Mary Smith, age 64, is a recently retired widow with a financial portfolio consisting of over $1 million in a 401(k) that is still at her former employer and $500,000 in cash from a recent life insurance payout. She approached True Vision Financial Advisors seeking guidance on several critical financial matters: managing her substantial 401(k) assets, deciding what to do with the funds from her recent life insurance payout, determining the optimal timing for Social Security benefits in light of her recent retirement and large lump-sum payment following the death of her husband, formulating effective tax strategies while in retirement, future healthcare costs, and planning for wealth transfer to her heirs since her spouse was previously the primary beneficiary.