new case study

The client is a 70 year old female living off of social security and income from a small part time job. She has assets available that she uses for emergencies or to pay for large expenses. Her biggest concern is that her current assets are going to run out of money and she will have to survive only on her social security. She would like to stop working and have extra income to be able to visit her children and grandchildren. Along with needing a long term retirement plan to supplement her social security, she also needs immediate income to live more comfortably.

The client has a house with a fair market value of $400k with no current mortgage. There is an open HELOC available, but she does not have the cash flow to pay for a new mortgage payment. She also wants to be able to pass down her house to her children mortgage free. Her current assets include a $250k Money Market account and a 401(k) for $100k. Due to the recent market she has experienced a loss in these funds and fears they are not going to be enough to get her through retirement.

For this client we were able to provide an immediate income in years 1-10 of $28k. Along with the immediate income, starting in year 11 she would be able to receive income of $32k that will last into perpetuity. She felt comfortable that her assets were now set up in a structured retirement plan with safety and guarantees that will allow her to live a comfortable retirement. A death benefit of $398k was provided that increased her total estate and legacy that would be left behind to her children. We were able to not have any additional out of pocket costs and her children will still be able to receive the house mortgage free.

Unfortunately, since other financial planners have been reading my blog and stealing my strategic designs for their own use, you'll need to contact me directly to see what we did to assist this client.

J. Michael Nash
Financial Strategist
The Michael Nash Group
1911 Rio Grande
Austin, Tx 78705
(512) 494-0300 office
(512) 494-0301 fax
(512) 731-8818 mobile
"Good, Better, Best! Never let it rest! Never let it rest until GOOD gets BETTER and better gets BEST!"