Juggling Goals
Age: 40’s
Goal: Balance paying for college, home ownership, and a secure retirement
The Challenge:
Sharon and Mark started working with us when their kids were all under the age of 6. While they couldn’t be sure, they hoped their kids would want to pursue college educations at some of the top tier universities in the country. Additionally, they wanted to ensure that they fully owned their home by the time they reached retirement age. Finally, with their kids’ education paid for and their mortgage gone, they wanted to be able to fully enjoy their retirement.
Our Approach:
Because Sharon and Mark both work, our recommendations have focused on being very efficient with how they allocate their savings, in the most tax effective way possible. Their combined income has risen to a point where they are looking to reduce their annual tax liability, if possible.
Our coaching has also focused on education about portfolio construction, and both Sharon and Mark have been able to implement this coaching by allowing their portfolio to work hard for them over a 20+ year period.
The Results:
Sharon and Mark are now on track to send their three children to the school of their choosing, and eliminating their mortgage is also nearing the finish line.
As they approach their last decade of working, they can focus on enjoying the careers they’ve built because their entire financial house is in order.
Disclosure:
All investing involves risk including loss of principal. No strategy assures success or protects against loss. There is no guarantee that a diversified portfolio will enhance overall returns or outperform a non-diversified portfolio. Diversification does not protect against market risk.
The opinions voiced in this material are for general information only and are not intended to provide specific advice or recommendations for any individual.
This information is not intended to be a substitute for specific individualized tax advice. We suggest that you discuss your specific tax issues with a qualified tax advisor.