Broker Check

Client Scenario #2: Tom & Diane

Age 67 & 59


  • Reduce taxes, improve investments, and create a reliable income stream in retirement.
  • Tom and Dianne recently retired from rewarding careers and have lots of plans for the future.
  • They want to ensure that their retirement plan not only enables the lifestyle they have envisioned in retirement but that they have a plan to make sure they never run out of money.
  • Reducing taxes, improving investments, and creating a reliable income stream in retirement was their priority.


  • Tom devoted 40 years to his company before deciding it was time to move into the next phase of his life.
  • With his children grown, he and his wife Dianne were looking forward to traveling, golfing, and babysitting their grandchildren.
  • His retirement package included a 401(k), stock options, and a pension, and he was hoping to put these assets to work so he and Dianne could enjoy a comfortable future filled with all the things they dreamed of doing.
  • He wasn’t quite sure about how he could access these funds and needed some advice as to what investment options were available to him.
  • Tom’s ultimate goal was to make sure that their money would outlive them while facilitating the comfortable lifestyle they envisioned.


  • It was important to help make Tom and Dianne’s retirement planning process easy, enjoyable, and stress-free.
  • To avoid any major surprises, the first step was to identify any potential tax challenges they may soon face.

Working together with Tom and Dianne’s CPA, the retirement planning process involved:

  • Compiling all the information Tom needed from his company’s benefits administrator
  • Summarizing all the options available to them along with any corresponding tax ramifications
  • Establishing new investment/retirement accounts
  • Strategizing a withdrawal plan to provide them with a reliable income stream


Being able to see and understand all their options removed a lot of worries. They were able to move forward with their future, confident in knowing that they would be well looked after.

The solutions adopted by Tom and Dianne helped them in many ways:

  • They were able to reduce taxes now and, in the future.
  • Tom’s retirement savings were protected
  • They had the advantage of a predictable stream of income that they could not outlive
  • Today, Tom and Dianne are having the time of their lives. They travel between their home in the USA and their beach house in Florida, visit new golf courses, and spend time with their grandchildren every chance they get.
  • They have the confidence of knowing that his financial plan is sustainable and that he and Dianne can relax and enjoy life on their terms.
  • Tom and Dianne's retirement plan is reviewed regularly. Most importantly, new tax laws are being monitored each year to ensure they are taking advantage of any opportunities available to them.

*These client scenarios are meant for illustrative and informational purposes only, and they are not examples of actual client results. Individual results can vary. These hypothetical situations are designed to provide educational and/or general information and is not intended as specific investment, tax or legal advice. You should always consult a professional regarding your specific situation. Actual future investment returns, taxes and inflation are unknown. Past performance is no guarantee of future results.