Family Case Study:

Helping a Household Experience Multi-Generational Wealth

Robert and Jacqueline embody the American Dream: A happily married couple earning a combined $550,000 with two children in elementary school. However, they find themselves challenged by balancing multiple priorities, wanting to maintain their current lifestyle, a cloudy outlook on future expenses and an incomplete estate plan.

Their Opportunities

How We Could Help

Their Opportunities:

The Opportunities A better understanding of their financial situation.

How We Could Help:

How We Could Help: Conduct a top-to-bottom assessment of their income, liabilities, assets and expenses.

Their Opportunities:

The Opportunities Buying a Second Home

How We Could Help:

How We Could Help: Set a purchase budget that would not affect other goals.

Make a dedicated brokerage account with the goal of accumulating a 20% down payment in five years.

Their Opportunities:

The Opportunities Financial Independence

How We Could Help:

How We Could Help: Re-allocate assets within retirement accounts to better align with their risk tolerance and long-term goals.

Recommend increasing contributions to employer plans and implement a backdoor Roth IRA strategy for tax-free growth.

Their Opportunities:

The Opportunities Leaving a Legacy

How We Could Help:

How We Could Help: Work with their attorney to establish a trust to help preserve and transfer assets seamlessly.

Father and son with family dog, playing in the sand.

Reasoning and Rationale:

Holistic investment planning may make prioritizing and achieving multiple goals more likely
Proactive, long-term strategies promote financial stability and flexibility
Customized solutions help establish confidence

Possible Outcomes:

On track to fully fund projected college expenses by the time the children turn 18

Successful purchase of a vacation property within five years without compromising retirement savings

Projected to achieve desired retirement lifestyle by age 65 with a diversified income stream

Tax-efficient wealth transfer to the next generation through comprehensive legacy planning

Whole family and their dog running along the beach.

What Do You Want to Achieve?

Talk With Our Wealth Advisors

This case study is hypothetical and for discussion purposes only. Client names and images mentioned in above case study are also hypothetical in nature and do not represent any actual client. It is not intended to represent any specific return, yield or investment. Individual experiences referenced above may not reflect the future experience of any one client. The planning process discussed may not be suitable for your personal situation, even if it is similar to the example presented. Past performance is no guarantee of future results. Investing involves risk including the possible loss of principal.

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