John and Susan
Work Optional
Meet John and Susan - a couple who have worked hard throughout their careers and are now nearing retirement age.
While they enjoy their work and find it fulfilling, they also want to be work-optional and have the freedom to choose when they work and when they don't.
As they approach retirement, John and Susan have a lot of questions and concerns about their financial future.
Case Study - Age 55 & 53
Will we have enough money to maintain our lifestyle during retirement?
Are we saving enough for retirement?
Will our retirement savings last as long as we need it to?
How can we minimize taxes during retirement?
Can we retire earlier than planned or become work-optional?
What is the best way to manage our retirement accounts?
How can we maximize our Social Security benefits?
What types of insurance do we need to consider?
How can we plan for unexpected expenses or emergencies?
How do we ensure our estate is properly managed and distributed?
That’s where we come in.
Conduct a thorough review of their current financial situation, including assets, debts, and expenses, to determine if they are on track for their retirement goals.
Develop a comprehensive retirement plan that outlines how much they need to save, when they can retire, and what lifestyle changes they may need to make to reach their goals.
Create a tax-efficient investment strategy that balances risk and reward, with an emphasis on minimizing taxes both now and in the future.
Implement a diversified investment portfolio that aligns with their goals and risk tolerance.
Review and potentially revise their estate plan, including their wills, trusts, and beneficiary designations, to ensure their assets are distributed according to their wishes.
Consider different retirement income strategies, such as Social Security optimization, pension maximization, and annuity options, to generate a reliable stream of income in retirement.
Regularly monitor and adjust their financial plan as their goals and circumstances change, to ensure they stay on track for their retirement objectives.
John and Susan connected with Long Planning, and developed a plan. Not just for income, or taxes - but for all things work, leisure, and retirement. Collectively, a comprehensive plan was created to meet all of their needs:
John and Susan now enjoy the peace of mind that comes from having an organized financial plan. Instead of worrying about the particulars, they can enjoy working as long as they want - knowing their future is secure when the time is right.*
Case Study 1 - Work Optional
Why Long Planning
What you get:
Fee-only Fiduciary: We are legally bound to act in your best interest, providing you with unbiased and objective financial guidance
Specialized Approach: We specialize in working with tax-sensitive retirees, successful professionals, business owners, and work-optional clients.
Tax Optimization: We provide strategies to help you minimize your taxes over your lifetime, not just in a single year.
What you don’t:
Commission-based influence: We are only compensated by our clients, not banks or third parties.
Stale Advice: We take the time to understand your unique financial situation and create a personalized financial plan that meets your specific needs.
High-Pressure tactics: We will partner with you to help grow and preserve your wealth for a lifetime, not just for today.
Ready to get started?
*Note: The above case study is hypothetical and does not involve a real long planning client. No portion of the content above should be construed as a guarantee of the same experience or level of results if Long Planning is engaged to provide investment advisory services.