Simplify Your Life
Situation:
“Dan and Grace”, 62 and 55 respectively, lived busy lives with a two career household while raising and educating four children. “Dan” sold his business but was staying on for 3 years or so during the transition while “Grace” cut her hours to part-time. Then they wanted to plan for the next stage of life. They had many dreams but unfortunately they had not done much planning. Neither claimed to be particularly savvy when it came to understanding investments, insurance needs, tax ramifications, etc. Their goals were to transition out of their current employment by age 66, pump up their current retirement savings to as high as 20% or so of income and travel as much as possible. Another concern “Dan” expressed was making sure “Grace” would have someone to work with who was already familiar with their goals and finances in the event of his incapacity.
Solution:
“Dan and Grace” were typical of the type of clients served by Brentwood Advisory. They were looking for guidance and support from a trusted financial “partner” as they faced life transitions. A comprehensive financial plan established a structure from which they could make adjustments as the future brings change. As part of the financial plan development, implementation and monitoring process, Brentwood Advisory was capable of long-term support for both “Dan and Grace”. What once seemed complicated to them can be simplified by working with Brentwood Advisory. And as Brentwood Advisory had been part of the planning and implementation process, they were knowledgeable about “Dan and Grace’s” financial affairs and could easily step in to assist either one in a time of crisis. This is a major benefit of working with Brentwood Advisory.Making Life Decisions with Confidence In One’s Future: Retirement
Situation:
“Joan” was 64 and divorced. She diligently saved money over the years by watching her “pennies” and had monitored her own investments for most of her life. She had no debt except for her home loan which she planned to pay off before retiring. As “Joan” was overwhelmed with the many facets of planning a successful retirement, she wanted someone to review and evaluate her current situation and assist her with her life changing decision to retire. There are many retirement decisions to make such as developing an income stream, providing for medical coverage and long-term care, finding investments to maintain purchasing power but at lower risk, projecting the tax ramifications of using deferred investments, carving out funds for charitable giving and more. She was looking for someone to discuss these decisions with, add value, and then help her monitor her plans over time.
Solution:
Brentwood Advisory was able to support “Joan” in her decision making process and she was delighted to discover that all her plans should create a positive retirement situation for herself. Brentwood Advisory assisted her with collecting information about her investments, insurances, estate planning, banking, employer plans, etc. In addition to helping her develop a comprehensive financial plan that outlines and supports her goals for the future, Brentwood Advisory also helped her develop a retirement income plan. “Joan” felt she had viable answers to all her concerns. Although there are many unknowns in the future, she felt she would be able to retire within her personal timeframe goal. Further, Brentwood Advisory would be regularly monitoring the implementation of her plans. “Joan” has a financial “partner” in Brentwood Advisory to help her address issues as they arise.Coordinated Approach Using a “Personal CFO”
Situation:
At ages 53 and 51, “Sally and Bert” were proud of the home they lived in, enjoyed a comfortable living on incomes from successful professional careers, their two children had graduated from college and they were looking forward to fitting in more travel. Although capable of taking care of their financial affairs, many aspects were getting more complicated and “Bert” was beginning to find it time consuming. Bert had always handled everything but he was looking for a professional to assist him and take away some of the burden. In addition, they had started to look at long term goals and plans for transitioning into their retirement years.Solution:
Brentwood Advisory was able to support “Sally and Bert” by working with them to develop a comprehensive financial plan, then helping them with its implementation. Further, the long-term monitoring of the plan by Brentwood Advisory minimizes the time burden for them. In addition, Brentwood Advisory was able to assist them with the coordination of their professional support team members in the areas of investments, insurances, estate planning, tax ramifications and other financial circumstances. Although the future may always bring change and surprises, “Sally and Bert” have a financial “partner” in Brentwood Advisory to assist them in addressing those issues.