ARTS
Local movie producer’s romantic comedy hits the silver screen
A biker learns not to mess with the retirement community gang in a scene from “Queen Bees.” (Special) BY JOHN RUCH A romantic comedy full of veteran stars and co-created by a local movie producer is now on the silver screen. “Queen Bees” stars Oscar-winner Ellen Burstyn (“Alice Doesn’t Live Here Anymore”) as a woman who temporarily moves into a retirement community and meets a wacky group of characters played by the likes of James Caan (“The Godfather”) and Jane Curtin (“3rd Rock from the Sun”). It hit theaters June 11.
Ellen Burstyn and James Caan in “Queen Bees.” (Special)
The story is from the mind of Harrison Powell, a Sandy Springs resident who has co-produced several religious and “inspirational” movies in recent years. Back in 2018, when the movie was shooting at a retirement community in Duluth, Powell said the film is based on his wife’s grandmother, who “begrudgingly moved into a retirement community in Jacksonville.” She found it was like “high school all over again,” with cliques set in their ways. But then she fell in love and married.
Made under the now-changed working title of “Welcome to Pine Grove!”, the movie joined the entire Hollywood industry in hitting the pandemic roadblock. It’s getting a limited theatrical release — including at The Springs Cinema & Taphouse in Sandy Springs — and simultaneously streaming on demand. “Definitely a wild time to release a film!” says Powell about the pandemic timing. “A lot to learn and I think a lot of consumer mindsets have shifted to more
home entertainment.” Other veteran stars in the film include Ann-Margret (“Grumpy Old Men”), Christopher Lloyd (“Back to the Future”) and Loretta Devine (“Waiting to Exhale”). Director Michael Lembeck previously helmed two of Disney’s “Santa Clause” movies and Dwayne Johnson’s “Tooth Fairy.” For more about the movie, see queenbeesfilm.com.
WORTHWHILE CONVERSATIONS JUGGLING THE RETIREMENT PIECES…
WHY THE JUGGLING ANALOGY? Pop singer Elvis Costello said, “I feel like a juggler running out of hands.” That’s the mindset of many recently-retired people with a good amount of savings. They oftentimes feel overwhelmed when coordinating the pieces necessary to replace what has been a lifetime of dependable paychecks. We’ve learned over 50 years that it’s challenging to transition from consistently saving for the future to living off of accumulated assets. NOT A BAD PROBLEM -- TO BE LIVING OFF YOUR ASSETS AND NO LONGER WORKING… It IS a nice problem. But big dollars are at stake in getting it right. We worked recently with a retiree from a major oil company who decided to walk out the door at age 60. His situation is not uncommon. He and his wife have done a great job laying their foundation – Social Security, a pension, a 401(k) with company stock, and some after-tax savings. No worry about outliving their money; but they want to make the most of these assets in the long-run for their family. They worry the varying tax impact associated with different decisions in drawing down assets can have widely different long-run outcomes. They want to get it right. ARE THEIR CONCERNS VALID? Yes. Our Wealth Planning Committee professionals (CPAs, attorneys and others) work together to model out these alternatives for clients. In this case, skillful “juggling” of the drawdown of assets and their elections around Social Security and taking company stock from the 401(k) matter greatly. As Committee
Bill Kring, MaryJane LeCroy, and Phillip Hamman discuss the challenges clients face when transitioning from saving for retirement, to living off accumulated assets. (Left to right: Phillip Hamman, CFA, CFP®; MaryJane LeCroy, CFP®; and Bill Kring, CFP®)
Chairman, Phillip Hamman, CFA, CFP®, stated it: “The projected difference in the ending asset values between the base case and the optimum case shows a 40% increase to heirs.” WHAT SHOULD PEOPLE LOOK FOR? The key is making sure you get the experienced and unbiased advice you have the right to expect. The majority of financial advisors out there are NOT 100% on a fiduciary business model. At Linscomb & Williams, we are a fiduciary for our clients, providing service and advice for a fee with no products to sell. Our team is ready to meet for a no-cost, no-obligation exploratory conversation at our office in Atlanta.
Linscomb & Williams is located at 2727 Paces Ferry Road SE, Building Two, Ste. 1475 in Atlanta, GA For more information call 770 333 0113 or visit www.linscomb-williams.com. Linscomb & Williams is not an accounting firm.
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JULY 2021 | REPORTER NEWSPAPERS
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