A high-income professional in his late 40s wants to make certain he and his wife have the best possible plan in place for a comfortable retirement. He also wants to ensure his three teenage children become productive and independent young adults by the time he retires.
- The professional is in his peak earning years and currently earns an annual salary of $375,000. He plans to work for another eight to 10 years in his current position.
- He and his wife have accumulated approximately $1.2 million in investments, some of which are held in tax-deferred retirement accounts that include company stock of his employer.
- The couple owns income-producing real estate worth approximately $650,000. They own this property outright.
The couple has done limited financial planning in the past, and they are uncertain how to best save and invest over the next 10 years. Further, they haven’t clarified how they wish to spend their time in retirement. Their hope is for C.H. Dean to develop a retirement plan and help them chart a course for their future.