Dan & Amy
Fitting all the pieces together to create and understand their whole financial picture.
Dan and Amy, both 45, came to PrairieView at a critical time in their financial lives. Dan was a professional at a local Fortune 500 company and Amy worked for a small consulting firm. They had 3 kids, ages 14, 12, and 10 for whom they were managing various school and extra-curricular schedules. Dan had just received a promotion at work and now had excess income to start saving in addition to their designated retirement accounts.
Their biggest questions involved how best to save and invest the excess income, how much and where they should save for college for their kids, and how to best set themselves up for an earlier retirement – around age 55-60. They just didn’t have the time or energy to figure out how everything fit together anymore (because they had a lot going on!). Dan also had two retirement accounts from previous employers that he hadn’t touched since he worked at the respective companies.
We met with Dan and Amy and had some intentional conversations around their goals and values before diving into an analysis of their financial resources and putting together a plan. Our conversations and analysis identified a few key areas for improvement.
By digging into an analysis of their financial situation and putting together a financial plan, Dan and Amy were able to fit the pieces together to create and understand their whole financial picture. They were able to coordinate the various savings goals to set their kids up for college as well as to get them on the right track for an early retirement. By looking at the whole picture, they were also able to ensure that their accounts were set up in accordance with their estate plan and how they wanted their assets to pass to their kids.