanation of the terms and concepts presented in thisreport. Envision is not a financial plan. It does not include advanced wealth planning strategies such as estate and tax planning. It also does not include detailed cash flow, real estate and businessanalyses. Envision is an investment planning tool designed to monitor changes in markets and life goals based on regular involvement and updates by you and your Financial Advisor. You should notbase major life decisions, such as retirement and spending goals, solely on Envision investment plan results. The Envision Process and delivery of this report do not create an advisory relationshipbetween the firm and you.

This is a preliminary report. It may not accurately reflect your current situation and life goals. It is intended as a discussion document. Your Financial Advisor can work with you to create or modify anInvestment Plan to specifically suit your needs.

Investment and insurance Products: NOT FDIC-Insured NO Bank Guarantee MAY Lose ValueThis report is prepared by your Financial Advisor using software provided by Wells Fargo Advisors. Wells Fargo Advisors is a trade name used by Wells Fargo Clearing Services, LLC, a registered broker-dealer and non-bank affiliate ofWells Fargo & Company.

This is a Preliminary Report

Envision® Jim & Susan

10/28/2016 © 2016 Wells Fargo Advisors and Wealthcare Capital Management LLC. All Rights Reserved. of 118

Table Of Contents

Cover Page 1

The Envision Process 4

Net Worth Statement 5

Net Worth By Type Graph 7

Net Worth By Person Graph 8

Insurance Summary 9

Liabilities Summary 10

Envision Action Plan Review - Client Notes 11

Profile Summary Data 14

Your Goals 17

Your Priorities 19

The Investment Plan Result 21

Investment Plan Result for Your Goals 22

Recommended Investment Plan 24

Achieving Your Goals - Recommended Plan 26

Sensitivity Analysis 27

Cash Flow Timeline 28

Current vs. Strategic Allocation Plan Results 30

Monitoring Your Recommended Investment Plan 32

Target Zone-Long Term 34

Sources of Funding 36

Goal Funding Summary - Recommended Investment Plan 38

Scenario Comparison 40

Survivor Needs Results 42

Long-Term Care Comparison 46

Annuity Scenario 50

Annuity Scenario Comparison Summary 53

Goal Funding Summary Comparison 55




Annuity Scenario Modeling Assumptions 56

Strategic Allocation Investment Objectives 57

The Strategic Allocations 58

Current vs Strategic Allocation - Asset Class 61

Current vs Strategic Allocation - Asset Class with Securities 63

Current vs Strategic Allocation - Asset Class Type 66

Current vs Strategic Allocation - Asset Class Type with Securities 68

Current vs Strategic Allocation - Asset Class Detail 73

Current vs Strategic Allocation - Asset Class Detail with Securities 75

Current vs Strategic Efficient Frontier 80

Account Summary 81

Range of Simulation Possible Outcomes 84

Growth Detail Graph 85

Growth Detail Percentile Rankings 86

Total Investment Plan Target Values - Recommended Investment Plan 90

Target Investment Plan Tax Treatment - Recommended Investment Plan 92

Target Taxable Investment Plan Value - Recommended Investment Plan 94

Target Tax Advantaged Investment Plan Values - Recommended Investment Plan 96

Summary of Cash Flows - Chart - Recommended Investment Plan 98

Summary of Cash Flows - Table - Recommended Investment Plan 99

Cash Flow Detail - Contributions - Recommended Investment Plan 101

Cash Flow Detail - Income from Other Sources - Recommended Investment Plan 103

Cash Flow Detail - Withdrawals - Recommended Investment Plan 105

Investment Plan Assumptions 108

Disclosures 110




The value of the conversationThe Envision® process

IMPORTANT: The projections or other information Envision generates regarding the likelihood of various investment outcomes are hypothetical in nature, do notreflect actual investment results, and are not guarantees of future results. Results may vary with each use and over time.

Envision methodology, selection criteria and key assumptions: Envision's simulation model incorporates assumptions on inflation, and financial market returns.Using Monte Carlo simulations, Envision simulates thousands of potential outcomes over a lifetime of investing. The varying risk, return and correlation between theassets are based on both forward looking and historical market based assumptions. Elements of this report's presentations and simulation results are under licensefrom © 2003-2016 Wealthcare Capital Management LLC. All rights reserved.




Net Worth StatementInvestment Assets included in the Envision PlanAccountDescription

Internal/External

Taxation Last Updated Jim SusanJoint &

DependentTotal

Jim's Profit Share PlanXXXX8888 External Deferred 10/20/2016 $1,600,000.00 $0.00 $0.00 $1,600,000.00

Susan's IRAXXXX8888 External Deferred 10/20/2016 $0.00 $260,000.00 $0.00 $260,000.00

Joint AccountXXXX8888 External Taxable 02/04/2016 $0.00 $0.00 $250,000.00 $250,000.00

John's 529

XXXX8888 ExternalTax AdvantagedEducation

10/20/2016 $125,000.00 $0.00 $0.00 $125,000.00

Sara's 529

XXXX8888 ExternalTax AdvantagedEducation

10/20/2016 $115,000.00 $0.00 $0.00 $115,000.00

Sub Total $1,840,000.00 $260,000.00 $250,000.00 $2,350,000.00

Investment Assets not included in the Envision PlanAccountDescription

Internal/External

Taxation Last Updated Jim SusanJoint &

DependentTotal

Joint TaxableXXXX111111 External Taxable 10/21/2016 $29,150.00 $0.00 $0.00 $29,150.00

XXXX5678 External Deferred 03/10/2015 $2,307,190.70 $0.00 $0.00 $2,307,190.70

XXXX5678 External Taxable 12/16/2015 $0.00 $0.00 $0.00 $0.00

Sub Total $2,336,340.70 $0.00 $0.00 $2,336,340.70

Personal Assets

Description Type Last Updated Jim SusanJoint &

DependentTotal

Sports Collectibles* Collectibles 03/26/2014 $0.00 $0.00 $100,000.00 $100,000.00

123 Home St.* Primary Residence 03/26/2014 $0.00 $0.00 $500,000.00 $500,000.00

Sub Total $0.00 $0.00 $600,000.00 $600,000.00




Business Assets


DependentTotal

Taylor Dental* LLC 10/20/2016 $350,000.00 $0.00 $0.00 $350,000.00

Sub Total $350,000.00 $0.00 $0.00 $350,000.00

Insurance Cash Value

Company Owner Last Updated Jim SusanJoint &

DependentTotal

Jim's Whole Life Poli-cy*

Jim Taylor 08/25/2014 $20,000.00 $0.00 $0.00 $20,000.00

Sub Total $20,000.00 $0.00 $0.00 $20,000.00

Total Assets $4,546,340.70 $260,000.00 $850,000.00 $5,656,340.70

Liabilities


DependentTotal

123 Main St. Mort-gage*

Mortgage 12/11/2015 $0.00 $0.00 $-200,000.00 $-200,000.00

Total Liabilities $0.00 $0.00 $-200,000.00 $ -200,000.00

Net Worth $4,546,340.70 $260,000.00 $650,000.00 $5,456,340.70

*This information is included for purposes of this Statement and is not included in the analysis of this Envision plan.

This Net Worth statement represents a portfolio of securities and assets and liabilities owned by you based on our records of transactions processed through us or supplemental information supplied by you. This report may not include all accounts inyour household. The above statement does not in any way supersede your statements, policies or trade confirmations, which we consider the only official and accurate records of your accounts or policies. We rely on you to review the accuracy andcompleteness of this analysis. This statement may differ from the Firm's profile information on your accounts.

The death benefit and cash value will be affected by any outstanding loans or withdrawals at the time of surrender.

IMPORTANT: This report may provide asset allocation and other general investment education on your 401(k) or retirement plan accounts held at other firms but does not provide specific investment advice.You should review this report and verify that the information for your external accounts is current and accurate. Please review holdings, asset classifications and cost basis for your external accounts and advise your Financial Advisor if any updatesare needed.




Net Worth By Type GraphNet Worth Breakdown by Type

($700,000)

$0

$700,000

$1,400,000

$2,100,000

$2,800,000

$3,500,000

$4,200,000

$4,900,000

$5,600,000

$6,300,000

Assets Liabilities Net Worth

Assets($5,656,340)

Personal Assets

Business Assets

Insurance Cash Value

Investment Assets

Liabilities(-$200,000)

Mortgage

Net Worth($5,456,340)

Net Worth




Net Worth By Person GraphNet Worth Breakdown by Person

($700,000)

$0

$700,000

$1,400,000

$2,100,000

$2,800,000

$3,500,000

$4,200,000

$4,900,000

$5,600,000

$6,300,000

Assets Liabilities Net Worth

Assets($5,656,340)

Jim

Susan

Joint & Dependent

Liabilities(-$200,000)

Joint & Dependent

Net Worth($5,456,340)

Total Net Worth




Insurance SummaryLife Insurance

CompanyPolicyNumber

Type Owner Insured BeneficiaryDeath

BenefitAnnual

PremiumCashValue

LoanValue

Jim's GroupPolicy

12 Term Jim Taylor Jim Taylor Susan Taylor $600,000 $100,000 $0 $0

Jim's Whole LifePolicy

1 Whole Life Jim Taylor Jim Taylor Susan Taylor $100,000 $500 $20,000 $0

Susan's GroupPolicy

123 Term Susan Taylor Susan Taylor Jim Taylor $100,000 $100 $0 $0

Total $800,000 $100,600 $20,000 $0

Long Term Care Insurance

CompanyPolicyNumber

InsuredAnnual

PremiumMonthlyBenefit

Benefit Period(Years)

Total BenefitPool

AnnualIncrease

EliminationPeriod(Days)

Insurance Co 1234 Jim Taylor $5,000 $1,000 10 $120,000 3.00% 90

Total $5,000 $1,000 $120,000

Disability Insurance

CompanyPolicyNumber

OwnerAnnual

PremiumMonthlyBenefit

Benefit Period(Years)

AnnualIncrease

EliminationPeriod(Days)

Insurance Co 12345 Jim Taylor $5,000 $1,000 10 3.00% 90

Total $5,000 $1,000

The death benefit and cash value will be affected by any outstanding loans or withdrawals at the time of surrender.

Total Benefit Pool = Monthly Benefit * Benefit Period * 12

The policy details listed above have been based on information you, the client, provided to your Financial Advisor. Wells Fargo Advisors does not guarantee its accuracy or completeness. Please consult the policy literature provided by yourInsurance carrier for more complete information and a detailed description of any terms and conditions mentioned in this report.




Liabilities SummaryGeneral Liabilities

Description Borrower TypeInterest

RateBalance

MonthlyPayment

Sub Total $0.00

Mortgages

Description Borrower Loan Type LenderInterest

RateBalance

MonthlyPayment

YearClosed

123 Main St. Mortgage Joint 30 Yr Fixed Wells Fargo 5.35% $-200,000.00 $3,685.00

Sub Total $-200,000.00

Total Liabilities $-200,000.00




Envision Action Plan Review - Client NotesCurrent Year Savings

On Target Updated Amount

_______________ Contribute $50,000 to Jim's taxable savings - Taxable

_______________ Contribute $17,500 to Jim's tax deferred savings - 401K Jim

_______________ Contribute $5,500 to Jim's tax deferred savings - 401K Catch up

_______________ Contribute $16,000 to Susan's tax deferred savings - 401K Susan

Client Notes ___________________________________________________________________________________________

___________________________________________________________________________________________

Asset Allocation

On Target

As discussed, adjustments should be made to your current investment holdings to bring the allocation in line withthe Moderate Growth & Income portfolio




Current Moderate Growth & Income

U.S. Large Cap Equities (50.16%)

U.S. Mid Cap Equities (16.82%)

U.S. Small Cap Equities (8.62%)

Developed Market Ex-U.S. Equities (11.21%)

Emerging Market Equities (3.57%)

Specialty Equities (0.80%)

U.S. Long Term Taxable Fixed Income (0.45%)

Emerging Market Fixed Income (0.01%)

High Yield Taxable Fixed Income (0.02%)

Specialty Fixed Income (0.06%)

Public Real Estate (1.23%)

Cash Alternatives (4.90%)

Other (2.16%)






U.S. Short Term Taxable Fixed Income (4.00%)

U.S. Intermediate Taxable Fixed Income (16.00%)


Developed Market Ex-U.S. Fixed Income (3.00%)




Commodities (2.00%)


Average Return: 7.6% Average Return: 6.5% Downside Risk: -15.2% Downside Risk: -9.3%

Moderate Growth & Income:

Growth and income portfolios emphasize a blend of current income and capital appreciation and usually have some exposure to more volatile growth assets. Moderate Growth and Income investors are willing to accept a modestlevel of risk that may result in increased losses in exchange for the potential to receive modest returns.

The Current allocation indicates how an investor's portfolio is allocated based on Wells Fargo Advisors asset classifications and current market value.

Asset classification of holdings in external accounts where classification is not readily available may be assigned to a multi-asset class category or reassigned into additional asset classes by your Financial Advisor which may not bethe most accurate asset class based on the holding's characteristics and risk profile. It is your responsibility to review the asset classification for external accounts and notify us of any changes.

Client Notes ___________________________________________________________________________________________

___________________________________________________________________________________________

Survivor Needs

On Target Updated Amount

_______________ Estimated Additional Insurance Needed on Susan: $2,970,000

_______________ Estimated Additional Insurance Needed on Jim: $2,490,000




Client Notes ___________________________________________________________________________________________

___________________________________________________________________________________________

Additional Client Notes

__________________________________________________________________________________________________________

__________________________________________________________________________________________________________

__________________________________________________________________________________________________________

__________________________________________________________________________________________________________

__________________________________________________________________________________________________________

"Current Year" is defined as the period of time from now until the owner of the cash flow's next birthday.

This Action Plan Review identifies the current year's savings, asset allocation, withdrawals, goals, and income needs included in your Envision report, and also identifies the preceding year's goals that have been retired.Please review your actual report for a detailed analysis of additional, future assumptions you have made which may be critical to the success of your plan.

The risk and return information shown is based on the Strategic Capital Market Assumptions. Risk and return figures are based on forward looking asset class assumptions. For risk and return information, pleasesee the Strategic Capital Market Assumptions table in the disclosure section of this report. Downside risk represents the potential loss the allocation could experience in a severe market downturn. The portfolio facesapproximately a 5% chance each year of experiencing a loss this large or larger. They are for illustrative purposes and are not designed to predict actual performance. Past performance is not a guarantee of futureresults.

The downside risk and average return for the current allocation are calculated based on a classification of the underlying holdings for funds, ETFs, UITs and annuity sub-accounts. For funds in alternative investmentstrategies and where underlying holdings are not available for classification, the asset class assigned to that security is used. Underlying classification data is updated periodically and the frequency of updates will vary byfund.

If we have included or if you have provided us with information on accounts managed by you or an affiliate of Wells Fargo Advisors, including self-directed WellsTrade accounts at Wells Fargo Advisors, and fiduciaryaccounts at Wells Fargo Bank, N.A., you should understand that Wells Fargo Advisors has no authority to manage or influence the management of such accounts. With respect to such accounts, the Strategic Allocationlisted on this page is for information purposes only and should not be considered a recommendation from Wells Fargo Advisors or your Financial Advisor. The views, opinions, asset allocation models and forecasts maydiffer from our affiliates.




Profile Summary Data

Personal InformationName Current Age Current Annual Salary

Jim Taylor 52 $250,000Susan Taylor 52 $60,000

Life GoalsDescription Ideal Value Acceptable Value

Retirement Age - Jim 55 62Retirement Age - Susan 55 62Retirement Spending Need (Annual Increase) $180,000 (Age 55 - End) (3.00%) $120,000 (Age 62 - End) (3.00%)Estate Goal (Annual Increase) $2,000,000 (1.00%) $500,000 (1.00%)

Education Goals ++

Name Ages Institution Ideal Value Acceptable Value Annual Increase

John 18 - 21 Saint Louis University $50,763 $50,763 5.00%Sara 18 - 21 University of Virginia $39,716 $39,716 5.00%

Other Goals

DescriptionAnnual Amount

Ideal/Accept.Net or Gross Owner

Start AgeIdeal/Accept.

End AgeIdeal/Accept.

FrequencyIdeal/Accept.

Annual IncreaseIdeal/Accept.

Executive Rv$400,000 /$250,000

Net Jim Ret. / Ret. Ret. / Ret. Annual / Annual 3.00% / 3.00%

Travel Spending$20,000 /$10,000

Net Jim Ret. / Ret. 80 / 80 Annual / Annual Default / Default

Income Sources - Other Income


Ideal/Accept.Net orGross

Owner Tax StatusStart Age

Ideal/Accept.End Age

Ideal/Accept.Annual Increase

Ideal/Accept.

Partnership Buyout $75,000 / $75,000 Gross Jim Taxable 62 / 62 66 / 66 Default / Default

Jim's Whole Life Benefit$100,000 /$100,000

Net Jim Taxable Death / Death Death / Death 0.00% / 0.00%




Social Security


Ideal/Accept.Net orGross

Owner Tax StatusStart Age

Ideal/Accept.End Age

Ideal/Accept.Annual Increase

Ideal/Accept.

Social Security $23,222 / $23,697 Gross Jim Taxable 62 / 62 Death / Death Default / DefaultSocial Security $14,644 / $15,941 Gross Susan Taxable 62 / 62 Death / Death Default / Default

Savings


Ideal/Accept.Owner Tax Status

Start AgeIdeal/Accept.

End AgeIdeal/Accept.

Annual IncreaseIdeal/Accept.

401K Catch up $5,500 / $5,500 Jim Deferred 52 / 52 54 / 61 0.00% / 0.00%401K Jim $17,500 / $17,500 Jim Deferred 52 / 52 54 / 61 0.00% / 0.00%Taxable $65,000 / $50,000 Jim Taxable 52 / 52 54 / 61 1.00% / 1.00%401K Susan $16,000 / $16,000 Susan Deferred 52 / 52 54 / 61 0.00% / 0.00%

LiabilitiesDescription Borrower Type Interest Rate Balance Monthly Payment

123 Main St. Mortgage Joint Mortgage 5.35% $200,000 $3,685

Total Liabilities : $200,000

Risk Profile*InvestmentObjective

Equity%

DownsideRisk

AverageReturn

Description

IdealConservativeGrowth &Income

39.0% -7.5% 6.0%

Growth and income portfolios emphasize a blend of current income and capitalappreciation and usually have some exposure to more volatile growth assets.Conservative Growth and Income investors generally assume a lower amount of risk, butmay still experience losses or have lower expected returns.

AcceptableAggressiveGrowth

84.0% -15.5% 7.9%

Growth portfolios emphasize capital appreciation with minimal consideration for currentincome and usually have significant exposure to more volatile growth assets. AggressiveGrowth investors seek a higher level of returns and are willing to accept a high level ofrisk that may result in more significant losses.

++All numbers provided for Education Goal calculations are hypothetical in nature and are based on assumptions entered into the calculation. You should check the figures to ensure they are reasonable and you should consult with the institution onthe accuracy of the information before making any investment decisions based on this information.

Please see the Investment Plan Assumptions page in this report for the General Default Inflation Rate used in this plan and for cash flows outside of that rate.

Default Annual Increase is 2.50% for years 1- 10 and 3.00% for years 11 and beyond.




*The risk and return information shown is based on the Strategic Capital Market Assumptions. Risk and return figures are based on forward looking asset class assumptions. For risk and return information, please see the Strategic Capital MarketAssumptions table in the disclosure section of this report. Downside risk represents the potential loss the allocation could experience in a severe market downturn. The portfolio faces approximately a 5% chance each year of experiencing a loss thislarge or larger. They are for illustrative purposes and are not designed to predict actual performance. Past performance is not a guarantee of future results.

Allocations used within this plan may not have a greater downside risk than the risk range associated with the Acceptable Risk Profile.




