Celia and Kevin are both self-employed professionals in their late fifties. Their retirement nest egg received a
considerable boost when Celia inherited three IRAs from her mother. They not only wanted to restructure their portfolio to reflect their risk profiles and investment
objectives, but also to examine whether they could retire earlier. They were also considering purchasing long term care insurance. However, their son had plans to
enter a graduate program and they wanted to assist him financially with either loans or outright gifts. Because of their busy schedules, they preferred to delegate
the responsibility for researching and weighing their options even though they were both capable of doing so.
Their confusion was eased about balancing one goal against the other after their PFPG advisor helped them coordinate the investments in their employer
benefit plans with the new inherited accounts. He walked them through various hypothetical scenarios about assisting their son, making changes to their spending and
saving, and the possible effects on their plan to retire early. Celia and Kevin concluded that they could afford to help their son materially and obtain LTC insurance
if they adjusted their retirement contributions upwards now and postponed their planned retirement date by a year.
