Stories of Success

Married Couple

Planning for Retirement

Between family, friends, career, hobbies and other responsibilities - their plates are full! Robb and Claire are looking for someone to help them plan well for retirement so that they have the peace of mind to focus on the aspects of their lives that matter most.

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Financial goals:

Create a steady stream of income in retirement, reduce taxes and maximize investments

Booth Financial Approach:

Booth Financial presented Robb and Claire with a holistic picture of their financial situation — covering cash flow, investments, retirement income, and taxes — so that they know exactly where they stand and exactly what they need to do to reach their financial goals for retirement.

Booth Financial was able to create a tax efficient investment strategy, reducing investment cost and improving asset allocation of their investments, while reducing their tax burden. An income analysis gave them the income amount their investments needed to produce in retirement to maintain their current lifestyle. This provided a specific number and approach to make sure they were ready to retire when that day comes. More than anything, Booth Financial gave Robb and Claire peace of mind, knowing that they have a secure plan for their future.

Retired   

Making sense of retirement

Mark is considering how to transition from living on his earned income to living on income that will come from his investments. He and Anne also have a desire to use their wealth to benefit others — both those in need and their family.

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Financial goals:

Producing income from their savings and making sure they do not run out of money

Booth Financial Approach:

After a thorough review of Mark and Anne’s goals and finances, Booth Financial helped transition Mark and Anne's company retirement accounts from their employer to the proper tax-advantaged accounts. We established a tax efficient, well diversified investment allocation to withstand a multi-decade retirement and created a withdrawal strategy to provide a reliable income stream throughout retirement. Booth Financial also met with Mark and Anne’s attorney to update their estate documents for longevity planning and family inheritance wishes and helped them start a tax advantaged investment fund that will give charitably during the remainder of their lifetime and beyond.

Widowed 

Navigating an Unplanned Future

Rachel needs help walking through these difficult times. She is looking for an expert who will provide guidance on investments, help her wisely manage the proceeds from insurance policies and retirement accounts, and someone to partner with her as other financial needs come up so that she can focus on healing and caring for her family.

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Financial goals:

Decipher all of the information (insurance proceeds, retirement accounts, etc.) and make a plan that will remove the financial stress to allow Rachel to focus on healing and caring for her family

Booth Financial Approach:

Booth Financial took the time to help Rachel understand where she stood financially, listening to her questions and concerns and learning about her wishes and needed. We established a strategy and timeline to put the financial pieces in the right place, while allowing her as much time as she needed to make additional decisions.

Booth Financial developed a comprehensive financial plan to give her a financial picture that included investment optimization, tax minimization, insurance review, and estate planning analysis. This was accomplished in collaboration with tax experts, an estate attorney, and insurance professionals. Booth Financial worked with Rachel’s current estate attorney, and we were able to provide recommendations for trusted tax and insurance experts. With the plan in place, Rachel was able to focus on herself and her family without worrying about her financial affairs.