Having a Strategy Makes Dreams a Reality

Tom and Susan came to Financial Celebrations in the spring of this year knowing what they wanted but not knowing how to get there. They shared with Laurie and Betsy that they were considering career changes. Tom planned to begin working as an independent consultant – (emphasis on independent) and Susan was contemplating re-entry into […]

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Looy Tom & Susan

Tom and Susan came to Financial Celebrations in the spring of this year knowing what they wanted but not knowing how to get there. They shared with Laurie and Betsy that they were considering career changes. Tom planned to begin working as an independent consultant – (emphasis on independent) and Susan was contemplating re-entry into the workforce. They came to Financial Celebrations to get help organizing their investments and developing a realistic retirement plan so they could feel comfortable with their career choices.

They had a variety of concerns. Tom and Susan felt they had too many individual retirement accounts and no focus when it came to the “Big Picture,” they were unsure if they were investing enough to retire at reasonable ages and Susan was unsure if this was the time in her life to re-enter the work force or continue to stay home with their two teenage children. She was also concerned about keeping her job skills current and being able to contribute enough to the retirement strategy so that she and Tom could retire together. Finally, Tom worried how being an entrepreneur would affect the Looys’ retirement goals.

After working with Financial Celebrations, Tom and Susan were grateful to have their investments consolidated. Once they saw the big picture the “Life Plan” provided, they felt confident about the amount they needed to invest in order to retire when they wanted. Although Susan still is uncertain as to whether or not she will re-enter the work force, she feels comfortable taking her time to make the decision. She will continue to watch the success of their investments and adjust her strategy accordingly. Tom now finds comfort in knowing that his new career should not detour them from their retirement goals.

The advice Tom and Susan would share with others considering entrepreneurship and/or re-entering the workforce and are concerned about the affects of those decisions on their families and their retirement goal are twofold. “First, don’t wait to make management of your financial life a priority and secondly, have a strategy. Things don’t happen without a strategy.” And keep the strategy simple!

We have enjoyed working with Tom and Susan and we look forward to regularly reviewing their investments and to help their plan become a reality as they reach the goals they have set for their family and their retirement.

 

Note: (i) Profiles from a brokerage client may not be representative of the experience of other clients; (ii) the profile is not indicative of future performance or success; (iii) it is not a paid testimonial. These profiles are provided for informational purposes only and should not be construed as a recommendation of a particular product.