Meeting Follow-up

David and Linda,

Thanks for making the time today. I left with a much clearer picture of where you stand, where you want to land, and the two or three things in the way. Here's how I heard it — flag anything I got wrong before our next meeting.

Where you are today

Retirement assets are spread across four uncoordinated accounts (the Sterling & Cole 401(k), two IRAs, the legacy brokerage), plus the money market from your practice, Linda. Three rentals at roughly $1.1M generating income but aging. Robert's been handling the tax side for years; the investment side hasn't been integrated.

Where you want to land

• David retires at 63 — five years from now — on $150K/year of spendable income.
• Travel, optional support for the kids, and continued funding for your mother's care.
• Most importantly, in your words: not working an extra year because we didn't plan well.

What's in the way

• No single plan across the four accounts — tax windows on the rollover are passing every year we don't act.
• Your mother's care is $7K/month with no long-term care funding decision and a real memory-care escalation risk.
• The rentals are an open question — keep, simplify, or sell.

What it costs to not solve this

You said it best: retirement pushed to 65 or later, and another $30–40K/year out of pocket if your mom needs memory care. And the part that doesn't show up in the dollars — Linda's "we'd just keep wondering if we're doing it right."

Next week I'll come back with a starting point on consolidation and the long-term care funding decision. If anything above lands wrong, just reply — I'd rather hear it now than build off the wrong picture.

Thanks again,
Wesley