Get Financially Fit. Define short-and long-term goals. Have your goals changed from 2-3 years ago? When goals change, adjust your plan.

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1 Get Financially Fit Reduce debt. Save for today. Save for tomorrow. Define short-and long-term goals. Have your goals changed from 2-3 years ago? When goals change, adjust your plan. 1

2 What Do Your Financial Goals Look Like Today? Sample goals are for illustrative purposes only. Analyze short-and long-term goals Explore opportunities Develop your plan, and stick to it* *Review your plan at least annually or as significant events occur. Challenge Yourself Make a budget Reduce debt Save for today and tomorrow 2

3 Make a Budget Keep it simple Determine monthly income Identify all expenses Record everything for a month Establish estimates for monthly spending Stick to it Reduce Debt Manage your credit cards by paying down balances Consolidate your credit card debt Visit principal.com/calculators Check your credit score at myfico.com or quizzle.com Request a free credit report at annualcreditreport.com Reduce Debt = $1,752 total payment over seven years Source: Federal Reserve, Example is for illustrative purposes only. 3

4 Save for Today Create an emergency fund based on essential expenses: Mortgage or rent Utilities Food Insurance costs Transportation Loans Save for Tomorrow Participate in your employer-sponsored retirement plan View it as a long-term investment Benefit from the ability to contribute tax-deferred Contribute on a consistent basis through payroll deduction Race to Retirement 4

5 Why Time Is Money Sarah Contributes 10% of her pay per year right away Total Contribution $180,679 John Waits 10 years to begin contributing 10% of his pay per year Total Contribution $139,619 This chart assumes a starting salary of $35,000, a 3.5% annual salary increase, a 10% salary contribution each year, a 50% employer match on up to a 6% salary contribution (providing an additional 3%) and a 7% return on investment, compounded biweekly. Estimated monthly retirement income calculations assume a 4.5 percent annual withdrawal in retirement. This example is for illustrative purposes only. The assumed rate of return is hypothetical and does not guarantee any future returns nor represent the return of any particular investment option. Individual taxpayer circumstances may vary. Savings amounts shown do not reflect the impact of taxes on pre-tax distributions. Benefit from Tax Savings 10% CONTRIBUTION NO CONTRIBUTION Bi-weekly pay $1,346 $1,346 Pre-tax contribution $135 This amount goes into the plan. $0 Taxable income $1,211 With no contribution, you d pay $1,346 more income tax. Taxes (25% tax bracket) $303 $337 Take-home pay $908 Pay is reduced by the amount contributed to the plan and income tax. Impact to paycheck $1,009 $101 Why is the impact to pay less than the amount going into the plan? Tax savings! With no contribution, you would ve lost an additional $34 to taxes. By making a pre-tax contribution, you defer paying the income tax. This chart assumes tax withholding of 25%. Individual taxpayer circumstances may vary. This is for illustrative purposes only. Consider Taking Steps Toward 10% ESTIMATED REDUCTION IN ESTIMATED ADDITIONAL ADDITIONAL ADDITIONAL BI-WEEKLY MONTHLY RETIREMENT CONTRIBUTION SAVINGS AT TAKE-HOME PAY INCOME RETIREMENT 1% $10 $49,782 $187 2% $20 $99,565 $373 3% $30 $149,347 $560 5% $50 $248,911 $933 This example is for illustrative purposes only. It assumes $35,000 in annual income, 3.5 percent annual wage growth, 30 years to retirement, 7 percent annual rate of return and a 25 percent tax bracket. Estimated monthly retirement income calculations assume a 4.5 percent annual withdrawal in retirement. The assumed rate of return is hypothetical and does not guarantee any future returns nor represent the return of any particular investment option. Reduced take-home pay is accurate for the initial year and would change based on participant's annual pay. Estimated savings amounts shown do not reflect the impact of taxes on pre-tax distributions. Individual taxpayer circumstances may vary. 5

6 Financial professional as financial fitness trainer Create a strategy Use worksheets in the handbook Accountability Talk with your spouse or partner Meet regularly with a financial professional Reward your success Your Financial Fitness Center principal.com/financialfitness 6