Your Goals

Ideal Acceptable

Retirement AgeJim 55 62Susan 55 62

Annual Retirement SpendingRetirement Spending $180,000 (Age 55-End) $120,000 (Age 62-End)

Other GoalsExecutive Rv $400,000 (Age Ret. - Ret.) $250,000 (Age Ret. - Ret.)Travel Spending $20,000 (Age Ret. - 80) $10,000 (Age Ret. - 80)

Annual Education GoalsJohn $50,763 (Age 18-21) $50,763 (Age 18-21)Sara $39,716 (Age 18-21) $39,716 (Age 18-21)

Annual Savings401K Catch up $5,500 (Age 52-54) $5,500 (Age 52-61)401K Jim $17,500 (Age 52-54) $17,500 (Age 52-61)Taxable $65,000 (Age 52-54) $50,000 (Age 52-61)401K Susan $16,000 (Age 52-54) $16,000 (Age 52-61)

Income Sources (Annual)Partnership Buyout $75,000 (Age 62-66) $75,000 (Age 62-66)Jim's Whole Life Benefit $100,000 (Age Death-Death) $100,000 (Age Death-Death)

Annual Social SecurityJim $23,222 (Age 62-Death) $23,697 (Age 62-Death)Susan $14,644 (Age 62-Death) $15,941 (Age 62-Death)Susan $8,578 (Age 93-End) $7,756 (Age 93-End)

Estate Goal $2,000,000 $500,000

Strategic Allocation Conservative Growth &Income (Age Now-End)

Aggressive Growth (Age Now-End)

Percent in Equities 39.0% 84.0%Downside Risk -7.5% -15.5%




The Strategic Allocation has been derived from what you indicated was your Ideal or Acceptable tolerance for Downside Risk as displayed on the Profile Summary Data report. The Disclosures include more detailed information.




Your PrioritiesThe Envision Priority Cards help you clarify your financial goals and prioritize your objectives. Using the cards as guidelines, the Envision Process also offers you the flexibility to adjust your priorities,when necessary, based on fluctuating market conditions or life-changing events.

Higher Priority Lower Priority

1 2 3 4 5 6 7

RetirementIncome Risk Tolerance Education Goal Taxes and

Inflation Today VsTomorrow Philanthropy

Retirement Age Supporting

Parents and/or Adult Ch...

Estate & Legacy Business

Transaction& Succession




Your PrioritiesThe Envision Priority Matrix can help you clarify your financial goals and prioritize your objectives. Using the Matrix as a guide, the Envision process also offers you the flexibility to adjust your priorities,when necessary, based on fluctuating market conditions or life-changing events.

Goal Retire LaterReduce Retirement

SpendingReduce Size

of EstateTake More

Investment RiskSave More

To achieve our early retirement age(s), we would bewilling to: N/A

To achieve our higher spending target in retirement,we would prefer to: X N/A X

In order to achieve our larger estate goal, we wouldbe willing to: N/A

To reduce the investment risk in our portfolio, wewould be willing to: X X X N/A

We would like to reduce our current savings and toachieve this we would prefer to: X X N/A

To meet our education funding goals, we would bewilling to:

To meet our 'Executive Rv ' other goal, we would bewilling to: X X X

To meet our 'Travel Spending ' other goal, we wouldbe willing to:




The Investment Plan Result

<50 75 90 100

Below Target Target Zone Above Target

What is the Investment Plan Result?

Central to the Envision process is the Investment Plan Result calculation.With Envision, we simultaneously evaluate your goals, your strategic assetallocation and your assets to determine the likelihood that your investmentplan would have achieved your goals. The Envision process subjects yourinvestment plan to a sophisticated stress testing process that simulates 1,000market environments, both good and bad. Your Investment Plan Result isthe percentage of the 1,000 simulations in which your goals were met foryour Ideal, Acceptable, and Recommended Investment Plan. Remember,the simulations do not represent actual investment performance andare only intended to provide you with an opportunity to evaluate yourRecommended Investment Plan, including your asset allocation. TheDisclosures include more detailed information regarding the simulationprocess.

• Below Target

An Investment Plan Result below 75 means that your investment planwould not have achieved your goals in a large number of the historicalsimulations. You may wish to consider adjustments to your goals, yourallocation and/or your investments.

• Target Zone

An Investment Plan Result between 75 and 90 means that in many of thehistorical simulations your investment plan would have achieved yourgoals. You might be required to make changes to your RecommendedInvestment Plan in order to stay within your Target Zone, but thosechanges are likely to be minor.

• Above Target

An Investment Plan Result above 90 means that in a significantlylarge number of historical simulations your investment plan would haveachieved or exceeded your goals. You may wish to consider a less riskyallocation, or an adjustment to your goals.




Investment Plan Result For Your Goals

<50 75 90 100

<=50 93


Ideal Acceptable

Investment Plan Result 0 93

Retirement Age Jim 55 62 Susan 55 62

Annual Retirement SpendingRetirement Spending $180,000 (Age 55-End) $120,000 (Age 62-End)

Other GoalsExecutive Rv $400,000 (Age Ret. - Ret.) $250,000 (Age Ret. - Ret.)Travel Spending $20,000 (Age Ret. - 80) $10,000 (Age Ret. - 80)

Annual Education GoalsJohn $50,763 (Age 18-21) $50,763 (Age 18-21)Sara $39,716 (Age 18-21) $39,716 (Age 18-21)

Annual Savings401K Catch up $5,500 (Age 52-54) $5,500 (Age 52-61)401K Jim $17,500 (Age 52-54) $17,500 (Age 52-61)Taxable $65,000 (Age 52-54) $50,000 (Age 52-61)401K Susan $16,000 (Age 52-54) $16,000 (Age 52-61)

Income Sources (Annual)Partnership Buyout $75,000 (Age 62-66) $75,000 (Age 62-66)Jim's Whole Life Benefit $100,000 (Age Death-Death) $100,000 (Age Death-Death)




<50 75 90 100

<=50 93


Ideal AcceptableAnnual Social Security Jim $23,222 (Age 62-Death) $23,697 (Age 62-Death) Susan $14,644 (Age 62-Death) $15,941 (Age 62-Death) Susan $8,578 (Age 93-End) $7,756 (Age 93-End)

Estate Goal $2,000,000 $500,000

Strategic Allocation Conservative Growth & Income (Age Now-End) Aggressive Growth (Age Now-End) Percent in Equities 39.0% 84.0% Downside Risk -7.5% -15.5%





Recommended Investment Plan

<50 75 90 100

<=50 9382


Ideal Recommended Acceptable

Investment Plan Result 0 82 93

Retirement AgeJim 55 60 62Susan 55 60 62

Annual Retirement SpendingRetirement Spending $180,000 (Age 55-End) $132,000 (Age 60-End) $120,000 (Age 62-End)

Other GoalsExecutive Rv $400,000 (Age Ret. - Ret.) $250,000 (Age Ret. - Ret.) $250,000 (Age Ret. - Ret.)Travel Spending $20,000 (Age Ret. - 80) $10,000 (Age Ret. - 80) $10,000 (Age Ret. - 80)

Annual Education Goals

John $50,763 (Age 18-21) $50,763 (Age 18-21) $50,763 (Age 18-21)Sara $39,716 (Age 18-21) $39,716 (Age 18-21) $39,716 (Age 18-21)

Annual Savings401K Catch up $5,500 (Age 52-54) $5,500 (Age 52-59) $5,500 (Age 52-61)401K Jim $17,500 (Age 52-54) $17,500 (Age 52-59) $17,500 (Age 52-61)Taxable $65,000 (Age 52-54) $50,000 (Age 52-59) $50,000 (Age 52-61)401K Susan $16,000 (Age 52-54) $16,000 (Age 52-59) $16,000 (Age 52-61)

Income Sources (Annual)Partnership Buyout $75,000 (Age 62-66) $75,000 (Age 62-66) $75,000 (Age 62-66)Jim's Whole Life Benefit $100,000 (Age Death-Death) $100,000 (Age Death-Death) $100,000 (Age Death-Death)




<50 75 90 100

<=50 9382


Ideal Recommended AcceptableAnnual Social Security Jim $23,222 (Age 62-Death) $23,660 (Age 62-Death) $23,697 (Age 62-Death) Susan $14,644 (Age 62-Death) $15,655 (Age 62-Death) $15,941 (Age 62-Death) Susan $8,578 (Age 93-End) $8,005 (Age 93-End) $7,756 (Age 93-End)

Estate Goal $2,000,000 $1,000,000 $500,000

Strategic Allocation Conservative Growth &Income (Age Now-End)

Moderate Growth &Income (Age Now-End)

AggressiveGrowth (Age Now-End)

Percent in Equities 39.0% 49.0% 84.0%Downside Risk -7.5% -9.3% -15.5%

Investment Plan Result 0 82 93

Moderate Growth & IncomeGrowth and income portfolios emphasize a blend of current income and capital appreciation and usually have some exposure to more volatile growth assets. Moderate Growth and Income investors are willing to accept a modest level of risk thatmay result in increased losses in exchange for the potential to receive modest returns. Please refer to the Disclosures for more detailed information.

This information is not used to update your client account profile information. Please contact your Financial Advisor if any changes are needed to update your client profile.

Your Recommended Investment Plan Result was calculated assuming that you will modify your strategic asset allocations, if applicable, throughout the life of the plan. The recommended strategic asset allocation reflected on this page illustrates thestrategic allocation you plan to implement now. Future allocations are illustrated on the Age Based Asset Allocation page.




Achieving Your Goals - Recommended Plan

Retirement Age

Jim 60Susan 60

Annual Retirement SpendingRetirement Spending $132,000 (Age 60-End)

Other GoalsExecutive Rv $250,000 (Age Ret. - Ret.)Travel Spending $10,000 (Age Ret. - 80)

Annual Education Goals

John - Saint Louis University $50,763 (Age 18-21)Sara - University of Virginia $39,716 (Age 18-21)

Annual Savings

401K Catch up $5,500 (Age 52-59)401K Jim $17,500 (Age 52-59)Taxable $50,000 (Age 52-59)401K Susan $16,000 (Age 52-59)

Income Sources (Annual)

Partnership Buyout $75,000 (Age 62-66)Jim's Whole Life Benefit $100,000 (Age Death-Death)

Social SecurityJim $23,660 (Age 62-Death)Susan $15,655 (Age 62-Death)Susan $8,005 (Age 93-End)

Estate Goal $1,000,000

Strategic Allocation Moderate Growth &Income (Age Now-End)

Percent in Equities 49.0%Downside Risk -9.3%

Investment Plan Result 82

$1,960,000

$2,140,000

$2,320,000

$2,500,000

$2,680,000

$2,860,000

$3,040,000

$3,220,000

$3,400,000

$3,580,000

Inve

stm

ents

53 54 55 56 57 58

Age (Susan Taylor)

Above Target (90th Percentile)

Below Target (75th Percentile)

Investment As Of Date

The Target Zone may help you evaluate your Recommended Investment Plan.It does not represent a projection of future portfolio values. The Target Zonegraph is shown in Actual dollars.

The Target Zone and Plan Result is reflective of the strategic recommendedasset allocation. If your current portfolio is not consistent with therecommended allocation, then your probability of success may be significantlydifferent than the Plan Result displayed. Envision uses Strategic CapitalMarket Assumptions for 10 years (representative of a one to two businesscycle time period) and Historical Based Planning Assumptions for additionalyears within the plan.

This information is not used to update your client account profile information. Please contact your Financial Advisor if any changes are needed to update your client profile.




Sensitivity AnalysisResults shown in Actual dollars

16%

24%

25%

72%

40%

33% 12%

36%

42%

$1,960,000

$2,140,000

$2,320,000

$2,500,000

$2,680,000

$2,860,000

$3,040,000

$3,220,000

$3,400,000

$3,580,000

Inve

stm

ents

53 54 55 56 57 58

Age (Susan Taylor)

Above Target (90th Percentile) Below Target (75th Percentile) Investment As Of Date

At 1 year At 3 years At 5 yearsProbability of being above the Target Zone 12 % 36 % 42 %Investment Value greater than $2,860,435 $3,131,852 $3,545,310

Probability of being below the Target Zone 16 % 24 % 25 %Investment Value less than $2,344,434 $2,643,662 $2,980,463

Probability of being out of the Target Zone 28 % 60 % 67 %

Probability of being in the Target Zone 72 % 40 % 33 %

Envision allows you to track the value of your portfolio over time as it relates to the Target Zone. As markets change, and as your personal goals and objectives change, you may see your portfolio value move out of the Target Zone. This SensitivityAnalysis shows the probability of being both below and above the Target Zone over a one, three and five year period.

If your portfolio value happens to move out of the Target Zone, this is an opportunity to discuss what changes may have occurred in the market, or what has changed in your life based on the recommendations in the plan. As part of the Envisionreview process, you and your Financial Advisor may want to make adjustments to move you back into the Target Zone and give you reasonable confidence in achieving your goals.




Cash Flow TimelineEnvision Plan Results: 82

Timeline Milestones

60 - Jim Retires 60 - Susan Retires

92 - Jim's Life Expectancy 95 - Susan's Life ExpectancySavings Income

SourcesRetirementSpending Other Goals Education

GoalsINFLOWS OUTFLOWS

52/5

253

/53

54/5

455

/55

56/5

657

/57

58/5

859

/59

60/6

061

/61

62/6

263

/63

64/6

465

/65

66/6

667

/67

68/6

869

/69

70/7

071

/71

72/7

273

/73

74/7

475

/75

76/7

677

/77

78/7

879

/79

80/8

081

/81

82/8

283

/83

84/8

485

/85

86/8

687

/87

88/8

889

/89

90/9

091

/91

92/9

293

/93

94/9

495

/95

401K Catch up - Jim

401K Jim - Jim

401K Susan - Susan

Taxable - Jim

Education Goal - Saint Louis University

Education Goal - University of Virginia

Retirement Spending

2016

2017

2018

2019

2020

2021

2022

2023

2024

2025

2026

2027

2028

2029

2030

2031

2032

2033

2034

2035

2036

2037

2038

2039

2040

2041

2042

2043

2044

2045

2046

2047

2048

2049

2050

2051

2052

2053

2054

2055

2056

2057

2058

2059




Cash Flow TimelineEnvision Plan Results: 82

Timeline Milestones

60 - Jim Retires 60 - Susan Retires

92 - Jim's Life Expectancy 95 - Susan's Life ExpectancySavings Income

SourcesRetirementSpending Other Goals Education

GoalsINFLOWS OUTFLOWS

52/5

253

/53

54/5

455

/55

56/5

657

/57

58/5

859

/59

60/6

061

/61

62/6

263

/63

64/6

465

/65

66/6

667

/67

68/6

869

/69

70/7

071

/71

72/7

273

/73

74/7

475

/75

76/7

677

/77

78/7

879

/79

80/8

081

/81

82/8

283

/83

84/8

485

/85

86/8

687

/87

88/8

889

/89

90/9

091

/91

92/9

293

/93

94/9

495

/95

Executive Rv - Jim

Travel Spending - Jim

Partnership Buyout - Jim

Social Security - Jim

Social Security - Susan

Jim's Whole Life Benefit - Jim

Social Security Survivor Benefits - Susan

2016

2017

2018

2019

2020

2021

2022

2023

2024

2025

2026

2027

2028

2029

2030

2031

2032

2033

2034

2035

2036

2037

2038

2039

2040

2041

2042

2043

2044

2045

2046

2047

2048

2049

2050

2051

2052

2053

2054

2055

2056

2057

2058

2059




Current vs. Strategic Allocation Plan Results - Asset Class Detail

Current Allocation Plan Result: 85 Strategic Allocation Plan Result: 82

Current Moderate Growth & Income













Other (2.16%)













Commodities (2.00%)


Average Return: 7.6% Average Return: 6.5% Downside Risk: -15.2% Downside Risk: -9.3%

Important Information: This page illustrates how your plan result may differ if you do not adopt the recommended strategic allocation. The current allocation planresult assumes that your current allocation will remain unchanged over the duration of the plan. The strategic allocation plan result assumes that you implement therecommended allocation and any future age-based allocations if they were included in the plan. There is no assurance that the recommended portfolio's objectiveswill be obtained.Current Allocation indicates how an investor's portfolio is allocated based on Wells Fargo Advisors asset classifications and current market value

Asset classification of holdings in external accounts where classification is not readily available may be assigned to a multi-asset class category or reassigned into additional asset classes by your Financial Advisor which may not be the mostaccurate asset class based on the holding's characteristics and risk profile. It is your responsibility to review the asset classification for external accounts and notify us of any changes.

Strategic Allocation illustrates how much of an investor's portfolio should be allocated to the various asset classes based on the recommended investment plan.

The risk and return information shown is based on the Strategic Capital Market Assumptions. Risk and return figures are based on forward looking asset class assumptions. For risk and return information, please see the Strategic Capital MarketAssumptions table in the disclosure section of this report. Downside risk represents the potential loss the allocation could experience in a severe market downturn. The portfolio faces approximately a 5% chance each year of experiencing a loss thislarge or larger. They are for illustrative purposes and are not designed to predict actual performance. Past performance is not a guarantee of future results.

The downside risk and average return for the current allocation are calculated based on a classification of the underlying holdings for funds, ETFs, UITs and annuity sub-accounts. For funds in alternative investment strategies and where underlyingholdings are not available for classification, the asset class assigned to that security is used. Underlying classification data is updated periodically and the frequency of updates will vary by fund.




Totals may not equal calculated amounts due to rounding differences.

The Disclosures include definitions of the terms on this page and other detailed information.




Monitoring Your Recommended Investment PlanThe cash flows for this plan were last inflated on 6/22/2016*

Recommended 10/28/2016 10/01/2016 07/01/2016 03/01/2016 01/01/2016 10/01/2015

Jim's Retirement Age 60 60 60 60 60 60

Susan's Retirement Age 60 60 60 60 60 60

Annual Retirement Spending $132,000 $135,000 $136,990 $133,000 $130,000 $144,200

Estate Goal $1,000,000 $1,000,000 $1,010,000 $1,000,000 $750,000 $1,020,000

Strategic AllocationModerate Growth &

IncomeModerate Growth &




IncomeConservative

Growth

Current Year Savings+ $89,000 $89,500 $101,300 $99,500 $99,500 $94,620

Income Sources - PartnershipBuyout - Jim

$75,000 $75,000 $76,875 $75,000 $75,000 $77,250

Income Sources - Jim's Whole LifeBenefit - Jim

$100,000 $100,000 $100,000 $100,000 $100,000 $100,000

Social Security - Jim $23,660 $23,640 $23,640 $22,851 $22,829 $22,829

Social Security - Susan $15,655 $15,505 $15,505 $15,512 $15,362 $15,362

Social Security - Survivor Benefits -Susan

$8,005 $8,135 $8,135 $7,339 $7,467 $7,467

Investment Value $2,350,000 $2,418,057 $2,254,569 $2,155,991 $2,111,764 $2,140,077

Other Goal - Executive Rv - Jim $250,000 $250,000 $257,500 $250,000 $250,000 $257,500

Other Goal - Travel Spending - Jim $10,000 $10,000 $15,375 $15,000 $15,000 $15,000

Education Goals - Saint LouisUniversity - John Taylor

$50,763 $50,763 $50,763 $48,346 $48,346 $48,346

Education Goals - University ofVirginia - Sara Taylor

$39,716 $39,716 $39,716 $37,825 $37,825 $37,825

Investment Plan Result 82 82 82 82 73 75




The cash flows for this plan were last inflated on 6/22/2016*

Recommended 07/01/2015 04/01/2015 01/01/2015 10/01/2014 07/01/2014 04/01/2014

Jim's Retirement Age 60 60 60 60 57 60

Susan's Retirement Age 60 60 60 60 57 60

Annual Retirement Spending $144,200 $140,000 $150,000 $150,000 $139,050 $135,000

Estate Goal $1,020,000 $1,000,000 $1,000,000 $1,000,000 $1,000,000 $1,000,000

Strategic AllocationConservative

GrowthConservative

GrowthConservative

GrowthConservative

GrowthConservative

GrowthConservative

Growth

Current Year Savings+ $94,620 $93,000 $93,000 $93,000 $77,680 $76,000

Income Sources - PartnershipBuyout - Jim

$77,250 $75,000 $75,000 $75,000 $77,250 $75,000

Income Sources - Jim's Whole LifeBenefit - Jim

$100,000 $100,000 $100,000 $100,000 $100,000 $100,000

Social Security - Jim $22,829 $22,829 $22,476 $22,476 $22,406 $22,461

Social Security - Susan $15,362 $15,362 $15,461 $15,461 $14,835 $15,312

Social Security - Survivor Benefits -Susan

$7,467 $7,467 $7,015 $7,015 $7,572 $7,150

Investment Value $2,331,580 $2,433,772 $2,256,413 $2,387,066 $2,458,279 $2,429,427

Other Goal - Executive Rv - Jim $257,500 $250,000 $250,000 $250,000 $250,000 $250,000

Other Goal - Travel Spending - Jim $15,000 $15,000 $15,000 $15,000 $10,300 $10,000

Education Goals - Saint LouisUniversity - John Taylor

$57,767 $55,016 $55,016 $55,016 $50,107 $47,495

Education Goals - University ofVirginia - Sara Taylor

$37,825 $36,024 $36,024 $36,024 $36,024 $34,146

Investment Plan Result 80 81 72 80 57 85* Cash flows are inflated once per year on the anniversary of the investment plan’s creation date. The inflating of cash flows is necessary to keep goals, savings, income sources, etc. up to date with their specified inflation rates.

