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Norfork-ComprehensiveQuestionnaire.pdf

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Name: Myron and Debbi Norfork

Date:

FIN-215-1M PERSONAL FINANCE

COMPREHENSIVE

FINANCIAL

QUESTIONNAIRE

As you know, establishing and maintaining a proper financial plan is always prudent.

By gathering the following detailed information regarding your assets and liabilities,

you will be able to create a “road map” as you plan your future. The resulting

review will assist you in analyzing the financial path you are currently on and

hopefully, confirm that you are “on the right track” or, if not, identify ways that you

can potentially improve your financial future.

P.S. The following information is vital in constructing a proper financial plan. It will be most helpful for you to gather this data before you prepare your plan.

• Recent statements on all currently held investments (i.e. mutual funds, brokerage

accounts, bank accounts, certificates of deposit, IRAs, insurance policies, annuities,

etc.).

• Recent statements from your current and any past employers showing retirement account balances and/or pension projections.

• Recent statements and/or booklets for all employee benefits from current employer(s).

• Most recent pay stub(s).

• All life insurance, disability and long-term care policies you own, plus any current

statements.

• Most recent Social Security statements.

• Other matters that may affect the planning process, such as an anticipated inheritance,

pre/post nuptial agreements, health concerns, etc.

• If you have your financial affairs organized on a personal computer, please print

all pertinent data and provide that to us. It is not necessary that you conform to

our format.

PERSONAL DATA Today’s Date: / /

Person A Myron B. Norfork _ Nickname: First, Middle, Last

Date of Birth: 07 / 20 / 1975 Place of Birth: Park Falls, WI

Address: St. Louis, MO

How is your health? Excellent/ Good / Fair / Poor

(Please elaborate in comment section below)

Person B Debbi M. Norfork Nickname:

First, Middle, Last

Date of Birth: 07 / 29 / 1976 Place of Birth: Bourbon, MO

How is your health? Excellent / Good / Fair / Poor

(Please elaborate in comment section below)

Please list names and dates of birth of your children and grandchildren on the next page.

Is there anyone else financially dependent on you or any dependents with special needs?

If yes, please list below and indicate the amount per year you provide. N/A

Additional Comments: Myron has high blood pressure and had bypass surgery a year ago.

Your Child:

FAMILY INFORMATION

Name: Charles Norfork

Spouse Name:

Your Grandchildren:

Name:

Your Child:

Name: Kim Norfork

Spouse Name:

Your Grandchildren:

Name:

Your Child:

Name:

Spouse Name:

Your Grandchildren:

Name:

D.O.B. 08/16/2006 Married / Single

D.O.B.

D.O.B. 10/02/2010 Married / Single

D.O.B.

D.O.B. Married / Single

D.O.B.

EDUCATION

If applicable, is there any college education yet to be funded? Yes / No

On a scale of 1-10 (10 being highest) how important is it for you to save for your

children/grandchildren’s education? 7

Do you wish to provide for private elementary or high school education? No

How many years of college would you plan for? (5 years is average) 4

What type of school is desired: State(In-State) / State(Out-of-State) / Private / Ivy League

Would you want to also fund graduate school? Yes / No If yes, how many years or percentage

of costs do you wish to cover?

PERSONAL ADVISORS

Attorney_No

Accountant Yes

Stockbroker Yes

Insurance No

Banker No

Years associated with

Years associated with 4

Years associated with 5

Years associated with

Does anyone else play an advisory role for you when you are making a financial decision?

LIABILITY Do you have an umbrella policy? Yes / No If so, how much? $

WILLS AND TRUSTS

Does Client A have a will? Yes / No Does Client B have a will? Yes / No

Date/Place executed

Date Updated:

Date of Last Review:

Date/Place executed

Date Updated:

Date of Last Review:

Does Client A have a living trust? Yes / No Does Client B have a living trust? Yes / No

Are you satisfied with your current estate planning documents? Yes / No

Does your estate plan include any charitable bequests? Yes / No

Do you anticipate receiving an inheritance in the near future? Yes / No

If yes, approximate amount: $ 300,000 From whom? Debbi’s father upon his passing

DISCUSSION NOTES

Are there any investments you feel committed to? No

Are there accounts that you are concerned with? We have a $83,625 CD coming due next month. We are

receiving a 2.25% interest rate.