7 *IRS limit as indexed for the 2014 tax year; amount may also be further limited by the plan document. ** If you are still working after age 70½, are not a greater than 5 percent owner of the company, and are still eligible for active participation in the company retirement plan, you do not have to take Required Minimum Distribution (RMD) from the compa ny until employment is terminated. Your first RMD would not need to be taken until April 1 following the year of retirement. The exception only applies to the company plan where you are currently employed, not other employer plans or individual IRAs. *** A Roth IRA doesn't require a withdrawal when the owner is alive, but an required minimum distribution is required by the beneficiary(ies) after death of a Roth IRA owner. *IRS limit as indexed for the 2014 tax year; amount may also be further limited by the plan document. ** If you are still working after age 70½, are not a greater than 5 percent owner of the company, and are still eligible for active participation in the company retirement plan, you do not have to take Required Minimum Distribution (RMD) from the compa ny until employment is terminated. Your first RMD would not need to be taken until April 1 following the year of retirement. The exception only applies to the company plan where you are currently employed, not other employer plans or individual IRAs. *** A Roth IRA doesn't require a withdrawal when the owner is alive, but an required minimum distribution is required by the beneficiary(ies) after death of a Roth IRA owner. Source: Internal Revenue Service Retirement Savings Vehicles Retirement Savings Vehicles IRAs: a Smart Choice for Retirement Savings IRA Contribution Limits Tax Year Regular contribution, Traditional & Roth IRAs Additional catch-up contribution for those age 50 and older 2011 $5,000 $1, $5,000 $1, $5,500 $1, $5,500 $1,000 *IRS limit as indexed for the 2014 calendar year. 7

8 *Adjusted Gross Income amounts as indexed to 2012 calendar year. Your IRA Options How Traditional and Roth IRAs Differ Who is eligible? Tax-deductible contributions Traditional IRA Individuals with earned income or nonworking spouses under age 70½ Yes, if you meet certain income or other eligibility requirements Roth IRA Individuals with earned income or non-working spouses of any age No Income limits None Annual contribution limit gradually phases out at income levels of $110,000 -$125,000 for singles and $173,000 -$183,000 for married couples.* Tax consequences Withdrawals Earnings accumulate tax-deferred until withdrawn in retirement; early withdrawals may be subject to income tax and 10% penalty tax. Must begin by age 70½; may begin penaltyfree at age 59½ or for certain medical, education and home purchase expenses. Earnings accumulate tax-deferred and may be withdrawn tax-free after you ve owned the Roth IRA for at least 5 years for certain withdrawals, or provided you re at least 59½ at the time of the withdrawal; early withdrawals may be subject to income tax and 10%penalty tax. No mandatory withdrawal requirements. Penalty-free withdrawals may begin at age 59½ or for certain medical, education and home purchase expenses. Other Sources of Retirement Income Mutual funds Certificates of deposit U.S. savings bonds Savings accounts Get Financially Fit Reduce debt. Save for today. Save for tomorrow. 8

9 Questions? While this communication may be used to promote or market a transaction or an idea that is discussed in the publication, it is intended to provide general information about the subject matter covered and is provided with the understanding that none of the member companies of The Principal are rendering legal, accounting, or tax advice. It is not a marketed opinion and may not be used to avoid penalties under the Internal Revenue Code. You should consult with appropriate counsel or other advisors on all matters pertaining to legal, tax, or accounting obligations and requirements. Retirement professionals are sales representatives of the members of the Principal Financial Group. They do not represent, offer, or compare products and services of other financial service organizations. (Include this disclosure in Retire Secure situations, then delete this note) Insurance products and plan administrative services are provided by Principal Life Insurance Company. Securities are offered through Princor Financial Services Corporation, , a member SIPC and/or independent broker dealers. Securities sold by a Princor Registered Representative are offered through Princor. Princor and Principal Life are members of the Principal Financial Group (The Principal ), Des Moines, IA These are only general guidelines, which may be helpful in making personal financial decisions. Responsibility for these decisions is assumed by you, not the Principal Financial Group or any of its member companies. PT349 02/2014 t uf Disclosures Investors should carefully consider mutual fund's investment objectives, risks, charges, and expenses prior to investing. A prospectus, or summary prospectus if available, containing this and other information can be obtained by contacting a financial professional, visiting principal.com, or calling Read the prospectus carefully before investing. Investment options are subject to investment risk. Shares or unit values will fluctuate and investments, when redeemed, may be worth more or less than their original cost. It is possible for an investment option to lose value. Insurance issued and plan administrative services provided by Prinicpal Life Insurance Company. Securities offered through Princor Financial Services Corporation, , Member SIPC and/or independent broker/dealers. Securities sold by a Princor Registered Representative are offered through Princor. Principal Life and Princor are members of the Principal Financial Group, Des Moines, IA While this communication may be used to promote or market a transaction or an idea that is discussed in the publication, it is intended to provide general information about the subject matter covered and is provided with the understanding that none of the member companies of The Principal are rendering legal, accounting, or tax advice. It is not a marketed opinion and may not be used to avoid penalties under the Internal Revenue Code. You should consult with appropriate counsel or other advisors on all matters pertaining to legal, tax, or accounting obligations and requirements. No part of the presentation may be reproduced or used in any form or by any means, electronic or mechanical, including photocopying, recording, or by any information storage and retrieval system without prior written permission from the Principal Financial Group. 9

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