Piotrowski, Frank & Mary

More like this

story of my life

by Valeria Pinto

childhood memories

by felix humberto gonzalez lora

GUANACA

by miguel angel escorcia rubiano

Concept Map Biography

by Kelsey Rongey

Frank (78) & Mary (72) Piotrowski

Investment Goal

Minimized RISK Make Money Last

They are "Active" managers

USAA managed

$1,600 of Annual Fees

Ideal Portfolio

-10% Max Loss

Income - $568 / month

Safety

Tax Mitigation

Explore ROTH Conversions

Tax Liability

Current Tax Bracket - 10%

95% of Savings Tax-Deferred

IRA - $147,000

Self-Preparer/No Tax Planning

No Long-Term Care Insurance

Medications, while inexpensive, add up!

Frank & Mary are dealing with Frank's Stroke

Legacy

Anything left over will go to family

Frank & Mary's needs come first

Will was updated 10 Years ago

Top Concerns

Healthcare

Paying off debts

Having Money Last

Income Goal

Income Goal:

Would like to increase the net after bills are paid

Leaves $752 / month for groceries

Bills are $3,500 / month

Current Income is $4,252 / month

Retirement Vision

Music for Mary

Taking care of Frank's healthcare

Stay at home

Already retired

Personal

Financial Objectives:

Pay as little TAX as possible

Protect $147K IRA

Increase Cash Flow

Family

6 Children - 13 Grandchildren

Both retired, but Mary works part-time with her passion for music