Brian & Susan, 57 & 53
Primary goal: reduce taxes, improve investments, and preserve their wealth effectively
The Challenge:
Brian and Susan recently retired from rewarding careers and are excited to enter their “golden years.”
They have several goals for their retirement, which include their dream European vacation, ensuring they stay work optional, and leaving a legacy for their family that they can be proud of.
Brian and Susan had played their cards right throughout their careers by:
Generating high incomes
Maxing out retirement vehicles and other investments
Building sizeable equity in their real estate portfolio
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?
After Tax Wealth Management’s Solution
To get answers to their questions, they decided to consult a financial professional who also could help do their taxes, since their current preparer just retired.
During their first meeting, the main goals were to help Brian & Susan understand:
- Their current tax burden and ways we could reduce the tax bill
- Their cash flow and lifestyle, and a plan to ensure they can maintain their standard of living
- How to get their family involved through intergenerational wealth transfers
- How they can maximize retirement benefits and eventually prepare themselves for long-term care planning
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.
Value to the Client:
Today, Brian and Susan are having the time of their lives. They ended up taking that lifelong trip to Europe, and spend time with their grandchildren every chance they get.
They have the confidence of knowing that their financial plan is sustainable and that he and Susan can relax and enjoy life on their terms.
Their retirement plan is reviewed regularly. Most importantly, new tax laws are being monitored each year to ensure they are taking advantage of any opportunities available to them.
Note: The above case study is hypothetical and does not involve an actual After Tax Wealth Management 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 After Tax Wealth Management is engaged to provide investment advisory services.