Comprehensive Financial Planning - A Case Study
Our team of Certified Financial Planners (CFP®) meets independently with company executives, individuals nearing retirement, and current retirees to customize a framework to reach short and long-term objectives and goals.
Situation
A man and his wife (both age 60) came to HORAN because they wanted guidance on their upcoming retirement in 2 years. The man was a life-long teacher at a local high-school and his spouse was the Head of Nursing at a large regional hospital.
Solution
A HORAN Wealth Management team member met with the couple and together they constructed a Financial Plan. The plan gave them guidance with objective and independent recommendations absent the usual “product pushing”. They left knowing they could retire near their current standard of living. The plan customized for them answered the following questions:
- “How much can I safely spend during retirement?”
- "For my pension: Is it best to take the lump sum distribution or fixed payments?”
- “Do I need Long Term Care Insurance or can I self fund it?”
- “What Estate Planning documents do we need, and why are they important?”
- “Are my investment assets allocated appropriately for income?”
HORAN was able to provide this couple with the peace of mind needed to proceed with their retirement plans.