LOOKING FOR ADVICE

Looking for Advice

Many of our clients come to us with similar circumstances and concerns. To help you understand how we work together with our clients, we’ve put together sample client profiles. These profiles aren’t all inclusive and any advice would be tailored specifically to each client’s situation.

RECENTLY DIVORCED

RETIRED

NEED WITHDRAWAL FROM INVESTMENTS PRIOR TO RETIREMENT
widowed

RECENTLY WIDOWED

DO-IT-YOURSELFER

CHANGING JOBS

Recently Divorced

GOALS

Someone who is preparing for or recently divorced; needs to understand financial impact and create financial plan for the future.

CONCERNS
  • How do I best handle spousal settlement that includes receiving part of their retirement account?
  • How do I re-prioritize and adjust my financial plan and goals?
STRATEGIES
  • REVIEW options for handling retirement accounts settlements.
  • CREATE financial plan including cash flow and budgetary review and recommendations.

Retired

GOALS

Making my investments last my lifetime while maintaining a comfortable lifestyle

CONCERNS
  • How can my investment keep up with inflation without taking excessive risk?
  • Are there ways I can reduce portfolio volatility to minimize potential losses during market downturns?
  • What impact financially will I have if my spouse passes early?
  • What’s the best way to maximize my retirement income?
STRATEGIES
  • PROPOSE changes to investment portfolio to increase focus on preserving principal while protecting against inflation.
  • Annual distribution PROJECTIONS to show potential impact on investments over expected lifetime.
  • What-if scenario ANALYSIS showing how prepared the household is if a spouse passes early and household income is reduced.

Need Current Income or Withdrawal from Investments Prior to Retirement

GOALS

Ability to take income from investments

CONCERNS
  • What type of accounts should I take my income from and what is the process of taking regular withdrawals?
  • Am I taking too much risk while withdrawing from investments?
  • How do I make my investments last longer?
  • Are there penalties, fees or taxes if I withdraw from my investment accounts?
STRATEGIES
  • ANALYZE needs and recommend plan to fund income needs based on types of investments and accounts.

Recently Widowed

GOALS

Get financially organized and be empowered to make informed decisions for the future.

CONCERNS
  • My spouse was the primary decision maker and now I need guidance to take on that role.
  • Can I consolidate my spouse’s retirement account with my own?
STRATEGIES
  • We COLLABORATE with your attorney and accountant to help understand financial changes and process.
  • CREATE structure in your financial picture and guide you through decisions you are faced with.

Do-it-Yourselfer

GOALS

Do-it-yourselfer who manages their own finances and is seeking professional advice for a second opinion on financial and investment decisions.

CONCERNS
  • Should I make changes to my investment portfolio? Am I taking the right amount of risk?
  • Do I have all the right pieces in place to retire when and how I want?
  • Can I receive advice without paying an advisor to manage my investments?
STRATEGIES
  • CREATE a financial plan and provide action steps including asset allocation advice.
  • IDENTIFY areas of financial risk and specific ways to help minimize them.

Changing Jobs

GOALS

Someone who is recently or planning to change jobs, and looking to understand financial impact

CONCERNS
  • How will my employee benefits change?
  • What should I do with my retirement plan from my prior job?
  • What do I do with the loan against my 401k plan?
STRATEGIES
  • OUTLINE options and pros/cons for prior employer retirement plan.
  • REVIEW and provide guidance on new employer benefit options.

SCHEDULE A CONSULTATION

We begin everything with a conversation – complimentary, casual, and pressure-free. Our goal is simply to get to know you and your ideas, and then determine whether we’re a good fit to help you work toward them.

Thinking about retirement?

  • Understand your retirement readiness with our free RETIREMENT PLANNING CHECKLIST.
  • RETIREMENT IS...