In the next year I / we would like to: Start saving for our children’s college. We would like to fund 50%.

In the next three to five years, I / we would like to: Contribute more to Myron’s 401k plan (employer) and

ROTH IRA (personal).

In the long-term I / we would like to: Have Debbi retire from teaching at 52 with her full pension benefits.

By some property in southwest Missouri for weekend getaways.

The single most important financial issue for me at this time is: Maintain our current standard of living

throughout retirement.

EMPLOYMENT Person A Person B

Company Name: Boeing Company Name: Parkway School District

Job Title/Duties : Engineer Job Title/Duties : 1st Grade Teacher

Years with Company: 12 Years with Company: 22

What are your career plans? Keep current job What are your career plans? Retire with full pension and retire at age 67. benefits at age 52.

FOR ALL EMPLOYER BENEFITS LISTED BELOW, PLEASE DESCRIBE OR PROVIDE BENEFIT

BOOKLET, ALONG WITH COPIES OF ALL STATEMENTS.

Are you eligible for a bonus, profit sharing and/or Are you eligible for a bonus, profit sharing and/or

Stock option plan: Yes / No Stock option plan: Yes / No

Do you have a 401(k), TSA, or other salary savings Do you have a 401(k), TSA, or other salary savings

Plan? Yes / No Plan? Yes / No (Pension)

Percent of salary you are contributing: 2 % Percent of salary you are contributing: %

Company Match, if available: up to 4% % Company Match, if available: %

What (if any) contribution is after-tax? None _% What (if any) contribution is after-tax? %

What % of company contributions is vested? 100 % What % of company contributions is vested? %

What amount, if any, is available to you now What amount, if any, is available to you now

as an in-service withdrawal which can be rolled to anas an in-service withdrawal which can be rolled to an IRA in your ownership and control? Your employer IRA in your ownership and control? Your employer can provide this value. $ None can provide this value. $

Disability Income Yes / No Disability Income Yes / No

Percentage of Salary 80% through work %

Percentage of Salary 75% through work % Waiting

Period 60 Days Waiting Period 30 Days

Benefit Period 2 Years Benefit Period 2 Years

Premium is: PRE-TAX / AFTER-TAX Premium is: PRE-TAX / AFTER-TAX

Health Insurance Yes / No Health Insurance Yes / No

Group Life Insurance Yes / No Group Life Insurance Yes / No

Face Amount: $ 115,000 paying $10 per month

Spousal Group Life: $ None

Face Amount: $ 120,000 free amount

Spousal Group Life: $ None

Additional Comments:

Children do not have life insurance coverage.

RETIREMENT

Describe your ideal retirement lifestyle (i.e., how would you like to spend your leisure time)

Is Person A retired? Yes / No If so, what year did you retire?

Is Person B retired? Yes / No If so, what year did you retire?

If you are not retired, how much SPENDABLE (AFTER TAX) MONTHLY INCOME will you

need to support the lifestyle you desire (80% of today’s income is average)? $ 9000

I prefer to obtain an after tax figure from you. However, if you feel confident of a pre-tax figure,

please provide it here. $ (Pre-Tax)

What was the tax amount you paid last year? 25%

SOCIAL SECURITY

Is Person A receiving Social Security? Yes / No

If so, what is the pre-tax monthly amount? After tax amount?

Is Person B receiving Social Security? Yes / No If so, what is the pre-tax monthly amount? After tax amount?

If you are not receiving Social Security what is the age and projected pre-tax amount?

Person A: Age 67 Pre-taxed amount/monthly $ 3,200

Person B: Age 62 Pre-taxed amount/monthly $ 300 (Government Pension Offset)

PENSION FOR ALL PENSION BENEFITS LISTED BELOW, PLEASE DESCRIBE OR PROVIDE BENEFIT

BOOKLET, ALONG WITH COPIES OF LATEST STATEMENTS AND/OR PROJECTIONS.

Person A: Will you qualify for a monthly or lump sum pension amount? Yes / No

If yes, Age: Projected monthly benefit $ and/or Lump Sum $

Does your pension provide a cost of living adjustment during retirement? Yes / No

What is the payout option? Lump Sum / Single Life / Joint & Survivor / Other

Person B: Will you qualify for a monthly or lump sum pension amount? Yes / No

If yes, Age: 52 Projected monthly benefit $ 4,500 and/or Lump Sum $ 400,000

Does your pension provide a cost of living adjustment during retirement? Yes / No

What is the payout option? Lump Sum / Single Life / Joint & Survivor / Other

Does either Client have a vested pension with a prior company? Yes / No

If yes, please briefly describe and provide any statements you may have. _

If yes, is the balance available to be distributed as a lump sum? Yes / No

PERSONAL DISABILITY INSURANCE

Only include insurance NOT provided by your employer.

