case study

Jason: Planning for the Future

Age: 38
Primary Goal:

Paying off law school loans quickly, maximizing income and savings, and investing aggressively for the future

The Challenge:
After being made a partner in his law firm, Jason realized it was time to get serious about his goals. He wanted to use his new professional success to fund additional payments toward his student loans, but he also wanted to be able to afford the lifestyle the older partners in his firm seemed to have. Jason’s main challenge was the fact he had a lot of law school debt on top of the debt he accrued as an undergraduate student. Jason’s employer offered a 401(k) option with profit sharing, but he was worried he wouldn’t select the right investment options from the choices available. With more income coming in, however, Jason was set on making the most of his peak earning years. As a side note, Jason also hoped to be able to save up enough money to buy his first home.
Approach:

We started the process by helping Jason create a plan to increase student loan payments so he could pay off debt faster and increase cash flow later on. We brought on a CPA that could help identify any potential reductions in taxes or tax credits Jason might be able to take advantage of, and we performed an audit on his employer 401(k) plan to find the best investment strategy that would align with his timeline and tolerance for risk.

Results:

We helped Jason create a plan to pay off his student loans several years earlier than he would have, and our work with a CPA helped to identify the available tax deductions and credits and would work for his situation. He is also saving a set amount of money each month for his first home, which he should be able to afford in a few short years.

We were also able to help Jason identify and select a 401(k) investment option that made sense with his investing timeline. Since delegating the heavy lifting of his finances to an expert, Jason spends his free time focusing on his career goals by pursuing his MBA.

*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.*

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