Bob just turned 70 and his wife, Sheri, is 68. Both retired from the corporate world two years ago and want to ensure that they are optimizing their retirement income to the fullest. With longevity in both families, they worry about running out of money and want to know how best to manage their retirement required minimum distributions that start at age 70-1/2.
With three daughters and five grandchildren, they also want to ensure they have an appropriate estate plan in place, implementing a charitable or family gifting strategy. They are looking for a financial advisor who can add value to their lives and puts their interests first. They want to hire someone who will work with them until the end.
Their Main Concerns:
- Recently retired but not sure they are invested in the correct strategies to maximize their retirement income for a number of years to come
- Don’t want to invade principle whenever possible
- Concerned about tax planning and implications when they have to start receiving distributions
- Looking for an advisor who will add value to their lives and puts their interests first
- Want to establish a charitable or family gifting strategy in their estate plans
- Want to ensure they have proper estate planning in place
- Worried about required minimum distributions that will start soon