Samantha works long days as an executive with a large pharmaceutical firm. She loves what she does but is starting to feel burnt out.
Her work is impactful. She would prefer to retire from the corporate world and lend her talents to the non-profit sector in a volunteer role.
For Samantha, overcoming major financial mistakes isn’t an issue. She’s worked hard and has done the right things.
It’s about where her focus and expertise should be. Her finances are buttoned up well but she admits that she doesn’t know what she doesn’t know. She’s open to suggestions.
What’s needed most is someone to help share the load and navigate the next few years to an early retirement. Specifically, Samantha wants help with:
- Mitigating taxes. Her income places her in the top marginal tax bracket every year.
- Managing the sizeable stock options she receives as part of her compensation package.
- Ensuring she makes the most of her company benefits.
- Reducing her stress levels
- Getting more time back in her day.
Samantha started with a short call to lay out her concerns and desires. She sent her planner all her pertinent info as well as the spreadsheets she used to track her progress and monitor her investments.
She is busy. The mere act of sending over the documents helped her feel like a weight was lifting from her shoulders.
She held a follow up meeting with her planner. Together, they created a series of action items that the planner would take on her behalf and other that Samantha would follow through on. By the end of the planning process, Samantha had:
- Reduced her investment costs
- Optimized the risk/return profile of her portfolio
- Formalized a quarterly rebalancing strategy
- Created a tax-efficient withdrawal strategy for retirement before age 59.5
- Paired exercising stock options with her deferred compensation plan to offset taxes and reduce single stock risk.
She’s thrilled with the results. Her financial outlook has improved, her stress level is lower, and she gained more time in her day.
She’s also adopted a financial hub that allows her to see all of her accounts in a single place. It’s a big time saver.
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Note: The above case study is hypothetical and does not involve an actual Carmichael Hill & Associates client. No portion of the content should be construed by a client or prospective client as a guarantee that he/she will experience the same or certain level of results or satisfaction if Carmichael Hill and Associates is engaged to provide investment advisory services.