Rhame & Gorrell Wealth Management
Financial Planning Manager
At Rhame & Gorrell Wealth Management, Kyle McClain oversees Financial Planning operations, interfaces with clients, and serves on the Investment Committee. In his role as Financial Planning Manager, Kyle works closely with clients as part of an interdisciplinary team of investment and financial planning professionals. He coordinates ongoing financial planning initiatives and facilitates communication between clients and the advisory and investment teams.
Prior to joining RG Wealth, Kyle spent time with Fidelity Institutional Asset Management as an Investment Consultant and with Merrill Lynch as a Wealth Advisor. He graduated Magna Cum Laude with a dual degree in Finance and Economics from the University of Alabama. He also completed his Certified Financial Planner, CFP® program at Texas A&M University in the Spring of 2018.
BS, Finance, Economics, The University of Alabama
Certified Financial Planner Program, Texas A&M University
The answer to this question is largely dependent on some other factors, including the level of disability, plans for the IRA funds, and more. Has your wife separated from service at her company? All of these are factors that will affect the answer to this one. Feel free to contact us for a no-obligation consultation.
I'd like to offer my condolences. While losing a loved one is never easy, your relative has left a significant financial legacy that should be cared for with diligence. Another factor to consider throughout this process would be financing a portion of the house and funding the payments with income from the inheritance principal. This would allow you to reap the benefit of living in the residence as well as retaining the inheritance principal for the purpose of generating further income. The reality is, you need a detailed cash flow projection considering income needs, financing needs, etc. I'd be happy to run some preliminary numbers for you on a no-cost, no-obligation basis. Feel free to reach out to us at your convenience.