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How We Helped Mark
Prepare for Retirement

The Story

Mark, a 56-year-old surgeon with a spouse and two adult children – one recently married and the other finishing college.

Their primary residence is on Lake Michigan, and they have a home in Florida.  He and his wife have several 401Ks and IRAs and multiple brokerage accounts spread across different investment firms. They also have a mortgage and two car loans.

Mark hopes to retire at 60 if they can maintain their lifestyle in retirement. He’s been managing their money himself and is now looking for a professional they can trust to manage the portfolio.

The most pressing questions were:

  • Can I retire at 60?
  • When and how should our debts be paid off?
  • What is the best way to consolidate our investment accounts, and how can we take advantage of any tax saving strategies?

The Challenge

  • Mark is a busy physician looking for a clear retirement timeline
  • They are carrying debt and are unsure which financial path is best for their family
  • Mark is not sure how to transition from working and saving to living off their investments
  • They are looking for a firm that can coordinate and manage their entire financial picture

Our Approach

We helped Mark get control of their financial future by:
  • Creating a plan to pay off debt while investing their savings
  • Establishing a retirement timeline with a transition plan - from working to retirement - that provided a steady income stream to support their lifestyle
  • Organizing and managing thier financial picture to reduce taxes and maximize investments

Mark’s Results

Mark now feels confident he can retire at 60 with a well thought out, coordinated approach to pay off debt, manage investments, reduce taxes, and organize their estate.

After working with Mark, he now has:
  • Established a retirement timeline to retire with the ability to maintain their current lifestyle
  • A plan to start Social Security to maximize their benefits and an income stream to fund the first few years of retirement before Social Security and Medicare begin
  • Fully coordinated financial picture, which includes their investments, a proactive tax strategy, and an organized estate plan
  • A long-term partnership with a professional team that will take care of the details

The above hypothetical example story is for illustrative purposes only and should not be construed as a recommendation.
It does not involve an actual client and may not be representative of your experience.

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