Ward (65) and June (61) are nearing the end of their professional careers and feel ready to retire; at least they're prepared from an emotional standpoint. Financially, however, they're not confident they have the assets needed to enjoy their post-career lives. They're nervous about the transition due to their parents' experience when they retired (Dot-com bust of '00-'01). As a result of the financial support they ended up providing their parents, one thing is for sure; they don't want to be a financial and caretaking burden on their children. 

As part of their plan, we:

• Coordinated their Social Security claiming strategy to maximize their benefits.
• Developed a tax-efficient income distribution strategy across their Roth, IRA, and taxable brokerage accounts to minimize tax bracket creep. 
• Designed an investment strategy that was more diversified, risk-appropriate, and expense-conscious. 
• Examined whether or not a hybrid Life Insurance/Long Term Care policy made sense and considered using the cash value in their existing permanent life insurance policy to cover the one-time premium. 
• Finally, we demonstrated how OCM could provide ongoing advice for Ward and June and their children for many years to come due to our firm's composition.

*The illustrations provided are for educational purposes only. Each individual's situation is unique. Speak with a Financial Professional before taking action.

Both divorced and now newly remarried, Phil and Betty, 56 and 59 respectively, decided to explore a new advisor relationship as they began their new life together. The challenge being they both run a small business, each has money saved in personal and business accounts, and now want to consolidate these assets. 

As part of their plan, we:

• Updated their planning and legacy goals, including a future projection of their newly combined income and expenses. 
• Consolidated personal accounts to develop a more streamlined approach to generating income in retirement. 
• Examined their combined investment holdings to remove overlap and build a more long-term, strategic, and diversified portfolio.  
• Helped them review a possible business venture from an objective financial and economic standpoint.  
• Completed a comprehensive review of their estate planning documents to ensure proper beneficiary designations for their newly combined family.

*The illustrations provided are for educational purposes only. Each individual's situation is unique. Speak with a Financial Professional before taking action.

Rose is an attorney who just made partner, and Jack’s a healthcare worker at the local hospital. To say their time is precious is an understatement; they are on the go from the moment their feet hit the ground in the morning. Raising two children, caring for an aging parent, civic engagements, and managing their demanding professional careers, has been rewarding but stressful. Life is feeling a bit overwhelming at the moment. They need some help when it comes to understanding their financial future.

Initially, they didn’t think they had enough assets to seek a financial advisor's services. They both earn a good living, but between student loans, childcare, a mortgage, car payments, and retirement savings, they don’t have much in investable assets.

As part of their plan, we:

• Reviewed income and expenses to ensure their earnings are allocated efficiently between debt payments, education savings, and retirement.
• Established education savings plans for each child while helping Jack and Rose automate their contributions to the plans.
• Reviewed their employer-sponsored 401k/Profit Sharing and Health Savings Account plans to determine prudent asset allocation and contribution amounts.
• Ensured their education and retirement portfolios were well-diversified and constructed based on their appetite for risk, expenses, and long-term financial goals.
• Lastly, we assured Jack and Rose that partnering with an advisor was a significant first step on their way to securing their financial future.

*The illustrations provided are for educational purposes only. Each individual's situation is unique. Speak with a Financial Professional before taking action.

Felix is an Electronics Engineer at Fleet Readiness Center East aboard Marine Corps Air Station Cherry Point. He’s 51, getting remarried, and is seriously considering immediate retirement in about 5-6 years (at his Minimum Retirement Age). Though his agency has provided him administrative information on his federal retirement, he felt there were many more critical factors to consider before making his decision. 

As part of his plan, we:

• After reviewing his overall financial picture, we suggested changes to his Thrift Savings Plan allocation that were more risk-appropriate based on his goals. 
• We agreed to meet every quarter before retirement and then every six months post-transition to ensure he gets comprehensive, objective, and timely investment advice. 
• Evaluated his post-federal career options, including, but not limited to, immediate retirement, taking the FERS annuity supplement, and what an independent contract job after retirement might do from an income and tax perspective. 
• Reviewed the financial and lifestyle benefits and drawbacks for selling his existing home and buying a new one. 
• Helped Felix feel more confident about his transition into retirement and ensured he makes the most of his financial options as his priorities and the markets evolve.

*The illustrations provided are for educational purposes only. Each individual's situation is unique. Speak with a Financial Professional before taking action.