Case Example – Strategic Review of Retirement Funds and Insurance Planning

I’d love your insight on a client case we’re working on this week.

We originally set her up with a Medicare health plan, which helped free up a bit of her monthly budget and created a small pocket of available money. That’s what started our deeper conversation about her overall financial situation.

Here’s a quick snapshot:

Femail, 56 y/o

She has about $17,000 in a 401(k) from her previous job.

She’s been out of work for about 18 months.

She’s currently carrying around $8,000 in personal debt, mostly from helping her two adult children (in their late 20s and early 30s) get settled after relocating out of state.

Her term life policy provides $500,000 in coverage and costs $117/month, bundled with her auto and home insurance.

Because of disability benefits and a few mild health issues (thyroid and fatty liver, non-diabetic), she likely won’t qualify for new life coverage—but her husband, who is still working, may.

Her heart is in the right place. Her goal was to give her kids a good financial start, ideally helping them invest and grow their money over time. Now, she wants to find a way to restructure her limited resources to create both stability for herself and a small inheritance for her children.

Given this profile—limited but consistent assets, stable health, and a family focus—

👉 What would be the most strategic way to use her 401(k) and freed-up cash flow?

I’m gathering all her financial details before Thursday’s meeting and would love your perspective before we put together recommendations.

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