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Lti Bob Nancy Adams
Lti Bob Nancy Adams
Lti Bob Nancy Adams
Longevity
Bob is a Doctor that originally wanted to Nancy is a retired office manager and relies
retire at 65 but has a taste for the finer things on her husband to make the financial
in life. Bob enjoys the fruits of his hard work decisions. Nancy wants to know that things
and doesn't want to have to change his are taken care of and that they can maintain
lifestyle throughout retirement. the same standard of living.
WHAT IS IMPORTANT TO BOB & NANCY?
Maintain Current
Lifestyle
Create a
Legacy
Outlive Assets
Essentials: $75,000
Discretionary: $70,000
TOTAL: -$145,000
Less Social Security: +$45,000
Shortfall: -$100,000
*
BOB & NANCYS ASSETS AT AGE 65
Non-Investment Assets
Primary Real Estate: $670,000
Investment Assets
Joint/Trust: $500,000
Bobs IRAs (2): $1,152,000
Nancys IRA: $40,000
Non-Investment Assets
Primary Real Estate: $780,000
Investment Assets
Joint/Trust: $789,000
Bobs IRAs (2): $1,933,000
Nancys IRA: $48,000
Investment Income
Trust/Joint $789K Fixed Income & Dividend payers @3.2%1 $25,000
Bobs IRAs $1.93M Fixed Income & Dividend payers @3.2%2 $61,800
Nancys IRA $48K Dividend payers @3%3 $1,500
Total investment income $88,300
Grand total income $133,300
Less budget $145,000
Shortfall -$11,700
Goal Strategy
Maintaining lifestyle Made major purchases from cash flow (cars and vacations).
Remaining in current
Paid off mortgage.
home
Creating a legacy Updated estate plans and used stretch IRA provisions.
Disclosures:
1. Bonds are subject to market and interest rate risk if sold prior to maturity.
Bond values will decline as interest rates rise and bonds are subject to
availability and change in price.
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