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The Scenario

The Scenario

John is a single, self- employed Architect that specializes in luxury and high end real estate projects. After nearing this 33rd birthday he is now extremely aware of the fact that he should begin planning for retirement, although John loves his profession and sees him working well into his 60’s. John wants to know where to start, being self employed and starting at the age of 33.

The Solution

Understand the process

John has to first understand that planning for retirement takes time, and his retirement goals may change over time. John needs to realize that although he could have started saving earlier, he still has time to make contributions and even catch up if he uses the proper “vehicles” for saving accounts and a strong investment strategy.

Evaluate your options

John needs to decide whether he feels comfortable tackling the arduous task of retirement planning on his own, or would prefer to have the support of professionals guiding him and supporting him through the decision making process. For many, this will be one of the largest decisions you will make in retirement planning, and whether or not you reach your retirement goals. There are a multitude of factors one must assess before deciding whether or not they would want to hire a professional advisor or not.

Develop a Plan

After consideration, John decided that having an advisor would give him the most peace of mind and the best chance of having a successful retirement plan. John sat down with an Advisor and shared his goals, aspirations, financial situation, business plans, risk tolerance, investments and everything in between. After the consultation process, John was given a detailed financial plan, along with how to best proceed based on the information provided to his advisor.

Stick to the financial plan     

John has the plan in hand, now executing and sticking to the plan created by professionals is key. Using the proper accounts with an educated investment strategy is a powerful combination. Making sure John has an advisor who cares and regularly stays in contact with him is a great support. This support would help him to stay the course and help to proactively make any changes needed to his plan to help him reach his retirement plan goals, and any other goals that appear along the way.

How we would support the individual

Whatever situation John would find himself in, we would use our expertise, experience, and our commitment to excellence to provide him with the best level of client support, and guide him towards the best outcome possible given the facts.
If you have a similar story to Johns, reach out to us and one of our experienced advisors will be happy to assist you.

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