Person Insured

Issuing Company

Benefits Start After

Benefits Monthly Annual Pay Until Benefit Cost

N/A $ $ _ N/A $ $

DISABILITY INCOME NEEDS

In the event of a long-term disability, what is the minimum after-tax cash flow your family would

need to continue your current lifestyle? $ 8,000 per month

Where would this money come from if you were disabled today? Employer and government

benefits.

LONG TERM CARE INSURANCE

1. Do you currently have Long Term Care Coverage? Person A / Person B / Both / Neither

Company: Issue Date:

2. If so, please list the provisions of your plan:

a) Facility Benefit per day

b) Waiting Period Days

c) Benefit Period Years or Lifetime

d) Automatic Increases (Inflation protection) %

Circle one: simple, compound

e) Current Premium $

f) In-Home Care Included Yes / No (If yes, % or $ of facility benefit)

SUPPLEMENTAL INSURANCE

If you are receiving Social Security, do you have a Medicare supplement plan?

Person A: Yes / No Person B: Yes / No

EMERGENCY RESERVES

What level of liquid reserves do you feel you need for emergencies? 1 year of fixed expenses.

How much of this should be in the bank? 1 year of fixed expenses.

Additional Comments: Too young to qualify for Medicare.

FINANCIAL REQUIREMENTS AT DEATH

In the event of a premature death, what would the TOTAL SPENDABLE (AFTER TAX)

MONTHLY cash flow need be for your family to maintain the same standard of living? Statistically

in the U.S., upon death, the family needs 75% of the deceased’s lost income.

Person A’s DEATH

TOTAL Spendable Monthly cash flow need: $ 8,000 After Tax (while children are still at home)

TOTAL Monthly Spendable Monthly cash flow need: $ 6,800 After Tax (children no longer living at home)

If applicable, would you want to provide for college funding for your children or grandchildren? Yes / No Do

you want to assure that the surviving spouse could immediately pay off all non-mortgage debt? Yes / No Do you

want to assure the surviving spouse could immediately pay off the mortgage? Yes / No

Are there any charitable intentions you would like to make certain are covered at your death? Yes / No Amount: $

Would the surviving spouse continue to work? Yes / No

How many years? 11 yrs Income Level: $ 72,000

Would the surviving spouse continue to save to his/her qualified retirement plans? Yes / No

P erson B’s DEATH

TOTAL Spendable Monthly cash flow need: $ 8,000 After Tax (while children are still at home)

TOTAL Monthly Spendable Monthly cash flow need: $ 6,800 After Tax (children no longer living at home)

If applicable, would you want to provide for college funding for your children or grandchildren? Yes / No

Do you want to assure that the surviving spouse could immediately pay off all non-mortgage debt? Yes / No

Do you want to assure the surviving spouse could immediately pay off the mortgage? Yes / No

Are there any charitable intentions you would like to make certain are covered at your death? Yes / No

Amount: $

Would the surviving spouse continue to work? Yes / No

How many years? 26 Income Level: $ 135,000

Would the surviving spouse continue to save to his/her qualified retirement plans? Yes / No

LIFE INSURANCE (Please list all life insurance, including group coverage)

Loan Amount

Insured Face Amount Policy Type Company Premium Cash Value (if any)

Myron $ 115,000 Group Term Employer $ 10 $ 0 $ 0

Debbi $ 120,000 Group Term Employer $ 0 $ 0 $ 0

$ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $

*PA = Person A PB = Person B J = Joint PAT = Person A trust PBT = Person B trust JT = Joint trust

** T = Traditional IRA R = Roth IRA N = Non-qualified Annuity

I = Inherited IRA

ASSETS

If you have your financial affairs organized on a personal computer, please print all pertinent data and provide that to us. It is not necessary that you conform to our format.

