Sheldon Weiner Featured in Wall Street Journal Article: Utilizing a Client's Only Major Asset
Sheldon Weiner Featured in Wall Street Journal Article, "Utilizing a Client's Only Major Asset"
March 4, 2013, Wall Street Journal — Sheldon Weiner is featured in The Wall Street Journal’s article by reporter Niki Reading entitled, “Utilizing a Client’s Only Major Asset.”
The 65-year-old woman had recently lost her husband, and a significant chunk of her monthly income.
The husband’s pension didn’t include survivor benefits, and the widow’s own Social Security and pension benefits provided just $2,000 in monthly income—far less than her $4,000 in monthly expenses.
With only $35,000 in a bank account and a $25,000 annuity, she was on pace to run out of money before she turned 80.
When she was referred to Mr. Weiner by a friend, the woman told the adviser that her accountant recommended selling her only remaining significant asset: a piece of vacant farmland her husband had bought in the 1950s.
There were two problems with that plan.