Jeffrey and Katherine
Jeffrey and Katherine want to make sure that their investments are managed in such a way that the growth from their investments and the income from their current salaries will allow them to retire when Jeffrey reaches age 60.
Jeffrey is an executive at an established, privately-owned technology company, and Katherine has recently re-entered the workforce after having stepped away from her law practice to stay home with their two kids. Jeffrey has a few retirement accounts from previous employers, and Katherine has an old 401k from her previous law firm. Jeffrey’s current employer has a profit sharing plan and a 401k. Katherine, as owner of her own private law practice, contributes to a SEP IRA.
For the past few years they have had an “advisor” who developed a complicated financial plan and devised an asset allocation model for their investments. They’re not completely satisfied with their current advisor. He doesn’t take the time to thoroughly answer their questions, and he seems to not fully understand their investments. Their advisor seems to be a good salesman, but they are not confident that he really understands how to manage investments.
We recommend developing a plan that Jeffrey and Katherine can understand, with clear steps and a straight-forward timeline. The plan includes optimizing their investments for their particular situation, and making sure to take the time to explain our recommendations so that they fully understood what we are recommending and why.
Our recommendation for Jeffrey and Katherine is an investment plan that is tailored for them, backed by decades of academic research, and time-tested in real-life scenarios. We want to make sure that they understand what investments they own and why they own them.
(Note: These case studies are hypothetical, do not involve a client, and should not be construed as a guarantee.)