Preparing for a Confident Retirement

Mark and Lisa

Services Used

Retirement Planning and Tax-Efficient Investment Management

Background

Mark and Lisa are a couple in their early 50s, looking forward to retirement within the next decade. Mark has a successful career in IT, and Lisa works part-time while managing their household. They’ve saved diligently over the years but are unsure if they have enough to retire comfortably. Mark is also concerned about how his company stock options will impact their tax situation when he retires. Lisa wants to ensure they can maintain their current lifestyle while also helping their adult children with down payments for homes.

Propel’s Approach

Mark and Lisa worked with their Propel advisor to create a retirement plan that accounted for their desired lifestyle and future expenses, including potential support for their children. Their advisor assessed their current savings, pension, and Mark’s stock options, recommending a strategy to minimize taxes upon retirement. Propel helped them set up a tax-efficient withdrawal plan that included Roth conversions to spread their tax liability over time, reducing their overall tax bill. They also created a plan to fund their children’s home purchases without compromising their retirement goals.

Now

Mark and Lisa feel confident about their retirement plans. They regularly meet with their advisor to review their progress and adjust their strategy as needed. Mark feels relieved knowing his stock options are being handled in the most tax-efficient manner, and Lisa enjoys knowing they can help their children without sacrificing their own future. With Propel managing their investments and providing ongoing advice, they feel secure and ready to enjoy their golden years.