+ This total does not include savings cash flows that start in the future. If future savings cash flows exist, they are included in the Envision analysis.

The table above indicates your Recommended Investment Plan and how changes to your goals and Investment Value have affected the Investment Plan Result over time. Investment Value includes assets currently held in accounts with our firm aswell as assets held at other firms. Values of assets held at other firms are based on information provided by you, and may not reflect current market value.

The Recommended Investment Plan assumes you implement the Strategic or Custom Allocation and includes expectations about savings and spending patterns that you provided. Please be sure to inform us of any changes to your goals, savingsand spending patterns and changes in the market value of assets held at other firms.

Your Recommended Investment Plan Result was calculated based on all of the information contained within your recommended plan as of the date in the column header.




Target Zone-Long TermResults shown in Actual Dollars

$1,100,000

$1,530,000

$1,960,000

$2,390,000

$2,820,000

$3,250,000

$3,680,000

$4,110,000

$4,540,000

$4,970,000

Inve

stm

ents

53 59 65 71 77 83 89 95 101

Age (Susan Taylor)

Above Target (90th Percentile) Below Target (75th Percentile) Investment As Of Date

The Target Zone and Plan Result is reflective of the strategic recommended asset allocation. If your current portfolio is not consistent with the recommendedallocation, then your probability of success may be significantly different than the Plan Result displayed. Envision uses Strategic Capital Market Assumptions for 10years (representative of a one to two business cycle time period) and Historical Based Planning Assumptions for additional years within the plan.

Monitoring Your Progress...




Investment markets, your financial goals, and your priorities can change over time. The Envision process recognizes that throughout your life things will change. Themonitoring process enables us to track your Investment Value so that, upon your request, we can monitor and review your progress towards your goals. Please besure to inform us of updates to your situation, including changes to your goals and priorities, so that we can work with you to monitor and modify your RecommendedInvestment Plan.




Sources of FundingAge 60 (Jim)

Investment Portfolio Need*(100.00%)

Spending Needs at Age 60

Retirement Spending $ 167,214

Executive Rv $ 316,693

Sara's Education+ $ 58,679

Travel Spending $ 12,184

Total $ 554,770

Sources of Funding

None Specified

Total $ 0

Investment Portfolio Need* = $ 554,770

+All or part of this education goal may be funded with existing 529 accounts which are not displayed in the "Sources of Funding" table.

Age 63 (Jim)

Social Security - Jim (13.48%)Social Security - Susan (8.92%)Partnership Buyout (41.35%)Investment Portfolio Need* (36.25%)




Total $ 195,904

Sources of Funding

Social Security - Jim $ 26,399

Social Security - Susan $ 17,468

Partnership Buyout $ 81,000

Total $ 124,867


Age 65 (Jim)

Social Security - Jim (13.48%)Social Security - Susan (8.92%)Partnership Buyout (41.35%)Investment Portfolio Need* (36.25%)




Total $ 207,834

Sources of Funding

Social Security - Jim $ 28,007

Social Security - Susan $ 18,531

Partnership Buyout $ 85,933

Total $ 132,471


*The Investment Portfolio Need is the net amount required from the investment portfolio after all other income sources have been applied to the spending need. It does not represent income provided bythe investment portfolio nor should it be assumed that the spending need can be met with portfolio withdrawals.




The sources of funding cash flows are hypothetical in nature and should be used only as a guideline. This report may display spending needs and the corresponding sources of funding for up to fivedifferent years as determined by your financial advisor. The other income sources are based upon assumptions that you have provided. To determine how much the investment portfolio must provide inorder to meet spending needs, first, all available other income sources are matched against the spending need. If, all other income sources are not sufficient to meet the spending need, then the analysisassumes the remainder will be made up with the investment portfolio.




Goal Funding Summary - Recommended Investment PlanResults shown in Actual dollars

$0

$50,000

$100,000

$150,000

$200,000

$250,000

$300,000

$350,000

$400,000

$450,000

$500,000

$550,000

60/60 64/64 68/68 72/72 76/76 80/80 84/84 88/88 92/92

Spen

ding

Nee

d

Age (Jim / Susan)

Social Security

Income Sources

Estimated Taxable Portfolio Income

Portfolio Withdrawal

Estimated Minimum Variable Annuity Income

Net Goal Funding Need

Total Investment Income Needed: $11,691,690-Estimated Portfolio Income: $118,780

-Other Income Sources: $3,052,895Estimated Portfolio Withdrawals: $8,520,015




Goal Funding Summary reflects any Social Security and Income Sources during retirement as well as estimated portfolio yield based off of the previous year's estimated taxable ending value. EstimatedPortfolio Taxable Income is based on yield assumptions and there is no assurance that they will be obtained. In addition, the portfolio withdrawals necessary to meet your Goal Funding Needs for yourRecommended Investment Plan are reflected. This is based upon information you provided. Because this information is likely to change over time, your actual cash flow experience will differ. You shouldperiodically review this information with your Financial Advisor and discuss any changes to your goals and personal situation in order to keep your Recommended Investment Plan up-to-date.




Scenario Comparison

<50 75 90 100

7882



Recommended Scenario #1 - Gift to Northwestern


Life ExpectancyJim 92 92

Susan 95 95

Retirement AgeJim 60 60

Susan 60 60

Annual Retirement Spending

Retirement Spending $132,000 (Age 60 - End) $132,000 (Age 60 - End)

Other GoalsNorthwestern Gift N/A $100,000 (Age 60 - 60)

Executive Rv $250,000 (Age Ret. - Ret.) $250,000 (Age Ret. - Ret.)

Travel Spending $10,000 (Age Ret. - 80) $10,000 (Age Ret. - 80)

Annual Education GoalsJohn - Saint Louis University $50,763 (Age 18-21) $50,763 (Age 18-21)

Sara - University of Virginia $39,716 (Age 18-21) $39,716 (Age 18-21)

Annual Savings401K Catch up $5,500 (Age 52 - 59) $5,500 (Age 52 - 59)




<50 75 90 100

7882



Recommended Scenario #1 - Gift to Northwestern

401K Jim $17,500 (Age 52 - 59) $17,500 (Age 52 - 59)

401K Susan $16,000 (Age 52 - 59) $16,000 (Age 52 - 59)

Taxable $50,000 (Age 52 - 59) $50,000 (Age 52 - 59)

Income Sources (Annual)Partnership Buyout $75,000 (Age 62 - 66) $75,000 (Age 62 - 66)

Jim's Whole Life Benefit $100,000 (Age Death - Death) $100,000 (Age Death - Death)

Annual Social Security

Jim $23,660 (Age 62 - Death) $23,660 (Age 62 - Death)

Susan $15,655 (Age 62 - Death) $15,655 (Age 62 - Death)

Susan $8,005 (Age 93 - End) $8,005 (Age 93 - End)

Estate Goal $1,000,000 $1,000,000

Strategic Allocation Moderate Growth &

Income (Age Now-End)Moderate Growth &

Income (Age Now-End) Percent in Equities 49.0% 49.0%

Downside Risk - 9.3% - 9.3%


* Cash flows are inflated once per year on the anniversary of the investment plan’s creation date. The inflating of cash flows is necessary to keep goals, savings, income sources, etc. up to date with their specified inflation rates.

The Scenario Comparison is hypothetical and not your Recommended Investment Plan. It is designed to illustrate "what-if" scenarios. The risk and return information shown is based on the Strategic Capital Market Assumptions. Risk and returnfigures are derived from standard investment industry statistical calculations. For risk and return information, please see the Strategic Capital Market Assumptions table in the disclosure section of this report. Downside risk represents the potentialloss the allocation could experience in a severe market downturn. The portfolio faces approximately a 5% chance each year of experiencing a loss this large or larger. They are for illustrative purposes and are not designed to predict actualperformance. Past performance is not a guarantee of future results.




Survivor Goals - Jim SurvivesThe cash flows for this plan were last inflated on 6/22/2016 *

Liabilities to be Paid Immediately

123 Main St. Mortgage $200,000.00

Final Expenses $10,558

Decedent's Annual Income Replacement $63,345 (Age Now-Ret.)

Survivor Goals

Retirement Age 52 Annual Retirement Spending $159,135 (Age 52-End) Estate Goal $1,030,200

Education Goals

Saint Louis University - John $51,301 (Age 18-21)University of Virginia - Sara $40,709 (Age 18-21)

Other Goals

Executive Rv $250,000 (Age Ret.-Ret.)Travel Spending $15,836 (Age Ret.-80)

Savings401K Catch up $5,500 (Age 52-51)401K Jim $18,476 (Age 53-51)Taxable $54,000 (Age 52-51)

Income Sources


Social Security Social Security Survivor Benefits $23,611+

Jim's Retirement Benefit $22,169 (Age 62-Death)

Strategic Allocation Conservative Growth Percent in Equities 68.0% Downside Risk - 12.5%

Total Value of Investments $2,350,000




Plan Result 82

Survivor Needs ResultEstimated Total Coverage Needed $3,070,000Existing Insurance Policies on Susan's Life $100,000 Estimated Additional Insurance Needed $2,970,000

* Cash flows are inflated once per year on the anniversary of the investment plan’s creation date. The inflating of cash flows is necessary to keep goals, savings, Income Sources, etc. up to date with their specified inflation rates.

+The Survivor Benefit amount shown here is for the first year only. Future benefits may be more or less.

Important InformationEstimated Total Coverage Needed: Indicates the total of your existing insurance plus your additional insurance need.

Existing Insurance Policies: Represents insurance coverage you identified as already having purchased.

Estimated Additional Insurance Needed: Represents the additional death benefit needed to meet the specific Survivor Goals stated in this survivor section.You may have additional estate or business planning needs which are beyond the scope of this analysis. Please consult with your Financial Advisor for additionalanalysis related to these issues.

The Survivor Needs page may include modified plan assumptions that anticipate the different needs you may have after the death of your spouse; your actualsituation may differ.

In anticipation of your survivor need, this analysis may exclude certain accounts identified in your Recommended Investment Plan.




Survivor Goals - Susan SurvivesThe cash flows for this plan were last inflated on 6/22/2016 *

Liabilities to be Paid Immediately

123 Main St. Mortgage $200,000.00

Final Expenses $10,558

Decedent's Annual Income Replacement $263,938 (Age Now-Ret.)

Survivor Goals

Retirement Age 52 Annual Retirement Spending $159,135 (Age 52-End) Estate Goal $1,030,200

Education Goals

Saint Louis University - John $50,763 (Age 18-21)University of Virginia - Sara $39,716 (Age 18-21)

Other Goals

Executive Rv $263,938 (Age 60-60)Travel Spending $15,836 (Age 60-80)

Savings401K Susan $16,000 (Age 52-51)

Income Sources


Social Security Social Security Survivor Benefits $38,795+

Susan's Retirement Benefit $22,169 (Age 62-Death)

Strategic Allocation Conservative Growth Percent in Equities 68.0% Downside Risk - 12.5%

Total Value of Investments $2,350,000

Plan Result 82




Survivor Needs ResultEstimated Total Coverage Needed $3,190,000Existing Insurance Policies on Jim's Life $700,000 Estimated Additional Insurance Needed $2,490,000

* Cash flows are inflated once per year on the anniversary of the investment plan’s creation date. The inflating of cash flows is necessary to keep goals, savings, Income Sources, etc. up to date with their specified inflation rates.

+The Survivor Benefit amount shown here is for the first year only. Future benefits may be more or less.

Important InformationEstimated Total Coverage Needed: Indicates the total of your existing insurance plus your additional insurance need.

Existing Insurance Policies: Represents insurance coverage you identified as already having purchased.

Estimated Additional Insurance Needed: Represents the additional death benefit needed to meet the specific Survivor Goals stated in this survivor section.You may have additional estate or business planning needs which are beyond the scope of this analysis. Please consult with your Financial Advisor for additionalanalysis related to these issues.

The Survivor Needs page may include modified plan assumptions that anticipate the different needs you may have after the death of your spouse; your actualsituation may differ.

In anticipation of your survivor need, this analysis may exclude certain accounts identified in your Recommended Investment Plan.




Long-Term Care Comparison - Jim LTC Event assumes death at the end of the long-term care event - age 84

Recommended Recommended With

Coverage Long-Term Care Event

Without Coverage Long-Term Care Event

With CoverageInvestment Plan Results 82 75 69 73Long-Term Care Costs

Out of Pocket Cost N/A N/A $91,287 (Age 80 - 84) N/A

LTC Premium N/A $100,000 (Age Now - 53) N/A $100,000 (Age Now - 53)

Retirement Goals

Jim's Retirement Age 60 60 60 60

Susan's Retirement Age 60 60 60 60

Retirement Spending $132,000 (Age 60 - End) $132,000 (Age 60 - End) $132,000 (Age 60 - End) $132,000 (Age 60 - End)

Education Goals

Saint Louis University -John

$50,763 (Age 18-21) $50,763 (Age 18-21) $50,763 (Age 18-21) $50,763 (Age 18-21)

University of Virginia -Sara

$39,716 (Age 18-21) $39,716 (Age 18-21) $39,716 (Age 18-21) $39,716 (Age 18-21)

Other Goals

Executive Rv - Jim $250,000 (Age Ret. -

Ret.)$250,000 (Age Ret. -

Ret.)$250,000 (Age Ret. -

Ret.)$250,000 (Age Ret. -

Ret.)Travel Spending - Jim $10,000 (Age Ret. - 80) $10,000 (Age Ret. - 80) $10,000 (Age Ret. - 80) $10,000 (Age Ret. - 80)

Savings Contribution

DEFERRED - Jim $5,500 (Age 52 - 59) $5,500 (Age 52 - 59) $5,500 (Age 52 - 59) $5,500 (Age 52 - 59)


DEFERRED - Susan $16,000 (Age 52 - 59) $16,000 (Age 52 - 59) $16,000 (Age 52 - 59) $16,000 (Age 52 - 59)

TAXABLE - Jim $50,000 (Age 52 - 59) $50,000 (Age 52 - 59) $50,000 (Age 52 - 59) $50,000 (Age 52 - 59)

Income Sources

Partnership Buyout - Jim $75,000 (Age 62 - 66) $75,000 (Age 62 - 66) $75,000 (Age 62 - 66) $75,000 (Age 62 - 66)

Jim's Whole Life Benefit# -Jim

$100,000 (Age Death -

Death)$100,000 (Age Death -



Death)




LTC Event assumes death at the end of the long-term care event - age 84




With CoverageSocial Security

Jim $23,660 (Age 62 - Death) $23,660 (Age 62 - Death) $23,660 (Age 62 - Death) $23,660 (Age 62 - Death)

Susan $15,655 (Age 62 - Death) $15,655 (Age 62 - Death) $15,655 (Age 62 - Death) $15,655 (Age 62 - Death)

Susan $8,005 (Age 93 - End) $8,005 (Age 93 - End) $8,005 (Age 85 - End) $8,005 (Age 85 - End)

Estate Goal $1,000,000 $1,000,000 $1,030,200 $1,030,200





Income (Age Now-End) Percent in Equities 49.0% 49.0% 49.0% 49.0%

Downside Risk -9.3% -9.3% -9.3% -9.3%

Total Value of Investments $2,350,000 $2,350,000 $2,350,000 $2,350,000

Investment Plan Results 82 75 69 73

#This cash flow was selected to continue after the LTC event.

Your Financial Advisor has provided the estimated annual out of pocket cost for long-term care. The actual costs incurred may be higher or lower than those indicated.

Your Financial Advisor has provided the estimated annual premium for long-term care insurance. The number provided is only an estimate and your actual premium costs will be different based on: product, underwriting risk classification, policyfeatures, and benefits selected.Traditional long-term care insurance policies are typically guaranteed renewable, however the insurer has the right to increase premiums if needed in the future, subject to the acceptance of the appropriate state insurance department, but only of allpolicies within a class. Premiums cannot be increased due to changes in the insured's age or health.Long-term care insurance policies have exclusions and limitations. Consult the insurer's state-specific outline of coverage for additional details. Product features and benefits are dependent upon the minimum premium requirements and the claims-paying ability of the issuer. The benefit may not cover the entire cost of long-term care. Long-term care insurance may not be suitable for everyone.




Long-Term Care Comparison - Susan LTC Event assumes death at the end of the long-term care event - age 76




With CoverageInvestment Plan Results 82 78 72 78Long-Term Care Costs

Out of Pocket Cost N/A N/A $107,310 (Age 73 - 76) N/A

LTC Premium N/A

$5,430 (Age Now -Death)

N/A $5,430 (Age Now - 73)

Retirement Goals

Jim's Retirement Age 60 60 60 60

Susan's Retirement Age 60 60 60 60

Retirement Spending $132,000 (Age 60 - End) $132,000 (Age 60 - End) $132,000 (Age 60 - End) $132,000 (Age 60 - End)

Education Goals

Saint Louis University -John

$50,763 (Age 18-21) $50,763 (Age 18-21) $50,763 (Age 18-21) $50,763 (Age 18-21)

University of Virginia -Sara

$39,716 (Age 18-21) $39,716 (Age 18-21) $39,716 (Age 18-21) $39,716 (Age 18-21)

Other Goals

Executive Rv - Jim $250,000 (Age Ret. -

Ret.)$250,000 (Age Ret. -

Ret.)$250,000 (Age Ret. -

Ret.)$250,000 (Age Ret. -

Ret.)Travel Spending - Jim $10,000 (Age Ret. - 80) $10,000 (Age Ret. - 80) $10,000 (Age Ret. - 80) $10,000 (Age Ret. - 80)

Savings Contribution



DEFERRED - Susan $16,000 (Age 52 - 59) $16,000 (Age 52 - 59) $16,000 (Age 52 - 59) $16,000 (Age 52 - 59)

TAXABLE - Jim $50,000 (Age 52 - 59) $50,000 (Age 52 - 59) $50,000 (Age 52 - 59) $50,000 (Age 52 - 59)

Income Sources

Partnership Buyout - Jim $75,000 (Age 62 - 66) $75,000 (Age 62 - 66) $75,000 (Age 62 - 66) $75,000 (Age 62 - 66)Jim's Whole Life Benefit -Jim

$100,000 (Age Death -




Death)




LTC Event assumes death at the end of the long-term care event - age 76




With CoverageSocial Security

Jim $23,660 (Age 62 - Death) $23,660 (Age 62 - Death) $23,660 (Age 62 - Death) $23,660 (Age 62 - Death)

Susan $15,655 (Age 62 - Death) $15,655 (Age 62 - Death) $15,655 (Age 62 - Death) $15,655 (Age 62 - Death)

Susan $8,005 (Age 93 - End) $8,005 (Age 93 - End) N/A N/A

Estate Goal $1,000,000 $1,000,000 $1,030,200 $1,030,200





Income (Age Now-End) Percent in Equities 49.0% 49.0% 49.0% 49.0%

Downside Risk -9.3% -9.3% -9.3% -9.3%

Total Value of Investments $2,350,000 $2,350,000 $2,350,000 $2,350,000

Investment Plan Results 82 78 72 78

Estimated annual cost for long-term care is based on the Delaware average semi-private room nursing home costs. Room rates were obtained from nursing homes that are licensed, provide both skilled and custodial care, and have a semi-privatepay rate for custodial care, not the Medicare or Medicaid reimbursed rate.

