Case Studies- John

Situation

John is one of our physician clients who lives a comfortable lifestyle. He had the good fortune, along with his wife, to be able max out the retirement plans that he had access to currently. Because of his success, he needed more advanced planning. Namely, we needed to find creative ways to restructure his holdings to be able to provide more tax favored accumulation of his investments. A good problem to have but when you consider the impact of taxes on assets for someone at his income level, it is a problem, nonetheless.

Action

As part of our efforts to assist John and his wife we repositioned a portion of his assets in a tax favored investment vehicle. This vehicle will allow for growth of capital without the tax drag experienced on his existing account. We coupled the capital transfer with systematic payments to a vehicle that allows for tax deferred growth, provides tax favored distributions in retirement and creates a death benefit for his family that multiplies contributions five times over.

Result

As a result of our efforts, John was able to reposition assets to more efficiently accumulate while also providing additional dollars in the event of his passing. We were able to reduce the exposure to taxes found in his original asset makeup.

Call to Action

This example illustrates how even those that are well off and have ample assets can benefit from the experience and expertise provided by Concierge Financial Strategies. We provide this type of planning and guidance regularly for our clients and friends. If you feel as if you can benefit from our insight and expertise, we invite you to contact us.