Success Stories
Pre-Retiree/Retirees
Names and Ages: Susan (58) & Tom (60)
Occupations: Retired Teacher and Business Owner
Introduction
Susan and Tom spent years working hard, raising a family, and saving for retirement. As they approached this new phase of life, they wanted to retire comfortably and make the most of their golden years.
Challenges/Concers
They had several key questions:
- Were they financially ready to retire?
- How could they maximize their Social Security benefits?
- Would their savings last throughout retirement?
- What was the best strategy to minimize taxes on their retirement income?
Solution
We designed a comprehensive retirement strategy for Susan and Tom that focused on:
- A tax-efficient withdrawal strategy to maximize income while minimizing taxes
- Proper asset allocation to balance growth and stability
- Optimizing Social Security and pension decisions
- A plan for covering healthcare and long-term care expenses
Implementation
Together, we:
- Created a structured withdrawal plan to ensure they wouldn’t outlive their savings
- Adjusted their investment strategy to support long-term sustainability
- Developed a Social Security claiming strategy that maximized their benefits
- Implemented a plan for rising healthcare costs, including Medicare and long-term care considerations
Results
With a clear retirement plan in place, Susan and Tom now have confidence in their financial future. They know exactly where their income will come from, how to navigate potential risks, and how to enjoy their retirement years without financial worry.
This is a hypothetical situation based on real life examples. Names and circumstances have been changed. The opinions voiced in this material are for general information only and are not intended to provide specific advice or recommendations for any individual. To determine which investments or strategies may be appropriate for you, consult your advisor prior to investing.