Estimated long-term care insurance premiums assume a healthy, non-smoker with no pre-existing conditions. The premium assumption is based on a four year benefit for semi-private room care with a 90 day elimination period. The numberprovided is only an estimate and your actual premium costs will be different based on: product, underwriting risk classification, policy features, and benefits selected. The benefit may not cover the entire cost of long-term care. Long-term careinsurance may not be suitable for everyone.




Annuity Scenario

<50 75 90 100

8182



Recommended Annuity Scenario


Modeled AnnuitiesVariable Annuity - GMIB -Withdrawal Income ($100,000)

N/A $7,387 (Age 60 - 72)

Variable Annuity - GMIB -Annuitized Income ($100,000)

N/A $6,324 (Age 73 - End)

Life ExpectancyJim 92 92

Susan 95 95

Retirement AgeJim 60 60

Susan 60 60

Annual Retirement Spending

Retirement Spending $132,000 (Age 60 - End) $132,000 (Age 60 - End)

Other GoalsExecutive Rv $250,000 (Age Ret. - Ret.) $250,000 (Age Ret. - Ret.)

Travel Spending $10,000 (Age Ret. - 80) $10,000 (Age Ret. - 80)

Annual Education GoalsJohn - Saint Louis University $50,763 (Age 18-21) $50,763 (Age 18-21)




<50 75 90 100

8182




Sara - University of Virginia $39,716 (Age 18-21) $39,716 (Age 18-21)

Annual Savings401K Catch up $5,500 (Age 52 - 59) $5,500 (Age 52 - 59)

401K Jim $17,500 (Age 52 - 59) $17,500 (Age 52 - 59)

401K Susan $16,000 (Age 52 - 59) $16,000 (Age 52 - 59)

Taxable $50,000 (Age 52 - 59) $50,000 (Age 52 - 59)

Income Sources (Annual)Partnership Buyout $75,000 (Age 62 - 66) $75,000 (Age 62 - 66)

Jim's Whole Life Benefit $100,000 (Age Death - Death) $100,000 (Age Death - Death)

Annual Social Security

Jim $23,660 (Age 62 - Death) $23,660 (Age 62 - Death)

Susan $15,655 (Age 62 - Death) $15,655 (Age 62 - Death)

Susan $8,005 (Age 93 - End) $8,005 (Age 93 - End)

Estate Goal $1,000,000 $1,010,000



Income (Age Now-End) Percent in Equities 49.0% 49.0%

Downside Risk - 9.3% - 9.3%






This is not an offer or solicitation of an annuity. Please speak with your licensed insurance representative for more information.




Annuity Scenario Comparison SummaryPlan Result Comparison

<50 75 90 100

8182


Sources of Funding

The inclusion of annuity income may increase the amount of stable income generated from your portfolio.

Sources of Funding: Age 60


None SpecifiedAnnuity Scenario (0.95%)- Variable Annuity - GMIBInvestment Portfolio Need* (99.05%)

Investment Portfolio Need* = $ 554,770 Investment Portfolio Need* = $ 549,494

+All or part of this education goal may be funded with existing 529 accounts which are not displayed in the "Sources of Funding" table.

*The Investment Portfolio Need is the net amount required from the investment portfolio after all other income sources have been applied to the spending need. It does not represent income provided bythe investment portfolio nor should it be assumed that the spending need can be met with portfolio withdrawals.

The sources of funding cash flows are hypothetical in nature and should be used only as a guideline. This report may display spending needs and the corresponding sources of funding for up to fivedifferent years as determined by your financial advisor. The other income sources are based upon assumptions that you have provided. To determine how much the investment portfolio must provide inorder to meet spending needs, first, all available other income sources are matched against the spending need. If, all other income sources are not sufficient to meet the spending need, then the analysisassumes the remainder will be made up with the investment portfolio. This analysis does not consider Required Minimum Distributions or the potential need for leverage to be used.




**This is not an offer or solicitation of an annuity. Please speak with your licensed insurance representative for more information.




Goal Funding Summary Comparison

$0

$50,000

$100,000

$150,000

$200,000

$250,000

$300,000

$350,000

$400,000

$450,000

$500,000

$550,000

60/60 64/64 68/68 72/72 76/76 80/80 84/84 88/88 92/92

Spen

ding

Nee

d

Recommended

Age (Jim / Susan)

$0

$50,000

$100,000

$150,000

$200,000

$250,000

$300,000

$350,000

$400,000

$450,000

$500,000

$550,000

60/60 64/64 68/68 72/72 76/76 80/80 84/84 88/88 92/92Sp

endi

ng N

eed

Annuity Scenario

Age (Jim / Susan)

Social Security

Income Sources

Estimated Taxable Portfolio Income

Portfolio Withdrawal

Estimated Minimum Variable Annuity Income

Estimated Scenario Variable Annuity Income

Net Goal Funding Need

Total Investment Income Needed: $ 11,691,690-Estimated Portfolio Income: $ 118,780

-Other Income Sources: $ 3,052,895Estimated Portfolio Withdrawals: $ 8,520,015

Total Investment Income Needed: $ 11,691,690-Estimated Portfolio Income: $ 159,633

-Other Income Sources: $ 3,034,687-Estimated Scenario Variable Annuity Income: $ 215,382

Estimated Portfolio Withdrawals: $ 8,281,988*This is not an offer or solicitation of an annuity. Please speak with your licensed insurance representative for more information.Goal Funding Summary reflects any Social Security and Income Sources during retirement as well as estimated portfolio yield based off of the previous year's estimated taxable ending value. EstimatedPortfolio Taxable Income is based on yield assumptions and there is no assurance that they will be obtained. In addition, the portfolio withdrawals necessary to meet your Goal Funding Needs for yourRecommended Investment Plan are reflected. This is based upon information you provided. Because this information is likely to change over time, your actual cash flow experience will differ. You shouldperiodically review this information with your Financial Advisor and discuss any changes to your goals and personal situation in order to keep your Recommended Investment Plan up-to-date.*Represents the total of all calculated minimum variable annuity income benefits.




Annuity Scenario Modeling Assumptions

Variable Annuity - GMIB

Funding Account: XXXX8888Funding Account Name: Susan's IRAInitial Amount: $ 100,000Annuity Type: Annuity with Living BenefitsSingle or Joint Life: JointOwner: JointIncome Start Age: RetRider: VA w Income BenefitEst. Minimum Annual Income: $ 6,324Deferral Bonus Type: CompoundAnnual Deferral Bonus Pct: 5.00%Annual Deferral Bonus Duration: Age 90Withdrawal Impact to Benefit Base: Dollar for Dollar

*This is not an offer or a solicitation of an annuity. Please speak with your licensed insurance representative for more information. Market value step ups are not modeled. For income benefit annuities, income amounts are calculated using a genericannuitization table. Actual values may differ. All contracts differ in terms, cost, and benefits. The hypothetical results shown in this illustration approximates results that are currently available. If you decided to invest, we can't assure you that anannuity will be available with the potential income streams shown.




Strategic Allocation Investment Objectives

Conservative IncomeIncome portfolios emphasize current income with minimal consideration forcapital appreciation and usually have less exposure to more volatile growthassets. Conservative Income investors generally assume lower risk, but maystill experience losses or have lower expected income returns.

Conservative Growth & IncomeGrowth and income portfolios emphasize a blend of current income and capitalappreciation and usually have some exposure to more volatile growth assets.Conservative Growth and Income investors generally assume a lower amountof risk, but may still experience losses or have lower expected returns.

Conservative GrowthGrowth portfolios emphasize capital appreciation with minimal considerationfor current income and usually have significant exposure to more volatilegrowth assets. Conservative Growth investors generally assume a loweramount of risk, but may still experience increased losses or have lowerexpected growth returns.

Moderate IncomeIncome portfolios emphasize current income with minimal consideration forcapital appreciation and usually have less exposure to more volatile growthassets. Moderate Income investors are willing to accept a modest level of riskthat may result in increased losses in exchange for the potential to receivemodest income returns.

Moderate Growth & IncomeGrowth and income portfolios emphasize a blend of current income and capitalappreciation and usually have some exposure to more volatile growth assets.Moderate Growth and Income investors are willing to accept a modest level ofrisk that may result in increased losses in exchange for the potential to receivemodest returns.

Moderate GrowthGrowth portfolios emphasize capital appreciation with minimal considerationfor current income and usually have significant exposure to more volatilegrowth assets. Moderate Growth investors are willing to accept a modest level

of risk that may result in significant losses in exchange for the potential toreceive higher returns.

Aggressive IncomeIncome portfolios emphasize current income with minimal consideration forcapital appreciation and usually have less exposure to more volatile growthassets. Aggressive Income investors seek a higher level of returns and arewilling to accept a higher level of risk that may result in greater losses.

Aggressive Growth & IncomeGrowth and Income portfolios emphasize a blend of current income and capitalappreciation and usually have some exposure to more volatile growth assets.Aggressive Growth and Income investors seek a higher level of returns andare willing to accept a higher level of risk that may result in greater losses.

Aggressive GrowthGrowth portfolios emphasize capital appreciation with minimal considerationfor current income and usually have significant exposure to more volatilegrowth assets. Aggressive Growth investors seek a higher level of returns andare willing to accept a high level of risk that may result in more significantlosses.

Your actual asset allocation may vary from the Strategic or Custom Allocation, based upon your individual circumstances.There can be no guarantee that your investment goals will be reached by following a prescribed asset allocation model.




The Strategic AllocationsConservative Income

Average Return: 3.8%

Downside Risk: -2.7%












Conservative Growth & Income















Commodities (2.00%)


Conservative Growth















Commodities (2.00%)





Moderate Income















Moderate Growth & Income















Commodities (2.00%)


Moderate Growth















Commodities (2.00%)


Aggressive Income


















Aggressive Growth & Income















Commodities (2.00%)


Aggressive Growth












Commodities (2.00%)


The risk and return information shown is based on the Strategic Capital Market Assumptions. Risk and return figuresare based on forward looking asset class assumptions. For risk and return information, please see the Strategic CapitalMarket Assumptions table in the disclosure section of this report. Downside risk represents the potential loss theallocation could experience in a severe market downturn. The portfolio faces approximately a 5% chance each yearof experiencing a loss this large or larger. They are for illustrative purposes and are not designed to predict actualperformance. Past performance is not a guarantee of future results.




Current vs Strategic Allocation - Asset ClassCurrent Moderate Growth & Income

Equities (91.17%)

Fixed Income (0.54%)

Real Assets (1.23%)


Other (2.16%)

Equities (49.00%)

Fixed Income (41.00%)

Real Assets (7.00%)


Average Return: 7.6% Average Return: 6.5%

Downside Risk: -15.2% Downside Risk: -9.3%

On this Current vs Strategic Allocation report, all individual funds, ETFs, UITs and annuity sub-accounts may be assigned to multiple asset classes based on theirunderlying holdings. Funds in alternative investment strategies are assigned to a single asset class.

Long Positions

Asset Class Current Strategic Difference Equities $ 2,142,573.43 91.17% $ 1,151,500.00 49.00% $ - 991,073.43 - 42.17%

Fixed Income $ 12,717.01 0.54% $ 963,500.00 41.00% $ 950,782.99 40.46%

Real Assets $ 28,789.66 1.23% $ 164,500.00 7.00% $ 135,710.34 5.77%

Cash Alternatives $ 115,254.97 4.90% $ 70,500.00 3.00% $ - 44,754.97 - 1.90%

Other $ 50,664.93 2.16% $ 0.00 0.00% $ - 50,664.93 - 2.16%

Total: $ 2,350,000.00 100.00% $ 2,350,000.00 100.00% $ 0.00 0.00%




Current Allocation indicates how an investor's portfolio is allocated based on Wells Fargo Advisors asset classifications and current market value



Your current portfolio allocation may classify assets based on the underlying holdings of funds, ETFs, UITs and annuity sub-accounts. For funds in alternative investment strategies and where underlying holdings are not available for classification,the asset class assigned to that security is used. The Cash Alternatives asset class may include cash alternatives or other securities such as futures settlements, synthetic securities or securities in the form of a trust. These securities have uniquerisks and characteristics and can lose value. For more information on these types of investments, consult the fund prospectus. Underlying classification data is updated periodically and the frequency of updates will vary by fund. When repositioningassets within your portfolio, it is important to note that underlying holdings of funds, ETFs, UITs and annuity sub-account shares cannot be bought or sold individually. You may only buy or sell shares of the actual funds, ETFs and UITs.





Market Values are based on closing prices and positions as of 3/11/2016 for security level holdings.

If we have included or if you have provided us with information on accounts managed by you or an affiliate of Wells Fargo Advisors, including self-directed WellsTrade accounts at Wells Fargo Advisors, and fiduciary accounts at Wells Fargo Bank,N.A., you should understand that Wells Fargo Advisors has no authority to manage or influence the management of such accounts. With respect to such accounts, the Strategic Allocation and Differences listed on this page are for informationpurposes only and should not be considered a recommendation from Wells Fargo Advisors or your Financial Advisor. The views, opinions, asset allocation models and forecasts may differ from our affiliates.




Current vs Strategic Allocation - Asset Class with Securities


Long Positions

Asset Class Type % of Fund Current Strategic Difference Equities $ 2,142,573.43 91.17% $ 1,151,500.00 49.00% $ - 991,073.43 - 42.17%

ALCOA INC $ 13,064.19 0.56%

AMER FDS GRWTH FD AMR A 90.5% $ 465,474.91 19.81%

AMER FDS SMALLCAP WLD A 86.0% $ 88,780.43 3.78%

APPLE INC $ 15,151.82 0.64%

CATERPILLAR INC $ 21,218.62 0.90%

CHEVRON CORPORATION $ 25,020.59 1.06%

DAVIS NY VENTURE FD CL A 98.7% $ 164,675.16 7.01%

GROWTH FUND AMERICA R-3 90.5% $ 155,600.83 6.62%

HARTFORD CAP APPREC FD-A 94.4% $ 155,491.13 6.62%

HARTFORD MID CAP FD CL-A 99.5% $ 223,090.35 9.49%

HOME DEPOT INC $ 20,169.55 0.86%

KEELEY S/C VALU FD CL-A 85.7% $ 147,707.76 6.29%

LOWES COMPANIES INC $ 34,113.79 1.45%

MICROSOFT CORP $ 44,271.44 1.88%

NEW ECONOMY FD SBI CL A 87.7% $ 198,204.05 8.43%

OFFICE DEPOT INC $ 3,630.00 0.15%

TEMPLETON FOREIGN FD A 98.4% $ 94,548.81 4.02%

U.S. Large Cap Equities $ 200,000.00 8.51%

WELLS FARGO & CO NEW $ 72,360.00 3.08%

Fixed Income $ 12,717.01 0.54% $ 963,500.00 41.00% $ 950,782.99 40.46%


AMER FDS SMALLCAP WLD A 0.8% $ 776.70 0.03%







Long Positions

Asset Class Type % of Fund Current Strategic Difference Real Assets $ 28,789.66 1.23% $ 164,500.00 7.00% $ 135,710.34 5.77%






NEW ECONOMY FD SBI CL A 0.4% $ 985.08 0.04%




Cash Alternatives $ 61,000.00 2.60%







Other $ 50,664.93 2.16% $ 0.00 0.00% $ - 50,664.93 - 2.16%







Total : $ 2,350,000.00 100.00% $ 2,350,000.00 100.00% $ 0.00 0.00%







The Disclosures include definitions of the terms on this page and other detailed information. The securities detail can include information that you have provided and information based on our records. Our firm assumes no responsibility for theaccuracy or completeness of the information you provided.






Current vs Strategic Allocation - Asset Class TypeCurrent Moderate Growth & Income







U.S. Taxable Investment Grade Fixed Income(0.45%)


High Yield Fixed Income (0.02%)




Other (2.16%)






U.S. Taxable Investment Grade Fixed Income(27.00%)



High Yield Fixed Income (6.00%)


Commodities (2.00%)





Long Positions

Asset Class Type Current Strategic Difference U.S. Large Cap Equities $ 1,178,700.37 50.16% $ 493,500.00 21.00% $ - 685,200.37 - 29.16%

U.S. Mid Cap Equities $ 395,336.57 16.82% $ 211,500.00 9.00% $ - 183,836.57 - 7.82%

U.S. Small Cap Equities $ 202,460.13 8.62% $ 188,000.00 8.00% $ - 14,460.13 - 0.62%

Developed Market Ex-U.S. Equities $ 263,368.27 11.21% $ 141,000.00 6.00% $ - 122,368.27 - 5.21%

Emerging Market Equities $ 83,939.14 3.57% $ 117,500.00 5.00% $ 33,560.86 1.43%

Specialty Equities $ 18,768.95 0.80% $ 0.00 0.00% $ - 18,768.95 - 0.80%

U.S. Taxable Investment Grade FixedIncome

$ 10,554.77 0.45% $ 634,500.00 27.00% $ 623,945.23 26.55%

Developed Market Ex-U.S. FixedIncome

$ 0.00 0.00% $ 70,500.00 3.00% $ 70,500.00 3.00%

Emerging Market Fixed Income $ 210.84 0.01% $ 117,500.00 5.00% $ 117,289.16 4.99%

High Yield Fixed Income $ 509.00 0.02% $ 141,000.00 6.00% $ 140,491.00 5.98%




Long Positions

Asset Class Type Current Strategic Difference Specialty Fixed Income $ 1,442.40 0.06% $ 0.00 0.00% $ - 1,442.40 - 0.06%

Public Real Estate $ 28,789.66 1.23% $ 117,500.00 5.00% $ 88,710.34 3.77%

Commodities $ 0.00 0.00% $ 47,000.00 2.00% $ 47,000.00 2.00%


Other $ 50,664.93 2.16% $ 0.00 0.00% $ - 50,664.93 - 2.16%

Total: $ 2,350,000.00 100.00% $ 2,350,000.00 100.00% $ 0.00 0.00%














Current vs Strategic Allocation - Asset Class Type with Securities


Long Positions

Asset Class Type % of Fund Current Strategic Difference U.S. Large Cap Equities $ 1,178,700.37 50.16% $ 493,500.00 21.00% $ - 685,200.37 - 29.16%



APPLE INC $ 15,151.82 0.64%







HOME DEPOT INC $ 20,169.55 0.86%








ALCOA INC $ 13,064.19 0.56%












Long Positions

Asset Class Type % of Fund Current Strategic Difference TEMPLETON FOREIGN FD A 2.1% $ 2,040.44 0.09%




DAVIS NY VENTURE FD CL A 0.1% $ 172.30 0.01%







TEMPLETON FOREIGN FD A 0.7% $ 702.25 0.03%






















Long Positions

Asset Class Type % of Fund Current Strategic Difference TEMPLETON FOREIGN FD A 14.7% $ 14,130.34 0.60%


AMER FDS GRWTH FD AMR A 0.2% $ 776.43 0.03%



GROWTH FUND AMERICA R-3 0.2% $ 259.55 0.01%


HARTFORD MID CAP FD CL-A 0.1% $ 216.12 0.01%


U.S. Taxable Investment Grade FixedIncome

$ 10,554.77 0.45% $ 634,500.00 27.00% $ 623,945.23 26.55%






Developed Market Ex-U.S. Fixed Income $ 0.00 0.00% $ 70,500.00 3.00% $ 70,500.00 3.00% Emerging Market Fixed Income $ 210.84 0.01% $ 117,500.00 5.00% $ 117,289.16 4.99%


High Yield Fixed Income $ 509.00 0.02% $ 141,000.00 6.00% $ 140,491.00 5.98%




Specialty Fixed Income $ 1,442.40 0.06% $ 0.00 0.00% $ - 1,442.40 - 0.06%






Long Positions

Asset Class Type % of Fund Current Strategic Difference Public Real Estate $ 28,789.66 1.23% $ 117,500.00 5.00% $ 88,710.34 3.77%







Commodities $ 0.00 0.00% $ 47,000.00 2.00% $ 47,000.00 2.00% Cash Alternatives $ 115,254.97 4.90% $ 70,500.00 3.00% $ - 44,754.97 - 1.90%










Other $ 50,664.93 2.16% $ 0.00 0.00% $ - 50,664.93 - 2.16%







Total : $ 2,350,000.00 100.00% $ 2,350,000.00 100.00% $ 0.00 0.00%





Current vs Strategic Allocation - Asset Class DetailCurrent Moderate Growth & Income













