Winston and Neisha have been married for almost 40 years. Neisha is 60 and Winston is 63.
Question:
Winston and Neisha have been married for almost 40 years. Neisha is 60 and Winston is 63. Neisha works in HR with her present company and has $300,000 in retirement savings. Winston works for the state government which provides him a pension of $1,500 per month (100% transferrable to Neisha) and $200,000 in a 457b plan. They have no debt and full health care benefits through Winston. They will have $2,500 per month combined Social Security income, no debt, and monthly expenses of $5,000. They plan to retire when Winston is 65 years old.
-Explain how you (the financial planner) would position the applicable and needed insurance solutions to fit both the client's budget and needs.
-Explain why and how you came up with your proposed solution
-Use real-time experiences (if applicable) to explain past solutions.
Taxation Of Individuals And Business Entities 2015
ISBN: 9780077862367
6th Edition
Authors: Brian Spilker, Benjamin Ayers, John Robinson, Edmund Outslay, Ronald Worsham, John Barrick, Connie Weaver