Robert & Sally Big

Most pressing financial issue: Sale of Vail Condo & decision on sale of business

Others effected by financial decisions:

Wife

Sonny, youngest son

Special education and assistance needs for the rest of his life

Eldest son and daughter financially independent

Sally's mother

Is currently independent but may need help in the future

Family

Bobby Big, 33

Married to Clorisa

Children ages 6 & 2

Manager at Walgreens in Corning, NY

Graduated with an M.B.A

Suzy Big, 32

Travels as a news correspondent

Lives in NYC

Graduated with a B.A. in Journalism

Career oriented

Sonny, 19

Special needs since birth

Lady - family Golden Retriever, 8 years old

Robert

Movies

May take Sonny or use as "movie night out"

Reading

Books and articles involving business and the economy

Cultural activities offered through the college town

Plays, musical recitals, lectures, etc

Walking Lady in the neighborhood

Trips to local parks

Sports

Alfred State Pioneers: Football team

Basketball & baseball teams occasionally

Florida Gators

Football and basketball

Alfred State Fine Dining Experience

Usually twice annually

Sally

Cultural activities offered through the college town

Plays, musical recitals, lectures, etc

Reading

Historical fiction and romance novels

Trips to local parks

Movies

May take Sonny or use as "movie night out"

Craftsmen's Tour

helps coordinate the event

Alfred State Fine Dining Experience

Usually twice annually

CPA: Brian Taxing, Bath NY

Prepares personal and corporate tax returns

No tax planning entailed

Attorney: Bradford E. Lincoln, Belmont NY

Prepares estate planning documents

Further estate planning should be sought

Independent insurance agent

Client contact:

Robert prefers communication via email - e-newsletter

Sally prefers contact via phone - mailed newsletters

Meetings twice annually

What does money mean to me

Robert: Security

Not having to worry about whether there will be enough money to buy groceries. Not being in debt

Sally: Freedom

Having the ability to do things, and enjoy life

Providing the necessities in life

Retirement

Retire on $150,000/year after-tax

Retirement living expenses will be $145,000

Expenses and taxes with primary residence in Alfred

$7,000 traveling expenses every year

$10,000/year for car fund/purchase

Current homeowners & auto insurance

Health Insurance (~$5,000)

Build a vacation home in Western NY

Desire 50 acres

Prefer to retire sooner, rather than later

Son's special needs

Ensure Sonny's financial security for the future

Plan for the future with him finishing up school in May

Want to care for him as long as possible

As traveling more, need a more permanent solution

Can't leave him alone and will need an alternative from Sally's mom

Care for aging mother

Financial assistance

$24,000 a year up to 10 years

Education for Grandchildren

Provide for the education for grandchildren

undergraduate at a state university

Two years at Master's level

5 years from now

Ensure care for Sonny

Travel more

Robert desires to travel to China, Japan, Alaska

Sally desires to travel to Paris, London, Rome, Geneva, Vienna, and historic elements of the West Coast of the US.

Continue hosting family gatherings

Robert

Born in St. Petersburg FL on January 15, 1952

Felt financially insecure growing up

Attended Dixie Hollins High School

Football & track teams

Father often sick and was a chronic smoker

Felt financially insecure growing up

Held odd jobs from age 14-18

University of South Florida undergraduate with high honors

University of Florida for M.B.A.

Worked for manufacturing company in Corning, NY out of college

Plant Manager by 1990, VP by 1993

Started own company in 1995: Acme Mfg. Corp

Sally

Born in Wellsville, NY on November 1, 1955

Felt comfortable in life growing up: "secure"

Attended Wellsville HS

Cheerleader and Vollyboll team

Attended Alfred State College and received A.A.S.

Works at AACS since 1980 (32 years)