Navigating Widowhood with Confidence and Clarity
Eleanor is overwhelmed by the prospect of managing such a large sum of money on her own. She needs help navigating required minimum distributions (RMDs) from her IRA, generating sufficient income to maintain her lifestyle, and ensuring her assets are protected and appropriately structured for potential future healthcare costs and eventual transfer to her beneficiaries. A key concern is understanding and evaluating the fees charged by financial advisors to ensure they are fair and transparent, given the size and complexity of her estate.
Using the Consulting Fees Calculator, Eleanor can estimate reasonable advisory fees based on her total assets under management ($2.25 million). The calculator helps her compare different fee structures (e.g., percentage-based, hourly, or fixed) and understand the potential cost implications. For example, a 1% AUM fee on $2.25 million would be $22,500 annually. By understanding this, she can negotiate more effectively with potential advisors and choose a fee structure that aligns with her needs and budget. We will also use the Tax Equivalent Yield calculator to compare taxable and tax-advantaged investment options.
The Consulting Fees Calculator allows for variable inputs of asset size and fee structures. The Tax Equivalent Yield calculator allows for easy comparison of investments across taxable and tax-advantaged accounts.
$5,000 - $10,000 potential savings in annual advisory fees through informed negotiation and optimized fee structure.
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Advisor adds $1.2M AUM using AI, increasing qualified leads by 25% and freeing 10+ hours weekly.
