CASE STUDIES

Pat and Teresa:
From Frustrated to Financially Content

Pat and Teresa
Recreative Vehicle Vector
Jeff and Pam Gary and Helen Pat and Teresa
Pat and his wife were heading towards retirement. They had fired their previous advisor because he always “knew better” and didn’t listen to their concerns, which made them uncomfortable. They were searching for an advisor who was not only competent, but with whom they could have a good rapport.

Goals

Pat’s background was in marketing and branding. His wife had worked for a brokerage firm early in her career, so they had some idea of what they were looking for, but didn’t consider themselves experts by any means.

Tax strategy was high on their list of priorities for their financial plan. They knew that decisions based on flawed or incomplete knowledge could drastically reduce their retirement income and quality of life.

Challenges

Pat and his wife found themselves heading towards retirement without a clear financial plan. They were intimidated by the prospect of having zero income and were unsure of how to handle their savings and protect them from taxes.

They began attending educational seminars about gearing up for retirement. That’s when they met their current financial advisor.

His teaching style and personality resonated with them, and out of the three advisors they were interviewing, chose him to be their partner to help plan their retirement.

Approach

Pat and his wife had specific criteria for who they wanted to work with.

Their new financial advisor had to be on the cutting edge of new tax regulations, fiduciary (have their best interests at heart), and be approachable enough to have open and honest conversations with them.

Seeing these traits in their current advisor was what prompted them to hire him.

He calmly walked them through worst-case scenarios based on what they had and how they planned to live. He explained how they could develop a plan to mitigate those risks, and helped them develop the long-term plan they were looking for.

Results

Now, Pat and his wife are in the full swing of enjoying their retirement.

When they debated on moving to another state for family reasons, their advisor showed them how they could achieve it without undue damage to their finances.

The advice they receive is calm and logical, and backed by extensive training, experience and cutting edge information. They know by numbers, not opinion, that they’ll be set for the rest of their retired lives.