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Video Transcript

Retirement Income Estimator

Cover image: Computer monitor on desk. / Content on screen: It just got EASIER TO PLAN for tomorrow.

Audio: [MUSIC PLAYS IN THE BACKGROUND]

Camera zooms in closer to the computer monitor. The image on the monitor switches to the Retirement Income Estimator.

Box on left side of screen. / Content in box: Are you on track to REACH your retirement paycheck goal?

Within the Retirement Income Estimator, the section showing the estimated paycheck in retirement zooms in displaying the amount for the paycheck at $5,840/month (62%) and the income replacement at $7,500/month (80%).

The section zooms out.

Box on left side of screen. / Content in box: Or, do you have a SAVINGS SHORTFALL?

Message appears inside the Retirement Income Estimator. / On screen text: You may have a shortfall in your retirement savings. Your estimated retirement paycheck is 62% of your pre-retirement annual income. You can also add other retirement savings to get a more complete estimate. Increasing your contribution amount may help you reach your retirement paycheck goal. My Contributions: 4%

Box on left side of screen. / Content in box: EXPLORE your options with the Retirement Income Estimator.

View shifts to the monitor and zooms in for a closer look at the Retirement Income Estimator tool, and it fills the entire screen. The arrow clicks on the Explore More Options link for an expanded view.

Box on left side of screen. / Content in box: See how increasing your contribution CAN HELP.

Arrow moves across the screen and down to the contribution rate graph. It increases the Contribution Rate from 4% to 8% showing the estimated paycheck amount increase from $5,840/month (62%) to $6,950/month (74%). This demonstrates how moving the contribution rate bar shows real-time estimated changes.

Pop up box on upper, right side of screen highlights the estimated change. / Content in box: My estimated paycheck in retirement $6,950/month

Box on left side of screen. / Content in box: Does DELAYING RETIREMENT get you closer?

Arrow moves to the top of the screen and adjusts the Retirement Age from 65 to 66. The estimated paycheck amount increases from $6,950/month (74%) to $7,570/month (78%).

Pop up box on upper, right side of screen highlights the estimated change. / Content in box: My estimated paycheck in retirement $7,570/month

Box on left side of screen. / Content in box: How does SOCIAL SECURITY impact your goal?

Arrow on screen moves to the Social Security Retirement Benefits section to show how you can include or exclude Social Security benefits by checking and unchecking the box.

Pop up box on upper, right side of screen highlights the estimate change. / Content in box: My estimated paycheck in retirement $4,780/month (when the Social Security Retirement Benefits is unchecked) and My estimated paycheck in retirement $7,570/month (when the Social Security Retirement Benefits is checked).

Box on left side of screen. / Content in box: Want more DETAILS?

Box on left side of screen. / Content in box: See where your RETIREMENT INCOME comes from.

Retirement Income Sources box from bottom right side of screen enlarges for a close up view. The image is a bar graph currently selected to display Income Sources. The graph has the estimated annual retirement income on the y-axis and retirement age on the x-axis. The view displays the use of retirement income from the start of retirement to the estimate life expectancy, indicating the use of retirement savings, Social Security and any shortfalls.

Box on left side of screen. / Content in box: Learn how your SAVINGS may be spent in RETIREMENT.

Within the graph, the arrow switches from Income Sources to Savings. The graph has the account balance on the y-axis and age on the x-axis. The graph shows an incline in account balance during contributing years and a decrease in the shaded area designated as Retirement Age.

Box on left side of screen. / Content in box: Or, maybe you have OTHER RETIREMENT SAVINGS.

Box on left side of screen. / Content in box: ADD THEM to get a more complete estimate.

Arrow on screen moves to click on the Add/update other savings link, which then enables the Additional Retirement Savings box to pop up for a larger view.

The arrow clicks on a drop down menu in the Add Other Retirement Savings section and chooses Roth IRA.

The arrow then moves to the Current Balance box and inputs $15,875.

The arrow then moves to the Annual Contribution box and inputs $520.

The arrow then moves to click the Save button.

The addition of the Roth IRA balance shows the estimated paycheck in retirement amount increase to $8,530/month (88%).

Box on left side of screen. / Content in box: EXPLORE YOUR OPTIONS

Screen on monitor changes to blue background. / Content on screen: Visit your RETIREMENT PLAN DASHBOARD and make a plan for tomorrow.

On screen text: Wells Fargo logo, wellsfargo.com, Facebook icon, Twitter icon, LinkedIn icon, and YouTube icon.

Disclosures:

Investments in Retirement Plans:

NOT FDIC INSURED – NO BANK GUARANTEE – MAY LOSE VALUE

Please note that we are not responsible for the information contained on the listed Web site(s). The site(s) is/are provided to you for information purposes only.

Recordkeeping, trustee, and/or custody services are provided by Wells Fargo Institutional Retirement & Trust, a business unit of Wells Fargo Bank, N.A., a bank affiliate of Wells Fargo & Company.

This information is for educational purposes only and does not constitute investment, financial, tax, or legal advice. Wells Fargo Institutional Retirement & Trust does not provide tax or legal advice. Please contact an investment, financial, tax, or legal advisor regarding your specific situation.

©2020 Wells Fargo Bank, N.A. All rights reserved. CAR-1120-00745