White House Financial & Settlement Consulting, LLC helps families live an easier and less stressful life through the achievement of their financial goals by providing comprehensive, fee-only, client focused financial advice and exceptional service.
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Helping clients determine if they can retire
This week we completed an analysis for a husband and wife
who were referred to us by one of our best clients. After checking with our references, they
hired us to help them manage their retirement portfolio, but more importantly
to help them determine if the husband could afford to retire. The wife was retired and wanted her husband
to retire from the University of Michigan where he had worked for almost thirty
years. They wanted to spend more time
each year traveling and living outside the U.S.
The bulk of their retirement assets were in the University of Michigan
Fidelity and TIAA-CREF retirement plans.
They were very diligent about saving for retirement and budgeting,
however, they did not have confidence that they could achieve their income and
travel goals if he retired, or at least not for very long. This is a very common client concern we see
over and over again. Luckily, our
analysis opened their eyes to several factors they did not consider in theirs,
such as the effect of inflation and perhaps easing into retirement over the
next several years. We were able to help
them tweak their budget and make them more comfortable with their retirement
income number and the probability of achieving their goals. It is critical that future inflation is taken
into consideration when we are doing retirement income projections. In addition, many clients are tied to this
idea of not spending any principal. In
reality, most clients will spend some principal in certain years while in
retirement. The current rule of thumb in financial planning is that a client
with a well-balanced stock and bond portfolio can safely spend approximately
4.50% of the portfolio each year without depleting principal over time. Again, this is just a rule of thumb; however,
we have personally witnessed this work for clients. When you are using an annual percentage
spending goal as opposed to a fixed amount, you are leaving more principal to work and compound during the good years and taking less in
White House Financial & Settlement Consulting
helps families live an easier and less stressful life by helping them
accumulate and preserve their wealth. We
do this by acting as our clients’ trusted advisor providing client focused,
custom, comprehensive, financial advice and exceptional service! Please visit our web site at www.whitehousellc.com for more
You probably know us best for our Plaintiff Focused Structured Settlement Consulting services. You may not know that we also help plaintiff attorneys and their clients resolve those nasty LIENS that threaten your hard won settlements through our partnership with PROVIDIO!
Please click the link below for more information on our lien resolution services:
We just updated our firm brochure. Download it is it is helpful!
For 20 years we have been Michigan's premier Plaintiff Focused Structured Settlement Consultant. Please contact us early at (734) 433-1670 or email@example.com and let us help you and your clients maximize your hard earned settlement dollars call! www.whitehousellc.com
When considering a structured settlement, brokers, attorneys, judges, and settlement claimants are best served by a structure that is tax free and funded by a highly regulated and rated insurance company.
Click on the following link for more information on this topic in this excellent article on the American Bar Association (ABA) web site! ABA Recycled Annuities Article For 20 years we have been Michigan's premier Plaintiff Focused Structured Settlement Consultant. Please contact us early at (734) 433-1670 or firstname.lastname@example.org and let us help you and your clients maximize your hard earned settlement dollars call! www.whitehousellc.com