NEARING RETIRMENT CASE STUDY: Barry and Iris
NEARING RETIRMENT CASE STUDY: Barry and Iris
Michael and Megan Milles enjoyed their time in their 20's being single and traveling the world. Now married and with two kids they want to start investing towards their future rather than living just for the present.
Financial concerns and objectives
In the Discovery Meeting we discussed what is important to Michael and Megan. They expressed the following values
- Time with family
- Stability
- Engagement with the world
Financial Objectives
The Milles current objectives
- They want their two kids to go to college
- Travel to every continent
- Financially independent to retire early
Financial solutions
Michael and Megan now have structure to their financial life. A snapshot of what we helped them with
- Cash management - Emergency fund, savings rate and budgeting
- Protection planning - Confirmed adequate, affordable, and appropriate coverage for life and disability.
- Investing - Managing funds for retirement and
- Tax - Reduction, Deferral and avoidance
- Estate Planning - Will and Durable Power of Attorney
Progress toward objectives
Michael and Megan have made progress and will continue to make baby steps in their financial journey
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