Challenge
A husband-and-wife millionaire couple, both recently retired, had worked with several other advisors over the last 20 years, with mixed results. Out of frustration, they asked a cousin, who had been a client of ours for 15 years, for a referral introduction. The couple’s challenge was to overcome bad information from other advisors. Namely, that they had to make drastic lifestyle and financial changes in retirement.
SOLUTION
Our solution was to show how they could live the retired lifestyle they wanted—while simultaneously growing their assets. Unlike many other advisors, we didn’t recommend they move their assets to a cookie-cutter fixed income allocation. With our cash-flow projections, we showed them how an equity-based growth at the right price strategy could grow their portfolio over time.
RESULTS
As we suggested, the couple has been withdrawing 4% of their portfolio for the past five years. Thanks to their long-term growth strategy, their overall portfolio has increased, not decreased. At minimum, we meet annually with our retired clients to show them where their withdrawal rate has put them relative to our retirement asset projections.
Every client has a unique story. Your plan and results may differ.