(BE SURE TO PROVIDE STATEMENTS FOR ALL ACCOUNTS)

Checking & Savings Accounts Owner* Financial Institution

Type of Acct Int. Rate

Monthly Investment Avg. Balance

J US Bank (Checking) 0.1% $ 0 $ 10,000

$ $ $ $

Bonds (EE, Municipal, Corporate) Owner* Deposited At

Int. Rate Maturity Date Current

Value $

Certificates of Deposit

Owner* Institution Int. Rate Maturity Date Investment Value J Commerce Bank 2.25% 02/20/19 $ 80,000 $ 83,625

$ $ $ $

$ $

Corporate Stocks Owner* Corporation

Number Shares

Current price of share

Current Value

Do you reinvest the dividends?

PA (In Roth IRA) BA 137 $ 316.38 $ 43,344 Yes PA (Old 401k) BA 313 $ 316.38 $ 99,026 Yes (Don’t count twice on Net-Worth $ $

Calculations) $ $

Mutual Funds Owner* Fund Name

Monthly

Investment

Current

Value $ $ $ $ $ $ $ $ $ $

Education Funds (Coverdell, UGTMA’s or 529 plans) Monthly Current

Owner* For Benefit of Fund Name Investment Value

$ $

*PA = Person A PB = Person B J = Joint PAT = Person A trust PBT = Person B trust JT = Joint trust

** T = Traditional IRA R = Roth IRA N = Non-qualified Annuity

I = Inherited IRA

$ $

*PA = Person A

PB = Person B J = Joint PAT = Person A trust PBT = Person B trust JT = Joint trust

** T = Traditional IRA R = Roth IRA N = Non-qualified Annuity

I = Inherited IRA

IRAs/Annuities

ASSETS (continued) (BE SURE TO PROVIDE STATEMENTS FOR ALL ACCOUNTS)

Owner* Type** Company Int. Rate

(if fixed)

Current

Value

Monthly

Investment

Monthly

Withdrawals

PA ROTH IRA

(All in BA stock)

43,344 $ 0 $ 0 $ $

$ $

401(k) / 403(b) Owner* Company Current Monthly

Value Investments PA Employer (Mutual Funds) 400,000 $ 250 PA Former Employer (BA Stock) 99,026 $ 0

Miscellaneous Savings and Investments Owner* Value

Real Property held for Income $ Undeveloped Land $ Limited Partnerships $ Collectibles (art, antiques, jewelry, etc.) PA $ 9,000 Precious metals (gold, silver, coins) $ Commodities, Options $ Other - $

Personal Assets Residence (MARKET value) J $ 320,000

Vehicles J $ 40,000 Furnishings (10-20% of the value of your home) J $ 40,000 Recreational property $

LIABILITIES

Type Interest Rate Payoff Date Owner* Amount Owed Home Mortgage 5.65% 2033 J $ 98,000

Home Equity Loan $

Car Loan 2.50% 2022 J $ 20,000 Credit Card Debt 22.00% J $ 25,000 Line of Credit $ Student Loan $ Other - $

*PA = Person A

PB = Person B J = Joint PAT = Person A trust PBT = Person B trust JT = Joint trust

** T = Traditional IRA R = Roth IRA N = Non-qualified Annuity

I = Inherited IRA

Additional Comments: The home mortgage is a 30yr fixed rate. We pay $300 extra per month. One car is paid off, and other

we bought 2 years ago.

PERSONAL CASH FLOW If you have your financial affairs organized on a personal computer, please print all

pertinent data and provide that to us. It is not necessary that you conform to our format.

Monthly Income (Gross) Monthly Living Expenses

Person A Salary $ 11,250 Mortgage or Rent $ 1,310

Person A Bonus $ 417 Property Taxes/Insurance $ 1000

Person B Salary $ 6,000 Utilities $ 1,000

Person B Bonus $ House Maint. & Furnishings $ 600

Interest & Dividends $ 87 Child Care $ 80

Child Support / Alimony $ Car Payment(s) $ 685

Other (i.e. Pension, etc.) $ Car Insurance $ 100

Social Security Client A $ Gas/Maintenance/Cell Phone $ 400

Social Security Client B $ Food/Beverages $ 800

Total Monthly Income $ Clothing $ 300

Person A Withholdings

Personal Care/Cash $ 400

Federal Income Tax $ 2,917 Health & Disability Ins.* $ 10

State & Local Income Tax $ 584 Medica*l/(DNoetnwtiathlh/eDldrfurogmspaychecks) $ 250

