Tailored Case Study

Areas of FocusMark and Sam, age 45 and 39, have been married two years. Mark was just hired as a sales manager at a Fortune 500 company and Sam is an attorney. Their combined income was $225,000 last year and Mark’s new compensation package includes stock and bonus that will push it higher. They are starting to imagine their retirement that will include a lot of travel to see family in the U.S. and to other countries. Mark and Sam want to purchase a bigger home in the next 2-3 years and turn their current townhome into a rental property. Their investment portfolio has grown considerably since the financial crisis of 2008-2009 but they are concerned they are taking too much risk and want some help investing what they have. They paid more than $5,000 on last year’s tax return and worry they are not taking advantage of their deductions. Their Planner presented a comprehensive financial plan to address their retirement and investment questions and to plan for their complex employer benefit plans. Even though they had adequate term life insurance policies on each other – the Planner helped them see their needs for disability insurance and they will evaluate the costs of a long-term care insurance policy on each other. They will routinely discuss ways to reduce their taxes with the Planner and their new tax preparer prior to year end. 

Areas of focus: phases 1-4

Income level: typically between $150,000 and $250,000