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I am a Businessman. In addition to CFO, I was a Corporate President for ten years. I specialize in Business Planning and individual financial planning for Seniors, or near-seniors:
During retirement, the order in which investments are drawn down may be as important as how much is drawn down.
Since life expectancies are increasing (and so are medical costs), you should review your financial plan annually.
Approximately six out of ten individuals will require some kind of long term care during their lifetime.
Federal Estate laws will probably change again this year.
Most financial planners sell products (I do not).
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Scheduled Changes in Estate and
GST Tax Exemptions & Rates
(Gift Taxes Not Included!)
Year -- Rate -- Exempt Amount
2004 -- 48% -- 1,500,000
2005 -- 47% -- 1,500,000
2006 -- 46% -- 2,000,000
2007 -- 45% -- 2,000,000
2008 -- 45% -- 2,000,000
2009 -- 45% -- 3,500,000
2010 -- 00% -- Unlimited *
* Sunset rule - If Congress does
not act to extend.
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