Retirement makeover: Omaha couple learns way to further shore up their financial future

http://www.omaha.com/money/retirement-makeover-omaha-couple-learns-way-to-further-shore-up/article_d68a385d-9535-5cff-a218-381d54a68c66.html





SARAH HOFFMAN/THE WORLD-HERALD
As part of a retirement makeover, Todd Lines, center, and wife Tami, right, received suggestions to alter their asset allocation among stocks and bonds and to consider adding long-term care insurance. Here, the couple play cards at their home with 17-year-old daughter Emily, left, and her friend Nikki Lofshult, also 17.


POSTED: WEDNESDAY, DECEMBER 10, 2014 1:00 AM
By Joe Hearn

Remember that home makeover show where Ty Pennington sent a deserving family to Disney World while he and his team tore down the family’s old money pit, replaced it with something amazing and then brought back the family for the big reveal? The crew would shout “MOVE THAT BUS!!” and then the “Extreme Makeover” bus would pull away revealing the family’s new digs. Everyone would cry and hug.

A retirement makeover is kind of like that, except less Disney, power tools and hugging. And I’m no Ty Pennington, and we don’t really have a bus. But you get the idea.

The goal of a retirement makeover is to help a couple (or individual) devise and implement a plan that will put them on track for a secure, fulfilling retirement. In the process, we’ll look at things like savings, investments, Social Security, Medicare, long-term care, asset allocation, creating a retirement budget and making a sustainable distribution strategy.

In a previous column, I asked for volunteers, and one of the many responses came from Todd and Tami Lines of Omaha. Todd works as a mechanical designer at Zachry Engineering and Tami works as a project manager in the IT department at Mutual of Omaha. They have two daughters, one a senior in college and one a senior in high school, and live near 144th and Blondo Streets.

FULL story at link.