Week $2$

Applicable VLOs or EESs for This Week$$s Case Study

Construct a personal retirement plan in accordance with the steps involved in estate

planning.

ESS:

$$ Critical thinking & problem solving

$$ Information management

$$ Numeracy

This Week$$s Detailed Case Study Information

Amidst the soft hum of Ascend$$s office, Jean walks in with an air of bemusement. He

has just finished a call with a client, an established surgeon named Dr$.$ Richard, who is

looking at retirement in a decade. Dr$.$ Richard, an esteemed cardiothoracic expert, has

led a successful career spanning over thirty years. However, he$$s spent more time

mending hearts than planning for his own retirement. His current net worth stands at a

healthy $$3$ million, with an annual income of $$500,000.$ Richard$$s investment portfolio is

conservative, with $70\%$ in bonds and $30\%$ in equities, nudging the portfolio yield to a

moderate $4\%.$

Isabelle, overhearing the conversation, nods in agreement. She understands the

importance of a comprehensive retirement plan that takes into account estate

planning. Chloe, always the tax expert, suggests revisiting Dr$.$ Richard$$s investment

strategy to optimize potential tax benefits. Benjamin, keen on leveraging technology,

proposes using digital tools for a personalized retirement plan.

As consultants, your task is to construct a personal retirement plan for Dr$.$ Richard that

aligns with his retirement goals, lifestyle expectations, and risk tolerance. You$$ll need to

consider his existing financial position, potential tax implications, and future market

conditions. Moreover, as part of the estate planning process, you will need to look into

WIL PROJECT

Dr$.$ Richard$$s will and testament, power of attorney, and his wishes concerning medical

care and asset distribution, ensuring a smooth transition of his wealth.

Deliverables for This Week$$s Case Study

$1.$ Complete a client profile.

$2.$ Develop a comprehensive retirement plan for Dr$.$ Richard, incorporating his financial

goals, risk tolerance, and lifestyle expectations.

$3.$ Conduct a thorough review of Dr$.$ Richard$$s existing will and testament, power of

attorney, and medical care documents. Propose necessary changes to align with his

retirement and wealth transition goals.