Jeff and Christine Sanders are both 51. They have two kids: Their oldest in college, the other a high school junior
Jeff and Christine have good careers, a nice house and decades of saving behind them.
When they first contacted Know My Plan they had:
- 401(k)s from three different employers
- A brokerage account Christine’s dad helped her set-up years ago
- A 529 plan they hadn’t contributed to in many years
- Some stock options Jeff didn’t fully understand
They weren’t in trouble, but they didn’t have any structure in place, and definitely no confidence in their financial “plan.”
“We feel like we’ve done a decent job saving money. We just don’t know what it all adds up to, or if it will be enough?”
They weren’t in need of a full reset. They just needed someone to pull it all together.
Soon after becoming new clients, we helped this couple:
- Consolidate their 401ks and open new IRAs
- Establish a retirement plan with actual dates and goals (real numbers)
- Restart the funding of their kids 529s that added would allow for some future tax-deferred growth potential
- Add Jeff to Christine’s original brokerage account and begin consistent allocations for future financial flexibility
- Start making decisions from a place of clarity and purpose, not random decision make and confusion
They didn’t need more hustle. They needed structure.
If your financial life feels like it’s “mostly okay” but not clearly aligned… Let’s change that.
You’ve worked hard to get where you are, now let’s make sure everything’s working together.
We work with high-achieving professionals and if you or someone you’re close to could use our help, please reach you, we’re currently accepting great new clients.
**Know someone who’s quietly wondering the same thing? Feel free to forward this their way. Sometimes the biggest relief is realizing you’re not the only one asking the question.
Have a great weekend,
Nic
This is a hypothetical situation based on real life examples. Names and circumstances have been changed. The opinions voiced in this material are for general information only and are not intended to provide specific individualized investment, tax or legal advice for any individual. We suggest that you discuss your specific situation with a qualified, legal advisor and financial advisor. . Investing involves risks including possible loss of principal.
Prior to investing in a 529 Plan investors should consider whether the investor’s or designated beneficiary’s home state offers any state tax or other state benefits such as financial aid, scholarship funds, and protection from creditors that are only available for investments in such state’s qualified tuition program. Withdrawals used for qualified expenses are federally tax free. Tax treatment at the state level may vary. Please consult with your tax advisor before investing.
