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The Story of David and Goliath, And Abby and Samson: The Aftermath

  • Michael J. Nathanson
  • Jeffrey T. Craig
  • Jennifer A. Geoghegan
  • Nadine Gordon Lee
  • Michael A. Haber
  • Seth P. Hieken
  • Matthew C. Ilteris
  • D. Scott McDonald
  • Joseph A. Salvati
  • Stephen R. Stelljes
Chapter

Abstract

David survives his heart attack, but his health is precarious. David needs several months before he can seek a new job, and Abby must put more energy into her company when the couple can no longer afford to hire any help. David regrets that he did not pay attention to his employee benefits, including disability insurance. The couple realizes that, without any asset allocation strategy, they have lost most of their wealth. They must also face other consequences of their planning failures, including an unpaid retirement-plan loan, tax bills, an underwater mortgage, an expensive life insurance policy, underfunded education accounts, and aging parents with no safety net. Abby considers a sale of Slingshot, but her failure to make a tax election may hinder that possibility.

Copyright information

© The Colony Group 2018

Authors and Affiliations

  • Michael J. Nathanson
    • 1
  • Jeffrey T. Craig
    • 2
  • Jennifer A. Geoghegan
    • 3
  • Nadine Gordon Lee
    • 4
  • Michael A. Haber
    • 3
  • Seth P. Hieken
    • 1
  • Matthew C. Ilteris
    • 1
  • D. Scott McDonald
    • 2
  • Joseph A. Salvati
    • 1
  • Stephen R. Stelljes
    • 2
  1. 1.The Colony GroupBostonUSA
  2. 2.The Colony GroupHinghamUSA
  3. 3.The Colony GroupNew YorkUSA
  4. 4.The Colony GroupArmonkUSA

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