SituationSteve: 70 year old retired Dentist
Kathy: 68 year old retired Teacher
Children: 1 (40)
Grandchildren: 3 (8, 10, 13)
(Joint Account & IRAs): $2,800,000
Wills & Powers of Attorney: Recently updated
Life Insurance: 2 Whole Life Policies for
iThrive Life Planning Process™
Vision: Ensure they do not outlive their assets; not be
a burden to their family; pay for grandchildrens’ education;
make charitable contributions to their church and
Awareness: Our analysis revealed they were above
the confidence zone with a 99% probability of achieving
their Vision if they continue their current path.
Plan: In a live planning session we made adjustments to
optimize their confidence score to 88%. Allowing them
to reduce investment risk and spend more in retirement.
Implement: Thrive Implemented their plan every step
of the way.
Monitor: Thrive continues to annually confirm their vision,
test their plan, and hold them accountable so they
stay on path.
Life Style: Showed Steve and Kathy they would not
outlive their assets and are in a position to contribute to
their grandchildrens’ college savings plans, give more to
their church and alma maters, and increase their spending
to include more travel.
Investments: Reduced the overall risk in their portfolio.
Consolidated many of their unnecessary investment
accounts. Saved them $12k/year in fees by eliminating unproductive
expensive investments and consolidating their
relationship to one firm.
Insurance: Utilized the accumulated cash value in their
whole life policies to purchase a universal life contract
providing a legacy for their daughter and a pool of money
to cover their grandchildrens’ education. Purchased longterm
Estate Planning: Updated beneficiary designations
to include their daughter as a contingent beneficiary. In
doing so their daughter can establish a stretch IRA. This
will allow her to defer hundreds of thousands of dollars
Taxes: Donated low cost basis stock to their church
and alma maters saving $25k per year in taxes.
The above is a hypothetical case study and not based on actual individual client results.