Case Study #1

The Challenge: Jim has been working long hours. He knows he wants to retire early to spend more time doing the things he enjoys most. (Traveling with his wife, spending time with his grandkids, hiking, and fishing)

Nora wants to cut back her hours when Jim retires to become a substitute teacher. She wants to stay involved with the school because that is her community. She is afraid she would not know what to do if she stopped completely.

Jim would like to retire in 4 years when he is 62 but does not know if they can afford to quit because of the cost of health insurance.

The challenge isn’t fixing any financial problems or mistakes, they’ve always lived below their income and saved wisely. They’ve been doing all the right things:

• Generating a six-figure income
  
• Matching and maxing employer’s retirement contribution and investing elsewhere
  
• Paying the majority of their primary home
  
• Protecting themselves and their assets with the right types of insurance (Life & long term care)
  

So, what’s the problem? Why do they need a financial advisor?

Jim and Nora are concerned that they may be missing something. Is their current plan right for them?

They Admit...they don’t know what they don’t know.

As they prepare to enter this new stage of life, they want an expert to help them build a strategic plan to optimize Social Security timing, her pension, and investments in a tax efficient way.

The Approach: Jim and Nora were not sure how to know if early retirement was possible. They were more concerned than just their investments. They wanted an all-encompassing plan to give them a clear picture of their retirement.

They had concerns, they knew they didn’t want to go at it by themselves, so they sought after professional help.

The Results: A comprehensive plan was put together that met all their needs - 

• Reduced investment risk and improve returns.
• Gave confidence they were financially able to retire early and have the option to work.
• Reduced taxes through social security timing, roth conversions, charitable giving, and more!
• Implemented a lifetime income plan for either of their lives
• Created a long-term care plan to protect their assets for their family

Today, Jim and Nora are living their best life. Between traveling to visit their grandkids and planning their big annual trip to Europe, they couldn’t be happier with the freedom and happiness that come with financial freedom in retirement.

Jim and Nora now meet with their advisor as often as needed to give them the peace of mind that they are still on a successful path.

They are thrilled to have a clear financial path that gives them the freedom and security to do what they love most.

Note: The above case study is hypothetical and does not involve an actual Orion Financial, LLC client. No portion of the content should be construed by a client or prospective client as a guarantee that he/she will experience the same or certain level of results or satisfaction if Orion Financial, LLC is engaged to provide investment advisory services.

Next Success Story

Next