At Retirement Extender®, our team employs an integrated approach we call concurrent financial planning. This approach targets individual aspects of your financial life that work towards achieving your goals and making your life better. We are trained and certified to handle:
business • tax • estate • investments • risk management • retirement planning
Will your money sustain your lifestyle throughout your retirement? We help guide your financial decisions to increase the life of your savings.
With Retirement Extender® you receive your own financial team to ensure that all your investments, taxes, and financial plans are aligned.
It's never too soon, or too late, to start planning for your future. We serve those saving towards retirement or other goals. We also serve those who are already retired.
We put our clients' financial interests first, even ahead of our own business goals. We provide you with a customized plan that takes into consideration your current portfolio as well as your unique financial goals. Our recommendations are based upon what we feel is best for you. Basically, we strive to be our clients trusted advisor/trusted team.
Have a look at these scenarios taken from real clients to understand how we can work with you throughout all the stages of your career.
Profile: A client couple, both physicians in their mid to late thirties came to us for financial planning help in 2009. They had two daughters approaching school age.
Situation:Their goals were to save enough to send their children to college and to retire in their early or mid-50’s with a retirement income in the $150k range. They wanted to budget $10K for a vacation every year plus 15K towards a new car every 4 years. Additionally, they needed to pay off significant student loans as well as a mortgage.
Solutions/Services Provided:Using Monte Carlo analysis, we put together a financial plan with a 90% probability of success and helped them set up 529 plans to provide tax-advantaged savings for the children’s anticipated higher education costs.
Results:Now, in their early forties, they have $173K set aside for their children’s higher education and have saved nearly one half million dollars saved towards their retirement.
Profile:A client couple, both approaching retirement came to us for financial planning help in 2015.
Situation:Over their lives they had saved a considerable portfolio; however, they were concerned about the allocation of their investments, uncertainty of the future, and which tax strategies were appropriate for their situation and were seeking guidance.
Solutions/Services Provided:Using Monte Carlo analysis, we put together a financial plan with a 99% probability of success. We helped them to prepare a diversified portfolio with appropriate assets allocated to three periods of their future; near-term, mid-term and long-term.
Results:We showed them that they had sufficient savings and IRA investments to allow them to delay Social Security and collect the maximum possible monthly payments.
Profile:A couple in their late 50’s who were ready to retire came to us in 2007 for financial planning help.
Situation:They had many questions. They wanted to know if they had sufficient assets for the wife to retire. Also, they wanted to know when the husband could retire. They were concerned with the order of withdrawal from the non-qualified investments and IRA investments as well as how their assets should be allocated. They wanted to structure their investment accounts so that they could maintain freedom and independence. They wanted to save for their grandchildren’s college and to enjoy life and their hobbies and to be able to travel. They wanted to know if a Roth conversion was appropriate in their situation. They wanted to know if they should consider a reverse mortgage.
Solutions/Services Provided:We prepared a report to answer their questions and put together a retirement plan. Monte Carlo analysis showed only a 40% probability of success in reaching their goals. However, with a slight reduction in spending we were able to prepare a plan with an 86% probability of success. We answered their questions and showed that the wife could indeed retire immediately and the husband could retire within several years.
Results:We prepared their most recent update to their Financial Plan last year. An updated Monte Carlo analysis showed that even though they were enjoying retirement, they were still on-track to their plan and the probability of success has improved to 99%. We had assisted them in setting up 529 plans and now they have a good start at helping to prepare for their three grandchildren’s higher education costs.