Financial Planning Presentation
Transcript: Retirement CLIMB TO Financial Position Assets Both of you have no addition pension aside from the government benefits. Jay's Investments: $250,000 in a balanced mutual fund Gloria's Mississauga condo: $250,000+$1000 mth rental income, $450 mth condo fee Primary Residance: $2,200,000 Financial Plan Achieve your goals Opportunity What you enjoy doing? You both enjoy travelling - mainly to Columbia, once a year. If you don't go annualy, Gloria's whole family will come visit-you don't want that Jay. I would recommend a new will for your current situation Employment Info Jay Concerned about Claire taking over business Jay is a successful business man and owns his own Toronto-based company -Pritchett’s Closets Inc. - a Closet Design and Sales Company. Avg. Salary $250,000 Claire (43) Jay's daughter from previous marriage will eventually take over the business. Gloria doesn't work, used to be a hair desser. PERSONAL INFO Marriage 2 kids currently live with you: 16 yr old Manny (Gloria's child from first marriage) 18 mth old Joe (Your first child together) Claire, 43 and Mitchell 41 (Jay's kids from last marriage) Jay (65) and Gloria (39) have been married for 3 years; second marriage for both. No set planned retirement date Financial Position Insurance and Risk Profile Jay: $500,000 Manny: $25,000 Both Jay and Gloria are smart and in general are risk tolerant. Gloria is probably more risk tolerant than Jay.