( 972 ) 437-4089 www . johncheckijr . com
saved , built a cabin on a local lake ( by hand themselves ), and made a life for themselves , then money fell out of the trust to help fund that next stage in life . The lady passed away the first day of this year and her husband is doing his best to live one step at a time as he grieves and tries to be there for the rest of his family and friends . By the way , having family , friends , church , and people who care about us is a real bonus when we jump from work to whoops . You have to fill that time previously spent at work and commuting with some new adventures .
Case Two : Married Once , Children , Work , Save / Invest
Before the books came out years ago on who the millionaires are and how they really live , simple common sense told us the story . Prepare for the future . Get an education , profession , or skill , settle down , raise a family , buy one home and stay there , save 10 %, and put it where it has the potential to grow , and golly miss molly , life seemed to work out . ( No guarantees implied .)
Personally , I have seen and counseled couples who did all of the above and did just fine and still are . They tend to buy a car or truck and keep it for a long time , buy one home and keep it , get married once and stay married . Oh , yes , in time there is sickness as well as health . With some planning and action , trips of a lifetime were taken sooner rather than later so when they entered the doctor-to-doctor stage of life they had nice memories of trips taken .
Case Three : Saved / Invested , Just Can ’ t Seem To Spend Money
Some clients were scared to death years ago , so they worked lived modestly , saved , begged for guarantees and floors under their investments , and finally accumulated the magic number to begin retirement . Great , then worked several more years , saved more . Finally retired and hardly spend their Social Security income . Yep , they are not spending the money they piled up , and now that they are 70 ½ , they are taking money out of their IRAs like the government said they are supposed to . Still not spending the withdrawals . Yes , I have asked them to travel and spend more , and they are doing their best . No , they do not want to adopt you .
Case Four : Legacy in the Works
Okay you are 95 sneaking up on 96 and the company informs you , both take this money and pay the taxes or we will annuitize it for you and you will lose control of your funds . So , we came up with a plan , and are funding that plan for the next couple of generations , doing our best with legal counsel to protect the next generation from lawsuits , future ex-spouses , and creditors .
Summary
The best advice I have heard is , “ Live modestly and save aggressively .” Faith seems to help , along with having a passionate purpose and mission in life . o
Securities are offered through Securities America Inc ., member FINRA and SIPC , Advisor services offered through Securities America Advisors ., an SEC Registered Investment Advisor . John Checki , Jr . Representative . This is not a CPA Firm .
John and his firm have been helping some of the nicest families in North Dallas , Richardson , Plano , and Frisco for about 30 years . We specialize in Wealth Management for Baby Boomers and have a unique and complete Wealth Management Process . You can read the rest of our story on my website . My proudest accomplishment is my family : Children , Grandchildren , and Wife . We love to travel , scuba dive , take pictures , study , and attend family and church gatherings .
John Checki , CPA , CFP ®, CRC ® Your Personal Chief Financial Officer
J . J . Checki III
2435 N Central Expy , Ste 1508 Richardson , TX 75080
( 972 ) 437-4089 www . johncheckijr . com
John Checki
COLLIN COUNTY Living Well Magazine | MAY / JUNE 2017
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