Success Stories- Jill & Liam

happy couple walking on the beach

Close to Retirement, Wondering if on Track

 

Main Needs:

Maximize retirement income, wanting to know if on track, set up retirement tax-efficiency. A priority for them is to also leave a legacy for their family.

The Challenge:

Jill and Liam came to us with several tax questions, but their greater worry was whether they were on track to retire. After discussing their situation, it also appeared they would have some planning to mitigate taxes on their upcoming 401ks and IRAs required distributions.

The Results:

After answering their questions, a comprehensive plan was created that takes care of their financial needs:

  • A well-diversified portfolio with higher tax-efficient returns and reduced risk.
  • A tax-plan with tax-sequenced withdrawals and strategic Roth conversions to considerably reduce their taxes in retirement.
  • Tailored insurance and estate plans for their situation.
  • A carefully crafted withdrawal plan to optimize their retirement spending.
  • An enduring inheritance they can leave to their children.
Jill and Liam are now enjoying a great retirement near their family.  They are taking the vacation travel they’ve dreamed of, purchased a second home to enjoy a better climate during part of the year, and have the comfort of knowing that their family’s future is in good hands.