Other (2.16%)













Commodities (2.00%)





Long Positions

Asset Class Detail Current Strategic Difference U.S. Large Cap Equities $ 1,178,700.37 50.16% $ 493,500.00 21.00% $ - 685,200.37 - 29.16%






U.S. Short Term Taxable Fixed Income $ 0.00 0.00% $ 94,000.00 4.00% $ 94,000.00 4.00%

U.S. Intermediate Taxable Fixed Income $ 0.00 0.00% $ 376,000.00 16.00% $ 376,000.00 16.00%

U.S. Long Term Taxable Fixed Income $ 10,554.77 0.45% $ 164,500.00 7.00% $ 153,945.23 6.55%

Developed Market Ex-U.S. FixedIncome

$ 0.00 0.00% $ 70,500.00 3.00% $ 70,500.00 3.00%




Long Positions

Asset Class Detail Current Strategic Difference Emerging Market Fixed Income $ 210.84 0.01% $ 117,500.00 5.00% $ 117,289.16 4.99%

High Yield Taxable Fixed Income $ 509.00 0.02% $ 141,000.00 6.00% $ 140,491.00 5.98%



Commodities $ 0.00 0.00% $ 47,000.00 2.00% $ 47,000.00 2.00%


Other $ 50,664.93 2.16% $ 0.00 0.00% $ - 50,664.93 - 2.16%

Total: $ 2,350,000.00 100.00% $ 2,350,000.00 100.00% $ 0.00 0.00%














Current vs Strategic Allocation - Asset Class Detail with Securities


Long Positions

Asset Class Detail % of Fund Current Strategic Difference U.S. Large Cap Equities $ 1,178,700.37 50.16% $ 493,500.00 21.00% $ - 685,200.37 - 29.16%



APPLE INC $ 15,151.82 0.64%







HOME DEPOT INC $ 20,169.55 0.86%








ALCOA INC $ 13,064.19 0.56%












Long Positions

Asset Class Detail % of Fund Current Strategic Difference TEMPLETON FOREIGN FD A 2.1% $ 2,040.44 0.09%











TEMPLETON FOREIGN FD A 0.7% $ 702.25 0.03%






















Long Positions

Asset Class Detail % of Fund Current Strategic Difference TEMPLETON FOREIGN FD A 14.7% $ 14,130.34 0.60%







HARTFORD MID CAP FD CL-A 0.1% $ 216.12 0.01%


U.S. Short Term Taxable Fixed Income $ 0.00 0.00% $ 94,000.00 4.00% $ 94,000.00 4.00% U.S. Intermediate Taxable Fixed Income $ 0.00 0.00% $ 376,000.00 16.00% $ 376,000.00 16.00% U.S. Long Term Taxable Fixed Income $ 10,554.77 0.45% $ 164,500.00 7.00% $ 153,945.23 6.55%






Developed Market Ex-U.S. Fixed Income $ 0.00 0.00% $ 70,500.00 3.00% $ 70,500.00 3.00% Emerging Market Fixed Income $ 210.84 0.01% $ 117,500.00 5.00% $ 117,289.16 4.99%


High Yield Taxable Fixed Income $ 509.00 0.02% $ 141,000.00 6.00% $ 140,491.00 5.98%








Long Positions

Asset Class Detail % of Fund Current Strategic Difference AMER FDS GRWTH FD AMR A 0.2% $ 1,081.03 0.05%









Commodities $ 0.00 0.00% $ 47,000.00 2.00% $ 47,000.00 2.00% Cash Alternatives $ 115,254.97 4.90% $ 70,500.00 3.00% $ - 44,754.97 - 1.90%










Other $ 50,664.93 2.16% $ 0.00 0.00% $ - 50,664.93 - 2.16%







Total : $ 2,350,000.00 100.00% $ 2,350,000.00 100.00% $ 0.00 0.00%




Current vs Strategic - Efficient Frontier

3

4

5

6

7

8Ave

rage

Ret

urn

(%)

2 5 8 11 14 17

Downside Risk (%)

Average Return: Downside Risk:

Current Allocation 7.6% -15.2%

Moderate Growth & Income 6.5% -9.3%

Aggressive Growth

Moderate Growth

Conservative Growth

Aggressive Growth & Income

Moderate Growth & Income

Conservative Growth & Income

Aggressive Income

Moderate Income

Conservative Income

Your Recommended Investment Plan Result was calculated assuming that you will modify your strategic asset allocations, if applicable, throughout the life of the plan. The recommended strategic asset allocation reflected on this page illustrates thecurrent recommended strategic allocation. Future allocations are illustrated on the Age Based Asset Allocation page.

Each Strategic Allocation has an average return and level of Downside Risk. An "efficient" portfolio allocation is designed to seek the maximum rate of return for the amount of risk assumed. The Efficient Frontier is created to represent the optimalrate of return attainable for any determined level of risk. In theory, the closer your portfolio allocation came to the efficient frontier, the more return you received for the amount of risk you assumed.






Account SummaryOn this Account Summary report, all individual funds ETFs, UITs and annuity sub-accounts may be assigned to multiple asset classes based on their underlyingholdings. Funds in alternative investment strategies are assigned to a single asset class.

XXXX8888 (Jim's Profit Share Plan) (EXTERNAL) Last Updated: 10/20/2016

Asset Allocation













Other (2.95%)

Security Level - Long PositionsName Amount %

AMER FDS GRWTH FD AMR A $ 405,057.50 25.32

AMER FDS SMALLCAP WLD A $ 103,202.22 6.45

DAVIS NY VENTURE FD CL A $ 139,868.23 8.74

GROWTH FUND AMERICA R-3 $ 172,000.00 10.75

HARTFORD CAP APPREC FD-A $ 140,400.00 8.78

HARTFORD MID CAP FD CL-A $ 224,190.00 14.01

KEELEY S/C VALU FD CL-A $ 126,640.00 7.92

NEW ECONOMY FD SBI CL A $ 226,092.05 14.13

TEMPLETON FOREIGN FD A $ 62,550.00 3.91

Long Mkt Value: $ 1,600,000.00Short Mkt Value: $ 0.00Cash Alternative Balance: $ 0.00Account Value: $ 1,600,000.00

XXXX8888 (Susan's IRA) (EXTERNAL) Last Updated: 10/20/2016

Asset Allocation






ALCOA INC $ 13,064.19 5.02

APPLE INC $ 15,151.82 5.83

CATERPILLAR INC $ 21,218.62 8.16

CHEVRON CORPORATION $ 25,020.59 9.62

HOME DEPOT INC $ 20,169.55 7.76

LOWES COMPANIES INC $ 34,113.79 13.12

MICROSOFT CORP $ 44,271.44 17.03

OFFICE DEPOT INC $ 3,630.00 1.40





WELLS FARGO & CO NEW $ 72,360.00 27.83

Long Mkt Value: $ 249,000.00Short Mkt Value: $ 0.00Cash Alternative Balance: $ 11,000.00Account Value: $ 260,000.00

XXXX8888 (Joint Account) (EXTERNAL) Last Updated: 02/04/2016

Asset Allocation



Asset Class and Security Level - Long PositionsName Amount %

U.S. Large Cap Equities $ 200,000.00 80.00

Long Mkt Value: $ 200,000.00Short Mkt Value: $ 0.00Cash Alternative Balance: $ 50,000.00Account Value: $ 250,000.00

XXXX8888 (John's 529) (EXTERNAL) Last Updated: 10/20/2016

Asset Allocation












Other (1.27%)







Long Mkt Value: $ 125,000.00Short Mkt Value: $ 0.00Cash Alternative Balance: $ 0.00Account Value: $ 125,000.00




XXXX8888 (Sara's 529) (EXTERNAL) Last Updated: 10/20/2016

Asset Allocation












Other (1.69%)







Long Mkt Value: $ 115,000.00Short Mkt Value: $ 0.00Cash Alternative Balance: $ 0.00Account Value: $ 115,000.00

Security-Level Holdings: $2,100,000.00Asset Class-Level Holdings: $0.00Asset Class and Security Level Holdings: $250,000.00Total Holdings: $2,350,000.00

As a service, we may have included your assets and/or your liabilities held at other financial institutions. We assume no responsibility for the accuracy or completeness of the information you providedeither to your Financial Advisor or through any third party aggregation service regarding your assets or liabilities held at other firms. We may update the pricing of these securities; however, there maybe cases when updating prices is not possible. In addition, any transactions, values or changes in your external accounts will not be reflected unless you provide updated information to your FinancialAdvisor. In instances where you use a third party aggregation service, we rely on you to take action when notified by the third party service that updates are needed. The accuracy and completenessof the information you provide may materially affect the results and any recommendations contained in this report.Your current portfolio allocation may classify assets based on the underlying holdings of funds, ETFs, UITs and annuity sub-accounts. For funds in alternative investment strategies and whereunderlying holdings are not available for classification, the asset class assigned to that security is used. The Cash Alternatives asset class may include cash alternatives or other securities suchas futures settlements, synthetic securities or securities in the form of a trust. These securities have unique risks and characteristics and can lose value. For more information on these types ofinvestments, consult the fund prospectus. Underlying classification data is updated periodically and the frequency of updates will vary by fund. When repositioning assets within your portfolio, it isimportant to note that underlying holdings of funds, ETFs, UITs and annuity sub-account shares cannot be bought or sold individually. You may only buy or sell shares of the actual funds, ETFs andUITs.Asset classification of holdings in external accounts where classification is not readily available may be assigned to a multi-asset class category or reassigned into additional asset classes by yourFinancial Advisor which may not be the most accurate asset class based on the holding's characteristics and risk profile. It is your responsibility to review the asset classification for external accountsand notify us of any changes.




Range of Simulation Possible OutcomesResults shown in Actual dollars

Percentile Year 5 Year 10 Year 15 Year 20 Year 25 At Death

Recommended

Best $4,812,480 $7,026,060 $11,415,461 $18,405,329 $26,330,082 $83,237,697

25th $3,966,787 $5,034,082 $7,498,870 $10,275,859 $13,945,183 $37,530,790

50th $3,412,332 $4,004,169 $5,521,426 $7,072,076 $8,808,195 $18,580,205

75th $2,980,056 $3,140,528 $4,037,719 $4,363,013 $4,908,904 $5,740,649

Target + 82 $2,835,442 $2,894,649 $3,551,500 $3,659,421 $3,748,074 $1,568,144

Worst $2,469,676 $2,112,388 $2,328,269 $1,875,749 $1,027,410 $0

The range of results are based upon the assumption that you implement theStrategic or Custom Allocation and continue with the savings and/or spendingpatterns you have indicated. These potential outcomes are also based uponthe forward looking Strategic Capital Market Assumptions and the HistoricalBased Planning Assumptions discussed in the Disclosures. These results areintended to provide you with an opportunity to evaluate your RecommendedInvestment Plan, including your asset allocation.

Envision stress tests your Recommended Investment Plan with 1,000simulations. The above table represents various scenarios from the Best to theWorst case for this investment plan.

+Target Percentile represents the last trial that simulates the achievement ofthe plan's stated goals.

• The Best case scenario indicates that in 5% of the simulations theinvestment plan achieved at least the corresponding Ending PlanWealth.

• The Median case scenario indicates that in 50% of the simulationsthe investment plan achieved at least the corresponding EndingPlan Wealth.

• The Worst case scenario indicates that in 95% of the simulationsthe investment plan achieved at least the corresponding EndingPlan Wealth.

• The Target+ case scenario indicates that in 82% of the simulationsthe investment plan achieved at least the corresponding EndingPlan Wealth.

There is no guarantee these results will be achieved. The At Death columnis based on either your life expectancy using standard mortality tables, or analternative age you have indicated. Please be sure to inform us of changes toyour goals, savings and spending patterns so we can incorporate changes intoyour Recommended Investment Plan.




Growth Detail GraphResults shown in Actual dollars

52 55 58 61 64 67 70 73 76 79 82 85 88 91 94 97

Inve

stm

ents

$90,000,000

$75,000,000

$60,000,000

$45,000,000

$30,000,000

$15,000,000

$0

Age (Susan Taylor)

Using Monte Carlo simulation, Envision simulates one thousand different potential outcomes over a lifetime of investing. This graph reflects the range of results ofthe simulated trials based on your Recommended Investment Plan. It graphically displays every tenth trial, (from the 5th through the 95th), and also identifies which"target" trial simulated the minimum ending value needed for the plan to achieve its stated goals. While this diagram depicts a wide range of possible outcomes,there is no assurance that your actual investment plan will fall within this range using the Strategic Capital Market Assumptions for 10 years (representative of a oneto two business cycle time period) and Historical Based Planning Assumptions for additional years within the plan.




Growth Detail Percentile RankingsResults shown in Actual dollars

Percentile Ending ValueAge (Susan)

Investment Assetsare Depleted

Average AnnualSimulated Return

0 $224,737,656 13.13%1 $143,956,202 12.65%2 $117,833,173 12.28%3 $107,480,832 11.51%4 $94,650,771 11.08%5 $83,237,697 10.86%6 $76,506,522 10.94%7 $73,688,083 10.57%8 $71,430,581 10.69%9 $66,932,838 10.78%10 $64,688,564 10.26%11 $61,609,386 10.31%12 $58,845,271 10.16%13 $55,961,431 9.95%14 $54,659,674 9.91%15 $52,480,994 9.97%16 $50,900,018 9.47%17 $49,004,013 9.92%18 $47,162,566 9.63%19 $45,309,233 9.88%20 $43,547,212 9.71%21 $42,361,132 9.65%22 $41,663,677 9.29%23 $40,679,267 9.27%24 $39,253,092 8.96%25 $37,530,790 9.09%26 $35,955,514 9.38%27 $35,021,435 9.11%28 $34,258,550 9.14%29 $33,467,476 9.40%30 $32,605,365 9.45%31 $31,789,868 8.96%32 $31,114,309 9.36%33 $30,117,061 8.71%







34 $29,565,457 8.40%35 $29,070,152 9.00%36 $28,562,631 9.14%37 $27,669,399 8.29%38 $26,971,995 9.12%39 $26,264,924 8.66%40 $25,178,984 8.76%41 $24,692,549 8.81%42 $23,827,763 9.17%43 $23,243,280 8.52%44 $22,431,427 7.84%45 $21,350,267 9.27%46 $20,423,273 8.19%47 $19,901,750 8.28%48 $19,453,209 8.82%49 $18,953,813 8.36%50 $18,580,205 7.82%51 $18,049,587 8.65%52 $17,573,739 7.62%53 $17,037,623 8.28%54 $16,411,555 8.08%55 $16,026,532 8.13%56 $15,372,327 8.41%57 $15,135,138 8.21%58 $14,748,321 10.23%59 $14,556,952 7.74%60 $14,015,484 8.27%61 $13,643,616 7.54%62 $13,124,254 8.42%63 $12,437,173 7.63%64 $12,017,332 8.80%65 $11,639,050 7.37%66 $11,022,509 7.20%67 $10,586,603 7.90%68 $9,807,539 7.43%69 $8,877,069 6.81%70 $8,280,614 6.34%







71 $7,824,379 7.45%72 $7,412,737 6.23%73 $6,894,570 6.44%74 $6,148,680 6.43%75 $5,740,649 6.72%76 $5,287,117 6.08%77 $4,879,799 7.31%78 $4,506,166 8.27%79 $3,512,830 7.23%80 $2,957,699 6.18%81 $2,304,615 7.98%

Target+ $1,568,144 8.77%

83 $850,364 5.54%84 $0 95 7.86%85 $0 94 5.68%86 $0 93 6.78%87 $0 92 7.01%88 $0 90 6.08%89 $0 90 5.12%90 $0 88 8.48%91 $0 86 6.72%92 $0 84 6.58%93 $0 83 5.44%94 $0 82 5.68%95 $0 80 6.92%96 $0 79 7.68%97 $0 78 6.10%98 $0 76 7.13%99 $0 74 7.50%100 $0 72 5.44%

+ Target Percentile represents the last trial that simulates the achievement of the plan's stated goals.




The Percentile Rankings is a table representation of the Growth Detail Chart. It displays one hundred and one of the one thousand Monte Carlo simulations.

Percentile column displays every tenth trial from the highest ending value to the lowest ending value.

Ending Value for each Percentile is the corresponding ending investment value.

Age Investment Assets are Depleted is the age of the longest surviving client when the assets first drop below zero and never return to a positive balance.

Average Annual Simulated Return is based on the simulations associated with a specific Percentile, and represents the average return the simulation displayedfor that trial.




Total Investment Plan Target Values - Recommended Investment PlanResults shown in Actual Dollars

Year Jim's Age Susan's AgeNet Need/

Surplus($)Gain/

Loss($)Taxes($)

Ending GoalValue($)

2016 52 52 89,000 101,499 - 19,272 2,521,2272017 53 53 37,199 481,323 - 17,760 3,021,9892018 54 54 36,079 - 321,373 - 4,137 2,732,5572019 55 55 34,872 51,556 - 4,229 2,814,7562020 56 56 33,573 29,364 - 4,856 2,872,8372021 57 57 46,275 - 14,224 - 5,465 2,899,4232022 58 58 45,479 240,180 - 5,961 3,179,1212023 59 59 44,609 - 121,117 - 6,460 3,096,1532024 60 60 - 554,769 570,476 - 6,205 3,105,6552025 61 61 - 184,719 - 136,495 - 13,329 2,771,1132026 62 62 - 68,969 181,161 - 32,719 2,850,5862027 63 63 - 71,038 169,240 - 33,701 2,915,0882028 64 64 - 73,169 49,870 - 34,712 2,857,0772029 65 65 - 75,364 269,822 - 35,753 3,015,7822030 66 66 - 77,625 - 121,207 - 36,826 2,780,1252031 67 67 - 166,215 71,696 - 62,966 2,622,6392032 68 68 - 171,202 329,294 - 64,855 2,715,8752033 69 69 - 176,338 316,601 - 66,801 2,789,3382034 70 70 - 181,628 241,580 - 68,805 2,780,4852035 71 71 - 187,077 166,839 - 70,869 2,689,3792036 72 72 - 192,689 252,148 - 72,995 2,675,8422037 73 73 - 198,470 79,632 - 75,185 2,481,8202038 74 74 - 204,424 347,975 - 77,441 2,547,9302039 75 75 - 210,556 598,837 - 79,764 2,856,4472040 76 76 - 216,873 799,055 - 82,157 3,356,4722041 77 77 - 223,379 - 20,217 - 84,621 3,028,2542042 78 78 - 230,081 - 26,837 - 87,160 2,684,1772043 79 79 - 236,983 69,258 - 89,775 2,426,6772044 80 80 - 244,093 654,710 - 92,468 2,744,8262045 81 81 - 228,969 525,414 - 83,370 2,957,9012046 82 82 - 235,838 26,220 - 85,872 2,662,412




Year Jim's Age Susan's AgeNet Need/

Surplus($)Gain/

Loss($)Taxes($)

Ending GoalValue($)

2047 83 83 - 242,913 694,514 - 88,448 3,025,5652048 84 84 - 250,201 - 20,641 - 91,101 2,663,6222049 85 85 - 257,707 399,200 - 93,834 2,711,2812050 86 86 - 265,438 203,826 - 96,649 2,553,0202051 87 87 - 273,401 104,668 - 99,549 2,284,7382052 88 88 - 281,603 530,890 - 102,535 2,431,4902053 89 89 - 290,051 133,572 - 105,611 2,169,4002054 90 90 - 298,753 426,140 - 108,779 2,188,0082055 91 91 - 307,715 472,518 - 112,043 2,240,7672056 92 92 - 216,947 225,436 - 69,205 2,180,0512057 93 93 - 373,379 260,593 - 162,861 1,904,4042058 94 94 - 384,580 652,721 - 167,747 2,004,7982059 95 95 - 396,118 132,243 - 172,779 1,568,144

Total Investment Plan Target Values reflect the possible cash flow elements of your Recommended Investment Plan. This is based upon information you provided, tax assumptions, and the simulation results. Because this information is subject to change,your actual cash flows and results will differ. You should periodically review this information with your Financial Advisor and discuss any changes to your goals and personal situation in order to keep your Recommended Investment Plan up-to-date.




