Peter and Alice are a young family with two children under the age of three. They have general financial goals for their family, but realized they needed to better define those goals to achieve them. They needed a financial plan, but had no idea how to create one or where to start.
PartnersInWealth helped Peter and Alice establish detailed financial goals, including an exact amount of college education funds for each child, the best age for retirement, and maximum potential annual after-tax income. These new goals helped determine the specific actions necessary to achieve them.
Immediately, PartnersInWealth expanded opportunities for growth in their current retirement plan. By maximizing contributions to their 403b retirement plan and establishing a pension plan for the portion of their income from self-employed earnings, their tax liability dropped significantly while the growth rate of their retirement savings increased substantially.
Since beginning a relationship with PartnersInWealth, Peter and Alice’s net worth has doubled about every 5.8 years.
Peter and Alice also significantly reduced their income taxes each year. Most importantly, they have met all of their financial goals several years ahead of schedule.
Client Since: 1988