Tom's letter after the April 2026 review

personas/retired-couple/files/documents/fernhollow-review-2026-04.pdf

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2300 Fernhollow Court, Suite 120
Madison, WI 53717

Fernhollow Wealth Advisors (608) 555-0148
fernhollow.example

April 21, 2026

Ray and Peg Ostrander, 1846 Hawkstone Drive, Madison, WI 53711

Dear Ray and Peg,

Thank you for coming in on April 16. Here is what we looked at and what we decided, so that it
is in one place.

Where things stood on March 31, 2026

Account at Pemberwick Trust Value

Ray's rollover IRA, ending 2086 $741,220.65

Peg's traditional IRA, ending 2091 $212,480.17

Trust account, ending 2104 $186,340.22

Together $1,140,041.04

About half is in stock funds and half in bonds, Treasuries and cash. We agreed to leave that as
it is.

Ray's required withdrawals
This is the first year the IRS requires Ray to take money from his IRA. The amount for 2026 is
$28,012.02. As we agreed in January it comes out in four parts, each to your Heronwood
checking with 12% federal and 5% Wisconsin tax held back: March 16 and June 15 (both done),
September 15 and December 15. Peg has no required withdrawal until 2028.

You asked whether to take more than the minimum this year. With Denise's estimate of your
2026 income I would not; we can look again in October.

Other things we settled
Peg's term life policy runs to June 1, 2030. Let it run out. Converting it would cost far
more than it is worth to you now.
The long-term care policies stay as they are. If Elmhaven raises the premium again, call
me before you answer their letter.
Beneficiary forms. Rebecca Stannard asked you in 2023 to check these. I have, and both
IRAs name the other of you first and the three children equally second. Copies are enclosed.
Cash. Keep about a year of property tax and insurance premiums, some $30,000, in the
Heronwood savings account. You have a little more than that now.

Still open
Ray was going to think about a gift from the IRA straight to the church in place of part of
the December withdrawal. It would count toward the required amount and would not be
taxed. Let me know by November 15.

Our next review is in October. Dana will call to set the day.

With best regards,

Tom Kittleson
Thomas Kittleson, CFP

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Tom's letter after the April 2026 review Document · saved Apr 24, 2026

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only_in_file Facts that are in no record field but overlap across files, in different words. The appraised values of the Omega ($4,150) and the pearls ($1,900) are in the 2024 appraisal and on the valuables schedule; the 2016 appraisal has older figures. The successor trustees and the specific gifts are in the trust. What happens to the cabin is in the trust (sold), in the amendment that replaced that paragraph (kept by the three children; the saved amendment is a scan with no text) and in the lawyer's letter that explains the amendment. Ray's 2026 required withdrawal ($28,012.02) is on the IRA statement and in the advisor's letter, and the 2025 tax summary gives it as "about $28,000". The porch change order is in the contract; the receipt says only that the porch came in $800 over.

attachments.yaml

record: doc-fernhollow-review-2026-04
template: document
org:
  name: Fernhollow Wealth Advisors
  lines:
  - 2300 Fernhollow Court, Suite 120
  - Madison, WI 53717
  phone: '6085550148'
  web: fernhollow.example
  color: '#365c4a'
body: "April 21, 2026\n\nRay and Peg Ostrander, 1846 Hawkstone Drive, Madison, WI 53711\n\nDear Ray and\
  \ Peg,\n\nThank you for coming in on April 16. Here is what we looked at and what we decided, so that\
  \ it is in one\nplace.\n\n## Where things stood on March 31, 2026\n\n| Account at Pemberwick Trust |\
  \ Value |\n|---|---|\n| Ray's rollover IRA, ending 2086 | $741,220.65 |\n| Peg's traditional IRA, ending\
  \ 2091 | $212,480.17 |\n| Trust account, ending 2104 | $186,340.22 |\n| **Together** | **$1,140,041.04**\
  \ |\n\nAbout half is in stock funds and half in bonds, Treasuries and cash. We agreed to leave that\
  \ as it is.\n\n## Ray's required withdrawals\n\nThis is the first year the IRS requires Ray to take\
  \ money from his IRA. The amount for 2026 is $28,012.02.\nAs we agreed in January it comes out in four\
  \ parts, each to your Heronwood checking with 12% federal and\n5% Wisconsin tax held back: March 16\
  \ and June 15 (both done), September 15 and December 15. Peg has no\nrequired withdrawal until 2028.\n\
  \nYou asked whether to take more than the minimum this year. With Denise's estimate of your 2026 income\
  \ I\nwould not; we can look again in October.\n\n## Other things we settled\n\n- **Peg's term life policy**\
  \ runs to June 1, 2030. Let it run out. Converting it would cost far more than\n  it is worth to you\
  \ now.\n- **The long-term care policies** stay as they are. If Elmhaven raises the premium again, call\
  \ me before\n  you answer their letter.\n- **Beneficiary forms.** Rebecca Stannard asked you in 2023\
  \ to check these. I have, and both IRAs name the\n  other of you first and the three children equally\
  \ second. Copies are enclosed.\n- **Cash.** Keep about a year of property tax and insurance premiums,\
  \ some $30,000, in the Heronwood\n  savings account. You have a little more than that now.\n\n## Still\
  \ open\n\n- Ray was going to think about a gift from the IRA straight to the church in place of part\
  \ of the December\n  withdrawal. It would count toward the required amount and would not be taxed. Let\
  \ me know by November 15.\n\nOur next review is in October. Dana will call to set the day.\n\nWith best\
  \ regards,\n\n<span class=\"sig\">Tom Kittleson</span>\n\nThomas Kittleson, CFP\n"