Retirement is more than just reviewing your Roth IRA or 401(k) plan. At Generational Wealth Planning we build custom financial plans that are unique to client circumstances, goals, and desired outcomes. 

Our services touch upon a wide range of financial planning topics, such as investment management, strategic tax planning, the wealth transfer process, review of insurances, and more! This doesn’t all happen at once. We cover these topics over time through long lasting relationships with our clients. 

At GWP, we focus on comprehensive planning with an emphasis on retirement. The additional retirement topics include:

Below are sample client scenarios that we’ve built out. This gives you an idea of how we plan with our clients.

These are not real clients; however, the scenarios are similar to people who we serve currently. Every situation is unique and specific to the person for which we create a plan. No two people are exactly alike. There are three scenarios that we created, which represent the following generalized client type: young accumulators, pre-retirees, and retirees. 

Click the one that applies most to you!

Scenario 1 – Accumulators

In this sample, Robert (33) and Alison (34) Rosen are a couple in the accumulation phase of life. They have a net worth just over $300,000, including their house and investments. They currently have two children, Sally (8) and Eric (6). They have saving up a good amount so far, but came to us for guidance on:

• Reviewing their cash inflows and outflows
• Building a savings plan
• College planning for the children
• Analyzing if they have life insurance gaps
• Early-stage retirement planning

Scenario 2 – Pre-Retirees

In this case, Paul (62) and Lynn (61) Price are planning to both retire at their age 65. They have a net worth of $3.3 million, savings of $2.1 million, and a business. They have two children, Michael and Stacy, and one grandson (2). They are pre-retirees and came to us for guidance on entering retirement, including:

• How much can they spend without running out of money
• Creating a distribution plan
• Long term care scenarios
• Selling the business at retirement
• Leaving a legacy of $500,000 for heirs

Scenario 3 – Retirees

In this case, Jerry (74) and Ruth (73) Stein retired 8 years ago. They have a net worth of over $7 million and investment savings of $5.6 million. They have three children (Gary, Donna, and Travis), along with three grandchildren. They came us for planning out their legacy, which consists of:

• Review of investment reallocation
• Concerns of increased taxes
• Developing a giving plan of $50,000 per year
• Providing $60,000 a year for college expenses
• Gifting assets to their children now

SCENARIO DISCLAIMER

These hypothetical financial plans are being presented to illustrate both the process of financial planning and the look of a plan from Generational Wealth Planning. The characters and circumstances are completely fictional and are for illustrative purposes only. You should seek the advice of a qualified professional for your particular situation and should not rely upon any of the information herein to make personal financial decisions. 

Hypothetical investment returns presented in this financial plan are based upon historical market index performance and are not indicative of future results. Actual indexes cannot be purchased. Further information about the financial plan’s investment assumptions are disclosed in the financial plan.

Planning reports are generated from eMoney and don’t represent the exact plans compiled for every client. Reports are generated as needed and constitute a single-point-in-time snapshot of a client situation.

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