” Jayne: Maximizing Net Cash Flow

What are your biggest financial challenges today?

Creative Planning Strategies

2020-11-19T17:33:04-05:00

What are your biggest financial challenges today?

https://cpsnyc.com/testimonials/thought-4-biggest-financial-challenges/

Creative Planning Strategies

Jayne: Maximizing Net Cash Flow

At 65, Jayne had recently retired from a successful career as a corporate executive. She was widowed with one married daughter and two grandchildren. She was also apparently financially secure, with a net worth of $15 million. But Jayne wanted greater certainty that she would be able to enjoy a sufficient income in retirement and at the same time provide a significant legacy for her daughter and grandchildren after her death. Her CPA suggested she talk to CPS.

Financial Overview

Jayne’s assets were allocated among muni bonds ($4M), stocks ($3M), investment real estate ($4M), her home ($3M) and cash ($1M). In addition, she was receiving $500,000 per year in a ten-year deferred compensation plan, as well as $180,000 for life through an annual defined benefit plan. Some of Jayne’s biggest worries centered on those two income sources. The deferred compensation plan would run out after 10 years and the defined benefit plan would end at her death. Jayne’s dilemma was to either leave a smaller legacy to her daughter and grandchildren or to spend less of her own money. Furthermore, she did not want to saddle her daughter or grandchildren with significant estate taxes and related costs.

The 3D Wealth™ Difference

By implementing a comprehensive 3D Wealth™ strategy, Jayne avoided having to make a difficult choice between her two objectives. With little or no additional out-of-pocket outlay – or any negative financial impact to Jayne – we generated tremendous results:

Enhanced net retirement cash flow for Jayne’s daughter
Greater legacy for Jayne’s grandchildren
More estate tax efficiencies for all three generations
Additional financial freedom for Jayne

“Over the years, I have done extensive work … with some of the most prestigious advisors in New York. My accountant, my trusts and estates attorney and my family office - have all worked together on my behalf for many years. I didn't think Scott could offer me anything of real value. That being said, I am extremely grateful for his persistence, which led me to evaluate his unique planning approach.”

Ken M. Mandelbaum
Retired CEO
Mandee and Annie Sez

Creative Planning Strategies

2020-10-26T19:57:50-04:00

Ken M. Mandelbaum
Retired CEO
Mandee and Annie Sez

https://cpsnyc.com/testimonials/ken-m-mandelbaum/

Creative Planning Strategies

Registered representative of, and securities offered through Hornor, Townsend & Kent, LLC (HTK), Member FINRA/SIPC, 600 Dresher Road, Horsham, PA 19044. 800-873-7637, www.htk.com. HTK is a wholly-owned subsidiary of The Penn Mutual Life Insurance Company. Creative Planning Strategies is unaffiliated with HTK. HTK does not offer tax or legal advice. Always consult a qualified adviser regarding your individual circumstances. Our representatives are licensed to offer insurance and security products in our resident state of NY, in addition to many other states. For additional licensing information please contact our office. This is not an offer or solicitation of products and/or services in states where not properly licensed and/or registered.
All investing involves risk including the possible loss of principal. No strategy assures success or prevents loss. The cost and availability of life insurance depend on factors such as age, health, and the type and amount of insurance purchased. Before implementing a strategy involving life insurance, it would be prudent to make sure you are insurable. As with most financial decisions, there are expenses associated with the purchase of life insurance. Some policies commonly have mortality and expense charges; if a policy is surrendered prematurely, there may be surrender charges and income tax implications. Any guarantees are contingent on the financial strength and claims-paying ability of the issuing insurance company.
California Insurance ID #0778536. Approved: 5886684RG_Dec25

Material discussed is meant for general illustration and/or informational purposes only and it is not to be construed as tax, legal or investment advice. Although the information has been gathered from sources believed reliable, please note that individual situations can vary. Therefore, you should consult your professional tax and legal advisors.
The information or opinions contained in this website should not be construed by any consumer and/or prospective client as an offer to sell or the solicitation of an offer to buy any particular investment and/or financial product. The information contained herein is directed solely to those individuals who reside in jurisdictions in which the representative is registered and/or licensed and in the state where the consumer and/or prospective client reside. Any subsequent direct communication with a consumer and/or prospective client shall only be conducted by a representative that is registered and/or licensed in the state where the consumer and/or prospective client reside.
*All scenarios and names mentioned herein are purely fictional and have been created solely for illustrative/educational purposes. Any resemblance to existing situations, persons or fictional characters is coincidental. The information presented should not be used as the basis for any specific investment advice. This material is intended for general public use. By providing this material, CPS is not undertaking to provide investment advice for any specific individual or situation, or to otherwise act in a fiduciary capacity. Please contact a financial professional for guidance and information specific to your individual situation.