Retirement Planning

Wealth Strategy

elderly woman consults advisor

The Situation:

When Eleanor became a widow seven years ago, she assumed that the financial success her late husband, Alan, achieved had left her ample financial reserves. However, since Alan handled their financial matters, she did not fully understand her current financial state.

Eleanor continued to spend generously on the children and grandchildren, and to enjoy her golden years. Recently, Eleanor became concerned with her income levels and an overexposure to the stock market in her portfolio.

Additionally, Eleanor continued to take the same level of distributions as when Alan was alive, which created a heavy tax burden for her. Concerned about outliving her retirement assets, she turned to PNC Wealth Management for help.

The Solution:

Eleanor’s PNC Wealth Strategist and Investment Advisor recommended a more conservative investment strategy that was more aligned with her current risk tolerance and time horizon. Her PNC Investment Advisor illustrated how long the recommendations to her investment strategy would take. In addition, Eleanor’s portfolio was restructured with a heavier weighting in fixed-income investments to provide her with a more predictable monthly income. It allowed her to maintain her desired standard of living while still investing for her future.

To help ease Eleanor’s tax burden, her PNC Wealth Strategist discussed how reducing the level of distributions that she had been taking from her Individual Retirement Accounts (IRAs), potentially could add years to her retirement nest egg — and peace of mind for Eleanor.

About Wealth Strategy

As a client of PNC Wealth Management®, you’ll have access to an experienced PNC Wealth Strategist who can help identify and articulate financial, tax, estate planning, insurance and philanthropic issues. They will assist you in identifying your financial goals and create strategies to keep you on track.

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Important Legal Disclosures & Information

This story represents a hypothetical scenario and is intended for illustrative purposes; the person described is fictional and not an actual client, but the scenario is intended to reflect a typical and/or previously experienced situation. Actual client experiences and outcomes may vary and future performance or success is not guaranteed.

The PNC Financial Services Group, Inc. (“PNC”) uses the marketing name PNC Wealth Management® to provide investment and wealth management, fiduciary services, FDIC-insured banking products and services, and lending of funds through its subsidiary, PNC Bank, National Association (“PNC Bank”), which is a Member FDIC, and to provide specific fiduciary and agency services through its subsidiary, PNC Delaware Trust Company or PNC Ohio Trust Company. Securities products, brokerage services, and managed account advisory services are offered by PNC Investments LLC, a registered broker-dealer and a registered investment adviser and member of FINRA and SIPC. Insurance products may be provided through PNC Insurance Services, LLC, a licensed insurance agency affiliate of PNC, or through licensed insurance agencies that are not affiliated with PNC; in either case a licensed insurance affiliate may receive compensation if you choose to purchase insurance through these programs. A decision to purchase insurance will not affect the cost or availability of other products or services from PNC or its affiliates. PNC does not provide legal, tax, or accounting advice unless, with respect to tax advice, PNC Bank has entered into a written tax services agreement. PNC does not provide services in any jurisdiction in which it is not authorized to conduct business. PNC Bank is not registered as a municipal advisor under the Dodd-Frank Wall Street Reform and Consumer Protection Act (“Act”). Investment management and related products and services provided to a “municipal entity” or “obligated person” regarding “proceeds of municipal securities” (as such terms are defined in the Act) will be provided by PNC Capital Advisors, LLC, a wholly-owned subsidiary of PNC Bank and SEC registered investment adviser.

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