At Farther, we're a purpose-driven retirement planning team. When people are beginning to think about their retirement, it can be difficult to take something as abstract as the concept of financial planning and visualize what that may look like for them in practice.
To help with that visualization, here is a case studies that detail a specific scenario where we leveraged financial planning to achieve a certain goal or solve a concrete problem for a client. This case study is an amalgamation of our client work to ensure client privacy.
Unexpected Layoff
When a client faced an unexpected layoff and their spouse decided to retire, they needed a financial plan to navigate this major career transition. Together, we developed a strategy that provided clarity, security, and confidence, ensuring they could maintain their lifestyle, support their family, and continue charitable giving while optimizing their financial future.
How We Helped the Clients Achieve Financial Freedom
- Ensuring Cash Flow for a Secure Retirement
With the sudden loss of income, we created a personalized income strategy, balancing Social Security, pension benefits, and retirement savings to ensure expenses were covered now and throughout retirement. The strategy was designed with tax-efficiency in mind, providing long-term financial stability. - Helping Their Family with Strategic Gifting
The clients wanted to provide financial support to their young adult children. We implemented a tax-efficient gifting strategy, allowing them to assist their children without jeopardizing their financial future. - Reducing Their Lifetime Tax Liability
By analyzing their income sources and tax exposure, we identified key strategies like Roth conversions and strategic withdrawals to lower their lifetime tax burden, allowing them to keep more of their wealth. - Protecting Their Family’s Future with an Updated Estate Plan
We worked closely with their estate attorney to update their wills, trusts, and beneficiary designations, ensuring their wealth would be passed on according to their wishes, while minimizing estate taxes. - Continuing Their Charitable Legacy
Long-time participants in charitable giving, the clients wanted to continue supporting causes close to their hearts. We set up a Donor-Advised Fund (DAF), enabling them to maintain their charitable impact while receiving additional tax benefits. - Repositioning Their Retirement Savings for Growth & Security
We adjusted their investment strategy to balance growth with security, ensuring they had stable income while working toward long-term goals. Their portfolio was realigned for both flexibility and growth potential.
The Clients' New Outlook
Our clients are now enjoying retirement with confidence, knowing their financial future is secure, their family is supported, and their charitable giving continues. Their story is a testament to the power of personalized financial planning and thoughtful guidance.
If you’re facing a major career transition, retirement, or simply want to ensure your financial future is secure, let’s connect. Start building your own financial success story today.
Other Case Studies
Case Study: How Chad Rishel Helped A Client Create Financial Security & Peace of Mind in Retirement
Case Study: How Chad Rishel Helped A Client Retire in 5 Years
