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Robert & Sally Big

History

Works at AACS since 1980 (32 years)

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

Born in Wellsville, NY on November 1, 1955

Felt comfortable in life growing up: "secure"

Attended Wellsville HS

Cheerleader and Vollyboll team

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

University of South Florida undergraduate with high honors

University of Florida for M.B.A.

Father often sick and was a chronic smoker

Held odd jobs from age 14-18

Born in St. Petersburg FL on January 15, 1952

Felt financially insecure growing up

Attended Dixie Hollins High School

Football & track teams

Goals

5 years from now

Continue hosting family gatherings

Travel more

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

Robert desires to travel to China, Japan, Alaska

Ensure care for Sonny

Education for Grandchildren

Provide for the education for grandchildren

undergraduate at a state university

Two years at Master's level

Care for aging mother

Financial assistance

$24,000 a year up to 10 years

Son's special needs

Plan for the future with him finishing up school in May

Want to care for him as long as possible

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

As traveling more, need a more permanent solution

Ensure Sonny's financial security for the future

Retirement

Prefer to retire sooner, rather than later

Build a vacation home in Western NY

Desire 50 acres

Retire on $150,000/year after-tax

Retirement living expenses will be $145,000

Health Insurance (~$5,000)

Current homeowners & auto insurance

$10,000/year for car fund/purchase

$7,000 traveling expenses every year

Expenses and taxes with primary residence in Alfred

Values

What does money mean to me

Sally: Freedom

Providing the necessities in life

Having the ability to do things, and enjoy life

Robert: Security

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

Advisors

Client contact:

Meetings twice annually

Sally prefers contact via phone - mailed newsletters

Robert prefers communication via email - e-newsletter

Independent insurance agent

Attorney: Bradford E. Lincoln, Belmont NY

Further estate planning should be sought

Prepares estate planning documents

CPA: Brian Taxing, Bath NY

No tax planning entailed

Prepares personal and corporate tax returns

Hobbies/Interests

Sally

Craftsmen's Tour

helps coordinate the event

Historical fiction and romance novels

Robert

Alfred State Fine Dining Experience

Usually twice annually

Sports

Florida Gators

Football and basketball

Alfred State Pioneers: Football team

Basketball & baseball teams occasionally

Trips to local parks

Walking Lady in the neighborhood

Cultural activities offered through the college town

Plays, musical recitals, lectures, etc

Reading

Books and articles involving business and the economy

Movies

May take Sonny or use as "movie night out"

Relationships

Family

Lady - family Golden Retriever, 8 years old

Sonny, 19

Special needs since birth

Suzy Big, 32

Graduated with a B.A. in Journalism

Career oriented

Travels as a news correspondent

Lives in NYC

Bobby Big, 33

Graduated with an M.B.A

Manager at Walgreens in Corning, NY

Married to Clorisa

Children ages 6 & 2

Finances

Others effected by financial decisions:

Sally's mother

Is currently independent but may need help in the future

Eldest son and daughter financially independent

Sonny, youngest son

Special education and assistance needs for the rest of his life

Wife

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