Case Study:  Shifting Gears Into Retirement

Case Study:  Shifting Gears Into Retirement

A Couple Finds Wealth and Happiness Close to Home

 

Tom & Elizabeth Sherwood contacted Wealth Management Solutions in May of 2015.  Tom was a Director of Technology for a large bank and Elizabeth worked for the Arizona Diamondbacks back office as a travel coordinator. Tom and Elizabeth were about to retire, and they needed help with the 401(k) accounts they had saved up for the last 20 years. Spending time with their children, and their grandchildren, was beginning to be much more attractive than heading into work each day.

 

Now that Tom and Elizabeth were at retirement's doorstep, they had been thinking about all of the changes and choices available to them when they stopped working. The four main issues they needed guidance with included possibly paying off their mortgage, maintaining their current lifestyle, travel more often now that their schedules were freed up, and possibly keeping their second home - at least for a few more years.

 

 

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Case Study:  A Young Man Inherits His Share

Case Study:  A Young Man Inherits His Share

Income of $70,000 leads to a 45% tax hit

 

We were introduced to Michael Wilder, a 34 year old who had inherited his share of his grandparent’s estate within the last year. Under the ownership of his Grandfather Russ Wilder, the portfolio held mostly Master Limited Partnerships (MLP’s) which provided a stream of income in retirement. Obviously, this had not been the entirety of Michael’s grandfather’s holdings, but this was the account and portion that Michael had inherited – close to $1.5Million.

 

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CFP Phoenix and Scottsdale are Fiduciary Financial Advisors fee-only investment management and Financial Planning advice to retirees, divorcees