George and Barbara are years old and consult with you about their retirement. They are bored with their jobs and \"can\'t wait another year to retire.\" They want to travel extensively, join a country club and buy new cars. They have almost $ million in retirement plans. What would you recommend? Consider Federal and State income taxes, cost of living, inflation, low interest rates on low income investments, vulnerability of the stock market and other relevant factors.

Pozycki, LLC has reported losses of $ per year since its founding in

For Pozycki anticipates a profit of about $ There are equal members of the LLC In the company is expected to become wildly profitable with income projected in the $ range.

What advice would you give the LLC members?

Paul and Linda meet with you to have their income taxes done. You suggest they might want to set up a follow up meeting to go over some basic estate planning. Their cold response iswe are just ordinary hard working people and don\'t need an estate plan. There is no way we will ever have over $ million in assets.\" What might you say to them to encourage them to meet with you?: What ideas and cautions would you bring up

Explain the most provocative andor annoying concept, idea or fact you learned or didn\'t leam in your two tax courses. Explain why? You can be political if you want. I will likely add points if you say something brilliant whether or not I agree with your opinion.

Answer rating: 100% (QA)

1 Retirement Planning for George and Barbara Given George and Barbaras desire to retire early and their financial situation with almost 4 million in retirement plans it is important to consider severa... View the full answer