Retired Case Study
Albert & Susan, 65 & 61 | Primary goal: reduce taxes, improve investments, and create a reliable income stream in retirement
Albert and Susan recently retired from rewarding careers and are excited to enter their “golden years.”
They have several goals for their retirement, which include that dream European vacation, ensuring they stay work optional, and leaving a legacy for their family.
The Challenge:
Albert and his wife Susan were ready for their dream retirement. They’d been doing everything right throughout their careers:
- Generating above average incomes
- Maxing out retirement vehicles and other investments
- Building sizeable equity in their home
- Protecting themselves with the right types of insurance
So what’s the problem? They weren’t sure how to make it all happen. Could they actually live the dream retirement they’ve worked for?
The Approach:
To get answers to their questions, they decided to consult a financial professional.
During their first meeting, the main goal was to help Albert & Susan understand the true costs of their goals, but also prioritize them in a way they were comfortable with.
Their new financial professional was also a big help in getting them set up with an Estate Attorney, so that they could accomplish their biggest goal – leaving a legacy for their family.
Being able to see and understand all of their options removed a lot of worries. They were able to move forward with their plans, confident in knowing that they would be well looked after.
The Direction:
Today, Albert and Susan continue to work with Grabow & Associates team and regularly monitor their plan, updating as new laws and goals are introduced.
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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