Trinity Study
What was the name of the University that published this study?
Trinity University
What does F.I.N. stand for?
Financial Independence Number
The 3 Hypothetical characters names were Sandy Saver, Thomas Young and _________?
Samantha Spender
What is it called when you reinvest interest earned in order to generate more income?
Compound Interest
What is the ideal draw down % in retirement?
4% or lower
The total amount of retirement savings you need to retire comfortably is called what?
F.I.N.
How many years of service do I need to receive 50% of my FAS?
25 Years
Equities and fixed income investments both fight for your money like a game of ________?
Tug-O-War
What state is Trinity University located in?
Texas
What are my two fixed income sources in retirement?
Social Security & NYS Pension
What are the 3 legs of the retirement stool?
Pension, Social Security & Retirement Savings.
If you wanted an investment with a set return and low risk what would you invest in?
Fixed Income
Can I safely draw down my retirement savings by 4% if my allocation is 0% Stocks, 100% Bonds?
No
How do you calculate F.I.N.?
(Retirement Income - Retirement Expenses) / 4%
What type of investment offers a higher rate of return but with higher levels of risk?
Stocks
What portfolio would preform better with a 4% draw down ratio according to the Trinity Study?
75% Bonds or 75% Stocks?
75% Stocks
Should you include a fixed expense that will end before retirement in your F.I.N. calculation?
No
What is the penalty for withdrawing money from your Deferred Comp. plan before age 59.5?
10%
Employees with less than 20 years of creditable service will receive what % of their F.A.S. for each year of service?
1.66%