50 and under with complex planning needs
You’re making >$300,000 per year but you’ve got questions: Where is the money going? How much should we be saving for retirement? Roth or pre-tax? How do I handle equity compensation? Should we be saving for college? Does real estate play a role in wealth accumulation? Is my estate plan on track? Why am I paying so much in taxes? How do I build wealth outside of my business? Is my family in good shape if I’m not around? What insurances do I need? Should we travel or fund that home remodel? How can we optimize our cash flow? Should my portfolio be structured differently in different accounts I’m saving in?
We put the puzzle together so you don’t have to and give you peace of mind. No 50 page documents and no jargon. Just a plan you can implement immediately to get you where you want to go.
*Case study below is hypothetical and for illustrative purposes only. It does not involve any Brightworks Financial Planning clients.
Case Study: John and Mary
Age: 40 and 42
Occupation: dentist and engineer
Goal: get a plan to save for retirement, save for college education, debt reduction
The situation: separate bank accounts, no budget with no monthly surplus, saving 5% for retirement, no dedicated estate plan or coordinated investment strategy
The fix: audit cash flow with 60 day lookback, combine accounts and automate savings, free up monthly cash flow to put toward retirement savings, start 529 accounts for children and fund each month, advise on plan for getting a will with named guardian as well as other estate documents in conjunction with local attorney, change investment allocation according to risk tolerance and time horizon, create a tailored debt payoff plan, identify areas of tax savings, fund backdoor Roth IRA, align savings with specific retirement goals, advise on appropriate life and disability insurance