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Mary began working with us when her husband John was still living. He was retiring from a large corporation and they had questions about his pension options and what to do with his 401k, as well as how to draw income from their investments during retirement. They had saved well and were ready for an active, comfortable retirement.
John and Mary both had a basic understanding of markets, stocks, bonds, and mutual funds (which they owned through his 401k). They also owned an annuity. When John reached age 70 ½ he began drawing his required distribution from his IRA (he had rolled over his 401k to the IRA account).
John had some chronic health problems, but still anticipated he would live many more years. Mary was younger and very healthy. When he was in his mid 70’s, John suddenly became ill and passed away. Mary remains focused on living a full life, and has children whom she wants to benefit from her estate.
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