case study: planning for wealth, retirement and the great beyond

case study:  planning for wealth, retirement and the great beyond Case Study example
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Case Study: Planning For Wealth, Retirement and the Great Beyond Name: Course: Tutor: University: City and State: Date: Case Study: Planning For Wealth, Retirement and the Great Beyond Introduction Financial planning and investment management is a compulsory activity that is recommended to all individuals…

Introduction

It also includes rebalancing of the portfolio. The paper will also include the budgeting needed for retirement. This will cover the expenses and income after retirement and the plans after retirement. The last part of the paper will involve setting up a will for the owners of the real estate. The case presented represents the family of a mature family. The priorities and needs of such a family have changed. This is evidenced by maturity of the children where two of them are in their twenties and have already been employed and the last one is in adolescent, due to Finish University in three years. The issue of guardian ship is not there. This stage is also marked by peak earnings years and accumulation of many considerable assets (Gray& budd 2002). This part requires assessing of the financial status, the personal and life goals and needs and also assessing the priorities of life now. This stage also involves reassessment of the professional advisors. This should be done regularly. This is recommended because of the great accumulation of wealth, mostly the real estate that sometimes become complex to handle (Roseman 2002).The professional advisors may range from investment advisor, lawyers, professional accountant trustee of the company or a financial planner. The plan also consists of evaluating the performance of the investments that one owns. ...
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