After getting married last year, this couple was ready to start planning their future together. Both were bright, hard-working, and earning significant incomes. While they were committed to saving for retirement and had no debt, they had several shorter-term goals that felt challenging to reach.
How We Helped:
- Defining Life Stages: We worked with them to break down their goals into three distinct life stages, helping them prioritize and tackle each set of objectives one at a time.
- Adaptive Savings and Investment Strategy: We structured their savings and investment plans to evolve over time, ensuring they were using the right accounts and strategies to achieve each goal efficiently.
- Planning for Family Growth: Understanding that starting a family was on the horizon, we built a financial plan that accommodated potential maternity leave and the expenses of raising young children and planning for their future education.
- Addressing Asset Protection and Estate Planning: We identified and closed gaps in their asset protection and estate planning to ensure their growing family would be financially secure.
- Achieving Travel Goals: We provided coaching on how to responsibly earn free travel so they could enjoy life while planning wisely.
Why Strategic Planning Matters
This couple’s situation highlights the importance of a flexible, well-rounded financial plan. By aligning their shorter-term aspirations with their long-term goals, we helped them build a strategy that adapts to life’s changes while securing their financial future.
Complicating Factors: Dual income, no kids yet (DINKY), building a house, need for life insurance.