The Problem
Senior Financial Risk Indicators
Facts & Figures
$3.4Bn+
Financial Scams
Lost annually by adults 60+ to financial scams.
60%+
Not Prepared
Of seniors lack essential financial documents organized in one place.
25%
Required Minimum Distribution
Possible IRS penalty for missed or incorrect RMDs.
70%
Scrabbling?
Of families experience confusion or delays due to missing paperwork after a death.
Questions!
Giving you clarity of what we do!
A Legacy Binder is a structured, organized collection of a senior’s most important financial, personal, and legal information kept in one secure and accessible place. It is designed to ensure that essential documents — such as bank and investment account summaries, insurance policies, beneficiary designations, Social Security and Medicare information, estate planning documents, trusted contacts, and end-of-life preferences — are clearly documented and easy to locate when needed. Rather than replacing formal estate planning, a Legacy Binder serves as an organizational tool that brings clarity, reduces confusion, and helps families navigate emergencies, illness, or a passing with less stress and uncertainty. Its primary purpose is to protect seniors by ensuring their wishes are known, their information is current, and their loved ones are not left searching for critical documents during difficult times.
A Required Minimum Distribution (RMD) is the minimum amount that individuals must withdraw each year from certain tax-deferred retirement accounts once they reach a specific age set by federal law. RMDs generally apply to accounts such as traditional IRAs, SEP IRAs, SIMPLE IRAs, and most employer-sponsored retirement plans like 401(k)s. Because these accounts were funded with pre-tax dollars, the government requires distributions so the funds can be taxed.
Under current law, most individuals must begin taking RMDs at age 73 (this age may increase in future years under existing legislation). The amount that must be withdrawn each year is calculated using the account balance as of December 31 of the prior year and a life expectancy factor provided by the IRS. Failing to take the correct RMD — or missing the deadline — can result in significant penalties, currently up to 25% of the amount that should have been withdrawn (and potentially reduced if corrected promptly).
To prevent financial scams and fraud, follow a few simple but powerful rules. Never act under pressure. Scammers create urgency to stop you from thinking clearly. If someone demands immediate payment or asks for personal information, pause and verify. Protect your personal information. Do not share your Social Security number, Medicare number, bank details, passwords, or verification codes with anyone who contacts you unexpectedly.
Verify independently. If you receive a suspicious call, hang up and contact the company directly using the official number on their website or your statement.
Monitor your accounts regularly. Review bank and credit card statements for unfamiliar activity.
When in doubt, speak to someone you trust before sending money. Slowing down and verifying can prevent most scams.
Financial Scam & Fraud Prevention
Pillar One
We help seniors understand how financial scams operate and why older adults are frequently targeted. Our work focuses on education and prevention — recognizing warning signs, protecting Social Security, Medicare, and banking information, and knowing what to do when victimized.
Estate & Document
Organization
Pillar Two
We assist seniors in organizing essential financial and personal documents so information is clear, current, and easy to locate. This includes reviewing beneficiary designations, identifying missing or outdated records, and creating a structured Legacy Binder for seniors and their families.
Retirement Distribution
Support (RMD)
Pillar Three
We help seniors understand Required Minimum Distributions and how they apply to retirement accounts. Our support includes reviewing retirement accounts, helping calculate required distributions, and creating easy-to-understand instructions to avoid missed deadlines and costly IRS penalties.
Easy Booking Access
Scheduling support should be simple, secure, and stress-free. Our Senior Financial Legacy Planning Program makes it easy for seniors and their families to book one-on-one sessions with our advisors — either online or by phone.
Choose a convenient time, meet with a dedicated advisor, and receive hands-on guidance with document organization, fraud protection, retirement distribution support, and legacy preparation.
No pressure. No sales tactics. Just clarity, organization, and protection.
Schedule Your Session Today
Seminars
We cover the topics that matter most in plain, honest language — no jargon, just real information delivered by licensed professionals who genuinely care about the people in the room.
2026
Monday, June 15 10:00am - 12:30pm
Location:
Hargrave Annex (111 W 71st street)
10:00 AM – 10:15 AM
Who is Mikhael Paul?
10:00 AM - 10:15 AM
Intro: Who is Mikhael Paul?
10:15 AM - 10:30 AM
Program Overview – Senior Financial Legacy Planning
10:30AM - 10:45AM
What to Expect from Your Advisor Today
10:45AM – 12:25PM
One-on-One Client Meetings (15–20 min each)
Wednesday, June 17 10:00am – 4:00pm
Location:
Hamilton (141 W 73rd Street)
10:00 AM – 10:15 AM
Who is Mikhael Paul?
10:15 AM – 10:30 AM
Program Overview – Senior Financial Legacy Planning
10:30 AM – 10:45 AM
What to Expect from Your Advisor Today
10:45 AM – 3:40 PM
One-on-One Client Meetings (15–20 min each)
3:40 PM – 4:00 PM
Wrap-Up, Q&A & Next Steps
Astrit Astafaj
Financial Representative
Helen Marrow
Financial Representative
Christina Faith
Chief Managing Partner
Renata Sotomayor
Financial Representative
RMD Details
Required Minimum Distributions (RMDs) are mandatory withdrawals from certain retirement accounts once a senior reaches the required age.
These rules can be confusing, change over time, and are easy to misunderstand.
Mistakes can lead to unnecessary stress, higher taxes, and IRS penalties. Our goal is to help seniors understand and manage RMDs clearly and confidently.
Who Needs to Take RMDs?
Individuals with certain tax-deferred accounts like Traditional IRAs or pre-tax 401(x) accounts. Individuals who are RMD age (currently 73 but this varies on birth date1).
What Happens If You Don't Take Your RMD?
If you fall to take your RMD, the IRS imposes a steep penalty-generally 25% of the amount you should have withdrawn.
How Are RMDs Calculated?
The IRS provides life expectancy tables to your RMD. The most commonly used table is the Uniform Lifetime applies to mast individuals.
When Do You Need to Take Your RMD?
RMDs must be taken by December 31 each year. However, there is an exception. It's possible to delay your first RMD until April 1 of the following ear-an option that could have tax implications.