Meet Tom
and Donna

Unique Challenge

Tom’s been grinding away at the same company for 40 years. He’s ready to turn the page and start a new chapter. 

With the kids all grown up and out of the house, Tom and Donna are ready to hit the road, perfect their golf swings, and give back to their community. Sounds like retirement done right. 

Tom’s got a great retirement package – 401(k), stock options, and a pension. Now, he’s scratching his head, trying to figure out how to make these work for them so they turn their hard earned nest-egg into checking items off their bucket list without worrying about running out of money. 

He’s trying to decipher the numerous opinions on how to tap into these funds and could use some expert advice on where to park their money. Bottom line? Tom wants to make sure their cash outlasts them while they’re living their best lives. 

Moves Made

The name of the game was making retirement planning a breeze for Tom and Donna – no stress, no fuss, just smooth sailing. 

First things first, since Tom has several employer sponsored benefits including stock options – avoiding potential tax traps lurking around the corner was a priority. Nobody likes surprises when it comes to taxes in year one of retirement,.

Working hand in hand with Tom and Donna’s CPA, the retirement planning process looked a little something like this: 

• Gathering all the details from Tom’s company benefits rep 
• Laying out all their options on the table, along with any tax curveballs they might face 
• Setting up new investment and retirement accounts with a custom strategy 
• Writing up up a unique withdrawal strategy to keep the money flowing steadily 

Once Tom and Donna could see all their options laid out in front of them, it was like a weight lifted off their shoulders. They were ready to hit the ground running, knowing they had a solid plan in place. 

The Results

The plan Tom and Donna went with? You could say it’s working out well so far: 

• They’re keeping more of their hard-earned cash, both now and down the road 
• Tom’s retirement savings are securely positioned for their unique cash-flow needs 
• They’ve got a steady stream of income that keeps more dollars in their pockets and less with Uncle Sam 

These days, Tom and Donna are living their best lives. They’re bouncing between their cozy home on Delmarva and their beachfront home in the south, checking out new golf courses left and right, and soaking up every minute they can with the grandkids. 

The best part? They can kick back and enjoy life on their own terms, knowing their financial plan’s got their backs. No more worrying about money – just pure, unadulterated fun! 

And hey, they’re not just set it and forget it kind of folks. Their retirement plan gets a regular once-over, and they’re always on the lookout for new tax laws that might work in their favor.