Case Study

JON AND KATHY

RETIREES

AGE:

62 & 65

GOAL:

Optimize their investments for
income, improve taxes, leave a
legacy for their children and
grandchildren.

THE OBSTACLE

Jon and Kathy have both recently retired from rewarding careers and now are focused on their golden years together.

Their goal was to ensure their retirement years are everything they dreamed of and they want to live their best lives. A financial plan that allowed for flexibility, time, and peace of mind was paramount to them feeling organized and in-control.  

 

Having spent more than 30 years with their companies, there were a lot of decisions to be made. Jon and Kathy both had 401(k)’s and pensions, while Kathy had stock options and a deferred compensation plan to analyze. 

 

Having never drawn from their retirement savings, Jon and Kathy wanted to understand — where, when, and how to best use their different accounts to fund their retirement time. Keeping an eye on tax optimization and creating a predictable level of income to fund travel and time with their grand children.

 

 

 

THE SOLVE

We began our meeting taking Jon and Kathy through our whiteboarding process to establish where and how they were invested and what their concerns were. We discussed goals to be able to travel on a yearly basis for leisure and spend the time they wanted with their grandchildren in 3 separate states.

 

  After a joint meeting with Jon and Kathy’s accountant we developed a plan by:

  • We started by gathering all of the benefit documents from both employers and analyzed the proper timing and use

  • Summarized all of the benefits and tax implications associated with each 

  • Developed a risk appropriate asset allocation strategy and income plan

  • Set up a joint meeting with a local trust attorney to develop a legacy strategy

THIS WAS JUST THE BEGINNING

 

 

THE RESULTS

For Jon and Kathy, and all Diazo Wealth clients, we focus on optimizing their financial lives in its entirety — an advantage you can see with our firm.

  1. We were able to establish an income strategy that Jon and Kathy were happy with and would fund their retirement             years well past their needs.

  2. Jon and Kathy could now see their entire financial life in one secure place where they could see all of their assets at a        glance, allowing them peace of mind that all their hard work throughout the years would yield their best retirement

  3. Now that Jon and Kathy had been educated on how to use their assets, they felt far more organized and comfortable 

 

Jon and Kathy now feel like they have an organized and in-control plan. With this partnership their plan continuously evolves and grows along side them as they enjoy their well earned retirement. They did not find a broker or big brokerage firm, they found an agile and involved partner to build their plan and financial life with.

RECENTLY RETIRED OR LOOKING TO RETIRE? WANT CLARITY AND TO FEEL ORGANIZED AND IN CONTROL?

Our first step in our financial planning conversation starts with a 15 minute free phone consultation. This provides both of us the opportunity to make sure our goals align. Schedule a introductory call here:

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