Balancing Personal and Professional with a Flexible Plan
CRE EXECUTIVE
When Financial Growth Needs a Strategy
As a commercial real estate executive in his early 40s, Brian has built a path for a very successful career and consistently brings in over $1,000,000 in revenue, but he was struggling with the time commitment it took to manage his finances, make time for his family, travel, and pursue other interests.
Brian and his wife had been using a financial advisor who works for a large institution for a number of years, but recognized that he hadn’t done much financial planning for them. Instead, he had been acting just as an investment manager.
How We Stepped In
Brian and his wife were ready to take a more intentional approach to their finances. We got to know them, helped organize their financial picture, and created an investment plan tailored to their needs and goals.
Alongside gathering financial data, we asked them to complete our financial satisfaction survey. This gave us a broader view of how they felt about different areas of their financial life, from savings and insurance to how they communicate about money and whether it was a source of stress. We had a few conversations about how these answers shape their financial perspectives and began to build a plan around what was most important to them and their family.
One of Brian’s concerns was whether his income and investments were structured in a tax-efficient way. We reviewed his tax documents to get clarity on how his income was set up and identify opportunities. He was also worried that their investments were too conservative for their long-term goals, especially knowing their retirement could last 30 years or more. They shared a desire to slow down once their kids reached high school, so we made sure their savings and investments were positioned to support that next chapter.
Bringing the Vision to Life
Brian and his wife were having trouble picturing exactly what their retirement would look like, which is not uncommon. e helped them clarify that vision and committed to guiding them through the next decade and into retirement so that they were more at ease with where they stood and where they were headed.
It was important to us that their finances become a tool to enjoy the things that bring them happiness, rather than a burden they consistently worry about. So, we structured Brian’s income in a way that would allow them to continue to do the things they love right now. At the same time, we set up investments, 401k plans, and cash balance plans to defer enough income to allow them to continue their lifestyle throughout retirement and set up their children and grandchildren for college and other endeavors that they may want to pursue.
We worked closely with their accountant and estate planning attorney so everyone involved understood the family’s goals and how the financial strategy supported them.
SCHEDULE A CONSULTATION
See How Our Experience Can Help You
We understand the unique financial complexities and opportunities that commercial real estate executives face. Get to know us and share more about your goals so we can help you solidify a personal financial journey.