Target Investment Plan Tax Treatment - Recommended Investment PlanResults shown in Actual Dollars

Year Jim's AgeSusan's

Age

EndingGoal

Value($)

TaxableAssets($)

TaxAdvantaged

Assets($)*

Tax AdvantagedEducation($)

Net RMD($)Gain/

Loss($)Taxes($)

EffectiveTax Rate%

Net CashFlow($)

2016 52 52 2,521,227 291,526 2,229,701 250,366 101,499 - 19,272 26.63 89,0002017 53 53 3,021,989 380,921 2,641,068 244,862 481,323 - 17,760 26.63 37,1992018 54 54 2,732,557 389,320 2,343,238 162,856 - 321,373 - 4,137 26.15 36,0792019 55 55 2,814,756 447,074 2,367,684 107,164 51,556 - 4,229 26.21 34,8722020 56 56 2,872,837 503,156 2,369,680 46,579 29,364 - 4,856 26.31 33,5732021 57 57 2,899,423 548,824 2,350,599 0 - 14,224 - 5,465 26.41 46,2752022 58 58 3,179,121 594,805 2,584,316 0 240,180 - 5,961 26.50 45,4792023 59 59 3,096,153 571,293 2,524,860 0 - 121,117 - 6,460 26.58 44,6092024 60 60 3,105,655 115,582 2,990,073 0 570,476 - 6,205 28.79 - 554,7692025 61 61 2,771,113 0 2,771,113 0 - 136,495 - 13,329 14.66 - 184,7192026 62 62 2,850,586 0 2,850,586 0 181,161 - 32,719 24.05 - 68,9692027 63 63 2,915,088 0 2,915,088 0 169,240 - 33,701 24.05 - 71,0382028 64 64 2,857,077 0 2,857,077 0 49,870 - 34,712 24.05 - 73,1692029 65 65 3,015,782 0 3,015,782 0 269,822 - 35,753 24.05 - 75,3642030 66 66 2,780,125 0 2,780,124 0 - 121,207 - 36,826 24.05 - 77,6252031 67 67 2,622,639 0 2,622,638 0 71,696 - 62,966 24.05 - 166,2152032 68 68 2,715,875 0 2,715,875 0 329,294 - 64,855 24.05 - 171,2022033 69 69 2,789,338 0 2,789,338 0 316,601 - 66,801 24.05 - 176,3382034 70 70 2,780,485 0 2,780,485 0 80,706 241,580 - 68,805 24.05 - 181,6282035 71 71 2,689,379 0 2,689,379 0 83,174 166,839 - 70,869 24.05 - 187,0772036 72 72 2,675,842 0 2,675,842 0 83,344 252,148 - 72,995 24.05 - 192,6892037 73 73 2,481,820 0 2,481,820 0 85,945 79,632 - 75,185 24.05 - 198,4702038 74 74 2,547,930 0 2,547,930 0 82,796 347,975 - 77,441 24.05 - 204,4242039 75 75 2,856,447 0 2,856,447 0 88,303 598,837 - 79,764 24.05 - 210,5562040 76 76 3,356,472 0 3,356,472 0 102,032 799,055 - 82,157 24.05 - 216,8732041 77 77 3,028,254 0 3,028,254 0 121,913 - 20,217 - 84,621 24.05 - 223,3792042 78 78 2,684,177 0 2,684,177 0 116,064 - 26,837 - 87,160 24.05 - 230,0812043 79 79 2,426,677 0 2,426,677 0 108,602 69,258 - 89,775 24.05 - 236,9832044 80 80 2,744,826 0 2,744,826 0 102,983 654,710 - 92,468 24.05 - 244,0932045 81 81 2,957,901 0 2,957,901 0 120,215 525,414 - 83,370 23.11 - 228,9692046 82 82 2,662,412 0 2,662,412 0 134,105 26,220 - 85,872 23.11 - 235,838





Age

EndingGoal

Value($)

TaxableAssets($)

TaxAdvantaged

Assets($)*

Tax AdvantagedEducation($)

Net RMD($)Gain/

Loss($)Taxes($)

EffectiveTax Rate%

Net CashFlow($)

2047 83 83 3,025,565 0 3,025,564 0 127,986 694,514 - 88,448 23.11 - 242,9132048 84 84 2,663,622 0 2,663,621 0 150,265 - 20,641 - 91,101 23.11 - 250,2012049 85 85 2,711,281 0 2,711,281 0 140,355 399,200 - 93,834 23.11 - 257,7072050 86 86 2,553,020 0 2,553,020 0 149,296 203,826 - 96,649 23.11 - 265,4382051 87 87 2,284,738 0 2,284,738 0 148,622 104,668 - 99,549 23.11 - 273,4012052 88 88 2,431,490 0 2,431,490 0 141,905 530,890 - 102,535 23.11 - 281,6032053 89 89 2,169,400 0 2,169,400 0 158,013 133,572 - 105,611 23.11 - 290,0512054 90 90 2,188,008 0 2,188,008 0 150,165 426,140 - 108,779 23.11 - 298,7532055 91 91 2,240,767 0 2,240,767 0 159,175 472,518 - 112,043 23.11 - 307,7152056 92 92 2,180,051 0 2,180,051 0 171,482 225,436 - 69,205 19.93 - 216,9472057 93 93 1,904,404 0 1,904,405 0 165,650 260,593 - 162,861 28.05 - 373,3792058 94 94 2,004,798 0 2,004,799 0 153,775 652,721 - 167,747 28.05 - 384,5802059 95 95 1,568,144 0 1,568,144 0 170,401 132,243 - 172,779 28.05 - 396,118

*Tax Advantaged Assets are a sum of tax deferred, tax exempt and tax advantaged education assets.

Target Investment Plan Tax Treatment details cash flows and Ending Goal Values for your Recommended Investment Plan. This is based upon information you provided, tax assumptions, and the simulation results. Because this information is subjectto change, your actual cash flows and results will differ. Please note that these calculations are hypothetical and do not replace actual required minimum distribution calculations which should be made each year on an individualized basis. You shouldperiodically review this information with your Financial Advisor and discuss any changes to your goals and personal situation in order to keep your Recommended Investment Plan up-to-date.




Target Taxable Investment Plan Value - Recommended Investment PlanResults shown in Actual Dollars

Year Jim's Age Susan's AgeTaxable

Assets($)Non-Qualified

Assets($)Portfolio

Income($)Appreciation($) Taxes($)

Net CashFlow($)

2016 52 52 291,526 0 7,256 3,542 - 19,272 50,0002017 53 53 380,921 0 8,461 47,193 - 17,760 51,5002018 54 54 389,320 0 11,056 - 51,565 - 4,137 53,0452019 55 55 447,074 0 11,300 - 3,954 - 4,229 54,6362020 56 56 503,156 0 12,976 - 8,312 - 4,856 56,2752021 57 57 548,824 0 14,604 - 17,095 - 5,465 53,6232022 58 58 594,805 0 15,929 29,534 - 5,961 6,4792023 59 59 571,293 0 17,263 - 39,924 - 6,460 5,6092024 60 60 115,582 0 16,581 88,681 - 6,205 - 554,7692025 61 61 0 0 3,354 - 8,434 - 19 - 110,4832026 62 62 0 0 0 0 0 02027 63 63 0 0 0 0 0 02028 64 64 0 0 0 0 0 02029 65 65 0 0 0 0 0 02030 66 66 0 0 0 0 0 02031 67 67 0 0 0 0 0 02032 68 68 0 0 0 0 0 02033 69 69 0 0 0 0 0 02034 70 70 0 0 0 0 0 02035 71 71 0 0 0 0 0 02036 72 72 0 0 0 0 0 02037 73 73 0 0 0 0 0 02038 74 74 0 0 0 0 0 02039 75 75 0 0 0 0 0 02040 76 76 0 0 0 0 0 02041 77 77 0 0 0 0 0 02042 78 78 0 0 0 0 0 02043 79 79 0 0 0 0 0 02044 80 80 0 0 0 0 0 02045 81 81 0 0 0 0 0 02046 82 82 0 0 0 0 0 02047 83 83 0 0 0 0 0 02048 84 84 0 0 0 0 0 02049 85 85 0 0 0 0 0 0




Year Jim's Age Susan's AgeTaxable

Assets($)Non-Qualified

Assets($)Portfolio

Income($)Appreciation($) Taxes($)

Net CashFlow($)

2050 86 86 0 0 0 0 0 02051 87 87 0 0 0 0 0 02052 88 88 0 0 0 0 0 02053 89 89 0 0 0 0 0 02054 90 90 0 0 0 0 0 02055 91 91 0 0 0 0 0 02056 92 92 0 0 0 0 0 02057 93 93 0 0 0 0 0 02058 94 94 0 0 0 0 0 02059 95 95 0 0 0 0 0 0

Taxable Investment Plan Values details the gain/loss components (yield and appreciation) of your taxable assets, as well as, assumed income taxes for your Recommended Investment Plan. This is based upon information you provided, tax assumptions,and the simulation results. Because this information is subject to change, your actual cash flows and results will differ. You should periodically review this information with your Financial Advisor and discuss any changes to your goals and personalsituation in order to keep your Recommended Investment Plan up-to-date.




Target Tax Advantaged Investment Plan Values - Recommended Investment PlanResults shown in Actual Dollars


AgeTax Advantaged

Assets($)*Tax Deferred

Assets($)Tax Exempt

Assets($)Tax Advantaged

Education($)Gross

RMD($) Portfolio

Income($)Appreciation ($) Taxes($)

Net CashFlow($)

2016 52 52 2,229,701 1,979,335 0 250,366 60,950 29,750 0 39,0002017 53 53 2,641,068 2,396,206 0 244,862 64,716 360,953 0 - 14,3012018 54 54 2,343,238 2,180,382 0 162,856 76,654 - 357,519 0 - 16,9662019 55 55 2,367,684 2,260,520 0 107,164 68,011 - 23,800 0 - 19,7652020 56 56 2,369,680 2,323,101 0 46,579 68,719 - 44,020 0 - 22,7032021 57 57 2,350,599 2,350,599 0 0 68,778 - 80,511 0 - 7,3482022 58 58 2,584,316 2,584,316 0 0 68,224 126,493 0 39,0002023 59 59 2,524,860 2,524,860 0 0 75,007 - 173,463 0 39,0002024 60 60 2,990,073 2,990,073 0 0 73,281 391,932 0 02025 61 61 2,771,113 2,771,113 0 0 86,784 - 218,198 - 13,310 - 74,2352026 62 62 2,850,586 2,850,586 0 0 113,164 67,997 - 32,719 - 68,9692027 63 63 2,915,088 2,915,088 0 0 116,410 52,830 - 33,701 - 71,0382028 64 64 2,857,077 2,857,077 0 0 119,044 - 69,174 - 34,711 - 73,1692029 65 65 3,015,782 3,015,782 0 0 116,675 153,147 - 35,753 - 75,3642030 66 66 2,780,124 2,780,124 0 0 123,155 - 244,363 - 36,825 - 77,6252031 67 67 2,622,638 2,622,638 0 0 113,532 - 41,837 - 62,966 - 166,2152032 68 68 2,715,875 2,715,875 0 0 107,101 222,193 - 64,855 - 171,2022033 69 69 2,789,338 2,789,338 0 0 110,908 205,693 - 66,801 - 176,3382034 70 70 2,780,485 2,780,485 0 0 - 101,801 113,908 127,672 - 68,805 - 181,6272035 71 71 2,689,379 2,689,379 0 0 - 104,924 113,547 53,293 - 70,869 - 187,0772036 72 72 2,675,842 2,675,842 0 0 - 105,054 109,826 142,322 - 72,996 - 192,6892037 73 73 2,481,820 2,481,820 0 0 - 108,334 109,274 - 29,641 - 75,185 - 198,4702038 74 74 2,547,930 2,547,930 0 0 - 104,278 101,350 246,626 - 77,441 - 204,4242039 75 75 2,856,447 2,856,447 0 0 - 111,263 104,049 494,787 - 79,764 - 210,5572040 76 76 3,356,472 3,356,472 0 0 - 129,839 116,648 682,406 - 82,157 - 216,8732041 77 77 3,028,254 3,028,254 0 0 - 158,324 137,068 - 157,285 - 84,621 - 223,3792042 78 78 2,684,177 2,684,177 0 0 - 149,175 123,665 - 150,501 - 87,160 - 230,0812043 79 79 2,426,677 2,426,677 0 0 - 137,650 109,614 - 40,356 - 89,775 - 236,9832044 80 80 2,744,826 2,744,826 0 0 - 129,769 99,098 555,612 - 92,468 - 244,0932045 81 81 2,957,901 2,957,901 0 0 - 153,342 112,091 413,324 - 83,370 - 228,9692046 82 82 2,662,412 2,662,412 0 0 - 172,977 120,792 - 94,572 - 85,872 - 235,8382047 83 83 3,025,564 3,025,564 0 0 - 163,338 108,725 585,789 - 88,448 - 242,9132048 84 84 2,663,621 2,663,621 0 0 - 195,198 123,555 - 144,196 - 91,101 - 250,2002049 85 85 2,711,281 2,711,281 0 0 - 179,974 108,774 290,426 - 93,834 - 257,707





AgeTax Advantaged

Assets($)*Tax Deferred

Assets($)Tax Exempt

Assets($)Tax Advantaged

Education($)Gross

RMD($) Portfolio

Income($)Appreciation ($) Taxes($)

Net CashFlow($)

2050 86 86 2,553,020 2,553,020 0 0 - 192,289 110,721 93,105 - 96,650 - 265,4382051 87 87 2,284,738 2,284,738 0 0 - 190,524 104,258 410 - 99,548 - 273,4012052 88 88 2,431,490 2,431,490 0 0 - 179,901 93,302 437,589 - 102,535 - 281,6032053 89 89 2,169,400 2,169,400 0 0 - 202,624 99,295 34,277 - 105,611 - 290,0522054 90 90 2,188,008 2,188,008 0 0 - 190,298 88,592 337,548 - 108,780 - 298,7532055 91 91 2,240,767 2,240,767 0 0 - 202,593 89,352 383,166 - 112,043 - 307,7152056 92 92 2,180,051 2,180,051 0 0 - 219,683 91,506 133,930 - 69,205 - 216,9472057 93 93 1,904,405 1,904,405 0 0 - 227,089 89,026 171,566 - 162,861 - 373,3792058 94 94 2,004,799 2,004,799 0 0 - 209,275 77,770 574,951 - 167,747 - 384,5802059 95 95 1,568,144 1,568,144 0 0 - 233,116 81,870 50,372 - 172,779 - 396,118

*Tax Advantaged Assets are a sum of tax deferred, tax exempt and tax advantaged education assets.

Tax Advantaged Investment Plan Values details the gain/loss components (yield and appreciation) of your tax advantaged assets, as well as, assumed income taxes from your Recommended Investment Plan. This is based upon information youprovided, tax assumptions, and the simulation results. Because this information is subject to change, your actual cash flows and results will differ. Please note that these calculations are hypothetical and do not replace actual required minimumdistribution calculations which should be made each year on an individualized basis. You should periodically review this information with your Financial Advisor and discuss any changes to your goals and personal situation in order to keep yourRecommended Investment Plan up-to-date.




Summary of Cash Flows - Chart - Recommended Investment PlanResults shown in Actual Dollars

($600,000)

($500,000)

($400,000)

($300,000)

($200,000)

($100,000)

$0

$100,000

$200,000

$300,000

$400,000

52/52 57/57 62/62 67/67 72/72 77/77 82/82 87/87 92/92

Age (Jim / Susan)

Contributions and Income Sources Withdrawals and Ret. Income Need Net Surplus/Need




Summary of Cash Flows - Table - Recommended Investment PlanResults shown in Actual Dollars

The following table displays the detail of all planned contributions, withdrawals and income used in calculating the Investment Plan Result within Envision. The TotalNeed or Surplus is displayed in the last column. Need is reflected as a negative amount signifying necessary withdrawals from your investment assets. Surplus isreflected as a positive value signifying excess funds that would be added to your investment assets.

YearJim'sAge

Susan'sAge

Contributions($) Income Sources($) Total($)Withdrawals & Ret.

Income Need($)Net($)

2016 52 52 89,000 0 89,000 0 89,000

2017 53 53 90,500 0 90,500 53,301 37,199

2018 54 54 92,045 0 92,045 55,966 36,079

2019 55 55 93,636 0 93,636 58,765 34,871

2020 56 56 95,275 0 95,275 61,703 33,572

2021 57 57 96,964 0 96,964 50,689 46,275

2022 58 58 98,703 0 98,703 53,223 45,480

2023 59 59 100,494 0 100,494 55,884 44,610

2024 60 60 0 0 0 554,770 - 554,770

2025 61 61 0 0 0 184,719 - 184,719

2026 62 62 0 121,229 121,229 190,198 - 68,969

2027 63 63 0 124,867 124,867 195,904 - 71,037

2028 64 64 0 128,613 128,613 201,780 - 73,167

2029 65 65 0 132,471 132,471 207,834 - 75,363

2030 66 66 0 136,445 136,445 214,068 - 77,623

2031 67 67 0 54,277 54,277 220,491 - 166,214

2032 68 68 0 55,904 55,904 227,106 - 171,202

2033 69 69 0 57,582 57,582 233,919 - 176,337

2034 70 70 0 59,309 59,309 240,937 - 181,628

2035 71 71 0 61,088 61,088 248,165 - 187,077

2036 72 72 0 62,921 62,921 255,609 - 192,688

2037 73 73 0 64,809 64,809 263,278 - 198,469

2038 74 74 0 66,753 66,753 271,177 - 204,424




YearJim'sAge

Susan'sAge

Contributions($) Income Sources($) Total($)Withdrawals & Ret.

Income Need($)Net($)

2039 75 75 0 68,755 68,755 279,312 - 210,557

2040 76 76 0 70,818 70,818 287,691 - 216,873

2041 77 77 0 72,943 72,943 296,322 - 223,379

2042 78 78 0 75,131 75,131 305,212 - 230,081

2043 79 79 0 77,384 77,384 314,368 - 236,984

2044 80 80 0 79,706 79,706 323,799 - 244,093

2045 81 81 0 82,098 82,098 311,066 - 228,968

2046 82 82 0 84,561 84,561 320,399 - 235,838

2047 83 83 0 87,097 87,097 330,010 - 242,913

2048 84 84 0 89,710 89,710 339,911 - 250,201

2049 85 85 0 92,401 92,401 350,109 - 257,708

2050 86 86 0 95,174 95,174 360,611 - 265,437

2051 87 87 0 98,029 98,029 371,430 - 273,401

2052 88 88 0 100,970 100,970 382,573 - 281,603

2053 89 89 0 103,999 103,999 394,050 - 290,051

2054 90 90 0 107,118 107,118 405,871 - 298,753

2055 91 91 0 110,332 110,332 418,048 - 307,716

2056 92 92 0 213,642 213,642 430,589 - 216,947

2057 93 93 0 70,128 70,128 443,506 - 373,378

2058 94 94 0 72,232 72,232 456,811 - 384,579

2059 95 95 0 74,399 74,399 470,516 - 396,117

Summary of Cash Flows reflects the contributions and withdrawals (expected inflows and outflows of funds) assumed for your Recommended Investment Plan. This is based upon information you provided. Because this information is likely to change overtime, your actual cash flow experience will differ. You should periodically review this information with your Financial Advisor and discuss any changes to your goals and personal situation in order to keep your Recommended Investment Plan up-to-date.




