Tax-Efficient Retirement Planning
Articles & EducationTax-Efficient Retirement Planning
Articles
Don’t Be A Victim Of The Retirement Crisis
If you think the United States has a retirement crisis, you are not alone. A recent survey found that 79% of...
Artificial Intelligence’s Influence on the Investing Landscape
In 1999, Bill Gates wrote, “How you gather, manage, and use information will determine whether you win or lose.”...
Preparing to Send a Child to College? Don’t Forget These Important Topics
Sending a child off to college is a major milestone for any family, whether you’re a parent, grandparent, or close...
Should I Help Pay Off My Child’s or Grandchild’s Student Loans?
Helping Pay Off Student Loans of a loved one’s debt can indeed be a generous gesture that demonstrates care and...
Do You Know About the New Filing Requirements for Small Business Owners?
If you are a small business owner—or plan to be one—you should be aware of a new reporting requirement. The Corporate...
Ten Common Estate Strategy Mistakes You Should Avoid
Legacy preparation can play a key role in any financial strategy. Legacy management lets you consider what happens to...
Retirement Planning Case Studies
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.
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.
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.)