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