Cash Flow Detail - Contributions - Recommended Investment PlanResults shown in Actual Dollars

YearJim'sAge

Susan'sAge

Cash Flow Detail($)

2016 52 52 Taxable (Jim):50,000 401K Jim (Jim):17,500 401K Susan (Susan):16,000 401K Catch up (Jim):5,500








2024 60 60 --

2025 61 61 --

2026 62 62 --

2027 63 63 --

2028 64 64 --

2029 65 65 --

2030 66 66 --

2031 67 67 --

2032 68 68 --

2033 69 69 --

2034 70 70 --

2035 71 71 --

2036 72 72 --

2037 73 73 --

2038 74 74 --

2039 75 75 --

2040 76 76 --




YearJim'sAge

Susan'sAge

Cash Flow Detail($)

2041 77 77 --

2042 78 78 --

2043 79 79 --

2044 80 80 --

2045 81 81 --

2046 82 82 --

2047 83 83 --

2048 84 84 --

2049 85 85 --

2050 86 86 --

2051 87 87 --

2052 88 88 --

2053 89 89 --

2054 90 90 --

2055 91 91 --

2056 92 92 --

2057 93 93 --

2058 94 94 --

2059 95 95 --

Cash Flow Detail - Schedule of Contributions reflects cash flow elements of your Recommended Investment Plan. This is based upon information you provided. Because this information is likely to change over time, your actual cash flows will differ.You should periodically review this information with your Financial Advisor and discuss any changes to your goals and personal situation in order to keep your Recommended Investment Plan up-to-date.




Cash Flow Detail - Income from Other Sources - Recommended Investment PlanResults shown in Actual Dollars

YearJim'sAge

Susan'sAge

Cash Flow Detail($)

2016 52 52 --

2017 53 53 --

2018 54 54 --

2019 55 55 --

2020 56 56 --

2021 57 57 --

2022 58 58 --

2023 59 59 --

2024 60 60 --

2025 61 61 --

2026 62 62Partnership Buyout (Jim):78,640 Social Security (Jim):25,630 Social Security (Susan):16,959





2031 67 67 Social Security (Jim):32,664 Social Security (Susan):21,613











YearJim'sAge

Susan'sAge

Cash Flow Detail($)


















2056 92 92Jim's Whole Life Benefit (Jim):100,000 Social Security (Jim):68,390 Social Security (Susan):45,252

2057 93 93 Social Security (Susan):46,402 Social Security (Susan):23,726



Cash Flow Detail - Schedule of Income from Other Sources reflects cash flow elements of your Recommended Investment Plan. This is based upon information you provided and in some cases, estimates for Social Security. Because this informationis likely to change over time, your actual cash flows will differ. You should periodically review this information with your Financial Advisor and discuss any changes to your goals and personal situation in order to keep your Recommended InvestmentPlan up-to-date.




Cash Flow Detail - Withdrawals - Recommended Investment PlanResults shown in Actual Dollars

YearJim'sAge

Susan'sAge

Cash Flow Detail($)

2016 52 52 --

2017 53 53 Education (John): 53,301

2018 54 54 Education (John): 55,966

2019 55 55 Education (John): 58,765

2020 56 56 Education (John): 61,703

2021 57 57 Education (Sara): 50,689

2022 58 58 Education (Sara): 53,223

2023 59 59 Education (Sara): 55,884

2024 60 60Education (Sara): 58,679 Executive Rv (Jim): 316,693 Travel Spending (Jim): 12,184 Retirement Goal (Joint): 167,214

2025 61 61 Travel Spending (Jim): 12,489 Retirement Goal (Joint): 172,230














YearJim'sAge

Susan'sAge

Cash Flow Detail($)










2045 81 81 Retirement Goal (Joint): 311,066
















YearJim'sAge

Susan'sAge

Cash Flow Detail($)



Cash Flow Detail - Schedule of Withdrawals reflects cash flow elements of your Recommended Investment Plan. This is based upon information you provided. Because this information is likely to change over time, your actual cash flows will differ. Youshould periodically review this information with your Financial Advisor and discuss any changes to your goals and personal situation in order to keep your Recommended Investment Plan up-to-date.




Investment Plan AssumptionsThe cash flows for this plan were last inflated on 6/22/2016*

Tax AssumptionsDescription Pre-Retirement Tax Rates Post-Retirement Tax RatesFiling State Delaware Delaware

Filing Status Joint Joint

Investment AssumptionsDescription RatesPercentage of Capital Gains Long Term 50.00%

Yearly Asset Turnover Rate 100.00%

Return Discount Rate (%) 0.00%

Life Expectancy AssumptionsDescription AgeLife Expectancy - Jim Taylor 92

Life Expectancy - Susan Taylor 95

Other AssumptionsDescription RatesGeneral Default Inflation Rate Years 1-10: 2.50% / Years 11+: 3.00%Recommended Plan Cash Flows with Inflation Rates outside the General Default Inflation Rate:

Annual Retirement Spending 3.00%

Other Goals - Executive Rv - Jim 3.00%

Annual Educational Goals - Saint Louis University - John 5.00%

Annual Educational Goals - University of Virginia - Sara 5.00%

Annual Savings - 401K Catch up - Jim 0.00%

Annual Savings - 401K Jim - Jim 0.00%

Annual Savings - Taxable - Jim 3.00%

Annual Savings - 401K Susan - Susan 0.00%

Income Sources (Annual) - Jim's Whole Life Benefit - Jim 0.00%

Estate Inflation Rate 1.00%

Prior to the start of retirement, all Income Sources and Social Security will be used toward normal living expenses and will be used for tax purposes only.

Retirement Spending




Description RatesPercent of Annual Retirement Spending - Jim 80.00%

Percent of Annual Retirement Spending - Susan 20.00%

The Return Discount Rate (%) will lower each year's estimated return in this simulation by the percentage displayed.

This plan uses the Firm established inflation assumption of 2.50% for years 1-10 and 3.00% for years 11 and beyond. "Annual Increase" or inflation assumptions impact your projected future savings and help estimate the future cost of goods andservices. Estimating what things will cost when you are ready to retire allows you to compare your estimated retirement spending needs against your estimated retirement savings and income. Please note that the assumption used in your planfor specific life goals and cash flow amounts may have been changed based on your discussion with your Financial Advisor. Inflation assumptions are selected individually for each plan item that utilizes an inflation assumption; therefore, inflationassumptions may be different for each goal. Scenarios and results are all hypothetical and there is no guarantee that any particular scenario or plan results will be achieved.

The tax assumptions in the Envision tool are based on US federal and state tax rates, less estimated standard tax deductions. This plan assumes a 20% rate for long term capital gains. Additionally, federal or state tax deductions for dependents havenot been applied. For estimated tax calculations, unused capital losses are offset against future capital gains. Each year in each simulation may have a unique tax rate associated with it due to the variability of returns and cash flows. Break pointsfor the tax schedules are inflated at 2.5% per year. Due to the complicated nature of planning and calculating federal and state income tax rates, the rates and assumptions are estimates. Your actual situation will differ from these assumptions. Thisanalysis does not constitute tax or legal advice. Please consult with your tax professional and attorney for legal and tax advice.





DisclosuresIMPORTANT: The projections or other information generated by Envisionregarding the likelihood of various investment outcomes are hypothetical innature, do not reflect actual investment results and are not guarantees of futureresults. Results may vary with each use and over time.

Envision MethodologyBased on accepted statistical methods, Envision uses a simulation modelto test your Ideal, Acceptable and Recommended Investment Plans. Thesimulation model uses assumptions about inflation and financial marketreturns. Envision uses two sets of data, Strategic Capital Market Assumptionsfor 10 years (representative of a one to two business cycle time period) andHistorical Based Planning Assumptions for additional years within the plan(see Strategic Capital Market Assumptions and Historical Based PlanningAssumptions disclosures for more information). Using Monte Carlo simulationEnvision simulates 1,000 different potential outcomes over a lifetime ofinvesting varying historical risk, return, and correlation amongst the assets.Some of these scenarios will assume strong financial market returns, similarto the best periods of history for investors. Others will be similar to the worstperiods in investing history. Most scenarios will fall somewhere in between.

THE ENVISION PROCESS IS NOT FINANCIAL PLANNINGThe Envision process helps you and your Financial Advisor clearlyunderstand your personal values and goals. You and your FinancialAdvisor can then design a unique investment strategy suited toyour goals and financial situation. Unlike financial planning, however,Envision does not include advanced wealth planning strategies such asestate and tax planning. It also does not include detailed cash flow, realestate or business analyses.

The Envision ProcessThe Envision process is designed to help you achieve your most important financial goals.The Envision process begins by identifying your ideal financial goals. These become inputsto your Ideal Investment Plan. The next step is to identify tolerable adjustments to your IdealInvestment Plan - for example, retiring at 65 instead of 62. This is referred to as your AcceptableInvestment Plan. These two benchmarks, your Ideal and Acceptable Investment Plans, framethe Envision process. In formulating these two plans, you and your Financial Advisor identifyyour highest priority goals. The final step in the process is the creation of your RecommendedInvestment Plan. This provides a framework for allocating your assets to seek to achieve yourmost important financial goals. You will have the sole responsibility for determining whether, whenand how to implement any of the suggestions contained in the Recommended Investment Plan.Furthermore, by accepting this Envision report, there is no requirement that you implement any ofthe suggestions or otherwise conduct business through the firm or its affiliates.

Envision Investment Plan Result Interpretation and AssumptionsThe simulated investment returns are combined with your unique financial inflows (savings) andoutflows (spending goals). The end result is a statistical assessment expressed as a numberreferred to as the Investment Plan Result. An Investment Plan Result of 83, for example, meansthat in 830 of the 1,000 scenarios you would have successfully achieved all of your goals. Itis important to note that the Investment Plan Result reflects the assumption that your

assets are invested according to your Strategic (or Custom) allocation. It also reflects theassumption that you continue with the savings and spending patterns you have indicatedand which are incorporated into your Recommended Investment Plan. However, there isno guarantee that these results will be achieved.

You should not base your retirement or spending decisions solely on Envision investmentplan results.

Envision Analysis - The Target ZoneYour Envision analysis may suggest that your investment plan may have had a relatively highlikelihood of meeting your goals. This concept of having a relatively high likelihood is referred toas the Target Zone. The Target Zone is the range between the 75th and 90th percentile results.This means that between 750 and 900 of the 1,000 simulations resulted in successfully achievingthe goals of the investment plan. An Investment Plan Result that falls within this Target Zonesuggests that your investment plan had a reasonable chance of success in the simulations. Infact, at the 75th percentile level, in 250 of the 1,000 simulations, you would have failed to achieveyour financial goals. In some instances, simulations for your Acceptable Investment Plan may notprovide a Investment Plan Result in the Target Zone.

Asset Class AssumptionsSecurities are grouped in classes based on shared characteristics, such as maturity for bonds andsize of the corporation for stocks. The mix of classes best suited for an investor will depend onhis or her individual investment goals and tolerance for risk. It is generally understood that as aninvestor takes more risk, he or she can seek a higher rate of return over time.

Asset classification of holdings in external accounts where classification is not readily availablemay be assigned to a multi-asset class category or reassigned into additional asset classes byyour Financial Advisor which may not be the most accurate asset class based on the holding'scharacteristics and risk profile. It is your responsibility to review the asset classification for externalaccounts and notify us of any changes.

Asset Classification for mutual funds, variable annuities and exchange-traded funds are derivedfrom Morningstar Categories. Underlying holdings classification provided by Morningstar. ©2016Morningstar, Inc. All Rights Reserved. The information contained herein: (1) is proprietary toMorningstar and/or its content providers; (2) may not be copied or distributed; and (3) is notwarranted to be accurate, complete or timely. Neither Morningstar nor its content providers areresponsible for any damages or losses arising from any use of this information.

Asset Class Assumptions - RiskRisk calculations are used to estimate how asset classes and combinations of classes mayrespond during negative market environments. The downside risk calculation represents a lossthat is unlikely to be exceeded in 19 out of 20 years. However, there is a 1 in 20 risk (5% probability)that the loss over a one-year period could be greater than the downside risk calculation. Risk andreturn figures are derived from standard investment industry statistical calculations. These are forcomparative purposes and not designed to predict actual performance. This is not the maximumloss your portfolio could experience.

Asset Class Assumptions - Portfolio ImplementationAs outlined above, it is assumed that the implemented portfolio matches the recommendedallocation model. In actuality, the implemented portfolio may or may not match the risk and returncharacteristics of the recommended model over time due to security selection, inability to investin the indices, and other factors. Also, there is no guarantee that portfolios will not exceed the risktolerance range or that historically derived results will be achieved in the future. Returns have notbeen reduced by sales charges or expenses typically associated with various types of investments.




Your actual investment performance may be higher or lower than that of the asset class to which itwas assigned. Our assumptions about risks and returns for individual asset classes are combinedwith assumptions about the relationships between these returns (their correlation). Asset allocationcannot eliminate the risk of fluctuating prices and uncertain returns. We use our best efforts tocorrectly classify investments. However, no warranty of accuracy is made.

Equity Investments: Equity investments refer to buying stocks of United States companies.The investment return to the owner of stock (shareholder) is in the form of dividends and/or capitalappreciation. The market capitalization of companies is used to group large, medium (Mid), andsmall companies. Shareholders share in both the upside potential and the downside risk.

Capitalization: Market capitalization definitions differ, but one example of capitalizationmethodology is that of Morningstar, which defines "large-capitalization" stocks as those stocks thatform the top 70% of the market capitalization of the stocks eligible to be included in the MorningstarUS Market Index (a diversified broad market index that represents approximately 97% of themarket capitalization of publicly traded U.S. Stocks). The Morningstar index methodology defines"mid-capitalization" stocks as those stocks that form the 20% of market capitalization betweenthe 70th and 90th percentile of the market capitalization and "small-capitalization" stocks as thosestocks that form the 7% of market capitalization between the 90th and 97th percentile of the marketcapitalization of the stocks eligible to be included in the Morningstar US Market Index.

Investing in small and mid-cap companies involve additional risks such as limited liquidity andgreater volatility.

Fixed Income Securities (Bonds): Bonds are promissory notes of a United Statescorporation or federal government entity (taxable bonds) or a state or local government entity(tax-exempt or municipal bonds). Bonds usually make a series of interest payments followed bya return of principal at maturity. If sold prior to maturity, the price that can be obtained for a bondmay be more or less than face value, depending on interest rates at the time the bond is sold andthe remaining term of the bond.

Fixed income securities include Treasuries (i.e., public obligations of the U.S. Treasury that haveremaining maturities of more than one year), government-related issues (i.e., agency, sovereign,supranational, and local authority debt), and corporate bonds.

Investments in fixed-income securities are subject to market, interest rate, credit/default, inflationand other risks. Bond prices fluctuate inversely to changes in interest rates. Therefore, a generalrise in interest rates can result in the decline in the bond's price. Lower rated securities arespeculative and involve greater risk of default.

Term: Short-term bonds have effective maturities of six years or less, intermediate bonds haveeffective maturities between six and twelve years; and long-term bonds have maturities of twelveyears or longer.

Income from tax exempt bonds is generally free from federal and state taxes for residents of theissuing state. While the interest income is tax-free, capital gains if any are subject to taxes. Incomeof certain tax-exempt bonds may be subject to the Federal Alternative Minimum Tax (AMT).

High Yield Fixed Income: High yield bonds are promissory notes of a corporation orgovernment entity that are considered to be below investment grade by bond rating services.The characterization of a high yield bond reflects the creditworthiness of the issuer and potentialconcerns that interest payments and return of principal may not be made as promised. High yieldbonds may have maturities of various lengths.

High-yield bonds, also known as junk bonds, are subject to greater risk of loss of principal andinterest, including default risk, than higher-rated bonds. Investors should not place undue relianceon yield as a factor to be considered in selecting a high yield investment.

Multi-Class: This category is primarily used to classify investments that include a substantialamount of both equity and fixed income investments, or some other combination of classes.

International Investments: International investments include any type of investment madein financially established markets outside of the United States. Various securities can be usedto invest in international markets, including but not limited to fixed income securities, AmericanDepository Receipts (ADRs), equities and funds.

The MSCI EAFE Index currently consists of the following 21 developed market country indexes:Australia, Austria, Belgium, Denmark, Finland, France, Germany, Hong Kong, Ireland, Israel, Italy,Japan, the Netherlands, New Zealand, Norway, Portugal, Singapore, Spain, Sweden, Switzerland,and the United Kingdom.

Investing in foreign securities such as Developed Market Ex-U.S. Equities, Emerging MarketEquities, Developed Market Ex-U.S. Fixed Income and Emerging Market Fixed Income includingADRs, involves greater risks than those associated with investing domestically including political,economic, currency and the risks associated with different accounting standards. These risks areheightened in emerging markets.

Emerging Market Equities: Emerging Market Equities consist of stocks issued by publiclytraded companies of the major developing countries around the world. Examples of these countrieswould include: Argentina, Brazil, China, Russia, and South Africa.

Emerging Market Fixed Income: Emerging Market Fixed Income is comprised ofexternal debt instruments in the developing markets. These instruments may be denominatedin United States dollars or in external currencies. A large portion of the emerging market debtis issued by Argentina, Brazil, Bulgaria, Columbia, Ecuador, Egypt, Mexico, Morocco, Nigeria,Panama, Peru, Philippines, Poland, Russia, South Africa, Turkey, Ukraine and Venezuela.

Public Real Estate: Public Real Estate includes listed real-estate companies and equityand mortgage REITs. A REIT combines the capital of many investors to either acquire or providefinancing for real estate. An equity REIT usually assumes ownership status in the property inwhich it invests, enabling its investors to earn dividends on rental income from the property andappreciation in property sale. A mortgage REIT (mREIT) usually invests in loans and mortgagessecured by real estate and derive income from mortgage interest and fees. Some mortgage REITsalso borrow money from the banks and re-lend it at higher interest rates.

There are special risks associated with an investment in real estate, including possible illiquidity ofthe underlying properties, credit risk, interest rate fluctuations and the impact of varied economicconditions. mREITS will be subject to interest rate fluctuations and to the spread between short-term and long-term bond rates.

Private Real Estate: Private real estate is an investment that uses an active managementstrategy consisting of both direct and secondary ownership of equity and debt interests in varioustypes of real property. Often diversified across property types and locations, strategies canrange from moderate repositioning or releasing of properties to new development or extensiveredevelopment. Private real estate investments are typically made through private equity realestate funds. These funds usually have a seven- to ten-year life span consisting of a two- to three-year investment period where properties are acquired, then a holding period where active assetmanagement is carried out and the properties are sold.




Privately offered real estate funds are speculative and involve a high degree of risk. Investmentsin real estate have special risks, including the possible illiquidity of the underlying properties, creditrisk, interest rate fluctuations, and the impact of varied economic conditions. There can be noassurance a secondary market will exist and there may be restrictions on transferring interests.

Commodities: These assets are usually agricultural products such as corn, livestock, coffeeand cocoa or metals such as gold, copper and silver, or energy products such as oil and naturalgas. Each commodity generally has a common price internationally. For example, corn generallytrades at one price on commodity markets worldwide. Commodities can either be sold on thespot market for immediate delivery or on the commodities exchanges for later delivery. Trade oncommodities exchanges is usually in the form of future contracts.

The commodities markets are considered speculative, carry substantial risks, and haveexperienced periods of extreme volatility.

Alternative Investments: Alternative Investments encompass a range of productstructures to provide the investor with access to markets or investment strategies that are generallynot easily accessible by individuals or smaller institutional investors. These often involve potentiallyhigher risk strategies, such as employing leverage and / or short sales.

Alternative investments, such as hedge funds, are speculative and involve a high degree of riskthat is suitable only for those investors who have the financial sophistication and expertise toevaluate the merits and risks of an investment in a fund. Short sales theoretically involve unlimitedloss potential since the market price of securities sold short may continuously increase. Leveragecan magnify gains and losses.

Hedge Funds (Fund of Funds): Currently four types of fund of funds are classified inthe Capital Markets Assumptions:

Hedge Funds - Relative Value: Investment Managers who maintain positions in whichthe investment thesis is predicated on realization of a valuation discrepancy in the relationshipbetween multiple securities. Managers employ a variety of fundamental and quantitativetechniques to establish investment theses, and security types range broadly across equity, fixedincome, derivative or other security types. Fixed income strategies are typically quantitativelydriven to measure the existing relationship between instruments and in some cases, identifyattractive positions in which the risk adjusted spread between these instruments represents anattractive opportunity for the investment manager. Hedge Funds - Relative Value positions mayalso be involved in corporate transactions.

Hedge Funds - Macro: A Fund of Hedge Funds that falls under this category usually investswith hedge funds that fall under relative value and hedged equities categories. This category mayalso include Managed Futures.

