Meet Mike & Katie

Meet Mike & Katie

  • Mike is 35, works at AT&T, has a 401k he is funding, an old 401k at a previous employer and a Roth IRA
  • Katie is 32, works at the local school district, funding a 403B and will have a pension upon retiring
  • They have two children, age 10 and 8

How I Helped:

  • Consolidated Mike’s old investment accounts under one roof; found more suitable investment options with his current 401k; established beneficiaries on all accounts
  • Developed a written financial plan to potentially maximize after-tax wealth and create a roadmap they can follow to stay on track each year and measure their progress
  • Established college savings plans to help fund a portion of their children’s college costs
  • Obtained life insurance coverage to protect against the unexpected; coverage enough to:
  1. Cover their life goals from being unattainable due to loss of income from an early death
  2. Covered 50% of their future tuition costs in case they pass away early; their kids have HALF of their expenses already covered
  3. Covers ALL debts, creates 5 years of income replacement for each spouse, and an emergency fund for the surviving spouse


*This is a hypothetical situation based on real-life examples. Names and circumstances have been changed. The opinions voiced in this material are for general information only and are not intended to provide specific advice or recommendations for any individual. To determine which investments or strategies may be appropriate for you, consult your financial advisor prior to investing.