Page 86 - Mumme Booklet

DRAFT

DOUG AND MARIE MUMME

RECOMMENDATIONS

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Re c o mme n d a t i o n s
THE GOALS, THE GAP, THE GOODS
THE GOAL: Be financially independent by 65 with sufficient resources to create a lifetime spending level
equivalent to $150k/yr and purchase of land & deer lease for approximately $1.2M.
THE GAP: With PPP loan forgiven, there are more than enough resources to meet the goal. Current
projection shows spending could be about $475,000 annually.
THE GOODS: Avoid the temptation of greed to chase returns. Stick to the plan and strategic solutions.
Adjustments and new opportunities/strategies will be made appropriately over time.
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THE GOAL: Have a professional investment strategy for your accounts that's diversified and allocated
appropriately to your comfort level for the ambiguity of the markets and along the efficient frontier plane.
Develop strategies to include tax diversity.

Current PIP= 80 Balanced 60/40

THE GAP: No monitored, managed plan with oversight exists
THE GOODS: Improve the efficiency of your portfolio by taking advantage of our Signature Advisory program
that will match your portfolio to your desired risk level, diversify across multiple asset classes and styles,
utilize a combination of the best in class money managers and low-cost passive funds with ongoing research,
monitoring and oversight to maintain all those benefits.
Move current Edward Jones accounts to advisory platform outside of partnership.

Initially, 3 new accounts will be created within partnership:

1. Joint Cash Management (6 mo to 1yr spending)
2. Joint Investment Advisory

3. Advisory Variable Annuity

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THE GOAL: Have up-to-date wills with appropriate beneficiary arrangements and powers of attorney
THE GAP: Wills are out of date.

THE GOODS: Two options to consider:

1. Kevin Ross: very good for basic wills & necessary documents. Probably most affordable.
Office: 972-341-1322 Email: kross@jonesdavis.com

2. Lora Davis: Very good for both basic and future estate tax planning. Downtown so likely more pricey for
basic prep.

Office: 214-396-8800 Email: lora@davisstephenson.com

*Others are available upon request

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This plan is not complete without the Assumptions and Disclosures pages appearing at the end.
3170326-1-4 January 29, 2021 Page 86 of 108