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The moderate risk-taker
Danielle is a financially stable retiree and a moderate-agressive risk taker.
|Danielle is 70||Retired||$0||$1,500,000||School Superintendent|
Danielle is a retired superintendent. She divorced 15 years ago and has not remarried.
Danielle values flexibility with her investments. She takes her whole family on vacation each year, a tradition that she started with her two children and now has expanded to include their families.
Danielle has two children and five grandchildren. Her youngest grandchild, Fiona, has cerebral palsy and requires specialized medical attention.
Danielle has a family history of heart disease and cognitive disorders, so she wants to plan ahead for these conditions.
Danielle prioritizes her retirement objectives as follows:
Maximize legacy for children / grandchildren; provide financial support for grandaughter.
Continue to earn income if / when unable to make investment decisions.
Plan in advance so as not to be a “burden” for her children.
Retirement risks that are of greatest concern to Danielle
Danielle's income plan
Danielle has specific financial needs in order to be able to achieve her overall retirement goals. The following is an estimated amount of annual income * Danielle believes she will need to achieve retirement goals.
Legacy is important for Danielle. A significant portion of her investment allocation will be managed with the intent that Danielle will never have to use it for her own needs – rather this “sleeve” will be for her granddaughter’s medical needs.
*Income needs in terms of after-tax income.
Danielle's investment strategy
Danielle has been investing since her first year as a teacher. Danielle had a misconception that she had to annuitize all of her assets, but her advisor explained that this is not the case.
Danielle’s assets are largely in her 403(b) and brokerage account. She decides that a managed account is the best way to ensure that she’s in the market, but not having to make all the investment choices herself.
Hypothetical income approximations to maintain $72,000, then $82,000 of annual income
Displayed in real dollars to show income maintains the customer's buying power throughout retirement (20-25 years). The composition of income received in retirement is purely hypothetical, for illustrative purpose only.
How TIAA can help
We can recommend annuity options that can help you pursue your retirement lifestyle.
We can help you align your asset allocation with your long-term income needs.
Retirement income planning
We can help you create a retirement income strategy that factors in your concerns, as well as your goals.
Get in Touch
Talk with a TIAA Consultant to help you review your overall retirement strategy and to help you consider the next steps.
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