focus was on the life and disability insurance plans,” says Wright. “In the near future, the Asantes intend to set up 529 accounts for the children’s education.”
To set them up for a smoother retirement, Wright rolled over Rosemund’s $40,000 403(b) account and Randy’s $47,000 401(k) account into IRAs. The two IRAs have a combined asset allocation of 20% small-caps, 30% large-caps, 20% international, 25% bond funds, and 5% cash. He left about $50,000 of their savings in low-interest accounts for emergencies.
Three years after meeting Wright, Rosemund acknowledges, “The fact that we have solid life insurance policies in place makes me feel good; knowing that if I pass on, my family will be taken care of.” Randy agrees: “I feel secure because we have now made investments for the children.”