Optimize their financial plan + reduce taxes so when he chooses to retire, he's more than ready!
THE CHALLENGE
John doesn't know precisely when he wants to retire. Not because he doesn't have the means to stop working but because he's wondering if he's ready to stop working.
John has had a bountiful career as the CEO of an IT company for the last 30 years. He enjoys his career — his work adds value and meaning to his life.
After years of climbing the ladder and excelling at the top, he's still deciding whether to put his passion behind him just because he's close to retirement age.
The challenge for John isn't overcoming any financial mistakes or limitations. He's done all the right things for an easy retirement:
Generating high six-figure incomes
Maxing out retirement vehicles and other investments
Growing sizeable equity in their primary home
Protecting themselves with the right types of insurance
What's the issue, then?
John doesn't want to manage his own retirement planning anymore. He wants instead a trusted professional to handle that for him.
John admits…he doesn't don't know what he doesn't know.
He simply wants an expert to help them make strategic decisions with his money, navigate taxes in retirement, and ensure he and his family are secure.
So, while John isn't in a rush to hang it up just yet, he wants to be fully prepared for when he decides it's time to retire.
THE METHOD
John is a busy guy and wants to avoid getting tied up in the logistics of his retirement plan. That's why he settled on an expert.
John knows that he'd call a plumber to handle the job when his sink leaks. It's no different than seeking out retirement planning assistance.
THE RESULTS
When John hired a retirement expert, he was concerned about more than just his investments. He wanted help with the entire financial picture, especially his taxes.
A comprehensive plan was put together that met all his needs:
A tax-efficient investment strategy to reduce risk and improve returns.
Reduced investment costs.
Improved asset allocation to better align with their goals.
An innovative, sustainable rebalancing strategy.
Reduction of tax liabilities through charitable giving, Roth conversions, social security timing, and more!
A tax-efficient IRA funding strategy.
He also adopted an easy-to-use personal finance website, helping him organize his financial life and gain clarity.
John now feels stress-free knowing his financial planning is in great hands with retirement experts and can focus on the things that matter to him the most. When the time comes for John to retire, he knows it will be a breeze.
Note: The above case study is hypothetical and does not involve an actual Fiduciary Financial Partners client. No portion of the content should be construed by a client or prospective client as a guarantee that he/she will experience the same or certain level of results or satisfaction if Fiduciary Financial Partners is engaged to provide investment advisory services.
