Hypothetical Situation:

• Is your wealth distributed among 401(k), deferred compensation, a significant buyout package, pension, and the employer’s stock?
• Do you have a majority of assets in your spouse’s name?
• Maybe you have outdated beneficiaries on file for retirement assets.
• Maybe you own multiple properties in different states.
• Perhaps you have out-of-date estate and long-term care planning documents.
• You have no strategic plan for wealth distribution/income planning in the event of early retirement.

• Begin by organizing a full list of assets, liabilities, income sources, and vesting schedules.
• Help discern and prioritize financial planning goals.
• Build financial planning projections to determine an appropriate level of investment risk.
• Confirm and monitor deferred compensation investment and distribution elections.
• Confirm the normal pension income and identify the buyout pension benefit that eventually would end and needs replacement.
• Consult on multiple avenues for replacing the buyout pension benefit with a likely opportunity for increasing this benefit over time.
• Consolidate employer retirement accounts and IRAs.
• Conduct an insurance needs analysis, which includes reviewing employer-provided benefits as well as the future of those benefits in retirement.
• Identify and collaborate on the opportunity to close the gap associated with long-term care needs.

• Coordinate the Long-Term Care insurance coverage to provide adequate coverage in the event of a future need.
• Confer about different deferred compensation payout schedules to maximize income in the early years of retirement.
• Introduce you to a CPA to help determine the taxability of life insurance benefits that would remain long after the retirement date.

We have a passion for helping our clients work toward their individual goals and personal definitions of success. For a corporate executive, success might look like:

• Making an informed decision on the early retirement scenario with sufficient resources to continue your lifestyle uninterrupted.
• Being better equipped to monitor your financial and lifestyle goals.
• Drawing or leaving funds in the 401(k), based on age, for penalty-free access early in retirement.
• Diversifying your investment portfolio based on your goals and risk profile.
• Implementing a multi-tiered retirement income schedule using deferred comp and retirement accounts if advantageous.
• Driving toward a scenario where income will be greater than the original pension benefit expected based on the alternative strategy implementation.
• Mitigating risks through the use of appropriate insurance and estate planning.