Individuals & Families

Description of Need

A high-level female executive in her 50’s wanted to evaluate whether she could retire early and maintain the lifestyle she desired, versus whether she should continue to work and pursue career goals. As an executive in a large  company, continuing to work would involve a relocation overseas for a number of years. Although she was a highly motivated professional, she was struggling with questions regarding how much she desired to continue at this pace, and for how much longer. 

Obstacles

The client’s husband had retired early from his career, and she was evaluating the same option. As her employer required a decision in the near term, detailed analyses needed to be done quickly.  If she were to retire, defining a retirement lifestyle and related budget would be crucial, including determination of location, travel expenses, cost of living and potential local tax rates.  Likewise, if she continued to work, issues such as quality of life, compensation via proposed executive compensation package had to be analyzed, including complex tax considerations.

Services Provided

  • Retirement planning
  • Cash flow/budget planning
  • Income analysis
  • Tax efficient distribution plan
  • Stock Option vesting analysis
  • Career planning
  • Legacy planning

Solution

After completing multiple analyses, we prepared detailed cash flow projections under multiple scenarios.  Those scenarios would include not only retiring now, versus accepting an overseas transfer, but also funding of retirement at various lifestyles or standards of living.  Considerations would go beyond personal financial considerations and consider family and legacy. We created retirement projections to make the client aware that she was financially ready to retire, and explain to her what kind of lifestyle she could expect to lead depending on when she were to leave the workforce.  Having this knowledge would give her the freedom to decide if she wanted to continue working or not.

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