John and Susan had just moved to Denver when they began working with Sharkey, Howes & Javer. They had already retired and were living off of their Social Security, pensions, and annual distributions from their respective annuities.
They had a sudden cash need and wanted to surrender the annuity policies to cover the lump sum cash need. After discussing their situation with SH&J we learned that the annuities could not be surrendered without a penalty and they would lose an underlying survivor benefit which was important to them to maintain for their children.
After reviewing a life insurance analysis, we determined that there was a life insurance policy with a significant cash value that could be surrendered without jeopardizing their long term goals and would cover their upcoming cash need without sacrificing the survivor benefit on the annuities for their children.
Barbara, a retired nurse, came to Sharkey, Howes & Javer with a rather complicated structure of income streams that created uncertainty and confusion in her world. She was the recipient of various family trusts, family real estate properties, and trusts from late husband’s estate, while at the same time trying to manage rental properties and a family ranch. Understandably, she struggled to grasp the details of her financial picture and hired SH&J as her financial planners to get a better understanding of her finances.
With the realization that she had very little control over her income sources, Barbara asked SH&J to help her develop an investment portfolio that she could access on her own, without asking permission from any trustees. This portfolio continues to provide retirement income for Barbara today.
These writings are provided for illustrative purposes only. An individual’s experience may vary based on his or her individual circumstances. There can be no assurance that SH&J will be able to achieve similar results in comparable situations. No portion of these writings is to be interpreted as a testimonial or endorsement of SH&J’s investment advisory services and it is not known whether the clients referenced approve of SH&J or its services.