Moving forward every Bucks acquisition has to fit one of 3 archetypes:
Future Bets (worth giving up value for) — guys who could be rotation+ for a hypothetically good Bucks team in 3 years (Burries, Rollins, Ament, Ware, Jakucionis, Dieng)
Stabilizers (value plays in and out) — trade bait guys who help now, potentially fine to keep longer on value/tradeable contract (Herro, Turner, Kuz, Green, KPJ, Jaquez, Sims)
Rentals (negative deals that come w/assets) - Cap rental moves only (Levert)
A couple 58 and 59 years old
Both executives at large corporations
Decades of climbing the ladder
Here is their situation
Combined income: $280,000
401k balances: $2M
Brokerage account: $540,000
Home: paid off
Pension: none
Healthcare: unplanned until Medicare at 65
Social Security: planning to claim at 62
They were exhausted
Both wanted to walk away from their jobs today
Their question to me was simple
Can we retire right now
Most advisors would run a Monte Carlo simulation and hand them a number
We did something different
First we told them to stop planning to claim Social Security at 62
Waiting until 67 would add over $1,100 a month per person for the rest of their lives
Then we built a healthcare bridge using their brokerage account to cover the gap until Medicare at 65
Then we started Roth conversions immediately to shrink the IRS's share of that $2.1 million before RMDs hit
They had the green light to retire
But the real work was building a plan to maximize every dollar
Most people spend 30 years focused on saving the money
Very few have a plan to maximize it once it is time to use it
49ers are not optimistic Brock Purdy will return from his toe injury for a Week 3 matchup vs. Arizona, but it’s not out of the question and he has improved. “We’ll see for next week,” one source said about Purdy. “Next week will be tight, but he progressed a lot this week.”
.@3SixtyInsights would like to welcome Jim Jensen (@JimJensen3) to our Global Executive Advisory Council... Please join us in welcoming Jim, as his long-standing expertise will be a great addition. Welcome Jim! https://t.co/JgNILATLF9
Be sure to cheer on the @WillowbrookHS1 Girls Volleyball Team as the Lady Warriors compete for the Sectional Championship starting at 6 p.m. tomorrow, Nov. 3, at Bartlett! @WBvball