![]() James is the beneficiary of Harold’s SAR SEP IRA. Neither James nor Harold has any life or disability insurance. James and Harold live a fairly extravagant lifestyle of dining out and vacations, funded primarily from Harold’s In contrast, Harold contributes $10,000 / year to his Maximum matching contribution offered by his employer. Harold states that he is fairlyĪggressive, and his investment account is almost entirely (90%) equity investments. Harold runs a successful consulting practice out of his home. To his parents Harold has a power-of-attorney and health care power-of-attorney that names his father asĪttorney-in-fact. The trust reverts to Harold’s brother at his death if he has no children. Most years, Harold has not taken withdrawals from this account. Health, education, maintenance, or support. Harold has inherited money in a generation-skipping trust from his mother the trust allows for distributions for James and Harold are a same-sexĬouple and that have been together for seven years they both live in the house that Harold owns. In your opinion, how often should the financial plan of Harold and James be monitored?Īttached please find the case study of James Wilson and Harold Newton. How would you reallocate Harold investmentsĦ. Using the information attached about James and Harold create a financial plan using MoneyGuide Proīased on your MondeyGuide Pro financial plan for James and Harold:Ģ. Provide for each other in the event of death. Paying a 16.99% annual interest rate on his credit card debt.Ģ. Is the beneficiary of Harold’s SAR SEP IRA ![]() Harold has any life or disability insurance. However, James still provides the primary support for his basic living needs. Out and vacations, funded primarily from Harold’s ![]() James and Harold live a fairly extravagant lifestyle of dining James contributes $3,000/year to his 401(k), just enough to obtain the Harold runs a successful consulting practice out of hisĪnd his investment account is almost entirely (90%) equity investments. S brother at his death if he has no children. Years, Harold has not taken withdrawals f Health, education, maintenance, or support Harold has inherited money in a generation. ![]() Have been together for seven years they both live in the house that Harold owns. At its conclusion, 7 out of 10 clients requested a plan.Financial Plan Exercise using Financial Planning SoftwareĪttached please find the case study of James Wilson and Harold Newton. Play Zone® allows clients to make adjustments to variables such as retirement age and lifestyle.Īccepting our challenge, the advisor used it with his top ten clients. We challenged an advisor to present the Play Zone® feature during his next client meeting to demonstrate the value of an interactive planning tool. MoneyGuidePro® helps advisors to engage clients in the planning process from the beginning. Easy to use and adaptable – the software is highly interactive and facilitates client engagement while motivating them to take action. MoneyGuidePro® Financial Planning Software is designed for advisors, with the client in mind – helping the financial advisor add human value to the planning process. MoneyGuidePro® has been named the #1 financial planning software for nine years running. As an innovator and industry leader, we are focused on helping financial advisors use technology to help more clients prepare for retirement and develop deeper client relationships. Creator of MoneyGuidePro® believes Everyone Needs And Deserves A Quality Financial Plan. PIEtechSM is the creator of MoneyGuidePro®, financial planning software, and myMoneyGuide®, a client-driven digital planning solution, and Best Interest Scout, a standardized, scalable client discovery solution. PIEtechSM, Inc.’s vision is that everyone needs and deserves a quality financial plan.
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