Tax-Efficient Retirement Planning

Articles & Education

Tax-Efficient Retirement Planning

Articles

Retirement Planning Case Studies

Approaching Retirement Fee-Only Plan

Approaching Retirement

Case Study #1

After long careers where they have been putting money away for someday, Steve and his wife Sara began wondering if they have enough for retirement and what retirement could look like.  Their brief conversations around retirement have revealed that they happen to have different ideas on what retirement means to each of them.

They both have 401k’s from different employers as well as Roth IRA’s that they have been contributing to the past 8 years.  Sara also has a pension from her most recent employer and an inherited IRA from her mother.  They both are concerned about Social Security running of money and how to coordinate all of this.

Fee-Only Retirement Planning by CFP Brian Bickett

Retired Without A Plan

Case Study #2

Mark and Linda both recently retired from rewarding careers and are looking forward to their many plans for the future.  

They want to ensure that their retirement plan not only enables the lifestyle they have envisioned in retirement but that they have a plan to make sure they never run out of money.  

They recognize that reducing taxes, improving investments, and creating a reliable income stream in retirement is their priority and would like a fiduciary advisor to help them going forward so that they can focus on their version of retirement.

Fee-Only Retirement Planning for Widows by CFP Brian Bickett

Recently or Unexpectedly Widowed

Case Study #3

Robert and Susan were high school sweethearts and she never thought there would be a day without him there to share more memories, let alone to help guide her through difficult and often confusing financial decisions.

Once the dust began to settle and the children had returned to their homes, Susan recognized that she could use some help sorting through her options and understanding which of those made the most sense for her situation.  Robert’s passing instilled in Susan a focus on making the most of each day she was blessed to experience and a strong desire for a flexible plan going forward.

(Note: These case studies are hypothetical, do not involve actual Iron Mountain Financial Planning clients, and should not be construed as a guarantee.)