• Our Services
    • Financial Planning and Investment Advice
    • Small Business Owner Financial Solutions
    • 1031 Exchanges
  • Resources
    • Ask Mark and Laura
    • Events
    • Case Studies
  • Contact Us
  • About Us
    • Our Approach
    • Our Team
    • Our Core Values
Menu
  • Our Services
    • Financial Planning and Investment Advice
    • Small Business Owner Financial Solutions
    • 1031 Exchanges
  • Resources
    • Ask Mark and Laura
    • Events
    • Case Studies
  • Contact Us
  • About Us
    • Our Approach
    • Our Team
    • Our Core Values
Hire Us
Client Portal
Search
Close

Pete & Amy: Need to Plan Ahead

Age: 45
Annual Income: $250,000
Dependents: Three Kids
Assets: 401(k): $435,000

Background
Pete and Amy are both 45. Pete is and engineer who just made a major career move by accepting a position as Director of Global Quality for a major local hydraulics manufacturer. Amy stays at home focusing on raising their three kids ages 10, 12 & 15. Pete has a sizeable 401k from his previous employer and will be receiving stock grants and numerous other director level benefits in his new position.
CONCERNS
Their main concerns are saving for the kids’ college, providing for Amy should something happen to Pete and having enough money to retire and travel the world. With the recent major jump in salary, they “need help balancing their increased income for their immediate, short term and long-term goals”.
THORNWOOD SERVICES
Create a retirement plan to help provide for a more confident retirement at age 65.

Establish a custom strategy for each child’s college education based on their age.

Rollover Pete's old 401k and invest in a diversified IRA strategy with an objective to maximize for growth.

Advise Pete and his new employer of the benefits, including his 401k and stock grants.

Implement an insurance strategy to both provide for Amy should something happen to Pete in the next 10 years or provide them with tax free income during retirement.
Previous
Next

The case study is a hypothetical illustration and does not reflect actual clients. It is for informational purposes only, does not constitute as investment advice, and is not legal or tax advice. Individual results will vary. Please consult the appropriate professional regarding your individual circumstance. Performance or projections are not guaranteed.

WISCONSIN
6226 BANKERS ROAD STE 1
MOUNT PLEASANT, WI 53403
(262) 638-0224

FLORIDA
THE VILLAGES
(352) 224-3082

ILLINOIS
12545 FARM HILL DRIVE
HUNTLEY, IL 60142
(847) 999-0700

[email protected]

Facebook Linkedin

Check the background of these investment professionals on FINRA’s BrokerCheck. 

IRC Section 1031, IRC Section 1033 and IRC Section 721 are complex tax concepts, therefore you should consult your legal or tax professional regarding the specifics of your particular situation.

Investments in securities are not suitable for all investors. Investments in any security may involve a high degree of risk and should only be considered by investors who can withstand the loss of their investment. Prospective investors should  perform their own due diligence carefully  and review the “Risk Factors” section of any prospectus, private placement memorandum or offering circular before considering any investment. Securities offered through Concorde Investment Services, LLC (CIS), member FINRA / SIPC. Advisory services offered through Concorde Asset Management, LLC (CAM), an SEC registered investment adviser. Insurance products offered through Concorde Insurance Agency, Inc. (CIA). Thornwood Financial is independent of CIS, CAM and CIA. To access Concorde’s Form Customer Relationship Summary (CRS), please click here. 

This site is published for residents of the United States only. Representatives may only conduct business with residents of the states and jurisdictions in which they are properly registered. Therefore, a response to a request for information may be delayed until appropriate registration is obtained or exemption from registration is determined. Not all of services referenced on this site are available in every state and through every advisor listed. For additional information, please contact Laura Jocius at [email protected]

This is for informational purposes only, does not constitute as investment advice, and is not legal or tax advice. Please consult the appropriate professional regarding your individual circumstance.