Who we work with: My team and I focus on helping high-achieving families work towards long-term financial success. Of course every family looks a little different, but a view from the top, we’re often working with families that earn household income $250k+, have multiple kids, a dog, busy schedules, and want to shed the stress and worry of “Are we doing a good just setting ourselves up financially?”
Our ultimate goal: To get families on a confident path that balances accumulation for the future while living a life of meaning and purpose today.
10 years ago, I met with people who wanted to retire comfortably at 65.
5 years ago, I met with people who wanted to be financially independent at 55.
Today, I am meeting with people who are financially independent at 45 and they are trying to figure out what is next:
- Can we retire with kids in high school?
- What are we going to do for healthcare for 20 years before Medicare?
- Are we doing a good job saving and investing, how will we turn this into sustainable monthly income?
Consistent theme – ONE: Employees with large stock-based compensation tied to the hottest sectors. Parabolic returns on restricted stock units (“RSUs”) have many moving at warp speed toward becoming financially independent.
However, “Trees do not grow to heaven.”
Our message: If you’re financially independent because of parabolic returns from your employer stock (or any individual security), you need a real game plan yesterday, and imply “letting it ride” is actual gambling.
- Do you have to sell ALL your stock? No.
- Should you? Maybe?
It’s one thing to be financially independent on paper. But please trust me, I’ve seen it, it’s a tough pill to swallow watching that once perceived financial independence vanish in real life.
Consistent theme – TWO: This house no longer fits us, but we LOVE the lot, the neighbors, neighborhood, the mortgage rate, and everything about the location. Can we do anything to make it work?
We are literally (no hyperbole) having this conversation weekly. The mid-40s family home reno conversation. You bought the house in your 30s, it’s double in value, your rate’s <4%, you’re making more money than you ever have, life’s busier than it’s ever been, the idea of moving makes you sick but the house just doesn’t fit anymore.
If either of these situations are familiar, this week’s email was written for you. Call us and let us help you map out a financial plan designed to help reduce your anxiety and stress and sets you on a confident path to do and enjoy the things you want to do.
Maybe it’s remapping your RSUs or maybe it’s knocking down some walls. Let us help you build the financial structure behind it.
–Nic
