Our typical client is someone age 50 plus with $1 million or more of liquid investment assets (excluding real estate).
Primary Goals: Focused on designing the right mix of assets needed to help protect their financial independence
Tom and Susan don’t have a set retirement date.
Not because they can’t retire, but because they’re not sure when (or if) they want to stop working.
Tom is a respected physician and Susan is a manager at a large technology company. They both enjoy their careers — their work adds value and meaning to their lives.
They’ve worked for decades to excel in their fields and they aren’t ready to leave their passions simply because they’re nearing traditional retirement age.
The challenge isn’t overcoming any financial mistakes or limitations, they’ve been doing all the right things:
Generating high six-figure incomes
Maxing out retirement vehicles and other investments
Growing sizeable equity in their primary home
Protecting themselves with the right types of insurance
So what’s the problem?
Tom and Susan wonder if they’re missing something. Is their current plan right for them?
They admit…they don’t know what they don’t know.
As they approach the next stage of life, they want an expert to help them make strategic decisions with their money. They also want help navigating taxes in retirement.
While Tom and Susan aren’t in a hurry to retire, they want to know they have the option.
Tom and Susan weren’t sure where to begin, which is why they pursued professional help from a financial planner.
Plus, they’re busy. They don’t want to get bogged down trying to figure everything out on their own.
When Tom and Susan hired a financial planner, they were concerned about more than just their investments. They wanted help with the entire financial picture, especially taxes.
A comprehensive plan was put together that met all their needs:
A tax-efficient investment strategy to reduce risk and improve returns.
Reduced investment costs.
Improved asset allocation to better align with their goals.
A smart, sustainable rebalancing strategy.
Reduction of tax liabilities through charitable giving, roth conversions, social security timing, and more!
A tax-efficient IRA funding strategy.
They also adopted an easy-to-use personal finance website, helping them organize their financial life and gain clarity.
Tom and Susan now enjoy the peace of mind that comes from a clear financial plan.
They have more energy and mental space to dedicate toward what they enjoy — knowing they have the choice to retire when the time is right.
Primary Goals: Focused on building confidence in the decision to retire and organizing their financial life
After accumulating wealth throughout the years as a biotech executive, Carol began thinking about retirement. Her husband passed away recently, and she is looking for a fresh start.
She currently holds a variety of investment accounts, including 401ks from her employers, stock options, an ESPP, and multiple brokerage accounts.
She has three adult children (one still in college) and two grandkids. Carol lives modestly, owns her home, and looks forward to spending more time with family in retirement.
Carol was pretty sure she had enough to retire but also hoped she could leave a legacy for her kids and grandkids.
She craved a better plan that would allow her to retire confidently knowing she was equipped to meet these goals.
Carol had more questions than answers:
How do I consolidate retirement funds?
What is my money invested in?
What are the tax implications of selling my stock options?
Do I have enough money to pay for healthcare, especially if I retire before 65?
How do I switch gears from working and saving money to living off my investments?
She knew seeking professional financial help was the right choice to ease her mind and create a plan that truly worked for her family.
The first step for Carol was to sit down with someone who would actually listen to her questions and concerns. She wanted to be heard and not sold to.
There is an understandable mixture of excitement and uncertainty when it comes to a retirement transition.
Once her goals were clearly documented, a personalized retirement plan that aligned with her values and priorities could be created.
In collaboration with her tax professional, Carol was able to:
Establish a retirement timeline that included future financial changes (social security & medicare)
Organize her assets so she knows she has enough money to fund what matters most
Reduce potential taxes through the systematic sale of her stock options
Maximize the effectiveness of her savings during her remaining working years
Create an income stream to fund the first few years of retirement before Medicare and Social Security begin
With a plan in place, Carol is able to bring back a sense of purpose and confidence to her remaining working years.
In the near future, she will be able to fully embrace retirement and her role as a grandparent.
Primary Goals: Focused on reducing taxes and creating a reliable income stream in retirement.
Dan and Elizabeth recently retired from rewarding careers and have lots of plans for the future.
They want to ensure that their retirement plan not only enables the lifestyle they have envisioned in retirement but that they have a plan to make sure they never run out of money.
Dan devoted 35 years to his company before deciding it was time to move into the next phase of his life.
With his children grown, he and his wife Elizabeth were looking forward to traveling, golfing, and giving back to their community.
His retirement package included a 401(k), stock options, and a pension, and he was hoping to put these assets to work so he and Elizabeth could enjoy a comfortable future filled with all the things they dreamed of doing.
He wasn’t quite sure about how he could access these funds and needed some advice as to what investment options were available to him.
Dan’s ultimate goal was to make sure that their money would outlive them while facilitating the comfortable lifestyle they envisioned.
It was important to help make Dan and Elizabeth’s retirement planning process easy, enjoyable, and stress-free.
To avoid any major surprises, the first step was to identify any potential tax challenges they may soon face.
Working together with Dan and Elizabeth’s CPA, the retirement planning process involved:
Compiling all the information Dan needed from his company’s benefits administrator
Summarizing all the options available to them along with any corresponding tax ramifications
Establishing new investment/retirement accounts
Strategizing a withdrawal plan to provide them with a reliable income stream
Being able to see and understand all of their options removed a lot of worries.
They were able to move forward with their plans, confident in knowing that they would be well looked after.
The solutions adopted by Dan and Elizabeth helped them in many ways:
They were able to reduce taxes now and in the future
Dan’s retirement savings were protected
They had the advantage of a predictable stream of income that they could not outlive
Today, Dan and Elizabeth are having the time of their lives. They travel between their primary home and their beach house, visit new golf courses, and spend time with their grandchildren every chance they get.
They have the confidence of knowing that his financial plan is sustainable and that he and Elizabeth can relax and enjoy life on their terms.
Dan and Elizabeth 's retirement plan is reviewed regularly. Most importantly, new tax laws are being monitored each year to ensure they are taking advantage of any opportunities available to them.