Youth on Course – 100 Hole Hike
October 5, 2018
Investor Series – Price
October 5, 2018

Client Story – Planning for Retirement

The story below is a fictional client narrative. All characters and events in this publication are fictitious and any resemblance to real persons, is purely coincidental

What prompted this pre-retiree couple to reach out to us was their interest in planning for retirement.

Bob was having health issues and was challenged to maintain his job performance. His wife Sarah needed more time to spend with her aging parent, her daughter and grandchildren.  They have been do-it-yourselfer savers and investors for many years.  They both were aware that Bob’s retirement from his current profession was a life-changing event and they wanted to make sure they made good financial decisions.

After conducting an initial 15 minute phone call to review their goals and overall circumstances, I noticed their do-it-yourself plan was characterized by a lot of activity without clear direction.

Once the couple engaged our services, we identified the top priority financial planning area and the actions that needed to be taken to get this couple moving toward their goals. The first step in this process was selecting a targeted retirement date for Bob. By selecting a targeted retirement date for Bob, we established a point in time at which their income would need to be supplemented by sources other than employment income, and could forecast how much money they would need to carry them through retirement. The top financial planning area we worked on was assisting Bob with capitalizing on his stock plan at work. We followed that by putting an investment plan in place to deploy their capital to meet their goals.  A cash flow plan was then created to identify a sustainable spending level in retirement.

Bob was able to retire recently, and is looking forward to pursuing some personal interests  and improving his personal health. Sarah is spending more time with the family and learning to relax into their plan.

If you find yourself in a situation similar to this one, feel free to reach out to us to find out how we can help you.







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