Thomas & Mary: Retiring Now
Ages: 66 & 63
Enhancing investments, decreasing taxes, and creating consistent income in retirement
Our team began working to identify any tax issues that might arise, which meant collaborating with a CPA throughout the planning process. From there, we gathered all of their account information, including information on an old 401(k) Mary had and the pension Thomas earned through his corporate job.
Once we took stock of the couple’s assets, we made recommendations based on corresponding tax implications, we set up new investment and retirement accounts, and we created a withdrawal plan that left them with the stable monthly income they truly desired. We also brought in an estate attorney who created a trust and will to help protect their assets for their adult children.
After spending several weeks gathering information and working with outside experts, our team was able to help this couple create a stream of income while aligning their investments with their long-term goals. The couple is now retired, and they spend time traveling between their homes in Laguna Beach, California and Jackson, Wyoming, playing doubles tennis, and visiting their children and grandchildren.
Thomas and Mary now have a plan in place to fund their retirement dreams. We still meet with them regularly to review their plan and update any new information or changes, and our team continually monitors tax laws to see how their tax situation might change over time.
*Case studies presented are purely hypothetical examples only and do not represent actual clients or results. These studies are provided for educational purposes only. Similar, or even positive results, cannot be guaranteed. Each client has their own unique set of circumstances so products and strategies may not by suitable for all people. Please consult with a qualified professional before implementing any strategy discussed herein. No portion of these case studies is to be interpreted as a testimonial or endorsement of the firms' investment advisory services.*
Ready to Create a Reliable Income?
Let's discuss where you are at with your plan and discover ways we can improve your investments and create reliable income for your retirement. Receive a complimentary, no obligation assessment today.