Source: DST Systems, Inc. For the period from January 1, 1926, through December 31, 2016. Stocks are represented by the S&P 500 index. Bonds are represented by a composite of the total returns of long-term U.S. government bonds, derived from yields published by the Federal Reserve through 1972, the Bloomberg Barclays Long-Term Government Bond index through 1975, and the Bloomberg Barclays U.S. Aggregate index thereafter. Cash is represented by a composite of the yields of 3-month Treasury bills, published by the Federal Reserve, and the Bloomberg Barclays 3-Month Treasury Bellwether index. Inflation is represented by the change in the Consumer Price Index. It is not possible to invest directly in an index. Past performance is not a guarantee of future results.