Planning for Retirement

Laura, 58, & Steve, 60, are getting serious about retiring while they are healthy to travel, spend time with family, & go hiking in their favorite national parks.

Main Concern

They aren’t sure if they’ve saved enough to support their ideal lifestyle and are worried about building a reliable income from their investments that can weather volatile markets.

Planning Details

Laura is an executive in the healthcare field & Steve is a civilian federal employee who had a past career in the military.

They have 2 adult children who live outside of Ohio and are hoping for grandkids someday.

They’ve saved $850,000 in retirement accounts and Steve has a military pension of $40,000 and will have a civilian pension.

How We Helped

  • Built a financial dashboard so they could clearly see what’s happening with their finances.
  • Together, we painted a detailed picture of what their ideal retirement might look like and what it would cost.
  • Realigned their retirement investments to balance growth with some conservative assets to use when the market is down for peace of mind.
  • Optimized a withdrawal strategy from their retirement accounts and Steve’s civilian pension to ensure their savings last throughout retirement.
  • They established a travel budget to plan and save for desired trips without compromising their long-term financial security.
  • Simplified their number of investment accounts, reducing fees and making management easier.
  • Reviewed life insurance coverage to protect Laura given that Steve’s military pension only has a 55% survivorship provision.
  • Revised their estate plan to ensure their assets are distributed according to their wishes and to provide for their future potential grandchildren.

Their Outcome

Retiring Successfully

Laura & Steve confidently pulled the trigger on their early retirement goal with Laura retiring at age 60 and Steve retiring at age 62.

Investing With Confidence

They have peace of mind knowing that they have an investment strategy and financial plan that affords them regular trips to visit family and national parks.

Reducing Taxes

They’re relieved to have a withdrawal strategy that minimizes their taxes while ensuring their retirement savings last.

THESE CASE STUDIES ARE HYPOTHETICAL AND DO NOT INVOLVE ANY ACTUAL SRFP CLIENTS. NO PORTION OF THIS CONTENT SHOULD BE CONSTRUED BY A CLIENT OR PROSPECTIVE CLIENT AS A GUARANTEE THAT HE/SHE WILL EXPERIENCE THE SAME OR CERTAIN LEVEL OF RESULTS OR SATISFACTION.

Retire With Confidence &
Live Your Ideal Lifestyle

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