Sean and Laura

Who They Are

Sean age 63 has just retired as a professor at Syracuse University
His wife, Laura, age 60 retired a year ago from a career as a dental hygienist.
They need to understand how much they can safely spend in retirement and from which accts.
Sean and Laura want to travel during retirement, but don’t know how much they can afford.
Sean is concerned about health insurance between retirement and Medicare eligibility at age 65.
Laura has always done their taxes but would like help with tax planning and tax preparation.
Sean and Laura want to help pay for their grandchildren’s educations, but don’t know where to start.
They would like help understanding how and when to start their Social Security benefits.
Laura thinks they may have a legacy to pass on to their children and grandchildren and need help with their estate planning to gift/leave assets in the most tax efficient way possible.

How we Helped

Our clients come in all shapes and sizes with varying income levels, unique challenges, and different goals. We offer customized planning for each client based on individual circumstances.

Retirement Planning

Modeled how much they need to save, how long they need to work, and what adjustments they should make in their plan in order to replace their current lifestyle in retirement.

Legacy Planning

Discussed what their legacy goals are (ie. how they want to transfer their wealth to the next generation) and implemented strategies on how to transfer wealth tax efficiently.

Health Insurance

Analyzed different options for health insurance prior to Medicare eligibility, and managed their taxable income so they qualify for subsidized health insurance.

Tax Preparation

Relieved Laura of the tax preparation burden, and consequently, uncovered some opportunities to do Roth Conversions before Social Security starts/they are in a low income tax bracket.