Who We Help:
About to Retire

First, we did a deep dive into what their expenses, both necessary and aspirational, would be in retirement. Next, we took a close look at their investments and what income and returns they could anticipate from those assets. We used that information, along with expectations of income from Social Security and pensions, to create a financial plan to give them clarity on what their potential income would be retirement. Our planning helped them to set realistic charitable and legacy goals as well gave them comfort they would be able to live the retirement lifestyle they dreamed of. 

Sterneck made adjustments to their investment portfolio. We added investment vehicles that generate returns independent of the stock and bond markets allowing for more consistent and stable income. These adjustments allowed Gary and Karen to be comfortable with what their income could be and not worry about how market fluctuations might affect their retirement.

We reviewed their will and estate and ensured that their assets are structured to provide the legacy they desire.

Sterneck was able to put a plan in place to reduce the tax exposure on Gary’s appreciated stock. We also connected them with an accountant specializing in pre- and post-retirement tax planning and quarterbacked the development of a tax plan to ensure future distributions were done in the most tax-efficient way.

Gary accumulated significant stock and options exposure to his employer over the years and had generated significant wealth from the position. However, now that he is retiring, he wanted greater diversification and more limited downside risk. Sterneck conceived and initiated an options strategy to hedge his risk and allow him to diversify his holdings in a tax efficient manner.