This client worked in a different state and was eager to retire, though he wasn’t sure if it was possible. Not a fan of technology, he was thrilled to learn we could make house calls after being referred by his sister. His biggest concern was finding suitable health insurance before he turned 65, and that’s where our network came into play.
How We Helped:
- Connecting with Health Insurance Experts: We introduced him to a trusted member of our network who specializes in health insurance. She helped him evaluate his goals and found the right plan that matched his needs and budget.
- Planning for Expenses: We guided him through distinguishing between his basic living expenses in retirement and the costs of the DIY projects he wanted to complete on his property. This helped him prioritize and plan effectively.
- Improving Investment Strategy: Since he’d never worked with a financial advisor before, he wasn’t aware of certain investment options. While he was diligent about maxing out his 401(k), we identified several ways to improve his portfolio. The difference was significant—if we had connected a year earlier, he would have had an additional $120,000 in savings.
- Identifying a Tax Planning Opportunity: We uncovered a major tax planning opportunity that could save him hundreds of thousands of dollars over the rest of his life and extend these benefits to his heirs, ensuring they avoid unnecessary taxes as well.
Why Personalized, Hands-On Service Matters
By offering personalized, face-to-face service, we were able to address his unique concerns and provide solutions that a traditional, tech-based approach might have missed. From finding the right health insurance to enhancing his investment strategy and uncovering valuable tax-saving opportunities, we helped him feel confident about retiring on his own terms.
Complicating Factors: Complex schedule, limited understanding of investing, early retirement.