Guidance on Managing Retirement Income and Savings for Couples in Their 60s

Saturday, 9 March 2024, 12:08

This post discusses a couple in their 60s with a substantial monthly income and a significant equity-based savings, contemplating financial advising services. With a monthly income of $9600 and $1.55 million in equities, the couple seeks advice on managing their finances efficiently. The article considers the implications of hiring a financial advisor at a rate of $265 an hour to optimize their financial strategy.

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Retirement Planning for 60s

A couple in their 60s is contemplating financial advising services to manage their substantial monthly income and equity-based savings.

Financial Considerations

Income: Generating $9600 monthly income
Savings: $1.55 million all in equities
Advisory Services: Advisor proposes $265 hourly fee

What's the best step for the couple?

This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.

Retirement Planning for 60s

Financial Considerations

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