The Challenge
Marcus, a former senior executive at a prominent publicly traded tech firm. Julie, who had retired earlier to care for Marcus’s elderly parents, joined him in tackling their shared goals: maintaining their lifestyle in retirement, providing financial support to their children and grandchildren when needed, and realizing their philanthropic aspirations. They also wanted to avoid costly mistakes and ensure their wealth was preserved for future generations.
Our Approach
- Developed a comprehensive retirement plan that addressed investments, financial support for family members, estate planning, and philanthropic ambitions, leaving no aspect of their financial life unconsidered.
- Exchanged concentrated company stock positions into a diversified value fund, generating consistent dividends for supplemental retirement income and benefiting from tax-deferred compounding.
- Designed a tax-efficient strategy for asset withdrawal and distribution.
- Recommended donating highly appreciated stocks to fund Marcus’s private foundation, involving family members to foster a shared sense of charitable stewardship.
The Outcome
Marcus and Julie now have a clear, actionable plan for preserving and transferring their wealth. Their children and grandchildren are well-supported, and their philanthropic goals are thriving.
By implementing tax-smart strategies and aligning their wealth distribution with their values, they achieved significant savings and built a legacy that will benefit future generations.