Case Study – Pre-retiree
How We Help Savers Nearing Retirement
Navigate the Shift from Saving to Spending with Confidence
With more questions than answers, Chris and Laurie wanted help with the transition from saving (during their working years) to spending (in retirement). They also expressed concern about how to slow down without becoming bored.
Their Concerns
Are we financially ready for our employment income to end?
How do we protect our savings from taxes during retirement?
What investments are best during this season of life?
Have we saved enough to leave an inheritance for our children and give to charity?
A Flexible Plan to Balance Retirement Goals
Many successful savers are less confident about how to spend down their nest egg. We helped position Chris and Laurie to fully enjoy retirement without worrying about running out of money.
Educated Chris and Laurie about the tradeoffs between part-time work and full retirement.
Developed strategies that integrate charitable giving, retirement account distributions, and potential Roth conversions to manage the tax bill amidst changing income during the gap years.
Analyzed various retirement options to identify the optimal age to claim social security.
Harvested capital losses, allowing them to sell legacy investments at a gain, and donated some other investments without realizing capital gains.
Created a financial plan with enough flexibility for part-time work.
Inspired Chris and Laurie to pursue some activities they value but weren’t sure they could afford.
Where They Are Now
The concern about “can we really do this?” has been replaced with confidence. Chris and Laurie are living the retirement they envisioned: traveling while they’re healthy, pursuing hobbies they’d put off for decades, and giving generously without second-guessing every decision. They’re no longer paralyzed by the fear of spending too much or running out. They know the path forward, and they’re enjoying the life they worked so hard to build.
Case studies presented are based on actual client situations, however, some of the information may have been changed, altered, or combined. 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.
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