Self Employment $ Education/Self-Improvement $ 70

F.I.C.A. (Social Security) $ Installment Payments $ 290

Medicare $ Entertainment $ 500

Health/Disability Insurance $ 850 Vacations/Holidays $ 425

401(k) or other employer

retirement plans $ 225 Charitable Contributions

Gifts

$ 100

$ 600 Person B Withholdings

Federal Income Tax $ 1,275 Pets $ 300

State & Local Income Tax $ 257 Miscellaneous $ 1000

Self Employment F.I.C.A. (Social Security)

$ $

Total Living Expenses

$ 10,220

Medicare $

Health/Disability Insurance $ 450

401(k) or other employer $ 985

retirement plans (Pension)

(The above “Monthly Living Expenses” list

is for your benefit. However, please be sure

to enter a value for “Total Living Expenses”)

INVESTMENTS & SAVINGS

In addition to your employer plans(s), how much are you currently saving on a monthly basis? $ 500

Is there an additional amount that you desire to save? Yes / No If so, how much? $ 1,500

(NOTE: This excess cash flow could be a result of salary increases, bonuses, account liquidations, loans paid off, etc.)

What is your short-term and long term savings strategy? Find ways to spend less.

INCOME CHANGES

TAXES

When filing your most recent federal income tax return, what was the result? Owe / Refund

Approximately how much? $ 2,000

Is that a “typical” result for the last two or three returns? Yes / No

If not, please explain Myron’s medical bills helped offset some of our taxable income.

Additional Comments:

Increases Expected Date Expected Amount

Person A’s Employment Yearly 2.5%

Person B’s Employment Yearly

1.5%

Bonuses

Other

Additional Income

Inheritance

2030

$ 300,000

Pension / Social Security

Other $

HELPFUL CHECKLIST

In most cases, if you are married, assets such as your home and cars will be titled in joint ownership. But

this is not always the case. In addition, certain assets that you may think are titled as joint, such as a

checking/savings account, are actually listed under just one name. Please verify each asset and list them

accordingly in the “ASSETS” section beginning on page 9 and 10.

Please note that retirement assets such as IRAs, employer savings plans and other employer retirement

plans, by law, are titled in only the name of the employee, with your spouse or another individual as the

beneficiary.

ASSETS: Did you remember to report all of the following?

$ Residence (current market value)

$ Furnishings (normally 10-20% of the value of your home)

$ Auto(s)

$ Boat

$ Rental property

$ Checking accounts(s)

$ Savings account(s)

$ CD(s)

$ Mutual funds(s)

$ Stocks(s)

$ Bond(s)

$ U.S. Savings Bonds

$ IRA(s) (traditional)

$ IRA(s) (Roth)

$ Prior retirement plan(s)

$ Stock Option statement

$ ESOP

$ Trusts

$ Precious metals and coin collections

$ Jewelry

$ Art

$ Collectibles

$ Business property, assets

$ Personal loan you expect to be repaid

$ Anticipated inheritance in the near future

LIABILITIES: Did you remember to report all of the following?

$ Mortgage $ Student loan

$ 2nd mortgage $ Finance company

$ Credit cards $ Loan against employer retirement plan

$ Automobile $ Home equity loan

$ Boat $ Life insurance loan

$ Rental Property $ Personal loan you owe someone

$ Business loan

Additional Comments:

Asset Allocation Questionnaire

Different Investors have different risk tolerances. Much of the difference stems from time horizon.

That is, someone with a short investment time horizon is less able to withstand losses. The

remainder of the difference is attributable to the individual’s appetite for risk. Volatility can be

nerve-wracking for many people and they are more comfortable when they can avoid it. However,

there is a definite relationship between risk and return. Investors need to recognize this risk/return

trade-off. The following risk tolerance questionnaire has been designed to measure an individual’s

ability (time horizon) and willingness (risk tolerance) to accept uncertainties in their investment’s

performance. The total score recommends which of the five risk profiles is most appropriate for

the investor. Please circle your answers below:

Time Horizon

1. When do you expect to begin withdrawing money from your investment account?

A. Less than 1 year B. 1 to 2 years C. 3 to 4 years D. 5 to 7 years E. 8 to 10 years F. 11 years or more

2. Once you begin withdrawing money from your investment account, how long do you expect the withdrawals to last?

A. I plan to take a lump sum distribution B. 1 to 4 years C. 5 to 7 years D. 8 to 10 years E. 11 years or more

Risk Tolerance

3. Inflation, the rise in prices over time, can erode your investment return. Long-term investors should be aware that, if portfolio returns are less than the inflation rate, their

ability to purchase goods and services in the future might actually decline. However,

portfolios with long-term returns that significantly exceed inflation are associated with a

higher degree of risk.

