SituationJane: 57 year old Pharmaceutical Sales Manager
Children: 2 (26 & 28)
Annual Income: $235,000
(Individual Account & IRAs): $375,000
Annual Savings: $12,000 to an Individual Account,
$10,000 to a company stock purchase plan, $23,000 to
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
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,
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.