Living in Retirement - Anna
- Age 72, widow
- Lived in same house for 30 years
- Hears about an estate problem
- Realizes she might have the same problem
Anna's son, Scott had just talked with their lawyer, and was shocked by how much his wife, Ellen, owed in taxes on her parents' estate. "Remember that summer house on the beach?" said Scott. "We may have to sell it." "No!" said Anna. "That house is a jewel – and it's been in Ellen's family forever." Scott explained that the house was now worth $1,000,000. "So to pay the inheritance taxes, you may have to sell the house," said Anna. "Exactly," said Scott. As they talked, Anna realized she was in exactly the same position: all of her assets were in her name, and she had no protection against estate taxes – or her own disability. She needed a financial planner as much as Scott and Ellen did!
Click on the "PLAY" button to listen to the story.
Click on the "PLAY" button to listen to the story.
Find more information about
IT IS IMPORTANT that our customers understand that products and services made available through Osaic Institutions, Inc.
Important information about procedures for opening a new account
To help the government fight the funding of Terrorism and money laundering activities, Federal law requires all financial institutions to obtain, verify and record information that identifies each person who opens an account.
What this means to you: When you open an account, we will ask you for your name, address, date of birth and other information that will allow us to identify you. We may also ask to see your driver's license or other identifying documents.
Investment products are offered through Osaic Institutions, Inc., Member FINRA/SIPC. Insurance products offered through Osaic Institutions, Inc.
- ARE NOT A DEPOSIT
- ARE NOT FDIC-INSURED
- ARE NOT INSURED BY ANY FEDERAL GOVERNMENT AGENCY
- ARE NOT GUARANTEED BY THE BANK
- MAY GO DOWN IN VALUE
Important information about procedures for opening a new account
To help the government fight the funding of Terrorism and money laundering activities, Federal law requires all financial institutions to obtain, verify and record information that identifies each person who opens an account.
What this means to you: When you open an account, we will ask you for your name, address, date of birth and other information that will allow us to identify you. We may also ask to see your driver's license or other identifying documents.
Investment products are offered through Osaic Institutions, Inc., Member FINRA/SIPC. Insurance products offered through Osaic Institutions, Inc.