Mrs. Jones

Bob, a Financial Planner, called in January to ask if we would be a good fit for one of his clients. He had been doing client maintenance, and while going through the “J”s he discovered that long time client, Mrs. Jones, had a problem. In her 80’s, she had been fighting with mild osteoporosis and her fear of falling brought her to the conclusion that she should move to a single level seniors home.  This way she would have more support and fewer obstacles.

Mrs. Jones spoke to Bob about how much it would cost to stay at the home she and her daughter Ellen had picked out. She wanted to know if Bob could help. After meeting with Mrs. Jones and Ellen, Bob discovered that she had enough equity in her house to top up her current portfolio and provide ample cash flow for her projected needs. He also found out that Mrs. Jones didn’t know how to begin her move. Her own condition limited her ability to do physical tasks, and her only daughter who lived close by worked full time, kept her own house and was putting her son through college.