Pre-Retiree Case Study

Christopher, 55 | Primary Goal: organize his assets and retire comfortably.

After a long and accomplished career in the oil and gas industry, Christopher was ready to start thinking about retirement.

He currently holds a variety of investment accounts, including 401ks from his employers, stock options, and multiple brokerage accounts.

Christopher has one college-age child and 1 grandkid. Christopher lives modestly, owns his home and car outright, and looks forward to spending more time with his friends and family in retirement.

The Challenge:
Christopher was pretty sure he had enough to retire but also hoped he could leave a legacy for his kids and grandkid.

He needed a better plan that would allow him to retire confidently, and knew exactly where to go – a financial advisor.

The only problem was Christopher was weary of advisors after dealing with an overly-salesy advisor a few years back who did not have Christopher’s best interest in mind.

The Approach:
After meeting with a few financial advisors in his area, Christopher knew he wanted to work with an advisor carrying the CERTIFIED FINANCIAL PROFESSIONAL title and that was located in his area.

Once sitting down with his pick, his goals were clearly documented and a personalized plan was starting to come to fruition. And most importantly, he felt heard and not sold to.

The Suggestions:

In collaboration with Christopher’s CPA, he received direction on:

• Establishing a retirement timeline that included future financial changes (social security & Medicare)
• Organizing his assets so he knows he has enough money to fund what matters most
• Managing potential taxes through charitable strategies and systematic sale of his stock options
• Better positioning the effectiveness of his savings during his remaining working years
• Creating a viable income stream

In the near future, he will be able to fully embrace retirement and his role as a grandparent.

Disclosures: 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.

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