Catch Up

Situation

Jane: 57 year old Pharmaceutical Sales Manager
Children: 2 (26 & 28)
Annual Income: $235,000
Investable Assets
(Individual Account & IRAs): $375,000
401(k): $675,000
Annual Savings: $12,000 to an Individual Account,
$10,000 to a company stock purchase plan, $23,000 to
her 401(k)
Wills & Powers of Attorney: Executed 12 years
ago after getting divorced
Life Insurance: $200,000 Group Term Insurance
Disability Insurance: Through her company

 

iThrive Life Planning Process™

Vision: Retire at 64; fund a wedding for her daughter;
live comfortably and travel each year in retirement.

Awareness: Our analysis revealed that Jane was below
the confidence zone with a 63% probability of achieving
her Vision if she continued her current path.

Plan: In a live planning session we made adjustments to
increase Jane’s confidence score to 85%.

Implement: Thrive Implemented her plan every step
of the way.

Monitor: Thrive continues to annually confirm Jane’s
Vision, test her plan, and hold her accountable so she stays
on path.

 

Results

Retirement: During a live planning session Jane shared
she loves what she does and is willing to work two more
years. Working a little longer provided her confidence that
she could fund her retirement lifestyle, daughters wedding,
and travel.

Investments: Created an investment strategy consistent
with her plan and implemented across all of her accounts.
Reduced her investment risk. Stopped contributing
to her company stock purchase plan as her company
stock constituted 20% of her total portfolio. Mapped out
a strategy to tax-efficiently diversify this holding down to
10% over a two year period.

Insurance: Purchased long-term care as she did not
want to be a burden to her family.

Estate Planning:Worked with Jane’s attorney to update
her estate planning documents.



Taxes: Harvested $40k of losses in her portfolio allowing
Jane to offset future gains and $1.5k/year of income.
Introduced her to a proactive accountant.

The above is a hypothetical case study and not based on actual individual client results.

The results achieved in our simulations do not guarantee future investment results. It is possible that the markets will perform better or worse than shown in the case study; that the actual results of an investor who invests in the manner these case studies suggest will be better or worse than the projections; and that an investor may lose money by investing in the manner the case studies suggest. The case studies assume the reinvestment of dividends and do not include transaction costs for purchases and sales of equities and bonds or mutual funds and ETFs.  We assume no deduction for advisory fees, and that assets are allocated in the manner the projections suggest until the hypothetical client reaches age 95.  The final results also address such factors such as annual spending, annual savings, timing and cost of goals.  Although the information contained herein has been obtained from sources believed to be reliable, its accuracy and completeness cannot be guaranteed. While the case study results reflect rigorous application of the investment strategy selected, hypothetical results have certain limitations and should not be considered indicative of future results or results for any individual investor. In particular, they do not reflect actual trading in an account, so there is no guarantee that an actual account would have achieved these results shown. 

Thrive Wealth Management, LLC’s (Thrive) web site does not represent an offer of or a solicitation for advisory services in any state/jurisdiction of the United States or any country where the firm is not registered, notice filed, or exempt.  Thrive provides advice and makes recommendations based on the specific needs and circumstances of each client.  Clients should carefully consider their own investment objectives and never rely on any single chart, graph or marketing piece to make decisions. Thrive is not a broker dealer and does not offer tax or legal advice. Please consult your tax adviser or legal counsel for assistance with your specific needs.

Thrive Wealth Management, LLC works as your personal financial advisor or financial planner, offering you a wide range of services such as investment management, retirement planning, insurances, succesion, retirement, tax, small business and many more. We proudly serve clients from King of Prussia and Valley Forge PA, as well as the surrounding communities.

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