Estate planning lawyer Jeff Fouts discusses how to know if you have enough money, and how to figure out if you will run out of money before you die. It’s an important topic!
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Do I have enough money? This is a question we get asked occasionally by clients. And the answer some hard work. It requires us getting budget numbers. It requires us getting projections on past portfolio performance, and current portfolio performance. We may also mimic what happens if there's a bear market, and mimic what happens if the portfolio doesn't work right for some of the years at the beginning of retirement.

Once we know what we want to do, and we've got really good budget numbers, we can run 1,000 potential simulations. Not 10, not 100, not 500, 1,000 simulations to see whether or not the client will run out of money. We look back over a long period of time, and you get to know a probability, a percentage probability of success, of achieving your goals, your wants, your needs, and your wishes.

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Jeff Fouts is a triple licensed attorney and member in good standing of the State Bar of Georgia (since 1993), and a registered investment advisor to assist clients with their financial planning. Jeff has served clients in all 50 states, and 29 foreign countries, and been admitted to all Georgia courts, the U.S. Supreme Court and U.S. Tax Court.

If you are thinking about estate planning, it probably means two things: you have some assets and you have one or more people to whom you’d like to leave them to. Every day, people who are smart in every other respect, go around giving little thought for quality estate planning. I’m here to help with estate planning advice, tax tips, asset protection tips, and retirement planning.

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0:00 Do I Have Enough Money?
1:56 Factors Impacting Money Goals
3:38 Factoring in Scenarios
4:15 Estate Planning & Free Consultation