This month’s makeover
Carole Lutness, 68, and Dave Lutness, 64
Income: $118,000
Goals: Determine whether they can retire, reallocate investments.
Assets: $560,000 in mutual funds, stocks, savings and checking accounts. Nearly $500,000 in home equity.
Liabilities: None.
Recommendations: Retire as soon as possible and transition into a more relaxing lifestyle. Reallocate investments into a more diversified and age-appropriate mixture, putting 60% into bonds and money market accounts and 40% into stocks. Consider downsizing and selling their home, saving proceeds for healthcare and long-term care needs.
About the planner: Alfred McIntosh is a certified financial planner with McIntosh Capital Advisors in Los Angeles.
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