Small business owner & stay at home mom
They want somebody in their corner where they can bounce ideas off of to make sure they are making the right decisions - such as whether they should buy a new house and rent out their current house, save for kid's college, and more.
Get a Free Financial AssessmentThe Concerns
Aside from getting clear on the direction they're going, they wanted to focus on the following areas of their finances:
Retirement planning ideas outside of the business
Tax planning vs tax filing
College funding for children - kids MAY go to college but they don’t want all dollars to be earmarked for education
Life insurance considerations
The Results
Re-organized his business entity to take advantage of tax benefits he wasn’t previously receiving
Established a tax-advantaged investment plan for their children
Obtained adequate life insurance to ensure the surviving spouse and children were able to maintain a similar standard of living they are accustomed to
Evaluated disability insurance options personally and through the business
Optimized cash flow so every dollar was either saved, spent or invested with intention
We completed the planning process with a detailed overview of where they stand today and action steps they need to take to achieve what’s most important to them
The Case Studies are hypothetical descriptions and stories that do not involve an actual client of Lake Water Capital. The hypothetical descriptions and stories are specific to the hypothetical situations and details of the hypothetical client situation. They do not reflect actual performance and results for any specific client. They should not be construed as a guarantee that a prospective client will experience the same or a certain level of results or success if LakeWater Capital is engaged to provide investment advisory services.
Recently divorced & ready to make a plan
She reached out originally because of a recent divorce. She is unsure about her finances as her ex-husband handled everything. She loves to travel to all the National Parks and feels like she is overspending on trips.
Get a Free Financial AssessmentThe Concerns
She wants to make sure she is on track for retirement
Overall financial coordination is important to her. She would like access to a site where she can view everything she owns in one safe-secure location
She has $100,000 left in student loans that keeps her up at night and would like to know if she should concentrate on paying those off first, or save more for retirement
Budgeting
The Results
A financial plan focused on overall coordination of her financial affairs
Investment assessment of her current retirement plan offered by her employer
Saving strategies for her retirement plan
A debt reduction vs retirement planning evaluation
Access to tech tools to link all of her accounts in one easy-to-use app
After achieving her annual savings goals, she felt much more confident about her financial situation and felt less guilt about travel spending. Day to day budgeting was a total waste of time for her. We created a plan for her to ultimately pay herself first, pay her debts and live her life with intention!
The Case Studies are hypothetical descriptions and stories that do not involve an actual client of Lake Water Capital. The hypothetical descriptions and stories are specific to the hypothetical situations and details of the hypothetical client situation. They do not reflect actual performance and results for any specific client. They should not be construed as a guarantee that a prospective client will experience the same or a certain level of results or success if LakeWater Capital is engaged to provide investment advisory services.
Anesthesiologist & Professor
They love to travel and want to see the world without worrying about money while keeping a home close to family. They feel they have done a good job saving but are unsure if they are on track for retirement or have been saving and investing in the right areas.
Get a Free Financial AssessmentThe Concerns
A few other areas they'd like to address are:
Daughter getting married - they'd like to set aside funds for that in one year
Retirement savings - determining if they're on track, investment accounts and allocating properly
Considering buying a second property - preferably a lake house in upstate NY for their family to visit in the summer
Re-evaluating their insurance policies
Reducing taxes
Making work optional by 62 & potentially teaching later on, but not sure if they are on track
The Results
An overview of where they stand today with customized action steps to achieve their goals
A tax-efficient investment strategy with intentionality with each investment account
Reduction of tax liabilities through rental property ownership, additional retirement funding and other available deductions not previously considered
Improved asset allocation within all retirement accounts
Consolidated old retirement accounts and reduced future taxes with a Roth conversion plan during lower income years
Addressed long term care concerns and asset protection strategies
The Case Studies are hypothetical descriptions and stories that do not involve an actual client of Lake Water Capital. The hypothetical descriptions and stories are specific to the hypothetical situations and details of the hypothetical client situation. They do not reflect actual performance and results for any specific client. They should not be construed as a guarantee that a prospective client will experience the same or a certain level of results or success if LakeWater Capital is engaged to provide investment advisory services.
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