Case Studies
From Disciplined Saving to Retirement Travel
Have we saved enough to Retire and Travel?
Their Goals
Julie and Rob, both nurses with decades of experience, wanted clarity on whether they were on track to retire in four years. Though they both had in-demand jobs, they knew that it wouldn’t be easy to “undo” their retirement decision and jump back into the workforce. They wanted help mapping out a retirement timeline, ensuring they weren’t overpaying on their taxes, and the confidence of knowing they could retire with enough money to maintain their lifestyle and indulge their dreams of travel.
The Challenge
Though Julie and Rob had worked with an advisor in another state for years, they were frustrated that he didn’t have a succession plan for his own retirement and wasn’t able to answer their tax questions. They sought someone responsive and local who could explain complex financial concepts clearly.
While they had been diligent savers throughout their careers, Julie and Rob faced several key concerns:
- Uncertainty about translating their savings into reliable retirement income
- Worry about tax efficiency in retirement
- Need for clear guidance on their retirement timeline
- Desire to maintain their lifestyle without the security of regular paychecks
- A strong desire for a long-term partnership with a local advisor who would be accessible for their whole retirement
Our Approach
Matt took time to understand Julie and Rob’s specific situation, explaining options clearly and breaking down complex concepts into understandable steps.
He developed a comprehensive plan that addressed their concerns about tax efficiency and retirement income by:
- Creating detailed tax strategies their previous advisor hadn’t explored
- Developing a clear plan for generating retirement income from different accounts
- Breaking down complex financial decisions into understandable steps
- Providing specific guidance on positioning their various assets
- Including their whole family’s financial future by helping set up Roth IRAs for their young adult children
The Goal
Help give Julie and Rob confidence in their retirement timeline and a clear path forward. Our collaborative approach aims to provide:
- A concrete plan for transitioning from their nursing careers
- Clear strategies for tax-efficient retirement income
- Understanding of how different accounts work together
- Quick access to expert guidance when questions arise
- Peace of mind about their retirement timeline
- A way to extend their financial wisdom to the next generation
Hypothetical scenario disclosure: All content is for information purposes only. It is not intended to provide any tax or legal advice or provide the basis for any financial decisions. Nor is it intended to be a projection of current or future performance or indication or future results. The information provided is not based on actual current or past clients. All situations are unique, and results will differ depending on individual situation.
