Case Study – Jean

Age 57 

Annual Income $65,000

Net Worth $485,000

Recently Divorced

Jean Kitching, 57, is feeling the financial fallout from a divorce. Her lifestyle has dramatically changed with the loss of her husband’s income and she fears retirement looming on the horizon. She plans to work until age 70 in order to play catch-up. Then she wants to move south to a cheaper location in Virginia or the Carolinas to retire.

Jean has been gradually spending money received from her divorce settlement to make ends meet. The simple fact is that she can’t afford her lifestyle and sees her savings account declining rapidly. Although she received a nice settlement through her divorce, she fears that she will need to use this to maintain her lifestyle and fears the long-term consequences.

She has two grown children and three grandchildren under seven. Her greatest fears are running out of money and being a burden on her kids should she need care when she is older. Additionally, she would like to contribute to her grandkids college funds and leave them something when she dies but can’t see how she can.

TADA SERVICES:

  • Analyze expenses and help establish a manageable long-term budget.
  • Create a financial plan to help achieve her retirement goals.
  • Create and manage an investment portfolio to preserve and grow her retirement money.
  • Implement a comprehensive insurance strategy that can provide for care in the event of chronic illness in the future, provide cash to contribute to the grandkids college education and leave a death benefit for the kids.

Securities offered through Concorde Investment Services, LLC (CIS) Member FINRA / SIPC. Advisory services offered through Concorde Asset Management (CAM), an SEC registered advisor. Insurance offered through Concorde Insurance Agency (CIA). TADA Wealth Advisors is independent of CIS, CAM and CIATADA Wealth Advisors does not offer legal or tax advice. Please consult the appropriate professional regarding your individual circumstance.

PAST PERFORMANCE IS NO GUARANTEE OF FUTURE RESULTS
The case study does not reflect actual clients. Any reference to securities is based upon historical data that is public sourced. No statement made herein is to suggest stock market performance or future performance, and no case study is used to imply future performance. The case study is intended to illustrate services available through the adviser. They do not necessarily represent the experience of any clients.

While case studies are of actual situations, photos, names and details are modified for confidentiality reasons.