Financial advice for people like you.

Client: Ashley

Age: 30

Position: Medical Sales Account Executive

Primary Goal: Get her financial house in order, start a financial plan, begin developing good habits with money

The Situation

Ashley is a young account executive with 7 years of experience. Her career is starting to take off in the medical device industry. As a result, her income is increasing significantly from her bonuses. She’s unsure how to best utilize her discretionary income.She’s contributing to her 401(k), and has saved money over the years in various accounts. Unfortunately, she has no idea what investments are best for her. One of her major goals is to buy an investment property to receive passive income. Ashley has done a great job with her finances. She owns a home and has kept debt to a minimum. She also keeps her monthly expenses fairly low.

The Approach

As her income continues to grow, Ashley wanted an expert to help her to best utilize her income to meet her financial goals. In addition, she wanted guidance on where to invest. Most importantly, her successful career demands a lot of her time so she doesn’t have time to do the necessary research.

The Results

Ashley was excited to get started working with her very first financial advisor. Someone who would understand her industry and career demands. Ashley’s comprehensive plan implemented the following:

Consolidation of multiple accounts established over the years for simplification
Gave direction for her 401(k) investments as to where to invest
Created a plan to automate the discretionary income from her bonuses
Thorough review of workplace benefits and what to take advantage of
Established a cash reserve for emergencies
Created a dedicated account for current and future investment property purchases

Now Ashley has a clear picture of how much she needs to save for her future. She’s on track to save for retirement and purchase an investment property. The best part is she can concentrate on her career without worrying about money.

Clients: Paul and Jennifer

Ages: 45 and 44

Positions: Medical Equipment Sales Director and Homemaker

Goals: Get spending under control, rollover old 401(k), start saving for college, develop a strategy for stock grants, save on taxes where possible

The Situation

Paul and Jennifer have been married 20 years and have three children. Paul has an established career as a sales director for a medical equipment company. Jennifer is a stay at home mom and volunteers. Their biggest concerns are lack of time and out of control spending. With a busy career and demands of a family there never seems to be enough time to deal with their financial goals. Since Paul makes well into the six figures, spending has become an issue as well.

Paul has had a 401(k) from a previous employer just sitting in cash, and knows that he needs to act soon. He also has no strategy for his company stock grants and is concerned about taxes. Jennifer is worried that they have not started saving for their children’s college. Paul has and old life insurance policy with a significant cash value and is not sure what to do with it.

Paul and Jennifer have saved significantly toward retirement and own a nice home in an upscale area. Due to their lack of time, their investments have been neglected and there is no plan for college or Paul’s stock grants.

The Approach

Paul and Jennifer were in desperate need of someone to help them leverage their assets, their time and offer suggestions to control spending. They knew they wanted to get Paul’s 401(k) rolled over and investment properly. Jennifer wants to establish college funds for the kids. They were just not sure where to start.

The Results

Paul and Jennifer were so pleased that they finally have a plan for reaching their goals and someone to hold them accountable. Paul and Jennifer’s comprehensive plan implemented the following:

Completed a rollover of former employer’s 401(k) and invested appropriately
Created a plan to automate savings and making it a priority so it doesn’t get spent
Analysis of cash value insurance plan as well as current insurance needs
Developed an annual strategy for Paul’s stock grants, taking taxes into consideration
Started college savings for their three children
Tax planning and invested in tax advantaged investments

With the current financial plan in place, Paul and Jennifer now have their retirement investments on track and college funds established. There is now a clear strategy for Paul’s stock grants and a plan to get spending under control.

One of their favorite time savers is having their investments and financial plan on their phones so they can refer to them anytime.

Client: Thomas

Ages: 58

Position: Pharmaceutical Sales

Goals: Save for an early retirement, minimize taxes, and make sure he is doing everything possible to maximize wealth, get better educated on his money

The Situation

Thomas has been a successful pharmaceutical sales executive for more than 25 years. He is thinking about early retirement between 60 and 65, but he’s not sure if it can be done or where the money will come from. He knows he needs some help putting it all together.

Thomas has done a fantastic job saving for his future. His 401(k) has a large balance and he has significant investments at a couple of brokerage firms. Thomas is almost debt free and should have his home paid off in 2 years. Thomas also has some company stock through his ESPP and would like to use these funds as well.

The Approach

As he approaches retirement age, Thomas wanted to figure out how all these investments would create an income for the rest of his life. He wants to know what age he can retire early and how much he can spend without outliving his money.

The Results

Thomas was thrilled to discover that he could retire right away and with enough income from investments to enjoy some travel. Thomas’ comprehensive plan implemented the following:

Retirement analysis indicated Thomas could retire now with the income he desired
Consolidation of investment accounts with an income strategy vs the aggressive growth investments he had
A plan to execute his sale of company stock taking taxes into consideration
Completed a rollover of his 401(k)
Updated wills with durable power of attorney and medical directives

Thomas decided to retire even earlier than he anticipated. He now has enough money to live and travel every year. His anxiety over not having a paycheck have been alleviated with his financial plan.

Working with an advisor should be simple.

A simple 3-step process to getting started:

Schedule a Get to Know call

This is a short call for us to get to know each other. We will go over all your questions and wishes for the future.

Meet with David

In this meeting, I’ll share how I work with clients and what you can expect as a client. We will also decide if we are a good fit.

Think it over

After our meeting, I’ll send you an email summary of our call outlining all the details. I’ll also ask you to simply think it over.

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