We’ve spent the last 2 decades working closely with families to ensure their financial success. Wondering if we can help your situation? Here are some examples of families we have helped:

In Your 40s Financial Planning

The Millers

Can I take the next step?
  • Ryan, 48 is a scientist at a local biotech company
  • Kate, 42, works for an architectural firm
  • 2 kids, 12 and 10
  • Ryan has stock options and a 401k
  • Kate has a 401k at her current job and a rollover IRA

The Millers are both successful professionals that are looking to take the next step financially.  They have accumulated $450,000 in their retirement accounts and have almost $300,000 in RSU, ESPP, and ISO shares of Ryan’s company stock.  The company stock has been doing well but they haven’t really thought out a strategy for what to do with the different kinds of shares he owns.  They bought their first home 10 years ago but have begun to outgrow it.  They are looking for guidance on how they can achieve their goal of buying a bigger home and saving for college while managing taxes and not pausing on their retirement savings.

As part of their plan, we:

  • Organized their financial picture
  • Developed a plan to strategically sell Ryan’s stock options over time to minimize their tax liability
  • Recommended that Kate roll her old IRA into her current 401(k) so she can make backdoor Roth IRA contributions
  • Ran projections showing that they could upgrade their home with a higher mortgage amount and increase their funding to 529 plans using proceeds from stock option sales.  They were able to do this while still staying on track for retirement.
Am I ready to Retire Financial Planning

The Lees

Am I ready to retire?
  • Jeff is 62 and is a professor
  • Andrea is 60 and is a nurse
  • Have 3 adult children
  • Both have 403(b) plans and Jeff has the options of taking a pension or lump sum in retirement. They are looking to retire in the next few years.

The Lees have both put in a number of years of service at their current positions and are looking to stop working as soon as they can so they can travel.  They are concerned with how they will transition from a paycheck to living off of their investments as well as worried about a market crash before they retire.  Jeff also has the option of receiving a pension when he retires or getting a lump sum payment.  They are unsure of which option to choose.  They also don’t know whether or not to take Social Security at the first available time or to wait until a later date.

As part of their plan, we:

  • Went over their goals for retirement and what they are looking to spend
  • Reviewed their pension and concluded they’d be better off rolling the lump sum into a diversified portfolio
  • Detailed an investment withdrawal strategy that can sustain their lifestyle in retirement alongside a Social Security strategy which matched their overall income and tax situation
Is my retirement on track financial planning

The Smiths

Am I doing the right things in retirement?
  • Andrew and Nicole are 68 and 67 and are few years into retirement
  • They have 3 kids and 5 grandkids
  • They have mostly been living off pensions and Social Security and are taking distributions from their retirement accounts

The Smiths are a few years into retirement and have begun to explore other options for their finances.  The majority of their retirement accounts are with a broker they’ve been working with for some time that has begun to look at retiring also.  Although they liked and trusted the broker, they didn’t quite understand their investment strategy and thought they might have been paying too much in fees.  Their advisor did not really help with any kind of tax or estate planning/gifting strategies which are becoming more important to them.

As part of their plan, we:

  • Reviewed their entire investment portfolio, showing them performance, fees, and the overall risk they are taking and concluded that they could invest more conservatively while still comfortably living their lifestyle in retirement. We also uncovered that they were invested in high-fee mutual funds and consolidated their accounts to a lower-fee, more conservative option.
  • With the help of an estate planning attorney, we reviewed their estate plan and updated it to include strategies to gift some of their assets to the kids and grandkids via Roth IRA and 529 plan contributions.
  • Worked with their adult children to understand the overall estate goals of the family as well as help them with their own individual financial plans.
Take the first step

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