Which of the following portfolios is most consistent with your investment philosophy?

A. Portfolio 1 will most likely exceed long-term inflation by a significant margin and has a higher or more aggressive degree of risk.

B. Portfolio 2 will most likely exceed long-term inflation by a moderate margin and has a moderately aggressive degree of risk.

C. Portfolio 3 will most likely exceed long-term inflation by a small margin and has a moderate degree of risk.

D. Portfolio 4 will most likely match long-term inflation and has a lower degree of risk.

4. Portfolios with the highest average returns also tend to have the highest chance of short- term losses. The table below provides the average dollar return of four hypothetical

investments of $100,000 and the possibility of losing money (ending value of less than

$100,000) over a one-year holding period. Please select the portfolio with which you are

most comfortable.

Probabilities After 1 Year

Possible Chances

Average of Losing

Dollar Return Money a. Portfolio A $105,000 17% b. Portfolio B $107,000 23% c. Portfolio C $108,000 29% d. Portfolio D $109,000 31%

5. Investing involves a trade-off between risk and return. Historically, investors who have received high long-term average returns have experienced greater fluctuations in the value

of their portfolio and more frequent short-term losses than have investors in more

conservative investments. Considering the above, which statement best describes your

investment goals?

A. Protect the value of my account. In order to minimize the chance for loss, I am willing to accept the lower long-term returns provided by conservative investments.

B. Keep risks to a minimum while trying to achieve slightly higher returns than the returns provided by investments that are more conservative.

C. Balance moderate levels of risk with moderate levels of returns. D. Maximize long-term investment returns. I am willing to accept large and

sometimes dramatic fluctuations in the value of my investments.

6. Historically, markets have experienced downturns, both short-term and prolonged, followed by market recoveries. Suppose you owned a well-diversified portfolio that fell by 20% (i.e. $1,000

initial investment would now be worth $800) over a short period, consistent with the overall

market. Assuming you still have 10 years until you begin withdrawals, how would you react?

A. I would not change my portfolio. B. I would wait at least one year before changing to options that are more conservative. C. I would wait at least three months before changing to options that are more conservative. D. I would immediately change to options that are more conservative.

______ ______ ______ ______

______ ______ ______

_____ _____ _____

_____ _____

7. The following graph shows the hypothetical results of four sample portfolios over a one-year holding period. The best potential and worst potential gains and losses are presented. Note that the portfolio with

the best potential gain also has the largest potential loss.

Which of these portfolios would you prefer to hold?

A. Portfolio A B. Portfolio B

C. Portfolio C D. Portfolio

8. I am comfortable with investments experiencing some level of volatility given enough investment time horizon to potentially rebound from that volatility.

A. Agree

B. Disagree

Return

50%

40%

30%

20% 10%

-10%

- 20%

- 30%

-40%

______

44% 33%

__ __ 26%

_ _

19%

-9%

______ _

_ _

-20% -15%

Portfolio A Portfolio B Portfolio C Portfolio D

Additional Meeting Notes:

Norfork’s Additional Spending: -$100 a month on pet insurance -Debbi gets weekly massages costing $60 per week -Myron and Charles play golf once a week costing $70, but never go to the practice range -All family members have two gym memberships costing a total of $350 per month -Entire family goes to Whole Foods Market on Sundays and buys groceries

NorFork’s Insurance: -They have been with same home and auto insurance company and rep for 10 years -Myron and Debbi can increase their life insurance benefits through work for $20 per month for every $100,000 in addition. Myron and Debbi can also add $15,000 policies for their kids. -Debbi is concerned that Myron may not live to see retirement.

Norfork’s Employment: -Debbi is not sure what she wants to do when she retires from teaching at 52. She will maintain group healthcare insurance through the school district until age 55. She is not opposed to working, but does not want to work as hard as she is now. -Myron’s current health scare has caused him to seek a better work/personal life balance. He is no longer trying to climb the corporate ladder.