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Originally Posted by x2drich2000
100% agree, I would also add that we don't know much about the client other than they are "high end". I would assume the client has sufficient assets elsewhere but without knowing for sure I wouldn't act on that assumption. IMO it would be irresponsible to suggest the Mantle if the person doesn't already have a well rounded portfolio. From an investment prospective, the Mantle lacks the flexibility to withdraw a portion of the investment if needed. For that reason, without further info, I would take the stocks to protect the person when life happens to them.
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The gentleman is 50 has 950,000 saved in his 401k, two kids in college one is full funded the other has half funded two years to go in school. He has 160k left on his mortgage, looking to retire in 10 years.