Rob & Linda, the Retirees
67 & 59
Lower taxes in retirement, improve investment performance, and establish an income stream to last throughout retirement
Rob and Linda recently retired from careers they were passionate about and are excited for all their future plans. They want to ensure that their retirement strategy not only enables the lifestyle they’ve dreamed of and worked hard for, but that they also don’t have to fear of outliving their money. Rob mentioned that he was concerned about how tax changes could affect their retirement goals and questioned whether or not their current investments made sense for them since they hadn’t given them much thought.
Linda’s main concern was how they would turn their savings into a reliable income stream once they retired. Rob devoted 33 years to his company and enjoyed his work but decided that it was time for him to move on to his next stage in life. He and Linda were looking forward to traveling, playing golf, and giving back to their local community and since their children were grown they found plenty of time for this.
At retirement Rob had a 401(k) and a pension from his employer. He was hoping to put these assets would be enough for him and Linda to have a comfortable retirement experiencing all the things they’d talked about during their working years. However, he wasn’t really sure how he ought to begin spending these funds and needed some advice as to what investment options were available to him. Rob and Linda both knew that taxes would come into play as well but wanted to understand how they could manage those when spending their retirement savings.
Rob’s primary goal was to make sure that their money would outlive them while carrying out the enjoyable retirement lifestyle they envisioned.