Case Study #1 - Tackling a Tricky Financial Situation
“If all you have is a hammer, then everything looks like a nail.” – Mark Twain

There was a couple that had some concerns about the financial impact if the other passed. The wife, a retired nurse, had personal experience with the financial impact of a family and patient passing. The couple agreed they needed to make sure they had ample life insurance coverage if this impact ever became a reality.

The biggest issue – because the husband had cancer 6 years ago he was considered a high-risk individual. After further research, we found an insurance company that was able to insure him based on his medical history, but with a higher premium cost.

In order to accommodate the premium, we decided to restructure their current financial portfolio to create cash-flow that would enable them to pay for the policy without utilizing any of their funds from their paychecks.

By paying down on their current mortgage to a conforming loan balance and investing a portion of assets into specific yielding instruments with tax benefits, we were able to create cash flow that would pay for the insurance premiums for the life of the policy.

The plan was designed specifically to focus on all silos of finances. i.e. insurance, investments, mortgage, and taxes that helped meet the client’s particular needs.

Case Study #2 – Is it possible for me to retire?
“Where ignorance is our master, there is no possibility of real peace.” – Dali Lama

Intel was going through a restructuring, which forced some employees to re-evaluate their current financial situation. One of the employees reached out to me to discuss her financial

She had gone through a Chapter 13 Bankruptcy, and had previous issues that placed her in a less than ideal situation with her finances. She anticipated the idea of going back to work and continuing her contributions to her retirement. Given she had never talked with a financial professional, she had a certain level of anxiety about discussing her personal finances. She didn’t know what to expect.

By carefully reviewing her bankruptcy terms, taxes, retirement savings, social security benefits, defined benefits plan, liabilities, budget, and insurance needs, we were able to create a comprehensive plan that would help structure a sustainable living in retirement.

To her surprise, she no longer has to work. More importantly, the degree in which she understood her financial situation allowed her to feel confident and at ease with where she was at in life.

Case Study #3 - What should I do with my money?
“Like a wild flower; she spent her days allowing herself to grow, not many knew of her struggle, but eventually all; knew of her light.” – Nikki Rowe

I have an eclectic group of clients. Some of which have done well through traditional means. Others that have some not so fortunate beginnings. Although, I find great pleasure in helping all my clients, I find it extremely satisfying in helping the ones that were less fortunate and moved on to be successful.

One of my clients went through a very harsh situation. Suffice to say, she was awarded a significant amount of money. When I met her, she was living out of her car with no concept of what she was given. She was barely looking past her feet, let alone into her future.

It was through a series of conversations that it took for me to fully grasp what she wanted to do with her life. Concept of the time value of money, personal growth, and becoming something more than the circumstances given to her was something she was trying to get comfortable with.

After a few conversations, we discussed utilizing some funds for education, budgeted living, and personal goals for her future. She wanted to help her younger siblings to make sure they were advancing in their lives as well. Through careful planning, we have been able to stretch her funds beyond her current needs and grow towards her future.

Case Study #4 – I think it’s time I grow up, since I am getting married”
“The goal to marriage is to not think alike, but to think together” – Robert Dodds

After the most recent financial crisis, I was approached by a young couple. They were about to get married and wanted to get their finances in order. They had never discussed their personal finances with one another, but felt it was a crucial step in their relationship to develop a comprehensive plan that worked for both of them.

It has been my experience that every couple has differences in how they want to manage their money. i.e. differences in risk, where to retire, how they want to invest, what they want to do with their money, etc.

It wasn’t a surprise when I met the couple that they started to realize how different their financial situations were, and how they viewed their overall goals. The husband short-sold his home, while the wife was under-water on her current home. Moreover, they both had minimal savings towards their current retirement.

I considered this an opportunity for both parties to start over on the road to financial success. With a bit of careful discussion, we were able to identify a plan where both parties felt comfortable. The design was specifically to get them started on a process that helped them grow back their wealth and strive for the same financial goals.