Timothy, age 49
Primary goal: Work with a financial advisor who isn’t salesy, knows their stuff, and can help him understand how to maximize his money.
After a long and accomplished career at Qualcomm, Timothy was ready to start thinking about retirement.
He currently holds a variety of investment accounts, including a 401k from his employer, an ESPP, multiple brokerage accounts, and a large sum of money from an inheritance.
Timothy has 2 adult children (one finishing up college) and 1 grandkid. Timothy lives modestly, owns his home and car outright, and looks forward to spending more time with his friends and family in retirement.
The Challenge:
Timothy has always played it safe. He invested conservatively, preferred cash, and stayed out of debt. But, Timothy is now worried that he played it a little too safe and the value of his money was stolen by inflation. 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 Timothy was weary of advisors after dealing with an overly-salesy advisor a few years back who did not have his best interest in mind.
After Tax Wealth Management’s Solution
After meeting with a few financial advisors in his area, Timothy 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.
Value to the Client:
In collaboration with Timothy’s CPA, he was able to:
Establish a retirement timeline that included future financial changes (Social Security & Medicare)
Organize his assets so he knows he has enough money to fund what matters most
Reduce potential taxes through charitable strategies and systematic sale of his stock options
Maximize the effectiveness of his savings during his remaining working years
Create a reliable income stream
In the near future, he will be able to fully embrace retirement and his role as a grandparent.
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.