1: Creating A Plan

THE CHALLENGE
Carlos and Maria don’t have a set retirement date and are not sure when they can retire.

Carlos is a supervisor with the Department of Homeland Security, and Maria is a teacher. Both are in their mid-careers, and while they’ve been doing a lot of things right:

• Creating a high six-figure household income
• Maxing out their TSP and 403(b)
• Purchasing life insurance

With the arrival of their first child, Carlos and Maria feel like they need a comprehensive financial plan.

They admit…they don’t know what they don’t know.

As their family grows, they want an expert to help them make strategic decisions with their money. They also want help navigating taxes and investments.

THE APPROACH
Carlos and Maria weren’t sure where to begin, which is why they pursued professional help from a financial planner. But they knew that they wanted a clear retirement date, to reduce taxes, and they wanted to know how much they should be saving for their child’s college education.

Also, they’re busy, so they wanted to take some of the stress/work off their plate and hand it over to a professional.

THE RESULTS

A comprehensive plan was put together that met all their needs:

• A tax-efficient investment strategy to reduce risk and improve returns.
• A clear path for how they could retire at their desired retirement age.
• A funding strategy for their child’s 529 account.
• A tax-efficient IRA funding strategy.
  

Carlos and Maria now enjoy the peace of mind that comes from a clear financial plan.

They have more energy and mental space to dedicate to what they enjoy — knowing they have a plan in place to help them accomplish their life goals.

Note: The above case study is hypothetical and does not involve an actual Create Your Path 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 a certain level of results or satisfaction if Create Your Path is engaged to provide investment advisory services.