Danielle
Danielle is a financially stable retiree and a moderate-agressive risk taker.
| age | life stage | salary | total assets | occupation |
|---|---|---|---|---|
| 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.
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.
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.
Housing, food, healthcare, emergency fund.
See how it is coveredOpens dialog
Travel, lifestyle support.
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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 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.
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.
