William & Margaret Anderson

Wondering if they have enough saved to replace monthly spending & hobbies when retired

Who They Are

William (59) is a senior operations manager at a manufacturing company, earning $135,000/year with an annual bonus of approximately 10%.
Margaret (57) is a stay-at-home spouse who previously worked as an elementary school teacher for 15 years before leaving the workforce to raise their children.
They have been married for 34 years and live in a suburban home they purchased 22 years ago.
They have three adult children: Christopher (32) who is married with one child, Elizabeth (29) who works as a marketing executive, and Andrew (26) who recently completed graduate school.
William’s mother (88) lives in an assisted living facility, and they contribute to her care expenses.
Margaret’s parents have both passed away, and she received a small inheritance that they’ve invested.

Client Profile

Our clients come in all shapes and sizes with varying income levels, unique challenges, and different goals. We offer customized planning for each client based on individual circumstances.

Financial Situation

Annual income: $135,000 plus approximately $13,500 in bonuses
Retirement savings: $1.1 million across 401(k), IRAs, and a small brokerage account
Home value: $520,000 with $85,000 remaining on mortgage
Additional assets: Small rental property worth $225,000 with $60,000 remaining on mortgage
Emergency fund: $55,000
Outstanding debt: $145,000 in mortgages, $12,000 car loan
William has a pension from his company that will pay approximately $3,200/month at age 65
Margaret has a small teacher’s pension from her previous employment worth about $950/month at age 65
Both will be eligible for Social Security benefits, though Margaret’s will be reduced due to fewer working years

Retirement Goals

William plans to retire at 63, in about four years
They want to maintain their current lifestyle in retirement
They hope to travel more, particularly to visit their children and grandchild
William wants to pursue his hobby of woodworking and potentially sell handcrafted items
Margaret is interested in volunteering at the local library and community center
They want to spend winters in a warmer climate but aren’t sure if they should rent or buy
They hope to help with their grandchild’s education and future grandchildren
They want to leave a legacy for their children while enjoying their retirement

Financial Concerns

Worried about healthcare costs before Medicare eligibility
Concerned about having only one primary income throughout most of their marriage
Uncertain about the optimal time to claim Social Security benefits, especially for Margaret
Want to ensure they can help their children and grandchildren while securing their own retirement
Concerned about potential long-term care needs for themselves and William’s mother
Unsure about the most tax-efficient way to draw from retirement accounts
Worried about market volatility affecting their retirement savings
Concerned about outliving their money, especially with their family history of longevity
Uncertain about whether their current savings are sufficient given their single-income household

Questions They Have

Are we on track to retire when planned while maintaining our current lifestyle?
How should we coordinate our pension benefits with Social Security?
What’s the optimal time for each of us to claim Social Security, especially considering Margaret’s limited work history?
Should we pay off our mortgages before retiring?
How much can we safely contribute to our grandchild’s education?
What healthcare options should we consider before Medicare eligibility?
How should we adjust our investment portfolio as we approach retirement?
Should we consider long-term care insurance?
How can we minimize taxes in retirement?
Should we sell our rental property before retirement or keep it as an income source?

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William & Margaret Anderson

Wondering if they have enough saved to replace monthly spending & hobbies when retired

Who They Are

Client Profile

Financial Situation

Retirement Goals

Financial Concerns

Questions They Have

Getting started is simple

Our clients

See the types of clients we work with

Bob and Cathy

Jim and Emily

Mike and Patty

Dave and Susan

Bill and Peggy

The Process

How it Works

How we can help

Financial & Retirement Planning

Pension Analysis

Insurance Planning

Business Succession Planning

Estate Planning

Tax Preparation

Who we help

Bob and Cathy

Jim and Emily

Mike and Patty

Dave and Susan

Bill and Peggy

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