No. of Recommendations: 0
Commissions aside, I think the financial planner is a crook or incompetent or both. I would love to see the numbers on this one.

If your colleague is already 73, then he is already taking minimum distrbutions mandated by the tax laws? Is he taking minimum distributions or more than minimum? A good qualified planner, CPA or Estate Attorney should run the numbers.

I bet the planner is thinking of his own back pocket and not your friend's.

Best wishes!

Alan McKnight, CFP
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