Hedge Funds - Event Driven: Event Driven strategies maintain positions in companiescurrently or prospectively involved in corporate transactions of a wide variety including mergers,restructurings, financial distress, tender offers, shareholder buybacks, debt exchanges, securityissuance or other capital structure adjustments. Security types can range from most senior inthe capital structure to most junior or subordinated and frequently involve additional derivativesecurities. Exposure includes a combination of sensitivities to equity markets, credit markets andidiosyncratic, company-specific developments.

Hedge Funds - Equity Hedge: Equity Hedge strategies maintain positions both longand short in primarily equity and equity derivative securities. A wide variety of investmentprocesses can be employed to arrive at an investment decision, including both quantitative andfundamental techniques; strategies can be broadly diversified or narrowly focused on specific

sectors and can range broadly in terms of levels of net exposure, leverage employed, holdingperiod, concentrations of market capitalizations and valuation ranges of typical portfolios. HedgeFunds - Equity Hedge managers would typically maintain at least 50% and may, in some cases,be substantially invested in equities, both long and short. Hedge Funds - Equity Hedge fundsgenerally seek to make profits by buying a group of underpriced stocks/bonds and shorting arelated group of over-priced stocks/bonds or indices.

The use of hedge fund investment strategies, such as Equity Hedge, Event Driven, Macro andRelative Value, are speculative and involve a high degree of risk. These strategies may exposeinvestors to risks such as short selling, leverage, counterparty, liquidity, volatility, the use ofderivatives and other significant risks, including the loss of the entire amount invested.

Private Equity: Private equity invests directly into private companies or assets that result in anequity ownership position. Capital for private equity is raised from retail and institutional investors,and can be used to fund new technologies, expand working capital within an owned company,make acquisitions, or to strengthen a balance sheet. Private equity investments often demandlong holding periods to allow for a turnaround and exit strategy. Typically, a private equity fundhas a term of 10+ years. Traditionally, private equity investment strategies include the following:buyout, special situations, growth equity and venture capital.

Private equity funds are complex, speculative investment vehicles and are not suitable for allinvestors. They are generally open to qualified investors only and carry high costs, substantialrisks, and may be highly volatile. There is often limited (or even non-existent) liquidity and a lackof transparency regarding the underlying assets.

Cash Alternatives: Cash Alternatives include liquid, short term and interest bearinginvestments. Examples are Treasury bills and commercial paper. It is possible to lose money byinvesting in cash alternatives.

Other: This classification represents securities which could not be definitively classified becausethere is insufficient similarity between the security and the defined asset classes. There maybe inconsistencies in one or more of the following factors: historical performance, investmentobjective or asset composition. This analysis assigns relatively high downside risk and relativelylow returns to assets classified as 'Other' in order to conservatively assess their impact on theportfolio.

Specialty: Classifications of Specialty Equities, Specialty Fixed Income, Specialty Real Assetsand Specialty Alternative Investments include securities in the highest level asset class that do notmap into one of the detailed asset categories and those securities for which there is not enoughdata available to classify more precisely.

External Accounts Included in Your ReportAs a service, we may have included your assets and/or your liabilities held at other financialinstitutions. We assume no responsibility for the accuracy or completeness of the information youprovided either to your Financial Advisor or through any third party aggregation service regardingyour assets or liabilities held at other firms. We may update the pricing of these securities; however,there may be cases when updating prices is not possible. In addition, any transactions, values orchanges in your external accounts will not be reflected unless you provide updated informationto your Financial Advisor. In instances where you use a third party aggregation service, we relyon you to take action when notified by the third party service that updates are needed. Theaccuracy and completeness of the information you provide may materially affect the results andany recommendations contained in this report.

If we have included or if you have provided us with information on accounts managed by you oran affiliate of Wells Fargo Advisors, including self-directed WellsTrade accounts at Wells FargoAdvisors, and fiduciary accounts at Wells Fargo Bank, N.A., you should understand that Wells




Fargo Advisors has no authority to manage, direct or influence the accounts. With respect to suchaccounts, the Strategic Allocation listed in this report is for informational purposes only and shouldnot be considered a recommendation from Wells Fargo Advisors or your Financial Advisor. Theviews, opinions, asset allocation models and forecasts may differ from our affiliates.

By providing you this report, neither the firm nor your Financial Advisor is acting as a fiduciaryfor purposes of ERISA or section 4975 of the Code with respect to any external ERISA-coveredemployee benefit plan or any external individual retirement account in either the planning,execution or provision of this analysis. The firm including your Financial Advisor: (a) does nothave discretionary authority or control with respect to the assets in any external ERISA-coveredemployee benefit plan or any external individual retirement accounts included in this Plan, (b) willnot be deemed an "investment manager" as defined under ERISA, or otherwise have the authorityor responsibility to act as a "fiduciary" (as defined under ERISA) with respect to such assets,and (c) will not provide "investment advice" as defined by ERISA, with respect to such assets.Any asset allocation information presented in this Plan for external 401(k) or individual retirementaccounts is for general asset allocation education and informational purposes only and should notbe viewed as fiduciary investment advice.

Envision ImplementedEnvision allows you to identify unrealistic expectations and create an investment plan of action.If this is the result, we will help you re-evaluate your goals, make adjustments, and create aRecommended Investment Plan that you feel is right for you. Whether you are already retired,planning for future retirement, or planning for other goals, the Envision process enables you tomonitor and test your Recommended Investment Plan throughout your lifetime. You can changeexisting goals or add new goals in future years. Through periodic monitoring, you can assess theimpact that your actual savings and spending patterns, investment returns and portfolio valueshave had on your Investment Plan result.

Report DisclosuresThe indexes mentioned in this report, such as the S&P 500 and MSCI EAFE are unmanagedindexes of common stock or fixed-income. Unmanaged indexes are for illustrative purposes only.An investor cannot invest directly in an index.

The material has been prepared or is distributed solely for information purposes and does notsupersede the proper use of your account statements and/or trade confirmations, which areconsidered to be the official and accurate records of your account activity. Any market pricesare only indications of market values, are subject to change, and may not reflect the value atwhich securities could be sold. Additionally, the report is prepared as of trade date, rather thansettlement date, and may be prepared on a different date than your statement. The informationcontained in this report may not reflect all holdings or transactions, their costs, or proceeds inyour account. Contact your Financial Advisor for further information. The report may also includeinformation you provided about assets held at other firms. Information on assets held away fromWells Fargo Advisors was provided by you and may not be covered by SIPC. We have reliedsolely on information from you regarding those assets. We do not verify or confirm those assetsheld with other firms or affiliates and you are responsible for notifying your Financial Advisor ofany changes in your externally held investments including cost basis. Incomplete or inaccuratecost basis will affect your plan results because the tax assumptions are incorrect. Due to timingissues, if this report includes assets held at Wells Fargo Trust Company, positions and marketdata should be verified. Before making any decisions please validate your account informationwith your Financial Advisor.

Annuities are long-term investments and may be subject to market fluctuations and investmentrisk. Many annuities offer guarantees that provide protection of an income stream or an accountvalue. All guarantees are subject to the claims paying ability of the issuing insurance companies.Annuity features and benefits vary and all annuity modeling in Envision plans is based on a set

of general product assumptions. For specific details about how your annuity works, consult yourannuity policy.

The tax assumptions in the Envision tool are based on US federal and state tax rates.Inflation assumptions are based on historical and expected US inflation assumptions. Therefore,investment plan results for non-US residents may not be accurate as the actual tax and inflationrates for countries outside of the US may vary significantly from these assumptions. The Envisiontechnology does not account for any currency fluctuations which may affect the relative value ofcash flows outside of the United States. These currency fluctuations could significantly impactone's ability to meet financial goals.

This report is not a substitute for your own records and the year-end 1099 form. Cost data andacquisition dates provided by you are not verified by our firm. Our firm does not render legal,accounting or tax advice. Please consult your legal tax advisors before taking any action that mayhave tax consequences.

© 2016 Wells Fargo Advisors. All Rights Reserved. Wells Fargo Advisors is a trade name used byWells Fargo Clearing Services, LLC and Wells Fargo Advisors Financial Network, LLC, MembersSIPC, separate registered broker-dealers and non-bank affiliates of Wells Fargo & Company.Envision's simulation model incorporates assumptions on inflation, and financial market returns.Using Monte Carlo simulations, Envision simulates thousands of potential outcomes over a lifetimeof investing. The varying risk, return and correlation between the assets are based on both forwardlooking and historical market based assumptions. Elements of this report's presentations andsimulation results are under license from © 2003-2016 Wealthcare Capital Management LLC. Allrights reserved.




Strategic Allocations (Standard)

Additional firm-sponsored strategic allocation models may be selected for your Investment Plan that may include updated asset allocation assumptions or mayvary slightly from these standard strategic allocation models. Please refer to your Current vs. Strategic Allocation page for an illustration of the allocation mix forthese models.

NameConservative

Income

ConservativeGrowth &

Income

ConservativeGrowth

ModerateIncome

ModerateGrowth &

Income

ModerateGrowth

AggressiveIncome

AggressiveGrowth &

Income

AggressiveGrowth

U.S. Large CapEquities

2.00% 17.00% 29.00% 12.00% 21.00% 29.00% 15.00% 25.00% 27.00%

U.S. Mid CapEquities

2.00% 7.00% 12.00% 2.00% 9.00% 13.00% 4.00% 11.00% 15.00%

U.S. Small CapEquities

0.00% 6.00% 10.00% 2.00% 8.00% 13.00% 4.00% 8.00% 14.00%

Developed MarketEx-U.S. Equities

2.00% 5.00% 9.00% 4.00% 6.00% 10.00% 5.00% 7.00% 14.00%

Emerging MarketEquities

0.00% 4.00% 8.00% 0.00% 5.00% 10.00% 0.00% 6.00% 14.00%

U.S. Short TermTaxable FixedIncome

28.00% 7.00% 4.00% 19.00% 4.00% 2.00% 8.00% 2.00% 0.00%

U.S. IntermediateTaxable FixedIncome

40.00% 20.00% 6.00% 30.00% 16.00% 3.00% 25.00% 11.00% 0.00%

U.S. Long TermTaxable FixedIncome

5.00% 10.00% 4.00% 7.00% 7.00% 3.00% 10.00% 4.00% 3.00%

Developed MarketEx-U.S. FixedIncome

6.00% 3.00% 2.00% 5.00% 3.00% 2.00% 5.00% 3.00% 0.00%

Emerging MarketFixed Income

3.00% 5.00% 3.00% 5.00% 5.00% 3.00% 8.00% 6.00% 2.00%

High Yield TaxableFixed Income

5.00% 6.00% 4.00% 6.00% 6.00% 3.00% 8.00% 7.00% 2.00%

Public Real Estate 4.00% 5.00% 5.00% 5.00% 5.00% 5.00% 5.00% 5.00% 5.00%

Commodities 0.00% 2.00% 2.00% 0.00% 2.00% 2.00% 0.00% 2.00% 2.00%

Cash Alternatives 3.00% 3.00% 2.00% 3.00% 3.00% 2.00% 3.00% 3.00% 2.00%




Strategic Capital Market AssumptionsCapital Market Assumptions (CMAs) for all asset classes assume a broadly diversified portfolio generally representative of the risks and opportunities of the assetclass. To the extent that the investor's portfolio is not as diversified as the assumptions made for the asset class, the return and risk potential for the portfolio mayvary significantly from the assumed CMAs.

The Strategic CMAs used within this illustration are forward looking and based on a building-block approach of risk premiums and Sharpe Ratio Equivalency.The returns for each asset class reflect the premium above the short-term risk-free rate of return that investors are likely to demand in order to compensatefor the risk of holding those assets. Sharpe ratio equivalency provides a consistent comparison of long term risk premium across various asset classes for 10years (representative of a one to two business cycle time period). All portfolio return and downside risk calculations are based on the Strategic CMAs. Theseassumptions may differ greatly from the short-term performance and volatility experienced by your actual investment holdings. There are no assurances that theestimates will be achieved. They have been provided as a guide to help you with your investment planning.

Representative Index is provided to clients as an example of a public index that generally reflects the associated asset class. Strategic CMAs are not based on theRepresentative Index. You cannot invest directly in an index.

Asset Class Downside Risk Average Annual Return1 Representative Index

U.S. Large Cap Equities -15.97% 7.66% S&P 500 TR USD

U.S. Mid Cap Equities -17.48% 8.27% Russell Mid Cap TR USD

U.S. Small Cap Equities3 -19.30% 8.49% Russell 2000 TR USD

Developed Market Ex-U.S. Equities4 -17.35% 7.48% MSCI EAFE GR USD

Emerging Market Equities4 -23.24% 8.95% MSCI EM GR USD

Specialty Equities -30.48% 5.42% None

U.S. Short Term Taxable Fixed Income -0.22% 2.62% Barclays US Aggregate 1-3 Yr TR USD

U.S. Intermediate Taxable Fixed Income -4.78% 3.11% Barclays US Aggregate 5-7 Yr TR USD

U.S. Long Term Taxable Fixed Income -12.56% 3.23% Barclays US Aggregate 10+ Yr TR USD

Short Term Tax Exempt Fixed Income -0.74% 2.10% Barclays Municipal 3 Yr 2-4 TR USD

Intermediate Tax Exempt Fixed Income -5.43% 2.46% Barclays Municipal Interm 5-10 Yr TR

Long Term Tax Exempt Fixed Income -13.30% 2.48% Barclays Municipal 15 Yr 12-17 USD

Developed Market Ex-U.S. Fixed Income4 -9.45% 2.85% JPM GBI Global Ex US TR USD

Emerging Market Fixed Income4 -12.34% 6.18% JPM EMBI Global TR USD

High Yield Taxable Fixed Income2 -11.74% 6.12% Barclays US Corporate High Yield TR USD

High Yield Tax Exempt Fixed Income2 -13.08% 4.75% Barclays HY Muni TR USD

Specialty Fixed Income -16.55% 1.88% None

Public Real Estate -18.23% 7.19% FTSE EPRA/NAREIT Developed TR USD

Private Real Estate -14.05% 7.73% NCREIF Property

Commodities -17.24% 4.44% Bloomberg Commodity TR USD

Specialty Real Assets -21.30% 3.99% None




Asset Class Downside Risk Average Annual Return1 Representative Index

Multi-Class -8.89% 6.16% Blend 60% S&P 500 / 40% Barcap US Aggregate 5-7 Yr

Hedge Funds - Relative Value -3.93% 5.09% Hedge Fund Research Inc (HFRI) Relative Value Total USD*

Hedge Funds - Macro -4.89% 4.87% HFRI Macro Total USD*

Hedge Funds - Event Driven -5.46% 5.41% HFRI Event-Driven Total USD*

Hedge Funds - Equity Hedge -7.93% 5.46% HFRI Equity Hedge Total USD*

Private Equity -19.07% 11.09% Cambridge Associates US Private Equity

Specialty Alternative Investments -26.86% 2.83% None

Cash Alternatives 0.05% 2.49% Barclays US Treasury Bill 1-3 Mon TR USD

Other -22.88% 1.12% None

Additional Disclosures1 The Average Annual Return is time-weighted. It is a measure of the compound rate of growth of the asset class.

2 Various rating services, such as Standard and Poor's and Moody's Investor Service rate the creditworthiness of bonds. Investing in lower-rated debt securities or funds that invest in such securities involvesadditional risk because of the lower credit quality of the security or fund portfolio. These securities or funds are subject to a higher level of volatility and increased risk of default, or loss of principal.

3 Investing in small companies or mutual funds that invest in small companies involves additional risk. Smaller companies typically have a higher risk of failure and are not as well established as larger bluechip companies. Historically, smaller-company stocks have experienced a greater degree of price volatility than the overall market average.

4 International investing may involve special risks such as currency fluctuation, political instability, and different methods of accounting and reporting requirements.

* Hedge Fund Research, Inc. ©2016, www.hedgefundresearch.com

Alternative investments carry specific investor qualifications which can include high income and net-worth requirements as well as relatively high investment minimums. They are complex investment vehicleswhich generally have high costs and substantial risks. They tend to be more volatile than other types of investments and present an increased risk of investment loss. There may also be a lack of transparencyas to the underlying assets. Alternative investments are subject to fewer regulatory requirements than mutual funds and other registered investment company products and thus may offer investors fewer legalprotections than they would have with more traditional investments. Additionally, there may be no secondary market for alternative investment interests and transferability may be limited or even prohibited.




Historical Based Planning AssumptionsAssumptions for all asset classes assume a broadly diversified portfolio generally representative of the risks and opportunities of the asset class. To the extent thatthe investor's portfolio is not as diversified as the assumptions made for the asset class, the return and risk potential for the portfolio may vary significantly fromthose assumptions.

The Historical Based Planning Assumptions used within this illustration are based on a range of historical market returns. Based upon the inception of data forvarious asset classes the actual range varies with several asset classes data ranging from 1926 to current. For asset classes where sufficient data is unavailable,Sharpe Ratio equivalency is used to apply a risk premium for those asset classes. The Historical-Based Planning Assumptions also use the average 10-yearrolling standard deviation to represent the volatility of the longer-term holding period rather than the yearly standard deviation. The risk and return assumptions area best estimate to simulate historical market experiences for each asset class.

Asset Class Downside Risk Average Annual Return1

U.S. Large Cap Equities -15.71% 10.31%

U.S. Mid Cap Equities -18.47% 11.18%

U.S. Small Cap Equities3 -21.96% 11.91%

Developed Market Ex-U.S. Equities4 -18.60% 10.66%

Emerging Market Equities4 -24.43% 11.55%

Specialty Equities -27.18% 8.55%

U.S. Short Term Taxable Fixed Income 0.21% 4.62%

U.S. Intermediate Taxable Fixed Income -2.20% 5.30%

U.S. Long Term Taxable Fixed Income -5.42% 5.85%

Short Term Tax Exempt Fixed Income -0.13% 3.74%

Intermediate Tax Exempt Fixed Income -2.72% 3.95%

Long Term Tax Exempt Fixed Income -5.98% 4.22%

Developed Market Ex-U.S. Fixed Income4 -7.94% 5.95%

Emerging Market Fixed Income4 -10.64% 7.24%

High Yield Taxable Fixed Income2 -9.58% 6.87%

High Yield Tax Exempt Fixed Income2 -10.70% 4.43%

Specialty Fixed Income -14.72% 3.08%

Public Real Estate -14.25% 7.65%

Private Real Estate -12.60% 7.84%

Commodities -19.89% 5.46%

Specialty Real Assets -22.58% 5.11%

Multi-Class -10.92% 8.60%

Hedge Funds - Relative Value* -8.79% 6.70%




Asset Class Downside Risk Average Annual Return1

Hedge Funds - Macro* -7.57% 6.54%

Hedge Funds - Event Driven* -7.48% 7.24%

Hedge Funds - Equity Hedge* -7.41% 7.47%

Private Equity -18.47% 11.18%

Specialty Alternative Investments -24.48% 4.83%

Cash Alternatives 1.74% 3.69%

Other -34.76% 0.23%

Additional Disclosures1 The Average Annual Return is time-weighted. It is a measure of the compound rate of growth of the asset class.

2 Various rating services, such as Standard and Poor's and Moody's Investor Service rate the creditworthiness of bonds. Investing in lower-rated debt securities or funds that invest in such securities involvesadditional risk because of the lower credit quality of the security or fund portfolio. These securities or funds are subject to a higher level of volatility and increased risk of default, or loss of principal.

3 Investing in small companies or mutual funds that invest in small companies involves additional risk. Smaller companies typically have a higher risk of failure and are not as well established as larger bluechip companies. Historically, smaller-company stocks have experienced a greater degree of price volatility than the overall market average.

4 International investing may involve special risks such as currency fluctuation, political instability, and different methods of accounting and reporting requirements.

* Hedge Fund Research, Inc. ©2016, www.hedgefundresearch.com

Alternative investments carry specific investor qualifications which can include high income and net-worth requirements as well as relatively high investment minimums. They are complex investment vehicleswhich generally have high costs and substantial risks. They tend to be more volatile than other types of investments and present an increased risk of investment loss. There may also be a lack of transparencyas to the underlying assets. Alternative investments are subject to fewer regulatory requirements than mutual funds and other registered investment company products and thus may offer investors fewer legalprotections than they would have with more traditional investments. Additionally, there may be no secondary market for alternative investment interests and transferability may be limited or even prohibited.

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