PRE-RETIREMENT

Hi, I'm Kathy.  I'm 60 years old and looking forward to winding down my role as President of the manufacturing business I founded 25 years ago with my husband.  It has been a full time commitment (and then some!) since the children went to school.  Lately, it seems that I'm needed at the plant 24/7.  I can't wait to have more time to do the things I want to do.  I'm doing well considering my husband of 42 years passed away just last year.  This was the wake up call for me.  All the saving and sacrificing my husband I did over the years and then suddenly I found myself alone.  I made a promise to myself that I was going to enjoy life, travel and spend time with my grandchildren.  I know that a financial plan is about more than just money, markets, and numbers.  It's actually about me, my life, and a freedom that is planned.  I also learned that knowing the lifestyle I want to achieve is the first step toward ensuring that my finances are sufficient. 

My areas of concern are:

What are probate fees?  What is the most expedient and proper way to settle my husband’s life insurance?  Where can I learn about investing for beginners?  How can I minimize my taxes?  How much will I be able to save for my grandchildren?  How can I make sure I’m not a burden to my own children?  Do I have everything in order in case something should happen to me?