1. Select an

iPortfolio™:

100 (Highest Risk) 99 98 97 96 95 94 93 92 91 90 89 88 87 86 85 84 83 82 81 80 79 78 77 76 75 74 73 72 71 70 69 68 67 66 65 64 63 62 61 60 59 58 57 56 55 54 53 52 51 50 49 48 47 46 45 44 43 42 41 40 39 38 37 36 35 34 33 32 31 30 29 28 27 26 25 24 23 22 21 20 19 18 17 16 15 14 13 12 11 10 9 8 7 6 5 (Lowest Risk) Glidepath (Reduces risk 1 iPortfolio each year)

IFA Index1:

LC - IFA U.S. Large Company Index LV - IFA U.S. Large Value Index SC - IFA U.S. Small Company SV - IFA U.S. Small Value Index RE - IFA Real Estate Securities Index IV - IFA International Value Index IS - IFA International Small Company Index ISV - IFA International Small Cap Value Index EM - IFA Emerging Markets Index EV - IFA Emerging Markets Value Index ES - IFA Emerging Small Cap Index 1F - IFA 1 Year Fixed Income Index 2F - IFA 2 Year Global Fixed Income Index 5G - IFA 5 Year Government Index 5F - IFA 5 Year Global Fixed Income Index N - IFA NSDQ Index LG - IFA U.S. Large Growth Index SG - IFA U.S. Small Growth Index TM - IFA Total U.S. Market Index SP - Simulated U.S. S&P 500

2. Select a date range From: January 1 February 1 March 1 April 1 May 1 June 1 July 1 August 1 September 1 October 1 November 1 December 1 2010 2009 2008 2007 2006 2005 2004 2003 2002 2001 2000 1999 1998 1997 1996 1995 1994 1993 1992 1991 1990 1989 1988 1987 1986 1985 1984 1983 1982 1981 1980 1979 1978 1977 1976 1975 1974 1973 1972 1971 1970 1969 1968 1967 1966 1965 1964 1963 1962 1961 1960 1959 1958 1957 1956 1955 1954 1953 1952 1951 1950 1949 1948 1947 1946 1945 1944 1943 1942 1941 1940 1939 1938 1937 1936 1935 1934 1933 1932 1931 1930 1929 1928   To: January 31 February 28 March 31 April 30 May 31 June 30 July 31 August 31 September 30 October 31 November 30 December 31 2010 2009 2008 2007 2006 2005 2004 2003 2002 2001 2000 1999 1998 1997 1996 1995 1994 1993 1992 1991 1990 1989 1988 1987 1986 1985 1984 1983 1982 1981 1980 1979 1978 1977 1976 1975 1974 1973 1972 1971 1970 1969 1968 1967 1966 1965 1964 1963 1962 1961 1960 1959 1958 1957 1956 1955 1954 1953 1952 1951 1950 1949 1948 1947 1946 1945 1944 1943 1942 1941 1940 1939 1938 1937 1936 1935 1934 1933 1932 1931 1930 1929 1928

3. Enter Beginning Value: $

4. Inflation and/or Tax Adjustment
Returns Adjusted for Inflation (CPI)
Returns Adjusted for Federal Taxes²

(35% for interest and short-term gains. 15% for qualified dividends and long-term gains.)

5. Select an annual addition withdrawal by³:

Dollar Amount	$ Adjust amount for inflation
Percentage (Max is 25%)	%
Note: The returns shown below will reflect the impact of percentage additions or withdrawals only, not dollar amount addition or withdrawals. However, growth of dollar amount does reflect dollar addition or withdrawals.

See the Chart in Log Scale.

6. Click

 

Color Button Legend for 20 IFA Index Portfolios and 20 IFA Indexes (click on buttons for definitions)

- Bright Red - Purple - Green - Aqua - Light Turquoise - Yellow - Dark Blue - Olive - Sky Blue - Light Green - Gold - Dark Teal - Sea Green - Pale Blue - Light Yellow - Orange - Dark Green - Teal - Ice Blue - Ivory - IFA U.S. Large Company Index - IFA Real Estate Securities Index - IFA Emerging Markets Index - IFA 2 Yr Global Fixed Income Index - IFA Total Market Index - IFA U.S. Large Value Index - IFA Int'l Value Index - IFA Emerging Markets Value Index - IFA 5 Yr Government Index - IFA Large Growth Index - IFA U.S. Small Company Index - IFA Int'll Small Company Index - IFA Emerging Small Cap Index - IFA 5 Yr Global Fixed Income Index - IFA Small Growth Index - IFA U.S. Small Cap Value Index - IFA Int'l Small Cap Value Index - IFA 1 Yr Fixed Income Index   -IFASimSP500 Index   - IFA-NSDQ Index - IFA U.S. Micro Cap Company Index

