Defining Goals for a Comfortable Retirement

Case Study – Personal Planning

Like many other couples, our client (an attorney) and his wife (a part-time consultant) saw the importance of planning for retirement, but didn’t know how much retirement income they would need or when they would be able to retire.

While they already owned many financial products when they came to us for professional advice, they didn’t have a clear-cut retirement strategy.

By conducting a threat analysis, we (along with the help of property and casualty insurance agents) identified that their umbrella policy wouldn’t protect them from any lawsuit that might originate from the rental property they owned inside of a self-directed IRA.

After discussing sequence of returns risk when taking distributions from investment accounts during retirement, we implemented a plan to partially mitigate the impact of investment volatility.

We also helped the couple coordinate their finances and make a plan that puts them on track to retire in 10 years with enough retirement income to continue their desired lifestyle. Now, with a cohesive plan in place, this couple can have peace of mind about the future.