How We Helped Andy and Sarah Prepare for Retirement

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How We Helped Andy and Sarah Prepare for Retirement

I am sharing this short story because I think the term “financial planning” is very abstract and doesn't capture what you actually receive from working with a financial planner.

Hopefully, this example will shed some light on the type of work financial planners actually do. This story is a hypothetical because all of our client conversations are confidential.


Andy is 61 years old and Sarah is 55. They want to:

  1. Optimize their finances
  2. Develop a tax reduction strategy
  3. Make the right decisions around retirement

Why They Partnered With Us

Andy and Sarah don't have a retirement date. In fact, they seldom discuss the topic of retirement.

Andy is a Project Manager at a large engineering firm and Sarah is an Opthalmologist. They both enjoy their careers and feel they need to stay busy, yet feel like they may be getting burnt out.

They have been doing all the right things - (1)  maxing out their retirement plans, (2) living well within their means, (3) and protecting themselves with an estate plan.

However, they wonder if they are missing anything. They both know finance can be complex and admit they don't have all the answers. As they approach retirement and beyond, they want an expert to help them make strategic decisions with their money. While they feel like they could probably continue as is for another five years, they want answers and options now.

After interviewing many advisors, they partnered with us because of our rapport, credentials, and specialty in retirement planning. Further, they are VERY busy and don't want to be even more swamped trying to figure everything out on their own.

The Outcome

When Andy and Sarah decided to hire us, they were concerned about more than just their investments. They wanted help with their entire financial life.  We consulted with their professional team (CPA, estate attorney) to build the foundation of their financial plan to address all their needs:

  1. A tax-efficient investment strategy, which reduced risks and internal costs
  2. Improved asset allocation to better align with their goals
  3. Reduction of taxes through Roth Conversions, proper Social Security timing, charitable giving, etc.
  4. Ensured their estate planning needs were current and designed as intended
  5. Reviewed different possibilities around part-time work, travel, and overall life in retirement
  6. The best part - we found out they could spend more than they thought in retirement!

At the end of the day, they felt better. They had clarity, direction, and peace of mind. They are now armed with the information to make the decisions that are best for them.

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