Interesting Historical Data:   August 13, 1979 Issue of BusinessWeek “The U.S. economy probably has to regard the death of equities as a near-permanent condition.”   Note: Recorded May 2008 In Oct 1974, near the end of the 1973-1974 market decline, a Gallup Poll indicated that 51% of Americans agreed with economists that felt we were headed for another 1930's style depression. Look at the 29.56% per year return for the next 5 years after the prediction (click here, then scroll down to see the chart). Expected returns on bonds and stocks are higher when conditions are weak and lower when economic conditions are strong. - Fama and French, "Business Conditions and Expected Returns on Stocks and Bonds," (November 1989), Journal of Financial Economics One example of an interesting period would be a view of the 1929 stock market crash period in an Index Portfolio 100. Or take a look at a more recent 6 year period (1969-1974) where Index Portfolio 100 was still down 34% after 6 long years, but that is why this level of risk is designed for 12 years or more time horizons. Or 6 years from 1975-1980, where it went up 363% total return.
Out of the last 50 years or 600 months, October 1987 was the worst one month decline in Index Portfolios 15 to 100. How long did it take Index Portfolios to recover? IP100: after a 21.79% decline in Oct. 1987? IP70: after a 16.62% decline in Oct. 1987? IP50: after a 12.61% decline in Oct. 1987? IP30: after a 8.12% decline in Oct. 1987? What was the total return of Index Portfolio 70 during and one-year-after several recessions? 1. Nov 48-Oct 49 +1 yr = 25.3% 2. July 53-May 54 + 1yr = 55.7% 3. Aug 57-April 58 + 1yr = 30.5% 4. Nov 73-Mar 75 + 1yr = 13.1% 5. Jan 80-July 80 + 1 yr = 27.9% 6. July 81-Nov 82 + 1yr = 43.0% 7. Mar 01-Nov 01 + 1 yr = -5.56%	Note: Recorded May 2008

FOOTNOTES:
¹When IFA Indexes are shown in IFA iPortfolios™, all returns data reflects a deduction of 0.9% annual investment advisory fee, which is the maximum IFA fee. Your fee may be less depending on assets under management at IFA. Fee reductions can be calculated by selecting Addition in the drop down menu in Section 5, and setting the Percentage amount to the difference from 0.9%. So a fee of 0.8% could be calculated by adding 0.1%. Unless indicated otherwise, data shown for each individual IFA Index is shown without a deduction of the IFA advisory fee. We choose this method because the creation, choice, monitoring and rebalancing of diversified index portfolios are the services of the independent investment advisor and at that point the fees are appropriate to deduct from the whole portfolio returns. Since we accept no fees from investment product firms, IFA compares index funds based on net asset value returns, which are net of the mutual fund company expense ratios only.

The annualized standard deviation number is presented as an approximation by multiplying the monthly standard deviation by the square root of twelve (3.464), the number of periods in a year. Note that the standard deviation computed from annual data may differ materially from this estimate. Returns of the twenty IFA index portfolios are shown net of IFA and DFA fees, and returns of the fifteen IFA indexes are shown net of DFA fees only. IFA Indexes have been constucted net of typical mutual fund fees. Backtested performance is hypothetical (it does not reflect trading in actual accounts) and is provided for informational purposes to indicate historical performance had the index portfolios been available over the relevant period. IFA did not offer the index portfolios until November 1999. For a complete explanation of backtested performance, please click and read this button: .

²After-tax returns are net of federal taxes only, and they exclude the impact of capital gains resulting from liquidation and rebalancing. Where possible, the after-tax returns supplied by DFA for the standard (non-tax-managed) funds are shown. These returns can be materially different from actual after-tax returns experienced by clients with tax-managed funds. The primary purpose of having this data on the returns calculator is to facilitate an estimate of the impact of federal taxes on returns. For periods prior to the existence of the DFA mutual funds, the pre-tax returns of the IFA indexes with an estimated adjustment for the impact of taxes are used. A 35% rate is applied to distributions of interest income and short-term capital gains. A 15% rate is applied to distributions of qualified dividends and long-term capital gains. After-tax returns are not available for the first 11 months of current year, because the majority of the tax impact occurs in December, due to capital gains and dividend distributions.

³Both percentage and dollar amount addition or withdrawals are assumed to occur monthly at the end of each month.

⁴IFA Index and iPortfolio™ data based on starting value of one, as of Jan 1, 1928. Sources and Disclosures: ifabt.com, dfaus.com & yahoo.com.