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Passing Along More

Than Just a Legacy

LIFETIME INCOME CASE STUDY


Barry & Audrey Stamper
Registered Investment Advisor

Presented by Financial Sense Advisors, Inc.


Important Notice:
This is a hypothetical illustration based on real life
examples. Names and circumstances have been
changed. The opinions voiced in this material are
for general information only and are not intended
to provide specific advice or recommendations for
any individual. To determine which investments or
strategies may be appropriate for you, consult
with a financial advisor prior to investing.

Financial Sense Advisors, Inc.


Registered Investment Advisor
WHO ARE BARRY &
AUDREY?
Ages: 65 & 62

Jobs: Business Owner & Homemaker

- Barry likes idea of retiring soon but wants


to ensure business is left in good hands

- Audrey wants to retire knowing that their


nest egg is secure and that their legacy is
passed on smoothly

- Seeking a professional to help determine


how they can hand-off their business and
retire
WHAT IS IMPORTANT TO BARRY?

Developing a plan to
pass off the business Being able to retire
soon

Barry

Maximizing
retirement income
WHAT IS IMPORTANT TO AUDREY?

Simplifying their tax


Reducing investment situation & estate plan
risks

Audrey

Protecting their nest egg


BARRY & AUDREY’S CURRENT RISK
TOLERANCE?

Most Conservative 1 - 20 - 30 - 40 - 50 - 60 - 70 - 80 - 90 - 100 Most Aggressive

Current Risk Score Portfolio Risk Score

51 72
BARRY & AUDREY’S CURRENT BUDGET

Income $340,000
Expenses ($183,000) Discretionary
29%

Surplus $157,000
Living Expenses
71%
BARRY & AUDREY’S RETIREMENT BUDGET

Income $95,000
Expenses ($159,000) Discretionary
34%
Shortfall ($64,000) Living Expenses
66%
BARRY & AUDREY’S BALANCE SHEET

Real
Estate + Portfolio - Liabilities = Net Worth

$11,050,000 $3,060,000 ($280,000) $13,830,000


BARRY & AUDREY’S ASSET ALLOCATION

1% 15% Asset Allocation


5% Stocks
10% Bonds
Cash
70% Real Estate
Hard Assets
BARRY & AUDREY’S FINANCIAL PLAN CHALLENGES

1. Managing estate taxes.

2. Maximizing potential benefit of


their assets.

3. Liquidity concerns.

4. Update allocation to focus on


preserving wealth.
BARRY & AUDREY’S RETIREMENT INCOME STRATEGY

Rental
Income

$40,000
+ Social
Security

$45,000
+ Portfolio

$93,568
= $
Total
Income
$178,568

Investment Portfolio Expenses ($159,000)


Barry’s Retire. $2.08M Stocks & Bonds @ 3.2%1 $66,560
Surplus $19,568
Audrey’s Retire. $320K Stocks & Bonds @ 3.2%2 $10,240
Joint/ROS Acct $524K Stocks & Bonds @ 3.2%3 $16,768
PMs and Cash $136K

1,2 & 3: Yields are for current portfolio yields as of 4/30/18. Please see disclosures at the end of this presentation for security risks.
GOAL BASED RECOMMENDATIONS
FOR BARRY & AUDREY

Minimizing taxes Meeting liquidity needs


• Looking for a simpler solution that
• Begin to sell some of their real estate
lowers their tax liability
to create more liquidity in order to
• We recommended establishing a 2nd to meet their goals and needs
Die life insurance policy placed into an
ILIT

Maximizing value of
Asset allocation
estate
• Update investments to reflect more
• Use IRA assets to meet legacy planning conservative mix of dividend paying
goals to charities and non-profits stocks and bonds
• Non-qualified assets could be left to
• Create more diversification to reduce
family who would receive step-up in
portfolio volatility
cost basis
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.

2. The payment of dividend is not guaranteed. Companies may reduce or eliminate the
payment of dividends at any given time.

3. The information in this material is not intended as tax or legal advice. Please consult legal
or tax professionals for specific information regarding your individual situation.

Financial Sense Advisors, Inc.


Registered Investment Advisor
Financial Sense® Advisors, Inc.
Registered Investment Advisor

If you have any specific questions or comments, please give us a call at

(858) 487-3939
We’re happy to speak with you.

Post Office Box 503147 - San Diego, CA 92150-3147


10809 Thornmint Road 2nd Floor - San Diego, CA 92127-2403
(888) 486-3939 Toll Free (858) 487-3939 Tel (858) 487-3969 Fax

Advisory services offered by Financial Sense® Advisors, Inc.


An SEC Registered Investment Advisor.